Topic: Bitcoin versus other offline currencies - page 12. (Read 12759 times)
Bitcoin is looking very promising, with good market value
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 vs Offline currencies? Then it would depend on which thing you do like to know when it comes on market value then Bitcoin doesnt stood a chance in local fiat currencies if you do really try to see on how big do have on local fiats. Bitcoin might have a high value but when we do speak on stability or foundation then fiat would always stand on the peak on which most people will sure choose up.Which one has more market value and why do you think so ?
Bitcoin is only used online, and another thing you should know is that Bitcoin is not a Currency, it is just an asset that keeps on increasing in price rate and the main reason people are here is for them to make extra money, through the investment they have made.
Whether USD is being used offline or online, it does not change the characteristics of it and that is centralization.We all know that fiats suck and governments have only tried as much as possible to cover the face of the masses with some blurs and make them suffer for the monopoly they have been doing with fiats.
Bitcoin on the other hand being a decentralized currency is more of a better store of value than fiats and over time, when mass adoption is fixed and when bitcoin's scaling issue gets better, I really wonder if any crypto enthusiast will be using fiat.
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...
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.
Both offline and online currency has advantage to each other, bitcoin is much better to invest right now than real state because it can give quicker income even short or long term period unlike using fiat to invest in real estate you should wait for long period of time to feel your income.
The best thing in offline currency ia you can used it anywhere, anytime you want.
The best thing in offline currency ia you can used it anywhere, anytime you want.
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 vs Offline currencies? Then it would depend on which thing you do like to know when it comes on market value then Bitcoin doesnt stood a chance in local fiat currencies if you do really try to see on how big do have on local fiats. Bitcoin might have a high value but when we do speak on stability or foundation then fiat would always stand on the peak on which most people will sure choose up.Which one has more market value and why do you think so ?
Bitcoin is only used online, and another thing you should know is that Bitcoin is not a Currency, it is just an asset that keeps on increasing in price rate and the main reason people are here is for them to make extra money, through the investment they have made.
You can use bitcoin for whatever you like and can send it to every participant around the world without the necessity to use the fiat system payment processors that often have to check your identity and can send your money only based on the laws they are bound to. The same is valid for altcoins and as they are not in the public focus like bitcoin, you can still use them and fly under the radar so to say even if governments have already banned bitcoin.
Point noted.
Thanks for your response.
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 developmentWhich one has more market value and why do you think so ?
Point noted.
Thanks for the response.
I have been asking myself beforehand how do I discovered bitcoin investments now than any other currencies available since my birth. It is because cryptocurrency is for the masses and not for oligarchs that Is dominating the entire stock market for they’re greediness. It’s a reality that we won’t never understood until now if Blockchain technology destroyed that perception that investing is for the riches and the kings.
It is the ultimate opposite to gold and fiat and the opportunity it bring to ordinary person is higher.
Right. Cryptocurrency will always be for everyone and the fact that some people who have always controlled fiats cannot really have much of a place in the crypto ecosystem makes it more interesting.It is the ultimate opposite to gold and fiat and the opportunity it bring to ordinary person is higher.
Yet, it still all balls down to those who are able to adopt it very early as whether we like it or not, most of these rich dudes are already catching the scopes and trying to invest as much as they can but the good thing is that, decentralization is what gives it so much sense at the end.
Point noted.
Thanks for your comment.
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 a lot of reasons, firstly there is a trust that comes from the fact that it is the first crypto money, there is also an excessive customer demand, the use of many places makes the price of BTC high.Which one has more market value and why do you think so ?
Point noted.
Thanks for the contribution.
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 always explain to others that Bitcoin is a revolutionary financial system and has a good future. I always compare Bitcoin with credit card and paypal. With various explanations then I mention that Bitcoin has many advantages over others, Speed and ease in doing every transaction is a plus value that we can. Mathematically, Bitcoin is far superior and better equipped to cope with the increasingly sophisticated growth of technology today.Which one has more market value and why do you think so ?
Point noted.
Thanks for your contribution.
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.
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!Which one has more market value and why do you think so ?
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.
Impose,but what captured my attention is when you said "YOU WONT LOSS VALUE AT
THE LONG RUN" because as we know bitcoin value wasnt stable,it dump and bump and
No one can tell what will the future of all crypto currencies,if they will stay on high value
Or will drops for tomorrow,
For me better to sau that Bitcoins advantage is when it pumps our investments could
Earn big profit while in physical money we can ewrn nothing.upon holding
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.
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 ?
Which one has more market value and why do you think so ?
It's really up to what you want to use each for. Considering that you're probably talking about fiat, I would say that if you want to use something more as a currency, use fiat. It's accepted much more across multiple platforms; it's what the sellers normally expect you to use to pay. If you're looking to get a form of payment that ranges in the evaluation and one that works as an asset/investment as well, work with bitcoin. You'll have gains in the future and be able to use it then.
Point noted.
Thanks for your contribution.
At present moment, Bitcoin's demand is huge and increasing in a fast pace. Moreover online stores have already started to accept Bitcoin only, but I believe other cryptocurrencies will also be accepted.
Atleast in far future the use of offline fiats will be somehow reduced for sure.
Atleast in far future the use of offline fiats will be somehow reduced for sure.
I see that this discussion is between future and past. Fiat is new to the world in the year of 1769 when the time we first paper money but since world adopts to digitalization we will give further to use the bitcoin and other crypto currencies as their national currency but I am really looking forward to know the bitcoin as a national currency if that is belongs to my country means I will be glad more about it.
However, these kind of discussion will goes like rubber band and expand it more than a 10 plus pages by saying the same information again and again.
Point noted.
Thanks for your contribution.
Well I think Bitcoin is an currency and can be used as an asset unlike offline currency that is just a currency, in short you can make money in currency like bitcoin it's an investment but offline currency is tangible that's what its advantage that bitcoin don't have but still bitcoin has a bright future.
Hi and welcome to Bitcoin Forum! 
Bitcoin is basically a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a single administrator.Bitcoin is better than other offline currencies in following ways:
• Bitcoin is better than regular currency as Bitcoin has the [capability] to be send and recieve money in an easy and secured way whereas other offline currencies consumes time and effort to transfer it from one place to another.
• Bitcoin’s [future is brighter than other offline currencies] as it’s marketvalue is getting higher day by day which increases the chance of profit. Bill Gates highlighted it’s importance by stating that “Bitcoin is Better Than Currency”.
• Bitcoin’s [security beats other offline currencies security].Bitcoin can be backed uo and saved to other servers, saved in wallets, or in offline vaults whereas, other currencies can be lost or theft.
• Bitcoin [doesnot act like Banks],we alone can control nad manage it knowing that soon it’s value will increase. Also, there is no tax to less on our profit.
• Bitcoin [increases the speed of transaction]as it is online transaction system which other offline currencies are not.
Bitcoin is basically a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a single administrator.Bitcoin is better than other offline currencies in following ways:
• Bitcoin is better than regular currency as Bitcoin has the [capability] to be send and recieve money in an easy and secured way whereas other offline currencies consumes time and effort to transfer it from one place to another.
• Bitcoin’s [future is brighter than other offline currencies] as it’s marketvalue is getting higher day by day which increases the chance of profit. Bill Gates highlighted it’s importance by stating that “Bitcoin is Better Than Currency”.
• Bitcoin’s [security beats other offline currencies security].Bitcoin can be backed uo and saved to other servers, saved in wallets, or in offline vaults whereas, other currencies can be lost or theft.
• Bitcoin [doesnot act like Banks],we alone can control nad manage it knowing that soon it’s value will increase. Also, there is no tax to less on our profit.
• Bitcoin [increases the speed of transaction]as it is online transaction system which other offline currencies are not.
Point noted.
Thanks for your contribution.
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!Which one has more market value and why do you think so ?
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.
Point noted
Thanks for your comment and contribution.
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