Bitcoin benefits as opposed to fiat currency:
Very very low fees of transaction and storage - Millions of dollars transfered that require no fee or as low as a few cents
Not necessary to deal with banks, lawyers and regulatory agencies - a phone or PC and an internet connection will do; though some countries are beginning to draw up legislation concerning Bitcoin possession
The system is extremely hard to breach, thus uncommonly safe - due to the mathematical algorythims that transaction and Bitcoin creation is based (google Bitcoin mining)
Non-inflationary currency - unlike the Dollar, Euro or Pound which can and is printed out of thin air by governments and thus decline in value (phenomenon called inflation), Bitcoin is limited in possible quantity that can be ‘mined’ much like gold
Anonymity - although it functions on a ‘public universal ledger’ (the Blockchain) there is no way for any authority to find out who posesses and transfers Bitcoin; which has led to popularity for some unfortunate uses such as drug dealing
is not politically or geographically limited - universal use of Bitcoin would diminish fees for converting currency and there is no one political entity in control, rather it is based on open source code
Topic: The advantages of bitcoin - page 30. (Read 20534 times)
Due to the unique nature of virtual currencies, there are some inherent advantages to transacting through Bitcoin that users of other currencies do not get. Digital currencies are a relatively new and untested medium of exchange, and users should be careful to weigh their benefits and risks. That said, Bitcoin appears to offer some unique possibilities.
We all know that bitcoins is known to have fast transactions before,when the hype was still not that high transactions are fast to confirm.And thats the only advantage of bitcoins i know besides in offering huge return of money in a long time investment.But that advantage are slowly getting away,look at unconfirmed bitcoins transaction right now its almost over 200k and each transactions are so late
For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.
The advantages of bitcoins is them being decentralized and being volatile yes those were also their disadvantages but still an advantage for some reason because being decentralized means being not incline in the government and it means no tax at all so we have a freedom with our own money we can do whatever we wanted im our money without them controling us. And being volatile in a positive side means your holdings our money can grow and can be an investment because its value are no stable and can do buy and selling too.
I agree. This are also the advantages that i saw that later on, after studying it even more, finally lead me to using the great technology. And i cannot deny, i really enjoyed the new trend. Was absolutely pretty cool and amazing. Although most of the people around me doubted that bitcoin will really be useful one day. Now, they all ate their words. And are asking for help. They want me to teach them. Which i did. And now they are doing their best to get a hold of as much as they can. Sad thing is, most of them are only in for the profit. Which caused them to invest blindly without even knowing hiw thungs work in the crypto world. Which caused them to lose huge capital and panick sell. That they later regret since the btc price rised drastically a few weeks later. If only they asked me questions or at least made theur own research first before jumping into the crypto world. But i think the greedy bastards deserved it though.
I have seen many advantages of bitcoin and one of its advantages is no tracking of wallet address.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.
For me, Bitcoin has many advantages, one advantage is it gives to the individual money to sustain the basic needs, It also reduce the increasing number of unemployed in some countries, The people who work in bitcoin develops the ability to reason out, enhanced the English proficiency, that's the some advantage of bitcoin.
The advantages of bitcoins is them being decentralized and being volatile yes those were also their disadvantages but still an advantage for some reason because being decentralized means being not incline in the government and it means no tax at all so we have a freedom with our own money we can do whatever we wanted im our money without them controling us. And being volatile in a positive side means your holdings our money can grow and can be an investment because its value are no stable and can do buy and selling too.
Having a cashless community is nice. Theres no thief looking for you wallet having cash. Many advantages like you pay petrol with bitcoin right and any high cost materials and also good for deliveries like souq and amazon.
of course, I believe that one of the advantages of bitcoins is the increase in revenues, as well as the right investments for a better future. I know bitcoinis a great choice.
Bitcoin helps to make money, it is a decentralized currency that is not controlled by any government of any country.
No Third-party Interruptions
One of the most widely publicized benefits of Bitcoin is that governments, banks and other financial intermediaries have no way to interrupt user transactions or place freezes on Bitcoin accounts. The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies.
One of the most widely publicized benefits of Bitcoin is that governments, banks and other financial intermediaries have no way to interrupt user transactions or place freezes on Bitcoin accounts. The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies.
Bitcoin is good for long term investment because the market is volatile and since it is a digital currency, You can also use it to buy products online and it was a good thing that amazon is allowing a payment method for their products as well as mcdonalds for fast food order.
THE ADVANTAGES OF BITCOIN
In General:
･Decentralized - you can freely make transactions without the knowledge of government and allowing them to interfere with it.
･Anonymous - along with being decentralized, anonymity is one of the features of Bitcoin. No one knows your real identity.
･Digital Currency - in this generation adaptation to new and advance technology is playing a big part, Bitcoin is the future of the currency.
Financial:
･Extra Income - Bitcoin could give us the opportunity to earn extra profit that could help us in our future expenses.
･Investment - Bitcoin is really a good investment, though it still risky as it is since you are dealing with the stock market.
･Makes unemployed, employed - in this generation, Unemployment is one of the biggest problems that a country can encounter. Bitcoin helps people to have a part time job in which they could make a living out of to support their needs.
For yourself:
･New Opportunity - Bitcoin could teach us or enhance our knowledge that we could use in the future. Also, the information we can get from here is very much helpful if we are going to apply it in trading or investment.
･Let's you earn while learning, Bitcoin offers you an education in which you could also earn. Who wouldn't want that right?
In General:
･Decentralized - you can freely make transactions without the knowledge of government and allowing them to interfere with it.
･Anonymous - along with being decentralized, anonymity is one of the features of Bitcoin. No one knows your real identity.
･Digital Currency - in this generation adaptation to new and advance technology is playing a big part, Bitcoin is the future of the currency.
Financial:
･Extra Income - Bitcoin could give us the opportunity to earn extra profit that could help us in our future expenses.
･Investment - Bitcoin is really a good investment, though it still risky as it is since you are dealing with the stock market.
･Makes unemployed, employed - in this generation, Unemployment is one of the biggest problems that a country can encounter. Bitcoin helps people to have a part time job in which they could make a living out of to support their needs.
For yourself:
･New Opportunity - Bitcoin could teach us or enhance our knowledge that we could use in the future. Also, the information we can get from here is very much helpful if we are going to apply it in trading or investment.
･Let's you earn while learning, Bitcoin offers you an education in which you could also earn. Who wouldn't want that right?
It has great returns on your hardwork, it increase income and also add to income . The work can be done without an office or a place of work. You can do your transaction without an office, once you have a working mobile phone that can b connected to internet
Btc help everybody to get a big money and changed life way also less the.unployment in everycountry
bitcoin has value as a private digital currency and bitcoin is very freedom
bitcoins has a large number of advantages, For me the first advantage is that it will give me the basic needs,and if you invest in bitcoins it will give you a big profit.and also it will give you a easy life,and will strong you financially,and bitcoins has a big advantage for every individual.and make your life easier, and also if you have a bitcoins you can keep them in your account, it will safe and the good thing is that it will safe,and also it will increasing day bay day.
The advantages of Bitcoin are endless. You can, for the first time, have complete control of your money without anyone being able to change it. It also grows in value over time since it is scarce, and you even have an immutable public ledger to store it on digitally. etc, etc.
Best advantage of bitcoin is it has been helping a lot of people earn money. It is a different way how to reach ones dream which is to get rich. Another one is that it is good for investment because of its rising and falling of exchange rate. It is favorable for us both rising and falling yet the increase of the rate is much great thing because that would be the perfect time to sell if you have stored a lot of bitcoin in your wallet.
The advantage of bitcoin is we can be our own bank which means we can monitor and manage our account by ourselves, no need the third parties. Besides the government has no authority to control our money. That's fun, isn't it?
There are many advantages of using BitCoin instead of online money transactions. BitCoin is a global exchange rate, meaning BitCoin is not owned by any country, making it easy to use anywhere in the world. This makes international transactions easier as there is no discussion of payments to be used in accordance with country rates and of course prices are not affected by the exchange rate of the country's currency.
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