Benefits of Bitcoin

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sariful14
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#23472

22 Feb 2018, 08:10

To me the following are the benefits of bitcoin:
- Eleminates intermedearies
- Decentralized
- Privacy protected
- Peer to pear transaction
- Not only a payment system but also functions as an asset
- Safe transactions
- And mostly can make us rich
- Anything else? Please reply.

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cryptoanik
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#23590

22 Feb 2018, 15:11

yes bitcoin is best currancy all around the world.


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#23716

23 Feb 2018, 02:03

Yes, Bitcoin has numerous benefits and advantages such as:
- No Paperwork: Anyone, from any country, of any age can accept Bitcoins within minutes.
- Quick and Cheap Transactions: When making a Bitcoin transfer the fees are extremely low compared to conventional methods of moving money.
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#23717

23 Feb 2018, 02:10

Bitcoin is just a place where everyone is trying to lie together about technology :lol: .
Bitcoin is too fucking slow to confirm transaction :? . Can you sell or buy a Baguette and waiting for confirmation whole day? :lol: .
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sariful14
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#23722

23 Feb 2018, 03:38

windydagreat wrote:
23 Feb 2018, 02:10
Bitcoin is just a place where everyone is trying to lie together about technology :lol: .
Bitcoin is too fucking slow to confirm transaction :? . Can you sell or buy a Baguette and waiting for confirmation whole day? :lol: .
Yes these are the disgusting disadvantages of BTC. Especially slow transactions and high fees. When I was first introduced to BTC in 2014, There was no such problem though. And for these reasons bitcoin cannot be used as a currency.

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#23994

23 Feb 2018, 20:16

sariful14 wrote:
22 Feb 2018, 08:10
To me the following are the benefits of bitcoin:
- Eleminates intermedearies
- Decentralized
- Privacy protected
- Peer to pear transaction
- Not only a payment system but also functions as an asset
- Safe transactions
- And mostly can make us rich
- Anything else? Please reply.
Aeum... "Privacy protected" ? don't forget there is no anonymisation with Bitcoin. If they want they can track your wallet all around the globe.

the ultra benefit of Bitcoin has been to move all the economics line and bring a little fear to the banks.
But if one day you'll getting rich, what will you do ? What will everyone do ? Stop the crisis ? Stop war in the world ? Spending everything on a island ?
The benefit of the bitcoin is to bring something new to the world, if we mess up with that we are all dead for sure
Un jour j'irais vivre en théorie. Parce qu'en théorie tout se passe bien.

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#25522

04 Mar 2018, 07:05

Bitcoin is a blessing for me. Bitcoin has changed my life. I can't imagine a day without Bitcoin. I always try to hold some Bitcoin. And want to hold Bitcoin for a long time. I think If I can hold some Bitcoin now for a very long time so one day it will build my future bright. Is it a good decision for my future?
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#25752

04 Mar 2018, 17:13

sahdat786 wrote:
04 Mar 2018, 07:05
Bitcoin is a blessing for me. Bitcoin has changed my life. I can't imagine a day without Bitcoin. I always try to hold some Bitcoin. And want to hold Bitcoin for a long time. I think If I can hold some Bitcoin now for a very long time so one day it will build my future bright. Is it a good decision for my future?
Definitely it's a good decision for your future. But it's not an unmixed blessings to all. Especially to them, who want a good return from a short run investment. If you are able to hold it for a long period I think you will be surely benefited from holding this crypto asset.

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#25783

04 Mar 2018, 20:00

Bitcoin is real cruncy and some time wait and big earning

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#25817

05 Mar 2018, 06:23

BITCOIN Is there any benefits to the government in a country if they support using bitcoin? If there are any, in what particular/specific way.

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#25819

05 Mar 2018, 06:24

Using bitcoin and other crypto currency we can earn money in a easy way and can transfer/send money in world wide safe

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#25820

05 Mar 2018, 06:26

If all over world crypto supportive, exchanges will set up there. Which means people will deposit money in those exchanges, increasing the cash into that country

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#25821

05 Mar 2018, 06:27

Always some benefit for governments, countries if they support cryptocurrencies, rather if they support new companies related to blockchain technology.

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#25822

05 Mar 2018, 06:33

we sight a specific example on how a country can benefit in bitcoin, it is all about tax, but bitcoin is a total tax free, and it is own by a private operator without any assistant from government. Actually, even bitcoin is a tax free but still bitcoin have a big impact of economic contribution to the country, because bitcoin is actually a global big asset. There are also some legal institutions accept bitcoin transactions and in that way the government have a share of taxes from the transactions being made by some institutions.
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#25824

05 Mar 2018, 07:40

Everything has an advantages and disadvantages period

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#25826

05 Mar 2018, 07:43

sariful14 wrote:
22 Feb 2018, 08:10
To me the following are the benefits of bitcoin:
- Eleminates intermedearies
- Decentralized
- Privacy protected
- Peer to pear transaction
- Not only a payment system but also functions as an asset
- Safe transactions
- And mostly can make us rich
- Anything else? Please reply.
It also has given power to the common man to become rich,earlier he/she cannot think of becoming rich quick as a lot of time and hard work was needed.

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#25832

05 Mar 2018, 07:58

Definitely earn big money with btc... because this trade system spreading everywhere in world now...

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#28017

14 Mar 2018, 08:54

Bitcoin has numerous benefits and advantages over using localized currency; we will discuss some of the biggest advantages.
Irreversible Transactions,No Paperwork,Appreciating Value,Quick and Cheap Transactions

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#28232

15 Mar 2018, 19:08

This big thing is, this is decentralized process which make it more secure and smooth.

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