The advantages of bitcoin - page 5. | Bitcointalksearch.org

Kriptex

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Quote from: ?? on ??

Nice info buddy. Also lot 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 capitalization and high value so all the investors are looking this coin. It is decentralized cryptocurrency this is first advantage of this coin then only all the alt coins are following.

These are true, I want to add more things. They are the most significant ones for me.

-Cheap money transfers globally.
-Extremely fast delivery. The recipient doesn’t wait too long.
-High market value.
-As an asset, investment chance.

rysheeer

newbie

Activity: 196

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It is a peer-to-peer transaction, there's a ledger where the transactions are recorded and it is stored in the blockchain in which it can't be removed, it is decentralized, it has low fees, and it can't be fake, unlike paper currency.

MendozaCharles

member

Activity: 125

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I think that the advantages of Bitcoin are not significant, but to the present Bitcoin is still ranked high on the international market with other currencies and Bitcoin is in 6th place, in the future, this currency will grow higher. And there are more advantages nowadays if well protected.

eroejoe

member

Activity: 602

Merit: 54

ツ

Bitcoin has many advantages and disadvantages. I think that, the biggest advantage of Bitcoin is that it is decentralized.

DLMM

newbie

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As you say, bitcoin is the largest currency in the world, Bitcoin is still in high demand. Bitcoin numbers are limited to 21 million. When it reaches the upper limit, Bitcoin will become rare and its price will increase dramatically, bitcoin can reach $ 20000.

Bugcoin5

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Quote from: shoujiuhaituo7 on March 17, 2018, 11:36:02 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.

Here some advantage of Bitcoin
Quick and Cheap Transactions
Anonymous and Private
Irreversible Transactions
No Paperwork
Appreciating Value
You can create your own money
Non-Inflationary
People can’t steal your payment information from merchants
Central governments can’t take it away
Fewer risks for merchants

GamingBro

sr. member

Activity: 434

Merit: 251

Bitcoin hiding many advantages, my favorite are free transactions all over the world, no taxes, no banks. I can't trust to my governmnent anymore unfortunatly but i can use bitcoin. Grin

rocketbits

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Activity: 532

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Bitcoin has lots of advantages but it doesn’t have full security or guarantee that you’re 100% safe cause you are still taking the same risk you take when making use of fiat, and even 50% more if the risk. If you’re making use of fiat, you’re more safe when doing business than when you’re making use of Bitcoin. Well, I won’t really explain that, cause it’s a long talk. As for the advantages, first thing I like bait Bitcoin is the speed in making international transactions which takes less than 10 minutes and the transaction fees we pay are way too low than we will do in banks when sending money to someone in a different country.

efxtrader

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Activity: 924

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GoMeat - Digitalizing Meat Stores - ICO

Quote from: aurorabitcoin.96 on May 04, 2018, 01:11:31 PM

So, after i see all of advantages for Bitcoin.
I am still scare this Crypto will used for Evil-Activity or Money Laundring?
Greedy governor will hide their money in Bitcoin and yah, I am curious how we fight against it?

I think its not just bitcoin used for illegal activity. Indeed bitcoin have advantages on anonymity but its doesnt mean bitcoin mostly used for illegal activity. Its depending on bitcoin holder.
Bitcoin many advantages beside anonymity, like lower transaction and instant transfer and for investment, bitcoin have limited supply and thats make bitcoin price always increasing

KingdomHearts

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Activity: 896

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Quote from: Ajinomoto40 on May 01, 2018, 02:31:41 AM

Quote from: shoujiuhaituo7 on March 17, 2018, 11:36:02 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 bitcoin has many advantages that can help people to make their life better. In bitcoin you can earn huge profits because it's value is extremely amazing, the bitcoin is decentralized so no one can control it or manipulate it.

Bitcoin is a love for numerous reasons. No one in his or her senses go against bitcoin if he or she is a true lover and supporter of crypto market. Bitcoin is the enchanting creation of the digital world and people are still not able to understand it completely. No one is aware of the real potentials and powers of bitcoin. Why I like it is because of the records it set off and on in the market.

kauban2018

member

Activity: 271

Merit: 10

I totally agree with these advantages listed that's why Global Economy somewhat change through the help of Bitcoin. Like for the OFW's they can now send money to their respective family with very low fees compare to bank transactions with high interest or fees to pay. OFW's also have the freedom on how much they will going to pay or send which will surely help them. Nowadays, hackers do totally exist, we can't even make sure to whom we will going to give our trust due to lack of securities on every businesses but as what is indicated that bitcoin doesn't ask any personal information which means any personal data can surely be kept by your own self. And through the protection of bitcoin by backing up and encrypting people can now be secured to their personal data.

spartan82

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Bitcoin is reach the all country people. So it good for future growth using. people will be learn more information from bitcoin. It any time to use and any where to use. Most of the people gather more information in the market place. It digital currency so it easy to use. But before use the bitcoin you know the all process. It connect the all country business. So it help to easy way to improve the future business and improve the people future. If people will be improve country will be improve.

farwellbit

full member

Activity: 287

Merit: 102

Quote from: luigi3 on May 02, 2018, 07:22:15 AM

Your giving tips was so helpful ,but i have some advantages like bitcoin was using blockchain and thats was so very good,bitcoin has fast transaction,we can use it any anywhere we are,also bitcoin can be your alternative banks.

No matter how hard we plead to have more supply of bitcoin, this is not going to happen. Nobody is going to grant our innocent wish. But that is good too. If this happens, there are high chances of bitcoin losing its present fame and more than that, it may also not grow as much as it does now. Besides, anyone who really wants to invest in it has the chance to do so. I am happy with present situation.

Yunbalo

newbie

Activity: 191

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Bitcoin has many advantages such as in fast transaction, low cost and transaction at all times. But there are many disadvantages such as the price of BTC fluctuations too high. can increase the $ 1000 in just a few hours. So it's very dangerous to keep and keep the hackers from stealing our account.

Magkirap

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★Bitvest.io★ Play Plinko or Invest!

Quote from: ninio on March 22, 2018, 11:30:18 AM

advantages of bitcoin are it makes the mode of payment easily sending money to others is instantly fast like sending text also no tax in every transaction such a small transaction fee also you can buy some stuffs by the use of bitcoin and you can earn lots of money by bitcoin.

Actually, there are many advantages of bitcoin like you can able to use it in some mode of payment. In addition to that, the biggest advantages of bitcoin is in investment and we all know that it is good investment where you can assure that you could make huge amount of income and money. Lastly, bitcoin really help us to make and earn a lots of money.

fullhdpixel

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Activity: 2828

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Quote from: mojtabanikookal on May 02, 2018, 06:41:30 AM

The main advantage of bitcoin is that no one can block your wallet and forbid you to buy what you want. Using proxies and different wallets, you can achieve 100% anonymity

If you have invested your money into the bitcoin and that you have some bitcoins placed in your wallet and that you have some good information and knowledge regarding the things related to the bitcoin and the crypto currencies and above all, you have some good patience level, then you will surely be able to earn as much amount of money as you want to because of bitcoin and that it will surely help you in getting richer.

ricardobs

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Activity: 1204

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Quote from: Monnt on May 01, 2018, 02:49:21 AM

Quote from: Brangos99 on April 26, 2018, 06:58:56 AM

What I like about bitcoin excess is the cheap bitcoin transaction process. What do you say. Your credit card transaction also happens instantly? Yes, it is true. But your merchant (and maybe you) for that privilege. Some people charge for debit cards, because they have to pay 'friction money' to meet their demands. Bitcoin transaction costs are minimal, or in some cases free. Bitcoin transactions, however, are generally much faster.

Bitcoin is advantageous in all proportions and is the most helpful among all the crypto market as well as the whole global market products. People are now using the most frictionless system of transferring amount from one corner of the world to another corner of the world with in seconds, this process needs seconds to complete. This is the most advantageous system and is good for government too to take benefit and reduce the wastage of money and to boost their economies.

Bitcoin is full of all amazing features which had actually grown into the need of rich people. If we look at the reason behind its creation, we come to know the most amazing feature. Decentralization is the main idea which has saved millionaire from high taxes and charges. They also enjoy speed in transactions. Other than this, security and anonymity are also highly cherished. One can demand for nothing more.

Monnt

legendary

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Quote from: Ajinomoto40 on May 01, 2018, 02:31:41 AM

Quote from: shoujiuhaituo7 on March 17, 2018, 11:36:02 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 bitcoin has many advantages that can help people to make their life better. In bitcoin you can earn huge profits because it's value is extremely amazing, the bitcoin is decentralized so no one can control it or manipulate it.

There are so many advantages of the bitcoin and that you can only get to know about all the advantages which bitcoin can help you in having when you will be done with studying all the necessary information related to that of the bitcoin and the other crypto currencies. There can be no other thing which can be this much helpful to you as is bitcoin when it comes to that of the making of money.

lokanot0

newbie

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For me the advantages of bitcoins is that is earns you a lot of money and it is easier and safer to use on transactions. These two are a perfect combination for a good cryptocurrency.

Intersan

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Quote from: Gudhal Untu on May 04, 2018, 11:00:50 AM

Which I feel is a lot of benefits when using bitcoin, and that among other things can send money to various world faster, cheaper and certainly safer, I do not need to queue when in the bank and not to worry about the cost to send money to various country.

True, payment transaction is the one advantage of bitcoin. Like what you said the fast transaction, in this kind of transaction they don't need to go anywhere to get money instead internet only is needed.

Aside from payment transaction, the advantage to other currency is the price that in just a moment you can earn huge profit.

Topic: The advantages of bitcoin - page 5. (Read 2206 times)