Major benefit of bitcoin? - page 12.

St4yInTh3D4rk

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Quote from: JungleOnion on December 08, 2017, 01:17:48 AM

I can answer my question by saying that bitcoin has what others don't and that's being the pioneer in the crypto markets. Which is why everything is priced in bitcoin But really....what does bitcoin do better that any other alt? What's the intrinsic value of bitcoin that I can't get with other alt? Transaction fees? No. Fast network? No. scalability? No. A functional product? No. Full anonymity? No. Descentralización? No. So? The markets are priced in bitcoin, and being that base of value is pretty important, but...is that it?

The major benefit of the bitcoin is its popularity so people will invest on bitcoin then other cryptos which makes the price of bitcoin keeps increasing.
And buying and selling bitcoin is very easy than other cryptos and bitcoin exchange is available in all the countries but altcoin is not available in all countries.Maybe bitcoin is not too fast but the bitcoin transaction will be faster in the future because I heard that lightning network was going to be implemented in 2018.

Kez1817

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For me the benefit of bitcoin is giving work for the jobless,give addional income to everyone who believe in bitcoin,because bitcoin is a treasure that anyone deserve to have it. It gives financial support for us.

Alert31

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I think the major benefit of bitcoin is giving an opportunity to every one to earn money in easy way with out time limit.

farhan28

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Bitcoin is the way of earning of many people who have no job or source of income...This the major benefit of bitcoin...so bitcoin adding a new era for many jobless people..

odranoel

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Everybody knows that we join bitcoin because we need an extra income, so for me this is the major benefited to peolple like me in bitcoinworld. But after many days i found out that this is not only an extra income it is the way to make my life change financially.

Juggy777

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Quote from: JungleOnion on December 08, 2017, 01:17:48 AM

I can answer my question by saying that bitcoin has what others don't and that's being the pioneer in the crypto markets. Which is why everything is priced in bitcoin But really....what does bitcoin do better that any other alt? What's the intrinsic value of bitcoin that I can't get with other alt? Transaction fees? No. Fast network? No. scalability? No. A functional product? No. Full anonymity? No. Descentralización? No. So? The markets are priced in bitcoin, and being that base of value is pretty important, but...is that it?

For me Bitcoin is my pathway to be free from those corporates who wish to stick shit on my face at work, a financial tool to help me grow in life. Coming to its main features, I would say it's simple and easy to buy it and sell it, no one can ever know how much one has. It's a price's always shoot up and up and it's best. Plus decentralised is the best features and I love it. People may call it bubble shit, but they are just jealous, Bitcoin is simply the best.

t1Zona

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Maybe is not the fastests, lowest fees, most anonymous and other things, but it is the first and then it has the longest history, so it's reliable. One of the things I started to invest in bitcoin is because it had its bubbles in the past, goind down but then it could come back stonger.
It has a big community, and in the end is all about confidence, so many many people have confindence in it.

Marco Ambrusini

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bitcoin prove already that it is legitimate over the time. Bitcoin is the first cryptocurrency that exist and as we can see, the price of bitcoin keeps on appreciating despite its volatility. Everything that we can see in other cryptocurrencies all came from the idea of bitcoin. Dev needs to strongly work on the time for processing transactions and fees.Aside this i think Bitcoin still reigns as the mother of all cryptos.

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Quote from: radjie on December 09, 2017, 10:18:09 AM

Bitcoin is another side of the economy, which provides many benefits to its users. for me personally, the main benefit of Bitcoin is my economic support. because with me joining Bitcoin, I have a job and income.

You are right and not only to you but bitcoin have a strong support for all people and it will help you in future as well. Bitcoin has made life easy and through bitcoin a lot of people like us are earning good income. I hope in future bitcoin will be famous and it will get what we have expected from bitcoin to grow and make good profit now and till bitcoin exist.

Xester

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Quote from: ghost424 on December 09, 2017, 10:49:26 AM

One of the major help of bitcoin in the community is the way that you can earn extra income while you are investing your time learning in the cryptocurrency world. Bitcoin is very easy to understand and learn and you can learn it only if you are open minded when it comes to learning new things.

It is really such a big help for us who wanted to earn an extra income. Many students likewise benefits from bitcoin as it does not require any age, gender, or educational attainment. The fact that we can earn a big one because of bitcoin, then it is the major benefit of it.

BarbieCasino

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Quote from: rudox on December 08, 2017, 01:30:12 PM

You can not get the kind of liquidity Bitcoin has with any other altcoin. There is also the resilience and of course the high price. These are really what makes Bitcoin the king of all coins.

Yep! You have nicely explained the major features of bitcoin which make it really the apple of everyone’s eye. Bitcoin is all the time increasing in value and those who want rapid profits are simply going to enjoy it with bitcoin only. There are many other things which make it important for people such as the use of bitcoin for paying your dues, the easiness of carrying bitcoin with you wherever you are travelling and so on.

Opquar

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Quote from: Rosabel on December 08, 2017, 09:50:05 PM

In bitcoin purchases are not taxed. Second very low transaction fees.

They will be taxed in the future. You can see that the US has already started. It would be naive to think that the rest of the world will not follow their example.

Transaction fees are actually pretty high for small transactions. You only start saving when you transact huge amounts.

McKane

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Major benefits of bitcoin bitcoin are given below.
1: Good place to twice your income.
2: Good place to invest your income most secured.
3: Trusted and guaranteed.
4: Reducing poverty.
5: Trade on bitcoin makes everyone better.
6: Future currency.

roxbit

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Quote from: sofi@ on December 09, 2017, 10:40:32 AM

Since bitcoin is not yet penetrating the majority of markets its value become a big help to many people for me the major benefit of bitcoin is helping people financially especially those who needs additional income to support their finances like me because of bitcoin I was able to enjoy my salary because bitcoin takes my daily expenses in fact I was able to keep some money for future because of bitcoin

As a new member of this new online craze Bitcoin, I become eager to learn about how can a new trend that is so easy and accessible way to earn makes a difference. The Major benefit of this Bitcoin thing I guess is that I can earn extra income in addition to my current job. By just posting and talking about some issues I can be paid. And that makes me feel so interested with this Bitcoin. So the major benefit is having money out of it.

ghost424

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One of the major help of bitcoin in the community is the way that you can earn extra income while you are investing your time learning in the cryptocurrency world. Bitcoin is very easy to understand and learn and you can learn it only if you are open minded when it comes to learning new things.

warrior333

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Quote from: Makest on December 09, 2017, 10:42:18 AM

When making a Bitcoin transfer the fees are extremely low compared to conventional methods of transfer.

It is strange to read such a post. If you do send a significant amount of money then pay for the transaction confirmation may be low relative to that amount. But what about small transactions? How to adapt bitcoin to trade? Very often it turns out that the price of the transaction more than the cost of the product itself.

sandwichman1

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the bitcoin is not so "anonymous" it is not so fast ... victim of its own success ...

Makest

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When making a Bitcoin transfer the fees are extremely low compared to conventional methods of transfer.

sofi@

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Since bitcoin is not yet penetrating the majority of markets its value become a big help to many people for me the major benefit of bitcoin is helping people financially especially those who needs additional income to support their finances like me because of bitcoin I was able to enjoy my salary because bitcoin takes my daily expenses in fact I was able to keep some money for future because of bitcoin

CrowdFunder

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Quote from: JungleOnion on December 08, 2017, 01:17:48 AM

I can answer my question by saying that bitcoin has what others don't and that's being the pioneer in the crypto markets. Which is why everything is priced in bitcoin But really....what does bitcoin do better that any other alt? What's the intrinsic value of bitcoin that I can't get with other alt? Transaction fees? No. Fast network? No. scalability? No. A functional product? No. Full anonymity? No. Descentralización? No. So? The markets are priced in bitcoin, and being that base of value is pretty important, but...is that it?

Bitcoin is the first in the market and has the highest hashing power supporting it, that is pretty much it's only advantage. I expect some altcoins to eventually overtake bitcoin in market cap, but that could take a while as it is in such a dominant position with regards to institutional investors and average people who know little about other cryptos.

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