advantages of bitcoin - page 11. | Bitcointalksearch.org

genos

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Quote from: arcanaaerobics on November 04, 2016, 02:28:35 PM

Quote from: marleybobthedog on November 04, 2016, 10:29:03 AM

Bitcoin is game changer for me because of its simplicity and bunch advantages. But with bank account i fear of get hacked and other problems but with bitcoin there is no such problems. I could use it anonymous and with faster speed and with less transaction.

How do a bank get hacked? I think they don't will make you lose your money since you paid some taxes to banks so when some shit happen, they can cover it instead of bitcoin exchanges that will never cover your loses.

Bitcoin still haveso many advantage. We do not have to compare bitcoin with bank becouse both are different. Bitcoin is a currency but bank is a corporation wich save our money ( currency ), bank give us guarantee of security but we have to pay monthly cost. But bitcoin is a good currency and an investment becouse the price is always rise.

arcanaaerobics

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Quote from: marleybobthedog on November 04, 2016, 10:29:03 AM

Bitcoin is game changer for me because of its simplicity and bunch advantages. But with bank account i fear of get hacked and other problems but with bitcoin there is no such problems. I could use it anonymous and with faster speed and with less transaction.

How do a bank get hacked? I think they don't will make you lose your money since you paid some taxes to banks so when some shit happen, they can cover it instead of bitcoin exchanges that will never cover your loses.

marleybobthedog

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Bitcoin is game changer for me because of its simplicity and bunch advantages. But with bank account i fear of get hacked and other problems but with bitcoin there is no such problems. I could use it anonymous and with faster speed and with less transaction.

MTBTT

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Quote from: knyolku123 on November 02, 2016, 06:41:50 PM

so much advantages of bitcoin
bitcoin is good investment
bitcoin is freedom because bitcoin can be used when anytime we need money
bitcoin is fast transaction

yeah there are even many other advantages that you do not know, bitcoin has many advantages you can use bitcoin for anything, I can even use bitcoin for my job?

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Quote from: abel1337 on November 04, 2016, 03:50:27 AM

Quote from: Xester on November 04, 2016, 03:44:47 AM

Quote from: Harlot on November 03, 2016, 11:00:32 AM

Well Bitcoin's price appreciation is better than any bank's interest rate on it's saving also if you did it right you can make money in holding bitcoin rather than saving your money in a bank. Also it is impossible right now for a bank to accept bitcoin as bitcoin is currently volatile and what I think are people will prefer to loan out fiat money rather than a volatile currency which is more practical.

Yes you are right. I have made some deposit on banks and after 10 years I only earn some cents. Well bitcoin has showed me new way to look at savings. My bitcoin savings has grown in huge amount and has doubled in one year. And up to now I have more bitcoin on my wallet rather than deposits on my account. More power to bitcoin, there are more advantages to bitcoin than you can imagine.

Bank investment for me is not a worth investment. You will earn only a few bucks when you invested your money for years. It is better to invest on other currency exchange than investing it to the bank.
Even bank has a good security it doesnt make bank a good investment tho

But with banks there is at least the certainty that the money will not decline.
With crypto this certainty is not given. Of course, here we all have the hope on a growing bitcoin price, but it's just a hope. There is as well the possibility of loss.
Some people just want to make sure the amount of dollars they own now will be about the same in in the next few years. For those security is something they would never give up.

danherbias07

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I read a lot of replies from this thread and the most of it are all for earning money.

Less with making use of it through sending their money to their love ones and relatives and even for work, or using it as a means of currency to buy some goods or games. Cry

abel1337

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Quote from: Xester on November 04, 2016, 03:44:47 AM

Quote from: Harlot on November 03, 2016, 11:00:32 AM

Well Bitcoin's price appreciation is better than any bank's interest rate on it's saving also if you did it right you can make money in holding bitcoin rather than saving your money in a bank. Also it is impossible right now for a bank to accept bitcoin as bitcoin is currently volatile and what I think are people will prefer to loan out fiat money rather than a volatile currency which is more practical.

Yes you are right. I have made some deposit on banks and after 10 years I only earn some cents. Well bitcoin has showed me new way to look at savings. My bitcoin savings has grown in huge amount and has doubled in one year. And up to now I have more bitcoin on my wallet rather than deposits on my account. More power to bitcoin, there are more advantages to bitcoin than you can imagine.

Bank investment for me is not a worth investment. You will earn only a few bucks when you invested your money for years. It is better to invest on other currency exchange than investing it to the bank.
Even bank has a good security it doesnt make bank a good investment tho

Xester

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Quote from: Harlot on November 03, 2016, 11:00:32 AM

Well Bitcoin's price appreciation is better than any bank's interest rate on it's saving also if you did it right you can make money in holding bitcoin rather than saving your money in a bank. Also it is impossible right now for a bank to accept bitcoin as bitcoin is currently volatile and what I think are people will prefer to loan out fiat money rather than a volatile currency which is more practical.

Yes you are right. I have made some deposit on banks and after 10 years I only earn some cents. Well bitcoin has showed me new way to look at savings. My bitcoin savings has grown in huge amount and has doubled in one year. And up to now I have more bitcoin on my wallet rather than deposits on my account. More power to bitcoin, there are more advantages to bitcoin than you can imagine.

rik3

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Quote from: requester on October 13, 2016, 06:17:15 AM

please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.

There are Many Advantages Of Bitcoin that are as Follows:-
1)Bitcoin can Be Transact Globally Even From One Country to Another Country Very Faster and With Very Low Fees and No Paper Work is Required Make a Payment By Bitcoins........
2) And Bitcoin is Better than Bank Savings Account and If You Hold Bitcoin and After Some Time You Get More Interest as Compare to Bank Account But You Have to Do Patience......

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Quote from: Natalim on November 03, 2016, 09:49:16 AM

Quote from: winspiral on November 03, 2016, 07:22:08 AM

For me the main advantage is the possibility to send packs of 10000 satoshi to my members...
this would be almost impossible with other ecurrencies because the fees would almost be higher than the pack...

Exactly, in bitcoin you will only pay a lesser charge regardless of your number of transactions. And it's fast.

And with xapo wallet I pay nowadays 0 fees...

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Quote from: knyolku123 on November 02, 2016, 06:41:50 PM

so much advantages of bitcoin
bitcoin is good investment
bitcoin is freedom because bitcoin can be used when anytime we need money
bitcoin is fast transaction

Don't forget to add that bitcoin is a currency itself. And there are a lot of advantages that we can give with bitcoin, just like if we are going to compare it with remittance center with Western Union. They are both the same fast and good service, convenient too. But the advantage of bitcoin is that the fees are a lot cheaper than it.

but with bitcoin you can save your time by going to some remittance center just to send money and you don't have to pill up some forms just to process your transaction . you can send money faster and cheaper, we can also pay our bills .

Harlot

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Well Bitcoin's price appreciation is better than any bank's interest rate on it's saving also if you did it right you can make money in holding bitcoin rather than saving your money in a bank. Also it is impossible right now for a bank to accept bitcoin as bitcoin is currently volatile and what I think are people will prefer to loan out fiat money rather than a volatile currency which is more practical.

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Quote from: neurotypical on November 02, 2016, 01:31:08 PM

The best advantage of bitcoin is being able to move unlimited amount of money overseas. Good luck trying to find any other way but bitcoin, because there isn't any other viable way.

Yes, that's right it's a lot easier with bitcoin when it comes to overseas transactions. It doesn't cost much fees like for real money and just with a click of a button and the money is transferred.

Natalim

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Quote from: winspiral on November 03, 2016, 07:22:08 AM

For me the main advantage is the possibility to send packs of 10000 satoshi to my members...
this would be almost impossible with other ecurrencies because the fees would almost be higher than the pack...

Exactly, in bitcoin you will only pay a lesser charge regardless of your number of transactions. And it's fast.

winspiral

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Free WSPU2 Token or real dollars

For me the main advantage is the possibility to send packs of 10000 satoshi to my members...
this would be almost impossible with other ecurrencies because the fees would almost be higher than the pack...

carriebee

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There are many advantages of bitcoin. Easy to use, easy to understand
the process of bitcoin. Fast transcation, less fee, hassle free, and can
earn bitcoin. Hassle free in terms of paying bills online, buying and
selling bitcoin. These are the things that gives benefits to users of bitcoin.

BossMacko

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The advantage that i know about Bitcoins are:

- You don't have to pay for tax using it.
- Transactions are almost instant , Some site you can instant use your deposit if it has already 1 confirmation the rest it needs full confirmation before you can use it.
- Using Bitcoin you are anonymous.
-and many more.

knyolku123

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so much advantages of bitcoin
bitcoin is good investment
bitcoin is freedom because bitcoin can be used when anytime we need money
bitcoin is fast transaction

wahb

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to me bitcoin has so many advantages some them are that we can use bitcoin as currency for shopping online or even in our local shops, we can use it for trading and for investment also. we can also use it for transferring funds.

neurotypical

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The best advantage of bitcoin is being able to move unlimited amount of money overseas. Good luck trying to find any other way but bitcoin, because there isn't any other viable way.

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