Topic: What are the advantages of having Bitcoin? - page 58. (Read 6553 times)

Having bitcoin is very good you can pay bills using bitcoin, bitcoin has no authority involved so every transactions we made no fees deducted in our wallet because of decentralize form.

money, car, house,........ anything you want, you can have if you hold Bitcoin long enough. It will help you everything

You are right mate, Investing in bitcoin is the best option of people that not familiar with altcoins market, because the volatitly for the other cryptocurrencies is not predictable, I mean it's too hard to predict when a currency fall or increase, but when we talk about bitcoin, We all say, that in the long run, bitcoin will increase, So, it will be good to invest on it.

Bitcoin has many advantages.
As a currency its has some unique features.
It is digital currency stored and used only in digital form.
Its has its own unbreakable security system blockchain.
It works on peer to peer system on the trust among its users.
It works in decentralised nature with no third party influence.
Due to huge demand and limited supply it is volatile in nature.
Its price is rising daily, as a result it has become a good investment tool.
A clever bitcoin investor is getting good % of returns. Bitcoin has become a source of additional income to many.
People are earning good money by doing signature campaign for bitcoin.

many of the advantages we get from bitcoin.bitcoin can be used as a medium for payment of transactions, the money we invest in bitcoin will not be in the income tax, and the greatest benefit of bitcoin when we buy bitcoins at cheap prices and sell them at expensive prices.

Bitcoin as a cryptocurrency offers a lot of advantages such as No trace for every transaction because it uses a peer to peer system or in other words bitcoin transaction is anonymous, and as being decentralized system the bitcoin transaction cannot be interfered by a third party like government authority or the central bank therefore in every used or purchase using bitcoin was no tax. In terms of money transfer the bitcoin is the most favorable to used because it only uses the smallest processing fee, and above all bitcoin has a great advantage in terms of payment and money transfer mobility.

The biggest advantage of having bitcoin is that it's price keeps on rising and we can get huge profits by investing in it.If we have some amount of  bitcoin's with us,it means that we are earning some amount of profit daily.

This are the advantages of having Bitcoins, that i found on the net:-


Freedom in Payment

With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.
You don’t have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will occur when transferring money.
You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.
Control and Security

Allowing users to be in control of their transactions help keep Bitcoin safe for the network.
Merchants cannot charge extra fees on anything without being noticed. They must talk with the consumer before adding any charges.
Payments in Bitcoin can be made and finalized without one’s personal information being tied to the transactions.
Due to the fact that personal information is kept hidden from prying eyes, Bitcoin protects against identity theft.
Bitcoin can be backed up and encrypted to ensure the safety of your money.
Information is Transparent

With the block chain, all finalized transactions are available for everyone to see, however personal information is hidden.
Your public address is what is visible; however, your personal information is not tied to this.
Anyone at anytime can verify transactions in the Bitcoin block chain.
Bitcoin protocol cannot be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.
Very Low Fees

Currently there are either no fees, or very low fees within Bitcoin payments.
With transactions, users might include fees in order to process the transactions faster. The higher the fee, the more priority it gets within the network and the quicker it gets processed.
Digital Currency exchanges help merchant process transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.
Fewer Risks for Merchants

Due to the fact that Bitcoin transactions cannot be reversed, do not carry with them personal information, and are secure, merchants are protected from potential losses that might occur from fraud.
With Bitcoin, merchants are able to do business where crime rates and fraud rates may be high. This is because it is very hard to cheat or con anyone in Bitcoin due to the public ledger, otherwise known as the block chain.

Is it virtual money? Have you seen the virtual money to buy lamborghini ever? So it's not virtual currency it's a common currency but its value changes constantly.

Actually, having bitcoin in your wallet or in your possession just means you are already earning passively, everyday bitcoins price changes and most of thise changes are up trends, meaning in an incresing rate. So, holding bitcoins just makes you earn money without having to do anything. That is a great advantage.

There are many advantage of bitcoin
-easy to transactions
-easy to earn
- uses as many ways,shopping, marketing,
-it changes our life luxurious

Bitcoin is a best digital currency or cryptocurrency.in every time cryptocurrency time to time more increase value. Before some time, The BTC value is low but after that time BTC value is time to time is more than other currency. And other currency is up and down move position time to time. So BTC is more valuable assets to the other currency.

For my opinion, here are some
Currently very less Bitcoins are being mined compared to Bitcoins bought.
So the demand is high and supply is less.
People are ready to pay anything to get hold of Bitcoins.
Japan legalized bitcoins, and many countries are reviewing it.
Many VCs , Investor are investing heavily into Bitcoin Business.
Bitcoin is getting support from Major Technologists.

the advantage of having bitcoin for me is because of Bitcoin for the future of decentralization and its anonymity. I can send money or goods without thinking about how much money I will spend on shipping costs and they do not require any verification to send money abroad. One of the advantages is if you invest in bitcoin now, it will certainly double in the next few months or years

for me the advantage of having bitcoin is being able to make a profit and earn a lot of money if the price keeps going up as it does today

I would say bitcoin is much safer and better for a long run when it comes to investment ! If you are not familiar with the market I will suggest to just invest in bitcoin because investing in altcoin is very risky you might hust lose money in the end however it was  undeniable that  the profit in altcoin is very high

Having bitcoin has a lot of advantages and one of them is the passive income where you don't need to work to earn money because as the price of bitcoin goes up then you will make profit from your investment and it is also a safe currency because you will stay anonymous with a high security for your money and for doing transactions.

With transactions, users might include fees in order to process the transactions faster. ... Digital Currency exchanges help merchant process transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.

Bitcoin has many advantages, especially it's financial advantages. It's safe you are carrying your money, digitally. And also freedom, the way that your bitcoin can be used as currency in any country. Very convenient and less hassle when it comes to paying transactions. And it keeps on earning profit when you hold it. You get to earn with just holding it.

Bitcoin gives me a good advantage since i start using it even i do not have a job it still gives me a source of income to help my family in paying our bills and other expenses at home. I can now also buy the things that i wanted and needed thanks to bitcoin. I hope it can make me rich in the near future.