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Author Topic: Some of the benefits of Bitcoin ...  (Read 1528 times)
Dorodha
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October 16, 2020, 09:55:30 AM
 #101

Bitcoin is a completely decentralized currency system neither the government nor any authority controls it. As a result of the peer-to-peer system every user here is the real owner of their bitcoin. No one else can take ownership of their bitcoin network. The advantage of this is that the government has no control over the transaction no need to contact any bank later. The identity is kept secret in the transaction money can be laundered anywhere in a short time the latter can be sold at a higher price through savings.
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October 16, 2020, 10:47:06 AM
 #102

Bitcoin gives us a lot of help in our daily lives, as a normal student, I considered cryptocurrency as my source of income, it helps me to sustain my needs as a person, and as a student, that is how bitcoin help mine in my everyday life. It also helps me to install software that I need in my school. I don't want to install crack software because I have something important data on my laptop and I know that tow loading crack software or application can put your device at risk.
The bitcoin wallet is the one who holds our funds and not is responsible for the privacy of the transaction because the privacy of the transaction is in the cryptocurrency itself.

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October 16, 2020, 12:16:57 PM
 #103

Bitcoin is the most popular innovative idea at this moment and now a days Bitcoin is considering a popular online transaction gateway though its value is fluctuating everytime. Bitcoin is the most secured payment method and its transaction fee is too low than another gateway. That's why prefer is for making online payment.                 

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October 16, 2020, 01:55:36 PM
 #104

Bitcoin is the most popular innovative idea at this moment and now a days Bitcoin is considering a popular online transaction gateway though its value is fluctuating everytime. Bitcoin is the most secured payment method and its transaction fee is too low than another gateway. That's why prefer is for making online payment.                 
To be honest, bitcoin is getting more mainstream. In transactions their is no maximum limit to receive and send. There might be limits on trades site however in bitcoin wallet there is no restriction. You can send million or billion worth of crypto and nobody will actually ask you an inquiry. Also, most significant part all this things will happen with just low transactions fee.

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October 16, 2020, 03:29:09 PM
 #105

hello everyone, I don't really understand bitcoin, I read a lot of posts that just assume and some are posts from trusted sources,

I only know that bitcoin is a digital currency and as a medium of exchange, the important thing is that bitcoin can be converted into fiat.
If you don't really understand what bitcoin is and its technology, you need to read and visit this forum every day and get involved in every discussion that is held. That way you will begin to learn and understand what is on this forum and about bitcoin. Bitcoin is not just a digital currency that can be turned into fiat.
Bitcoin is very unique with technology that will continue to be developed and will be very useful today and in the future.

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October 16, 2020, 06:10:45 PM
 #106

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 still think that there are more people who got benefits from the money side rather than from the features of bitcoin itself.
because the adoption of bitcoin as payment is still low.

with the high volatility and slow confirmation time, I would not count it as an ideal currency.
also due to regulation, it can't be accepted globally.
however, I still love and enjoyed bitcoin.

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October 17, 2020, 03:49:22 PM
 #107

Additionally I can say that only 2 million plus bitcoin is left to be mined and large institutions are showing their interest on bitcoin and investing here.The time is coming very soon when the bitcoin will reach as high as the 'Everest.'

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October 17, 2020, 04:16:20 PM
 #108

Bitcoin have been running over 10 years and profitable. I'm fully confident over Bitcoin that's the reason I would rather go to Bitcoin. The only one I am absolutely certain about would be BTC. It’s the one with the strongest fundamentals and is most likely to have long term longevity. Every other Crypto is subject to change or is too far behind BTC.
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October 17, 2020, 04:39:23 PM
 #109

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.

The only thing that you considered as the benefit of Bitcoin is the main reason on why Bitcoin was created. It was created for transactions and it was used to pay for things electronically. If you wanna say 'Benefit', we must pertain to the things that we can gain in exchange our knowledge of Bitcoin which is financial freedom. As long as we can earn and gain Bitcoin, we are benefiting from that financial stress. Another benefit is the knowledge about the Cryptocurrency Industry which is being utilized thru the Internet.

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October 17, 2020, 04:57:54 PM
 #110

Bitcoin has made a lot of benefits to society and to the financial system. Bitcoin isn't created just to gain more profit on it but because of its unique features, the reason why many people are using it. Blockchain is a next-level technology that super complex but definitely have a good usage.

Many people are already gaining a lot of profit in the finance through trading and investment, and that's mainly because of bitcoin.

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October 17, 2020, 04:58:41 PM
 #111

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.

Bitcoin is now very useful and in terms of benefit, bitcoin play as an alternative source of income. It also one of the easiest way of paying and buying online. You can buy load and other things online using bitcoin, you can pay bills using bitcoin and you can earn more using bitcoin. Transaction in bitcoin is hassle free unlike in fiat money.  I believe ,for the continues development of bitcoin ,it will become more beneficial in the future.

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October 17, 2020, 06:28:35 PM
 #112

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.
Actually bitcoin wallet doesn't protect "the privacy of transactions" a wallet is where you can store your bitcoin, and the main aim of bitcoin was decentralization that's eliminating the middle man in every business transaction,in this case the banks where the middle man in business transactions, so bitcoin came to eliminate them, bitcoin has several other benefits, alot of people call it the digital gold, because it can be used as a store of value, recently companies have started buying bitcoins and using it as a store of value.

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October 17, 2020, 07:03:03 PM
 #113

Bitcoin is an investment medium, when you have bitcoin, your mind is sure to have hope to meet bills and it also has monetary values. During the lockdown period, many people who couldn't go out were investing in bitcoin and as such were not still idle, which they will reap soon. The fact that I'm busy with the bounty also saves me a lot. Bitcoin's privacy is also a good value.
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October 18, 2020, 07:47:46 AM
 #114

what I know is bitcoin is fiat, I got bitcoin so I have fiat, although many say bitcoin is for investment but the main goal is fiat.

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October 18, 2020, 09:03:17 AM
 #115

what I know is bitcoin is fiat, I got bitcoin so I have fiat, although many say bitcoin is for investment but the main goal is fiat.
Fiat is far different from Digital currency mate and Bitcoin is a Digital currency now Fiat,but i know what you mean here is that when you have bitcoin you can convert to fiat or use as payment method right?
in that part you are correct and it is good to have Bitcoin  than Fiat because of the advantage of earning more while you are not spending though it can happen vise versa but things in investing world has that risk.
so either accumulate Bitcoin or stays in fiat mate.
but the main benefits of Bitcoin cannot be seen today but in Future when the world accept it and trusted .

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October 18, 2020, 09:25:24 AM
 #116

Bitcoin is an investment medium, when you have bitcoin, your mind is sure to have hope to meet bills and it also has monetary values. During the lockdown period, many people who couldn't go out were investing in bitcoin and as such were not still idle, which they will reap soon. The fact that I'm busy with the bounty also saves me a lot. Bitcoin's privacy is also a good value.

Good place for investment if you will take time to understand the potential. You can't just blindly invest and suffer once the market begins to act unfavorable to your position.

You'll be able to gain good compensations when you keep tracking the market, aside from this benefits, you'll also have the luxuries using it as alternative fiat when you needed to transact online.

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October 18, 2020, 11:04:22 AM
 #117

Honestly, I can't finish saying the benefits of bitcoin in my life.  Personally, Bitcoin has given me a lot.  Bitcoin has made me financially prosperous.  What I could not do before, I can do it easily now.  But just as Bitcoin has its benefits, so does your fear of losing funds.  It does not protect wallet privacy.  If you do not want to give your address to anyone else, Bitcoin will protect your privacy. The biggest advantage is that it does not require a third party to send it anywhere in the world. You can send your funds anywhere in the world at any time without any central organization.
The latter part of your statement is indeed true. That's one of the characteristics of bitcoin I love the most. The transaction is direct without any third parties. Less hassle, right?

With regards to the former part of your statement, I can relate with that as well. Bitcoin has indeed helped me financially. As I grow older, I realized that earning money is hard especially if you only have one job with minimum salary. That's why I'm just grateful that I have Bitcoin as another source.

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sajedul islam
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October 18, 2020, 04:59:19 PM
 #118

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To be honest bitcoin is not that easy to handle, to think the transaction fee is a bit higher to spend small amount for online shopping. But the advantage of using it privately is completely solid since no names, birthday or whatsoever information needed from sender and receiver.
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To handle Bitcoin, you must keep the Bitcoin wallet or Bitcoin's private key in a safe place.
Bitcoin costs a little more than the unique Crypto
bitcoin may cost a bit more than a unique crypto, but the benefits outweigh the benefits of a unique crypto.

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PancongStreet
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October 18, 2020, 05:35:37 PM
 #119

privacy is indeed number 1 which is the advantage of bitcoin that I really like where I can make transactions that are not known by anyone and are not tracked by other people
besides that the security is very good compared to a bank, it is very helpful so that I am not afraid to lose money if it is not my fault different from a bank where operator error can be fatal and very detrimental to others

Sayma83
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October 19, 2020, 01:03:07 AM
 #120

There are a ton of advantages to Bitcoin truly something other than utilizing it to get a few things on the web !!! Some other coin can be utilized to do this, which makes Bitcoin unmistakable as it is a current budgetary framework in itself made to supplant the degenerate financial framework winning on the planet (as Satoshi himself said), Bitcoin is a store of significant worth, that is, it has an incentive in itself and not simply an approach to shop and this It implies that it tends to be put away with its worth staying (like gold). The most significant thing in Bitcoin is decentralization and protection. It is these things, as I would like to think, that give Bitcoin its ubiquity and force

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