The advantages of bitcoin - page 11.

bitcoinsocial09

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Quote from: shoujiuhaituo7 on March 17, 2018, 10:36:02 AM

Freedom of payment - any amount of money can be paid and received instantly and anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.

Very low fees - there is no handling charge or very little handling fee for the current payment of bitcoin. The user can include the handling fee in the transaction to obtain processing priority and receive the transaction confirmation from the network faster. In addition, there are merchant processors that help merchants deal with transactions, convert bitcoin into legal tender daily and deposit funds directly into merchants' bank accounts. Because these services are based on bitcoins, they can provide a much lower fee than PayPal or credit card networks.

Reduce the risk of merchants - bitcoin transactions are safe, irrevocable, and do not contain customer sensitivity or personal information. This avoids the loss caused by fraud or fraudulent withdrawal, and there is no need to comply with PCI standards. In places where credit CARDS cannot be used or fraud rates are too high, businesses can easily expand new markets. The net result is lower costs, bigger markets, and less administrative costs.

Security and control - bitcoin users are completely in control of their transactions; Businesses cannot force fees that may or may not be found in other payment methods. Paying with bitcoin doesn't have to be tied to personal information in transactions, which provides great protection against identity theft. Bitcoin users can also protect their money by backing up and encrypting it.

Transparency and neutrality - all information about the money supply itself is stored in a block chain, and anyone can check and use it in real time. No individual or organization can control or manipulate the bitcoin protocol because it is password protected. This makes bitcoin's core believed to be completely neutral, transparent and predictable.

Indeed, bitcoin have a lot of advantages in each of us. Iy is very helpful to everyone because it gives hope to the people to earn for themselves nd to earn money for themselves. Bitcoin also is trusted investment. Also it gives to the people have better life because less hassle for them to go anywhere because we all knkw that bitcoin is a digital or what we called a crypto currency.

Kamote_1102

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the advantages of bitcoin are; fast, easy and low-cost transactions. you don't have to go to a bank anymore. you can buy things online using bitcoin. you can invest and earn more money in Bitcoin. and you can do it at home, just by having an Internet connection and a computer or Laptop. you can even do it on your cell phone. Now, I have more time with my Loved ones.

Bolivar_Tony

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Activity: 322

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I think Bitcoin's greatest advantage is having a lot of people involved in investing as well as getting very high prices in the market, Bitcoin currency is now worth the money for investors to invest most . in my country Bitcoin as a croissant for those who know the virtual currency and have experience of investment.

wraithdot

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Quote from: hitrawal91 on March 22, 2018, 11:22:46 AM

There are many advantages of bitcoin and I would like to start with freedom of payment as it is the best advantage of mine where the payment is made from peer to peer where the user gets control over it.The second most important advantage is that it is the reliable and safe mode of payment than cash and Netbanking where we don't need to enclose our personal details like Name, Address, Contact Number etc. And the bitcoin payments are highly transparent and Neutrality where the details are password protected in a Blocks under blockchain address.

The advantage of bitcoin for me is that they're allow anyone who wants to join in it.And that way you can easily get a chance to look over the other side of money for me to have both coins and then we will help financial problems because of the bitcoin.

Varavu

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Quote from: shoujiuhaituo7 on March 17, 2018, 10:36:02 AM

Freedom of payment - any amount of money can be paid and received instantly and anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.

Very low fees - there is no handling charge or very little handling fee for the current payment of bitcoin. The user can include the handling fee in the transaction to obtain processing priority and receive the transaction confirmation from the network faster. In addition, there are merchant processors that help merchants deal with transactions, convert bitcoin into legal tender daily and deposit funds directly into merchants' bank accounts. Because these services are based on bitcoins, they can provide a much lower fee than PayPal or credit card networks.

Reduce the risk of merchants - bitcoin transactions are safe, irrevocable, and do not contain customer sensitivity or personal information. This avoids the loss caused by fraud or fraudulent withdrawal, and there is no need to comply with PCI standards. In places where credit CARDS cannot be used or fraud rates are too high, businesses can easily expand new markets. The net result is lower costs, bigger markets, and less administrative costs.

Security and control - bitcoin users are completely in control of their transactions; Businesses cannot force fees that may or may not be found in other payment methods. Paying with bitcoin doesn't have to be tied to personal information in transactions, which provides great protection against identity theft. Bitcoin users can also protect their money by backing up and encrypting it.

Transparency and neutrality - all information about the money supply itself is stored in a block chain, and anyone can check and use it in real time. No individual or organization can control or manipulate the bitcoin protocol because it is password protected. This makes bitcoin's core believed to be completely neutral, transparent and predictable.

Nice information dude.

Also some of Advantages of Bitcoin.
1. High reliability.
2. Strong growth.
3. Highly secured.
these are the main advantages of Bitcoin. It is occupied in high market capitalisation and high value so all the investors are looking this coin. It is decentralised cryptocurrency this is first advantage of this coin then only all the altcoins are following.

fritzwalter195

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Quote from: shoujiuhaituo7 on March 17, 2018, 10:36:02 AM

Freedom of payment - any amount of money can be paid and received instantly and anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.

This is the best thing ever, down with the banking system monopoly! These people hold our money against our will and enforce horrible interest rates, it's about time!

Semaj123

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Activity: 434

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Quote from: Kousei23 on March 22, 2018, 11:59:47 AM

Quote from: shoujiuhaituo7 on March 17, 2018, 10:36:02 AM

Freedom of payment - any amount of money can be paid and received instantly and anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.

Very low fees - there is no handling charge or very little handling fee for the current payment of bitcoin. The user can include the handling fee in the transaction to obtain processing priority and receive the transaction confirmation from the network faster. In addition, there are merchant processors that help merchants deal with transactions, convert bitcoin into legal tender daily and deposit funds directly into merchants' bank accounts. Because these services are based on bitcoins, they can provide a much lower fee than PayPal or credit card networks.

Reduce the risk of merchants - bitcoin transactions are safe, irrevocable, and do not contain customer sensitivity or personal information. This avoids the loss caused by fraud or fraudulent withdrawal, and there is no need to comply with PCI standards. In places where credit CARDS cannot be used or fraud rates are too high, businesses can easily expand new markets. The net result is lower costs, bigger markets, and less administrative costs.c

Security and control - bitcoin users are completely in control of their transactions; Businesses cannot force fees that may or may not be found in other payment methods. Paying with bitcoin doesn't have to be tied to personal information in transactions, which provides great protection against identity theft. Bitcoin users can also protect their money by backing up and encrypting it.

Transparency and neutrality - all information about the money supply itself is stored in a block chain, and anyone can check and use it in real time. No individual or organization can control or manipulate the bitcoin protocol because it is password protected. This makes bitcoin's core believed to be completely neutral, transparent and predictable.

One of the main advantage of bitcoin for me is that it gives those people who doesn't have any jobs a s long they are hardworking and very good in strategy a earnings. Those people who doesn't have any permanent jobs that here in bitcoin are actually the lucky one because in just very simple way they can earn double money that can earn by a office person. But of course, you need to have enough knowledge here in bitcoin.

Through bitcoin you can definitely have the chance to earn plenty of money as long as you can do your job well. And the advantage of bitcoin is, this is for everyone who is interested to know more about bitcoin. It is also the fast and easy way to transfer money from one to another person.

zissmieus

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Activity: 180

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Quote from: shoujiuhaituo7 on March 17, 2018, 10:36:02 AM

Freedom of payment - any amount of money can be paid and received instantly and anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.

Very low fees - there is no handling charge or very little handling fee for the current payment of bitcoin. The user can include the handling fee in the transaction to obtain processing priority and receive the transaction confirmation from the network faster. In addition, there are merchant processors that help merchants deal with transactions, convert bitcoin into legal tender daily and deposit funds directly into merchants' bank accounts. Because these services are based on bitcoins, they can provide a much lower fee than PayPal or credit card networks.

Reduce the risk of merchants - bitcoin transactions are safe, irrevocable, and do not contain customer sensitivity or personal information. This avoids the loss caused by fraud or fraudulent withdrawal, and there is no need to comply with PCI standards. In places where credit CARDS cannot be used or fraud rates are too high, businesses can easily expand new markets. The net result is lower costs, bigger markets, and less administrative costs.

Security and control - bitcoin users are completely in control of their transactions; Businesses cannot force fees that may or may not be found in other payment methods. Paying with bitcoin doesn't have to be tied to personal information in transactions, which provides great protection against identity theft. Bitcoin users can also protect their money by backing up and encrypting it.

Transparency and neutrality - all information about the money supply itself is stored in a block chain, and anyone can check and use it in real time. No individual or organization can control or manipulate the bitcoin protocol because it is password protected. This makes bitcoin's core believed to be completely neutral, transparent and predictable.

Yes, Bitcoin has a lot of advantages in that the development platform of this virtual currency is considered to be very important to Bitcoin's life, which is the largest and highest price in the market. Bitcoin has a lot of impact on other currencies on the same market as Crypto. I believe in the future there will be no a Bitcoin pass.

feverpitch

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I've read recent news, stiwzerland's banks are planning to make their own cryptobanks which may cover btc and could accept it like a payment tool.

Jambolb2

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Quote from: hibiscus on April 25, 2018, 10:51:53 AM

Bitcoin is the first crypto currency originated in the year 2009.It has the specific characteristics which are useful to the human being to their daily life. It is a decentralized one so there is not any government control over it, and maintains the anonymity. All transactions are recorded in an electronic ledger with block chain technology. By knowing the properties of bitcoin more people are attracted to it for the day trading and investment .It can be usable for the domestic service bill payment and local shopping and for the international shopping as well .Also bitcoin can eradicate the unemployment problems of the educated mass in the world.

Bitcoin is the world no.1 cryptocurrency and just in 9 years it covers the entire world. The reason is that the price if bitcoin is growing day by day and the early investors made thousands of dollars from their investment. This is the big advantage of bitcoin. You can make money by just holding your bitcoin for some time while doing nothing.

pasti kaya

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Quote from: Indra32 on April 28, 2018, 02:08:46 PM

Quote from: Hadji on April 17, 2018, 06:10:06 AM

The first thing that comes to mind is the price, 1: 8000 $, it's not bad. But the main price is the speculation of the price at which many make money, and of course the spirit of adventure, no one knows what will happen in a year, but the risk likes the bold

I think Because it gives big advantage and change many lives like giving chance to the less fortunate. And that is the advantage of bitcoin for me.
Bitcoin itself is a boon to everyone who believes it.

yes, the bitcoin can give jobs to the unemployed to earn income when they want to work bitcoin. maybe it's a bitcoin advantage.

btc_angela

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Quote from: PSL on April 30, 2018, 06:05:19 AM

Bitcoin has advantages both as an investment tool and as a means of payment.
Since there is no way for third parties to identify, track or intercept transactions that are denominated in Bitcoins, one of the major advantages of Bitcoin is that sales taxes are not added onto any purchases. You can also use mobile payments - you can pay everywhere if you have Internet access.

Well you don't have to pay taxes if you are just holding bitcoin. But once you exchange it to your fiat, you might have to incurred and pay taxes to the government. This is one of the reasons why government doesn't want to adopt bitcoin because its a way to hide your money. But if we can work it out with them, at least in the middle ground and let's say they we will pay take as long as they will regulate it. I think its a fair for both party.

PSL

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Bitcoin has advantages both as an investment tool and as a means of payment.
Since there is no way for third parties to identify, track or intercept transactions that are denominated in Bitcoins, one of the major advantages of Bitcoin is that sales taxes are not added onto any purchases. You can also use mobile payments - you can pay everywhere if you have Internet access.

BitProCoin

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Bitcoin has many benefits. Bitcoin makes payment transactions fast and convenient. Whatever form of transaction, using Bitcoin is still faster than regular bank transfer.

rimueng agam

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Probably bitcoin has some advantages that start from the transaction no one knows and no one controls and from this bitcoin can also make other money by doing trade and mine, and bitcoin is the most perfect currency among other currencies.

Jaemouns

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Quote from: Maximo1 on April 28, 2018, 02:57:25 PM

For me, there are a lot of advantages of bitcoin,can give financial stability which everyone needed most ,open an opportunity to those jobless people,it serves as another source of income and can reduce global problems.

It is more advantage if you have a lots of bitcoin it is because bitcoin has a higher money value than ordinary coins.

Khalp1

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Quote from: shoujiuhaituo7 on March 17, 2018, 10:36:02 AM

Freedom of payment - any amount of money can be paid and received instantly and anywhere. No bank holidays, no borders, no imposition. Bitcoin allows its users to completely control their money.

Very low fees - there is no handling charge or very little handling fee for the current payment of bitcoin. The user can include the handling fee in the transaction to obtain processing priority and receive the transaction confirmation from the network faster. In addition, there are merchant processors that help merchants deal with transactions, convert bitcoin into legal tender daily and deposit funds directly into merchants' bank accounts. Because these services are based on bitcoins, they can provide a much lower fee than PayPal or credit card networks.

Reduce the risk of merchants - bitcoin transactions are safe, irrevocable, and do not contain customer sensitivity or personal information. This avoids the loss caused by fraud or fraudulent withdrawal, and there is no need to comply with PCI standards. In places where credit CARDS cannot be used or fraud rates are too high, businesses can easily expand new markets. The net result is lower costs, bigger markets, and less administrative costs.

Security and control - bitcoin users are completely in control of their transactions; Businesses cannot force fees that may or may not be found in other payment methods. Paying with bitcoin doesn't have to be tied to personal information in transactions, which provides great protection against identity theft. Bitcoin users can also protect their money by backing up and encrypting it.

Transparency and neutrality - all information about the money supply itself is stored in a block chain, and anyone can check and use it in real time. No individual or organization can control or manipulate the bitcoin protocol because it is password protected. This makes bitcoin's core believed to be completely neutral, transparent and predictable.

The advantage of bitcoin is that bitcoin transaction between two individuals take place without any third party involvement. No one can control your money. No bank, no central authority or any government organization. Nothing can control it. It is totally decentralized money.Second bitcoin is it’s transfer, verification and generation everything is dependent on common public. Everyone can contribute in Bitcoin verification or generation.Third there's a lot of opportunity to those people are jobless can earn more money.

Etoasiatsxxx

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The Future Of Work

For me I think the advantages of Bitcoin is because it is a digital currency so you don't need to carry much money in your pocket, you just need a digital devices that needed to use the Bitcoin and then you can buy anything you want with Bitcoin. And you can also use it for paying bills online.

Danlopz

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Quote from: Welhell on April 27, 2018, 04:49:31 PM

First of all, absence of a third party in the transfer of money and you can send as much money as you want on. Other than that, few fee than other money tranfer system's. And its more protectable.

Bitcoin is a virtual currency providing efficiency, transparency, and resilience. its ability to rise very high within a short span of time allowing its holders to gain huge profits by investing little money, there is no need for intermediaries in transactions such as banking. Many entrepreneurs will come to use virtual currency. Instead they bring money to money changer better using virtual currency. virtual currency also has the benefit of decentralization because it is spread across thousands of servers belonging to the miners. This causes the risk of data loss becomes minimal because there is a copy of data on other servers.

romeo23

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Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator.Bitcoin is the trading standard of the industry. Most investors I know don’t look at the USD price of tokens, but look at the BTC price and gauge value that way. It is the universal standard of valuation. It is not a great platform or particularly easy to use.

Topic: The advantages of bitcoin - page 11. (Read 2220 times)