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    Thread: Great Reasons to Use Crypto-Currency Bitcoin

    1. #1
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      Default Great Reasons to Use Crypto-Currency Bitcoin

      Bitcoin is a nearly new kind of money that has quite recently begun to stride the standard markets. Commentators express that utilizing Bitcoins is dangerous in light of the fact that-

      -They have no true esteem
      -They are not managed
      - They can be utilized to make illicit exchanges.

      Still all the significant market players discuss Bitcoins. The following are some great reasons why it merits utilizing this digital currency.

      Brisk Installments - When installments are made by utilizing banks, the exchange takes some days, comparatively wire exchanges additionally take quite a while. The again, virtual money Bitcoin exchanges are by and large more quick.

      Zero-affirmation - Exchanges are momentary, where the dealer acknowledges the hazard, which is as yet not endorsed by Bitcoin piece chain. On the off chance that the shipper needs an endorsement, at that point the exchange takes 10 minutes. This is significantly more fast than any between managing an account exchange.

      Modest - Credit or platinum card exchanges are moment, however you are charged an expense for utilizing this benefit. In the Bitcoin exchanges, the expenses are typically low, and now and again, it is free.

      Nobody can take it away - Bitcoin is decentralized, so no focal specialist can take away rate from your stores.

      No chargeback - Once you exchange Bitcoins, they are no more. You can't recover them without the beneficiary's assent. Subsequently, it winds up plainly hard to confer the chargeback extortion, which is frequently experienced by individuals with Visas.

      Individuals buy products and on the off chance that they think that its faulty, they contact Visas office to make a chargeback, adequately turning around the exchange. The Visa organiztion does it and accuses you of expensive chargeback charge running from $5-$15.

      Safe individual subtle elements - Credit card numbers get stolen amid online installments. A Bitcoin exchange does not require any individual points of interest. You should join your private key and the Bitcoin key together to do an exchange.

      You simply need to guarantee that your private key isn't gotten to by outsiders.


    2. The following 2 users say Thank You to jahangir3shagar for this useful post.

      Greentrader (10-26-2017), Mkape (11-03-2017)

    3. #2
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      The same great reasons to use it are exactly the same great reasons to not use it. It all depends in the user profile and the type of market or business you want to use the money.

      To play ponzi and other pyramid schemes the reasons are great. To buy in amazon, ebay and other online stores the reasons are bad. It all depends in what type of use you want.
      “Know when you’re getting out before you get in.” Jack Schwager


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      Anyone engaging in using the bitcoin is a very wise human being and to be honest we doesn't have to be a fotex trader to part take in using of the bitcoin, every internet transaction can be transact with bitcoin with less than 3 second from pressing okay. We can see how fast it's to use. And it's a form of investment as well


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      Quote Originally Posted by sonibark View Post
      Anyone engaging in using the bitcoin is a very wise human being and to be honest we doesn't have to be a fotex trader to part take in using of the bitcoin, every internet transaction can be transact with bitcoin with less than 3 second from pressing okay. We can see how fast it's to use. And it's a form of investment as well
      What do you mean by "every internet transaction"? Top online stores like amazon, ebay, alibaba, aliexpress, etc... don't accept bitcoins. I would start using bitcoins if popular stores start accepting it. Without good quality and quantity of merchants its difficult to attract new users. Most users are investors from online "money making" businesses...
      “Know when you’re getting out before you get in.” Jack Schwager


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      I agree with points made above and it is true I am sceptical about Bitcoin and other cryptocurrencies. However, if I have a chance to mine it for free and get some in my bank why not. But to ask me to pump money into it is another matter altogether. I am collecting and mining all these cryptocurrencies for this purpose. To grow my portfolio but I feel it is risky to invest with money.


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      Nobody can take it away - Bitcoin is decentralized, so no focal specialist can take away rate from your stores.
      I agree that nobody can take Bitcoin away from us but the government can ban it and make it almost useless due to restriction. I like Bitcoin as an alternative to payment processor like Skrill and that's all about it. I'm not a fanatic that will hoard it and hope that the price will hit $10,000 although it's quiet possible. I only use Bitcoin as a last resort when I want to hide my personal details to a merchant.


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      balut That is true the government can ban it but I think there is vested interest for the government to keep it going at least for a while more. Or even convert the cryptocurrencies invest to support the government interest. Some government are moving toward creating their cryptocurrencies. Think about it, if they can create something out of nothing, the world's government could eliminate the huge debts.


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      Quote Originally Posted by Greentrader View Post
      The same great reasons to use it are exactly the same great reasons to not use it. It all depends in the user profile and the type of market or business you want to use the money.

      To play ponzi and other pyramid schemes the reasons are great. To buy in amazon, ebay and other online stores the reasons are bad. It all depends in what type of use you want.
      well the ability of bit coins to be transacted without any government control is the biggest reason that people love it but i don't think that using it to buy products on amazon or ebay is a bad reason to use them
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      Mkape have they announce you are able to bitcoin on Amazon and eBay? I have not seen anything like that. If it does happen the price of Bitcoin would shoot up. and the value of bitcoins to us average user would be much great as well. So do you think this would have happen anytime soon?


    11. The Following User Says Thank You to Dixie For This Useful Post:

      dzin4aans (11-04-2017)

    12. #10
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      Quote Originally Posted by Mkape View Post
      well the ability of bit coins to be transacted without any government control is the biggest reason that people love it but i don't think that using it to buy products on amazon or ebay is a bad reason to use them
      Do you know the risks of being defrauded by bad sellers? How can bitcoins give you a money back guarantee? Bitcoin is good to buy drugs but its bad to buy a car or a house.
      “Know when you’re getting out before you get in.” Jack Schwager


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