Topic: Bitcoin only an advantage ? - page 2. (Read 666 times)
Money is defined as a means of exchange. For now bitcoin can be use as a means of exchange for goods and services. The reason people are confused about bitcoin is because people are comfortable with our traditional fiat currency but I know with time bitcoin will be accepted massively.
The advantage of bitcoin is you can really earn and save more from it. By saving and investment for it. Bitcoin is really a good investmemt that helps to have a profit in my money. Bitcoin is sacred so no one can steal it from you because bitcoin is secured and trustworthy . And its digital
Bitcoin was never supposed to be mainstream currency but alternative to the existing financial service. And it's not the imperative to become exactly like any other fiat currency.
Bitcoin has some disadvantages like transactions fees, confirmation time and backlog, limited number of mined coins but still that doesn't prevent it from being used both as a payment method and investment instrument.
Bitcoin has some disadvantages like transactions fees, confirmation time and backlog, limited number of mined coins but still that doesn't prevent it from being used both as a payment method and investment instrument.
Internet wasn't made to be mainstream at first either. But as time passed by more and more things were done to upgrade it and to make it where it is today. Internet started as a test between 2 universities in USA and now it serves like every home where possible. Bitcoin wasn't maid for mainstream either, but some things and protocols are being done to provide the need for more people. We see other coins such as RaiBlocks and IOTA comming up with their ideas and we see bitcoin implementing LN, I am sure more things will be done to ensure that we use crypto at mainstream lvl. If not bitcoin we will use some other altcoin that will provide safe and secure solution.
I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
yes bitcoin has a lot of advantage ie bitcon is globally amazing currency and its popularity increased day by day. people use it in shopping mall, market space, travel agencies etc. educational site involving bitcoin soon. 
That would be true but the reality is that someday nations will use their own virtual currencies which will be regulated and subjected to the laws of their government, it would be bitcoin, available altcoins in the crypto market or newly created coin which will be used by the people because of the demand of the technology and innovation of the currencies they can't stop this change as it will come to past someday, fiat will cease to exit from the cycle if the technology can act like a fiat.
It is not like that. bitcoin is not just an advantage. but bitcoin also has many losses that we may feel / face.
there is a negative side of bitcoin. that is,
the negative impact of bitcoin or often we call it a loss that we may face in running or doing business or transaction in bitcoin.
it turns out to join in this bitcoin not only we feel the benefits are abundant but many possibilities we will also feel the loss or negative impact of bitcoin.
namely that over time will emerge new concepts that will compete with bitcoin.
high risk investment. transactions that can not be changed. lose swallow. limits in the future. and of course to the legality of this bitcoin
there is a negative side of bitcoin. that is,
the negative impact of bitcoin or often we call it a loss that we may face in running or doing business or transaction in bitcoin.
it turns out to join in this bitcoin not only we feel the benefits are abundant but many possibilities we will also feel the loss or negative impact of bitcoin.
namely that over time will emerge new concepts that will compete with bitcoin.
high risk investment. transactions that can not be changed. lose swallow. limits in the future. and of course to the legality of this bitcoin
I think bitcoin advantage is its own. Bitcoin is more than money and better than money. This is the future of transactions. The major exchange in the future. This is all what I think the advantage of btc coz this is a potential ever created coin in the history of altcoins. Bitcoin creates its own history not relying to anyone else who doesn't allow bitcoin to their lives.
Advantages and Disadvantages is available in Bitcoin.But i think disadvantages is very few and advantages is more such as this is very faster in money transaction and always your information will be hide who guys can't see.
I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
I also thinks the same , here I can explain with the example where one person asked me that why we should use Bitcoin , here we can make only money and nothing , making money with the help of Bitcoin is much easier because everything you will manage will remain available at the online platform that can be handlable through pc, And nothing big you can make .So at this I explained him that it is not limited to particular no. Of people and we can use it for the international market to buy anything that we want and also its demand day by day increasing rapidly .
And also we can transfer or convert one country Fiat into another with small amount of fee only , while with the help of banks we need to pay 20-30% of worth to convert .
I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
it's true that many people are scavenging the benefits of crypto ... but even so there are some who lose because they have not understood or ambition in using bitcoin
Bitcoin is an advantage and some time disadvantage also.
advantages:
bitcoin is decentralized
bitcoin has low transaction fees
bitcoin transaction can do with anonymous names
security
disadvantage:
bitcoin transactions can do with anonymous names,criminals also use this feature for bad things.
According to my view bitcoin is really an advantage.
advantages:
bitcoin is decentralized
bitcoin has low transaction fees
bitcoin transaction can do with anonymous names
security
disadvantage:
bitcoin transactions can do with anonymous names,criminals also use this feature for bad things.
According to my view bitcoin is really an advantage.
yes, I agree with you. and even more, bitcoin not only improves everyone financially, but also improves the world economy.
I think if you can get profits from it, it will keep both disadvantages and advantages. As far as we know about its benefits before deciding to buy it. It’s really a easy and convenient way for us to make an extra income . There is no doubt that these day, bitcoin helps us a lot to develop finance as same as improve our economy. However, it also brings us disadvantages, you can easily be cheated by scammers… sometimes, you are so interested in it and use a lot of money for it, then you lost all which make you profoundly disappointed. I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
For now, Bitcoin cannot be performing at par with the fiat currency. I hope you will understand this situation of Bitcoin's. Bitcoin is really struggling to go to the surface and become an easy alternative to our traditional fiat currency. However, there are several reasons why Bitcoin cannot do that for now. First is that cryptocurrency is still relatively young and not as widespread as fiat use although it is really growing fast. Second, Bitcoin has transaction fees while fiat does not have. Third, confirmation time for Bitcoin use is necessary while not in fiat. And then most of all, the value of Bitcoin is rising really fast that people might find it wasteful to spend their Bitcoins.
I think the only advantage in bitcoin is because of its high price in the market. And because of that people tend invest on it than to other altcoins, other than that, it don't any other advantage in my opinion.
I think bitcoin's high value is not an advantage. I think what you mean is its volatility that makes it advantageous and makes it more prifitable than any other cryptocurrency. But bitcoin is not exempted in having flaws, which could make people go back to cash and the old fashioned way again. But it just depends on the person on how they perceive bitcoin's characteristics.
I think the only advantage in bitcoin is because of its high price in the market. And because of that people tend invest on it than to other altcoins, other than that, it don't any other advantage in my opinion.
Bitcoin can't be treated as only an advantage. Every coin has two faces and so does Bitcoin. Bitcoin is really great when it comes to making payments, using the technology, trading the coin etc... but it has its own disadvantages such has the huge fees and congested network. Although these issues are temporary as the dev team is in process of finding a clear solution for this, it still is a burden on our heads until the problem resolves.
There are disadvantages in every thing and the cons BTC has are none avoidable.
There are disadvantages in every thing and the cons BTC has are none avoidable.
All things have advantages and disadvantages which btc is not exempted. It's true btc have no attributes but btc was created for a purpose of a cashless currency. It is more easy to handle and accepted worldwide no need for conversion to a certain currency.
but because of the traders flux in, bitcoin goes beyond that it become an asset that can compare to gold though it has no faces or attributes.
but because of the traders flux in, bitcoin goes beyond that it become an asset that can compare to gold though it has no faces or attributes.
Bitcoin was never supposed to be mainstream currency but alternative to the existing financial service. And it's not the imperative to become exactly like any other fiat currency.
Bitcoin has some disadvantages like transactions fees, confirmation time and backlog, limited number of mined coins but still that doesn't prevent it from being used both as a payment method and investment instrument.
Bitcoin has some disadvantages like transactions fees, confirmation time and backlog, limited number of mined coins but still that doesn't prevent it from being used both as a payment method and investment instrument.
I have perused in the news that that like bitcoin as virtual monetary forms are resources and does not have the attributes or what it takes to be a cash that could meet our cutting edge financial necessities. It was said that it doesn't have the major characteristics. What are your considerations about it?
Doesn't have attributes to be a cash? It doesn't have to be cash, cash is money - tangible while bitcoin is digital and intangible. People who are saying that it doesn't have the major characteristics then let them assess what they can see in bitcoin and for us who are staying and having some relaxation while sitting and seeing it grows will say that it has all the advantages.
advantage of bitcoin are so many like in bank,in payment,or in other way of transaction.Actually it run because of the conveniece that crypto brings like earnings here and for many of transaction so that's the advantage of it but it also have disadvantage like some people using this for scam or they create phising site for themselves only and not thinking others feeling when they scam other or they hack some account.
Jump to: