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Author Topic: Some of the benefits of Bitcoin ...  (Read 1735 times)
Leviathan.007
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October 12, 2020, 08:20:11 AM
 #61

There are actually many benefits you can take from bitcoin depending on your usage and situation. But generally, for many people the most important thing is the privacy protection. Since, bitcoin is the first asset made on blockchain and it's PtP this will give a very nice environment for the people who seek to find the best financial market for their privacy. In the other hand, if you country is under sanctions by some other countries and you are having problem with transferring money, bitcoin will easily solve this problem by providing a borderless financial network for the users.

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October 12, 2020, 08:27:21 AM
 #62

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.
This is if you are living in place where Bitcoin was adopted or open for payments then there is no case and the benefits is really indeed.
But if you are from countries in which the usage of crypto is limited and even sellers online don't recognized this currency?
let us find benefits that the majority will taste and not for limited places.

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October 12, 2020, 09:05:45 AM
 #63

Benefit of Bitcoin mentioned in the opening post, used to buy things online with Bitcoin, only applies to countries that accept Bitcoin
as payment. Even though there are still a few countries that accept Bitcoin as a means of payment,  and the number of merchants
who accept Bitcoin payments is still small. So the benefits of Bitcoin that really make Bitcoin more popular in my opinion are providing
privacy of transactions,and also Bitcoin as a store of value, especially in a pandemic situation like now, investing in Bitcoin is very profitable.

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October 12, 2020, 09:15:49 AM
 #64

Right now there are a lot of benefits with the use of the bitcoin, and this is the reason why most of the people are using this coin, I think I can write down some of them.

1. No tax - this prevents to pay a large amount if you are transferring your funds.
2. Fast transaction and transparent - you can monitor the transaction if this is already confirmed
3. Can use to buy real things - there is some crypto platform support buying stuff with the bitcoin.
4. Secured - with the use of the bitcoin wallet.

There are a lot of benefits with the use of bitcoin, also based on my experience this is the reason why I'm using the bitcoin too.


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October 12, 2020, 02:12:27 PM
 #65

investment that can be profitable and transact without relying on third parties, by keeping a lot of Bitcoin in your wallet is the best investment at this time. maybe this is one of the advantages of Bitcoin that I feel.
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October 12, 2020, 02:50:42 PM
 #66

Many bitcoin fans must already know the advantages of bitcoin. I feel the benefits of bitcoin from long-term investing, we buy bitcoin when the price decreases and hold it for a long enough time until the price is much more expensive, so we get very much profit.
Another advantage of bitcoin is that we don't have to panic if we want to sell bitcoin in the crypto market because there are so many users and buyers of bitcoin in the crypto market.
if we visit a country that has accepted bitcoin as a means of payment, we can buy something with bitcoin in that country.

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October 12, 2020, 04:18:54 PM
 #67

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.
In my opinion there are also so many reason why Bitcoin is so much popular among people all over the world. Bitcoin is the most potential crypto coin. By holding this coin for long term anyone can make profit. No one can trace its transaction. You can buy so many things by Bitcoin.

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October 12, 2020, 04:23:40 PM
 #68

Honestly bitcoin is not that big help. All we are saying it as best tech because it has some unrestricted territory which real currency doesn't allow while using. You know unlimited ways of earning it, anonymous spending and volatile trades etc. However, in grim reality this is tiny portion that we are enjoying out of this tech. I always thought within ten years bitcoin will set a world record in terms of its use and will put visa and MasterCard company out of business.

However, still after ten years bitcoin looks like hell and visa company is faster in terms of processing power.

I love bitcoon too but in a way which doesn't help much.
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October 12, 2020, 04:37:20 PM
 #69

Honestly bitcoin is not that big help. All we are saying it as best tech because it has some unrestricted territory which real currency doesn't allow while using. You know unlimited ways of earning it, anonymous spending and volatile trades etc. However, in grim reality this is tiny portion that we are enjoying out of this tech. I always thought within ten years bitcoin will set a world record in terms of its use and will put visa and MasterCard company out of business.

However, still after ten years bitcoin looks like hell and visa company is faster in terms of processing power.

I love bitcoon too but in a way which doesn't help much.
I used to believe that bitcoin is really revolutionary and it will change the world. However, Years has passed and bitcoin is still bitcoin when i first learned it. I also that it will replace the fiat money lol. The things that i find really useful in bitcoin are its anonymity and its volatility, in which you can use to earn money.

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October 12, 2020, 11:24:55 PM
 #70

There are indeed lots of benefits that Bitcoin can do provide which makes people choose to engage into it most specially at this time of our current situation is on crisis wherein people tend to switch from fiat going to Bitcoin on a belief that they can somehow save up their funds that have suffered from the negative impact that the pandemic have brought to the stock market. Not just that, opportunities are present as long as you are willing to learn on how you can work it out to make your funds become profitable by doing different Bitcoin related works.

The benefits that the OP have said like paying using Bitcoin on online transactions and purchasing goods are the privileges that are being experienced by those people who resides into those countries where Bitcoin usage is widely adapted. But for those people living on countries where there is just less adaption, privileges are only limited for the demand of using it is not exclusive to all which is in need to still convert from Bitcoin going to fiat currency.

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October 13, 2020, 02:27:23 AM
 #71

I use bitcoin to make payments for my transactions on Amazon and Alibaba. It's so much fun and so easy. I prefer bitcoin rather than paypal. I thought, that many people like me, use Bitcoin for online payment transactions between countries
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October 13, 2020, 03:20:53 AM
 #72

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.
Good that you mentioned those few benefits of bitcoin and that is about our financial freedom here and not like in Banks or using fiat.
I use bitcoin to make payments for my transactions on Amazon and Alibaba. It's so much fun and so easy. I prefer bitcoin rather than paypal. I thought, that many people like me, use Bitcoin for online payment transactions between countries
as long as it is available of course everyone will follow you but you know that only few countries has that option in using their bitcoin or other crypto in their online transaction.









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October 13, 2020, 03:35:25 AM
 #73

The benefits of Bitcoin are uncensorable and unreversible transactions, and to a certain degree the ability to remain anonymous. It lets individuals control how there money is spend, free from the regulations and controls of authoritarian regimes.

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October 13, 2020, 03:55:07 AM
 #74

I think the main benefit of Bitcoin is sending money without borders. Also anyone can invest in Bitcoin from a minimum amount and that is a great privilege that we enjoy when we make online payments. The fees applied to transactions are cheaper and faster if we compare them with international banking transactions, in addition to avoiding the paperwork involved in making a bank request. Bitcoin created us the digital world in finance I could say.

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October 13, 2020, 03:55:50 AM
 #75

The benefits of Bitcoin are uncensorable and unreversible transactions, and to a certain degree the ability to remain anonymous.

calling those all benefits sounds a little bit wrong in my ears .  being uncensored means our transacion is expose in the world and being ireversible means once lost is lost but except maybe to being anonymous , many people loves to be anonymous .

bieng ireversible and being anonymous is what criminals like but they dont like being uncensored . this is what makes bitcoin interesting because it can fit for two kinds of people , one is good and one is bad but at the same time theres also some disadvantages that they must accept if the want to continue using a btc .
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October 13, 2020, 04:25:54 AM
 #76

The freedom and benefits of bitcoin as an investment and bitcoin do not involve the government or financial institutions in carrying out its operations, and are profitable enough to be used as an investment instrument and free from all regulations that bind bureaucratic institutions.
and has other advantages such as, free of charge and inflation, worldwide use and fast processing, minimum surcharge, very profitable and so on.

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Sapphire915
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October 13, 2020, 08:10:09 AM
 #77

Definitely bitcoin has a lot of benefits to us who keeps on trusting, believing and using its awesome features. The benefits and profits it gives are beyond our expectations that it really gives our lives financial freedom aside from being the easiest payment method in digital stores and alike. Now, the trend and popularity in the market are unstoppable and the adoptions are getting much wider across the globe. And this is because a lot of individuals are getting more profits and benefits each day with just the comfort of their homes.
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October 13, 2020, 09:05:17 AM
 #78

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.

I agree with you on the benefits of bitcoin that you outlined here, only that you mentioned just a few of the numerous benefits of bitcoin.
You didn't mention that bitcoin is a actually a form of investment for Hodlers especially those who hodl for a long time. Bitcoin has also created a means of living for people we call traders. Many traders have even taken trading as a full time employment, making the most of the movement of the market, although one needs the required skills and knowledge to be a good trader.
You should also know that another benefit of bitcoin is the freedom it gives its users. Bitcoin users are relieved to know that their money isn't controlled by the government.

Crptomagma
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October 14, 2020, 05:27:16 PM
 #79

Bitcoin is becoming man closest and easy currency because of it’s digital flexibility.The use and benefits of Bitcoin is very vast with its anonymous transactions. In term of investment bitcoin gives the investor(s) advantage of having access/ authority to all transactions without any control from banks and other centralized institutions that governs every other currency around the world, these automatically puts every bitcoin investor in charge of his/her money using the bitcoin wallet and keeping all security details secret.

Bitcoin can be used in different functions and is not limited to any investment or savings platform, it’s also key to know that bitcoin is a decentralized currency and with that conscious it’s important for investors to keep their wallet details secret and personal. So many times the problem people encounter in bitcoin is security and most error transactions are not traceable as its only uses wallet address.

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October 14, 2020, 10:47:55 PM
 #80

Bitcoin has a lot of benefits and one of it is being taxless. We can easily make transaction without paying tax though there are some fees that we need to pay in order to transfer cryptocurrencies from wallet to another wallet but these fees can be low or high depending on your choice. Bitcoin makes our life easier than before. It can also secure our anonymity during transactions which is a good thing for those who want to be anonymous.
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