Are cryptocurrencies better than regular currency - page 21.

wuvdoll

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Quote from: thugpi on October 08, 2017, 11:07:37 PM

No, I don't think bitcoin are better than regular currency because bitcpin don't have fix value, it aometimes rise, sometimes high, so there are risk And you can't use bitcoin offline you still need internet to use your bitcoin

You think fiats have fixed value when exchanges with each other ? Why do you think forex trading has been in existence even before the arrival of bitcoin.

The point you could have raised would have been bitcoin's huge volatility which most definitely will not keep on being like this forever as a time will come when the adoption would already have been huge by then and the market will be more steady than we have it presently.

theunbeatable

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Quote from: Lion BItcoin Shop on September 23, 2017, 08:13:32 AM

if we compare bitcoin with real regular currency like US dolllar, so bitcoin is nothing.
look at here
https://www.indexmundi.com/facts/indicators/CM.MKT.LCAP.CD/rankings
at 2015 USD marketcap 25,067,500,000,000 (im not sure this is fixed) and bitcoin now only 63,332,668,537 its only 3% from USD marketcap

No its not like that, we can't compare BTC in terms of how it acts as a money nowadays (I can't explain it clearly besides thats the 2015 statistics), what we are saying here is that BTC has a technology that far surpasses the currency and the freedom it can bring can shake the knees of the bank owners. This debate has been running for around 6 years and nowadays big people are barking criticism to bitcoin. Like they are saying bitcoin is like a fulfilled wish that its on us on how we will use this technology. Of course some of us are bankers but sorry the world have a piece of technology that can turn the tides.

Activitycoin

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Quote from: adiksau0414 on October 09, 2017, 05:36:30 AM

If bitcoin is used worldwide i consider it a yes. But now, a large portion of the population is not familiar with it especially in those in 3rd world country like mine. Tangible cash is still consider the best. We can use bitcoin in our country if we convert it to cash.

Well I think its batter then regular currency because first thing is it’s easy to carry and here you can also invest and can also do daily trade and important thing is its safe but the important thing for me is his price is high then other currency so I think its batter then other and is some Europe countries bitcoin has a credit card know bitcoin more facilitate his users.

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Quote from: Crapz23 on June 19, 2017, 02:38:51 PM

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.

I think there are ways where cryptocurrencies are better with our paper money and coins, one of these is its volatility, that is why it is very good in trading and scalping. But this also its weak point, so you need to be very careful in holding cryptocurrencies because you might lose them in a blink of an eye. Unlike our current money today, its value is more stable and accepted, but trading would be very hard to do here compared with cryptocurrencies.

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Quote from: samtarly on October 09, 2017, 09:48:14 PM

I choose we need both of it. Cryptocurrencies has a lot of earning potential but for me it is not advisable to spend them on a regular basis unlike the fiat.

Yeah its true. Cryptocurrency and fiat are same needed, so same better no need to choose between the two. Fiat are we always need to buy things.

samtarly

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I choose we need both of it. Cryptocurrencies has a lot of earning potential but for me it is not advisable to spend them on a regular basis unlike the fiat.

Hui8

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There are still many developments to be undertaken for bitcoin to compete the real world currency. Though bitcoin can profit us in multiple ways but it doesn't really mean that bitcoin is best currency of all. We can't use bitcoin in the real life application and we can't have it traded for goods and services which are offline and available in the stores, malls, theatres, coffee shops etc. When bitcoin will achieve this milestone of getting spent into offline world then we can say that crypto currencies are best of all. See, it's not all about earning money from money but it's sometimes the real use of it.

amaral1977

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By cryptos you mean?? BTC is regulated. In a decentralized way. You have a fixed maximum amount so the suply is regulated, you have an increasing mining difficulty so "printing" is regulated, you have transactions confirmations so that is regulated as well. And guess what it´s not private nor fungible so ownership is regulated as well. So BTC doesnt lack regulations, its just regulated in a different way.

Fretcy

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To my view, I would say that cryptocurrencies are far better than fiat currencies as there are lots of advantages of digital money. Duplication of cryptocurrencies is not possible unlike fiat currencies, identity theft can be avoided using cryptocurrency for purchasing products using credit or debit requires your full personal details whereas in cryptocurrency there is no need to reveal your identity but anyone can keep an eye on the public ledger which records all the bitcoin transactions done worldwide through blockchain technology. Due to mass adoption there is no need to convert to other currencies for travelling overseas. Infact, this technology has built a bridge between other countries.

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Quote from: haroldtee on October 09, 2017, 05:57:36 AM

Quote from: lighpulsar07 on October 09, 2017, 03:22:05 AM

Well no fiat is still better than cryptocurrency in every other way. because of this reasons.
1. Fiat can be used everywhere even without internet connection unlike cryptocurrencies
2. Cryptocurrencies especially bitcoin are slow than any payment methods it must have to wait 10 mins in order to confirm the transaction.
3. Most of the shops and store isn't adapting bitcoin so, it will be hard to find a shop to buy with bitcoins.

Let me quickly buttress on some of the points you have raised. You are right in a way but you still have to consider the positive parts too.
1. Sure fiats can be used everywhere, but that does not mean things are not gradually going digital with even the fiats. The population of people holding fiats now are hugely dropping and most people are now using mobile system for their transactions. I am not saying crypto will take over fiat completely, but we will have a time that making transactions with crypto will become so easy.
2. Cryptos does not have to wait 10 minutes before it gets confirmed. Bitcoin is just one of the cryptocurrencies as some other altcoins are pretty fast. However, I made a transaction yesterday with bitcon and funny enough did not take up to 2 minutes before it gets confirmed, so all still balls down to your tx fees.
3. It is hard now, but it is still a start and we cannot use that to judge yet. One day, bitcoin will go mainstream and we will eventually see how much it pays making transactions with cryptos.

1. really? i don't think so, sure they using mobiles, credit/debit cards for shopping and some transactions but it does some limitations though.
2. i am talking about the block time no matter how high your transaction fee if they haven't find a block for an hour it is considered very slow for a payment provider and by the way i always use a high priority fee when i send bitcoin just go see blockchain or blockcypher and look the block intervals if you know what i mean
3. no comment

randythered

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At the moment, in terms of serving the purposes of a currency then bitcoin is a ways behind. However if it is implemented and used internationally then there is no doubt that it could surpass other currencies. However the limited supply could turn out to be an issue.

buxlover

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Quote from: Crapz23 on June 19, 2017, 02:38:51 PM

Honestly I believe bitcoin is better since one you don't use your credit card so you don't loose you needed cash but instead your cash that you could easily earn back from mining. Plus, it's open to all ages unlike credit cards.

It's not just about getting the money back from mining, not everybody mine the coin but yeah it is still good in some other ways for rest of the people as well. Bitcoin has given the opportunities to earn money by different ways of investment and trades.

This is not applicable in case of real currency where it is just traded for goods and services. In case of bitcoin you can actually take up the margin of price difference between, fiat, alts and other assets to earn even more bitcoin. That's what make it different and better than regular one.

futuret

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Quote from: adiksau0414 on October 09, 2017, 05:36:30 AM

If bitcoin is used worldwide i consider it a yes. But now, a large portion of the population is not familiar with it especially in those in 3rd world country like mine. Tangible cash is still consider the best. We can use bitcoin in our country if we convert it to cash.

I also going to be agree with the present situation that if the bitcoin will grow some more and the people will show the interest in the bitcoin it will become the world currency and the value of the bitcoin will be high as compare to the other currencies and the investments. The regular currency is the lower level people who are not aware of the bitcoin.

andrei56

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Quote from: RenBct on October 05, 2017, 11:11:50 AM

Of course in the bank you only get 1%+ every year but in the crypto world you can get more than 500%+ within months or a year.

And that amount is very conservative, if you invest in an ico and the skyrockets you could easily earn 50x to 100x your investment or even more if things get really crazy so there is not really a competition, bitcoin and other cryptos are way better than any bank in the world.

ivanst776

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Quote from: artyo on October 06, 2017, 03:39:32 AM

Yes and no. It is dependent on the use. In my impression, Bitcoin is not but all set for micropayments, but it is previously a much better way to maintain your prosperity.

Presently, yeah! Long term! Nah!! Bitcoin will not remain as it is presently. A lot of development will ensue and the micro payment issue will be solved.

At this stage, we may be having huge issue with the transaction fees, but a time will come when transaction fees will be minute, processes will be faster and we will end up seeing more people accepting as means of payment.
We may still be back to this though, with the look of things and as adoption keeps increasing.

ASHLIUSZ

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Quote from: Sadlife on October 09, 2017, 06:15:33 AM

Yes bitcoin can be use for all ages but only for those who has internet and devices that can connect to the internet where as we know that there are a lot of third world country that is really poor. So bitcoin is good for people that has electronic devices but not for the people who has not, it actually depends upon the situation of an individual but it terms of overall aspects bitcoin is far better in decentralization, low fees, better security and global payments.

Yes, digital currencies can be used by all aged people. One thing that makes it more valuable than that of the regular currency is the growth. Normal currency gives us the ease of usage, while bitcoin give the users the profit. Maybe in future when more countries focus on digital growth we might get the ease of making use of bitcoin same as regular currency.

Dannaey

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For now we need both. Because of the prices of cryptos are not being stable, and not all crpytos even Bitcoin are acceptable all over the world, we need both. Though we expect in the future that cryptocurrencies will be better to our conventional currency today because of their features that will change our economy. Conventional money are still important because they are the one who is accepted by all establishments in the world.

Sadlife

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Yes bitcoin can be use for all ages but only for those who has internet and devices that can connect to the internet where as we know that there are a lot of third world country that is really poor. So bitcoin is good for people that has electronic devices but not for the people who has not, it actually depends upon the situation of an individual but it terms of overall aspects bitcoin is far better in decentralization, low fees, better security and global payments.

haroldtee

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Quote from: lighpulsar07 on October 09, 2017, 03:22:05 AM

Well no fiat is still better than cryptocurrency in every other way. because of this reasons.
1. Fiat can be used everywhere even without internet connection unlike cryptocurrencies
2. Cryptocurrencies especially bitcoin are slow than any payment methods it must have to wait 10 mins in order to confirm the transaction.
3. Most of the shops and store isn't adapting bitcoin so, it will be hard to find a shop to buy with bitcoins.

Let me quickly buttress on some of the points you have raised. You are right in a way but you still have to consider the positive parts too.
1. Sure fiats can be used everywhere, but that does not mean things are not gradually going digital with even the fiats. The population of people holding fiats now are hugely dropping and most people are now using mobile system for their transactions. I am not saying crypto will take over fiat completely, but we will have a time that making transactions with crypto will become so easy.
2. Cryptos does not have to wait 10 minutes before it gets confirmed. Bitcoin is just one of the cryptocurrencies as some other altcoins are pretty fast. However, I made a transaction yesterday with bitcon and funny enough did not take up to 2 minutes before it gets confirmed, so all still balls down to your tx fees.
3. It is hard now, but it is still a start and we cannot use that to judge yet. One day, bitcoin will go mainstream and we will eventually see how much it pays making transactions with cryptos.

adiksau0414

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If bitcoin is used worldwide i consider it a yes. But now, a large portion of the population is not familiar with it especially in those in 3rd world country like mine. Tangible cash is still consider the best. We can use bitcoin in our country if we convert it to cash.

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