Topic: Major benefit of bitcoin? - page 6. (Read 2016 times)

The benefits we can in bitcoin is high value. Bitcoin helps me in my financial problem. Bitcoin helps everyone to earn money in easy way, in bitcoin i build small business for my extra income. Bitcoin helps my family too, to become successful. There is a lot benefits of bitcoin.

For me the major benefit of bitcoin is its volatile price and its giving people the opportunity to earn without giving a single centavo. The only thing we can do to benefit is our knowledge and ideas to share. We need to be patience and push our selves to so our part to be more productive. This is the very first crypto currency that we ourselves are the boss and we can manage our own time and at the same time earning and gaining profits.

Very low, almost zero, to the Commission. The distinctive feature of bitcoin is the low transfer fees, can not be said about similar operations in "traditional" financial institutions. The translation of the cryptocurrency is practically independent of the transferred funds and the location of the receiving/sending party. In addition, there is no subscription fee, there are different kinds of limits and other restrictions, and some online wallets and even conduct transactions without commissions.
Practical instant payments. If the Bank transfers take on average up to five working days that the cryptocurrency this process is much faster. Payment confirmation takes place after the creation of the miners in the network for the new unit size is 1 MB, and it takes about ten minutes. It is worth noting the frequent on the Internet criticism of bitcoin due to the fact that, in some cases, confirmation of the transaction takes 5-7 hours. The solution to this problem was found – a significant acceleration of transactions will contribute to the implementation of the protocols Lightning Segregated Network and Witness what will happen in the near future.
The absence of boundaries. Bitcoin is a decentralized and supranational currency that is not controlled by no law and no organization. This popular cryptocurrency is able to help companies enter the international market, and with a significant savings in transaction costs. To accept payments in bitcoin from anywhere in the world, and the blockchain differs significant potential for effective application in many areas, for example, cross-border B2B payments where this technology will be able to eliminate a lot of middlemen.
The safety and security. The Bitcoin network is very resistant to cracking, and the attack on the currency is possible only in the possession of more than 51% of the total network capacity. And this is practically unattainable, because today the network is more powerful than the aggregate of all supercomputers from around the world. The use of cryptography makes the implementation of transactions and safekeeping of digital assets truly safe. Furthermore, an additional level of protection and the option of multipoles.
Technological advantages and modern features. Bitcoin have good separability and mail carried a couple of clicks. Multipurpose, smart contracts, the presence of many modern and comfortable services to make bitcoin a very convenient and attractive means of payment.
The absence of financial intermediaries. Thanks to the payments directly, without intermediaries in the form of correspondent banks, it is possible to reduce the time of the transaction, their cost, reduce the risk of errors. It is noteworthy that, according to research MasterCard and Facebook, most young people in America do not trust the traditional banking system, and often resorts to modern FINTECH services.
Transparency of calculations. All transactions within the system are easily tracked, up to the time of creation themselves Bitcoin and the payment history is stored forever in the blockchain. In other words, knowing any bitcoin address, you can always keep track of all outgoing and incoming payments.
The lack of control. As a distributed database (the block chain) has no single center, no one can block or cancel payments or change the amount of offers amount of cryptocoins in the system. In network bitcoin lacks regulatory authorities and third party, which would require personal data to impose their policies, set limits, or in some way affect the operation of the network.
It is not inflationary. Emission Bitcoin has a hard limit of 21 million coins, and the reward for a miner mined a block every four years decreases. The continuous growth of demand for bitcoin, given the limited his suggestions, constantly pushes the cost up, contributing to the strengthening amount of cryptocoins in relation to Vietnam currencies, which are subject to inflation. Due to these factors, bitcoin is a "safe haven", is able in the case of the global financial crisis to keep a substantial part of your savings. But for the residents of countries such as India and Venezuela, who have to deal with irrational monetary policy, cryptocurrency is not real salvation.
An open technology. Open development and decentralization are a guarantee that the bitcoin network will one day cease to exist or be controlled by someone. Due to the openness of the source code of the network, it is possible to convince that the program only performed the claimed function.
24/7/365. The Bitcoin network makes payments at any time and any day in unlimited quantities.
Stable growth of number of users. According to the report Coinbase and ARK Invest more than ten million people from around the world are familiar with bitcoin and own it. Constantly developing infrastructure, created all new services, the increased demand for cash and transactions with it as a medium of exchange.
The lack of chargebacks. Among the fundamental characteristics of bitcoin is the irreversibility of transactions – the payment is sent to the network, cannot be undone.
The pseudonymity. For payment the user does not need to transfer your personal data, therefore there is no fear of leakage of important information in the network. However, since all transactions are recorded in a public blockchain, with the help of modern technology it is possible to trace bitcoin address with a specific IP address, i.e. tracking financial history of the owner of the bitcoin wallet is still possible.

I do agree with everything you said. It also has given me an opportunity to earn money without investing a single penny and without working in a company, in short I am.earning money without a boss to serve.

Yes thats true and the accessibility for the young people or we should say the students were not deprived even rhough were young to have huge amount of profit we are not prohibited in this platform.

Since it is a digital currency, you don't need to use cash to transact with the stores, it makes the transactions easier and faster. Additional benefit also it is not only a currency but also an investment where you just hold it and wait for the value to increase so that there is return on your investment. Third benefit is, the more the people got attracted and interested on it, it become more stable.

Bitcoin is the only currency that is very stable on its increasing value around the world. That is why, investing is the best mode of action for an entrepreneur.

I think the major benefit it had given to us. Is had given us chance to earn big money without doing anything. Won't you agree guys?

One major benefits bitcoins can give is the potentials to earn big. Another is bitcoin transactions is fast and less stressful than doing bank transactions.

For me, the biggest benefit of Bitcoin is the ability to provide better user experience while transferring the funds from one place to another. It includes a better network, huge community, benefits out of transaction costs and tremendous mutual trust. Bitcoin might have received the advantage of being the first player in the crypto industry but sustainable growth in terms of price, user base and world's positive perception has proved that Bitcoin is different than the rest.

There are too many benefits on bitcoin. We can easily earn money by bitcoin. It also helps us in financial purpose. We can transaction it one place to another in any time.

Another advantage of bitcoin over coin is bitcoin is the mother of cryptocurrencies, many new coins freely use blockchain technology but do not reduce the value of bitcoin. Why did it happen? we should know the answer itself as a bitcoin user.

I think the major benefit of bitcoins have done to me is that it opened a way to trading and investing in a less hassle and haggard manner. Remember back then when the stock market was the only thing to do trading? And you need to fill tons of forms just to put your money in the bank to do so.

The benefit of Bitcoin that can give to you is having money without tiring yourself. By investing in Bitcoin you can possibly get profit because of its increasing value. You can also earn Bitcoin by doing campaigns here without tiring yourself physically. Another benefit of bitcoin is the convenience, you can buy things in some websites using Bitcoin.

if for the cost requested when we do bitcoin delivery is very much its nominal and it is lost to the existing altcoin, if bitcoin each shipment requires a very expensive cost while altcoin only requires a very cheap cost and only a matter of minutes.

I agree with you and I think this is the most benefit of bitcoin for us and many of us still trying to earn more bitcoin from many ways. we have a chance to do this while we have another activity in our real life so we can try to earn that bitcoin. bitcoin now become the best investment for people which has huge money and they want to make a big profit in the future.

Major benefit of bitcoin? Most major benefits of bitcoin are its increased spillovers
You can also invest it
You can also collect and multiply your help
the most benefit you can get is that your money is still small but when you hide it might increase your bitcoin even if you do not invest
especially nowadays so high that even if you want to buy you can not do it because you are overwhelmed by the value

that is right, we should follow the revolution and get the good things for a better life but unfortunately, it seems many people don't like bitcoin price increases but they don't know that bitcoin will increase more than now and many people will join with bitcoin and use bitcoin every day. until that time happens, we can start to save more bitcoin so we can be ready to go the new era of system payment in the future.

Basically Bitcoin gives us ease in doing various things, We can do various financial transactions easily from home and we can earn income by investing in Bitcoin. This is a revolution in this increasingly sophisticated world, Technology increasingly helps human life and also facilitate all the activities we do.

Major benefit? We can get profit from it,  and bitcoin is the most trusted by many investors so the new investor will invest more in bitcoin , and less from the other