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What is Bitcoin?


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What is Bitcoin?

  #11 (permalink)
peroksid
Russia, Siberia
 
Posts: 7 since Nov 2019
Thanks Given: 3
Thanks Received: 7

Bitcoin is not handy for money transfer. One mistake(when you copy a BTC wallet number, for example) and you lost your money.
Huge transactions comission(today it 7 $).
It is hard to buy something for bitcoin.

But , but, but.
You take a 1000$ and buy some Bitcoin. Then, create a wallet on your local computer. Send to it your bitcoin.
And now...
Nobody can freeze, arrest, steal your Bitcoin.
And this is a big advantage.

You and only you have full control of it. Until somebody access your private key.

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  #12 (permalink)
Salasar
Toronto
 
Posts: 19 since Jun 2020
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Thanks Received: 10


peroksid View Post
Bitcoin is not handy for money transfer. One mistake(when you copy a BTC wallet number, for example) and you lost your money.
Huge transactions comission(today it 7 $).
It is hard to buy something for bitcoin.

But , but, but.
You take a 1000$ and buy some Bitcoin. Then, create a wallet on your local computer. Send to it your bitcoin.
And now...
Nobody can freeze, arrest, steal your Bitcoin.
And [COLOR="Black"]this[/COLOR] is a big advantage.

You and only you have full control of it. Until somebody access your private key.

Yeap! At the moment buying thing with the help of BTC is not convenient but this is a minor disadvantage compared to the merits you mentioned in the post.

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  #13 (permalink)
ethlen
france paris
 
Posts: 12 since Apr 2021
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Thanks Received: 1


very insteresting thanks

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Last Updated on July 3, 2021


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