Altcoins Talks - Cryptocurrency Forum
Further Discussions => General Discussion => Topic started by: hellcat on May 08, 2020, 06:39:11 PM
-
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.
-
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.
-
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.
-
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.
-
This coin has many advantages, but the main thing is autonomy. Working with cryptocurrencies, we are not dependent on anything else.
-
that is true.
-
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.
-
So you would recommend for people to trade bitcoin?
-
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.
-
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.
-
Bitcoin has basically revolutionized the way financial transactions happen for the rest of time. Bitcoin is a solution to stilted old-school transaction methods.
-
Bitcoin is good because you can invest in it in many ways. from hodl and mining to trading and structured deposits
-
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.
-
There are many but gambling is definitely a great use case
-
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.
-
there is no benefits
-
- Low cost: If you transfer money via bank to a friend or relative, it usually takes a fee but with Bitcoin it's completely free or only very small.
- Efficiency: Bitcoin money is sent and received almost instantly whether you send it anywhere in the world, any time night or day.
- High security: The transaction does not contain personal information, it is hidden on the system, allowing the security of user information to avoid identity theft.
- Transparency: All transaction information is available in the database of bitcoin trading websites or crypto wallets
- Control: Users can control their transactions without anyone managing it
-
There's a lot of befits of bitcoin like the elimination of banking fees, Mobile payments and accessibility and very low transaction payments or international payments. Bitcoin is growing faster and there's a lot of benefit on it,
Of course you will have a greater liquidity that relative to the crypto currency. Slowly bitcoin turning into a new world currency.
-
there is no benefits
Why do you think so?
-
Born to lead cryptocurrency ecosystem is what I think the benefit of Bitcoin.
-
For me personally, the advantage that I can get from Bitcoin is that we can make this Bitcoin a new investment where the potential profit we can get from Bitcoin is very high.
Bitcoin supply is limited and demand continues to increase, it is very convincing the price of Bitcoin will go up very high in the future.
-
That is actually a very good point, I hadn't looked at it that way.
-
Thanks for the useful sharing, my wife. Yes, bitconine has many benefits, but for people like me who are new to this subject, it is necessary to do some research and ponder. because there are some terms that I have heard for the first time and it is necessary to be a bit intertwined with technology. Of course, even though these appear as negativity, it is impossible to live and earn money if we are not in the digital in today's world.
-
If there were no benefits so many people wouldn't be using it. At the very least it's another way to profit.
-
I am sure that its most important advantage is that it was the first. The rest does not really matter. Because of this, it is considered as a reliable means of accumulation and storage and investment, even in spite of all the technical shortcomings.
-
bitcoin has many different advantages
-
benefits Bitcoin, in general, can help others from economic hardship...
Bitcoin has become an asset and can be traded and then the profits from these transactions can provide money to meet daily needs, besides that, another benefit of Bitcoin is to protect user privacy when transacting.
-
Bitcoin has made many wealthy, especially the early adopters. But personally, I won't involve in any online investment scheme no matter how long they've been paying. The very first BTC I bought about 4 years ago was lost to an online cryptocurrency investment/mining scheme. The platform, hashocean, paid people for almost 2 years but eventually disappeared after gaining so much trust.
-
Bitcoin has a lot of privileges
-
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.
The transaction are growimg fast thats why fee is but higher. O think if any fork happen the fee will be reduces as it is now.However we are not only use it as a transaction but also use a s a paymnet system with a alot of advantage.
-
Bitcoin has a lot of privileges
What kind of privileges?
-
The transaction fee of bitcoin is usually very high in mist exchange. The coin has been booming lately, and all eyes are on it. I think the most important feature of the coin is that it could be trade for any other asset and it's available in all exchange.
-
For me, the advantages of Bitcoin are many in terms of external and internal. The external aspect of Bitcoin is that it can transact in sending and receiving money instantly both anytime and anywhere, there are no national borders. In Bitcoin there is no bureaucracy at all. The internal aspect is that Bitcoin users have complete control over the transactions they carry out, it is impossible for sellers to make bills that are not wanted or noticed as can happen with other payment methods. Bitcoin payments can be made without including personal identification for the payment process. In this case it provides strong protection from thieves. Bitcoin users can also protect the money they have with backup and encryption.
-
Feeling good getting info. Thanks for the share
-
Cryptography + Decentralization
-
The benefits of owning Bitcoin: Digital gold
Aside from this, as I've said numerous times ...that's really about it. Monero is what people thought Bitcoin was