Topic: the benefits of managing bitcoin - page 2. (Read 4642 times)

Benefits gained

# 1 Instant Transfer in Peer to Peer
Peer to peer means running without having a central server.

The storage server is decentralized and distributed. The server is shared with each user connected to the network.

 

# 2 Transfer Anywhere
Unlike gold, bitcoin can be sent anywhere in seconds, whenever and wherever you want. Money transfer with bitcoin can occur only with the capital of a smartphone and internet connection.

You can make transfers to the whole world, as long as you are connected to the internet. Bitcoin will be saved into Bitcoin Wallet. This wallet must be installed on both sides, with PC / laptop, tablet or smartphone.

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After installing the wallet, you will get a Bitcoin Address. Transfer is very easy.

Open the wallet application, enter the address of the opponent's transaction and the amount you want to transfer, then send.

 

# 3 Very Small Transfer Fee
Shipping costs can be removed, even free. However, to speed up transactions, usually your bitcoin wallet will cut costs around Rp500 - Rp3,000. No matter how much money you send.



# 4 Transactions Are Irreversible
The transaction is irreversible. That is, once transferred cannot be canceled.

Bitcoin is given to someone else, the transaction cannot be canceled, unless the person is willing to send it back.

 

# 5 Pseudonymous Transactions
All transactions that have been done, even the bitcoin balance that someone has can we see. However, we do not know who the owner of the bitcoin address is, if the owner does not notify him.

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Every bitcoin user can actually choose whether or not his name wants to appear. However, even if the user wants to keep his identity confidential, all transactions remain recorded and can be monitored by the public.

 

# 6 Bitcoin is not controlled by any institution or government
Bitcoin that uses the Blockchain database is not controlled by a party, but is very open to the public. This would be impossible for someone to fake transactions on the Blockchain.

All transactions are recorded directly, transparently, and distributed to millions of servers. Those who want to change or fake bitcoin transaction data, must hack millions of servers at the same time.

 

# 7 Limited Amount
The number of bitcoins is only 21 million bitcoins worldwide.

Bitcoin creation system that continues to decrease every 4 years resembles an economic system, which is based on deflation. With the increasingly limited supply of bitcoin, bitcoin prices tend to rise.

there are so many benefits, if I can be given the opportunity to manage I will do a lot of things, of course like for example I will give certainty to pay the project coins that have been completed instead of giving them an uncertain hope
so many members now that manage bitcoin are mostly irresponsible.

managing bitcoin well will give you a good profit, by knowing the price in the market, you can manage the time to buy and sell bitcoin so that if you are good at managing trade you can benefit, from managing bitcoin

Bitcoin is influenced by its users, therefore it is very necessary to manage Bitcoin with discretion on the market. The attitude of raising negative comments about Bitcoin when the price goes down only worsen the situation as it creates further FUD in potential investors.
Let's stay positive for Bitcoin and it will rise.

I think it's true that if we only talk about the price of bitcoin, it will only make people panic, trying to think clearly if bitcoin in the long run will definitely benefit. of course if managed properly the country will benefit

I like btc and have bought some coins for the long-term keep. Now I am still waiting for the market to recover. I want to gain profit from selling coins at a higher price than i bought them

Probably Yes. However, it seems to me that the question to a greater extent depends not on who will manage, and who will be the guarantor of the cryptocurrency. In this regard, it is easier for any country to create its own currency than to try to take control of bitcoin (especially since it is technically impossible).

this is excluded, because as soon as it becomes directly managed, it will stop investing those who invested in it because of its main properties: decentralization

When you manage something good, you will know what you have and reassure yourself about it. Bitcoin management is the same.

Yes, hopefully I, in a country that has not legalized bitcoin, can quickly legalize it, because it is a great benefit to bring the economy of the country and its citizens to good

More benefit we can take if can manage bitcoin well, where we can know when have to buy or sell bitcoin to get profit, many people still do not know about correct time have to buy and sell their bitcoin asset and make them have lost much with bitcoin.

Bitcoin adoption allows for acceptance in a wider form. The more bitcoin it is accepted, the more bitcoin spreads to other parts of the world. Because this is a common currency and there is no one party that has dominance, it will be a little difficult about how the regulations will be set later.

to legalize it now, maybe that is true. because if there are already many who use it, of course the price will rise high. and from there people in country are increasingly prosperous

Thank you for listing down the benefits of managing bitcoin in simplest terms for me to understand. Also, I do understand that with bitcoin we do not need to reveal our identity to people or so-called having the third party.

Bitcoin administration is extremely troublesome for individuals however the individuals who are working for crypto and they are getting things done in a group they are making an arrangements for this cash and they fruitful later on now the vast majority of the general population are exchanging some of them are contributing while some of them are simply working for bitcoin clients to get bitcoin as an installment so it is imperative for us to oversee bitcoin to glad in future.

There has been so many average men who had become millionares and enjoy the company of their loveones because of bitcoin. Bitcoin has given them financial liberty and enables them to spend more time with their families. I myself would want to achieve this to be able to spend more time with my love ones not to miss out special occasion because i have to work 8-hr jobs that pays less not enough to give a good life for my children. If my investment would grow potentially i will surely resign from my job and just fucos on bitcoin just like my co workers did.

what is certain is that the economy of the community will run well while boosting their economy, and the poverty rate will be reduced dramatically. and the government remains vigilant about bitcoin, because many of its special perpetrators of crime use bitcoin as a tool for their criminal activity transactions.

It doesn't matter if Bitcoin price is 20.000$ or 6.000 $. It's pirpose and tech behind it is stil the same and serves us the same.

The management of bitcoin will have many benefits. Bitcoin will continue to provide benefits and can add a lot of income. Then manage the bitcoin that you hold as well as possible in order to have profits and remain an asset in the future.

I think the way you say it is good for us, but if you think far out I think it will not be as bright as the way it is alone than it is maintained or protected anymore. It still does so and has done so already. For better, let's wait for the time to reply to us.