Topic: Advantage of BITCOIN - page 18. (Read 2908 times)
This is the world we were awaiting and we have to support it no matter what its goin on from now on . Yeah its the best network this block chain is game changing . Just stay faithfull.
Below are some of the advantages of bitcoin:
1. Irreversible Transactions
2. No Paperwork
3. Appreciating value
4. Quick and cheap transactions
5. Control and security
6. Information is transparent
1. Irreversible Transactions
2. No Paperwork
3. Appreciating value
4. Quick and cheap transactions
5. Control and security
6. Information is transparent
But there is an important point, bitcoin can collapse at any point in time and all its pluses will disappear)
And if someone wants to spoil life, Mempul can be jammed with transactions, and no speed is out of the question.
And too large a database of transactions for a local wallet.
And the fact that all the other coins depend on the price of bitcoin ... this is depressing (
And if someone wants to spoil life, Mempul can be jammed with transactions, and no speed is out of the question.
And too large a database of transactions for a local wallet.
And the fact that all the other coins depend on the price of bitcoin ... this is depressing (
It can be used anywhere in the world.No need bank account,ATM card, credit card, ID proof. Only need to interesting. Speed transactions, easy money transactions to worldwide.no fee's paid to any bank's.
Many advantage from bitcoin to me and other people. Bitcoin can help me pay some bills, give extra more money to my family, etc.
For some country can help unemployment people, I think bitcoin have many advantage beside investment. Bitcoin also can use for payment transactions for make it easy and faster.
For some country can help unemployment people, I think bitcoin have many advantage beside investment. Bitcoin also can use for payment transactions for make it easy and faster.
So we exclude such a link as banks. With their draconian commissions and conditions. You can transfer money anywhere in the world and at the same time not depend on anyone.
It makes life easier and connect people without boundaries. It makes transactions of money easier and secure
There are many more advantages of bitcoin which obviously doesn't exist in fiat currency or any other world asset.
Some people like its anonymity and some prefer it because of its security but i would say that bitcoin is an ultimate blend of special requirements.
For me, bitcoin is a coin that i solely use in my regular life to make transfer process faster to different fields of the world
Some people like its anonymity and some prefer it because of its security but i would say that bitcoin is an ultimate blend of special requirements.
For me, bitcoin is a coin that i solely use in my regular life to make transfer process faster to different fields of the world
For me bitcoin main purpose is that you can use it everywhere in cryptoworld. It like dollar in fiat currencies. It will grow with all crypto world.
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.
Yes surely it is one of the advantage of bitcoin's transaction,plus you can enjoy a less transaction fee compare to a bank to bank transaction,if you are into bitcoins you should know the pros and cons of this currency so you can maximize its use.Decentralization and the anonimity to transact in every places in the world is surely a good thing to have,this is why i invested in bitcoin 2years ago.
Well bitcoin clearly speaks of how vast is its anvantage feom any other coin. The fact that it is the number one in the cryptomarket and mother of all coins speaks for itself that its value has risen because of the many advantages it has. No question that bitcoin is one thats best foe transactions big or small.
Not only the remittance aspect of it that makes bitcoin a great advantage but also the store of value of bitcoins that can be use as a form of investment is the major reason why it is important to keep bitcoins as part of your portfolio.
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.
The commissions practically do not depend on the transferred sum or on a location sending and host. Often transactions are free. The commission is required only when forming technically large transactions which load network, or very small sums to avoid attack to network by spam a huge number of senseless transactions. The translations between accounts on average occupy 3-5 working days banks, and maybe it is more if it is the foreign translations. In cryptocurrencies of transaction are instant. However during the work with the large sums it is recommended to wait several confirmations of transaction by network, usually it takes no more than an hour.There are actually lots of advantages with BTC, one advantage is the low transaction that can be anonymous and private. It can do money transfer transaction within ten minutes and it holds personal data more securely because of the design which is decentralized in nature. Bitcoin transactions are considered secured, irreversible and does not comprise personal information to protect merchants from loss due to deceitful charge backs.
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.
Quite wrong. Bitcoin may have aspects of privacy, but this has been shown and proven to not necessarily equate anonymous. For example, just using simple diagnostics and tracking, you can already associate certain addresses with online services such as casinos and exchanges. Or, if you use an address in a signature campaign, then Google already has a record of it being your address, and anyone can look it up.
The use of Bitcoin for illegal trade and identity hiding is misinformed. In fact, if you look up the huge takedowns of illegal online marketplaces like Silk Road and Alphabay, all the arrests were made possible after investigations traced back Bitcoin use to the traders. It was specifically the use of Bitcoin which made transactions traceable - they are transparently viewable on public blockchains. They cannot be tampered with. They cannot be erased.
Bitcoin offers many advantages over traditional banks. It allows sending payments internationally without concern for currency conversion, it allows transaction confirmation within 10 minutes typically, and transactions cannot be reversed once made. This side can be seen as a positive or negative.
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.
The commissions practically do not depend on the transferred sum or on a location sending and host. Often transactions are free. The commission is required only when forming technically large transactions which load network, or very small sums to avoid attack to network by spam a huge number of senseless transactions. The translations between accounts on average occupy 3-5 working days banks, and maybe it is more if it is the foreign translations. In cryptocurrencies of transaction are instant. However during the work with the large sums it is recommended to wait several confirmations of transaction by network, usually it takes no more than an hour.
The following are some of the major advantages of using Bitcoin versus other currency systems:
No Third-Party Seizure
No Tracking
No Transaction Costs
No Risk of “Charge-backs”
Bitcoins Cannot be Stolen
Payment Freedom
Low/Minimal Fees
It’s fast
People can’t steal your payment information from merchants
Non-Inflationary
Bitcoin transactions are completely anonymous and private. Unlike in payments through bank, where the transactions can be tracked and identified, bitcoin transactions cannot be identified.
Though it has major disadvantages.In brief "Possible Government Interference"
No Third-Party Seizure
No Tracking
No Transaction Costs
No Risk of “Charge-backs”
Bitcoins Cannot be Stolen
Payment Freedom
Low/Minimal Fees
It’s fast
People can’t steal your payment information from merchants
Non-Inflationary
Bitcoin transactions are completely anonymous and private. Unlike in payments through bank, where the transactions can be tracked and identified, bitcoin transactions cannot be identified.
Though it has major disadvantages.In brief "Possible Government Interference"
Bitcoin have many advantages like fast transaction speed in payment, sending asset, and also less transaction fees. Another is bitcoin can used in transferring asset between two or more countries and also paying through bitcoins provide us utmost freedom. Bitcoins can be sent to any person in any part of the world. No intermediaries in between. No bank holidays/strikes. No boundaries or borders. No payment limit. Bitcoin is decentralized and no one can control or manipulate. The next one is Bitcoin transactions are completely anonymous and private. Unlike in payments through bank, where the transactions can be tracked and identified, bitcoin transactions cannot be identified.
BTC has indeed become a good tool for transferring assets between countries, so I think BTC is valuable.
But if the BTC wants to rise further, then we need to solve the problem of block congestion. I look forward to the arrival of thunder network.
But if the BTC wants to rise further, then we need to solve the problem of block congestion. I look forward to the arrival of thunder network.
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.
It also has the advantage of transaction speed, faster than the traditional third party transactions with less transaction cost. Example the traditional transfer talks minimum of 3 days while Bitcoin transactions happens in seconds. The most important advantage is that it uses distributed ledgers which eliminate fraud in the financial system. That's why you see all these calls for government regulations because their paradox boxes have been opened exposing their corrupt practices.
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