The advantages of bitcoin

[bluered]

The advantages that Bitcoin offers are already in other emerging alt coins. They even have better features in actuality. The only real advantage that Bitcoin has is its popularity since it is the first go-to coin for people who want to start with crypto.

in addition to this bitcoin can be earn without the starting money, so no people can say that this is not true because i can prove it. there are just many people who chooses to use starting money or capital.

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[mahfuj7779]

I think Bitcoin has many advantages. The use of current bitcoin is beneficial to the people. Bitcoin does not have to pay any taxes on a digital currency. Bitcoin is a machine to remove unemployment.

[rainezerr]

the advantages of bitcoin are; fast, easy and low-cost transactions. you don't have to go to a bank anymore. you can buy things online using bitcoin. you can invest and earn more money in Bitcoin. and you can do it at home, just by having an Internet connection and a computer or Laptop. you can even do it on your cell phone. Now, I have more time with my Loved ones.

Bitcoin is good for long term investment because of the market's volatility, bitcoin is also a digital currency which can be used to purchase any product online, the price is keep on increasing so we can expect to have a cheaper price of valuable items in the future if we are still holding bitcoins.

[malbano2099]

 I believe Bitcoin's most prominent favorable position is having many individuals engaged with contributing and also getting high costs in the market, Bitcoin cash is currently justified regardless of the cash for speculators to contribute generally . in my nation Bitcoin as a croissant for the individuals who know the virtual cash and have understanding of speculation.

[Fugaga]

Bitcoin is favour with numerous number of advantage, to mention but few are...
It's appropriate in value,
Lesser fees of transactions.

[Ajinomoto40]

Freedom of payment - any amount of money can be paid and received instantly and anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.

Very low fees - there is no handling charge or very little handling fee for the current payment of bitcoin. The user can include the handling fee in the transaction to obtain processing priority and receive the transaction confirmation from the network faster. In addition, there are merchant processors that help merchants deal with transactions, convert bitcoin into legal tender daily and deposit funds directly into merchants' bank accounts. Because these services are based on bitcoins, they can provide a much lower fee than PayPal or credit card networks.

Reduce the risk of merchants - bitcoin transactions are safe, irrevocable, and do not contain customer sensitivity or personal information. This avoids the loss caused by fraud or fraudulent withdrawal, and there is no need to comply with PCI standards. In places where credit CARDS cannot be used or fraud rates are too high, businesses can easily expand new markets. The net result is lower costs, bigger markets, and less administrative costs.

Security and control - bitcoin users are completely in control of their transactions; Businesses cannot force fees that may or may not be found in other payment methods. Paying with bitcoin doesn't have to be tied to personal information in transactions, which provides great protection against identity theft. Bitcoin users can also protect their money by backing up and encrypting it.

Transparency and neutrality - all information about the money supply itself is stored in a block chain, and anyone can check and use it in real time. No individual or organization can control or manipulate the bitcoin protocol because it is password protected. This makes bitcoin's core believed to be completely neutral, transparent and predictable.

The bitcoin has many advantages that can help people to make their life better. In bitcoin you can earn huge profits because it's value is extremely amazing, the bitcoin is decentralized so no one can control it or manipulate it.

[Monnt]

What I like about bitcoin excess is the cheap bitcoin transaction process. What do you say. Your credit card transaction also happens instantly? Yes, it is true. But your merchant (and maybe you) for that privilege. Some people charge for debit cards, because they have to pay 'friction money' to meet their demands. Bitcoin transaction costs are minimal, or in some cases free. Bitcoin transactions, however, are generally much faster.

Bitcoin is advantageous in all proportions and is the most helpful among all the crypto market as well as the whole global market products. People are now using the most frictionless system of transferring amount from one corner of the world to another corner of the world with in seconds, this process needs seconds to complete. This is the most advantageous system and is good for government too to take benefit and reduce the wastage of money and to boost their economies.

[FiveReelsTwo]

Freedom of payment - any amount of money can be paid and received instantly and anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.

Very low fees - there is no handling charge or very little handling fee for the current payment of bitcoin. The user can include the handling fee in the transaction to obtain processing priority and receive the transaction confirmation from the network faster. In addition, there are merchant processors that help merchants deal with transactions, convert bitcoin into legal tender daily and deposit funds directly into merchants' bank accounts. Because these services are based on bitcoins, they can provide a much lower fee than PayPal or credit card networks.

Reduce the risk of merchants - bitcoin transactions are safe, irrevocable, and do not contain customer sensitivity or personal information. This avoids the loss caused by fraud or fraudulent withdrawal, and there is no need to comply with PCI standards. In places where credit CARDS cannot be used or fraud rates are too high, businesses can easily expand new markets. The net result is lower costs, bigger markets, and less administrative costs.

Security and control - bitcoin users are completely in control of their transactions; Businesses cannot force fees that may or may not be found in other payment methods. Paying with bitcoin doesn't have to be tied to personal information in transactions, which provides great protection against identity theft. Bitcoin users can also protect their money by backing up and encrypting it.

Transparency and neutrality - all information about the money supply itself is stored in a block chain, and anyone can check and use it in real time. No individual or organization can control or manipulate the bitcoin protocol because it is password protected. This makes bitcoin's core believed to be completely neutral, transparent and predictable.

Bitcoins have a good impact to economy, It provides opporrunity to all unemployed individual, Financial stability, and a decentralized innovation which gives freedom for everybody.

[ironman2014]

For me at this time, the biggest advantage is to have a profitable hobby, that I can spend few hours of my busy day.

[Lauff]

The main advantage of the bitcoin is it is decentralized. There is no company, government or institutions who owns bitcoin. Any types of people can use and can buy bitcoins. We can get many benefits from the bitcoins by patronizing it.

There are many advantages if you can keep it for several years that you will surely be able to make a lot of profit. Because Bitcoin is the digital currency of course, makes a lot of the advantages made from digital currencies like bitcoins

[genocide]

Irreversible Transactions
As existing merchants will be well aware, when accepting credit card payments, or even bank payments the sender has the ability to reverse or “chargeback” the payment.  There is nothing worse than sending products to a customer, only to receive a message that the payment has been reversed, you have been cheated and there is nothing you can do about it.

Bitcoin is the only payment method that is 100% irreversible and cannot be charged back.  For this reason you should be careful when sending Bitcoins; be sure that you are sending them to a trusted vendor.

No Paperwork
Anyone, from any country, of any age can accept Bitcoins within minutes.  There is no ID card, passport or proof of address that all conventional banks required to open an account.  All you need to do to start sending and receiving Bitcoins is to download a Bitcoin Wallet program and generate a Bitcoin Address.

You could have 1000s of different addresses if you wanted, there is no limit to the number of Bitcoin Addresses that you can have.

Appreciating Value
As you can see from the Bitcoin exchange value graph shown on our homepage, the value of Bitcoins were initially highly volatile during the first few years of it’s inception, however during the last 6 months the currency has stabilized and has been steadily increasing in value on a daily basis.

Quick and Cheap Transactions
When making a Bitcoin transfer the fees are extremely low compared to conventional methods of moving money.  A normal Bitcoin fee is 0.0005 BTC per transfer, whereas with a typically international wire transfer you could expect to pay 700THB-1300THB per transaction.  Accepting credit cards will generally cost 3-5% of the transfer amount, which again is much more expensive than a Bitcoin tra

[bohr]

The main advantage of the bitcoin is it is decentralized. There is no company, government or institutions who owns bitcoin. Any types of people can use and can buy bitcoins. We can get many benefits from the bitcoins by patronizing it.

There are many advantages if you can keep it for several years that you will surely be able to make a lot of profit. Because Bitcoin is the digital currency of course, makes a lot of the advantages made from digital currencies like bitcoins

While that is an advantage, that is not an advantage that is exclusive to bitcoin, if you pick a good stock and you hold it for a few years you are also going to get good profits, not as good as bitcoin obviously because bitcoin is something completely new and its growing very fast, but the same concept of holding for the long term applies to almost any other investment.

[Escan0r]

There are many advantages when we start to know bitcoin. Bitcoin also has many advantages such as gold, bitcoin is considered to play a protective value of inflation. Bitcoin can suppress excessive inflation rate.

[julzcoinbit]

Anyone at anytime can verify transactions in the Bitcoin block chain. Bitcoin protocol cannot be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.

I agree and not just crytpographically secure but also ofcourse bitcoin is decentralized that's why they can't  manipulate especially on the Government side. For me the advantages of having a bitcoin well, you have chance to earn more profits but in favor in long term investment.

[Flayme]

Bitcoin is one the greatest invention today, it helps people in so many ways like in the transactions of payments around the world since
It is digital currency it has work so fast because of the blockchain technology. Bitcoin can use as an real investment in near future although at this generation we couldn't say if Bitcoin is last fr a long period of times. Because maybe people could discover another technology which is better to bitcoin and blockchain technology.

But the greatest advantages of bitcoin it gives more opportunities for all people who wants to become successful and to having better future.

[Fatimah Azzahra]

yes you are right, but there are many more advantages of bitcoin.
especially reducing unemployment in the world and providing new income fields to improve their economic problems.
as the easiest and safest transaction tool.

[cahgantenx]

I think the benefits of bitcoin not only in the field of capital money alone but in all areas can be implemented with blockchain technology. For example in the field of medical health that I think is very important

[Unread]

I think the benefits of bitcoin not only in the field of capital money alone but in all areas can be implemented with blockchain technology. For example in the field of medical health that I think is very important

indeed profit is not material. now the sector sector of many fields already implement blockchain to be applied in daily activities.medical. keep on gaming and much more

[shinchan123]

I think the number one disadvantage of bitcoin despite being with us for quite some time is the fact that we can never guarantee that it will last forever. It is quite scary to think that one day bitcoin might be gone because of some reasons like the government banning it for instance. So, it is scary.

[playful69]

There is quite a lot of advantages in using Bitcoin. Besides the speed of transaction, I tilt for more criterion benefit of money or to make benefit to reside with this exchange rate. Except that its value is not at the top since some time, that is why, I opted for the wallet of crypto currencies (altcoin and litecoin) or crypto currency global. i am assisted the need by professionals and everything baths.