This is why bitcoin is unique. - page 3.

Lucius

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What is even better is the fact that in such transactions, banks earn 0% and this is what bothers them the most. These greedy bastards certainly do not sleep peacefully because they are aware that there is a financial system that completely bypasses them and that they have not been able to destroy it despite ruling the world from their ultra expensive penthouses somewhere in the clouds.

Quote from: davis196 on April 13, 2020, 07:16:00 AM

I hope that the individual(or company),sent the bitcoins to the right receiving address. Grin

Address 1Kr6QSydW9bFQG1mXiPNNu6WpJGmUa9i1g is connected with Bitcoin.de, CoinPayments, Huobi, Xapo, Bitrex, and I guess this is some big player moving coins around.

davis196

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Quote from: elmanchez on April 12, 2020, 03:33:49 PM

Transfer of more than 1 billion, US dollars, and a commission of 0.7 cents.

Which bank will allow you to do as well?
That is why bitcoin is a great creation.

https://www.blockchain.com/btc/tx/b36bced99cc459506ad2b3af6990920b12f6dc84f9c7ed0dd2c3703f94a4b692

I hope that the individual(or company),sent the bitcoins to the right receiving address. Grin

I also hope that this isn't some crypto whale billionaire,who is currently selling all his bitcoins for fiat.
Yeah,the transaction fee is ridiculously low,but the blockchain hasn't been stuck with lots of pending transactions.I'm not familiar with the bank fees,when it comes to sending large sums,but the fee must be somewhere around 0,5% of the entire sum.

Flickkk

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Earning bitcoin without takibg a risk is very worth.
It is easy to decide to exchanging bitcoin into a fiat money.
Not only bitcoin is unique. Other main coin also that are accepted in an app where you can use cryptos in transaction for eload .

LogitechMouse

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Quote from: elmanchez on April 12, 2020, 03:33:49 PM

~
Which bank will allow you to do as well?
That is why bitcoin is a great creation.
~

This is why some of the rich people are supporting Bitcoin because you can transfer huge amounts of money with only a small amount of fee and without sharing their personal information.

Bitcoin and banks are unique in their own way for me. We know already that banks are the ones who is being used by most of the people worldwide since not that many are using crypto. Either way, this will not help in advertising crypto or attract people to use crypto instead of banks because they don't know how to do it and they are more convenient if they will just transfer their money thru banks instead of crypto but time will come that more and more people will be using crypto to transfer money to other people.

CHENIEN

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Bitcoin currency is unique compared to fiat currency ,for example paper money this is probably that this is not for a long term period there is a possibility that it will be broken and stolen and it would also performing some characteristic of dirt and bacterium from hands of different people day by day basicly Bitcoin is absolutely free from hazard and away from risky even more volatility whereas it is a digital currency for a new world and it's suitable to used .

mahilchii

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Bitcoin is the pride of crypto currency and obviously I agree it's unique, we can clearly understand how is leading crypto currency provides potential benefits to it's users.

Mobile access is making us more convenient and obviously we can avoid traveling to buy product or many stuff additionally any transfers in bitcoin happens very quickly, Bitcoin facilitates us in many ways and I am sure it's going to rule the world in few years.

isaac_clarke22

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Quote from: lucasholder on April 12, 2020, 04:45:28 PM

I'm fairly sure it's possible for billionaires to make 0 fee transfers between banks. That being said, tere are much more interesting features of Bitcoin:

- Its fixed and immutable money supply.
- Its pseudonymity.
- Its censorship resistance. You don't need anyone's permission to participate.
- Its digital, you can theoretically store a wallet in your head.
- etc.

Third is like freedom in other words, and I feel like that would encourage even the Gen Zs to put their money here in crypto so that they're free to buy anything with truly their own money without having to worry any other online methods that requires KYC verifications.

Assface16678

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It is easier to transfer funds with the help of the bitcoin because it is secured at the same time it has low transaction fee, and this is the reason why the people most of the time used to transfer their funds if you move your finds in the back at that vast amount it has a substantial cost too, so it is good also to make the transaction with the help of it. There are a lot of benefits with the use of bitcoin like today there are a lot of stores accepting the use of bitcoin as payment, and this is an excellent adaptation they can now make a massive change by this kind of technology innovation.

Nunoluck

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This can save cost in large quantity. Maybe companies in the future will use bitcoin for their transaction. Companies always compete to use and create inovations in order to save cost and increase value. This Bitcoin uniqueness is a solution for them. Although there are some misunderstanding among the comunity about bitcoin that usually used for money laundring but in fact, bitcoin is the money that has the highest level of transparancy in history. I hope all government will allow companies to use bitcoin as payment method.

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Quote from: shoreno on April 13, 2020, 01:40:17 AM

i dont believe of such stable demand . people also sells and people also quits on btc but there are also enters so it simillars to unstable just like its price .

also we missed the part that btc can go down upon sending or transfering your btc but this isnt a problem anymore because the value of btc can always regain but what important here is that you can transfer huge sums in a less hassel way plus you also save a tons of fees compare to when using other money transfer methods .

Once again when you're operating with bitcoin and transfer it freely without a permission of your bankers, you don't need to care much about price fluctuations whatsoever. You just sent online a big amount of valuable asset with almost zero fee amount and more importantly you had even less amount of issues sending it. This fact itself makes this asset more valuable than any government money ever created. Once you started to use bitcoin because of its valuable qualities then stick to it and continue to use it without exchanges to fiat money that can be controlled, inflated, debased, confiscated and manipulated through increase of supply. Who cares about short-term and temporary volatility of bitcoin when everything else is way worse?

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Quote from: elmanchez on April 12, 2020, 03:33:49 PM

Transfer of more than 1 billion, US dollars, and a commission of 0.7 cents.

actually this (paying low fees) is only one of the reasons why bitcoin is unique, and a small reason at that.
a much more important reason, for example in this case, is that you don't have to answer to anyone or rely on anyone to move your own money. if it were a bank you'd have to jump through a lot of hoops to get the funds moving and answer a lot of things about why where and what you are going to to do with the money to a lot of authorities.

shoreno

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Quote from: witcher_sense on April 13, 2020, 12:38:01 AM

Quote from: ranochigo on April 12, 2020, 10:05:56 PM

And at the same time, before the transfer gets confirmed, your 1 billion USD worth of Bitcoins could suddenly become a few hundred million less. While it's true that Bitcoin has quite a few upsides, you can't deny that there are some intrinsic advantages to fiat that Bitcoin can't match. I'm not dissing Bitcoin or anything but when the market isn't regulated and backed by anyone, Bitcoin would remain this volatile for a very long time.

You missed that part about fiat when your billion of dollars are slowly losing its value and you can't stop this, you even can't use these dollars as store of value. You think that dollar is stable, but its stability is merely delusion. When demand for dollars increases, the FED enlarges supply, which means regulated and backed for you. Demand for bitcoin is not stable right now, it can fluctuate throughout a day, but supply remains the same, no one can control it and produce more in response of increased demand. Thats why bitcoin is volatile, it is discovering a price until adoption is finally spread enough for stable demand.

i dont believe of such stable demand . people also sells and people also quits on btc but there are also enters so it simillars to unstable just like its price .

also we missed the part that btc can go down upon sending or transfering your btc but this isnt a problem anymore because the value of btc can always regain but what important here is that you can transfer huge sums in a less hassel way plus you also save a tons of fees compare to when using other money transfer methods .

CarnagexD

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Bitcoin is one of the most profitable things we have because it lessens the transaction fee and this is good well to us because like if you are trying to make the transfer for over 5k dollars of bitcoin over the other wallet, it does not require too much transaction fee most of the time it consumes more or less over five dollars just a few, and this is what I like in bitcoin also you can use the bitcoin to other kinds of stuff because there are a lot of stores today accepting the use of bitcoin payment just sending the address or just scanning the barcode and immediately it is directed to their funds as payment

witcher_sense

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Quote from: ranochigo on April 12, 2020, 10:05:56 PM

And at the same time, before the transfer gets confirmed, your 1 billion USD worth of Bitcoins could suddenly become a few hundred million less. While it's true that Bitcoin has quite a few upsides, you can't deny that there are some intrinsic advantages to fiat that Bitcoin can't match. I'm not dissing Bitcoin or anything but when the market isn't regulated and backed by anyone, Bitcoin would remain this volatile for a very long time.

You missed that part about fiat when your billion of dollars are slowly losing its value and you can't stop this, you even can't use these dollars as store of value. You think that dollar is stable, but its stability is merely delusion. When demand for dollars increases, the FED enlarges supply, which means regulated and backed for you. Demand for bitcoin is not stable right now, it can fluctuate throughout a day, but supply remains the same, no one can control it and produce more in response of increased demand. Thats why bitcoin is volatile, it is discovering a price until adoption is finally spread enough for stable demand.

Wexnident

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That's just one part of it tbh, and only a minority would actually acknowledge that fact. Do remember that majority of the people in the world don't even have the chance to actually earn more than a million dollars (Save up). Most of the uniqueness of BTC comes from it being a digital currency, it pretty much gives you anonymity when doing transactions and well, pretty much a lot easier to use compared to fiat. Being decentralized as well gives you quite a lot of freedom when using it.

Quote from: GDragon on April 12, 2020, 11:25:06 PM

Right, it may be very convenient for those people who have access to a phone and internet, and to those who have a large sum of money to send. But for those who live day by day, they won't be interested, they will always choose fiat. Unfortunately, this unique and very convenient asset of bitcoin is the very same thing why some governments are not willing to accept bitcoin as a currency. They think they need to regulate it, tax it more, and they also think that it can be easily used illegally.

It's just a matter of time tho imo. Mobile Phones and Internet access are almost considered included to the things that a person must have, though relatively, it has lower importance compared to food,water, clothes and the like, it has higher importance compared to the rest.

Question123

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For the billions of money they transfer with the ude of the bitcoin the transaction fee is very high but the bank once you process that amount of money they have long proceddue and many requirements and a loy of question before you get your money.

The fee of bank also is very big so that's why many people now are see the advatanges of having bitcoin for investment and also for making transaction .

GDragon

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Quote from: hatshepsut93 on April 12, 2020, 05:24:36 PM

Yeah, it's cool, but you can't really advertise Bitcoin with this alone. Just try to tell people on the streets that Bitcoin allows you to move billions without any additional verifications and for low fee - most people will scratch their head and ask "why would I need that? I don't have billions of dollars". So, if you talk about this, it's important to point out that this is an example of censorship resistance and decentralization, and $1 or 1 billion - it's all the same for Bitcoin's protocol.

Right, it may be very convenient for those people who have access to a phone and internet, and to those who have a large sum of money to send. But for those who live day by day, they won't be interested, they will always choose fiat. Unfortunately, this unique and very convenient asset of bitcoin is the very same thing why some governments are not willing to accept bitcoin as a currency. They think they need to regulate it, tax it more, and they also think that it can be easily used illegally.

Oasisman

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Quote from: elmanchez on April 12, 2020, 03:33:49 PM

Transfer of more than 1 billion, US dollars, and a commission of 0.7 cents.

Which bank will allow you to do as well?
That is why bitcoin is a great creation.

https://www.blockchain.com/btc/tx/b36bced99cc459506ad2b3af6990920b12f6dc84f9c7ed0dd2c3703f94a4b692

Even though everybody is totally aware about how great Bitcoin is in terms of transferring any amount to another address, but I just cant help but to be amazed how massive those figures are. That went through directly without any questions that banks usually do even with only hundreds of thousand dollars that an individual possessed, but with Bitcoin, nothing is impossible lol.
Who ever owns that wallet surely is one of the biggest fish in crypto space if not the biggest.

LUCKMCFLY

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If it is a great advantage, as well as if it is done through a bank, the alarms would go off, and they would start looking for the origin of the funds, in Bitcoin not only is the fee low but the transaction is safe and very fast , this is one of the great wonders of the world.

If you have credit cards, the same problem occurs, you cannot make such large transactions because it is most likely that the card will be blocked or will not allow the operation.

Gandam23

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Bitcoin is very unique just simply because you can easily gain profit if price pumps up but also you must need to know the consequences of it just like for example when the price of dumps
it will automatically deduct your funds that you have buy in the bitcoin so it would be good if you will be knowledgeable about this kind of things.
And also the most essential here is this is a a digital currency in which you can just store money through online no need to go into banks to store money.

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