Benefit of bitcoin

[Oasisman]

5) I want new people to know that the advantages of bitcoin investment is higher than the disadvantages if you take your investment plans serious.

Some people consider the advantage and disadvantage something has for them before they decide to either use it or not. With Bitcoins, there are advantages and disadvantages, but like you have emphasized, the advantages of bitcoins are more than the disadvantages. Even with the many advantages, it will still be rejected by some people because they never really try to find out this advantages of bitcoins, some know the advantages but do not just see it as important.

Could you enumerate some of the advantages and disadvantages of investing bitcoin? To justify things out and for the beginners to reflect on? Because, IMO those pros and cons are depends on how you use bitcoin. If you use it as store of value/investment the risks associated with it are all equal with the pros and cons. Pros is you're invested into a highly volatile asset that can give you good profit long term. Cons are, you didn't know how long does it take for you to make profit and there might be a certain point where you lose your faith towards bitcoin because of the prolonged bear market.
Let's just be realistic, it ain't easy investing in bitcoin like the way we think it is.

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[landheer]

talking about bitcoin, of course there are always pros and cons because there are so many people who benefit from investing in bitcoin,
but there are also many people who lose from investing in bitcoin, such as people who buy btc at high prices and sell them at low prices.

so indeed bitcoin has many benefits as long as the person who buys btc is someone who knows about the science of investing in btc, so in my opinion the most important thing is knowledge because without knowledge there is the potential to experience huge losses.

[Rigon]

I think other writers has outlet the benefits of bitcoin and none benefits of bitcoin before, I don't need to praise bitcoin much because its just a technology and anything can interrupts the chances of it prolonging values.
1) From what I have observed  in bitcoin its a financial relief when you know the secrets behind the uses of bitcoin and some of the investment.
2) bitcoin have some of disadvantages which we are not supposed have all our hope in bitcoin, sometimes the mistakes of people lossiing in bitcoin investment is as a result of improper explanation and orientation when coming to invest in bitcoin.
3) bitcoin is like a life bencher for lawyers, why in financial aspects bitcoin is a freedom it doesn't have who control it.
4) having much benefit in bitcoin is when you know the good time to invest in bitcoin, like sometimes profit in Bitcoin investment is determination by the amount used for invest.
5) I want new people to know that the advantages of bitcoin investment is higher than the disadvantages if you take your investment plans serious.

If I say from my point of view I would say I have seen the advantages of Bitcoin never seen the disadvantages. There are some disadvantages though I won't focus on them. Because since coming to Bitcoin I have completely colored my life. I was living a very difficult life before I got connected to this Bitcoin. But after entering bitcoin forum I changed my life a lot. So I always respect Bitcoin and will love it for the rest of my life. I keep some amount of bitcoins for my future life. I am confident that I will get a lot of success and live happily ever after with the bitcoins I hold.

[gunhell16]

I think other writers has outlet the benefits of bitcoin and none benefits of bitcoin before, I don't need to praise bitcoin much because its just a technology and anything can interrupts the chances of it prolonging values.
1) From what I have observed  in bitcoin its a financial relief when you know the secrets behind the uses of bitcoin and some of the investment.
2) bitcoin have some of disadvantages which we are not supposed have all our hope in bitcoin, sometimes the mistakes of people lossiing in bitcoin investment is as a result of improper explanation and orientation when coming to invest in bitcoin.
3) bitcoin is like a life bencher for lawyers, why in financial aspects bitcoin is a freedom it doesn't have who control it.
4) having much benefit in bitcoin is when you know the good time to invest in bitcoin, like sometimes profit in Bitcoin investment is determination by the amount used for invest.
5) I want new people to know that the advantages of bitcoin investment is higher than the disadvantages if you take your investment plans serious.

It is obvious that Bitcoin is about finances, it is not just physical money, but can be transferred to real money. It's like a credit card electronic payment is used and you can also cash out if you want. The only difference is that it is tradeable, and can be used to send money to different places around the world that recognize Bitcoin.

At the same time, it can also be a form of investment specifically in the long-term category. Now, the disadvantage of this is that you can lose and it can also be a profit. Something that fiat currency does not exist. If it has a risk, I think it's normal because it belongs to the financial business industry because of the blockchain technology that comes with it.

[wahyuagung26]

Bitcoin presents both advantages and disadvantages as an investment. While it offers financial relief and freedom from centralized control, it is crucial to have a proper understanding of its uses and risks. Timing, investment amount, and taking investment plans seriously contribute to maximizing Bitcoin's benefits.

And this is normal because for every investment there will be two results, either a loss or a profit, because basically this also really depends on an investor, most wise investors will know where is a good place and a good technique for them to anticipate losses later because actually what Investors are after is profit, the benefits of Bitcoin will be great when they don't fail to see the Bitcoin situation.

New investors should consider the advantages outweigh the disadvantages with careful planning and education.

Actually they are required to have knowledge about Bitcoin and how it works and application to invest in Bitcoin, because most of them who are new sometimes don't pay much attention to important aspects like this and because of this many of them fail in Investments and don't get the Benefits of Investments and The benefits of Bitcoin, we strongly recommend that new investors understand it first.

[nur rochid]

basically bitcoin is currently more widely used to get money, where by investing it will get multiple results. however, to achieve this we must have knowledge about bitcoin, because if it is wrong, we can lose money, this is experienced by many people with various stories, most of them are due to a lack of knowledge about investing in bitcoin. this happens a lot because of price fluctuations, where they can't stand to see prices drop down so they think about letting go, should keep holding on to be a good choice, or even buy again

[wiss19]

I don't really see anything having the slightest possibility of interrupting the chances of Bitcoin prolonging its value over time because it basically doesn't have any disadvantages or vulnerabilities as a technology, even if there are a few vulnerabilities like 51% attacks and stuff, they are more likely not reachable for anyone to compromise or interrupt the network.

The only thing that people might consider a disadvantage of Bitcoin is its volatility which is basically there in all cryptocurrencies and it's because their prices go up and down based on demand and supply and because of the flow of the money invested.

[irhact]

basically bitcoin is currently more widely used to get money, where by investing it will get multiple results. however, to achieve this we must have knowledge about bitcoin, because if it is wrong, we can lose money, this is experienced by many people with various stories, most of them are due to a lack of knowledge about investing in bitcoin. this happens a lot because of price fluctuations, where they can't stand to see prices drop down so they think about letting go, should keep holding on to be a good choice, or even buy again

When you fail to seek knowledge before investing, you're going to lose. Most newbies still think that because Bitcoin can rise anytime that it'll happen during the bear market so they invest when the market is crashing and many of them end up not been able to hold their Bitcoin because they didn't plan to hold form the very beginning. They fail to understand that making money form bitcoin comes from having patience.

If you want to benefit from investing in Bitcoin then you have to learn to be patience. If you can't have patience then learn how to trade Bitcoin then use that knowledge to trade Bitcoin and other crypto. You can make money and benefits from investing or trading Bitcoin.

[robattfield]

Bitcoin has proven itself to be a reliable cryptocurrency and has brought many financial benefits to its users. But don't forget that Bitcoin is highly volatile, so it's important to evaluate when to enter and exit Bitcoin. In addition, there is no guarantee that you will immediately profit or avoid the risk of loss. There can be sharp fluctuations in the Bitcoin price in the short term, and determining good times to enter and exit is a difficult task. Therefore, one must master the knowledge of Bitcoin and the cryptocurrency market and consider it a long process that should not be relied on for quick profit expectations.

[bayu7adi]

The only thing that people might consider a disadvantage of Bitcoin is its volatility which is basically there in all cryptocurrencies and it's because their prices go up and down based on demand and supply and because of the flow of the money invested.

Some people consider this not to be a disadvantage, as it is precisely this volatility that allows certain individuals to profit from these price fluctuations. Who else but traders? Yes, they leverage the nature of Bitcoin, where its value is unstable based on supply and demand.

If it comes to transactions, perhaps this may not be the optimal choice. However, for investment or daily trading purposes, Bitcoin can yield profits for skilled traders.

[Ricardo11]

Bitcoin has many advantages. First advantage, if you invest here for long term you can earn good money. Another advantage of Bitcoin is that we can do peer to peer transactions here. Usually when we have to transact money with someone, we have to transact money with the help of a third party. And for this transaction the third party has to pay some amount of interest. But if you transfer money in Bitcoin, you can transfer money without the need of a third party and the money goes directly to the person you want to send it to. No third parties are required and no separate interest is paid for these transactions. This is called peer to peer. Another advantage of Bitcoin is that in Bitcoin, there is no possibility of theft and fraud. Here you will be the real owner of your bitcoins. No one can steal your bitcoins from you. Because all Bitcoin processing is done very carefully and very securely. Another advantage of Bitcoin is that you can control your Bitcoin from anywhere in the world and in any situation. Apart from these, Bitcoin has various other advantages.

[Jawhead999]

even if there are a few vulnerabilities like 51% attacks and stuff

The only thing that people might consider a disadvantage of Bitcoin is its volatility which is basically there in all cryptocurrencies and it's because their prices go up and down based on demand and supply and because of the flow of the money invested.

It's almost impossible to perform 51% attacks on Bitcoin network due to the difficulty and the adoption are keep increasing. The last FUD is about quantum computing can hack Bitcoin wallet, well if quantum computing can hack every Bitcoin wallet, Bitcoin price would be drop less than $100 because there's no safety or security anymore, so it's just a clickbait.

If people consider the volatility is the disadvantage of Bitcoin, they shouldn't invest in any kind of commodities.

[Lorence.xD]

The only thing that people might consider a disadvantage of Bitcoin is its volatility which is basically there in all cryptocurrencies and it's because their prices go up and down based on demand and supply and because of the flow of the money invested.

Some people consider this not to be a disadvantage, as it is precisely this volatility that allows certain individuals to profit from these price fluctuations. Who else but traders? Yes, they leverage the nature of Bitcoin, where its value is unstable based on supply and demand.

If it comes to transactions, perhaps this may not be the optimal choice. However, for investment or daily trading purposes, Bitcoin can yield profits for skilled traders.

Exactly, with those volatile nature of Bitcoin people took advantage from it since it affects the Bitcoin's value which it could drop and increase in just time. It would be just considered disadvantage if people use it in a wrong way where they could lose their funds. As a good trader they should know when to enter and bounce out in the market. Without it's volatility Bitcoin might not reach it's value as this current day because people wouldn't find Bitcoin worth to invest with.

[Gulttam2a2]

The most popular cryptocurrency in the world today is Bitcoin. The most necessary thing in human life is money or money. Currently,money or money has changed based on information technology. Everyone is now transacting with the digital currency called Bitcoin. Generally,if we want to make money transactions, we must open a bank account and need a debit card or credit card.  These are not required for Bitcoin transactions because Bitcoin is not a bank-based currency. Transactions in Bitcoin do not require extra charges like other payment systems. Security is very good in Bitcoin.There are many opportunities to earn in Bitcoin. Those who mine Bitcoin earn quite well. There are also many people who invest in bitcoins,they buy bitcoins at the same price and later sell it at a higher price to make a profit.

[ilovealtcoins]

The most popular cryptocurrency in the world today is Bitcoin. The most necessary thing in human life is money or money. Currently,money or money has changed based on information technology. Everyone is now transacting with the digital currency called Bitcoin. Generally,if we want to make money transactions, we must open a bank account and need a debit card or credit card.  These are not required for Bitcoin transactions because Bitcoin is not a bank-based currency. Transactions in Bitcoin do not require extra charges like other payment systems. Security is very good in Bitcoin.There are many opportunities to earn in Bitcoin. Those who mine Bitcoin earn quite well. There are also many people who invest in bitcoins,they buy bitcoins at the same price and later sell it at a higher price to make a profit.

To own bitcoin, you do not need cumbersome procedures like when you need a bank account. But you will also need to go to the bank to convert your bitcoins into fiat as you cannot use bitcoin for your daily life, bitcoin is not an accepted payment method in the world. The second thing: using bitcoin to invest, you can make a profit, but there is also a risk that you can lose and lose money. Bitcoin has many benefits compared to fiat or other assets, but it also has downsides. It's not perfect, and we can't use it without fiat.

[jostorres]

The only thing that people might consider a disadvantage of Bitcoin is its volatility which is basically there in all cryptocurrencies and it's because their prices go up and down based on demand and supply and because of the flow of the money invested.

Some people consider this not to be a disadvantage, as it is precisely this volatility that allows certain individuals to profit from these price fluctuations. Who else but traders? Yes, they leverage the nature of Bitcoin, where its value is unstable based on supply and demand.

If it comes to transactions, perhaps this may not be the optimal choice. However, for investment or daily trading purposes, Bitcoin can yield profits for skilled traders.

That's true, though it's the nature of Bitcoin and cryptocurrencies to be volatile, it actually provides benefits to the traders or holders since when the price goes down, they buy with whatever they have, and then when it goes up again, they sell and take profit. So this basically is an advantage of Bitcoin and other cryptocurrencies since if they were not volatile, maybe this many people wouldn't be interested in them.

Humans tend to like things that earn them money because money is what everyone is running behind these days, you can't do anything without it so you have to find ways to get as much as possible to have a life free of worries and tensions and if you don't have any, you can't live in peace.

[Outhue]

Many crypto traders only know how to benefit if the price of Bitcoin is rising, they see the decline in price as a bad thing, but honestly, some traders make big money from shorting the market.

And again, the smartest investors in the crypto space are those that buy only in a grounded market situation, when there is a big panic in the market, that's when they start filling their bags up and they always come out to be the biggest gainers in a bull market.

I don't see anything else that opportunities around the ups and downs of crypto market, you only complains if you lack the knowledge of making money out of the both market situation, Bitcoin is far more perfected than the way people pictured it.

I don't see anything as the major problem here, lack of knowledge is the main problem.

[Nrcewker]

If you want new people to know about the advantages of Bitcoin then it's not the place, we all here know that. But your points are valid, can't deny that.

Why he can’t post here? Many newbies also join the forum every day and every hours, then often have doubts regarding the advantages of the coin, and hence they can see the post by the OP for their reference. Basically the main advantage or benefit of using Bitcoins is that, it provides decentralised option, which means no government can control my money or can neither know how many Bitcoins I am holding. I won’t be forced to pay unnecessary taxes or fees. I will no longer be dependent on the bank and can use my Bitcoins anywhere at anytime I want.

[ancafe]

1) From what I have observed  in bitcoin its a financial relief when you know the secrets behind the uses of bitcoin and some of the investment.
2) bitcoin have some of disadvantages which we are not supposed have all our hope in bitcoin, sometimes the mistakes of people lossiing in bitcoin investment is as a result of improper explanation and orientation when coming to invest in bitcoin.

The fiat system also suffers from a greater degree of weakness and almost all aspects related to investing and money have their degree of weakness. So the explanation must be that there are different levels of weakness in bitcoin or in the fiat system, but of all the weaknesses that exist, we can choose which one has a much better impact. I'm sure why bitcoin can get more trust now because of the concept of decentralization and being able to maintain the value of the investment assets we invest.

4) having much benefit in bitcoin is when you know the good time to invest in bitcoin, like sometimes profit in Bitcoin investment is determination by the amount used for invest.
5) I want new people to know that the advantages of bitcoin investment is higher than the disadvantages if you take your investment plans serious.

From all your explanations above, but in the end at points 4-5 you are also indirectly praising bitcoin, so the point by point you made is actually not related to one another. Bitcoin has reached the stage of great adoption to date and the reason is clear that what is offered by bitcoin is far more rational in the way that many people feel at the moment, so people choose bitcoin as one of the options that can be used to make a profit.

Regardless of how bitcoin can generate huge profits if done in the right way, bitcoin's volatility can also result in people losing money when investing. Therefore it is important to understand how to invest properly and if they do not understand market psychology and panic when bitcoin experiences a sharp decline, then therein lies the panic that will bring people to the loss stage.

[Minecache]

The only thing that people might consider a disadvantage of Bitcoin is its volatility which is basically there in all cryptocurrencies and it's because their prices go up and down based on demand and supply and because of the flow of the money invested.

Some people consider this not to be a disadvantage, as it is precisely this volatility that allows certain individuals to profit from these price fluctuations. Who else but traders? Yes, they leverage the nature of Bitcoin, where its value is unstable based on supply and demand.

If it comes to transactions, perhaps this may not be the optimal choice. However, for investment or daily trading purposes, Bitcoin can yield profits for skilled traders.

That's true, though it's the nature of Bitcoin and cryptocurrencies to be volatile, it actually provides benefits to the traders or holders since when the price goes down, they buy with whatever they have, and then when it goes up again, they sell and take profit. So this basically is an advantage of Bitcoin and other cryptocurrencies since if they were not volatile, maybe this many people wouldn't be interested in them.

Humans tend to like things that earn them money because money is what everyone is running behind these days, you can't do anything without it so you have to find ways to get as much as possible to have a life free of worries and tensions and if you don't have any, you can't live in peace.

Honestly, I invest in bitcoin because of its high volatility, if it is less volatile and stable as gold, then I would rather invest in gold than take a big risk investing in bitcoin without big profit. Indeed, bitcoin's volatility has never been a downside. That is its biggest advantage, and most people are interested in ever. Would people still care much about it if bitcoin were a decentralized, anonymous, and private currency without volatility? Even I am doubting myself about that.