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Author Topic: Some of the benefits of Bitcoin ...  (Read 1735 times)
Banulit
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November 07, 2020, 04:45:24 PM
 #181

Some of the benefits of Bitcoin ... Smiley Smiley

The reason why Bitcoin is becoming so popular all over the world is that it offers users many times more benefits than the currencies that are currently in circulation. For example, I can use Bitcoin to buy many things online. I enjoy many benefits by paying bitcoin. Nowadays it is becoming known as the ideal currency. It is also suitable for those living in privacy-conscious or underdeveloped financial infrastructure.
Bitcoin Wallet protects the privacy of transactions.
Its advantage rate is increasing with a war transfer using conventional currency.
Forgive me if there is anything wrong with this writing.
That is true that there are many advantages and benefits bitcoin has compare with other cryptocurrencies. The developer of it really think and conceptualize on how to make bitcoin very useful and beneficial to all the people who will be using it. It really show us why bitcoin is the king of all cryptos and will definitely be the undisputed cryptocurreny.

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November 07, 2020, 04:56:37 PM
 #182

For bigger investor have benefit use bitcoin because when sending much money trough bitcoin could lower fees transaction and not difficulty how sending use the money. Maybe when sending billion USD with bank need pay administration and take long term procedure for sending by filling many form. But when investor use bitcoin for sending money just open their bitcoin wallet and sent without few minute bitcoin received to other wallet and have lower fees transaction, maybe if bitcoin become legal transaction will make bank empty from investor to save their money and better hold money in bitcoin wallet.

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BryanJohn
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November 07, 2020, 09:09:26 PM
 #183

yes Bitcoins make it possible for buyers to complete their payments without divulging any sensitive financial information (like credit or debit card details) to the seller. and also Each bitcoin wallet transaction is signed by an authentic digital signature before it is sent to a blockchain. This complete process makes the app a safe place for storing and exchanging cryptocurrencies.
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November 18, 2020, 07:36:40 AM
 #184

Bitcoin resembles a favor for us, it has numerous advantages. You can procure bitcoin without doing persevering or burning through your time.
It has the capacity to build its cost in a brief time frame period so it's an extraordinary wellspring of contributing as compare with other stock.
Not just this we can send cash around the world. The anonymous exchanges make it taxes free and the bank won't take any activities.
I quit utilizing another Payment gateway due to their exceptional expense and move to bitcoins. It set aside my time and cash.
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November 18, 2020, 03:33:53 PM
 #185

Advantages of Using Bitcoin

1 Independence From Political Agents and Creators

2 Anonymity and Privacy Relative to Traditional Currencies

3 Generally Lower Transaction Fees

4 International Transactions Easier Than Regular Currencies

5 Increasingly Wide Acceptance as a Payment Method

6 Greater Liquidity Relative to Other Cryptocurrencies

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November 18, 2020, 04:00:55 PM
 #186

besides that in my opinion the benefit of bitcoin is a blockchain system that eliminates the financial centralization system coupled with an anonymous system that makes transactions safer
I really want to outline all the benefits of bitcoin but it will probably be very long
what is clear is that bitcoin allows everyone to transact easily and quickly and benefit from scalping without being aware of beginners

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November 18, 2020, 07:11:43 PM
 #187

Bitcoin very easy to invest compare to fiat money, that if you are  not careful you will invest in the hands of scammer that will turn your efforts to zero in your business because you invest in a wrong channel. Bitcoin transaction is fast and easy compare to fiat money transaction, that will take some days before it can be Successful before the owner can make use of the money.
It improve people investment when they invest in the right channel that will lead them to their next level. It make many newbie improve base on other people rank in the forum with their quality post.

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November 19, 2020, 07:04:47 PM
 #188

Bitcoin is a digital and global money system currency. It has a lot of benefits.
Here are some of them.

   •Bitcoin has greater liquidity relative to other cryptocurrencies.
   •Hundreds of merchants accept bitcoin payments, as a result the acceptance of bitcoin as a payment method is increasing day by day.
   •Bitcoin is a very easy transaction method. Bitcoin as an international transaction, is easier than regular currencies.
   •Bitcoin comes with lower transaction fees.
   •Bitcoin takes care about customer's privacy.
   •Bitcoin is not controlled by any political parties or creators.
   •Bitcoins allow buying of goods and services online.
   •Bitcoin is faster, cheaper, more secure and immutable.
   •Bitcoin mining is pretty much profitable.
   •By using bitcoin people can easily send or receive money across the internet.

People can easily trade bitcoin for cash or assets. Bitcoin has a high market value nowadays. So, bitcoin is very profitable in today's world.

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November 19, 2020, 10:15:44 PM
 #189

besides that in my opinion the benefit of bitcoin is a blockchain system that eliminates the financial centralization system coupled with an anonymous system that makes transactions safer
I really want to outline all the benefits of bitcoin but it will probably be very long
what is clear is that bitcoin allows everyone to transact easily and quickly and benefit from scalping without being aware of beginners
for those who don't like complicated regulations that often hamper conventional financial systems, bitcoin is the right choice. even for sending large funds, there are no special conditions and it can be done quickly and instantly. It is different if it involves large funds in a conventional system, surely the regulations are more complicated, there are a lot of letters or permits and additional admin fees to solve it all.
On the other hand, this is a weakness of bitcoin that can be used for illegal activities, yes, but it all depends on each person.
As for beginners, this looks quite complicated, let alone a lot of scammers, so you have to be more careful and study this ecosystem first. choose a wallet or exchange that is truly trusted. because we are responsible for our own assets in a decentralized system.

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November 20, 2020, 07:35:07 AM
 #190

Currently Bitcoin transaction fees are satisfactory. I think in a decade or so later Bitcoin's payment protocol will probably be more polished and usable so that the fees are not likely to be higher. Because it will discourage bitcoin users from using bitcoin. So it needs to have some solution like LN or reduce miners. As a result, there will be no need to increase transaction fees.
Care to explain how reducing miners is going to help reduce fees?

besides that in my opinion the benefit of bitcoin is a blockchain system that eliminates the financial centralization system coupled with an anonymous system that makes transactions safer
-snip-
Bitcoin is not anonymous. Why do people keep on assuming that the transactions made with bitcoin is always going to be anonymous? The person who is making the transaction can eventually be traced unless that person takes drastic measures to hide all his footprints. And what makes you thing an "anonymous system" is going to make transactions safer? It might be safe for the person doing the transaction, but not the person receiving it.

-snip-
Not just this we can send cash around the world. The anonymous exchanges make it taxes free and the bank won't take any activities.
I quit utilizing another Payment gateway due to their exceptional expense and move to bitcoins. It set aside my time and cash.
Tax free probably in some countries. But in most of the countries you will have to pay tax as soon as you convert bitcoin to fiat.

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November 20, 2020, 08:04:09 AM
 #191

We are blessed right now because we get a lot of benefits to the bitcoin , first we earn more profit to this coin because at this moment the movement is good and I think we will get more benefits to the bitcoin in the next few months.

Aside from that yes we are used this coin for purchasing an item to the online store but as of now is limited store because others still not adapt or accept to their payment method but Im sure someday they will add crypto and people will choose bitcoin for their payment option.
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November 20, 2020, 08:52:52 AM
 #192

In brief here are some of the benefit of bitcoin.
 
User Autonomy.
Discretion.
Peer-to-Peer Focus.
Elimination of Banking Fees.
Very Low Transaction Fees for International Payments.
Mobile Payments.

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December 13, 2020, 10:17:48 PM
 #193

The google trends for bitcoin word is going high. This indicates the popularity
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