Some of the benefits of Bitcoin ...

[Genemind]

Some of the benefits of Bitcoin ...

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.

There are a lot more than that, transferring money via Bitcoin or any other cryptocurrency cuts you cost and delay since there is no third-party or paper works required. However, we cannot leave the fact that there are still services, commodities and goods that are not accessible and payable via crypto. We are too far from mass adaptation, but cryptocurrency is showing a good potential as a medium of exchange as well as investment tool in the future.

[carlisle1]

Bitcoin has several benefits especially the fact that you can make anonymous transactions in a very fast manner. Also, having access to all your funds without any control from banks and other centralized institutions puts every crypto investor full control of his funds.

I am fine with the fact that I am getting profits out of holding it.

Since our country is not that much open in using cryptocurrencies especially Bitcoin, usually I prefer to hold it and keep it for some time. Hold and reinvest when the price is low and sell some when the price is considered profitable. You can't hold fiat and have a profit like Bitcoin.

Actually that lives us no option mate because no available area where we can spend our Bitcoin.

-No store to Buy stuffs.

-No restaurant that accepts either dine in or take out.

-No There are no Services accepting Bitcoin as Payments

So all in all?there are no option But to Hold and this is what we must do for now.

Bitcoin is essential to some or most of us. Like other crypto currencies, it can benefit our own daily life.
Discipline is one of the benefits of the bitcoin. Another one is hard work and determination.

Well said mate,thats why better Keep the Holding or else not to invest in here.

[yupi84crypto]

Therefore, bitcoin is popular and continues to grow its users, because bitcoin has several benefits that are not owned by the another currency.
The first bitcoin can provide profit only by storing it, the second can be used for payments, the third can conduct anonymous transactions, the
fourth can avoid being infected with the corona virus and the fifth has a relatively low cost for the transaction finance between countries.

[Reatim]

Therefore, bitcoin is popular and continues to grow its users, because bitcoin has several benefits that are not owned by the another currency.
The first bitcoin can provide profit only by storing it, the second can be used for payments, the third can conduct anonymous transactions, the
fourth can avoid being infected with the corona virus and the fifth has a relatively low cost for the transaction finance between countries.

All are valid and can be add in Op mate because you have mentioned all qualities that Bitcoin can share in this Pandemic and even in future references .

This pandemic really affect the world of cryptocurrency but it doesnt mean that we will stop here because there are so  many things to consider before surrendering .

Bitcoin is essential to some or most of us. Like other crypto currencies, it can benefit our own daily life.
Discipline is one of the benefits of the bitcoin. Another one is hard work and determination.

Not only our daily life but also the economy of each country if will be allowed and adopted by every governments.

[Nathanz]

Good point. One of the strengths of Bitcoin is that it offers people and its users liberation. You can pretty much do anything with your Bitcoin as there are a lot of online store and other institutions that accepts Bitcoin as a payment. Not to mention that using Bitcoin doesn't really require people to reveal their identity so basically you can use it while staying anonymous.

[samputin]

-snip-

I am fine with the fact that I am getting profits out of holding it.
. . . .

Actually that lives us no option mate because no available area where we can spend our Bitcoin.

-No store to Buy stuffs.

-No restaurant that accepts either dine in or take out.

-No There are no Services accepting Bitcoin as Payments

So all in all?there are no option But to Hold and this is what we must do for now.

This is also the case in our country. You've pointed it all out. That's why, just like you and the others, I am still holding my bitcoins.

But, there are really times when I need to buy some things online or send money to someone as transaction so what I do is convert some of my earned bitcoins to our currency. I'm still hoping though that many merchants will consider accepting cryptos as a mode of payment in the near future.

[Sanugarid]

In the present age, we are all more or less connected to the Internet, many can not do without the Internet. Bitcoin is one of the popular online coins. Bitcoin has many benefits. We can invest in Bitcoin and earn money from it. With Bitcoin we can make various payments very fast and without banking hassle. With Bitcoin we can protect the maximum privacy of our assets.

Online selling now grows quickly as the pandemic is getting worse and quarantine is getting longer on which I think bitcoin would be useful if we use it properly. But the question is, do people are willing to buy in form of bitcoin? as for my opinion they would not simply because of the future value that bitcoin could be priced. Bitcoin could make an easy transfer of course from peer to peer transaction, however doing it with banks is easier plus the transaction fee of bitcoin right now is surging, not ideal for a small transaction.

Money earned from Bitcoin can be easily withdrawn and spent.

This is the reason why people are hesitating to spend their bitcoins, coz they just hold it, more likely a form of investment.

[Leviathan.007]

There are many benefit you can get when you start using bitcoin as a payment method. the main benefit than be the privacy, since you can increase the security after using a simple mixer none can track your payments easily. and the other benefit is the totally supply, we all the governments are printing money without any limitation and decreasing the value of the money like this, but in the other hand bitcoin's total supply is completely fixed and can't be changed. even in 2140, there will be only 21m lucky people who own one single bitcoin in their wallets.

[Emmychris]

There are so many benefits of bitcoin, bitcoin can be used as a means of payments and it also has a fast transaction, we can actually send any amount of money to our friends or partners in different countries through bitcoin, and bitcoin can also be used as source of income because we can actually make profit from holding or trading with it .

[Assface16678]

Bitcoin has a lot of potentials to make more benefits to its users. Before there are only a few people support this kind of coin because they now it is just as a scamming coin and piece of trash into the world of internet but by the time goes by it is rapidly increasing and becomes popular which is a good thing because now we are supporting the use of it. AFAIK it js over 2017 when bitcoin becomes more popular in the world and the number of investors is rapidly increasing which is a good thing because it helps a lot to increase the market price of the coin pool too.

Today there are a lot of people supporting the use of the bitcoin as the online payment and mode of transaction because this is the most convenient way and does not have too much verification because some of the platform holding the bitcoin or the wallets does not have a KYC which is a good thing.

[MCobian]

Some benefits of Bitcoin in my opinion include Bitcoin can make money by trading, Bitcoin can also be used to buy online goods, Bitcoin transaction
costs are cheaper than fiat for between countries, can make transactions anonymously by using Bitcoin and can be used to make donations to charities.
Those are some of the benefits of Bitcoin that I remember, With the benefits I mentioned, it's no wonder the popularity of Bitcoin is increasing and
more and more peoples are buying Bitcoin right now.

[witcher_sense]

Benefits of using Bitcoin:
1. Bitcoin does not allow any third parties to track, identify or stop transactions.
2. No sales tax are added onto any purchase.
3. Transaction fees is low.

1. Bitcoin blockchain is completely transparent system, so third parties can track and actually do tracking, and are always trying to identify who senders and recievers are. It is true that they cannot stop you from transacting at least on a network layer.
2. It depends on a country you live in. In some countries you should keep records on your purchases and investments.
For example for US citizens:

The IRS has made it mandatory to report bitcoin transactions of all kinds, no matter how small in value. Thus, every US taxpayer is required to keep a record of all buying, selling of, investing in, or using bitcoins to pay for goods or services (which the IRS considers bartering).113

Because bitcoins are being treated as assets, if you use bitcoins for simple transactions, such as buying groceries at a supermarket, you will incur a capital gains tax (either long-term or short-term depending on how long you held the bitcoins).

Source: https://www.investopedia.com/articles/investing/040515/are-there-taxes-bitcoins.asp
3. Transactions fees are only relatively low. If you wish your transaction to be included in the next block, sometimes you have to pay high fees.

[Bitcoinislife09]

Bitcoin most popular because of volatility. We are getting advantage of bitcoin volatility and making money. There is many more technical benefits but honestly most of us like bitcoin for above reason. As you said wallet protect privacy which isn't, bitcoin itself protect your privacy if you do not expose your address to others. Wallet just for control your funds, if you use web wallet then it would expose your privacy by so called KYC system. Main technical benefits are you don't need any third party to transfer your fund to anywhere on the world at any time without any central organisation.

Yes, I agree because of volatility the bitcoin really rise up. Through this bitcoin volatility we can get so much money and of course advantages. In here we could get so much money. But then bitcoin is really dangerous when it comes to our investments. Through the bitcoin addresses someone can get personal informations from you so we must always be careful. As a bitcoin user you must always be smart in giving personal informations in different websites. Your bitcoin addresses is really important to make your bitcoin secured. Online wallets or web wallets are far more dangerous and more likely to be hacked that is why we must always be careful.

[plvbob0070]

Of course, bitcoin will have its own positive and negative side. We all see the benefits of bitcoin that is why we remain using it. What you said about bitcoin payments, the traditional currency still remains convenient for most of the people since it is accepted everywhere unlike in bitcoin, most of it is just online but still rare to use it in buying on a physical store.

But other than that, bitcoin is indeed beneficial in many ways just like what others have mentioned. The more we see bitcoin adoption, the more people will recognize the advantage and usage of bitcoin in our lives.

[CoinFoxs]

Yes, Bitcoins offers many benefits like peer-to-peer focus, low transaction fees for international payments as well as digital currencies allow sender or receiver more autonomy over their own money than fiat currencies do. But the main problem is the Bitcoin adoption as we know in many countries trading of cryptocurrency is considered illegal. I believe in near future we would use BTC to make payments as easy as other available methods.

[Raflesia]

Bitcoin has been widely used in various things such as in transactions, investments, short-term trading and also solutions as a fast payment tool even though it's only part of it that uses it for me it has many benefits for us all.
Even our lives can change in our economy because of the existence of bitcoin since I first knew bitcoin, of course I really studied and then found a unique way to be able to take advantage of me in any investment will be done as long as it is profitable even though there is a risk.

[kolbalish]

The more I talk about Bitcoin, the less it will be. This is a blessing for me. I can't confess everything but I have benefited in multiple ways. Bitcoin has taught me to be very patient, charitable. By this I retain acquired to defend the time, I have amassed experience by doing exploration. Isn't that the vital aspect I can earn?

[Xembin]

Bitcoin is a decentralized in the world. Here are some benefit of bitcoin such as:
1) stable: Bitcoin is well stable in terms of pumping in the market that make many people have interest to invest with bitcoin.
2) Good profit: many investors has confirm how bitcoin is very good for investment compare to other cryptocurrencies which their profit is very small.
3) population: Bitcoin is too popular in the market. Bitcoin is good for investment because many investors are use to it in profit making in terms of trading in the market.

[maye5104]

Bitcoin also has some notable drawbacks like volatility and scalability problem, which make it not so good payment method.

[Dsdaq]

Bitcoin has many benefits, especially in the developing countries where there is limited access to the financial infrastructures so Bitcoin offers this financial services easily and fast, that's why its having a wide coverage.