What are the advantages of having Bitcoin? - page 61.

freightjoe

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Quote from: GreenStox on November 15, 2017, 07:59:21 AM

absolutely right, bitcoin is one of the biggest potential to make us become rich in quick time.

Ahhh.... in other words the advantage is that Bitcoin is a "get rich quick" scheme.

Clearly one of the strongest signs to run away from this as fast as possible

preikaler

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the deals offered between users are very convenient and secure because the bitcoin operating system is peer to peer and hence there will be no problem. its users can also invest bitcoin in some time will benefit a lot

Xester

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Quote from: CoPil on November 13, 2017, 10:33:26 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

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I have like no worries right now after having involved with bitcoin. I was able to be penny wise and value the money I have. With bitcoin, since the wallet I am using is in partnership with banks and other services, there is no need for me to wait in line. I paid my electricity bill, credit card bill, and health insurance using bitcoin.

Lionella

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Quote from: CoPil on November 13, 2017, 10:33:26 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

You're right. Actually, there are many advantages of having bitcoin. We all knew that bitcoin is one of the way of earning or making money online with the use of gadgets. Another one is, it makes an easier online transactions and it has something to do on our own because it develops our skills and teaches us on how to invest more.

GreenStox

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Quote from: lazaruseffect11 on November 15, 2017, 07:45:27 AM

Quote from: CoPil on November 13, 2017, 10:33:26 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

For me, i think the advantages of having a bitcoin is that, you have more potential to be rich and earn a lot of money in the future rather than to those people who dont have any idea about bitcoin and other cryptocurrencies. Also, bitcoin's idea teach us how to save and invest for our future life.

absolutely right, bitcoin is one of the biggest potential to make us become rich in quick time. because its value can change rapidly in a short time too, and I think there is nothing like bitcoin.,so that's one of the advantages of having bitcoin. In addition, the advantages is if you put the money into bitcoin the value your money will continue to grow compared to saving in a bank.

heureca

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Currently Bitcoin is good tool for money investment. Criptocurrency capitalization grows every month and BTC price grows tool. May be in several years the price pumps will not be so high as nowadays.

freightjoe

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Quote from: St4yInTh3D4rk on November 15, 2017, 07:37:57 AM

If you have bitcoins you don't have to pay any taxes to the government you have the full rights of using it and no one can take your bitcoins without your permission.

In other words - to you the main advantage is that it allows you to be a criminal and avoid paying taxes

lazaruseffect11

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Quote from: CoPil on November 13, 2017, 10:33:26 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

For me, i think the advantages of having a bitcoin is that, you have more potential to be rich and earn a lot of money in the future rather than to those people who dont have any idea about bitcoin and other cryptocurrencies. Also, bitcoin's idea teach us how to save and invest for our future life.

freightjoe

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Quote from: St4yInTh3D4rk on November 15, 2017, 07:37:57 AM

Quote from: CoPil on November 13, 2017, 10:33:26 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

And international transaction in bitcoin is much more easier and convenient than the normal fiat currency transaction.The transaction fee costed in bitcoin transaction is less than fiat currency transaction.

But reality is different. Right now you have no way of knowing whether a transaction takes minutes, hours or days - or gets dumped altogether and you have to try again. Unless you pay an extremely large fee to have it done faster..... Reality is that Bitcoin payments are either slower or more expensive than normal payments - or both

freightjoe

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Clearly the main advantage is the thrill of knowing your life savings could be either doubled or lost in a short span of time.

St4yInTh3D4rk

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Quote from: CoPil on November 13, 2017, 10:33:26 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

If you have a bitcoin in your wallet it will make you rich in the future it is the most important advantage of having bitcoin.
If you see bitcoin as a currency you can go to anywhere in the world and buy anything you want with bitcoin single currency can be used in the whole world.And international transaction in bitcoin is much more easier and convenient than the normal fiat currency transaction.The transaction fee costed in bitcoin transaction is less than fiat currency transaction.
If you have bitcoins you don't have to pay any taxes to the government you have the full rights of using it and no one can take your bitcoins without your permission.

Shafiqul Islam

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There are many advantage of having Bitcoin.....
-we buy cloth
-we buy academic substance, books.
-we buy flat and car

Rlyn

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It gives us the choice to transact or transfer money without intervention of banks and other financial intermediaries.

yonjitsu

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Quote from: CoPil on November 13, 2017, 10:33:26 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

Aside of being a virutal 'money', there are lots of advantages bitcoin can offer. With bitcoin, information is transparent in the sense that anyone who transacts bitcoin at anytime can verify transactions in the block chain. In addition, bitcoin offers very low in fees, fewer risks for merchants since transactions can't be reversed, and most of all, bitcoins are secure.

Reid

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Before it was a big advantage to have one because you will have the opptunity to just wait and maybe get more for a cheaper price.

I do think it is still an advantage now. This price could rise more and you might want to ride that wave before it gets more expensive.
It will take more years before all of this ends. A lot of years.

Notcalculator

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One obvious advantage is that you can spend pseudo anonymously. But right now that's very limited because not much stores accept it as payment. Depends on where you live. Another advantage is that it's an investment. You buy and sell to your advantage. It's like owning stocks buy at a low and sell at a high.

jerowacik

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Quote from: CoPil on November 13, 2017, 10:33:26 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

Bitcoin has many advantages over real money. The fast money transfer and mobility we have are one of the most prominent things. in addition to privacy being part of the thing that most people demand when using Bitcoin.

seanskie18

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Bitcoin have so many advantages but I will tell only one of the advantages. You will become rich in your country specially when you try hard to work here. All the efforts you spend here on bitcoin is worth it. And money/profit from investing is worth waiting for.

warwar

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Quote from: rajuahmed330 on November 15, 2017, 06:18:56 AM

Quote from: CoPil on November 13, 2017, 10:33:26 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

In fact, the advantages and disadvantages are actually another matter, but if you are going to talk about the old, think of 2009, those who have bought a bitcoin in 2009. Many of them have become millionaires.

Those people who bought bitcoin on that year and holding it until the year it pumps they are really millionaires. Though those are the things that is really advantage if you do hold the bitcoin then it is pretty sure that you can earn a lot of profit than you think. Disadvantages now is you are now trying to own a whole bitcoin because you know that it will be up soon, you should do that before so that it is not easy to earn that bitcoin.

doblok

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Many advantages other than as a source of bitcoin income can be used as an online transaction tool and as a future investment. In addition, bitcoin has a high price and the interesting again bitcoin hanga is very unlikely to be low or high then our advantage is to buy cheap and sell at high prices.

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