Topic: Bitcoin using or need! Vs stable coins - page 6. (Read 1186 times)

Bitcoin is used as a medium of exchange, which is:
- Decentralized, is a system that is not controlled by a particular party
- Transparent, all can access and validate
- Fast, realtime knows no special hours of operation
- Transaction costs are cheaper than cross border transactions
- The system is independent and is not influenced by government policy

"WHO needs Bitcoin and Why will anyone use Bitcoin?
Because there is a need for facilities offered by bitcoin, namely individuals and groups who want to transact quickly, anytime, anywhere at a low cost. Initially, bitcoin is just a digital asset that has no value or very low value, with the technology and facilities provided the demand is high. From this high demand we can draw the conclusion that bitcoin is in demand either as an asset, as a transaction tool or as an investment tool.

If we have stable coins wich you can transfer around the world all ready instantly and they are stable. Which one will we choose?

I would choose bitcoin because:
- Bitcoin is the pioneer when bitcoin survives means bitcoin is qualified
- Stable coins are centralized so they must be exclusive, not all of them will adopt.
- Screening is needed for the body that launches the stable coin

There is no clear way to predict the price of BTC either. Losers see weakness as a problem while investors see weakness as an opportunity, in every situation always trying to get a profit.

Bitcoin is a self-sufficient currency in itself. If you compare it with any other types of fiat funds or stable coins, then the main advantage of Bitcoin is that it does not get bigger,
it cannot be printed or more coins can be created than can be created initially. This means that the value of Bitcoin, due to deflation, can grow, in contrast to the dollar, the value of which is falling inflationarily.

Maybe he's a doubt that bitcoin can increase so high in the future, so he asks about who needs bitcoin. I need bitcoin, and I am sure other people need bitcoin too. As long as we want to make money from bitcoin, we will need bitcoin. I think stable coins can be used for the payment system as we see that the stable coin price is not too volatile, so we can pay without confusing the changing of the price every time we paid. I don't think that bitcoin will lose the power to increase because as long as many people still use bitcoin to make money, we will always use bitcoin because we need bitcoin.

If there is nothing the agencies found to be more than interesting. But unfortunately there is always something more than interesting. And they would want to know more. They need more documentations and papers and evidences. And they need more time.

Bitcoin will make the transaction finished in a matter of minutes, hours at the most if the network is busier than usual.

Transactions between companies are a little bit more complex. In my experience many of those papers are for important things & AML procedures are nothing to kid about. However a month is totally exagerrated unless there were some serious iregularities with where the money came from. International bank transfers shouldn't take more than 3-5 working days nowadays.

With the history of bitcoin, you are still asking who need bitcoin? Bitcoin has a high sale value. Who benefits and who loses you already know that, because in general crypto trading is a zero sum game. Although in reality the concept of stable coin has a higher value in terms of transactions, this concept will have no benefit if no one accepts alternative crypto payments.

nowadays there are a lot of troubles with us dollars money transfers between companies.
maybe it is because of sanctions or money clearance, or weapons traders or I do not what ever more reasons exist, but the problem is there
you may give to bank all necessary invoices and papers, make the transfer and wait 1 month money to come to other party!! One, damn, month!
I guess to counter such cases - people may have to need bitcoin!

Funny that you are well aware of the nature of bitcoin but you don't understand it.
To answer your question why would need btc and how to use it, read the whitepaper first. It'll answer your questions.
There is a profit from bitcoin. Bitcoin is a risk! More risk, more profit. If you're afraid of risk, then bitcoin is not for you.
Who need bitcoin? Us. people seeking for freedom from manipulative banks and governments.
Also there are some aspects that stable coins don't have but bitcoin has.

Why we need bitcoin is because bitcoin is the foundation of all cryptocurrency. If bitcoin didn't exists, no smart contracts could be created, no new exchanges will be formed, no stable coins will be there. For some purposes, stable coins are better, but in terms of market investment, bitcoin is what we need, and the reason why market is lively, is because of the investors who trust BTC. Let's take for example this activity that we are doing. We trade, and when the bitcoin market price declines, we use stable coins to save our assets. In that case, there's no reason to compare Bitcoin and stable coins as we need them both, but to take into considerations, bitcoin is quite at the top compared to stable coins.

I am sure the future of bitcoin will be useful in the future because we see that over the years bitcoin has improved quite well, and I think many investors are now buying bitcoin for their investment needs because, in my opinion investing in bitcoin is very promising to see year after year .

I agree with your opinion about bitcoin under any circumstances bitcoin is a coin that has persisted until now the belief of investors makes an interest in investing with cryptocurrency and of course the development of cryptocurrency will develop and profits will be obtained by investors who invest

Indeed, if that is his/her opinion then we totally respect it because it depends on your perception and level of understanding.We are not underestimating the power and capabilities of stable coins but bitcoin is also beneficial, also it has changed the lives of many of us for the past years and it makes the life of some of us a lot better. We don't have to waste our time making people understand how bitcoin is such an amazing blessing and an opportunity for some of us. If that is what some of you are thinking then let be it, we are not forcing you to accept or even use bitcoin because it depends on you. We need bitcoin because it gives us some opportunities to invest and earn profits but just like any other investment, its not easy but we are patient enough that's why we are able to earn profit.

if you want a stable altcoin better invest in gold or land.
bitcoin is not for weak people like you.
if you don't like bitcoin, you can stay away from it.
for me the fluctuations that can attract enthusiasts to continue investing in bitcoin.
do you know how long bitcoin has lasted from someone like you ??
Ten years have already existed and bitcoin will never collapse.

Yes it is the risk in investing on BTC it could give us profit or it could take our money,
And it is why most of us choose it rather than stable coins,
We believe that the price would grow unlike in stable coin they would remain the same.

Bitcoin is for the people who want an asset that they can also use as a form of money. Bitcoin is a all in one package because unlike the stable coins, the price or value of bitcoin could change every time so it is a great opportunity for the people who want to grow their capital over the time. Even though the price is volatile, it is still better compare to stable coins because of its features and opportunity.

Stable coins are just useful when you are actively trading cryptocurrencies because that is where you will stay when the market is not doing well because you want stability and you don't want to lose money due to volatility. But in overall, cryptocurrencies are much better than stable coins because of the things that it has that the stable coins don't have.

true, we are looking for profits from bitcoin prices that go up and down if we buy stable coins for what because stable coins prices will remain and not change so how do we get profit from stable coins

That’s true stable coins are not better than bitcoin because we know the bitcoin is the best coin which has good name in the crypto market and stable coins are useless as they don’t change the price but remain at the same price for years. I think the best coin is bitcoin which has no comparison in the world and it is a highly good coin.

If the stable coin you mean is USD, you are better suited to discuss it on the forex forum, bitcoin has its own characteristics. And if you mean usdt (tether), this coin is also very active in btc and alt price pairs. although price refers to the original dollar, tether cannot stand alone especially if it is used for alt trading whose daily charts still depend on btc.

Why do you need fiat? To use them as a mean of payment. But we have a problem with fiat as it is centralised, controlled by governments, and they inflate it as much as they want. I hope you are aware of the huge, enormous, gigantic - you name it - debt that United States have. And not only them but all the countries in the world suffer from heavy inflation of their money. 1%-5% of your fiat holdings are going to garbage. In 10 years that could be more than a quarter of your dear savings. We need a currency that combines the store of value function with a more convenient and efficient payment method and Bitcoin does all of that for us and even more. I Why keep fiat if we have a better method to make payments? - that should be the question.