to me, the simple fact that i'm in control of my money is enough.
being depend of banks really sucks, i've already had some problems before with this(had money in my account but couldn't expend because the bank messed up things).
Topic: advantages of bitcoin - page 8. (Read 14754 times)
It's safe, quick, and reliable. I can send money to someone in China right now, within a couple of seconds. The transaction fee is also really insignificant and there isn't this centralized government which all of the BTC cycles through.
That is actually one of the biggest advantages of bitcoin, before bitcoin people used to be worried about sending money to someone to another country as they would have to pay a lot of fees etc for that but now with bitcoin you can send them easily in minutes without any big fees.
please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.
There are so many advantages of bitcoin one of my best is the lower fee of transactions and you can read also some those here https://bitcoin.org/en/faq#what-are-the-advantages-of-bitcoinI don't think if bitcoin is adoptable for bank system as what I know bitcoin is already your own bank , but I heard some news that some country's bank want to use blockchain system.
It can be adopted for a banking system and the news that you are referring is all about the news about Switzerland's Central Bank that is planning to accept bitcoin. You can just refer and redirected to this thread : https://bitcointalk.org/index.php?topic=1685326.0;all but if this happens the only advantage of bitcoin will get through it is popularity and adoption. But for us, users of bitcoin this is not a good one because bank will know our transactions and identities.
I don't think that would be a big deal
If you don't love banks and are not going to use their Bitcoin services, which they might start to offer, you can still transact directly. Many if not most users don't particularly care if banks will know their identities since they are most likely already using this or that bank for making online payments as well as sending and receiving money (say, wages). I don't think either that banks would require some extraordinary personal info (e.g. your private videos) that they don't require already, for example, when you open a bank account. So what's the difference really?
please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.
There are so many advantages of bitcoin one of my best is the lower fee of transactions and you can read also some those here https://bitcoin.org/en/faq#what-are-the-advantages-of-bitcoinI don't think if bitcoin is adoptable for bank system as what I know bitcoin is already your own bank , but I heard some news that some country's bank want to use blockchain system.
It can be adopted for a banking system and the news that you are referring is all about the news about Switzerland's Central Bank that is planning to accept bitcoin. You can just refer and redirected to this thread : https://bitcointalk.org/index.php?topic=1685326.0;all but if this happens the only advantage of bitcoin will get through it is popularity and adoption. But for us, users of bitcoin this is not a good one because bank will know our transactions and identities.
please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.
There are so many advantages of bitcoin one of my best is the lower fee of transactions and you can read also some those here https://bitcoin.org/en/faq#what-are-the-advantages-of-bitcoinI don't think if bitcoin is adoptable for bank system as what I know bitcoin is already your own bank , but I heard some news that some country's bank want to use blockchain system.
please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.
Bitcoin is very convenient to used for the bitcoin enthusiast, also the best when it comes to charge transaction it is very low fees of charge, and lastly very safe and secured.
I agree!bitcoins is very convenient to use. One of the major advantage that i want in using bitcoins was It cannot be traced. This is another advantage of Bitcoin. Once the seller gets the money, it cannot go back to the buyer by any means. This is important because no government can trace the source of your funds.bitcoins transaction are quick and easy. Bitcoin is portable: With the current major currencies, it is difficult to carry around large amounts of money. Cash amounting to millions is risky to carry for several reasons, which is why Bitcoin investors prefer it to other currencies. With Bitcoin, you can easily carry around a million dollars worth of Bitcoin in a memory card.
Here are some of my points
1) bitcoin is easy to operate but quit complicated for dumb guys
2) it's quick and can send bitcoin across world
3. It's transaction fee is too low
4) It is pseudonymous and avoids other establishment
5) Being there for now 6-7 years and doing well and already in a position to get international currency
Yeah people have different IQ, bitcoin fee lower than credit card fee, after new president of america has choosed it will affect bitcoin price. It is mean that bitcoin is good for currency or investment. 1) bitcoin is easy to operate but quit complicated for dumb guys
2) it's quick and can send bitcoin across world
3. It's transaction fee is too low
4) It is pseudonymous and avoids other establishment
5) Being there for now 6-7 years and doing well and already in a position to get international currency
please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.
Bitcoin is very convenient to used for the bitcoin enthusiast, also the best when it comes to charge transaction it is very low fees of charge, and lastly very safe and secured.
Yeah and its very hard to point out a single advantage of bitcoins as there are multiple advantages attached with it, money transfers is one of them and most of the people are using bitcoins only because they can gamble easily without disclosing their identity and any involvement from third party.
please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.
Bitcoin is very convenient to used for the bitcoin enthusiast, also the best when it comes to charge transaction it is very low fees of charge, and lastly very safe and secured.
please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.
Bitcoin is very convenient to used for the bitcoin enthusiast, also the best when it comes to charge transaction it is very low fees of charge, and lastly very safe and secured.
The best part about it is that you do not have someone looking over your account and determining what can and can not be done. I was doing a business deal the other deal for 150k and my bank blocked the incoming transaction because they said it is a risky business for them. How is it risky for them, it was my money being transferred in from my Bank of America account to my personal account with them so I could write a cashiers check to purchase a car. The closest bank of america bank branch was 3 hours away from me at that time, so the wire transfer was the easiest way and they blocked the transaction. They can not control bitcoin.
please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.
Bitcoin is very convenient to used for the bitcoin enthusiast, also the best when it comes to charge transaction it is very low fees of charge, and lastly very safe and secured.
Here are some of my points
1) bitcoin is easy to operate but quit complicated for dumb guys
2) it's quick and can send bitcoin across world
3. It's transaction fee is too low
4) It is pseudonymous and avoids other establishment
5) Being there for now 6-7 years and doing well and already in a position to get international currency
1) bitcoin is easy to operate but quit complicated for dumb guys
2) it's quick and can send bitcoin across world
3. It's transaction fee is too low
4) It is pseudonymous and avoids other establishment
5) Being there for now 6-7 years and doing well and already in a position to get international currency
For sure bitcoin doesnt do well with bank system, the advantage of using bitcoin over traditional bank is a lot, bitcoin can be used not only for currency but also an investment, the transaction between two party using bitcoin is anonymous and it is easier to set up a wallet than bank account and transferring huge amount using bitcoin wont be a problem
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.
Actually the first point you said : shopping is actually not yet fulfilled completely. I really want to see some shops that accept bitcoins as a payment option, while I am not planning to open up my own shop for this but if I will be getting the chances of some crowdfunding being done I will surely take part in it
transaction and fill in our needs for online shopping quality good products.
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.
Actually the first point you said : shopping is actually not yet fulfilled completely. I really want to see some shops that accept bitcoins as a payment option, while I am not planning to open up my own shop for this but if I will be getting the chances of some crowdfunding being done I will surely take part in it
The biggest advantage now and in the future, in my opinion, is nascent technology around the Bitcoin.
It's safe, quick, and reliable. I can send money to someone in China right now, within a couple of seconds. The transaction fee is also really insignificant and there isn't this centralized government which all of the BTC cycles through.
please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.
Bitcoin is very convenient to used for the bitcoin enthusiast, also the best when it comes to charge transaction it is very low fees of charge, and lastly very safe and secured.
please pen down all the advantages of bitcoin over traditional bank system. Also mention if bitcoin system is adoptable for bank system.
Bitcoin is very convenient to used for the bitcoin enthusiast, also the best when it comes to charge transaction it is very low fees of charge, and lastly very safe and secured.
Jump to: