Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Niko on September 25, 2018, 11:07:06 PM
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What are the benefits of Bitcoin?
Other than earning passive income from investing / trading, here are some of its benefits:
Freedom in Payment
With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.You do not have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will happen when transferring money.You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.
Control and Security
Asking users to be in control of their transactions help keep Bitcoin safe for the network.Merchants can not charge extra fees on anything without being noticed. They must talk to the consumer before adding any charges.Payments in Bitcoin can be made and finalized without one's personal information being tied to the transactions.Due to the fact that personal information is kept hidden from prying eyes, Bitcoin protects against identity theft.Bitcoin can be backed up and encrypted to ensure the safety of your money.
What are the benefits of Bitcoin?
Still have a question? Ask your own!
What is your question?
22 ANSWERS

Fatima Donna Antonio, 10+ Working as Field Sales Manager
Answered Sep 22, 2017 · Author has 108answers and 58.8k answer views
Originally Answered: What are the benefits of bitcoin cryptocurrency?
Other than earning passive income from investing / trading, here are some of its benefits:
Freedom in Payment
With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.You do not have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will happen when transferring money.You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.
Control and Security
Asking users to be in control of their transactions help keep Bitcoin safe for the network.Merchants can not charge extra fees on anything without being noticed. They must talk to the consumer before adding any charges.Payments in Bitcoin can be made and finalized without one's personal information being tied to the transactions.Due to the fact that personal information is kept hidden from prying eyes, Bitcoin protects against identity theft.Bitcoin can be backed up and encrypted to ensure the safety of your money.
Information is Transparent
With the block chain, all finalized transactions are available for everyone to see, however personal information is hidden.Your public address is what is visible; However, your personal information is not tied to this.Anyone at anytime can verify transactions in the Bitcoin block chain.Bitcoin protocol can not be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.
Very Low Fees
Currently there are either no fees, or very low fees within Bitcoin payments.With transactions, users may include fees in order to process the transactions faster. The higher the fee, the more priority it gets within the network and the quicker it gets processed.Digital Currency exchanges help merchant transaction transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.
Fewer Risks for Merchants
Due to the fact that Bitcoin transactions can not be reversed, do not carry with them personal information, and are secure, merchants are protected from potential losses that may occur from fraud.With Bitcoin, merchants are able to do business where crime rates and fraud rates may be high. This is because it is very hard to cheat or con anyone in Bitcoin due to the public ledger, otherwise known as the block chain.tirement investing strategy.
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In my opinion, the biggest benefit of having a BTC is that you can earn extra money without leaving home, but you have to be very careful.
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Bitcoin has one big drawback as a means of payment, it's its volatility, so bitcoin is likely to be good as an asset, but not as a means of payment, because if for example to take and carry out settlement in bitcoins that will constantly reflect on the price of the products. which, accordingly, will also be volatile!
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Your explanation is quite interesting. I totally agree that bitcoin is an investment asset that will provide capital gains in coin exchanges and digital investments that are highly favored by crypto users. The ease of this transaction allows effectiveness and efficiency in conducting transactions between users. We can make transactions anywhere and anytime just by using the internet network.
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Your explanation is quite interesting. I totally agree that bitcoin is an investment asset that will provide capital gains in coin exchanges and digital investments that are highly favored by crypto users. The ease of this transaction allows effectiveness and efficiency in conducting transactions between users. We can make transactions anywhere and anytime just by using the internet network.
you are absolutely right. Additionally the bitcoin will increasingly showed his true identity which is more and more involved in real life and provides convenience and profits therein. for that great hope for developing more rapidly can bitcoin again in the future.
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I fully agree with your explanation that it is quite interesting, it's true that bitcoin is an investment asset that will provide many benefits and is very liked by many crypto users. because of the ease in conducting transactions between users we can make transactions anywhere and anytime we want. only by using an internet network.
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your explanation touch to my inner eyes and i really convinced snd aside that bitcoin really there are many benefits.with this form of currency its so easy for transaction anywhere world wide using our technology. and beside we earn income and bring us opportunity to dream big
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During this time we only know that bitcoin is an investment that will provide benefits. Though bitcoin has many benefits, one of them is payment. Even if all countries accept bitcoin as a payment system, this will make it easier for someone who often travels abroad. Because they don't have to go to exchange to exchange money when shopping in the destination country.
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yes I agree with you, that the benefits of bitcoin are so real that Bitcoin can be exchanged for money and can be accessed anywhere and anytime as long as you are connected to the internet
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Bitcoin evolves. Let talk about a perfected, evolved Bitcoin.
The benefits of this currency will be that it is an international standard. Whether or not your government is doing well or poorly, it’s value will not be subject to inflation. You won’t have to pay special fees to spend it in one country or another. You cannot ‘bounce a check’, or ‘float a check’ its float is negligible no matter how large an amount is. You don’t need to trust banks to hold it for you, you can hold it yourself. You can transact anonymously. No ID required. You can track all of your spending electronically.
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bitcoin Very useful, bro. to help at the same time change one's economic life to be better than before. and bitcoin also provides opportunities for the poor to become millionaires
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Could we say the benefits of bitcoin is connecting the different race, tradition, culture and beliefs of the people into one place called digital world. No matter where we are, no matter who we are, no matter what we belong if we can go with this crypto flow we are belong in digital place where bitcoin reign.
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It seems to me that the biggest plus is the extra income. A lot of traders have gone over to the side of cryptocurrency. because they see the future for him. :)
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What are the benefits of Bitcoin?
Other than earning passive income from investing / trading, here are some of its benefits:
Freedom in Payment
With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.You do not have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will happen when transferring money.You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.
Control and Security
Asking users to be in control of their transactions help keep Bitcoin safe for the network.Merchants can not charge extra fees on anything without being noticed. They must talk to the consumer before adding any charges.Payments in Bitcoin can be made and finalized without one's personal information being tied to the transactions.Due to the fact that personal information is kept hidden from prying eyes, Bitcoin protects against identity theft.Bitcoin can be backed up and encrypted to ensure the safety of your money.
What are the benefits of Bitcoin?
Still have a question? Ask your own!
What is your question?
22 ANSWERS

Fatima Donna Antonio, 10+ Working as Field Sales Manager
Answered Sep 22, 2017 · Author has 108answers and 58.8k answer views
Originally Answered: What are the benefits of bitcoin cryptocurrency?
Other than earning passive income from investing / trading, here are some of its benefits:
Freedom in Payment
With Bitcoin it is very possible to be able to send and get money anywhere in the world at any given time.You do not have to worry about crossing borders, rescheduling for bank holidays, or any other limitations one might think will happen when transferring money.You are in control of your money with Bitcoin. There is no central authority figure in the Bitcoin network.
Control and Security
Asking users to be in control of their transactions help keep Bitcoin safe for the network.Merchants can not charge extra fees on anything without being noticed. They must talk to the consumer before adding any charges.Payments in Bitcoin can be made and finalized without one's personal information being tied to the transactions.Due to the fact that personal information is kept hidden from prying eyes, Bitcoin protects against identity theft.Bitcoin can be backed up and encrypted to ensure the safety of your money.
Information is Transparent
With the block chain, all finalized transactions are available for everyone to see, however personal information is hidden.Your public address is what is visible; However, your personal information is not tied to this.Anyone at anytime can verify transactions in the Bitcoin block chain.Bitcoin protocol can not be manipulated by any person, organization, or government. This is due to Bitcoin being cryptographically secure.
Very Low Fees
Currently there are either no fees, or very low fees within Bitcoin payments.With transactions, users may include fees in order to process the transactions faster. The higher the fee, the more priority it gets within the network and the quicker it gets processed.Digital Currency exchanges help merchant transaction transactions by converting bitcoins into fiat currency. These services generally have lower fees than credit cards and PayPal.
Fewer Risks for Merchants
Due to the fact that Bitcoin transactions can not be reversed, do not carry with them personal information, and are secure, merchants are protected from potential losses that may occur from fraud.With Bitcoin, merchants are able to do business where crime rates and fraud rates may be high. This is because it is very hard to cheat or con anyone in Bitcoin due to the public ledger, otherwise known as the block chain.tirement investing strategy.
I think many advatages of bitcoin. It is secure and good for payment system.I have used bitcoun for trading and long term investment since 2017.
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In my opinion, the benefits of bitcoin can be an investment that can provide benefits to improve living standards for the better.
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To be honest, I think individual efforts to bring more users on board by explaining about Bitcoin to our family members and friends is the best option to improve Bitcoin. You can classify this under advertising section but that too under mouth publicity category.
As a completely unaware user, I would listen carefully if my friend is trying to explain me something and I might not pay that level of attention to a billboard or youtube advertisement, even if both (friend and ad) are explaining something called Bitcoin.
Thus, I believe that increase in user base as a first step and then improving utility value by bringing more and more merchants (online as well as offline) in the Bitcoin network would help Bitcoin.
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bitcoin Very useful, bro. to help at the same time change one's economic life to be better than before.
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In the name of power and authority to manage well the holding bitcoins is the most benefits for the holder. They are one of the people who can trade bitcoin when it will increase again. So, holding should be strong enough to maintain the decision not to trade unless the time will come.
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for me the benefit of bitcoin is. can help while changing one's economic life to be better than before. In addition, bitcoin also provides job opportunities to earn income. and besides that, using Bitcoin can make investments that can provide benefits to improve one's living standards for the better
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many bro, the existence of bitcoin can add insight and reduce unemployment, this makes people motivated to look for profit
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A great many benefits for my Bitcoin. When my first trade because interested to invest in the Bitcoin. And I try to invest it and in the end, I get an advantage. And the profit we can make to invest in Altcoin.
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a lot, bro, because bitcoin has a potential price, this will be an advantage in the future, because many criptos cannot match bitcoin ..
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The advantage of bitcoin is that it can be a more compact digital asset. We don't need more space to store bitcoin. In addition, investing in bitcoin is safer because it cannot be tracked by anyone.
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Bitcoin benefits are more than the cost which we have to pay for it bitcoin usage is increasing now and the people who have this currency then are good in dealing businesses like the most businesses in Europe is done through online currencies and it is convenient for us to make some of the earning source which provide us the future currencies. Bitcoin is very beneficial for me because it is proving me a good income over buying and selling of bitcoin.
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Your explanation is quite interesting. I totally agree that bitcoin is an investment asset that will provide capital gains in coin exchanges and digital investments that are highly favored by crypto users. The ease of this transaction allows effectiveness and efficiency in conducting transactions between users. We can make transactions anywhere and anytime just by using the internet network.
yes that's true, it's also true that bitcoin can provide income and profits in it. for that the biggest hope for developing faster can get bitcoin in the future
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Absolutely what you mentioned, my brother has 7 Bitcoin and he is at home every day because he continues to trade Bitcoin.
Remember! be careful is the key because the market cannot be predicted and we must not be greedy.
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There are many benefits of bitcoin one of them is
Bitcoin presents an "opportunity to do what people are calling 'banking the unbanked'", says James Preston, head of the publication SA Crypto, referring to more than 350 million Africans who do not have access to traditional forms of banking.
"There's been such a history of poverty in Africa that so many rural communities are yet to be developed with normal banking infrastructure," he told the BBC.
"Now all of a sudden they can get a Bitcoin wallet on their phone and in essence they can have a bank in their phone, and that's what crypto-currencies and crypto assets do, they allow you to be your own bank," he told the BBC.
https://www.bbc.com/news/world-africa-45889707
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Manfaat dari bitcoin,bagi saya sangat bermanfaat sekali gan,saya bersukur dengan adanya bitcoin ini ekonomi saya lebih baik dari sebelumnya,saya umur sekian mau kerja di PT juga susah,mau usaha dagang kurang modal,makanya dengan adanya bitcoin ini sangat membantu sekali bagi banyak orang. tentunya mebantu perbaikan ekonomi kita.sebelum punya modal besar ya kita ikut BOUNTY dulu aja kalau sudah cukup modal baru kita main pasar jual beli, kan gitu ya gan.terimakasih!