Bitcoin versus other offline currencies - page 11.

MMA

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Quote from: justdimin on December 02, 2017, 04:41:53 AM

Quote from: mharz on November 28, 2017, 10:37:07 PM

Bitcoin value are rapidly increasing, so I never doubted if one day bitcoin surpass other offline currency in the world. I was completely believe that bitcoin is the future currency of the world. I'm looking forward to the value of bitcoin in the crypto industry this coming 2018. Most of the users are correct to their speculation because this coin now are totally reach $10,000. Obviously that offline money or paper currency are no longer increase their value in the market whatever happened.

At this stage, the rate of adoption is still very low and then I imagine when the time we have been waiting for when we will end up having some huge amount of FOMOs rushing in comes. Bitcoin has reached a huge ATH just in this year alone and I am not sure anything can bring it down further than it already is except for just some few corrections.

As time goes on and as bitcoin becomes even more usable for daily spending, offline currencies are going to be ignored by bitcoin enthusiasts, and as things get better, other enthusiasts will keep rolling in to be a part of the crypto world.

Yes that is right that with the increasing interest of the people in online currency the use of offline currency will be decreasing. But still i think it will take a lot of time because currently a very limited number of people have the opportunity to use bitcoin for shopping. I think still majority of people do not have the awareness about bitcoin but now we can see that because of the increasing introduction of bitcoin in different place people are now taking more interest in bitcoin and they are now trying to use bitcoin for shopping and so many other purpose.

cryptopat

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Quote from: BillCoin on November 15, 2017, 02:47:57 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 ?

Hi and welcome to bitcointalk forum!

By other "offline currencies", I guess that you mean to gold and cash, let me explain why bitcoin is better then them.

Cash- Huge inflation, which means that if you hold cash as a store of value, at the long run you will lose value!, can be only transferred by a face to face meeting(someone need to physically deliver the cash to you).

Gold-Hard to store( takes a lot of space and may require to have a security behind), and also hard to transfer

Bitcoin- Fixed inflation, which means that you won't lose value at the long run, and also very easy to transfer,you don't need to actually meet someone in order to transfer bitcoins and you can do it from home.
Also it's value goes up at the long run.

As the value of bitcoin is surging high, if it Para venture drops in value in terms of price, will it still be able to surge high or even higher than its initial price?

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Quote from: richardsNY on November 30, 2017, 07:13:21 PM

Quote from: radjie on November 30, 2017, 06:47:53 PM

but the ease of transactions that have been done by the general public better use the real currency that we use because the role of bitcoin is not a currency that can be used by all levels of society in the world.

That will change once lightning network does its work. Currently the higher fees and slow confirmation times are the main bother for people, and after that comes the volatility. If we look at lightning network, it will take care of the higher fees and confirmation times. Another aspect is that it is capable of processing much more transactions per second, which is also a limiting factor right now, but not directly noticed or looked at. People (especially those who value micro transactions) will get their shot, which will make the chances of adoption by people in third world countries much higher than they ever were. I don't know when lightning network will be fully operational, but it's definitely something to look forward to since this will push Bitcoin to the next level.

The thing is everything which is there in this world has its own pros and cons. There is nothing perfect in this world. Bitcoin does have some drawback like that of slow transaction process and high transaction fee but as compared to that of other currencies, it is really very profitable to have bitcoin in our wallet. Reason being it can help us in having more money in return unlike many other currencies. Moreover, it is having a very bright future.

IAMYOURLEADER

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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 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.

whyrqa

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Quote from: justdimin on December 02, 2017, 04:41:53 AM

Quote from: mharz on November 28, 2017, 10:37:07 PM

Bitcoin value are rapidly increasing, so I never doubted if one day bitcoin surpass other offline currency in the world. I was completely believe that bitcoin is the future currency of the world. I'm looking forward to the value of bitcoin in the crypto industry this coming 2018. Most of the users are correct to their speculation because this coin now are totally reach $10,000. Obviously that offline money or paper currency are no longer increase their value in the market whatever happened.

At this stage, the rate of adoption is still very low and then I imagine when the time we have been waiting for when we will end up having some huge amount of FOMOs rushing in comes. Bitcoin has reached a huge ATH just in this year alone and I am not sure anything can bring it down further than it already is except for just some few corrections.

As time goes on and as bitcoin becomes even more usable for daily spending, offline currencies are going to be ignored by bitcoin enthusiasts, and as things get better, other enthusiasts will keep rolling in to be a part of the crypto world.

I think that Bitcoin will still be in the lead among the crypto-currencies and maybe others need to be equal only by Bitcoin, and not try to do something more. I think that it is almost impossible, because we are going today. What are the maximum records of the price beat Bitcoin.

justdimin

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Quote from: mharz on November 28, 2017, 10:37:07 PM

Bitcoin value are rapidly increasing, so I never doubted if one day bitcoin surpass other offline currency in the world. I was completely believe that bitcoin is the future currency of the world. I'm looking forward to the value of bitcoin in the crypto industry this coming 2018. Most of the users are correct to their speculation because this coin now are totally reach $10,000. Obviously that offline money or paper currency are no longer increase their value in the market whatever happened.

At this stage, the rate of adoption is still very low and then I imagine when the time we have been waiting for when we will end up having some huge amount of FOMOs rushing in comes. Bitcoin has reached a huge ATH just in this year alone and I am not sure anything can bring it down further than it already is except for just some few corrections.

As time goes on and as bitcoin becomes even more usable for daily spending, offline currencies are going to be ignored by bitcoin enthusiasts, and as things get better, other enthusiasts will keep rolling in to be a part of the crypto world.

Dheo

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Quote from: Vannie12 on November 30, 2017, 07:51:43 AM

Quote from: mrcash02 on November 29, 2017, 06:22:12 PM

Quote from: BillCoin on November 29, 2017, 06:07:08 PM

Quote from: mharz on November 28, 2017, 10:37:07 PM

Bitcoin value are rapidly increasing, so I never doubted if one day bitcoin surpass other offline currency in the world. I was completely believe that bitcoin is the future currency of the world. I'm looking forward to the value of bitcoin in the crypto industry this coming 2018. Most of the users are correct to their speculation because this coin now are totally reach $10,000. Obviously that offline money or paper currency are no longer increase their value in the market whatever happened.

It's very hard to say that bitcoin value is rapidly increasing.

It something that happened, it doesn't mean that it is going to always happen, I don't think that the fact that bitcoin's price is very volatility is a good thing, I think exactly the opposite.
It is hard to have bitcoin as a store of value because the price tends to go up and down very often.
When people search for a store of value they search for a safe asset, and bitcoin is not a safe asset at all.

As speculative currency the volatility is very good and worth a lot since we have never seen BTC falling on long term, what means the volatility is always pushing BTC up (and a lot!). But as you said, we can't predict it will always happen... It's the nature of Bitcoin, and even with so many apparent risks, it's still very worthful and profitable. I see Crypto-Currency as a new kind of investment like we never had before, very original and volatility is a part of it.

Bitcoin isn't so safe like traditional investments people make with fiat (I don't even think these investments are profitable), but it gives much more return. So you must think about about the possibilities: A profitable "risky" investment or a safe unprofitable one? I prefer the first alternative...

I agree with you. Though bitcoin is very profitable as a currency or commodity, risks are endless and as prices continuously increase, risks definitely higher too. Especially in investments started at high prices. The volality can never be accurately predicted or expected in reality.

The bigger the more higher risk, its normal that's why you need to invest your money that you are willing to lose. We all don't want to lose our money, but this is investment and we need to face the fact how risky it is.

prettypearl

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Quote from: Aamir1 on November 21, 2017, 12:43:10 PM

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 ?

There are no coins that can compete with Bitcoin in any matter. The whole market of other cryptocurrencies is totally dependent on Bitcoin and its price. Their rise and fall, their adoption and all, it starts and finishes with Bitcoin. So obviously bitcoin will have and has the highest market value and it will always be the same. I don't think there will be a coin which can stand still against Bitcoin, unless Bitcoin surprisingly disappears and some other coin takes its place.

Point noted.
Thanks for your contribution.

prettypearl

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Quote from: bitcoinvamp on November 21, 2017, 10:56:20 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 ?

I think there are many reasons that could make you believe that investing in bitcoin is better than other offline currencies. One of them is huge market value with huge scope of profit investing into bitcoins. Every other offline currency has a certain ROI out of which maximum could be provided by investing in gold . But at this point of time Bitcoin is leading every currency available including gold.

Point noted.
Thanks for your contribution.

prettypearl

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Quote from: gesdan on November 21, 2017, 09:13:39 AM

maybe right now offline currencies is better than digital currencies specially bitcoin, because right now bitocin is not popular than we know, not all of people in a country know about bitcoin and use it, so if we want to make transaction with bitcoin it will be harder than offline curencies

Point noted.
Thanks for your contribution

richardsNY

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Quote from: radjie on November 30, 2017, 06:47:53 PM

but the ease of transactions that have been done by the general public better use the real currency that we use because the role of bitcoin is not a currency that can be used by all levels of society in the world.

That will change once lightning network does its work. Currently the higher fees and slow confirmation times are the main bother for people, and after that comes the volatility. If we look at lightning network, it will take care of the higher fees and confirmation times. Another aspect is that it is capable of processing much more transactions per second, which is also a limiting factor right now, but not directly noticed or looked at. People (especially those who value micro transactions) will get their shot, which will make the chances of adoption by people in third world countries much higher than they ever were. I don't know when lightning network will be fully operational, but it's definitely something to look forward to since this will push Bitcoin to the next level.

radjie

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Quote from: Ayiranorea on November 30, 2017, 05:30:28 PM

Quote from: chineseprancing on November 30, 2017, 03:33:03 PM

Quote from: Hamphser on November 30, 2017, 01:12:18 PM

Quote from: Vannie12 on November 30, 2017, 07:51:43 AM

Quote from: mrcash02 on November 29, 2017, 06:22:12 PM

Quote from: BillCoin on November 29, 2017, 06:07:08 PM

Quote from: mharz on November 28, 2017, 10:37:07 PM

Bitcoin value are rapidly increasing, so I never doubted if one day bitcoin surpass other offline currency in the world. I was completely believe that bitcoin is the future currency of the world. I'm looking forward to the value of bitcoin in the crypto industry this coming 2018. Most of the users are correct to their speculation because this coin now are totally reach $10,000. Obviously that offline money or paper currency are no longer increase their value in the market whatever happened.

It's very hard to say that bitcoin value is rapidly increasing.

It something that happened, it doesn't mean that it is going to always happen, I don't think that the fact that bitcoin's price is very volatility is a good thing, I think exactly the opposite.
It is hard to have bitcoin as a store of value because the price tends to go up and down very often.
When people search for a store of value they search for a safe asset, and bitcoin is not a safe asset at all.

As speculative currency the volatility is very good and worth a lot since we have never seen BTC falling on long term, what means the volatility is always pushing BTC up (and a lot!). But as you said, we can't predict it will always happen... It's the nature of Bitcoin, and even with so many apparent risks, it's still very worthful and profitable. I see Crypto-Currency as a new kind of investment like we never had before, very original and volatility is a part of it.

Bitcoin isn't so safe like traditional investments people make with fiat (I don't even think these investments are profitable), but it gives much more return. So you must think about about the possibilities: A profitable "risky" investment or a safe unprofitable one? I prefer the first alternative...

I agree with you. Though bitcoin is very profitable as a currency or commodity, risks are endless and as prices continuously increase, risks definitely higher too. Especially in investments started at high prices. The volality can never be accurately predicted or expected in reality.

This is always been the risk if you do decide to invest into bitcoin which volatility would really be the main enemy on here since we wont really know on where would prices would go either in a matter of minutes or hours or days.No one really knows this is why this crypto market is really unpredictable. Offline currencies is being used in the beginning of time which its being backed by the government which we can somehow say that it is stabilized and strong. Bitcoin is a different thing.

Offline currency now is much useful for now compared to bitcoin, because as you see bitcoin amount now is not totally used as currencies in different countries. Maybe it was used in some are but not all allowed bitcoin, also offline currency is the most useful amount of an ordinary people maybe they were already trained well using offline cash compared to bitcoin.

At present people were much used to the offline currency. This is all because of the increased usage and the ease of accessing unlike the bitcoin as well other digital currencies. For using bitcoin people need to get used to it, which takes long term and so it gets more importance as an investment as well on similar needs rather than getting used as currency.

bitcoin is very feasible if used as a form of investment assets because the value and price movements are always changing quickly that can generate profits for anyone who invests in it, when compared with other types of investment forms bitcoin obviously much more promising. but the ease of transactions that have been done by the general public better use the real currency that we use because the role of bitcoin is not a currency that can be used by all levels of society in the world.

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Quote from: chineseprancing on November 30, 2017, 03:33:03 PM

Quote from: Hamphser on November 30, 2017, 01:12:18 PM

Quote from: Vannie12 on November 30, 2017, 07:51:43 AM

Quote from: mrcash02 on November 29, 2017, 06:22:12 PM

Quote from: BillCoin on November 29, 2017, 06:07:08 PM

Quote from: mharz on November 28, 2017, 10:37:07 PM

Bitcoin value are rapidly increasing, so I never doubted if one day bitcoin surpass other offline currency in the world. I was completely believe that bitcoin is the future currency of the world. I'm looking forward to the value of bitcoin in the crypto industry this coming 2018. Most of the users are correct to their speculation because this coin now are totally reach $10,000. Obviously that offline money or paper currency are no longer increase their value in the market whatever happened.

It's very hard to say that bitcoin value is rapidly increasing.

It something that happened, it doesn't mean that it is going to always happen, I don't think that the fact that bitcoin's price is very volatility is a good thing, I think exactly the opposite.
It is hard to have bitcoin as a store of value because the price tends to go up and down very often.
When people search for a store of value they search for a safe asset, and bitcoin is not a safe asset at all.

As speculative currency the volatility is very good and worth a lot since we have never seen BTC falling on long term, what means the volatility is always pushing BTC up (and a lot!). But as you said, we can't predict it will always happen... It's the nature of Bitcoin, and even with so many apparent risks, it's still very worthful and profitable. I see Crypto-Currency as a new kind of investment like we never had before, very original and volatility is a part of it.

Bitcoin isn't so safe like traditional investments people make with fiat (I don't even think these investments are profitable), but it gives much more return. So you must think about about the possibilities: A profitable "risky" investment or a safe unprofitable one? I prefer the first alternative...

I agree with you. Though bitcoin is very profitable as a currency or commodity, risks are endless and as prices continuously increase, risks definitely higher too. Especially in investments started at high prices. The volality can never be accurately predicted or expected in reality.

This is always been the risk if you do decide to invest into bitcoin which volatility would really be the main enemy on here since we wont really know on where would prices would go either in a matter of minutes or hours or days.No one really knows this is why this crypto market is really unpredictable. Offline currencies is being used in the beginning of time which its being backed by the government which we can somehow say that it is stabilized and strong. Bitcoin is a different thing.

Offline currency now is much useful for now compared to bitcoin, because as you see bitcoin amount now is not totally used as currencies in different countries. Maybe it was used in some are but not all allowed bitcoin, also offline currency is the most useful amount of an ordinary people maybe they were already trained well using offline cash compared to bitcoin.

At present people were much used to the offline currency. This is all because of the increased usage and the ease of accessing unlike the bitcoin as well other digital currencies. For using bitcoin people need to get used to it, which takes long term and so it gets more importance as an investment as well on similar needs rather than getting used as currency.

chineseprancing

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Quote from: Hamphser on November 30, 2017, 01:12:18 PM

Quote from: Vannie12 on November 30, 2017, 07:51:43 AM

Quote from: mrcash02 on November 29, 2017, 06:22:12 PM

Quote from: BillCoin on November 29, 2017, 06:07:08 PM

Quote from: mharz on November 28, 2017, 10:37:07 PM

Bitcoin value are rapidly increasing, so I never doubted if one day bitcoin surpass other offline currency in the world. I was completely believe that bitcoin is the future currency of the world. I'm looking forward to the value of bitcoin in the crypto industry this coming 2018. Most of the users are correct to their speculation because this coin now are totally reach $10,000. Obviously that offline money or paper currency are no longer increase their value in the market whatever happened.

It's very hard to say that bitcoin value is rapidly increasing.

It something that happened, it doesn't mean that it is going to always happen, I don't think that the fact that bitcoin's price is very volatility is a good thing, I think exactly the opposite.
It is hard to have bitcoin as a store of value because the price tends to go up and down very often.
When people search for a store of value they search for a safe asset, and bitcoin is not a safe asset at all.

As speculative currency the volatility is very good and worth a lot since we have never seen BTC falling on long term, what means the volatility is always pushing BTC up (and a lot!). But as you said, we can't predict it will always happen... It's the nature of Bitcoin, and even with so many apparent risks, it's still very worthful and profitable. I see Crypto-Currency as a new kind of investment like we never had before, very original and volatility is a part of it.

Bitcoin isn't so safe like traditional investments people make with fiat (I don't even think these investments are profitable), but it gives much more return. So you must think about about the possibilities: A profitable "risky" investment or a safe unprofitable one? I prefer the first alternative...

I agree with you. Though bitcoin is very profitable as a currency or commodity, risks are endless and as prices continuously increase, risks definitely higher too. Especially in investments started at high prices. The volality can never be accurately predicted or expected in reality.

This is always been the risk if you do decide to invest into bitcoin which volatility would really be the main enemy on here since we wont really know on where would prices would go either in a matter of minutes or hours or days.No one really knows this is why this crypto market is really unpredictable. Offline currencies is being used in the beginning of time which its being backed by the government which we can somehow say that it is stabilized and strong. Bitcoin is a different thing.

Offline currency now is much useful for now compared to bitcoin, because as you see bitcoin amount now is not totally used as currencies in different countries. Maybe it was used in some are but not all allowed bitcoin, also offline currency is the most useful amount of an ordinary people maybe they were already trained well using offline cash compared to bitcoin.

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Quote from: Vannie12 on November 30, 2017, 07:51:43 AM

Quote from: mrcash02 on November 29, 2017, 06:22:12 PM

Quote from: BillCoin on November 29, 2017, 06:07:08 PM

Quote from: mharz on November 28, 2017, 10:37:07 PM

Bitcoin value are rapidly increasing, so I never doubted if one day bitcoin surpass other offline currency in the world. I was completely believe that bitcoin is the future currency of the world. I'm looking forward to the value of bitcoin in the crypto industry this coming 2018. Most of the users are correct to their speculation because this coin now are totally reach $10,000. Obviously that offline money or paper currency are no longer increase their value in the market whatever happened.

It's very hard to say that bitcoin value is rapidly increasing.

It something that happened, it doesn't mean that it is going to always happen, I don't think that the fact that bitcoin's price is very volatility is a good thing, I think exactly the opposite.
It is hard to have bitcoin as a store of value because the price tends to go up and down very often.
When people search for a store of value they search for a safe asset, and bitcoin is not a safe asset at all.

As speculative currency the volatility is very good and worth a lot since we have never seen BTC falling on long term, what means the volatility is always pushing BTC up (and a lot!). But as you said, we can't predict it will always happen... It's the nature of Bitcoin, and even with so many apparent risks, it's still very worthful and profitable. I see Crypto-Currency as a new kind of investment like we never had before, very original and volatility is a part of it.

Bitcoin isn't so safe like traditional investments people make with fiat (I don't even think these investments are profitable), but it gives much more return. So you must think about about the possibilities: A profitable "risky" investment or a safe unprofitable one? I prefer the first alternative...

I agree with you. Though bitcoin is very profitable as a currency or commodity, risks are endless and as prices continuously increase, risks definitely higher too. Especially in investments started at high prices. The volality can never be accurately predicted or expected in reality.

This is always been the risk if you do decide to invest into bitcoin which volatility would really be the main enemy on here since we wont really know on where would prices would go either in a matter of minutes or hours or days.No one really knows this is why this crypto market is really unpredictable. Offline currencies is being used in the beginning of time which its being backed by the government which we can somehow say that it is stabilized and strong. Bitcoin is a different thing.

prettypearl

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Quote from: batang_bitcoin on November 21, 2017, 01:49:13 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 ?

Comparing bitcoin against "offline currencies" you mean to say cash? or a thing that has an economical value like jewelries, mostly with precious gold, silver, bronze, etc? If you are looking for what's the real market of bitcoin, try to check out coinmarketcap.com and for the market value of fiat money/cash, the government or your country will tell it how much it was valued. While with the precious things I mentioned try to explore this chart http://www.kitco.com/charts/

Point noted.
Thanks for your contribution

Futureblnr

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Bitcoin has a vast demand and supply in market than all offline currencies, the present value of bitcoin describes its importance itself.
It's instantaneous transfer feature attracts, even compels large organisations to accept bitcoin as a primary method.
Nearly in five years, use of fiat currency would be negligible for sure.

el kaka22

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Quote from: Bigbangcrazy on November 29, 2017, 12:36:09 AM

Why not try to use the bitcoin to end inflation of paper money? If the bitcoin can't be inflated, this should create a reason to no longer create anymore currency to balance out its current value and maybe even create a much more stable economy that no one has ever seen before. But that's just my opinion.

That is what makes bitcoin even much better anyway. Cash have always been inflated and asides the huge control by the government at the expense of the masses and by trying to distribute wealth to just some few set of people, fiats have been a useless one as far as I am concerned and who would want to stick to useless when useful that would end up paying everyone is there.

Bitcoin will keep growing in value, will keep being useful for transactions and that alone will make it to step aside offline currencies in the long run.

Vannie12

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Quote from: mrcash02 on November 29, 2017, 06:22:12 PM

Quote from: BillCoin on November 29, 2017, 06:07:08 PM

Quote from: mharz on November 28, 2017, 10:37:07 PM

Bitcoin value are rapidly increasing, so I never doubted if one day bitcoin surpass other offline currency in the world. I was completely believe that bitcoin is the future currency of the world. I'm looking forward to the value of bitcoin in the crypto industry this coming 2018. Most of the users are correct to their speculation because this coin now are totally reach $10,000. Obviously that offline money or paper currency are no longer increase their value in the market whatever happened.

It's very hard to say that bitcoin value is rapidly increasing.

It something that happened, it doesn't mean that it is going to always happen, I don't think that the fact that bitcoin's price is very volatility is a good thing, I think exactly the opposite.
It is hard to have bitcoin as a store of value because the price tends to go up and down very often.
When people search for a store of value they search for a safe asset, and bitcoin is not a safe asset at all.

As speculative currency the volatility is very good and worth a lot since we have never seen BTC falling on long term, what means the volatility is always pushing BTC up (and a lot!). But as you said, we can't predict it will always happen... It's the nature of Bitcoin, and even with so many apparent risks, it's still very worthful and profitable. I see Crypto-Currency as a new kind of investment like we never had before, very original and volatility is a part of it.

Bitcoin isn't so safe like traditional investments people make with fiat (I don't even think these investments are profitable), but it gives much more return. So you must think about about the possibilities: A profitable "risky" investment or a safe unprofitable one? I prefer the first alternative...

I agree with you. Though bitcoin is very profitable as a currency or commodity, risks are endless and as prices continuously increase, risks definitely higher too. Especially in investments started at high prices. The volality can never be accurately predicted or expected in reality.

Siopao

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Bitcoin is a digital currency that is best for longvterm investment, from the previous year btc have shown great increasing value so it can give really high return to investors while offline currency or fiat are good for buying things and servuces compare to btc that have fluctuating value. Fiat's value is steady and can be easily affected by inflation. It ia also regulated while btc is decentralized.

Topic: Bitcoin versus other offline currencies - page 11. (Read 12761 times)