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Author Topic: List Of Benefits and Opportunities With Bitcoin  (Read 329 times)
worldtraveller321
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April 06, 2021, 08:43:35 PM
 #1

What would be all the ways one can Benefit from Bitcoin and other cryptocurrencies?

What types of opportunities do you think Bitcoin creates for everyone?

When I say ways. I mean things like - trading - HODL - earning - doing content creation - creating a coin - working in blockchain etc.

I know also you can earn interest with Bitcoin such as staking etc.

Can Bitcoin create careers and jobs within the ideals?

Can Bitcoin advance one's well been?

what types of lists can you all come up with?

What benefits have you seen from Bitcoin?

What type of opportunities have you experienced or do you for see with Bitcoin

Perhaps What types of people should be involved?


Look forward to all your thoughts too.

Descriptions are also welcome.

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April 06, 2021, 08:51:33 PM
 #2

What benefits have you seen from Bitcoin?
It is a decentralized peer to peer network, which is immutable. What benefits one can get from it depends on how they choose to use it; whether as a speculative asset or as an investment.
Do not expect Bitcoin to change economies or to be means to bridge the wealth gap.

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April 06, 2021, 09:02:35 PM
 #3

think of it as:
a tax haven without the need to be a big business with shell companies
a stock/share without the need of a fund manager
a retirement reserve without the need of a policy
a inheritance plan without the need of a will
a international currency without the need of a bank account
a deflationary asset to hedge inflationary fiat
a casino token to gamble without the local fiat laws


opportunities
find a drop shipper. advertise products priced in bitcoin, get dropshipper to handle the distribution logistics
offer your skill, talents. knowledge in exchange for bitcoin
make games/apps that use bitcoin
start different projects

with fiat. starting a business means you need a business bank account which usually intel's you having to submit a business plan and have credit checks and criminal checks.
however you can start a business and receive bitcoin without all that hassle
you can sell internationally without needing to register in every country your trade to

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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April 06, 2021, 09:14:47 PM
 #4

What benefits have you seen from Bitcoin?
Isn't that obvious (I mean the benefits).

1. Decentralized (no central authority control)
2. Built with open source codes
3. Deflationary
4. Limited supply
5. Easy cross border payment
6. Employment
7. Because of bitcoin, altcoins also evolves
8. And many others.

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April 06, 2021, 09:34:55 PM
 #5

Your title is misleading, you're actually asking how to make money with Bitcoin.

To answer that, there's a lot of topics on this forum and articles on the Internet about this subject. But from my experience, the opportunities are very scarce, and generally it's better to earn fiat currency and buy Bitcoin with it, rather than trying to earn Bitcoin directly.

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April 06, 2021, 10:11:45 PM
 #6

List Of Benefits:

#1 The speed in which your money can be sent/received. You can get your money to the recipient before they even finish typing your name. This is something that traditional banks do not offer.

#2 Bitcoin can be transferred from one currency to another, anywhere in the world for a small fee. This means there is no need for a third party, in order for the transfer to occur. This is an advantage for those living in third world nations, which rely heavily on online banking.

#3 More financial privacy. You are not required to reveal your identity when you transfer or trade with bitcoin.

#4 Decentralization; No central administration or authority. The network is managed by a huge and diverse group of people which makes any rules that are put into place very difficult to change.

#5 Security. To ensure the validity and integrity of transactions, Bitcoin utilizes a private and public key cryptography.

#6 Transparency. Bitcoin is probably the world's most transparent payment network. All transactions are public, traceable, and permanently recorded in the blockchain.

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April 07, 2021, 08:04:29 AM
 #7

What benefits have you seen from Bitcoin?
Personally, allowed me to connect to the online world in terms of shopping, earning and etc...
- I happen to be partly from a country that is heavily sanctioned and since I can't use [whenever I'm visiting one of my countries] PayPal and most of the other payments services, with the help of BTCitcoin, I was able to overcome such issues.

Perhaps What types of people should be involved?
I'd rather mention what type of people "shouldn't" use it [it's easier] and it's greedy people [they always find themselves to be on the wrong side of things].

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April 07, 2021, 08:22:36 AM
 #8

Well in my experience Bitcoin just gave me a way to buy some stuff overseas (digital and physical stuff) since I was restricted by the mode of payments that I had access to back then. I rarely use it nowadays, but I'd still reckon that I'm going to look it up whenever I need to so it's definitely an option that I'm glad that exists.

When I say ways. I mean things like - trading - HODL - earning - doing content creation - creating a coin - working in blockchain etc.
Well, I think Hodling and earning speaks for itself. Content creation depends though it isn't strictly related to Bitcoin since no one would really pay you to advertise it, it's just your own opinion or reasoning as to why you would do something like that. The most obvious ways would be in its decentralization and security I suppose, and indirect benefits would probably include stuff related to opening up of work related to it? Though it wouldn't benefit all, it'd still help the select few that chose to study up on crypto.

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April 07, 2021, 08:27:44 AM
 #9

Try to think deeply and you will be able to find a lot of opportunities that bitcoin is offering. I think many jobless people are leading their life without hassle by joining with bitcoin and other crypto currency. By earning from bitcoin, you can build your own industry and in your industry, a lot people will be able to work. Bitcoin is future of money and we should take the advantages from it.

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April 07, 2021, 09:26:42 AM
 #10

Your title is misleading, you're actually asking how to make money with Bitcoin.

To answer that, there's a lot of topics on this forum and articles on the Internet about this subject. But from my experience, the opportunities are very scarce, and generally it's better to earn fiat currency and buy Bitcoin with it, rather than trying to earn Bitcoin directly.

You noticed right. It is not the first time that the OP has created a topic with so-called "exciting" questions.
What would be all the ways one can Benefit from Bitcoin and other cryptocurrency?

When I say ways. I mean things like - trading - hodling - earning - doing content creation - creating a coin - working in blockchain etc.

what types of lists can you all come up with?

Look forward to all your thoughts too.


OP, try, after you get the answers to your questions, figure out each point yourself.
And oddly enough there are a lot of advantages, and they all have only positive aspects. Small flaws, the same volatility of bitcoin, it's just a matter of time. Therefore, Bitcoin embodies one big plus and one big benefit.

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April 07, 2021, 09:47:00 AM
 #11

Of course, there are many benefits of Bitcoin, for me I have benefited from Bitcoin in my practical life greatly, by working in the forum and by working in trading and perhaps sometimes staking, I am from a poor country and Bitcoin has given me financial freedom in a realistic way, it has really changed my life.
Thanks to Bitcoin and cryptocurrencies, I can work from home and have a decent monthly income. I can work on many things at the same time and all this brings me great benefits.

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April 07, 2021, 01:20:16 PM
 #12

~
Creating jobs? We got full-time traders here in the market, not sure if there are contractual jobs though, but I am pretty sure there are social groups doing that, maybe not recognized or legalized business. Cheesy

Advance one's being? Seems like you are pointing the utilization of it. It does at some point, though I would say it would be the same level of advancement as credit cards since it involves cashless transaction. The only drawbacks for Bitcoin at that is the lack of adoption we still have. There ain't single physical merchants here in my area that offers payment through Bitcoin just yet.

Benefits I saw? The value and the utilization of it, but again the adoption is still lacking in my area. While on the other side there are digital merchants I can reach to pay with Bitcoin anyway, so it doesn't matter that much. Smiley

Types of people to be involved? Everyone, but I would appreciate if many merchants would step forward.

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April 07, 2021, 02:11:37 PM
 #13

Do you want to make a complete list or what? I don't quite understand why. This may take a long time.

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April 07, 2021, 07:12:43 PM
 #14

Creating jobs? We got full-time traders here in the market, not sure if there are contractual jobs though, but I am pretty sure there are social groups doing that, maybe not recognized or legalized business. Cheesy
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April 07, 2021, 07:55:25 PM
 #15

The benefits of Bitcoin is an entire list, and as there is more adoption, many keeps discovering more benefits. And the fun part of it is that the benefits from any of this discovery is that one can make money from it, just take a look at the NFTs. Of all these, hodling is the best which holds huge interest.
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April 07, 2021, 07:59:13 PM
 #16

Can Bitcoin create careers and jobs within the ideals?

Can Bitcoin advance one's well been?

what types of lists can you all come up with?

What benefits have you seen from Bitcoin?

What type of opportunities have you experienced or do you for see with Bitcoin

Perhaps What types of people should be involved?


Create jobs? Yes, if you do look up the market there are really some demands on blockchain type of jobs but for talking directly with Bitcoin investment and trading then it isnt considered as one.

Bitcoin benefits? Peer to Peer transaction with no 3rd party involvement. Period.
Opportunities? Of course on its actual utility and on the earning opportunity.

People involved? Its free for all. It doesnt really need nor depend on what status you had in life or reputation.Young or old, rich and poor, famous or ordinary people.It doesnt matter.




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April 08, 2021, 02:46:02 AM
 #17

Creating jobs? We got full-time traders here in the market, not sure if there are contractual jobs though, but I am pretty sure there are social groups doing that, maybe not recognized or legalized business. Cheesy
That is a big word, full-time traders is a really difficult job because you have to look out for the market almost 24/7. I would say that bitcoin doesn't create jobs because is just a medium of payment and almost any job can pay in bitcoin if you want it badly but since there are taxes involved, it is pretty difficult to do so.
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April 08, 2021, 05:35:05 AM
 #18

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Can Bitcoin create careers and jobs within the ideals?


Bitcoin cannot create jobs,because Bitcoin is not a company. Grin
I guess that by "Bitcoin" you mean the cryptocurrency industry.The crypto industry can create jobs,but you have to be skilled at programming and web design,in order to be hired.
The biggest benefit of Bitcoin is "being your own bank"(unless you are storing your coins inside a crypto exchange platform).
What do you mean by "jobs within the ideals"?Getting paid a high salary for sitting on your ass in front of a computer all day?No job is ideal.




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April 08, 2021, 06:56:31 AM
 #19

This is just my opinion and experience in Crypto Bitcoin. I have learned a new lesson in investments that have high returns but are not free from high risks either.
Indeed, bitcoins cannot be obtained easily, the way I manage to get bitcoins is by advestising if here it can be called a bounty. The Bitcoin opportunity is promising, but if you depend solely on Bitcoin it is wrong. My advice is if as a businessman when earning from Bitcoin, take 30% for investment, 30% for other businesses, the remaining 40% for saving. Oh yes, Bitcoin is only specifically for people who have buying interest
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April 08, 2021, 07:05:24 AM
 #20

The top on my list is, financial independent bitcoin has given us the freewill to have all financial transactions done without limits or third party involvement.  This couple with the profits that is associate with keeping BTC have given us lots of Interests.

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