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Author Topic: The advantages of bitcoin  (Read 1838 times)
bitllionaire
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May 05, 2018, 09:21:37 PM
 #521

Bitcoin has many advantages and disadvantages. I think that, the biggest advantage of Bitcoin is that it is decentralized.
Yes that is a good advantage but i think that there are so man other advantages of bitcoin for example it is an advantage of bitcoin that bitcoin is no limited to some area but can be use anywhere in the world having same value everywhere. In fact is the need of every person and in near future will be the main currency of the people

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May 05, 2018, 11:02:57 PM
 #522

Bitcoins advantages are mainly the strongest currency ,it is good for the investment.it can be transferable between the buyer and the seller It can be useful for the salary payment.Bitcoin will not effect the inflation so it will be useful for the commodity price stable. and it can be used for the service bill payment,for the local and international buying.Bitcoin is usable for the day traders in the volatile market.The main attraction to bitcoin is that to spent it suitably for the human requirement globally
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May 05, 2018, 11:12:57 PM
 #523

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.
The advantages of bitcoin is bitcoin can be the future and there is no doubt that in the future there will be some restaurant, hotels that will accept bitcoin as payment, and the advanatges of having a bitcoin is our future is will be bright because bitcoin price can be very high.
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May 05, 2018, 11:14:11 PM
 #524

Bitcoins advantages are mainly the strongest currency ,it is good for the investment.it can be transferable between the buyer and the seller It can be useful for the salary payment.Bitcoin will not effect the inflation so it will be useful for the commodity price stable. and it can be used for the service bill payment,for the local and international buying.Bitcoin is usable for the day traders in the volatile market.The main attraction to bitcoin is that to spent it suitably for the human requirement globally
Even bitcoin is now becoming more stronger, in fact bitcoin has the support of its uses, and its users are also increasing too much which is making it more stronger, to me i think that in current time the most stronger currency of the world is bitcoin and in future it will become more stronger because of the interest of the people are because of the facilities that bitcoin is going to provide us.

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May 06, 2018, 01:55:30 AM
 #525

Bitcoin is decentralized and that is a system the world need to move from were it is now to were it ought to be in development. By this you can easily transfer your money to other people. We get lot a of benefits here in bitcoin and really helps us through financial need.
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May 06, 2018, 02:02:44 AM
 #526

For me, the major advantage that bitcoin can give us is the its market price as time goes buy. Bitcoin is a long term currency that needs to be kept in your digital wallet for a long term plan. Just think of the days when bitcoin was launched and how its price goes high today.

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May 06, 2018, 02:07:08 AM
 #527

our advantage has bitcoin for us very well us with greater profits and easy to use because for us bitcoin is easy to use and not bound in time, so for us it is very profitable with the existence of bitcoin in our country by helping to gain profit faster.
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May 06, 2018, 03:55:27 AM
 #528

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.
For me there are lots of opportunity of bitcoins that can really helps people earn more money and support their financial needs. These is the best advantage of bitcoins, this coin offers lot of opportunities that can helps people out of debts. One thing is bitcoin is very easy to transacts easy to send and receive quickly in our wallet. Easy to use also as payments on our online purchases and our monthly bills.

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May 06, 2018, 04:22:25 AM
 #529

Bitcoin is decentralized and that is a system the world need to move from were it is now to were it ought to be in development. By this you can easily transfer your money to other people. We get lot a of benefits here in bitcoin and really helps us through financial need.
Yes it is true, many benefits we can get if you have bitcoin, we can transfer money anytime and with very low cost, of course transfer money with bitcoin faster and safer so we do not need to worry and do not have to queue like in banks.

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May 06, 2018, 04:33:14 AM
 #530

Bitcoin is decentralized and that is a system the world need to move from were it is now to were it ought to be in development. By this you can easily transfer your money to other people. We get lot a of benefits here in bitcoin and really helps us through financial need.
Yes it is true, many benefits we can get if you have bitcoin, we can transfer money anytime and with very low cost, of course transfer money with bitcoin faster and safer so we do not need to worry and do not have to queue like in banks.


Aside from bitcoin's greatest benefit which is its high valued price in the market, it also offers equal opportunity to all in earning money from it. No educational attainment needed as long as you are willing to work and invest to it. Another thing is that, it can be used to pay online transactions though only selected establishments and in some countries also.

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May 06, 2018, 04:55:47 AM
 #531

Yes, earning bitcoin is the best and most people accept Bitcoin because it has given the source of earning money. Bitcoin helps many people with money. There is a lot less money in the transaction.
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May 06, 2018, 05:29:07 AM
 #532

Bitcoin has many advantages. Then in between bitcoin can be easily traded online, paper-form is not needed. Bitcoin is a digital coin. This currency has the value.
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May 06, 2018, 08:17:11 AM
Merited by abstractednerve (7)
 #533

Bitcoin brings us an excellent virtual currency market, I'm a beginner investor but have a pretty good understanding of virtual currency rumours, many think Bitcoin's development is enormous compared to The market economy should have asked the government to stop Bitcoin from developing.
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May 06, 2018, 03:22:00 PM
 #534

the advantage of bitcoin for me is that there is no tax payable, because bitcoin is no tax, so we have the freedom to earn a lot of money, and we control our money with bitcoin.and also no Central authority figure in the Bitcoin network .

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May 06, 2018, 03:47:44 PM
 #535

Bitcoin is the best thing that mankind has invented over the last 2000 years. With the help of bitcoin, a huge jump in the development of civilization is possible
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May 06, 2018, 03:48:57 PM
 #536

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 has many advantages, bitcoin can be used as a secure means of payment, bitcoin can also be used for investment and it can help me in changing the economy better.

           ﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
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≈ WORLD POWER PRODUCTION ≈


【 BACKED ASSET GREEN ENERGY TOKEN 】
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sulendra12
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May 06, 2018, 03:52:22 PM
 #537

Bitcoin has many advantages. Then in between bitcoin can be easily traded online, paper-form is not needed. Bitcoin is a digital coin. This currency has the value.
Yes, you don't need to bring physical money everywhere to use this Bitcoin and you can use it anywhere as long as they support this type of payment method. However, not all of merchants in here accept this payment anyway. Online store would be a choice.

﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
≈ WORLD POWER PRODUCTION ≈

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aencarnaci
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May 07, 2018, 11:15:33 AM
 #538

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.
These two and many other advantages are to be counted. But for me, advantage of bitcoins are totally different. And that is bitcoins being the source of income for us. We are continuously earning from bitcoins since last year and making our lives better. I don’t see such an enormous advantage of bitcoins over other sources of money existing in this world right now and they are best.
JackdunR
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May 07, 2018, 01:32:39 PM
 #539

When the founder of the ICO their main purpose is to make quick transactions, reduce costs and procedures. But now there are not a lot of people who think about the benefits of BTC's daily activities in life. They only buy and hold BTC for speculation purposes. So I do not think that BTC is increasingly accepted in the payment world.
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May 08, 2018, 05:45:03 AM
 #540

Bitcoin hiding many advantages, my favorite are free transactions all over the world, no taxes, no banks. I can't trust to my governmnent anymore unfortunatly but i can use bitcoin. Grin
Because Bitcoin has given you all you need so why you will want to use and trust Government any more as the government is taking tax and that is called huge tax system which has been struck off by Bitcoin. Bitcoin has given you the right to handle your money and transaction fee is negligible. We are adopting the currency which is in our good and that is the only Bitcoin which is favorable to us.
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