hello everyone, I don't really understand bitcoin, I read a lot of posts that just assume and some are posts from trusted sources,
I only know that bitcoin is a digital currency and as a medium of exchange, the important thing is that bitcoin can be converted into fiat.
Topic: Some of the benefits of Bitcoin ... - page 6. (Read 1822 times)
you use bitcoin to buy a lot of things online. but in my country, the use of bitcoin is still limited. and my country does not accept bitcoins. finally in my country bitcoin has little benefit. but I'm not worried, because today I still choose bitcoin for investing and trading.
if you study people's reaction to bitcoin anonymity,is not attractive,however it is no more considered to be anonymous. Recently an agency put up some fund to break the privacy of monero, although privacy feature has not produce any outstanding profit for investor recently and the value had relied on bitcoin price movement for a while now. Bitcoin is not considering improving its privacy.
It is not directly anonymity as Bitcoin provides the freedom for the users to choose whether to remain anonymous or not. How could I say that? Even if you are using Bitcoin for your transactions, whenever time comes that you conduct KYC to an address and use it even with single transaction, you are not anonymous at all. So the freedom here is to not associating bitcoin with your traditional finance, or to withdraw funds and take this freedom away from you. Though you can use mixers to completely cut the track for people to figure out that you are the owner of such wallets. For me, it is just not so user friendly to use mixers as it consumes a very huge fee, on top of the huge fee from bitcoin itself.
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Bitcoin has several benefits especially the fact that you can make anonymous transactions in a very fast manner. Also, having access to all your funds without any control from banks and other centralized institutions puts every crypto investor full control of his funds.
if you study people's reaction to bitcoin anonymity, it looks very low, which indicate the anonymity is at a degree some people can know. Recently an agency put up some fund to find out the breakage of the privacy or anonymity of monero, however , monero is not outperforming other coin in the space with the privacy. Privacy is no more the attractive feature for coins and bitcoin is not considering to improve it. bitcoin is said to be pseudo anonymous or not fully private . i also remember that thread or article you are talking about monero , did they break it and find something interesting on that research ? too bad that there are people that will waste fund for that .
monero is still leading the way tho when it comes to privacy stuffs , that shows that people are really obsessed when it comes to anonymity
bitcoin and other coins that are not created to be like monero but they have thier on charm
This depends on the country. It is true that bitcoin could offer efficiency to a lot of its users but if it is not that known and popular to a person's country, I don't think you will be able to utilize that efficiency. Right now, most of the people here that are doing online transactions do COD or Cash on Delivery. There are people that pay online but most of them are still using fiat.
Bitcoin has several benefits especially the fact that you can make anonymous transactions in a very fast manner. Also, having access to all your funds without any control from banks and other centralized institutions puts every crypto investor full control of his funds.
if you study people's reaction to bitcoin anonymity,is not attractive,however it is no more considered to be anonymous. Recently an agency put up some fund to break the privacy of monero, although privacy feature has not produce any outstanding profit for investor recently and the value had relied on bitcoin price movement for a while now. Bitcoin is not considering improving its privacy. 
Some countries like Zimbabwe and Venezuela utilizes bitcoin to cushion the effect of their already damaged economy and hyper-inflation in their countries, many others like Iran are also looking towards bitcoin as an alternative means of transaction due to sanctions and embargo imposed on them by the developed Nations.
Bitcoin had brought succor to citizens in those countries whose currencies has no value and had provided a means of buying stuffs or goods online,
using it as a store of value is another benefit in place of the convectional banking system.
Here are some of the benefits of bitcoin.
1) Good investors : As a bitcoin users who really understand the areas of market and how to invest in a particular project to make a good income out of the investment. When you truly obey the rules guiding the bitcoin all the time it make you to become a good investors in the environment.
What rules are those mate?1) Good investors : As a bitcoin users who really understand the areas of market and how to invest in a particular project to make a good income out of the investment. When you truly obey the rules guiding the bitcoin all the time it make you to become a good investors in the environment.
Not being greedy and stupid by investing without proper knowledge?
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2) Your money is safe: As a bitcoin users your money is well safe in your wallet. Any kind of transaction you want to make with your bitcoin is well safe and very easy in transition. Your bitcoin is your bitcoin and nobody will have access to your coins unless you show the person all your private details.
Depend on what wallet you are using mate,Because hackers is always into our Coins and having a Nano Ledger is the most safest as far as wallet is concern.Quote
3) Easy to spend: Any country that bitcoin is well legalized give the bitcoin users easy way to buy and sell any kind of goods and services he or she want to purchase or sell at the moment.
actually even those countries that has no legalization but at least government is not interfering meaning it is allowed but not legal and illegal .
Here are some of the benefits of bitcoin.
1) Good investors : As a bitcoin users who really understand the areas of market and how to invest in a particular project to make a good income out of the investment. When you truly obey the rules guiding the bitcoin all the time it make you to become a good investors in the environment.
2) Your money is safe: As a bitcoin users your money is well safe in your wallet. Any kind of transaction you want to make with your bitcoin is well safe and very easy in transition. Your bitcoin is your bitcoin and nobody will have access to your coins unless you show the person all your private details.
3) Easy to spend: Any country that bitcoin is well legalized give the bitcoin users easy way to buy and sell any kind of goods and services he or she want to purchase or sell at the moment.
1) Good investors : As a bitcoin users who really understand the areas of market and how to invest in a particular project to make a good income out of the investment. When you truly obey the rules guiding the bitcoin all the time it make you to become a good investors in the environment.
2) Your money is safe: As a bitcoin users your money is well safe in your wallet. Any kind of transaction you want to make with your bitcoin is well safe and very easy in transition. Your bitcoin is your bitcoin and nobody will have access to your coins unless you show the person all your private details.
3) Easy to spend: Any country that bitcoin is well legalized give the bitcoin users easy way to buy and sell any kind of goods and services he or she want to purchase or sell at the moment.
Some of the benefits of Bitcoin ... 
The reason why Bitcoin is becoming so popular all over the world is that it offers users many times more benefits than the currencies that are currently in circulation. For example, I can use Bitcoin to buy many things online. I enjoy many benefits by paying bitcoin. Nowadays it is becoming known as the ideal currency. It is also suitable for those living in privacy-conscious or underdeveloped financial infrastructure.
Bitcoin Wallet protects the privacy of transactions.
Its advantage rate is increasing with a war transfer using conventional currency.
Forgive me if there is anything wrong with this writing.
The only benefits I see in using Bitcoin over Fiat is it is much more faster and cheaper if you would send overseas if you would send a huge amount of money. The reason why Bitcoin is becoming so popular all over the world is that it offers users many times more benefits than the currencies that are currently in circulation. For example, I can use Bitcoin to buy many things online. I enjoy many benefits by paying bitcoin. Nowadays it is becoming known as the ideal currency. It is also suitable for those living in privacy-conscious or underdeveloped financial infrastructure.
Bitcoin Wallet protects the privacy of transactions.
Its advantage rate is increasing with a war transfer using conventional currency.
Forgive me if there is anything wrong with this writing.
Other than that I don't see any other benefits unless the wallet that you are using would offer some benefits on spending Bitcoin on some products.
Bitcoin has many benefits, especially in the developing countries where there is limited access to the financial infrastructures so Bitcoin offers this financial services easily and fast, that's why its having a wide coverage.
Some countries like Zimbabwe and Venezuela utilizes bitcoin to cushion the effect of their already damaged economy and hyper-inflation in their countries, many others like Iran are also looking towards bitcoin as an alternative means of transaction due to sanctions and embargo imposed on them by the developed Nations.Bitcoin had brought succor to citizens in those countries whose currencies has no value and had provided a means of buying stuffs or goods online,
using it as a store of value is another benefit in place of the convectional banking system.
I think Bitcoin has really connected the world and made things easier. There is a company I once worked with, and the company was in a different country and works remotely with staff that are located in different countries around the world. Coolest thing about them is that they are paying their staff with Bitcoin.
Imagine that there was no Bitcoin, and we all know that PayPal is not available in every countries, but Bitcoin is available everywhere and anyone is free to make use of it. If there was nothing as Bitcoin the company won’t be able to work remotely. Bitcoin has really been a good technology, and has helped those that have adopted it.
Imagine that there was no Bitcoin, and we all know that PayPal is not available in every countries, but Bitcoin is available everywhere and anyone is free to make use of it. If there was nothing as Bitcoin the company won’t be able to work remotely. Bitcoin has really been a good technology, and has helped those that have adopted it.
Bitcoin has a lot of benefits and one of it is being taxless. We can easily make transaction without paying tax though there are some fees that we need to pay in order to transfer cryptocurrencies from wallet to another wallet but these fees can be low or high depending on your choice. Bitcoin makes our life easier than before. It can also secure our anonymity during transactions which is a good thing for those who want to be anonymous.
Bitcoin is becoming man closest and easy currency because of it’s digital flexibility.The use and benefits of Bitcoin is very vast with its anonymous transactions. In term of investment bitcoin gives the investor(s) advantage of having access/ authority to all transactions without any control from banks and other centralized institutions that governs every other currency around the world, these automatically puts every bitcoin investor in charge of his/her money using the bitcoin wallet and keeping all security details secret.
Bitcoin can be used in different functions and is not limited to any investment or savings platform, it’s also key to know that bitcoin is a decentralized currency and with that conscious it’s important for investors to keep their wallet details secret and personal. So many times the problem people encounter in bitcoin is security and most error transactions are not traceable as its only uses wallet address.
Bitcoin can be used in different functions and is not limited to any investment or savings platform, it’s also key to know that bitcoin is a decentralized currency and with that conscious it’s important for investors to keep their wallet details secret and personal. So many times the problem people encounter in bitcoin is security and most error transactions are not traceable as its only uses wallet address.
Some of the benefits of Bitcoin ...
The reason why Bitcoin is becoming so popular all over the world is that it offers users many times more benefits than the currencies that are currently in circulation. For example, I can use Bitcoin to buy many things online. I enjoy many benefits by paying bitcoin. Nowadays it is becoming known as the ideal currency. It is also suitable for those living in privacy-conscious or underdeveloped financial infrastructure.
Bitcoin Wallet protects the privacy of transactions.
Its advantage rate is increasing with a war transfer using conventional currency.
Forgive me if there is anything wrong with this writing.
The reason why Bitcoin is becoming so popular all over the world is that it offers users many times more benefits than the currencies that are currently in circulation. For example, I can use Bitcoin to buy many things online. I enjoy many benefits by paying bitcoin. Nowadays it is becoming known as the ideal currency. It is also suitable for those living in privacy-conscious or underdeveloped financial infrastructure.
Bitcoin Wallet protects the privacy of transactions.
Its advantage rate is increasing with a war transfer using conventional currency.
Forgive me if there is anything wrong with this writing.
I agree with you on the benefits of bitcoin that you outlined here, only that you mentioned just a few of the numerous benefits of bitcoin.
You didn't mention that bitcoin is a actually a form of investment for Hodlers especially those who hodl for a long time. Bitcoin has also created a means of living for people we call traders. Many traders have even taken trading as a full time employment, making the most of the movement of the market, although one needs the required skills and knowledge to be a good trader.
You should also know that another benefit of bitcoin is the freedom it gives its users. Bitcoin users are relieved to know that their money isn't controlled by the government.
Definitely bitcoin has a lot of benefits to us who keeps on trusting, believing and using its awesome features. The benefits and profits it gives are beyond our expectations that it really gives our lives financial freedom aside from being the easiest payment method in digital stores and alike. Now, the trend and popularity in the market are unstoppable and the adoptions are getting much wider across the globe. And this is because a lot of individuals are getting more profits and benefits each day with just the comfort of their homes.
The freedom and benefits of bitcoin as an investment and bitcoin do not involve the government or financial institutions in carrying out its operations, and are profitable enough to be used as an investment instrument and free from all regulations that bind bureaucratic institutions.
and has other advantages such as, free of charge and inflation, worldwide use and fast processing, minimum surcharge, very profitable and so on.
and has other advantages such as, free of charge and inflation, worldwide use and fast processing, minimum surcharge, very profitable and so on.
The benefits of Bitcoin are uncensorable and unreversible transactions, and to a certain degree the ability to remain anonymous.
calling those all benefits sounds a little bit wrong in my ears . being uncensored means our transacion is expose in the world and being ireversible means once lost is lost but except maybe to being anonymous , many people loves to be anonymous .
bieng ireversible and being anonymous is what criminals like but they dont like being uncensored . this is what makes bitcoin interesting because it can fit for two kinds of people , one is good and one is bad but at the same time theres also some disadvantages that they must accept if the want to continue using a btc .
I think the main benefit of Bitcoin is sending money without borders. Also anyone can invest in Bitcoin from a minimum amount and that is a great privilege that we enjoy when we make online payments. The fees applied to transactions are cheaper and faster if we compare them with international banking transactions, in addition to avoiding the paperwork involved in making a bank request. Bitcoin created us the digital world in finance I could say.
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