advantages of bitcoin - page 6. | Bitcointalksearch.org

Positid

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Quote from: Ryananda on November 23, 2016, 02:29:19 AM

Quote from: Woodie on November 22, 2016, 10:28:14 AM

Bitcoin has a long list of advantages:
1. Low fees definitely
2. Transactions are almost instant-distance isn't a barrier
3. Internationally recognized
4. Storage of bitcoins doesn't attract maintenance fees
5. Easily accepted by exchangers

"3. Internationally Recognized" I think not all countries recognize bitcoin, bitcoin banned from use in some countries. But overall I agree with you about the advantages bitcoin. If the advantage bitcoin I may add, that bitcoin fluctuation tends to increase, it will greatly benefit users bitcoin. Moreover there is no additional cost in bitcoin so we need not fear incur additional costs that drain our bitcoin.

Not all but majority of the countries knows about bitcoin already, how does anyone would not notice a certain digital currencies that values already $700+? It's amazing in their eyes, and it's even better than fiat in terms of investment.

People might treat it as investment or as a currency but it depends on them as long as they will be interested.

Denker

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Quote from: Ryananda on November 23, 2016, 02:29:19 AM

Quote from: Woodie on November 22, 2016, 10:28:14 AM

Bitcoin has a long list of advantages:
1. Low fees definitely
2. Transactions are almost instant-distance isn't a barrier
3. Internationally recognized
4. Storage of bitcoins doesn't attract maintenance fees
5. Easily accepted by exchangers

"3. Internationally Recognized" I think not all countries recognize bitcoin, bitcoin banned from use in some countries. But overall I agree with you about the advantages bitcoin. If the advantage bitcoin I may add, that bitcoin fluctuation tends to increase, it will greatly benefit users bitcoin. Moreover there is no additional cost in bitcoin so we need not fear incur additional costs that drain our bitcoin.

Trust me most of the countries have already recognized Bitcoin.And the ones who have not don't play any significant role.
That however doesn't mean that those countries who have recognized Bitcoin are loving it.At least not the people who are in power, the governments.
The part of the populace however who already know about Bitcoin is also loving it. Bitcoin means more financial freedom, independency and choice to us, while for governments this means less control of the money supply and less control of the people.
And don't let us forget that are countries out there who definitely support research and development of Bitcoin and crypto currencies in the hope of becoming a major hub for that new growing industry and it's companies.

Ryananda

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Quote from: Woodie on November 22, 2016, 10:28:14 AM

Bitcoin has a long list of advantages:
1. Low fees definitely
2. Transactions are almost instant-distance isn't a barrier
3. Internationally recognized
4. Storage of bitcoins doesn't attract maintenance fees
5. Easily accepted by exchangers

"3. Internationally Recognized" I think not all countries recognize bitcoin, bitcoin banned from use in some countries. But overall I agree with you about the advantages bitcoin. If the advantage bitcoin I may add, that bitcoin fluctuation tends to increase, it will greatly benefit users bitcoin. Moreover there is no additional cost in bitcoin so we need not fear incur additional costs that drain our bitcoin.

stark101

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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.

Currently the advantage of bitcoin are no fees or very low fees within bitcoin payments. Every transactions of the users should include fees in order to process their transactions faster. I think also, that the higher the fee, the more priority it gets within the network and the quicker if gets processed. And most of all, the transactions are very convenient to use.

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Advantages over physical cash:

1. Easier to carry, and to transact.
2. No risk from central bank devaluation.
3. Lower risk of robbery.

Advantages over credit cards:

1. Lower transaction charges.
2. No hidden fees.
3. Anonymity.

Bitcoinsummoner

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Quote from: 20kevin20 on November 22, 2016, 12:45:24 PM

Quote from: simplelisten on November 22, 2016, 12:39:52 PM

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.

For me the advantages of bitcoin are great since I can easily pay my load and other bills online using bitcoin in my country and the most part is you can send globe with less than fee and you can send without tracking your anonymity.

For fast transactions the fees are pretty high in my opinion, but for ones that are not urgent you have to pay like 5-10k satoshis for the payment to be confirmed in about 12 hours.. It's great the fact that it is very fast and easy to use and to understand. Staying away from the governments, building up your own anonymity and privacy is great. It's just a protection shield that covers your back. Another amazing thing I have found is the cold wallets.. They're just great. You can basically create your own Bitcoin banknotes.

the fees for every transaction in bitcoin is very difference in other payment mode online like in paypal if i compare them bitcoin is only asking for cents fee it is depends in you if you want to high priority and receive it sooner you should increase the fee in my experience when i was withdrawing my balance in yobit the fee in yobit is also increase so 50k sat now i am receiving bitcoin funds from yobit fast..
So we are paying for a small fee is one of the advantage of using bitcoin.

20kevin20

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Quote from: simplelisten on November 22, 2016, 12:39:52 PM

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.

For me the advantages of bitcoin are great since I can easily pay my load and other bills online using bitcoin in my country and the most part is you can send globe with less than fee and you can send without tracking your anonymity.

For fast transactions the fees are pretty high in my opinion, but for ones that are not urgent you have to pay like 5-10k satoshis for the payment to be confirmed in about 12 hours.. It's great the fact that it is very fast and easy to use and to understand. Staying away from the governments, building up your own anonymity and privacy is great. It's just a protection shield that covers your back. Another amazing thing I have found is the cold wallets.. They're just great. You can basically create your own Bitcoin banknotes.

simplelisten

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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.

For me the advantages of bitcoin are great since I can easily pay my load and other bills online using bitcoin in my country and the most part is you can send globe with less than fee and you can send without tracking your anonymity.

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Quote from: Fatanut on November 22, 2016, 08:47:40 AM

My favorite advantage that we can get from bitcoin is the fact that no one cares about the transactions that you're doing. When you earn thousands of dollars through bitcoin, no one would go to your house and ask the reason why there's a sudden change with the amount of your income. No one would put tax on you. There's no deduction with what you're receiving. Yes, anyone can see your whole transaction history but that's it

This will hold true only as long as you don't start converting you thousands of dollars of bitcoins into real dollars and then withdrawing them to your bank account. Indeed, if your thousands of dollars are just that, namely, a few thousand dollars only, you can really hope that no one will be particularly interested where these monies come from. But if your bank account balance suddenly increases for a few hundred thousand dollars, I guess you'd better not hope that it will slip under the radar of supervising agencies. And you should be prepared to explain where all this wealth comes from...

And whether you paid all the due taxes

Woodie

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Bitcoin has a long list of advantages:
1. Low fees definitely
2. Transactions are almost instant-distance isn't a barrier
3. Internationally recognized
4. Storage of bitcoins doesn't attract maintenance fees
5. Easily accepted by exchangers

Kotone

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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.

The advantage of using bitcoin is we can send international without any delayed happen or you can receive payment instantly without doing anything waiting for the sender to send your bitcoin and you can also earn from bitcoin without investing big money just strategies and techniques also we can exchange bitcoin into fiat money.

stomachgrowls

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Quote from: danherbias07 on November 22, 2016, 09:37:07 AM

Quote from: Fatanut on November 22, 2016, 08:47:40 AM

My favorite advantage that we can get from bitcoin is the fact that no one cares about the transactions that you're doing. When you earn thousands of dollars through bitcoin, no one would go to your house and ask the reason why there's a sudden change with the amount of your income. No one would put tax on you. There's no deduction with what you're receiving. Yes, anyone can see your whole transaction history but that's it.

Very true. That is why illegal transactions are being made it here. There is no questions if you dont go to the limits that a website wallet provided. Just send minimum amounts until all are paid and no one would care.

Thats really the advantage of bitcoin on which no one could impose tax on you and you are right no matter how big money or bitcoins do you have still dont matter because you have the full control of it and no one could able to get it from you.No one would really care regarding on your transactions or on balance of your wallet as long you put security on your wallet no one could steal it.

danherbias07

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Quote from: Fatanut on November 22, 2016, 08:47:40 AM

My favorite advantage that we can get from bitcoin is the fact that no one cares about the transactions that you're doing. When you earn thousands of dollars through bitcoin, no one would go to your house and ask the reason why there's a sudden change with the amount of your income. No one would put tax on you. There's no deduction with what you're receiving. Yes, anyone can see your whole transaction history but that's it.

Very true. That is why illegal transactions are being made it here. There is no questions if you dont go to the limits that a website wallet provided. Just send minimum amounts until all are paid and no one would care.

Fatanut

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My favorite advantage that we can get from bitcoin is the fact that no one cares about the transactions that you're doing. When you earn thousands of dollars through bitcoin, no one would go to your house and ask the reason why there's a sudden change with the amount of your income. No one would put tax on you. There's no deduction with what you're receiving. Yes, anyone can see your whole transaction history but that's it.

Xester

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Quote from: bamboylee on November 21, 2016, 10:43:06 PM

The main point is that you can send money around the globe almost instantly without having to pay large transaction fees. No banks can currently do that without large fees.

Yes, I agree.. we can save from big charges if we use bitcoins sending money to our love one's from other country. Aside from the convenient that bitcoin brings, because it is less hassle to go in bank and fall in line. Bitcoin transaction is more faster than the bank transactions. One more thing i like about bitcoins, I can have extra money from my earnings without doing nothing. Just invest and wait. Bitcoins really helps people. Long Live Bitcoins!

bamboylee

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The main point is that you can send money around the globe almost instantly without having to pay large transaction fees. No banks can currently do that without large fees.

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Quote from: Roboabhishek on November 21, 2016, 03:27:44 PM

Quote from: raja2sumi on November 20, 2016, 09:33:04 PM

Advantages of bitcoins
-its transaction fees are low .
-it has a better future
-u can buy it at a lower price and sell it at a very high price .kudoos

Yup i think you stated all the points and i think that's the reason people are still using bitcoins since it's tx fee is not as high as monero's
And it got highest price than all other crypto currencies

Yeah, earning it is very worth it when we convert it to fiat because of its high value. Also there is no limit who can earn it as long as you know the ways how to earn. If you work hard enough for it, you can earn more than what a regular employee earns per month. Also it is convenient to send and receive bitcoin to your friends and relatives.

Roboabhishek

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Quote from: raja2sumi on November 20, 2016, 09:33:04 PM

Advantages of bitcoins
-its transaction fees are low .
-it has a better future
-u can buy it at a lower price and sell it at a very high price .kudoos

Yup i think you stated all the points and i think that's the reason people are still using bitcoins since it's tx fee is not as high as monero's
And it got highest price than all other crypto currencies

dotajhay

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Bitcoin have many advantages i will give you all the advantages of bitcoin.
1. Easy to send and receive payments.
2. Easy to cashout (Bank , Remittance , Convenient Store)
3. No taxes for sending your btc not like paypal.
4. Easy to earn even the kids can earn too.
5. You can buy anything in the internet using it but it depends on the store if they accepting paypal.
6. It can grow if you invest it.

sabbirshm

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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's a lot of advantage of bitcoin.We can send to bitcoin worldwide.Also you ccan't trace location.Again bbitcoin is a ggood investment, we can earn decent amamount through bitcoin.Besides, we can buy digital goods from online store cheaply.Another advantages is bitcoin transactions is irreversible so that chance of getting scammed is null.

Topic: advantages of bitcoin - page 6. (Read 14754 times)