Topic: Advantage of BITCOIN - page 8. (Read 2908 times)

Bitcoin payments can be made without personal information tied to the transaction thus offers strong protection against identity theft, and also no third party interruption, banks and other Financial intermidiarises have no way to interrupt user transactions or place freezes on Bitcoin accounts.

It is possible to send and receive bitcoins anywhere in the world at any time and also Bitcoin transactions are secure, irreversible, and do not contain customers’ sensitive or personal information.

There are many adventages of bitcoin, such as :
a. High Demand
This is evident from 2011 to 2013 and currently the interest of bitcoin society continues to increase and its value is also the case. If the first sale value of 1 Bitcoin or BTC only 13 USD range only, now the price of 1 Bitcoin already hundreds of millions. If you already know and invest Bitcoin from the year before, maybe now you have become a millionaire.
b. Bitcoin Does Not Have Any Country
In Indonesia there is Rupiah, in Japan there is Yen and in Malaysia there is Ringgit. This is the difference Bitcoin from currency as above. Bitcoin is not owned by any country. this is also one of the factors why many people are interested in Bitcoin because this factor is obviously very profitable because no country is responsible as the rate determined and also the government in charge of currency management.
c. Bitcoin Safer than Physical Currencies
Bitcoin has more value in terms of security because of its virtual form in which there will be no such thing as forgery because it does not have a form, unlike a physical currency that is of course quite a lot that may be false.
d. Bitcoin is Developed with Idealism
Another advantage of Bitcoin is its development with Idealism. In a sense, the government does not intervene about Bitcoin trading. With this, you obviously have to analyze the Bitcoin currency. So you who have Bitcoin can develop their own in the market.

I think bitcoin can benefit a lot when you have bitcoins and when you trade bitcoin and altcoin by taking advantage of very fast price movements you should be able to earn a lot of profits. do not use bitcoin as an act of ugliness.

There are many advantages of Bitcoin People are getting income from Bitcoin, job opportunities are being provided and the quality of life of people is improving, people are getting the knowledge of technology.

the most important + bitcoin is that it is the most reliable of all. if the cryptocurrency in the world will die, then there will only be 1 coin it will be bitcoin. every day it is harder to get bitcoin and therefore its value increases.

Bitcoin have many advantages.
1.Fast transaction speed in payment
2.Sending asset
3.Less transaction fees
4.People can't steal your payment information from merchants.
5.No third-party interruptions.
6.Mobile payments.
7.Prices are always going up.
8.No paperwork
9.It is very fast.

bitcoin is easier for interbank transactions internationally, and then in each country can use the payment using bitcoin and can also to invest it is the benefit of using bitcoin

The advantages of bitcoin:
1. Convenience in transaction: Any transaction has a limit on the transfer and receive money, but for bitcoin there is no limit.
2. Ensure safety and security.
3. Bitcoin can not be faked.
4. The cost for the transaction is extremely low.

it's the truth. Now what are you aiming to achieve with this comment? As it's not the major problem, it's not illegal to use crypto nor it should be. It's about the illegal marketplaces and activities.

Yes, bitcoin is very good to use. Paying through Bitcoin has very low and sometimes no transaction fees at all. It all depends on the priority of the person. If a person wishes that his/her transaction get’s processed fast, he has to pay a transaction fees which is still very low as compared to any financial intermediary or digital wallets. Bitcoin transactions are secure, irreversible, and does not contain any customers’sensitive or personal information.This protects merchants from losses caused by fraud or fraudulent chargebacks.

I can't agree with some of your points,

1.Prices are not always going up if you see the price chart of bitcoin there were some much of ups and downs so it is not a valid point.

9.No the bitcoin transactions are not fully anonymous it is just pseudo anonymous even I can track your transaction by knowing your wallet ID or the address and also can track the receiver and so on.

This very promising. Bitcoin has a lot of advantage to us people. Bitcoin transactions are very fast if compared to banking channels. A bitcoin transaction is as fast an e-mail and can be processed with in 10 minutes. Also it can be instantly processed if they are “zero-confirmation” transactions, meaning that the merchant takes on the risk of accepting a transaction that hasn’t yet been confirmed by the bitcoin blockchain. The confirmed transactions are those which takes atleast 10 minutes to process. Credit Card or digital wallet services also provides instant approved transactions services but for this they usually charges a hefty fees ,which is not in the case of Bitcoin as mentioned above. Bitcoin has very low transaction fees even for being super fast in terms of processing.

Definitely Yes,  I agree with what you said mate. Paying through bitcoins provide the utmost freedom. Bitcoin can be transferred 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 can not be faked is the most advantage. 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.

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.

There is quite a lot of advantage in using bitcoin. Besides the speed of transactions, I tilt more for criterion benefit of money or to make benefit to reside with this exchange rate. Bitcoins can give you a fairly high return on investment, if you get the right gear to earn more coins.

Bitcoin have many advantages like fast transaction speed in payment, sending asset,  and also less transaction fees.
Below are some of the advantages of bitcoin:
1.  Prices are always going up.
2.  No Paperwork
3.  Appreciating value
4.  Quick and cheap transactions
5.  Control and security
6.  Information is transparent
7.  No third-party interruptions.
8.  Irreversible Transactions
9.  Anonymous and private.
10. Payment freedom.
11. No Tracking

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

Yeah to e evwry wonderful technology and innovations like bitcoin, there are always blessings and curses attached to it. I choose to be on the blessing side and utilize it for good purposes