Bitcoin versus other offline currencies - page 10.

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Quote from: jayhawk1 on December 09, 2017, 06:16:39 AM

Quote from: kodtycoon on December 04, 2017, 10:47:23 AM

Quote from: prettypearl on November 14, 2017, 07:12:54 PM

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

Bitcoin for me is an asset that has a high selling price. Bitcoin is not a currency, so I guess bitcoin can not be compared with currency. If bitcoin is compared to gold, I'm sure it is the right question.

I believe that with offline coins he meant the fiat. If yes I answer you, for the governments to keep the fiat circulating and necessary the production of new currencies in the market every day, not only to replace the lost notes but also to maintain the ones that are already spent.

Already with the virtual currency this would be unnecessary, because even as it is not physical and is not spent over time would not need maintenance, at most some security updates, which is the standard of all technology.

Well, or the user does not look at Bitcoin in different ways, because for some Bitcoin it's a high-tech art, and for someone it's an investment. although for most Bitcoin it's just an opportunity to make money.

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Quote from: kodtycoon on December 04, 2017, 10:47:23 AM

Quote from: prettypearl on November 14, 2017, 07:12:54 PM

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

Bitcoin for me is an asset that has a high selling price. Bitcoin is not a currency, so I guess bitcoin can not be compared with currency. If bitcoin is compared to gold, I'm sure it is the right question.

I believe that with offline coins he meant the fiat. If yes I answer you, for the governments to keep the fiat circulating and necessary the production of new currencies in the market every day, not only to replace the lost notes but also to maintain the ones that are already spent.

Already with the virtual currency this would be unnecessary, because even as it is not physical and is not spent over time would not need maintenance, at most some security updates, which is the standard of all technology.

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Quote from: youngagethinker on December 08, 2017, 12:13:58 AM

Quote from: prettypearl on November 14, 2017, 07:12:54 PM

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

Extensive research is what will cut these, a newbie wants to learn so give him the forum, give him the proper references and explain him the blockchain. If ever he will deny all of your efforts and don't still believe in the blockchain then so be it.

Of course the fiat still have the largest market value, but BTC is catching up, I think in the next 5 years, it will already surpassed the Dollar reserve, why? Global adoption man, fiat has been here for about a hundred or thousand years, IF bTC will be adopted by as many of us, he will dethrone fiat that easily and governments, banks businessman and laws will try to not let that happen.

Bitcoin has a lot of competitors, as well as with the exact opposite Bitcoin is a competitor for many currencies. You are a bit mistaken about the banking system and the government, because all these structures are very quickly oriented in real modern conditions. The government is most likely the world leader of Bitcoin in order to have control over the income of users, just as banks can earn their president with the help of crypto currency.

youngagethinker

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Quote from: prettypearl on November 14, 2017, 07:12:54 PM

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

Extensive research is what will cut these, a newbie wants to learn so give him the forum, give him the proper references and explain him the blockchain. If ever he will deny all of your efforts and don't still believe in the blockchain then so be it.

Of course the fiat still have the largest market value, but BTC is catching up, I think in the next 5 years, it will already surpassed the Dollar reserve, why? Global adoption man, fiat has been here for about a hundred or thousand years, IF bTC will be adopted by as many of us, he will dethrone fiat that easily and governments, banks businessman and laws will try to not let that happen.

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Quote from: Flowzer on December 07, 2017, 05:22:55 PM

I think bitcoin has more market value than other offline currencies. because bitcoin is more suitable for short or long term investment. the often rising bitcoin price will make you get a big profit if you have bitcoin. than stable fiat money can not afford a large profit like bitcoin. now bitcoin is becoming more popular than fiat money.

Aside from that investing in bitcoin is much profitable compared to offline currencies, because if you hold your bitcoin in the wallet it was rapidly increasing their price. Moreover value of offline currency are not gain profit if in case that the Fiat is on your hand

Flowzer

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I think bitcoin has more market value than other offline currencies. because bitcoin is more suitable for short or long term investment. the often rising bitcoin price will make you get a big profit if you have bitcoin. than stable fiat money can not afford a large profit like bitcoin. now bitcoin is becoming more popular than fiat money.

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there is no doubt that bitcoin is a great investment and as well as a currency since we can do transactions at a much easier way and faster than offline currencies, if you are referring to fiat, in which it is offline. in terms of value, bitcoin has a higher value compared to fiat, since bitcoin gained the trust of people through time and had shown that it can be both currency and asset, however for fiat, it will depend upon you location, where you live, for example in my country, our fiat's value decreases through time due to inflation and as well as the dollar's influence, well as for bitcoin, if you have 1 bitcoin in your country and it can buy a car, your 1 bitcoin can also buy a car in other countries, since the value of bitcoin is the same on every country, and for me that is already a good reason, why you should choose bitcoin over offline currencies.

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Quote from: denny27 on December 05, 2017, 04:09:03 AM

Well it seems from seeing the development of the era to the present, many people seem to thinking wanna be closer to this digital currency compared to the offline currency due to various on its advantages.
In addition to many people who are currently doing investing / buying-selling bitcoin, since already several countries has legalized bitcoin as a medium of payments.. many people are also currently opening various businesses with bitcoin payments.
Basically I think, as time goes by.. the people are more likely would be to keep up with the new things.

All the digital currencies which have been introduced to this world are gaining a lot of fame amongst the people. The increasing demand of most of the coins in crypto world is a proof of this thing that all the crypto coins especially bitcoin is going to have a wonderful future. All other offline currencies can only be used for spending money. None of them can serve in an away bitcoin can help us in making money.

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Quote from: prettypearl on November 14, 2017, 07:12:54 PM

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

Welcome to the forum and crypto currency in general, the market value of Bitcoin cannot be compared to any offline currency or fait currency in the world. Bitcoin is the world wide currency that its value is increasing day after day and no any fiat currency appreciate in value like Bitcoin any where in the world. The percentage of people who own Bitcoin is still insignificant and as it get more adoption on daily basis and that its value will continue to increase of which no offline currency or fait currency in the world has such adoption.

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Quote from: kikoy999 on December 04, 2017, 03:39:27 AM

I think that all bitcoins will lose all crypto currency one by one because bitcoin only has the highest rate and value in all the coins.

Bitcoin is the top leading coin in the world of digital money and is making more reputation with each passing day. There is a very huge difference in between bitcoin and all other offline currencies. The most basic difference amongst them is that you need to have an internet connection in order to regulate bitcoin. While there is no such need in case of offline currencies. Moreover, bitcoin is also a good way of investing money unlike offline currencies.

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Quote from: IAMYOURLEADER on December 03, 2017, 02:52:36 AM

Quote from: prettypearl on November 14, 2017, 07:12:54 PM

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

Bitcoin is not controlled by the government which means that they cannot manipulate on their own selves the financial market which they can on fiat and bitcoin will have more market value in the future which is going to $1M possibly.

There is a very huge difference in between bitcoin all other offline currencies. The most basic difference is that bitcoin do need internet connection because it is an online currency unlike all other offline currencies. In addition to this, bitcoin can also help you in having a lot of money by simply keeping bitcoin in your wallet because of its volatile nature unlike all other offline currencies. Moreover, there is no one in this world which is controlling bitcoin because of its decentralized nature.

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Well it seems from seeing the development of the era to the present, many people seem to thinking wanna be closer to this digital currency compared to the offline currency due to various on its advantages.
In addition to many people who are currently doing investing / buying-selling bitcoin, since already several countries has legalized bitcoin as a medium of payments.. many people are also currently opening various businesses with bitcoin payments.
Basically I think, as time goes by.. the people are more likely would be to keep up with the new things.

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Quote from: joan26 on November 19, 2017, 07:05:36 AM

Quote from: prettypearl on November 14, 2017, 07:12:54 PM

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

Obviously now,the value of bitcoins is greater than any other offline currency because of the demand of its users and because of its future potential. It is also easier to use during technology development

When internet started some years back, you should also realize that it was not massively used as we have it now. One thing we have to understand with technology evolution is that, those who get to adopt it early usually and most times always get the best of it and before it even gets the wide spread usage, it takes time. Maybe, it is high time we started looking at bitcoin or the blockchain technology too in that light.

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Quote from: pweetypearl2017 on December 04, 2017, 10:41:31 AM

Bitcoin is a crypto currency which lives in the cyberworld and decentralized was occurred. Bitcoin has a lots of privileges , like transaction fees which is easy and fast with very low transaction fees compared to fiats money. Its value is increasing and its a good opportunity to have a good profit today for the future purposes. No government that will be dictated which is highly secured especially the different transaction all over the world. As of this time bitcoin is the dominant of all over crypto currencies in the cyberworld .

Yes it is true that bitcoin is easy to used especially to online transactions, but if you realize offline money was the most usable currency for the real world. Even there's a lot of digital currency that circulate to the whole world, still fiat is the choice of many people.

Maybe because they have lacked of education regarding using of technology or else they can't know the good things given by the crypto currency.

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Quote from: prettypearl on November 14, 2017, 07:12:54 PM

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

Bitcoin for me is an asset that has a high selling price. Bitcoin is not a currency, so I guess bitcoin can not be compared with currency. If bitcoin is compared to gold, I'm sure it is the right question.

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Bitcoin is a crypto currency which lives in the cyberworld and decentralized was occurred. Bitcoin has a lots of privileges , like transaction fees which is easy and fast with very low transaction fees compared to fiats money. Its value is increasing and its a good opportunity to have a good profit today for the future purposes. No government that will be dictated which is highly secured especially the different transaction all over the world. As of this time bitcoin is the dominant of all over crypto currencies in the cyberworld .

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Bitcoin has a huge request and supply in advertise than all disconnected monetary standards, the present estimation of bitcoin depicts its significance itself.

It's momentary exchange highlight pulls in, even propels vast associations to acknowledge bitcoin as an essential strategy.

Almost in five years, utilization of fiat cash would be unimportant without a doubt.

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Quote from: prettypearl on November 14, 2017, 07:12:54 PM

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

what offline currencies are you asking? is it the real and physical money that we are using right now? if it is, bitcoin is the digital money and physical money is the money or currency that we used in everyday life.

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Quote from: prettypearl on November 14, 2017, 07:12:54 PM

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

Are you talking about fiat vs bitcoin right?
Both have pros and cons and both have importance in their own place. I believe bitcoin and cryptos have more advantages than fiat because of the following reasons.
1. Bitcoin and majority cryptos are decentralized, not a single authority or governing body can control it like fiat.
2. Bitcoin and cryptos are more secure.
3. Bitcoin and cryptos are more convenient in use.
4. We can get rid of bank's monopoly.
5. More trading opportunities in Cryptos than fiat.

kikoy999

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I think that all bitcoins will lose all crypto currency one by one because bitcoin only has the highest rate and value in all the coins.

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