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Author Topic: The advantages of bitcoin  (Read 1847 times)
PrincessChe
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May 08, 2018, 07:26:52 PM
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Think higher and higher told truly. Actually, they are strong advantages of bitcoin. What most of all is pleasant to me in bitcoin is a pure anonymity and decentralization. To tell that any person, the essence or even the government will never control your bitcoins. They can't freeze your account or track your personality. It is what is wanted by most of us, freedom of our wealth.
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There are several different types of Bitcoin clients. Header-only clients like Bither trust that the majority of mining power is honest for the purposes of enforcing network rules such as the 21 million BTC limit. Full clients do not trust miners in this way.
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May 08, 2018, 07:42:42 PM
 #562

Think higher and higher told truly. Actually, they are strong advantages of bitcoin. What most of all is pleasant to me in bitcoin is a pure anonymity and decentralization. To tell that any person, the essence or even the government will never control your bitcoins. They can't freeze your account or track your personality. It is what is wanted by most of us, freedom of our wealth.
It is very beneficial currency and its advantages are make our life very easy and that's why everyone can join it if they are employer or not, bitcoin can make everyone's life very easy and that's why their future will more profitable by its investment, so if your job is everywhere in the world you can join bitcoin easily because its a global currency and its advantages are not create difficulties for you rather its make your life more comfortable.

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May 08, 2018, 08:47:40 PM
 #563

The advantage of bitcoin it is a good in a long term investment beacuse the prize of bitcoin is not a stable they have posibility that your investment become double.and bitcoin is profitable in a short period of time and they have a lot of users change the lifestyle through bitcoin and also bitcoin have no taxes in my country so i claim my profits full.
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May 08, 2018, 10:18:41 PM
 #564

Bitcoin has a lot of advantages for all its users and investors.The reason why i want bitcoin it because it makes easy to earn,it makes faster transactions at the same time its security.And you can travel everywhere without a large amount of cash, once you need Bitcoin is there but you need to convert it first.Thru bitcoin i can pay my bills without leaving my house.
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May 08, 2018, 10:39:21 PM
 #565

first advantages of bitcoin is bitcoin reduce poverty form alot of people it is the biggest advantage of bitcoin. now every one give services on bitcoin and earn good income from bitcoin in trade. bitcoin is fast transaction in the world you can transfer your money in every where in the corner in the world. no government are interference in your money no taxes pay by any one. you just invest money in bitcoin and earn highest profit in small time. their are so many advantages in the uses of bitcoin.

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May 08, 2018, 11:21:01 PM
 #566

There are so many advantages of using bitcoin. The idea behind a borderless transaction and being anonymous are successfully achieved. Being a payment  system that the government doesn't have any hold of is also achieved. And the greatest advantage that the maker had probably not mentioned or is not so concern about was the idea that bitcoin could help the poor people in any locality around the world and many have just gotten rich.

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May 08, 2018, 11:47:58 PM
 #567

first advantages of bitcoin is bitcoin reduce poverty form alot of people it is the biggest advantage of bitcoin. now every one give services on bitcoin and earn good income from bitcoin.
The advantages of bitcoin is it is the first cryptocurtency that's why among the rest of crypto bitcoin is the most popular crypto and bitcoin is the most strongest crypto, and the other advantages of bitcoin is the price of bitcoin has a chance to get high compare to other crypto.

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May 09, 2018, 01:25:21 AM
 #568

Some advantages of bitcoin are:

You can receive and send bitcoin anytime,anywhere worlwide.
It is secure,no customers personal or sensitive information contain.
It is also transparent and acts as store value.
You can invest,trade and mine while you are staying at home.

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May 09, 2018, 03:03:48 AM
 #569

I like bitcoin with a transparent system, Bitcoin can pass transactions worldwide without tax cuts from the state government, And the transaction is very fast and secure without going through a third party. Not just bitcoin, many other digital currencies such as eth, litecoin, and others.
alexsandria
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May 09, 2018, 04:17:10 AM
 #570

Some advantages of bitcoin are:

You can receive and send bitcoin anytime,anywhere worlwide.
It is secure,no customers personal or sensitive information contain.
It is also transparent and acts as store value.
You can invest,trade and mine while you are staying at home.

Bitcoin has many advantages. To name a few: Bitcoin offers an online payment system which gives users security, convenience and fast transaction. Also it provides bitcoin users an opportunity to earn a higher profit through investment.

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May 09, 2018, 04:44:23 AM
 #571

More advantage by using bitcoin is simple and fast, you will faced different service if your are using payment by cash money, you know how difficult to bring much money when you are making transaction by your consumer. But by using bitcoin payment, transaction more easy and fast. How ever bitcoin have special of payment transaction, where we can take profit by bitcoin price it self, every time bitcoin have grow up of their price and we could take much profit.

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May 09, 2018, 10:56:25 AM
 #572

Hmm..the advantages of BTCitcoin for me are

  Ease of use to sending money in the form of Bitcoin to other people

  Private...I do not have to go thru any banking or paypal system and diveulge information on who is sending and is receiving. So privacy is key.

  Its fast, no longer do I have to wait for the bank to place a wire transfer and wait in line to fill out forms..again privacy issue.

  Low transaction fees...I do not have to pay PAYPAL or a bank an exorbitant amount to send the money.

  Can do it easily thru a mobile wallet in an instant...all I need is a Bitcoin address and the coin can be sent anywhere around the world/

  And last but least,...there is no middle man to get involved to make them richer of off my back
Nicely stated you are absolutely right I like bitcoin the most because it’s really a reliable way of getting money and you will not have to suffer for it, if you have internet at your home you can earn with bitcoin, money, the advantages of bitcoin are uncountable, it gives us money, it keeps our money safe and help it grow, is a job, it is a chance to change your whole life as well, it helps you to go through financial crises and overcome all your problems.

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May 09, 2018, 11:15:27 AM
 #573

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
If you have invested your money into the bitcoin and that you have some bitcoins placed in your wallet and that you have some good information and knowledge regarding the things related to the bitcoin and the crypto currencies and above all, you have some good patience level, then you will surely be able to earn as much amount of money as you want to because of bitcoin and that it will surely help you in getting richer.
The big advantage of bitcoin is that it is a safe and profitable place for investment. More and more people are investing their money in bitcoin because they know the future is that of cryptocurrency and bitcoin is the leading one. You can make huge money if you hold your bitcoin for some time. Patience is important for that. You will have to do nothing just waiting for the price to go up.

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May 09, 2018, 02:22:23 PM
 #574

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.

For me, Bitcoin has a lot of benefits and advantages (for many of us, too I guess). First of all, it is the currency that I can send easily to any place, in the shortest period of time, and for a small fee.

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May 09, 2018, 02:42:02 PM
 #575

I think because easy way and easy  transaction.  Like if you wanna buy some things in online shop.  You can use your bitcoin in regular payments. And everyone knows bitcoin is big benefits to everyone. And more advantage because you can invest your money in buying coins and hold it.

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May 09, 2018, 03:59:52 PM
 #576

We will have a chance to make if we use bitcoin. By holding bitcoin, our balance will become bigger in the future because we always know that the price of bitcoin continues to increase over year and year. Moreover, using bitcoin will make us understand more the blockchain.
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May 09, 2018, 04:08:48 PM
 #577

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 this is the compact whole summary of bitcoin advantages.
Low fees? I think that is the problem 'coz as far as I know bitcoin fees increase due to the technical problems. Then the rest no issues.
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May 09, 2018, 04:44:35 PM
 #578

No doubt that has a lot of bitcoin benefits, and I think the biggest benefit is the price that keeps rising so I can benefit when the price goes up and if I want to send money then it is safer because it does not need to go to the banks.

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May 09, 2018, 08:24:02 PM
 #579

I like bitcoin with a transparent system, Bitcoin can pass transactions worldwide without tax cuts from the state government, And the transaction is very fast and secure without going through a third party. Not just bitcoin, many other digital currencies such as eth, litecoin, and others.
If you are asking about the advantages of Bitcoin then it has a simple answer that is the daily life problems related to finance or economy. You can get the benefit from Bitcoin in all proportions and similarly a country can also get the same benefit and perhaps more than that from people because country has huge money and if invest in Bitcoin this money will let them the richest.

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May 09, 2018, 09:47:18 PM
 #580

I do not see that bitcoin will be the strongest benchmark, but this coin will be a crypto generator and many systems will switch to making blockchain and altcoin for each country with more complex structures than the current economy. What bitcoin gives will make the digital currency alternative more transparent, the concept of e-money will be more perfect with the crypto system.

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