What are the advantages of having Bitcoin?

[MelchiZedek]

Bitcoin is not controlled by any central government. Everyone who uses it has a control over it unlike fiat currency. And again you can perform huge transactions with bitcoin and bitcoin can also be converted into fiat currency.

[julliandrey]

i really dont know because i am new member here but just my idea is it could help you to save your money and i think it can be an easy payment method via online

[ALT Legendary]

The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?

The advantage is in your mind. You can hold bitcoin or any other altcoin that you believe in. Even you can stake you bank with the fiat money you have. Nothing changes.

[racham02]

for me the advantages of having bitcoin is the opportunity to work online and earn a lot of money and above all the beautiful future that awaits me and my family.

[Bobcrypto]

The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?

Besides being a virtual money as you mentioned, bitcoin has the following advantages:
1.Reduced Transaction Fees.
Transaction fees for bitcoin payments are significantly lower in comparison to the ones made for credit and debit card purchases.
2.Easy to Use in Any Situation.
As far as international transportation of bitcoins is concerned, the job is as easy as a piece of cake. All you will need is a simple memory stick* and you are sorted enough for the job.
You can even use the same currency in a different country without going through the pains of contacting the local bank for any purpose of currency conversions.
3.The entire process of bitcoin transactions is peer to peer.There’s no involvement of a third party. No one can freeze, tax, or claim your coins. They cannot be stolen and cannot be seized by the government in no possThe entire process of bitcoin transactions is peer to peer.There’s no involvement of a third party. No one can freeze, tax, or claim your coins. They cannot be stolen and cannot be seized by the government in no possible circumstances.ible circumstances. Etc

[Ali muhtar]

the advantage of having bitcoin suppose you buy bitcoin for $ 10000 and you hold it for two years and the bitcoin price goes up to $ 15000 and you already earn $ 5000

[Master107]

There are good advantages of bitcoin like the profit will probably increase if the owner will not be affected by panic. The value will increase in due time. The owner will make and build whatever he wanted to that suits to his budget. Security in the future.

[ped123]

Their lot of advantages of bitcoin have such as easy payment system (virtual payment transactions), trading other facilities, safe security, etc. which it can essential in every transaction.

[Mlhits1405]

The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?

Having a bitcoin is more exciting when it comes to shopping you cant bring any money to pay, just pay with transaction not only for shopping but also for paying your bills effortless,sending money to your family less transaction fees even if you are in far country.

[jerryred069]

Following points could be considered as its advantages in different scenarios...

• Bitcoin is decentralized, giving full authority to its owner.
• Bitcoin has volatile price that could benefit in trading point of view.
• Bitcoin uses blockchain technology which is the securest system plus it provides privacy and anonymity.
• P2P transactions can be done using Bitcoins
• Bitcoin is not just a digital currency but a digital asset too

[klebsiella]

If you have Bitcoin you can use id anywhere around the globe as long as it is accepted. No need to submit documents such as passport, proof of address, ID's and other papers convenentional banks require.

[jullerz]

There are a lot of advantages of having a bitcoin, best example for this is that we have already our savings which we have alreay earned and it is more exciting because if we are consistent and dedicated of what we are doing here in bitcoin, we can gain more profit and benefits.

[jacqueline]

bitcoin has numerous benefits and advantages over using localized currency. and evertime you you transfer bitcoin is very low fees. Currently there are either no fees, or very low fees within Bitcoin payments

[Habagat]

The only thing I know about Bitcoin is that it is a virtual 'money' but what are the other use of it? What are your advantages for having a bitcoin?

There are more advantages of bitcoin.One of the advantages of bitcoin is it's decentralization.Since it is decentralized, government has no control over it and every transactions are non taxable.Another advantage is it can be use anytime and anywhere as long you have internet connection.

[Nur sarimbit]

so much profit if we have bitcoins now. because buying at a cheap price. then sell at an expensive price. surely you will become a millionaire if you have bitcoin now .