Topic: The advantages of bitcoin - page 79. (Read 20553 times)

In addition to getting bitcoin money can also make a person more fond of reading to increase his knowledge in this forum so that never faced any problem in conveying aspirations in his post and become more useful for others as well.semoga bitcoin able to grow rapidly and in the interest by the public to be able to live prosperous.

Many benefits I felt after getting to know bitcoin, but the most noticeable is profit, I got to know bitcoin early last year and when it was priced around $ 900, I bought 3 btc and was so happy because in a month the price reached $ 1300, and now about $ 3780 but I still keep my bitcoin.

Yes, you are actually right. Bitcoin gives us a big opportunity to have a job or to be rich. Bitcoin also gives us knowledge about Economics. Another advantage of Bitcoin is that, Bitcoin can be used as a payment for goods or services as long as you have internet access. It means that an individual will never go to a store to buy a product or go to a bank.

I would say that Bitcoin has tons of advantage alone.

- Bitcoin is enabling people to earn money online (bounty,campaign,etc) for people in third world country which in turn reducing the number of unemployment.
- Bitcoin is also secure, no one controls it (government can't block your money unlike banks).
- You can liquidize Bitcoin more easily than gold.
- Bitcoin is super easy to store, unlike gold.

For me, the bitcoin has many advantages. Because of the bitcoin height it uses a lot. and many of the unemployed use bitcoin. and they use it for their daily expenses.

For me too  because it has changed my life it has reduce my poverty and enhanced my life so i would like to say thanks to bitcoin that bitcoin reduce my poverty from 0% to 100%. It will reduce other life poverty too.

In my opinion, the advantage of having bitcoin is our money and assets are increasing day by day. it can not be denied again that the best investment right now is bitcoin and we should get started right away.

bitcoin makes a lot of people more lucky than a real job. and even then apply to me. yes I guess that's an excess of bitcoin besides technology.

Freedom in Payment
1. With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
2. You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
3. You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.

Control and Security
1. Allowing users to be in control of their transactions help keep Bitcoin safe for the network.
2. Merchants cannot charge extra fees on anything without being noticed. They must talk with the consumer before adding any charges.
3. Payments in Bitcoin can be made and finalized without one’s personal information being tied to the transactions.
4. Due to the fact that personal information is kept hidden from prying eyes, Bitcoin protects against identity theft.
5. Bitcoin can be backed up and encrypted to ensure the safety of your money.

Information is Transparent
1. With the block chain, all finalized transactions are available for everyone to see, however personal information is hidden.
2. Your public address is what is visible; however, your personal information is not tied to this.
3. Anyone at anytime can verify transactions in the Bitcoin block chain.
4.Bitcoin protocol cannot be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.

Very Low Fees
1. Currently there are either no fees, or very low fees within Bitcoin payments.
2. With transactions, users might include fees in order to process the transactions faster. The higher the fee, the more priority it gets within the network and the quicker it gets processed.
3. Digital Currency exchanges help merchant process transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.

Fewer Risks for Merchants
1.Due to the fact that Bitcoin transactions cannot be reversed, do not carry with them personal information, and are secure, merchants are protected from potential losses that might occur from fraud.
2.With Bitcoin, merchants are able to do business where crime rates and fraud rates may be high. This is because it is very hard to cheat or con anyone in Bitcoin due to the public ledger, otherwise known as the block chain.

For me the main advantage of bitcoin is that it is profitable to store money in it.

The ultimate advantage is that no matter how many times a government bans bitcoin, if you hold your private keys, you are going to hold your BTC and nobody can take it away from you. They can crash the price, but 1BTC = 1BTC. And after every government bans it, it would eventually recover due OTC market continuing no matter what, and the price would be listed in decentralized exchanges to keep track of it.

I strongly agree that bitcoin has many advantages. For me the advantages of bitcoin in addition to increase income as well as the right investment for a better future

There are many advantages bitcoin possesses. 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.

I'll agree with these advantages; it really gives employment to those people who are not working, and make bitcoin a source of living.  Adding to those advantages, I wanted to add that using bitcoins is easier than paper money for me, because in bitcoins, there are easier transactions and it is not hassle because you can process it online. Also, it improves the way we communicate with each other.

Bitcoin came from long back, but only this year we saw a huge increment in bitcoin price. This is also a major reason that attracts many investors. I like this price variation in bitcoin it allows me to do trading bitcoin and with this, i made a good profit. I like to do a bitcoin trading it is easy and always profitable because huge variation we see in this coin.

Many advantages of bitcoin but the most I like is the price that goes up so it is profitable. bitcoin transactions can be done alone faster and cheaper so bitcoin worthy of future payment system.

I guess that is the purpose of bitcoin for all of us, bitcoin helps us to solved our financial problem by becoming a source of income for all of us, it could also be use on transaction, having fast transaction, faster than if we are using fiat. We are all lucky here because we know bitcoin, we know how to earn such valuable coin that could help us to be rich instantly in the near future.

we can find many advantages of bitcoin, but the main advantage of bitcoin is about finance. it helps bitcoin user financially, especially unemployed people.

Yes all of  the advantages you said is correct. In additional to bitcoin advantage it helps those people to get out from poverty because they can easily earn it. It also gives additional knowledge, skills, and strategy to the people whos earning bitcoin.

Bitcoin and altcoins increases freelancing market capacity (social media, translation, blogging, ..). So yes, they help people to improve their income.