What are the benefits of Bitcoin?

[hellcat]

The primary benefit of transacting in Bitcoin is the low cost, due to the lack of an intermediary charging transaction fees. An additional benefit is the anonymity, as it is not required to disclose personal identity information in a Bitcoin transaction. However, this anonymity has often ended up being drawback of Bitcoin as it has become popular on the black market, where criminal enterprises choose to transact in Bitcoin over the Internet because of its anonymity relative to traditional hard currency.

After much investigations and research i have made about how to earn more profit on cryptocurrency legitimately, I will recommend CryptoExchangeFX Cryptocurrency Investment Platform (www.cryptoexchangefx.com) as it is relatively on for a while now (launched at mid-summer 2017) but has become the largest Cryptocurrency Investment Platform right now (total volume over 120 million dollars) where you get 20% profit of your invested cryptocurrency after every 10 days. It supports variety of cryptocurrency like Bitcoin, Ethereum, Bitcoin Cash and Litecoin and other Altcoins. I find that it has a really nice UI and support.

[Miowyk88]

I think bitcoin has more pros than cons. As a pro it helps you in many ways to save extra money by spending a little of your time and use it for some project you want to do. But the cons are what you basically mention, terrorism. I think for that would require at least a minimum an ID to combat that very serious problem.

[ShadowCrypto]

Lower Fraud Risks for Buyers
No Risk of Inflation;
Individuals Can Preserve Coins
Easy to Use in Any Situation
Quick Payments
A Safer Ecosystem
International Payments Made Easy for evryone

And more, much more.

[Spenchip]

New investment opportunities and having an alternative currency option, I guess it always helps to have more than one option in case they don’t accept your local currency for a particular business.

[Newton]

This coin has many advantages, but the main thing is autonomy. Working with cryptocurrencies, we are not dependent on anything else.

[hellcat]

that is true.

[ttcsalam]

Bitcoin is the king of all coins.This reduces the value of all coins.Although its transaction fee is a bit higher than that of Etherium, its transactions are still higher at all exchanges.

[mlawson71]

So you would recommend for people to trade bitcoin?

[Jentot]

The primary benefit of transacting in Bitcoin is the low cost, due to the lack of an intermediary charging transaction fees. An additional benefit is the anonymity, as it is not required to disclose personal identity information in a Bitcoin transaction. However, this anonymity has often ended up being drawback of Bitcoin as it has become popular on the black market, where criminal enterprises choose to transact in Bitcoin over the Internet because of its anonymity relative to traditional hard currency.

After much investigations and research i have made about how to earn more profit on cryptocurrency legitimately, I will recommend CryptoExchangeFX Cryptocurrency Investment Platform (www.cryptoexchangefx.com) as it is relatively on for a while now (launched at mid-summer 2017) but has become the largest Cryptocurrency Investment Platform right now (total volume over 120 million dollars) where you get 20% profit of your invested cryptocurrency after every 10 days. It supports variety of cryptocurrency like Bitcoin, Ethereum, Bitcoin Cash and Litecoin and other Altcoins. I find that it has a really nice UI and support.

Well i would say that the benefits of bitcoin for me is extra money which i can earn money in my free time. Bitcoin is really amazing when it reaches $20k in 2018 which many investor became rich on that time.

[azmirihaque]

The primary benefit of transacting in Bitcoin is the low cost, due to the lack of an intermediary charging transaction fees. An additional benefit is the anonymity, as it is not required to disclose personal identity information in a Bitcoin transaction. However, this anonymity has often ended up being drawback of Bitcoin as it has become popular on the black market, where criminal enterprises choose to transact in Bitcoin over the Internet because of its anonymity relative to traditional hard currency.

After much investigations and research i have made about how to earn more profit on cryptocurrency legitimately, I will recommend CryptoExchangeFX Cryptocurrency Investment Platform (www.cryptoexchangefx.com) as it is relatively on for a while now (launched at mid-summer 2017) but has become the largest Cryptocurrency Investment Platform right now (total volume over 120 million dollars) where you get 20% profit of your invested cryptocurrency after every 10 days. It supports variety of cryptocurrency like Bitcoin, Ethereum, Bitcoin Cash and Litecoin and other Altcoins. I find that it has a really nice UI and support.

What's your objective? You have started to discussed the benefit of bitcoin but you have actually advertised  the CryptoExchangeFX. There have varieties of benefits of Bitcoin. We can save bitcoin for future, we can make a income from bitcoin trade. Bitcoin is the most popular coin. So it is anonymously accepted by all. Many countries have permitted bitcoin to transect. So its acceptability is increasing day by day. Its value is higher than any other coin and it is expected to increase more in the future. There has very low risk to lose fund in bitcoin. Bitcoin ensures the best safety and security. 

[Roobet]

Bitcoin has basically revolutionized the way financial transactions happen for the rest of time. Bitcoin is a solution to stilted old-school transaction methods.

[marplen]

Bitcoin is good because you can invest in it in many ways. from hodl and mining to trading and structured deposits

[Gubre]

You are right that bitcoin become more useful in black market because of anonymity of the users provided by its service.  But I don't think bitcoin is good to consider as profitable in relation to the exchanges. You can earn or even lose in the market since there is always big risk in cryptocurrency.

[Roobet]

There are many but gambling is definitely a great use case

[Zed0X]

The primary benefit of transacting in Bitcoin is the low cost, due to the lack of an intermediary charging transaction fees. An additional benefit is the anonymity, as it is not required to disclose personal identity information in a Bitcoin transaction. However, this anonymity has often ended up being drawback of Bitcoin as it has become popular on the black market, where criminal enterprises choose to transact in Bitcoin over the Internet because of its anonymity relative to traditional hard currency.

The Black market has existed years before the first bitcoin was mined and criminals were using fiats back then. They were pretty much creative in staying anonymous using cash but did we even claim that as a drawback? Nope.

There are many but gambling is definitely a great use case

Right. Many online casinos have embraced bitcoin.