This is why bitcoin is unique.

[elmanchez]

Transfer of more than 1 billion, US dollars, and a commission of 0.7 cents.

Which bank will allow you to do as well?
That is why bitcoin is a great creation.


https://www.blockchain.com/btc/tx/b36bced99cc459506ad2b3af6990920b12f6dc84f9c7ed0dd2c3703f94a4b692

[Krislaw]

That's the beauty of BTC and other cryptocurrencies. Many huge transfers like this one has been made from some whales addresses without high fees.
I would have have put it this was since we are dealing in BTC here
"161500.99956979 BTC worth over 1 Billion dollars transferred with a fee of just 0.00010019 BTC worth only 0.7$.

[Twinkledoe]

That's the beauty of BTC and other cryptocurrencies. Many huge transfers like this one has been made from some whales addresses without high fees.
I would have have put it this was since we are dealing in BTC here
"161500.99956979 BTC worth over 1 Billion dollars transferred with a fee of just 0.00010019 BTC worth only 0.7$.

This is why whales are loving crypto or bitcoin in particular. Aside from ease of transfer from one point to another without trouble, they will pay like a dust of fee. Now, if you will use WU or any other remittance centers or even banks, how many days would it take for you to see that money aside from the supporting documents that you need to give them that you have that kind of money? They will ask a lot of questions and they might even freeze your account if you can't provide the source of that money. Now, many thanks for Satoshi for we have bitcoin to enjoy.

[lucasholder]

I'm fairly sure it's possible for billionaires to make 0 fee transfers between banks. That being said, tere are much more interesting features of Bitcoin:

- Its fixed and immutable money supply.
- Its pseudonymity.
- Its censorship resistance. You don't need anyone's permission to participate.
- Its digital, you can theoretically store a wallet in your head.
- etc.

[hatshepsut93]

Yeah, it's cool, but you can't really advertise Bitcoin with this alone. Just try to tell people on the streets that Bitcoin allows you to move billions without any additional verifications and for low fee - most people will scratch their head and ask "why would I need that? I don't have billions of dollars". So, if you talk about this, it's important to point out that this is an example of censorship resistance and decentralization, and $1 or 1 billion - it's all the same for Bitcoin's protocol.

[verita1]

Bitcoin has many virtues and we have not yet seen everything. Bitcoin is for everyone. Today I exchanged Bitcoin for FIAT to buy this week's groceries. I have never seen such a large transaction. Thanks for sharing.

[Rengga Jati]

Actually this is only one of the advantages of Bitcoin that we can utylize. And that is not only unique, the use as you mentioned is like a very easy and effective way to transfer money without complicated rules and regulation. Moreover, you can transfer money to the other people in the worldwide without any complicated requirement like in banks. It is faster and more efficient.
 Although actually the fee of BTC transaction is still high, but it is not kind of huge problems. For, BTC still offers many advantages.

[skiorf]

That is a uniqueness and advantages possessed by bitcoin, transfer of funds with large amounts still requires a very small fee. Banks will not be able to do the same thing as bitcoin.

But despite that there are many advantages and disadvantages that we need to be aware of. but Remember! Bitcoin has a volatile price nature and can change every second and at any time it can occur.

[Yaunfitda]

We have seen bitcoin being used to transfer huge amount so this is not the first we have heard about it.

But yes, this is really one advantage of using bitcoin, (pseudo) anonymous movement of your funds and I would say it is quick as well as compare to fiat wherein it would take days before the banks will clear that billions worth of transfer.

[ranochigo]

And at the same time, before the transfer gets confirmed, your 1 billion USD worth of Bitcoins could suddenly become a few hundred million less. While it's true that Bitcoin has quite a few upsides, you can't deny that there are some intrinsic advantages to fiat that Bitcoin can't match. I'm not dissing Bitcoin or anything but when the market isn't regulated and backed by anyone, Bitcoin would remain this volatile for a very long time.

[Bitcas]

Beatiful!

[Gandam23]

Bitcoin is very unique just simply because you can easily gain profit if price pumps up but also you must need to know the consequences of it just like for example when the price of dumps
it will automatically deduct your funds that you have buy in the bitcoin so it would be good if you will be knowledgeable about this kind of things.
And also the most essential here is this is a a digital currency in which you can just store money through online no need to go into banks to store money.

[LUCKMCFLY]

If it is a great advantage, as well as if it is done through a bank, the alarms would go off, and they would start looking for the origin of the funds, in Bitcoin not only is the fee low but the transaction is safe and very fast , this is one of the great wonders of the world.

If you have credit cards, the same problem occurs, you cannot make such large transactions because it is most likely that the card will be blocked or will not allow the operation.

[Oasisman]

Transfer of more than 1 billion, US dollars, and a commission of 0.7 cents.

Which bank will allow you to do as well?
That is why bitcoin is a great creation.


https://www.blockchain.com/btc/tx/b36bced99cc459506ad2b3af6990920b12f6dc84f9c7ed0dd2c3703f94a4b692

Even though everybody is totally aware about how great Bitcoin is in terms of transferring any amount to another address, but I just cant help but to be amazed how massive those figures are. That went through directly without any questions that banks usually do even with only hundreds of thousand dollars that an individual possessed, but with Bitcoin, nothing is impossible lol.
Who ever owns that wallet surely is one of the biggest fish in crypto space if not the biggest.

[GDragon]

Yeah, it's cool, but you can't really advertise Bitcoin with this alone. Just try to tell people on the streets that Bitcoin allows you to move billions without any additional verifications and for low fee - most people will scratch their head and ask "why would I need that? I don't have billions of dollars". So, if you talk about this, it's important to point out that this is an example of censorship resistance and decentralization, and $1 or 1 billion - it's all the same for Bitcoin's protocol.

Right, it may be very convenient for those people who have access to a phone and internet, and to those who have a large sum of money to send. But for those who live day by day, they won't be interested, they will always choose fiat. Unfortunately, this unique and very convenient asset of bitcoin is the very same thing why some governments are not willing to accept bitcoin as a currency. They think they need to regulate it, tax it more, and they also think that it can be easily used illegally.

[Question123]

For the billions of money they transfer with the ude of the bitcoin the transaction fee is very high but the bank once you process that amount of money they have long proceddue and many requirements and a loy of question before you get your money.

The fee of bank also is very big so that's why many people now are see the advatanges of having bitcoin for investment and also for making transaction .

[Wexnident]

That's just one part of it tbh, and only a minority would actually acknowledge that fact. Do remember that majority of the people in the world don't even have the chance to actually earn more than a million dollars (Save up). Most of the uniqueness of BTC comes from it being a digital currency, it pretty much gives you anonymity when doing transactions and well, pretty much a lot easier to use compared to fiat. Being decentralized as well gives you quite a lot of freedom when using it.

Right, it may be very convenient for those people who have access to a phone and internet, and to those who have a large sum of money to send. But for those who live day by day, they won't be interested, they will always choose fiat. Unfortunately, this unique and very convenient asset of bitcoin is the very same thing why some governments are not willing to accept bitcoin as a currency. They think they need to regulate it, tax it more, and they also think that it can be easily used illegally.

It's just a matter of time tho imo. Mobile Phones and Internet access are almost considered included to the things that a person must have, though relatively, it has lower importance compared to food,water, clothes and the like, it has higher importance compared to the rest.

[witcher_sense]

And at the same time, before the transfer gets confirmed, your 1 billion USD worth of Bitcoins could suddenly become a few hundred million less. While it's true that Bitcoin has quite a few upsides, you can't deny that there are some intrinsic advantages to fiat that Bitcoin can't match. I'm not dissing Bitcoin or anything but when the market isn't regulated and backed by anyone, Bitcoin would remain this volatile for a very long time.

You missed that part about fiat when your billion of dollars are slowly losing its value and you can't stop this, you even can't use these dollars as store of value. You think that dollar is stable, but its stability is merely delusion. When demand for dollars increases, the FED enlarges supply, which means regulated and backed for you. Demand for bitcoin is not stable right now, it can fluctuate throughout a day, but supply remains the same, no one can control it and produce more in response of increased demand. Thats why bitcoin is volatile, it is discovering a price until adoption is finally spread enough for stable demand.

[CarnagexD]

Bitcoin is one of the most profitable things we have because it lessens the transaction fee and this is good well to us because like if you are trying to make the transfer for over 5k dollars of bitcoin over the other wallet, it does not require too much transaction fee most of the time it consumes more or less over five dollars just a few, and this is what I like in bitcoin also you can use the bitcoin to other kinds of stuff because there are a lot of stores today accepting the use of bitcoin payment just sending the address or just scanning the barcode and immediately it is directed to their funds as payment

[shoreno]

And at the same time, before the transfer gets confirmed, your 1 billion USD worth of Bitcoins could suddenly become a few hundred million less. While it's true that Bitcoin has quite a few upsides, you can't deny that there are some intrinsic advantages to fiat that Bitcoin can't match. I'm not dissing Bitcoin or anything but when the market isn't regulated and backed by anyone, Bitcoin would remain this volatile for a very long time.

You missed that part about fiat when your billion of dollars are slowly losing its value and you can't stop this, you even can't use these dollars as store of value. You think that dollar is stable, but its stability is merely delusion. When demand for dollars increases, the FED enlarges supply, which means regulated and backed for you. Demand for bitcoin is not stable right now, it can fluctuate throughout a day, but supply remains the same, no one can control it and produce more in response of increased demand. Thats why bitcoin is volatile, it is discovering a price until adoption is finally spread enough for stable demand.

i dont believe of such  stable demand .  people also sells and people also quits on btc but there are also enters  so it simillars to unstable just like its price   .

 also we missed the part that btc can go down upon sending or transfering your btc but this isnt a problem anymore because the value of btc can always regain but what important here is that you can transfer huge sums in a less hassel way plus you also save a tons of fees  compare to when using other money transfer methods  .