The advantages of bitcoin

[Predator25]

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.

There are still more advantages of bitcoin aside from what you said. Like it gives convenience to us, this generation, time is the most important to people because this is where they get their money. You get paid by hours or by how many hours you do your work. Aside from that, like when you want to send some money abroad, unlike with banks it has a long process, but it bitcoin it is just one click away especially when the person is badly needed some money.

[isetter]

The advantage of Bitcoin is that Bitcoin is traded to a lot of Altcoin and many other things like gift cards and many items on the internet. In addition, Bitcoin has the advantage of sending and receiving very fast.

[dmyddtun]

I think the biggest advantage of bitcoin is that it can make the economic activity more smooth among people, and it is instant and very cheap.

[Ingramtg]

Bitcoin has a many advantages though , and also tons of benefits not just for ourselves but for the future and economy too ,
and i see bitcoin as a hope though , there are tons of advantage but then again if there is advantage there is disadvantage too.

One of disadvantage of bitcoin is the volatility of and some are just using the name of bitcoin to scam others , nevertheless looking forward for more further surprises of bitcoin.

[Gandam23]

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.

I think instead of giving an example of advantage of bitcoin I will give one of the most disadvantage of bitcoin. It is when bitcoin will be used in some dirty works like selling and buying drugs on the black market and doing trafficking like child trafficking because bitcoin doesn't leave a trace of transaction unlike when you send money thru banks. So it is kinda scary when bitcoin will totally become free form the eye of governments.

[cfif123]

I think the biggest advantage of bitcoin is that it can make the economic activity more smooth among people, and it is instant and very cheap.

really and once I've felt the results after using bitcoin to make investment and others. and the excess of bitcoin is a great deal of economic expansion, made an investment for our money and the transaction is also fast

[kangbasir]

The excess Bitcoin we can spend or we transfer and substitute paper money or bills is only more practical and quick when doing transactions is just as important.

[WordDeckTuch]

Going physically we can conclude that btcs are safer than fiats. it doesn't get wasted in calamities or get hacked while in hardware wallet

[Shiversnow]

For me, the advantage of bitcoin right now is it can make the transation easier and faster due to no physical appearance of money needed. Also, many people considered it as a good investment so I can considered it also an advantage of bitcoin.

Actually, one of advantages of bitcoin is you can able to use it many transactions and it will make your transactions easier and faster. Furthermore, the biggest advantages of bitcoin is it will help you to your financial and it will give you an extra income that you can use in your daily expenses. Lastly, I agree that bitcoin is a very good investment where you can also earn good profit.

[IcoKeeper]

Of course, he has many advantages as decentralization. But these commissions and the processing speed of transactions make it less attractive.

[ElectronicBot]

It can make people rich, but on the same drops in capitalization, many lose huge amounts. Such volatility should eventually disappear.

[winterland]

Well bitcoin helped many people, by its ability to empower an individual.
In addition, it has a peer to peer system, any amount of money can be paid and received instantly and anywhere.
Also, banks have holidays, a reason to make a transaction inactive.
There is no track or records made, and it is decentralized.
Bitcoin allows its users to completely control their money.

The characteristic of bitcoin that gives the power back to the people is probably one of the most important, governments stole the right to print currency out of the people and they gave themselves that right exclusively, that is one of the reasons that makes them that powerful, so bitcoin not only is going to give the power back to the people it's going to make governments weaker and that's a good thing.

[reddolphin]

I think the most important aspect of bitcoin is that it is an excellent store of value. It has the advantages of gold because it is hard to mine and there is a limited diminishing supply.

[Jupeter]

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.

Well the advatages of having a bitcoin is the price or the value of bitcoin can really pump in the future, and there is no doubt that when we have bitcoin i am sure we can be very profitable in the future, because bitcoin can also be our future.

[goldenplak]

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.

[Dancobit]

as global currency

Although every country has its own currency, bitcoin persists and goes into it. Bitcoin knows no national borders, does not waver due to political conditions in government, and is unaffected by anything.
Like gold, bitcoin is considered to act as a protected inflation value. Bitcoin can suppress excessive inflation.
Bitcoin is a new form of community savings that is applied with a system that is not troublesome. In addition to storing bitcoins, all the usual financial intermediaries in the bank can be eliminated. Holders also do not have to pay service and registration fees.

Amidst these advantages, Bitcoin also keeps a number of major flaws

[Celebrity]

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.

Well the advatages of having a bitcoin is the price or the value of bitcoin can really pump in the future, and there is no doubt that when we have bitcoin i am sure we can be very profitable in the future, because bitcoin can also be our future.

Let's imagine a situation where people are not able to receive money with global banking system or western union. Then what will we do in this case?
-Of couse, we will use bitcoin to make the money transfer within minutes. This much fast and the recipient will cash it out instantly.

[3la9l_kolbaCa]

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.

That would be another advantages of bitcoin. For me bitcoin has a lot of advantages just like for example it brings job to other people and it gives opportunities for many especially to those unemployed individual. Bitcoin has it's own function because it can easily transact with transparent positively. Bitcoin also gives active progress in our community because it can allow people to go through with bitcoin.

[Dilladupak]

we think the benefits of having bitcoin for us are so great that we expect in the future, because bitcoin is also easy to use in everything, so our economy will be better for the future, especially for investments and transactions that we use with ease.

[redsap]

isn't that gorgeous when you know the potential of bitcoin in the future, not in the near time right now still taking to long but still isn't that worth for us to waiting this invention