what you like best in Bitcoin ? - page 111.

sishendaoye

sr. member

Activity: 434

Merit: 250

Quote from: bob123 on December 26, 2015, 05:28:56 AM

1. its pseudoanynomous
2. no need of bank
3. im the owner of my money, not a 3rd party
4. fast/cheap transactions
5. decentralised
6. and Most important for me.. completely works out of cryptography.

This.
But if I would have to pick 1 major reason, it would be that I am the one who controls my money.
Not some bank whom i have to call when i make a big transaction.

coinplus

legendary

Activity: 1386

Merit: 1058

Quote from: Adam1395 on December 26, 2015, 02:13:45 PM

There are mainly two things I like about bitcoin first is it keeps you anonymous and second it the fees do not depend on the amount of transaction is made of it is same for every amount of bitcoin which is good plus it is so so low fees that they charge us. Love u bitcoin

The transaction fees are charged based on the size of the transactions which is usually measured in kilo byte (kb). So, until one kb your transactions fees do not change. When 1 kb got exceeded you will be charged for 2 kb.

The size of the transaction is measured on the basis of number of inputs and outputs.

takingthis4

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Merit: 250

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i like it because its just maths and because its not regulated

bitcoin-hunter

sr. member

Activity: 364

Merit: 250

Like most people I would go for the low fees.
But every time when i sent bitcoins to my friends abroad i feel very proud. Proud to be using bitcoin, since it is so simple and easy.

Adam1395

newbie

Activity: 28

Merit: 0

There are mainly two things I like about bitcoin first is it keeps you anonymous and second it the fees do not depend on the amount of transaction is made of it is same for every amount of bitcoin which is good plus it is so so low fees that they charge us. Love u bitcoin

nerFohanzo

hero member

Activity: 631

Merit: 500

Quote from: Ceizer54 on December 26, 2015, 06:15:52 AM

I have no words to explain what are the things i like about bitcoin because every single feature of bitcoin is outstanding..Still i will say i very much like it's anonymous and less fees feature..
Sending large amount of money using bitcoin allows us to send that with very less fees anywhere around the world in milliseconds which is a great thing Wink

That's the best thing about the bitcoin I like too, as I use bitcoins mainly for online transfers and it takes fraction of seconds to transfer and the credits are instant with the least fees and the other thing I like about bitcoins is I carry as many bitcoins in my digital wallet and no one would be aware how much fund I am holding as it not the same case when it comes to fiat currency, as you have limitation to carry fiat currency.

avw1982

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Activity: 644

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Quote from: Aggressor66 on December 26, 2015, 04:55:38 AM

Open to all: Investing in Bitcoin is easy, open to everybody (not just accredited investors), and doesn’t require you to compromise your financial privacy.

Not only personally as well Bank of America recently said in a report that Bitcoin could become a major means of payment for ecommerce and as an avid observer of digital currencies, Even I believe this to be a major step toward globalized finance.

Ceizer54

full member

Activity: 196

Merit: 100

I have no words to explain what are the things i like about bitcoin because every single feature of bitcoin is outstanding..Still i will say i very much like it's anonymous and less fees feature..
Sending large amount of money using bitcoin allows us to send that with very less fees anywhere around the world in milliseconds which is a great thing Wink

bob123

legendary

Activity: 1624

Merit: 2481

1. its pseudoanynomous
2. no need of bank
3. im the owner of my money, not a 3rd party
4. fast/cheap transactions
5. decentralised
6. and Most important for me.. completely works out of cryptography.

Aggressor66

hero member

Activity: 728

Merit: 501

Open to all: Investing in Bitcoin is easy, open to everybody (not just accredited investors), and doesn’t require you to compromise your financial privacy.

CoinSkipper

member

Activity: 136

Merit: 10

I simply love the bitcoin ecosystem. How it works, how it functions with all the things going on, the halving, the pumps, the mining, the new forks...

There are many things, but one thing that shines is the blockchain. It's a genius public ledger that is easy to change if incorrect, and hard to change if correct. All thanks to encryption and hashing. SHA256 is currently uncrackable, boys.

kyrios_

full member

Activity: 210

Merit: 100

Quote from: Hellacopter on December 20, 2015, 03:58:28 PM

There is many nice and powerful features of Bitcoin, like its decentralizing , the anonymity, that's not reversible like Paypal and some other payment processors, that's why i prefer to use Bitcoin likely

care to elaborate more on reversible feature?

Nimbulan

hero member

Activity: 658

Merit: 500

i like nearly every thing that is connected to bitcoin though the main things that are like is being anonymous when doing all the transactions also i really like that the price of it can go up or down in small amount of time and that it is not regulated by any governments or banks

Hellacopter

hero member

Activity: 742

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There is many nice and powerful features of Bitcoin, like its decentralizing , the anonymity, that's not reversible like Paypal and some other payment processors, that's why i prefer to use Bitcoin likely

HarryKPeters

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Quote from: nerFohanzo on December 20, 2015, 12:37:19 PM

Quote from: HarryKPeters on December 20, 2015, 12:20:24 PM

Quote from: Altynbekova on December 20, 2015, 10:01:49 AM

I cna't get being used that the fees are so low.
Every transaction you safe so much on fees. Be it a purchase or simple trade, I earn a lot on not paying these ridiculous fees the banks charges us.

The fees are the main reason to use bitcoin. If just people were aware of this, banks would have no reason to exist anymore, or they would adapt their fees right away.
Remember the moment you know how to use bitcoin and experience the control you have, you will never stop using bitcoin..

Low fees and low transaction costs are the main reasons why people are attracted towards bitcoins, as it is comparatively very low as compared to banks or western union where they charge heavily on their customers, it was monopoly for bank and exchanges but with the existence of bitcoins it has lowered down their customer base and people are turning toward bitcoins as the fees are too low.

True the cost is the main factor for most of us to step into the world of bitcoin.

But banks are still too important in our daily lives. Most cost are deducted from your bank account, or you need to pay bill with your bank account, so people will only leave their bank if these third party's offer different payment options..

nejibens

hero member

Activity: 672

Merit: 500

Quote from: poorshibe9 on December 20, 2015, 02:56:43 PM

mostly i like the fact that its price can go up and down in short periods of time

True, that's nice Bitcoin's feature and many users tried to hold some coins till the next halving
They likely can making good profit this way

poorshibe9

newbie

Activity: 41

Merit: 0

mostly i like the fact that its price can go up and down in short periods of time

mustang321

full member

Activity: 122

Merit: 100

The transactions are easy with Bitcoin

nerFohanzo

hero member

Activity: 631

Merit: 500

Quote from: HarryKPeters on December 20, 2015, 12:20:24 PM

Quote from: Altynbekova on December 20, 2015, 10:01:49 AM

I cna't get being used that the fees are so low.
Every transaction you safe so much on fees. Be it a purchase or simple trade, I earn a lot on not paying these ridiculous fees the banks charges us.

The fees are the main reason to use bitcoin. If just people were aware of this, banks would have no reason to exist anymore, or they would adapt their fees right away.
Remember the moment you know how to use bitcoin and experience the control you have, you will never stop using bitcoin..

Low fees and low transaction costs are the main reasons why people are attracted towards bitcoins, as it is comparatively very low as compared to banks or western union where they charge heavily on their customers, it was monopoly for bank and exchanges but with the existence of bitcoins it has lowered down their customer base and people are turning toward bitcoins as the fees are too low.

Bugf1x

member

Activity: 98

Merit: 10

It's not from the government

Topic: what you like best in Bitcoin ? - page 111. (Read 162396 times)