Topic: The advantages of bitcoin - page 11. (Read 20534 times)

Yes! the advantages bitcoin also  includes the following -
1.Bitcoin provides financial freedom-
If you don’t have access to a bank account, you are part of the “unbanked.” Bitcoin can allow you to be your own bank. Bitcoin is simultaneously an open financial protocol and a currency required in order to transact freely on the protocol.

2.Easy to carry -We are quickly moving past the days of carrying around paper cash or pulling out your credit card. Bitcoin goes several steps further than the convenience of credit cards by equipping users with a payment option that is significantly lower in fees, provides virtually instantaneous transaction time, and is accessible through the dozens of bitcoin wallets.

3.Bitcoin was designed with your privacy in mind

There are many advantages you can get here in bitcoin such as you can purchase money to buy our personal or daily needs. It can also help to those who are unemployed person to be an employed so that they can earn money. We can also improve our english speaking or communication skills. Bitcoin is so helpful today and to everyone.

It's much easier to pick up and start a new life in a new country with bitcoin (or any crypto that can be exchanged).   Refugees, people coming to an end in relationships, or even people who just want to start fresh somewhere.   Just get on a plane with a few hundred thousand USD or a few million in crypto, depending on your needs.   No need to explain any bank transfers to anyone.   Just slowly exchange whatever you require to fiat or by using any of the crypto debit cards available nowadays.    Just another regular person rolling a carry on bag through the airport....

There's a lot of advantages of bitcoin, to name a few are; it generates income. job, investment, educate and develop oneself. If you be one of so many into this digital currency, it will give you extra income to improve your purchasing power,it will help you to be more patience, decisive, critical thinker and responsible.

Advantages of bitcoin:

Low transaction fees-cheaper compare to other
Payment anywhere-anywhere and anytime in the world, we are in control of our money in bitcoin
Security- bitcoin can be backed up and encrypted and protected against identity theft
Low risk on merchant side-very hard to cheat because it is protected through the blockchain ledger
Transparency
 

The main advantage of Bitcoin is limited amount of coins and generated with efforts through mining and due to this the blocks cannot be replaced at all. As of now BTC is using a medium of exchange for most of the altcoins.

We have the same thoughts about bitcoin. It have many advantages like it gives individual a money to purchase his or her daily needs, it decrease the people who dont have a job to make his own money and it enhance the english skill and communication skill of a person.

One of this is being efficient in the exchange market and has high potential when it comes into using it to different modes of payment. Also, it is profitable which in particular is the signuseature campaigns, and it is also secure and safe amongst other.

Many advantages like earning money from it even you are just in your house, anytime of the day and no matter how old are you. No limitations since you are in control of your bitcoins, it depends on how you will use it to increase your money. Too, there's a lot of ways how to use your bitcoins such as payment for billings, transfer of money and buying things with no hassle.

Day by day Bitcoin is getting popular in the first world countries. it has already made a great impact on using in the various purpose of the daily life. In Japan, South Korea, United state, Canada it is using in various perspective. not only that Bitcoin is being used for the future purpose. making a profit on investment and saving, working with a regular work on the Bitcointalk besides a lot of advantages in here.

You have a point, on some aspects though it did help the person earn from investments but those who are poor and needy still lives the same. It did not help them because they need to be trained like most that I have known, my friends and the people around even have a hard time understanding bitcoins. But for some as yiu said it did help them. One thing wonderful about bitcoin is that it could help the community since money can be distributed across nations. It is like you are working like overseas working for oneself and the country by doing it online.

Advantages of bitcoin are:
No Taxes
There is no way for a third party to intercept transactions of Bitcoins, and therefore there is no viable way to implement a Bitcoin taxation system. The only way to pay a tax would be, if someone voluntarily sends a percentage of the amount being sent as tax.

No Tracking
Unless users publicize their wallet addresses publicly, no one can trace transactions back to them. No one, other than the wallet owners, will know how many Bitcoins they have. Even if the wallet address was publicized, a new wallet address can be easily generated. This greatly increases privacy when compared to traditional currency systems, where third parties potentially have access to personal financial data.

No Transaction Costs
Sending and receiving Bitcoins requires users to keep the Bitcoin client running and connected to other nodes. Essentially, by using bitcoins users will be contributing to the network, and thus sharing the burden of authorizing transactions. Sharing this work greatly reduces transaction costs, and thus makes transaction costs negligible.


Bitcoins Cannot be Stolen
Bitcoins’ ownership address can only be changed by the owner. No one can steal Bitcoins unless they have physical access to a user’s computer, and they send the bitcoins to their account. Unlike convential currency systems, where only a few authentication details are required to gain access to finances, this system requires physical access, which makes it much harder to steal.

No third party seizure, no taxes, no tracking,  no transaction costs, no risk of "Charge-Back" and Bitcoin cannot be stolen.

yes, there are lot of advantage of bitcoin and one of my favorite is bitcoin in paying bills online, because it's hassle free and easy. you can also buy load  using bitcoin and the price also is moving up and nothing to worried about because bitcoin is safe.

Bitcoin is very popular and it's modern currency and has many advantages and there's a lot of benefit and decentralized currency

for me bitcoin is very secured and bitcoin is profitable coin that exist now unlike the other coin that can be hacked by the hackers and price dump so high. i have expirience in some ethereum exchanger that has low security im so dissapointed my coins was hacked.

Since I been here in bitcoin and I am stilk a bit new. I already earned from airdrops in which I traded  and encash it. Earning from bitcoin is number advantage of it. So many more,like there is a big possibility that you can have an investment someday.

The very first advantage  is that we need not to hold it physically being Bitcoin a crypto currency. Its safe  if you keep you passwords secure. Also, trading is beyond country borders. Its decentralised which makes it far easy to use.

Bitcoin helps a pathless man to lead the right path. It is possible by earning money through bitcoin. It is a benefit of Bitcoin. A person can overcome unemployment and earn a lot of coins in the shortest time. It is possible to make economic development of a country through bitcoin. It is much safer to say online currency.

the advantages of bitcoin is so many cause if you have bitcoin  you can make a lot of fro pit and also bitcoin is the future currency we don't even  know what happen tomorrow