Topic: Advantage of BITCOIN - page 13. (Read 2908 times)
In my mind Bitcoin is the best vehicle to increase your overall wealth and a great store of value. Bitcoin is where you store your gains. Altcoins are great for speculating. That's my investment strategy and it has worked well for me up to now. I do think Bitcoin will explode in the future so will be best if you have a pile going into the bull run -good luck.
Bitcoin allows money to be sent anonymously across a peer-to-peer global network, with no intermediaries needed to validate or process transactions. That has made it attractive to those who want to keep their identity secret, including those buying and selling illegal goods and services on the internet.
Firstly Bitcoin pseudo anonymous. Everything advantage in bitcoin is strong mainnet and community.
One of Bitcoin's advantages is his anonymity, which makes it possible to launder money and make many other financial crimes ..
There are many advantages of Bitcoin. First of all it is anonymous in nature and it's transactions. Due to decentralized technology truly it is the currency of people and peoples are creating this and transacting this. But, nobody destroy it.
yeah, with bitcoin, the transactions become easier, simple, fast, and effective. it's just that sometimes there is a group of people who use this for crime. but it seems this will soon be overcome with the KYC on almost most of the existing exchange. with the presence of KYC, can be known Identity perpetrators of crime.
I recently bought half the Bitcoin and I think that by the summer you can have a good profit. I'm thinking now about how to buy more)
If you are not trying to use bitcoin you will not know exactly the benefits of using bitcoin. In addition to its security system, bitcoin is also very profitable for its users with a large income that can be obtained. They are very happy to use bitcoin because their investment will be safely protected by the system and their investment can grow quickly.
BitCoin is the name most heard by those who do not know the crypto market. because it is the largest and largest volume of crypto coin. this is a great advantage. a coin that has been accepted by everyone.
Bitcoin allows money to be sent anonymously across a peer-to-peer global network, with no intermediaries needed to validate or process transactions. That has made it attractive to those who want to keep their identity secret, including those buying and selling illegal goods and services on the internet.
You gave good merits of bitcoin over traditionally currencies. But I will add my own which is the ability to transact business over several countries effecting payments in a matter of minutes.
That is bitcoin.
The biggest advantages of Bitcoin are speed, equal wealth, and elimination of ideology.
So 1. Zero or very low commission 2. Instant transfers 3. Safety, reliability, security 4. Technological advantage 5. Ability to send microtransactions 6. Easy reception and sending of donations 7. Supranational system 8. Ability to bypass any sanctions 9. Getting rid of intermediaries, such as correspondent banks 10. The possibilities of the blockchain
Bitcoin is much more reliable than some popular altcoins, and now especially, so it's definitely worth investing.
I do agree that Bitcoin is perhaps the most trustworthy in terms that some the alts that are around today won't be here in 3-5 years time. It's been said that over 90% of cryptocurrencies will fail. If this is the case we need to build this possibility into our investments. Only buy the strongest alt coins and always put faith in BTC because even if the majority of the others fail BTC will still be around in one form or another.
Bitcoin is much more reliable than some popular altcoins, and now especially, so it's definitely worth investing.
The cost is extremely low. There are no intermediaries involved in the field of virtual currency investing. However, you still have to pay the transaction fee, but it is not worth it.
Bitcoin can not be faked. The cost of testing gold is very high, and bitcoin testing is not costly and the truth is that bitcoin can not be faked. Because bitcoin is not shown in physical form.
Ensure security and confidentiality. Every bitcoin transaction can be done and completed without any personal information. Moreover, transaction information is still kept, but your identity is kept private. This is one of the outstanding advantages that you get when investing in the field of virtual money.
Not just Bitcoin. Altcoin is also so. Maybe this is the advantage that can be utilized by people who are not responsible. Money laundering and illegal transactions can be done through a crypto currency. And we should avoid the act.
There are other altcoins that are better with this transactions and that's why they are called privacy coins. I'm forgetting this thing as fiat money is also being used this way. We can talk about the advantage of bitcoin through transferring it quickly worldwide with a lesser fees. Bitcoin having its own advantage as the starter of cryptocurrency will be the first coin to be adopted worldwide and to have countries that will support it's usage to its citizens.
Advantages of Bitcoin as follow:
1. No paperwork
2. Irreversible Transaction
3. Quick and Cheap Transaction
4. Appreciating Value
5. User Anonymity
6. Mobile Payments
Digital currencies are a relatively new and untested medium of exchange, and users should be careful to weigh their benefits and risks. That said, Bitcoin appears to offer some unique possibilities.
1. No paperwork
2. Irreversible Transaction
3. Quick and Cheap Transaction
4. Appreciating Value
5. User Anonymity
6. Mobile Payments
Digital currencies are a relatively new and untested medium of exchange, and users should be careful to weigh their benefits and risks. That said, Bitcoin appears to offer some unique possibilities.
One thing I know about bitcoin advantage and that is smiling in the wallet. I mean the point of availing bitcoin is not just to store in the wallet forever. Everyone that avail btc one reason is not for the lost but for income, profit, preparation for the future. Smiling in the wallet seems good things will happen financially by getting bitcoin in the past, now and tomorrow.
one of the advantages of bitcoin is decentralized with blockchain technology. this allows all transactions to be transparent and clearly visible and for traders it would be a very good advantage if they trade bitcoin
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