Topic: Advantage of BITCOIN - page 4. (Read 2855 times)
if bitcoin has become a global currency then all transactions using bitcoin will be better, faster, more transparent. while maintaining the confidentiality of their identity.
The advantages of bitcoin is its User Anonymity,No Third-party Interruptions, Purchases Are Not Taxed, Very Low Transaction Fees, Mobile Payments and because of that Bitcoin users can pay for their coins anywhere they have Internet access and the best thing is personal information is not necessary to complete any transaction.
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Bitcoins can not be faked, they can be calculated in any city in the world, and the number of resources that accept them for payment is constantly growing.
I think all the advantages of bitcoin are already mention and i agree all of those. This is the best coin of Mr. Shatoshi Nakamoto has ever produced that until many people has benefited.
There is no restriction on transfers, in other words, you can send bitcoins to any country in the world, and no one will be able to track your transaction.
I think also that this is the biggest benefit of Bitcoin. If you need to sent something to another country then a bank let you wait minimal 24 hours. For Bitcoin is it that you can sent it immediately.
Bitcoin is the first cryptocurrency known to the world, it's natural that bitcoin users are the biggest, in my opinion crypto will be difficult to develop without bitcoin so having bitcoin is important and of course there are many advantages if we have bitcoin.
Absolutely all protocols work on a peer-to-peer system, so no bank or financial system can interfere with the operation.
Bitcoins have open source code, but actual user data is not available. In other words, you will be able to see all the transactions, but you will not be able to find out who and where they made them.
Trade in bitcoin
Although people from the West might not see it, the cryptocurrencies do actually solve problems for citizens of many countries. Here are some issues that could stimulate demand for cryptocurrencies:
The first 3 of these points are less problematic for Europe, Japan, and the US who for instance have not seen high levels of inflation for a while but altcoins could be a guard against inflation. These countries also have free movement of capital.
3 . Benefit for sort term investment
inrease in demand increases value and it expected to increase upto some time limit so good to trade. High inflation: when prices in the shop rise quickly, it could be a good alternative to have some of the cash stored in cryptos.
Although people from the West might not see it, the cryptocurrencies do actually solve problems for citizens of many countries. Here are some issues that could stimulate demand for cryptocurrencies:
The first 3 of these points are less problematic for Europe, Japan, and the US who for instance have not seen high levels of inflation for a while but altcoins could be a guard against inflation. These countries also have free movement of capital.
3 . Benefit for sort term investment
inrease in demand increases value and it expected to increase upto some time limit so good to trade. High inflation: when prices in the shop rise quickly, it could be a good alternative to have some of the cash stored in cryptos.
Complete absence of inflation. Bitcoin coins appear with great speed, while their maximum number is strictly limited - they can not be more than 21 million. And since there is no economic or political influence on this currency, inflation does not exist either. That is why, it can be said that bitcoins are a more reliable asset than gold.
one of the reach of bitcoin is decentralised with blockchain application. this acknowledges each dealings to be apparent and clearly discernible and betokening profession it would be a also agreeable advantage whether they trade bitcoin
Saving securely with bitcoin, being able to change one's life, providing convenience in transacting quickly, this is an advantage of having bitcoin. Bitcoin has many who want it, but this must be stored safely by the holder.
Yes, and Bitcoin is the only payment method that is 100% irreversible and cannot be charged back. For this reason you should be careful when sending Bitcoins; be sure that you are sending them to a trusted vendor. As existing merchants will be well aware, when accepting credit card payments, or even bank payments the sender has the ability to reverse or “chargeback” the payment. There is nothing worse than sending products to a customer, only to receive a message that the payment has been reversed, you have been cheated and there is nothing you can do about it. Our life become more easy in the future. Right?
There are parcel of points of interest show in bitcoin. First of bitcoin is a decentralized money so it offers opportunity to its client in their bitcoin work. Next thing is its p2p (distributed) exchange. Which is profoundly best in class untraceable and continuous cash exchange office which additionally give secure superfast exchange bolster. Another favorable position of bitcoin is it online accessibility that implies numerous little businessperson and online merchants acknowledge bitcoin as installment. You can likewise book flights, inns and so forth with bitcoin.
The most important advantage of Bitcoin is safety of Bitcoin. I don't talk about price of BTC. I think that chance that Bitcoin have any backdoors or weaknesses is minimal. Because BTC is already was checked by thousands of hackers.
I agree, this is really one of the strengths of this coin, for which I personally love Bitcoin. In addition, Bitcoin remains and will be the main coin for a long time, so it will not be superfluous to have Bitcoin in your wallet.
There are lot of advantages present in bitcoin. First of bitcoin is a decentralised currency so it gives freedom to its user in their bitcoin job. Next thing is its p2p (peer to peer) transaction. Which is highly advanced untraceable and uninterrupted money transaction facility which also provide secure superfast transfer support. Another advantage of bitcoin is it online availability that means many small businessman and online sellers accept bitcoin as payment. You can also book flights, hotels etc with bitcoin.
If you link the wallet with the owner of this wallet-then every single transaction can be tracked.Bitcoin is not anonymous.Therefore, it is foolish to commit illegal acts in the hope of remaining unpunished.
Saving securely with bitcoin, being able to change one's life, providing convenience in transacting quickly, this is an advantage of having bitcoin. Bitcoin has many who want it, but this must be stored safely by the holder.
To keep your money safe with you BTC is the best option. If you can invest and wait for a long term then it can give you huge profit.
There are many advantages of bitcoin for me and fo many people in the world.
Bitcoin is changing the way we live.
Bitcoin is changing the way we do business.
Bitcoin is changing the way we travel and save our money/assets.
Bitcoin and blockchain technology has open new doors for people to do business with one another without the intervention of third parties.
Bitcoin is changing the way we live.
Bitcoin is changing the way we do business.
Bitcoin is changing the way we travel and save our money/assets.
Bitcoin and blockchain technology has open new doors for people to do business with one another without the intervention of third parties.
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.
Being able to keep the users anonymous is the main thing, apart from that there are other advantages too but that doesn’t mean that there are no disadvantages too. Other advantages of Bitcoin includes being able to prevent fraud; unlike credit cards there is nothing like a charge back. Another advantage is that with bitcoin you’re able to avoid identity theft; no one can steal your identity just like they will easily do when you are using a credit /debit card.
And as others said, bitcoin is fast for making transactions and that leads to immediate settlements. There are other advantages as well, but these are the main ones.
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