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.
Topic: Advantage of BITCOIN - page 5. (Read 2908 times)
Many people argue that Bitcoin doesn't have any utility and hence it is a bubble. But I would like to mention here that BTC can cut a lot in remittance fees worldwide and can help in fastening the overseas transactions. Now many would counter that so does any altcoin. But BTC being the most dominant usually has a medium to convert it in fiat easily. Almost all the local exchange in any county has btc fiat pairs.
The truth is, Bitcoin is starting to lose its competitive edge over many other cryptocurrencies, as far as I'm aware it only has two major benefits that still remain.
1. It has possibly the most secure blockchain network in operation, simply due to the amount of miners running on its network and the number of transactions that have accumulated in the blockchain.
2. It is easily the most widely used, widely accepted cryptocurrency of all, which means it actually has utility value, unlike some superior blockchains that have functionality, but not actual utility due to have poor acceptance.
1. It has possibly the most secure blockchain network in operation, simply due to the amount of miners running on its network and the number of transactions that have accumulated in the blockchain.
2. It is easily the most widely used, widely accepted cryptocurrency of all, which means it actually has utility value, unlike some superior blockchains that have functionality, but not actual utility due to have poor acceptance.
The advantage of bitcoint is, of course, many of them are for fast payment, and for long-term investment, it certainly gives us the advantage for the future
You can make more profit comparing to other altcoins also it is trending in market and it is more popular in crypto world we can still trust and invest in BTC for long term basis.
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.
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.
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.
Here is a portion of the upsides of bitcoin-It can be utilized anyplace in the world.easy cash exchanges to worldwide.No need printed material. You may do fast, shoddy and simple exchanges. Straightforwardness in data. Bitcoin can enable me to pay a few bills, give additional more cash to my family, to influence the exchange to process quicker to various fields of the world. It likewise decreases the unemployment and substantially more- -
Advantages of the top 1 coin that it can not fall immediately by 30 percent as it can do any other kind of coin!
Of all the crypto coin,Bitcoin has the advantage because it is a decentralized digital cryptocurrency that has the most popular and the highest market price value now.
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 advantage of bitcoin is that when you don't have any cash, you can just buy a food or anything only for those store that are accepting btc. 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.
Cryptocurrency has a lot of advantage and uses, it makes you alot easier to make an transaction on paying your bills.
I consider that BTC's general advantage is its too stable position on the cryptomarket thanks to its value and reached volumes. I suppose it wil be very hard to beat it.
Actually bitcoin has many advantage it has super faster payment transaction which can be done easily by internet no third party can include in the transaction it cannot be stolen and it carried a little transaction fees. So, it is really amazing and it has many advantages as well.
Lol is a little deceptive, the current bitcoin transaction fees are very expensive when compared to other payment methods and I'm sure many of you prefer transactions using altcoin that are cheaper in transaction fees and faster confirmation speeds, we must admit that
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.
I strongly agreed with you Sir, Bitcoin has many advantage. It can helps me to earn money for me and my family . It is life changer coin. It can changed anyone life easily.There are many unemployed people in many countries and Bitcoin can help them. It's true it's transactions easy and faster.
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
Above are well defined features of Bitcoin, these are my one cent opinion, With entry of Crypto Currency Digital Transaction in the market, it really change the Future Market Outlook, some of the government financial institution are Critical on this entry that's the reason why they want to Regulate the said market transaction, for some reason these can be a Site to be used for illegal transaction and other Scams. Fast and effective for any market transaction.
Transactions were never that much easier within the world .You want it you can get it in minutes whatever the amount is anywhere .You can store or save it as investment for a period.You can keep your money secret and safe with you .No need to depend on anyone.
The advantage of bitcoint is, of course, many of them are for fast payment, and for long-term investment, it certainly gives us the advantage for the future
Bitcoin has many advantages such as :
1. Freedom in Payment, which consists of:
-With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
-You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
2. Control and Security, which consists of:
- Allowing users to be in control of their transactions help keep Bitcoin safe for the network.
- Bitcoin can be backed up and encrypted to ensure the safety of your money.
3. Information is Transparent
- With the block chain, all finalized transactions are available for everyone to see, however personal information is hidden.
- Bitcoin protocol cannot be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.
4. Very Low Fees
- Currently there are either no fees, or very low fees within Bitcoin payments.
5. Fewer Risks for Merchants
- With Bitcoin, merchants are able to do business where crime rates and fraud rates may be high. This is because it is very hard to cheat or con anyone in Bitcoin due to the public ledger, otherwise known as the block chain.
1. Freedom in Payment, which consists of:
-With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
-You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
2. Control and Security, which consists of:
- Allowing users to be in control of their transactions help keep Bitcoin safe for the network.
- Bitcoin can be backed up and encrypted to ensure the safety of your money.
3. Information is Transparent
- With the block chain, all finalized transactions are available for everyone to see, however personal information is hidden.
- Bitcoin protocol cannot be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.
4. Very Low Fees
- Currently there are either no fees, or very low fees within Bitcoin payments.
5. Fewer Risks for Merchants
- With Bitcoin, merchants are able to do business where crime rates and fraud rates may be high. This is because it is very hard to cheat or con anyone in Bitcoin due to the public ledger, otherwise known as the block chain.
Actually bitcoin has many advantage it has super faster payment transaction which can be done easily by internet no third party can include in the transaction it cannot be stolen and it carried a little transaction fees. So, it is really amazing and it has many advantages as well.
Lol is a little deceptive, the current bitcoin transaction fees are very expensive when compared to other payment methods and I'm sure many of you prefer transactions using altcoin that are cheaper in transaction fees and faster confirmation speeds, we must admit that
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.
Well, you obsalyutno rights. Bitcoin became attractive initially for illegal ones. I, too, so shield. Millions of Cacoin Transactions. Translations from strange. And much more. ) Well, it gave its revolution.
Actually bitcoin has many advantage it has super faster payment transaction which can be done easily by internet no third party can include in the transaction it cannot be stolen and it carried a little transaction fees. So, it is really amazing and it has many advantages as well.
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