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Author Topic: The advantages of bitcoin  (Read 2211 times)
TiffanyLien23
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May 02, 2018, 04:55:47 AM
 #421

The biggest advantage of Bitcoin is saving in cost and time by using the power of decentralization to confirm the transaction instead of relying on the centralized authorities and waiting for their actions. Bitcoin is not just a payment tool but it is providing more benefits as compared to that of traditional payment system. I am optimistic about the future and I believe that we will have a very user friendly model in the coming time along with supportive market environment.
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May 02, 2018, 04:56:13 AM
 #422

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.

With Bitcoin, it is possible to be able to send and earn money anywhere without any country boundaries. Bitcoin can also be used as an income because the value of bitcoin can increase higher.

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May 02, 2018, 05:53:38 AM
 #423

many in my opinion the advantages of bitcoin, one of which is bitcoin can help unemployment to earn income and the way it works do not need under the sun.
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May 02, 2018, 10:41:30 AM
 #424

The main advantage of bitcoin is that no one can block your wallet and forbid you to buy what you want. Using proxies and different wallets, you can achieve 100% anonymity
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May 02, 2018, 10:51:45 AM
 #425

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
you are right. even more so for now. the number of ICOs proves that the excess bitcoin in the blockchain is really in need. bitcoin is the best coin of all coins, and everyone is trying to get it, as you say, everyone has tried to make the most of it.

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May 02, 2018, 11:22:15 AM
 #426

Your giving tips was so helpful ,but i have some advantages like bitcoin was using blockchain and thats was so very good,bitcoin has fast transaction,we can use it any anywhere we are,also bitcoin can be your alternative banks.

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May 02, 2018, 11:26:22 AM
 #427

There are many bitcoin advantages like in their uses, paying bill, buyload, money transfer and paying online using our bitcoin. In addition bitcoin is a desensitized and wherever we are as long as bitcoin is accepted we can transfer it easily.
Gudhal Untu
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May 02, 2018, 11:43:32 AM
 #428

There are many advantages that we can get if you have and use bitcoin, and for me the most excited about having bitcoin is getting big profits, and I'm glad now that bitcoin prices look stable and this is signs that the price will rising.
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May 02, 2018, 12:00:36 PM
 #429

The advantages of BITCOIN are so many and the fact that any one from any country, any age can send and receive bitcoin within minutes to me is the most interesting. Then there is no ID card, passport or proof of address that all other conventional banks require to open an account. Quick and cheap transaction fees. Above all the amount of profit it generates
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May 02, 2018, 12:15:52 PM
 #430

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.
Bitcoin as a form of currency, have so many advantages, and you almost stated it all. One thing more, Because bitcoin is so volatile, if you try to invest on it and do the right thing. This investment could be your ticket to become financially done in the future. Yes, there are still risk, but complete awareness and insights on cryptocurrency can help you succeed on this.
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May 02, 2018, 12:21:12 PM
 #431

true, many advantages of bitcoin are transparent, easy to use and most interesting is bitcoin is a coin that will continue to grow and will continue to profitable

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May 02, 2018, 01:12:00 PM
 #432

I think the bitcoin excess I know is that bitcoin is not owned by any country, high demand, bitcoin is developed with idealism, bitcoin is safer than physical currency and bitcoin is global currency. that's what I read.
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May 02, 2018, 01:13:31 PM
 #433

Quite a few advantages of bitcoin. ranging from profits to transactions. investments and also for payment methods. this is great for the future.
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May 02, 2018, 01:15:55 PM
 #434

Bitcoins have a lot of advantages, they can give us a quicker and higher return than other investment markets. They can be traded fast and cost much less than other services. Not dependent on third parties. These are the benefits that BTC gives us.

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May 02, 2018, 02:20:57 PM
 #435

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.

Bitcoin is very advantages than fiat money. Because like what you have said friend bitcoin has ability to do transaction even if it is a holiday you can transact your money instantly without any document needed.and it is fast and reliable.

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May 02, 2018, 02:43:15 PM
 #436

bitcoin has many advantages, and the most important advantage is bitcoin is able to provide jobs for those who are unemployed to work and make money. bitcoin facilitates us in transactions between countries without complicated administrative systems. bitcoin also provides an opportunity for us to invest and achieve financial freedom.



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May 02, 2018, 03:05:03 PM
 #437

I think one of the best advantage of bitcoin is you can withdraw a lot without taxes on our government. There's a lot of advantage in bitcoin.you can buy items without hassle,less time.pay some billings online thrue btc.and other online business are ready to accept btc for payment method.
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May 02, 2018, 03:09:22 PM
 #438

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.
In my opinion, the advantage of Bitcoin is that it is a form of payment of one or more commodities. Similar to cash, Bitcoin is electronic money, when we go to the supermarket to buy a book, we have to pay by cash. But when I buy things on the site, I think Bitcoin will be the most convenient

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May 02, 2018, 03:10:57 PM
 #439

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.
In my opinion, the advantage of Bitcoin is that it is a form of payment of one or more commodities. Similar to cash, Bitcoin is electronic money, when we go to the supermarket to buy a book, we have to pay by cash. But when I buy things on the site, I think Bitcoin will be the most convenient

I totally agree with your opinion. You are right, I think Bitcoin is a form of payment on the internet. It will be convenient and pay more quickly than cash
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May 02, 2018, 03:11:04 PM
 #440

Bitcoin can have an increase on it's price after a period of time, as well as it can get a low price for us to be able to buy some of it and sell it in a higher price. Bitcoin can give you a lot of income in just one time selling of your token, and with it's opportunity in getting a high market value, bitcoin can make you an instant rich person when you are able to sell bitcoin in a high price. And what's great about bitcoin is that it has no tax so how much you earn is the amount that you'll be able to claim as your own.
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