Topic: Some of the benefits of Bitcoin ... - page 4. (Read 1822 times)

so you are lucky that living in country that has accepting Bitcoin but the problem are those who lives in limited access to use their bitcoin mate.
But still this is an advantage and must be thankful
but those also the reason why governments hates Bitcoin to be legalized because they cannot put strings on this and cannot make taxes.

Agree, the ease of buy and sell of Bitcoin cannot be over emphasis but also include it conveniences while make purchase online. Most of my purchase these days are done online through Bitcoin becasue of it high level of privacy. This is the best i have ever wanted in any payment method online and Bitcoin gave that to me. Also, the freedom this Bitcoin gave is second to none.

This currency would benefits from the fact that it is an international standard. The value of your government would not be exposed to inflation, whether or not it is doing well or badly. To spend it in one country or another, you would not have to pay special fees. You don't have to trust the banks to keep it, you can keep it on your own.

Bitcoin possibly gives you an advantage if you believe in it. Never fault bitcoin if you're losing cash; nobody drives you to make profoundly contribute with it.
I saw peoples relying upon bitcoin, and when they see the market is falling, they begin mishandling it.

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On the off chance that you need something with bitcoin, you need to contribute something as well.
Contribute your time and spotlight on the market. Obviously, bitcoins have lots of advantages, yet consequently, we need to give something as well.

The benefits of keeping Bitcoin are certain.
1, Bitcoin has worldwide payments. You can go anywhere in the world and spend Bitcoin when there is support or you can sell Bitcoin through OTC channels.
2, The chart of Bitcoin is always the bullish trend of Bitcoin, accounting for the majority of the movement and development of Bitcoin, so there will always be an opportunity to increase prices. Bitcoin is a good long-term investment.
3, Bitcoin is highly valuable and safe when stored properly. You can store millions of dollars in Bitcoin without any risk since Bitcoin's network is very safe and secure.
4, Bitcoin against currency collapse, history has seen Venezuelan citizens overcome currency collapse in Bitcoin.

Personally I am getting benefits from Bitcoin. In different situation, I use Bitcoin. As a large number of online shops are offering products for Bitcoin, I buy without any hassle. Besides, the transaction of Bitcoin saves my time and money.

I agree that Bitcoin demand continues to increase, because Bitcoin does have several benefits. There are several benefits that I feel
for myself, such as profitable for investment, easy to use, has low transaction fees for sending funds abroad, can be used as payment
and is safe for transactions. With some of the benefits I mentioned, make people interested in learning Bitcoin and in the end trust
Bitcoin more as an investment than any other asset.

A lot of people are hesitant with bitcoin because of the usual reasoning of volatility and aside from that the duration/fee of transaction. But if they will use other alts like maybe xrp or doge as payment, they won't complain much about the volatility and tx duration. But the problem is, btc is the most popular crypto up until this day, so it is hard to introduce other coins to the mainstream consumption. But if more and more people and merchants will patronize the usage of btc as payment, I guess those volatility factors will not be a question anymore from the users.

That is why Bitcoin is anti-mainstream, many of the innovations it provides can overcome various problems in the current financial system. multi-functional can be used as an investment tool, trading commodity, and alternative payment, although its adoption is still limited. With all these benefits, users can get security, confidentiality, and transaction transparency. Very effective, even though there are some obstacles that are afraid of many people such as high volatility. Doesn't everything have a risk? as long as we are able to adapt, we can certainly minimize the risk.

Bitcoin is a decentralized currency which is not control by the government.
Here are some of bitcoin benefits:
1) Good trader: Good trader is one of the bitcoin benefit someone can achieve in the areas of market. Before someone can become a good trader show that the trader has experience so many things in the place of trading.
2) Good rank: A good rank in the forum is also a good benefit someone can achieve to improve in the platform.
3) wealthy: Using bitcoin to invest in different project can help you to become a wealthy man or woman in the country. Many people has achieve so many things in this platform to grow their businesses.

Well hope every people in the world realized that and specially the government because those are the only hindrances why we cannot reach the top.
we are keeping behind the target because of denial from the government and the people who have already heard about crypto currencies.

Indeed. We are now highly digitalized and Bitcoin has a lot of things to offer for us. So many benefits as often mentioned and as for me, it really made me have the feeling of always pursuing my goal, the hunger to strive more harder to gain more profits and to have a financial freedom one day.

The reason why you should opt for any cryptocurrency (Bitcoin, Ethereum, Litecoin, XRP )The world’s economy is certainly moving towards a digital eco-system. From investment to money transfer, the whole transactions is going paperless as it is now the quickest way to transmit from anywhere to everywhere. Since the cryptocurrency is not issued by a central authority, so the government can’t seize it.

Here are a few benefits behind it.

One of the major benefits is the Low Fee. In comparison to the common method of bank transfer, the fees charged by the crypto exchange are very low and due to low fees on every transaction cryptocurrency has been quickly gaining the public eye.
Secure your Personal Data-A cryptocurrency payment process along with a third party (Any Best Exchange) will typically want your name (and shipping address for the delivery of physical goods), but the rest of your information will stay private as long as you don’t connect your bank or credit card account and transact solely in BTC.

Cryptocurrencies are a more reliable digital cash option and are perfect for mobile payments by default due to their virtual, decentralized nature.
It has been estimated that 20 million people worldwide own cryptocurrency. Most others have heard of bitcoin and plan on adding it to their portfolio.

This is the reason too why most of the people are using the bitcoin because of its kind of security structure but the problem is there is no support like the other centralized, like what if you made a transaction and you want to cancel or close the funds you cannot make this, this commonly happens when we are sending bitcoin to other people they can make a double sent to make a traffic on the transitions, it's better to do a 1 confirmation first before making the 100 percent of the deal. If you made a mistake you cannot ask for help from someone because again this is decentralized, but for sure ask too in our forum because we have knowledgable members too.

Yes becoming popular because of that benefits and i think you know that bitcoin can gives us good life. Like you invest your money in some investment site instead of investing in bitcoin because we all know that bitcoin can blow up anytime and that investment your money become x3 or more. So much better to invest in bitcoin that to others.

Indeed, having a full control with our assets that can be access even at home without having complicated verification is really convenient to us.

Its not just a currency that can be use online to purchase but a kind of investment that is proven to be profitable of long time users. Recently I bought a goods and the seller is accepting bitcoin, its a big help specially in times like this wherein there's a limitation when going outside because of the virus.

There are a ton of advantages to Bitcoin truly something other than utilizing it to get a few things on the web !!! Some other coin can be utilized to do this, which makes Bitcoin unmistakable as it is a current budgetary framework in itself made to supplant the degenerate financial framework winning on the planet (as Satoshi himself said), Bitcoin is a store of significant worth, that is, it has an incentive in itself and not simply an approach to shop and this It implies that it tends to be put away with its worth staying (like gold). The most significant thing in Bitcoin is decentralization and protection. It is these things, as I would like to think, that give Bitcoin its ubiquity and force

privacy is indeed number 1 which is the advantage of bitcoin that I really like where I can make transactions that are not known by anyone and are not tracked by other people
besides that the security is very good compared to a bank, it is very helpful so that I am not afraid to lose money if it is not my fault different from a bank where operator error can be fatal and very detrimental to others

To handle Bitcoin, you must keep the Bitcoin wallet or Bitcoin's private key in a safe place.
Bitcoin costs a little more than the unique Crypto
bitcoin may cost a bit more than a unique crypto, but the benefits outweigh the benefits of a unique crypto.