Topic: The advantages of bitcoin - page 28. (Read 2206 times)
You are right but I'm sorry I can't agree with the second one. The one with " very low fees". I don't think the fees are very low nowadays. The figure is much higher than it should be. Even if you are looking for some cents (BTC) to trade still you have to pay a good amount of money (Dollar for example). But the rest of the advantages are all good.
The advantages of bitcoin that I know of.
1. Bitcoin operates independently and is not under the control of any government.
2. Bitcoin has high security, simple and fast payment.
3. You can use bitcoin anywhere in the world.
4. The bitcoin market is expanding around the world.
1. Bitcoin is under the control of banks and governments. We provide all documents for trading on stock exchanges. Coinbase recently 1. Bitcoin operates independently and is not under the control of any government.
2. Bitcoin has high security, simple and fast payment.
3. You can use bitcoin anywhere in the world.
4. The bitcoin market is expanding around the world.
handed over to the government data about 13000 of their accounts.
2. The bitcoin code is not compromised. But our bitcoins can be stolen from the stock exchange or wallet.
3. There are some countries that prohibit the use of bitcoin on their territory. Make purchases for bitcoin is also very problematic anywhere
in the world except Japan.
If you use security on your system and keep your private keys safely then nobody will hack your wallet.
You can buy bitcoins but you must pay tax for your profit this is the rule in many countries around the world.
From what i see, with bitcoin anyone, from any country, of any age can accept Bitcoins within minutes. There is no ID card, passport or proof of address that all conventional banks required to open an account. All you need to do to start sending and receiving Bitcoins is to download a Bitcoin Wallet program and generate a Bitcoin Address.
Yes, I agree. Bitcoin has many advantages that benifits the user. It is accessible, you only have to do is that to an internet access. Bitcoin is also investing without any profit that's why lay people can join even a college student also. That's bitcoin is reliable in some instances. 
There are a lot of advantages of Bitcoin…
First of all it is the king of crypto currency market mean to say Bitcoin holder will never go in loss.
Its value rising speedily day by day. And if we talk about its security than its transaction are very secure no third party.
The very good thing that I am seeing with bitcoin aside from the fact that some people are doing it as their way of investment is that bitcoin makes our life comfortable when it comes to transacting things out, easy to pay bills, cash in cash out, transferring money. First of all it is the king of crypto currency market mean to say Bitcoin holder will never go in loss.
Its value rising speedily day by day. And if we talk about its security than its transaction are very secure no third party.
Very Low Fees. Currently there are either no fees, or very low fees within Bitcoin payments. ... Digital Currency exchanges help merchant process transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.
There are a lot of advantages of Bitcoin…
First of all it is the king of crypto currency market mean to say Bitcoin holder will never go in loss.
Its value rising speedily day by day. And if we talk about its security than its transaction are very secure no third party.
First of all it is the king of crypto currency market mean to say Bitcoin holder will never go in loss.
Its value rising speedily day by day. And if we talk about its security than its transaction are very secure no third party.
The advantages of bitcoin that I know of.
1. Bitcoin operates independently and is not under the control of any government.
2. Bitcoin has high security, simple and fast payment.
3. You can use bitcoin anywhere in the world.
4. The bitcoin market is expanding around the world.
1. Bitcoin is under the control of banks and governments. We provide all documents for trading on stock exchanges. Coinbase recently 1. Bitcoin operates independently and is not under the control of any government.
2. Bitcoin has high security, simple and fast payment.
3. You can use bitcoin anywhere in the world.
4. The bitcoin market is expanding around the world.
handed over to the government data about 13000 of their accounts.
2. The bitcoin code is not compromised. But our bitcoins can be stolen from the stock exchange or wallet.
3. There are some countries that prohibit the use of bitcoin on their territory. Make purchases for bitcoin is also very problematic anywhere
in the world except Japan.
The advantages of bitcoin that I know of.
1. Bitcoin operates independently and is not under the control of any government.
2. Bitcoin has high security, simple and fast payment.
3. You can use bitcoin anywhere in the world.
4. The bitcoin market is expanding around the world.
1. Bitcoin operates independently and is not under the control of any government.
2. Bitcoin has high security, simple and fast payment.
3. You can use bitcoin anywhere in the world.
4. The bitcoin market is expanding around the world.
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.
I have read similar articles like this, it has been repost many times on some blog webs, some source 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.
https://steemkr.com/bitcoin/@crypt07/what-are-the-advantages-and-the-disadvantages-of-bitcoin-hot-discussion
you need to put your articles resource, even though you modify few words of it but credit should be to original poster.
Bitcoin are interesting discussion topic, with many of advantages it still having many room for development. However, over time we find that Bitcoin often has transaction fees problems. At the time, network was flooded with many transactions per second which exceeds its capacity, many tx was being stuck for a week even more, and increasing tx fees was important thing as solution to avoid this.
The advantages of bitcoins are:
It provides individuals to earn huge amount of profits in a short period of time due to its volatile nature.
It has made transactions throughout the world possible. It provides pseudoanonymity in its transactions and hence the information of the sender and reciever is kept private. Also the transaction fees is much low.
There is transparency in its transactions as all the information is recorded in its blockchain.
Yes bitcoin gives us a way to earn good amount of money in short period due to its volatility but we need to use bitcoin as a Money not as a Money making tool if we continue to do then bitcoin may not last long much longer so we need to hold bitcoin as much as possible.It provides individuals to earn huge amount of profits in a short period of time due to its volatile nature.
It has made transactions throughout the world possible. It provides pseudoanonymity in its transactions and hence the information of the sender and reciever is kept private. Also the transaction fees is much low.
There is transparency in its transactions as all the information is recorded in its blockchain.
And it gives us the decentralization technology so we don't need anyone help to transfer money anymore.
I think bitcoin has many advantages that other currencies do not have. Bitcoin active dam set up. bitcoin direct payment transactions. Bitcoin is not administered by any country. It has high security, simple payment quick.
The decentralized concept behind BTC is intended to bring about equal rights and implicit relative equality of wealth.
The result is a wealth distribution that is more unequal than the real world.
BTC's advantages can also be a weakness!
The result is a wealth distribution that is more unequal than the real world.
BTC's advantages can also be a weakness!
The advantages of bitcoins are:
It provides individuals to earn huge amount of profits in a short period of time due to its volatile nature.
It has made transactions throughout the world possible. It provides pseudoanonymity in its transactions and hence the information of the sender and reciever is kept private. Also the transaction fees is much low.
There is transparency in its transactions as all the information is recorded in its blockchain.
It provides individuals to earn huge amount of profits in a short period of time due to its volatile nature.
It has made transactions throughout the world possible. It provides pseudoanonymity in its transactions and hence the information of the sender and reciever is kept private. Also the transaction fees is much low.
There is transparency in its transactions as all the information is recorded in its blockchain.
Simply the decentralization is the biggest and new revolution on the currency technology and the other things are easy transaction and safest form of currency but the problem is that people not using bitcoins as currency they using as bump and dump coin.
The advantage of bitcoin, you dont need to work under the sun to make money, you dont have salestalk your customers to earn money, in bitcoin you just have to invest or post to earn money.
You have actually limited the Bitcoins capabilities with your posting observation.
There is much more in Bitcoin then posting. Bitcoin is striving towards the implementation into country regulated economics and this current investment status that is depending on the fluctuations is just temporary happiness for the certain investors that are expecting to get rich in a long term.
I believe that the future will hold much more opportunities for the Bitcoin as such and that it will be used as a current with the stable value which it is striving for.
The bitcoin advantages is gives chance to the people to invest, that gives good profit, people has a freedom to invest. We can use bitcoin for payments online that its fast. Bitcoin has no taxes, it cannot control by the government, and they don't control bitcoin.
For me the biggest advantage of Bitcoin is saving in cost and time by using the power of decentralization to confirm the transaction instead of relying on the centralized authorities and waiting for their actions. Bitcoin is not just a payment tool but it is providing more benefits as compared to that of traditional payment system. Even though there are some issues on which we have to find concrete solution but I am optimistic about the future and I believe that we will have a very user friendly model in the coming time along with supportive market environment.
The main advantages of bitcoin is investment.Invest btc get a lot of profit.Bitcoin helps many more people by earning money.Bitcoin also provides it's users a way to earn good amount of money.These are some advantages of Bitcoin which make it better than other cryptocurrencies.
Bitcoin is a trusted digital currency. bitcoin has the following advantages:
1. The bitcoin market operates around the world. You can access bitcoin anywhere.
2. Bitcoin is highly secure, simple and fast.
3. Bitcoin is not under the control of any government.
1. The bitcoin market operates around the world. You can access bitcoin anywhere.
2. Bitcoin is highly secure, simple and fast.
3. Bitcoin is not under the control of any government.
there are either no fees, or very low fees within Bitcoin payments.
Bitcoin exchanges help merchant process transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.
Bitcoin can be backed up and encrypted to ensure the safety of your money.
Allowing users to be in control of their transactions help keep Bitcoin safe for the network.
Bitcoin exchanges help merchant process transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.
Bitcoin can be backed up and encrypted to ensure the safety of your money.
Allowing users to be in control of their transactions help keep Bitcoin safe for the network.
Jump to: