Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Niko on September 21, 2018, 09:38:41 PM
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Benefits of Bitcoin
Bitcoin has numerous benefits and advantages over using localized currency; we will discuss some of the biggest advantages.
Irreversible Transactions
As existing merchants will be well aware, when accepting credit card payments, or even bank payments the sender has the ability to reverse or “chargeback” the payment. There is nothing worse than sending products to a customer, only to receive a message that the payment has been reversed, you have been cheated and there is nothing you can do about it.
Bitcoin is the only payment method that is 100% irreversible and cannot be charged back. For this reason you should be careful when sending Bitcoins; be sure that you are sending them to a trusted vendor.
No Paperwork
Anyone, from any country, of any age can accept Bitcoins within minutes. There is no ID card, passport or proof of address that all conventional banks required to open an account. All you need to do to start sending and receiving Bitcoins is to download a Bitcoin Wallet program and generate a Bitcoin Address.
You could have 1000s of different addresses if you wanted, there is no limit to the number of Bitcoin Addresses that you can have.
Appreciating Value
As you can see from the Bitcoin exchange value graph shown on our homepage, the value of Bitcoins were initially highly volatile during the first few years of it’s inception, however during the last 6 months the currency has stabilized and has been steadily increasing in value on a daily basis.
Quick and Cheap Transactions
When making a Bitcoin transfer the fees are extremely low compared to conventional methods of moving money. A normal Bitcoin fee is 0.0005 BTC per transfer, whereas with a typically international wire transfer you could expect to pay 700THB-1300THB per transaction. Accepting credit cards will generally cost 3-5% of the transfer amount, which again is much more expensive than a Bitcoin transaction.
International wire transfers can take from a few days to more than a week, whereas Bitcoin transactions are generally confirmed with an hour.
Appreciating Value
the value of Bitcoins were initially highly volatile during the first few years of it's inception, however during the last 6 months the currency has stabilized and has been steadily increasing in value ona daily basis.
Quick and Cheap Transactions
When making a Bitcoin transfer the fees are extremely low compared to conventional methods of moving money.A normal Bitcoin fee is 0.0005 BTC per transfer, whereas with a typically international wire transfer you could expect to pay 700THB-1300THB per transaction.Accepting credit cards will generally cost 3-5% of the transfer amount, which again is much more expensive than a Bitcoin transaction.
International wire transfers can take from a few days to more than a week, whereas Bitcoin transactions are generally confirmed with an hour.
..https://bitcoin.co.th/benfits -of -bitcoin.
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Of course investing in crypto, especially in Bitcoin, has lots of advantages. But at the same time it's quite risky as no one can predict how it will behave next.
Some people sell all their belongings in order to invest in Bitcoin and some of them lose a lot as they're not too much into trading.
You have to learn how to do that before starting a game.
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Investing in crypto has many advantages. In addition to crypto prices that continue to rise every year, investing in crypto is also a safe choice because no one can control crypto. And crypto can't be faked like fiat money.
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Bitcoin has numerous benefits and advantages over using localized currency; we will discuss some of the biggest advantages.
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I agree of bitcoin advantages but we should also include the interesting facts of bitcoin disadvantages once abusively and foolishly used. It is very possible that bitcoin can give you much profit if everything happens according to your desires. However, if it didn't happen accordingly, possible you will lose your entire investment or it depends. Bitcoin changes little by little the human transactions culture and tradition.
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Might need to go around this site study all basic info about crypto world/ industry then decide what to do next, if you are seeing this as a investment keep it on your wallet let it grow as halving is coming, if you want to explore and fasten your earnings try to do some trading with alt but be careful and study first before entering any alt coin. good luck.
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The advantage of investing in bitcoin is that it can be a very profitable long-term investment. In addition, we can save our investment in a personal wallet and can easily move to another wallet. And even greater, bitcoin is a safe investment that cannot be controlled by anyone.
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Bitcoin is a peer-to-peer network and digital currency first introduced in 2009. It is decentralized and independent of any government or banking authorities. Among other benefits, Bitcoin allows users the option to make financial transactions at lower fees than the traditional online payment mechanisms.
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Bitcoin is the world’s first digital currency (also known as Cryptocurrency) that took the whole world by storm and emerged as the most successful decentralized payment method. With its groundbreaking aspects and state-of-the-art technology, Bitcoin has completely revolutionized the FinTech industry. Being the world’s first Peer-to-Peer currency, it has changed the traditional approach of making online transactions. Perhaps, the greatest benefit of using Bitcoin is that it is decentralized which means there is no central system or intermediary that controls the flow of this cryptocurrency.
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How to make use of bitcoin must be utilized as best as possible in the best possible way so that we will get the big profits - we get the most effective way so we always get We always buy and sell bitcoins so that we can get a sustainable profit if we get the big profits we use to please families if we have enough families to help you
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Bitcoin is another big thing in our society that offer new direction of transaction change from fiat to digital or crypto to fiat in the essence of digital. The benefits of bitcoin is active once someone take into bitcoin world and experience how it is benefactor.
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That's all the benefits of bitcoin, that's why bitcoin can be said to be the world currency. The blockchain technology that is in bitcoin is very advanced and really helps everyone from all over the world.