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Author Topic: Some of the benefits of Bitcoin ...  (Read 1797 times)
Shiftal
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October 20, 2020, 10:11:34 AM
 #121

The reason why you should opt for any cryptocurrency (Bitcoin, Ethereum, Litecoin, XRP )The world’s economy is certainly moving towards a digital eco-system. From investment to money transfer, the whole transactions is going paperless as it is now the quickest way to transmit from anywhere to everywhere. Since the cryptocurrency is not issued by a central authority, so the government can’t seize it.

Here are a few benefits behind it.

One of the major benefits is the Low Fee. In comparison to the common method of bank transfer, the fees charged by the crypto exchange are very low and due to low fees on every transaction cryptocurrency has been quickly gaining the public eye.
Secure your Personal Data-A cryptocurrency payment process along with a third party (Any Best Exchange) will typically want your name (and shipping address for the delivery of physical goods), but the rest of your information will stay private as long as you don’t connect your bank or credit card account and transact solely in BTC.

Cryptocurrencies are a more reliable digital cash option and are perfect for mobile payments by default due to their virtual, decentralized nature.
It has been estimated that 20 million people worldwide own cryptocurrency. Most others have heard of bitcoin and plan on adding it to their portfolio.
Blue MoonFlower
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October 20, 2020, 10:31:46 AM
 #122

The reason why you should opt for any cryptocurrency (Bitcoin, Ethereum, Litecoin, XRP )The world’s economy is certainly moving towards a digital eco-system. From investment to money transfer, the whole transactions is going paperless as it is now the quickest way to transmit from anywhere to everywhere. Since the cryptocurrency is not issued by a central authority, so the government can’t seize it.

Here are a few benefits behind it.

One of the major benefits is the Low Fee. In comparison to the common method of bank transfer, the fees charged by the crypto exchange are very low and due to low fees on every transaction cryptocurrency has been quickly gaining the public eye.
Secure your Personal Data-A cryptocurrency payment process along with a third party (Any Best Exchange) will typically want your name (and shipping address for the delivery of physical goods), but the rest of your information will stay private as long as you don’t connect your bank or credit card account and transact solely in BTC.

Cryptocurrencies are a more reliable digital cash option and are perfect for mobile payments by default due to their virtual, decentralized nature.
It has been estimated that 20 million people worldwide own cryptocurrency. Most others have heard of bitcoin and plan on adding it to their portfolio.

Indeed. We are now highly digitalized and Bitcoin has a lot of things to offer for us. So many benefits as often mentioned and as for me, it really made me have the feeling of always pursuing my goal, the hunger to strive more harder to gain more profits and to have a financial freedom one day.
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October 20, 2020, 11:03:05 AM
 #123

The reason why you should opt for any cryptocurrency (Bitcoin, Ethereum, Litecoin, XRP )The world’s economy is certainly moving towards a digital eco-system. From investment to money transfer, the whole transactions is going paperless as it is now the quickest way to transmit from anywhere to everywhere. Since the cryptocurrency is not issued by a central authority, so the government can’t seize it.

Here are a few benefits behind it.

One of the major benefits is the Low Fee. In comparison to the common method of bank transfer, the fees charged by the crypto exchange are very low and due to low fees on every transaction cryptocurrency has been quickly gaining the public eye.
Secure your Personal Data-A cryptocurrency payment process along with a third party (Any Best Exchange) will typically want your name (and shipping address for the delivery of physical goods), but the rest of your information will stay private as long as you don’t connect your bank or credit card account and transact solely in BTC.

Cryptocurrencies are a more reliable digital cash option and are perfect for mobile payments by default due to their virtual, decentralized nature.
It has been estimated that 20 million people worldwide own cryptocurrency. Most others have heard of bitcoin and plan on adding it to their portfolio.

Indeed. We are now highly digitalized and Bitcoin has a lot of things to offer for us. So many benefits as often mentioned and as for me, it really made me have the feeling of always pursuing my goal, the hunger to strive more harder to gain more profits and to have a financial freedom one day.
Well hope every people in the world realized that and specially the government because those are the only hindrances why we cannot reach the top.
we are keeping behind the target because of denial from the government and the people who have already heard about crypto currencies.

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October 20, 2020, 11:25:07 AM
 #124

Bitcoin is a decentralized currency which is not control by the government.
Here are some of bitcoin benefits:
1) Good trader: Good trader is one of the bitcoin benefit someone can achieve in the areas of market. Before someone can become a good trader show that the trader has experience so many things in the place of trading.
2) Good rank: A good rank in the forum is also a good benefit someone can achieve to improve in the platform.
3) wealthy: Using bitcoin to invest in different project can help you to become a wealthy man or woman in the country. Many people has achieve so many things in this platform to grow their businesses.

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tanjiran
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October 20, 2020, 11:46:51 PM
 #125

---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
That is why Bitcoin is anti-mainstream, many of the innovations it provides can overcome various problems in the current financial system. multi-functional can be used as an investment tool, trading commodity, and alternative payment, although its adoption is still limited. With all these benefits, users can get security, confidentiality, and transaction transparency. Very effective, even though there are some obstacles that are afraid of many people such as high volatility. Doesn't everything have a risk? as long as we are able to adapt, we can certainly minimize the risk.

tippytoes
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October 20, 2020, 11:54:31 PM
 #126

---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
That is why Bitcoin is anti-mainstream, many of the innovations it provides can overcome various problems in the current financial system. multi-functional can be used as an investment tool, trading commodity, and alternative payment, although its adoption is still limited. With all these benefits, users can get security, confidentiality, and transaction transparency. Very effective, even though there are some obstacles that are afraid of many people such as high volatility. Doesn't everything have a risk? as long as we are able to adapt, we can certainly minimize the risk.

A lot of people are hesitant with bitcoin because of the usual reasoning of volatility and aside from that the duration/fee of transaction. But if they will use other alts like maybe xrp or doge as payment, they won't complain much about the volatility and tx duration. But the problem is, btc is the most popular crypto up until this day, so it is hard to introduce other coins to the mainstream consumption. But if more and more people and merchants will patronize the usage of btc as payment, I guess those volatility factors will not be a question anymore from the users.
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October 20, 2020, 11:59:11 PM
 #127

I agree that Bitcoin demand continues to increase, because Bitcoin does have several benefits. There are several benefits that I feel
for myself, such as profitable for investment, easy to use, has low transaction fees for sending funds abroad, can be used as payment
and is safe for transactions. With some of the benefits I mentioned, make people interested in learning Bitcoin and in the end trust
Bitcoin more as an investment than any other asset.

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October 21, 2020, 02:36:16 AM
 #128

Personally I am getting benefits from Bitcoin. In different situation, I use Bitcoin. As a large number of online shops are offering products for Bitcoin, I buy without any hassle. Besides, the transaction of Bitcoin saves my time and money.

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October 21, 2020, 03:29:33 AM
 #129

The benefits of keeping Bitcoin are certain.
1, Bitcoin has worldwide payments. You can go anywhere in the world and spend Bitcoin when there is support or you can sell Bitcoin through OTC channels.
2, The chart of Bitcoin is always the bullish trend of Bitcoin, accounting for the majority of the movement and development of Bitcoin, so there will always be an opportunity to increase prices. Bitcoin is a good long-term investment.
3, Bitcoin is highly valuable and safe when stored properly. You can store millions of dollars in Bitcoin without any risk since Bitcoin's network is very safe and secure.
4, Bitcoin against currency collapse, history has seen Venezuelan citizens overcome currency collapse in Bitcoin.

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October 21, 2020, 05:48:53 AM
 #130

The benefits of keeping Bitcoin are certain.
1, Bitcoin has worldwide payments. You can go anywhere in the world and spend Bitcoin when there is support or you can sell Bitcoin through OTC channels.
2, The chart of Bitcoin is always the bullish trend of Bitcoin, accounting for the majority of the movement and development of Bitcoin, so there will always be an opportunity to increase prices. Bitcoin is a good long-term investment.
3, Bitcoin is highly valuable and safe when stored properly. You can store millions of dollars in Bitcoin without any risk since Bitcoin's network is very safe and secure.
4, Bitcoin against currency collapse, history has seen Venezuelan citizens overcome currency collapse in Bitcoin.

Bitcoin possibly gives you an advantage if you believe in it. Never fault bitcoin if you're losing cash; nobody drives you to make profoundly contribute with it.
I saw peoples relying upon bitcoin, and when they see the market is falling, they begin mishandling it.

On the off chance that you need something with bitcoin, you need to contribute something as well.
Contribute your time and spotlight on the market. Obviously, bitcoins have lots of advantages, yet consequently, we need to give something as well.

+_-
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October 21, 2020, 10:33:59 AM
 #131

This currency would benefits from the fact that it is an international standard. The value of your government would not be exposed to inflation, whether or not it is doing well or badly. To spend it in one country or another, you would not have to pay special fees. You don't have to trust the banks to keep it, you can keep it on your own.
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October 21, 2020, 11:06:40 AM
 #132

Personally I am getting benefits from Bitcoin. In different situation, I use Bitcoin. As a large number of online shops are offering products for Bitcoin, I buy without any hassle. Besides, the transaction of Bitcoin saves my time and money.
Agree, the ease of buy and sell of Bitcoin cannot be over emphasis but also include it conveniences while make purchase online. Most of my purchase these days are done online through Bitcoin becasue of it high level of privacy. This is the best i have ever wanted in any payment method online and Bitcoin gave that to me. Also, the freedom this Bitcoin gave is second to none.
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October 21, 2020, 11:33:55 AM
 #133

Personally I am getting benefits from Bitcoin. In different situation, I use Bitcoin. As a large number of online shops are offering products for Bitcoin, I buy without any hassle. Besides, the transaction of Bitcoin saves my time and money.
Agree, the ease of buy and sell of Bitcoin cannot be over emphasis but also include it conveniences while make purchase online. Most of my purchase these days are done online through Bitcoin becasue of it high level of privacy. This is the best i have ever wanted in any payment method online and Bitcoin gave that to me. Also, the freedom this Bitcoin gave is second to none.
so you are lucky that living in country that has accepting Bitcoin but the problem are those who lives in limited access to use their bitcoin mate.
But still this is an advantage and must be thankful
This currency would benefits from the fact that it is an international standard. The value of your government would not be exposed to inflation, whether or not it is doing well or badly. To spend it in one country or another, you would not have to pay special fees. You don't have to trust the banks to keep it, you can keep it on your own.
but those also the reason why governments hates Bitcoin to be legalized because they cannot put strings on this and cannot make taxes.

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October 21, 2020, 02:10:35 PM
 #134

~
Sadly, there are only like countable number of merchants here in my country that accepts it as a payment method.
Many would still prefer the traditional way of holding local currency because it's what they got used to do in making simple transaction. Kudos to those who were willing to take the risk to adopt it even if it was an unstable currency.
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October 22, 2020, 12:37:57 PM
 #135

One of the main benefits is privacy that is the first and most important and second are remittances that if it is the great boom
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October 22, 2020, 02:43:18 PM
 #136

Bitcoin has a lot of benefits, and the privacy of your wallet is already on your bitcoin wallet and how you can handle your security. Bitcoin transfer online or payments online is more likely popular when it comes to cryptocurrencies and it is used nowadays especially pandemic. People are more likely to used online payments and online transfer for them to give some help to their relatives.
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October 22, 2020, 02:58:32 PM
 #137

Bitcoin has a lot of benefits, and the privacy of your wallet is already on your bitcoin wallet and how you can handle your security. Bitcoin transfer online or payments online is more likely popular when it comes to cryptocurrencies and it is used nowadays especially pandemic. People are more likely to used online payments and online transfer for them to give some help to their relatives.
Bitcoin has been very advantageous in this time of pandemic because with just one click online, your transaction will be successfully send safely and secured as long as internet connection is stable. Aside from having a convenient online transaction, bitcoin is also known as a good store of value and a good investment for our retirement. But bitcoin has also its own risks so make sure to study it first before using it.
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October 22, 2020, 03:10:20 PM
 #138

Bitcoin is popular due to it's important in society, the currency has values and it can be secured in different dimension to avoid lost because its decentralized currency, so therefore government can't control its functions in cryptocurrency transactions, in another hands bitcoin is influential because of it's regularisation in price and investment which can yield profit to whom ever that adventure into it with precautions and finance which can attributes a source of getting rich within a period of time.


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October 22, 2020, 03:33:32 PM
 #139

Personally I am getting benefits from Bitcoin. In different situation, I use Bitcoin. As a large number of online shops are offering products for Bitcoin, I buy without any hassle. Besides, the transaction of Bitcoin saves my time and money.

This is really great is your country has a lot of users of bitcoin or other crypto currencies. But in terms of other countries where the number of users of bitcoin is so low, the acceptance of it is also low and we can't always use to things we wanted to that is why we are stucked on using fiat, we can convert some of it though to cash and use that.

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October 22, 2020, 04:04:03 PM
 #140

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 indeed useful in different ways like investing, trading and online payment method. It's very helpful during the pandemic because it become an alternative source of income of many people who lost their job because of covid 19. And now it  become more popular all over the world. The adoption also increasing like it's value.

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