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Topic: What are the advantages of having Bitcoin? - page 43. (Read 6553 times)

newbie
Activity: 49
Merit: 0
December 25, 2017, 12:04:41 AM
This is why I'm like bitcoin more than other fiats currencies,

User Anonymity

Bitcoin purchases are discrete. Unless a user voluntarily publishes his Bitcoin transactions, his purchases are never associated with his personal identity, much like cash-only purchases, and cannot be traced back to him. In fact, the anonymous Bitcoin address that is generated for user purchases changes with each transaction.

No Third-party Interruptions

One of the most widely publicized benefits of Bitcoin is that governments, banks, and other financial intermediaries have no way to interrupt user transactions or place freezes on Bitcoin accounts. The system is purely peer-to-peer; users experience a greater degree of freedom than with national currencies.

Very Low Transaction Fees

Standard wire transfers and foreign purchases typically involve fees and exchange costs. Since Bitcoin transactions have no intermediary institutions or government involvement, the costs of transacting are kept very low. This can be a major advantage for travelers. Additionally, any transfer of Bitcoins happens very quickly, eliminating the inconvenience of typical authorization requirements and waiting periods.
jr. member
Activity: 386
Merit: 1
December 24, 2017, 11:34:11 PM
The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  Roll Eyes

The creation of a currency is to transact, as well as virtual money. And why choose bitcoin, because bitcoin is beneficial. Is not that a fun option.
full member
Activity: 185
Merit: 100
December 24, 2017, 11:19:09 PM
The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  Roll Eyes

Having a bitcoin means you have more money in your virtual money or own currency. Having more bitcoin means you have more wealth. It is like your future is secured. You ain't needing to think about losing. Since, the value of it is unstable, and most of the time rise up thus your money rise up too.
sr. member
Activity: 574
Merit: 256
December 24, 2017, 10:59:27 PM
The advantage of having a Bitcoin is that we have invested our money in an asset whose price is going to touch new heights in future.This means that we are going to earn tremendous profits in coming future.The other advantages of having a Bitcoin is that we can use it for transactions within and outside the country and these transactions will be anonymous which means that no government or bank will be able to track it.This is so because Bitcoin is decentralized in nature due to which government has no control over it .
member
Activity: 322
Merit: 10
December 24, 2017, 08:22:33 PM
The advantages of having bitcoin is that you can transfer it very quick less hassle and very convenient.Also bitcoin price is volatile so it goes rise and drop compare to US Dollar,Bitcoin is really good specially when it comes to investment because youll be able to earn really big and get rich if the value will increase and you will sell your bitcoin.
sr. member
Activity: 987
Merit: 289
Blue0x.com
December 24, 2017, 08:16:29 PM
Standard wire transfers and foreign purchases typically involve fees and exchange costs. Since Bitcoin transactions have no intermediary institutions or government involvement, the costs of transacting are kept very low. This can be a major advantage for travelers. Additionally, any transfer in Bitcoins happens very quickly, eliminating the inconvenience of typical authorization requirements and wait periods.




Yes. I do agree that this really are the true advantages of bitcoins. Besides the fact that it can extremely increase your money if you decide to invest in it as well plus the fact that you do not have to give out any personal information with every transaction. Which for me is really convenient and less hassle. But the thing is, the fees are rising extremely also together with the time needed to finish the confirmations in each transaction which in a way is slowly destroying bitcoin's reputation.
member
Activity: 154
Merit: 10
December 24, 2017, 03:52:23 AM
Bitcoin purchases are discrete. Unless a user voluntarily publishes his Bitcoin transactions, his purchases are never associated with his personal identity, much like cash-only purchases, and cannot be traced back to him. In fact, the anonymous Bitcoin address that is generated for user purchases changes with each transaction.
newbie
Activity: 6
Merit: 0
December 24, 2017, 03:47:06 AM
Standard wire transfers and foreign purchases typically involve fees and exchange costs. Since Bitcoin transactions have no intermediary institutions or government involvement, the costs of transacting are kept very low. This can be a major advantage for travelers. Additionally, any transfer in Bitcoins happens very quickly, eliminating the inconvenience of typical authorization requirements and wait periods.

full member
Activity: 244
Merit: 101
December 24, 2017, 03:40:47 AM
The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  Roll Eyes

Other than being a virtual money, bitcoin has also characteristics that you can not find in cash. Bitcoin is decentralized. Bitcoin provides anonymity. And bitcoin provides opportunities that the general can acquire. Because of bitcoin, jobs as of now doesn't have too much requirements that makes students like me grab an opportunity for a job.
Another advantage of bitcoin is it was the first cryptocurrency that was introduced.
member
Activity: 434
Merit: 10
December 24, 2017, 12:09:04 AM
The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  Roll Eyes
There are lots of things that bitcoin can give like this is the only digital currency that can be a payment method paying our bills and credit card also.It is also beneficial that we can get here another source of income.It is easy and comfortable to use this kind of digital currency.
Yes, bitcoin offers to me a lot of opportunity when it comes to supply my daily needs. Bitcoin offers me a big opportunity today to make my dreams come true like building my own business soon. But I didn't take for granted to have my own investments in bitcoin which is for me is it's biggest advantage is providing   a good life to its user and trader.

Aside from having an opportunity to be financially stable or having something to be used in our daily needs , to spend for our everydays life. We have also an opportunity to have an investment if you will continue to hold your bitcoin.little by little you will earn bigger.

I agree on your own opinion dude, having a bitcoin gives help to each and everyone of us as users in the bitcoin community. Bitcoin and the blockchain network has helped me and other users tremendously by providing an additional source of income by working on the bitcoin and crypto network, bitcoin has helped to transact or make payments online as I using a coins.ph, throughout the world without relying on any third party is involved.
full member
Activity: 448
Merit: 100
Lets Go Adab
December 23, 2017, 11:04:58 PM
The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  Roll Eyes

There is a lot of advantage if you are going to hold bitcoins, The market is volatile and because of that we are not sure and we cannot predict the future but the good thing about that is bitcoins keep on increasing and there is a lot of demand on it.
member
Activity: 532
Merit: 10
December 23, 2017, 10:55:53 PM
Yeah, there are a lots of advantages like trading gather information about the kind of altcoin you want to trade if it could be profitable or not. Also, in mining theirs lot of computation to know like its power consumption having possible losses , the area in your place having a strong internet signals and still its profitable. Well, anyways that is my opinion because for me the best way is to join campaign which the reward is direct bitcoin.
newbie
Activity: 50
Merit: 0
December 23, 2017, 05:28:50 AM
The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  Roll Eyes

it can be use in any place that money use it. trading, buy/sell and use it as investment.

bitcoin is first system collect money and paing system "Cash + Paypal".
full member
Activity: 378
Merit: 100
December 23, 2017, 12:43:16 AM
The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  Roll Eyes




The advantages of having bitcoin is that when it reach the highest price you can sell it or you can use it so that you have savings for the future. It also helps you to but the things that you need and the things that you want and you can help your family on your financial. There are so many advantages of bitcoin and that is some of I know.
member
Activity: 406
Merit: 10
December 23, 2017, 12:32:33 AM
Many advantages of having Bitcoin.by using Bitcoin,people earn money.any one invest it ,it must be profitable,its transaction fee are low,also it's a financial solution.
hero member
Activity: 882
Merit: 500
December 23, 2017, 12:10:43 AM
The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  Roll Eyes
Profit. Having Bitcoin will give you a probability to earn huge profit. Why? its market value is continuously increasing and having a Bitcoin at this moment will yield to huge profit in the future. Specifically, holding and storing Bitcoin. Its market value at this moment is already expensive but it is expected to be more expensive in the future so that's something to look forward with.
At this point market value of bitcoin is very high it is expensive. But when you buy bitcoin at this point which is 17k. You will be more profitable in future. Because the value and price of bitcoin is enhancing day by day. Day by day it became more expensive and more profitable.

It will be good for any investor or merchant to buy bitcoin at current time. Bitcoin is more profitable and more valuable currency no fall for bitcoin always rise!
member
Activity: 168
Merit: 10
December 22, 2017, 05:06:18 PM
The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  Roll Eyes
My advantages of having bitcoins is that I also have an investment and a job at the same time in my wallet. It is worthy to have bitcoin knowledge in this industry.
full member
Activity: 294
Merit: 100
Tokenize Fantasy Sports
December 22, 2017, 04:02:00 AM
Bitcoin has many advantages when trading, firstly it can trade with each other everywhere in the world without any intermediary through any transaction. The second is the currency Bitcoin has very high security, will not disclose personal identity while Bitcoin transactions. If Bitcoin popular in the future, we will not need to bring cash, as well as Visa card in person, because a smartphone is simply can perform any transactions with Bitcoin.  Grin
member
Activity: 110
Merit: 10
December 22, 2017, 03:46:07 AM
There are so many advantage in bitcoin, since you ear money even if you are young by the use of bitcoin. The value of bitcoin is always growing up day by day. You can also invest any time and any where bitcoin will pay you By using internet.
hero member
Activity: 924
Merit: 500
December 22, 2017, 02:18:03 AM
The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?  Roll Eyes

tHe advantage of being invested in bitcoin is that your koney is growing whether by long term or for short term investing in cryptocurrency because it is a trend now and also you can supplement your normal and orniary kncome for this.
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