Topic: Advantages of bitcoin - page 16. (Read 1955 times)

The advantage of bitcoin is that it is safe to transact,  thier wallet that they are using and of course The price of bitcoin in the market. Many people also interested bitcoin because of the demand And the opportunities Thats why people wants to involved in.this kind pf cryptocurrency is the beggist currency among all because of the large number using bitcoin due to its benefits , and most lastly you can invest and trade.

Bitcoin has many advantages. I'll leave some here that I consider the most useful.
1. No Third-Party Seizure.
2. Payment Freedom. Bitcoins can be sent to any person in any part of the world. No intermediaries in between. No bank holidays/strikes. No boundaries or borders. No payment limit.
3. No Risk of Inflation. Inflation usually occurs when the Government issues more money over the year, decreasing the purchasing power of the people, on the whole. But the Bitcoin system was created with the sole purpose of being finite.
4. Fewer risks for merchants. 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.
5. You can mine Bitcoins.

The advantage of Btc as existing apart from everything else is that you can exchange Btc to fiat in a moment without exchanging it first with a portion of the coins. As existing apart from everything else the majority of the altcoin or the greater part of the altcoins can't be exchange to fiat straightforwardly they initially required it to transfer to Btc before they can make it to fiat.

Bitcoin has many advantages of using.btc send and receive users need to keep btc client running and connect with other nodes.basically,btc will use the users to contribute to the networks,and thus share the burden of approving the transaction.this work reduces the cost of sharing transactions,and thus the transaction costs are insignificant.Bitcoins ownership addresses can only be changed by the owner.If someone does not have physical access to a user's computer, then Bitcoins can steal, and they send btc to their account.like the conventional currency system,where financial authentication requires only some authentication information,this system requires physical access, which makes it much harder to steal.moreover,btc is the first in cruptocurrency world. It has a high value than other altcoin.the investor trust it, it's the most popular.btc has a good security.If you invest in bitcoin for a long term, you can get a very good profit.

I think the biggest advantage of facebook is that no one controls it. It's decentralized, easy to use, and efficient. I like being my own bank.

Many advantages of bitcoin, depending on the purpose of people buying bitcoin for what? Whether for investment or trade. But basically everyone gets the bitcoin advantage from the growth of the price.

this seems funny to me, you use bitcoin but do not know the benefits. then what is your initial goal of having bitcoin? if I personally, use it as an asset, invest, and make it easier for me to transact with my relatives who are abroad without the help of a third party (traditional bank)

Bitcoin itself is an opportunity to us. Through bitcoin we can earn noney, I should say easy money even i am new here but my friend who taught me about bitcoin is earning more than his salary. So it helps us financially.

According to him, the profits also entice entrepreneurs interest to use virtual currency. "Instead of bringing money to money changer better using virtual currency,"

Theres a lot of advantage using or to have a bitcoin you can pay a bills using bitcoin you can earn money using bitcoin just simply convert it in to real money

So many advantages of bitcoin like change people life and help them to renew what they have lost.And to secure our account in bitcoin which is in your account that only you can access and secure the future.

Bitcoin is the first in cruptocurrency world. It has a high value than other altcoin. The investor trust it, it's the most popular. Bitcoin has a good security. If you invest in bitcoin for a long term, you can get a very good profit.

Bitcoin has many advantages of using. Bitcoins send and receive users need to keep Bitcoin client running and connect with other nodes. Basically, Bitcoin will use the users to contribute to the networks, and thus share the burden of approving the transaction. This work reduces the cost of sharing transactions, and thus the transaction costs are insignificant.Bitcoins ownership addresses can only be changed by the owner. If someone does not have physical access to a user's computer, then Bitcoins can steal, and they send Bitcoins to their account. Like the conventional currency system, where financial authentication requires only some authentication information, this system requires physical access, which makes it much harder to steal.

You are using Bitcoin from last two months and still you are not clear with it's advantages. It is surprising because this is some basic knowledge that we should have before we start working with Bitcoin. Anyways Bitcoin is the finest cryptocurrency of the  present era .It is decentralized  in nature that's why no government or bank can track the Bitcoin transactions which make the transactions anonymous and tax free.It can be considered as the best investment asset as it provides tremendous profits in a short period of time .It is more secure because only the owner can access his/her BTC wallet and no interference of third party is there.Moreover it provide it's users a way  to earn some good amount of money.These are some advantages of Bitcoin over other coins.

It may seem that 21 million is very small for the whole world. However, here there is an exit. The fact is that Bitcoin is divided into smaller units. This satosh is equal to 0.0000001 .which can be sent as many as you like

Bitcoin has numerous benefits and advantages over using localized currency; we will discuss some of the biggest advantages.
Irreversible Transactions

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.
No Paperwork

Anyone, from any country, of any age can accept Bitcoins within minutes.  There is no ID card, passport or proof of address that all conventional banks required to open an account.  All you need to do to start sending and receiving Bitcoins is to download a Bitcoin Wallet program and generate a Bitcoin Address.

You could have 1000s of different addresses if you wanted, there is no limit to the number of Bitcoin Addresses that you can have.
Appreciating Value

As you can see from the Bitcoin exchange value graph shown on our homepage, the value of Bitcoins were initially highly volatile during the first few years of it’s inception, however during the last 6 months the currency has stabilized and has been steadily increasing in value on a daily basis.
Quick and Cheap Transactions

When making a Bitcoin transfer the fees are extremely low compared to conventional methods of moving money.  A normal Bitcoin fee is 0.0005 BTC per transfer, whereas with a typically international wire transfer you could expect to pay 700THB-1300THB per transaction.  Accepting credit cards will generally cost 3-5% of the transfer amount, which again is much more expensive than a Bitcoin transaction.

International wire transfers can take from a few days to more than a week, whereas Bitcoin transactions are generally confirmed with an hour.

for me it's his limited amount, then he was the first of the crypto coins, a coin that is time-tested!

The biggest advantage of Bitcoin is Investment. If you are thinking of long-term investment then Bitcoin is the best out of any cryptocurrency. Its decentralized nature is the proof of no interference of government which means you can keep your earing safely.

The payment methods are really easy and will soon be the fastest with really low fees.

There are a lot of advantages on bitcoins like cheaper products, fast transaction on any online stores  you are planning to use cryptocurrency. The value in the market is also increasing as the time goes by so you should always read the news to know when to invest or sell your coins.

Easy of transaction
High personal control
Security of the transaction
Transparency
As bitcoin is not the perfect it has both advantages and disadvantages it depends which items are important for you, then you can decide. It has also advantages that we can not get them from currencies.