Bitcoin versus other offline currencies - page 13.

prettypearl

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Quote from: TheCoinFinder on November 18, 2017, 01:41:15 AM

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.

Point noted.
Thanks for your contribution.

richardsNY

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Quote from: prettypearl on November 28, 2017, 03:32:15 PM

Let's look forward to improvement in that section, okay?

Improvement is already here (SegWit), but it lacks actual usage. Another important implementation (Lightning Network) is something that's being worked on, where if implemented, Bitcoin can't further improve in terms of its currency aspect. We just have to accept that the volatility, which is another 'obstacle' in that regard, will likely always be part of this market. But then again, people will always have something to complain about. If the market is volatile, people complain and want more stability. If the market experiences a stable period, people complain about the market being boring, and want the volatility back. It's basically similar to how people react on the weather....

prettypearl

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Quote from: beerlover on November 18, 2017, 01:07:57 AM

Quote from: lvincent on November 15, 2017, 06:01:50 AM

For me to compare bitcoin in fiat, gold and other source of currency, bitcoin still has a lot of space for improvement bitcoin hasbit's disadvantage and advantage of course bitcoin only rely in the internet but it make transaction much more easier but fiat on the other hand is tangible it means you can see it with your own eyes and hold it with your own hands and that's what i think why a lot of people still not interested in bitcoin because what they want is the tangible one.

I would not say the reason why fiat is more tangible is because you can see it with your own eyes. It has always been the traditional means of payment for a very long time and just very few people know about bitcoin which is why I agree with you that bitcoin still has a lot of room to grow and develop.

Bitcoin is very useful and also not easy to just come by most especially these days and it is normal because assets too are always like that and the early adopters are always the ones to reap most of the benefits. So, I would rather say, time will tell, because right now, everything is evolving.

Like you said ; time will tell.
Thanks for your comment.

prettypearl

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Quote from: lvincent on November 15, 2017, 06:01:50 AM

For me to compare bitcoin in fiat, gold and other source of currency, bitcoin still has a lot of space for improvement bitcoin hasbit's disadvantage and advantage of course bitcoin only rely in the internet but it make transaction much more easier but fiat on the other hand is tangible it means you can see it with your own eyes and hold it with your own hands and that's what i think why a lot of people still not interested in bitcoin because what they want is the tangible one.

Thanks for your comment
Invariably, your preference does not lie with bitcoin because of the condition attached to it for smooth operation, right?
Let's look forward to improvement in that section, okay?

Oilacris

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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 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.

prettypearl

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Quote from: BlackPanda on November 15, 2017, 05:51:05 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 ?

Basically we can explain that with Bitcoin we can buy whatever we want. it has become the basis that Bitcoin is a precious and valuable items such as other real money. Compared to real money, of course Bitcoin is still far from expectations, we all know that Bitcoin can not enter the sector that does not have internet access, therefore currently most Bitcoin users are those living in urban areas. I really crave that one day Bitcoin can be used by everyone, we are all currently waiting for infrastructure to support the use of Bitcoin can be realized and evenly distributed in various regions. If this can be realized then I am sure that Bitcoin could be one of the biggest economic forces in the world today. there must be support from various parties to be able to realize this all.

With your reply, we should expect a big bang with the use of bitcoin in the economic market with the support from various sources right?
Let's keep our fingers crossed then.
Thanks

/GeertJohan

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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 ?

Hi newbie,

I thought, you mean other currencies means fiat currency..

To compare those things are like BTC and fiat had a lot of difference.. And my opinion is bitcoin is better than fiat currency.. Because the reason is bitcoin has more benefits like it is untraceable and more secure than other. The BTC value will going up in future..

Fiat currency is really tough to save.. And the price is always idle.

ssuchy

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Quote from: yojodojo21 on November 24, 2017, 09:38:11 PM

Cryptocurrency (Bitcoin) has more market value Why? it's because Bitcoin's price is Higher Than Offline Currencies Price. Bitcoin is Not against to other offline currency it is the new Identity of Money Online (Bitcoin and any other coins), Bitcoin and offline Currency (FIAT) is Really Different BTC Online FIAT offline. Crypto always transact in ONLINE, but offline Currency (FIAT) transacts either offline or ONLINE hope this Helps a Little bit.

nevertheless, none of the people are tired of switching to crypto currency, because almost the minimum population of the planet is familiar with this technology and the money they represent. I think it will take a very long time to popularize Bitcoin in the community, and still I think that Bitcoin is a currency for a certain Circle of people, and not for all of humanity. That is why electronic fiat will take the leading positions in the financial world.

Shamie1002

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Quote from: Jedie22 on November 15, 2017, 05:18:09 AM

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.

Just to add on of some my idea about bitcoin versus offline currencies.

Offline currencies are those fiats money we have on distinctive country. Also, other jewelries which will be convertible to cash. It's durability will be affected like our paper money in long run of time. During cash transaction there will be a transaction fees or other fees like tax that will be add on which is required by the government.

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 .

It has been said about offline currecies having taxed by the government. Distinctive cash and in the long run may be phased out and that could lead to no value at all.
Profits depend on how you actually invest your fiat to earn. Banks are needed to have transactions and storage and low profits.
While on cryptocurrencies which are the online currencies which are known to be decentralized. Easier transactions, not yet taxed, low fees but on the process of having high fees for faster transactions. And in the long run, stored in wallets with private keys. Very handy and convenient to use especially when it is implemented to every market because it is used worldwide. When it comes to investment, very easy to use and profitable in many ways.
Troubles are no web, technicalities or even the wallets used.

okour999

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it is obvious that there is no bitcoin at all because the price is high and it is legit also that coin and bitcoin are also the most users here,

desi92

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

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.

For me nothing is better. Both have good and bad thing if we compare it.
If gold hard to store and bitcoin i know its very easy to store just in wallet that you bring anywhere.
But gold have more good in value, its always slowly increase. But bitcoin sometime fall in value.

yojodojo21

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Cryptocurrency (Bitcoin) has more market value Why? it's because Bitcoin's price is Higher Than Offline Currencies Price. Bitcoin is Not against to other offline currency it is the new Identity of Money Online (Bitcoin and any other coins), Bitcoin and offline Currency (FIAT) is Really Different BTC Online FIAT offline. Crypto always transact in ONLINE, but offline Currency (FIAT) transacts either offline or ONLINE hope this Helps a Little bit.

prettypearl

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Quote from: Jedie22 on November 15, 2017, 05:18:09 AM

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.

Just to add on of some my idea about bitcoin versus offline currencies.

Offline currencies are those fiats money we have on distinctive country. Also, other jewelries which will be convertible to cash. It's durability will be affected like our paper money in long run of time. During cash transaction there will be a transaction fees or other fees like tax that will be add on which is required by the government.

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 .

Thanks. So in summary, bitcoin is much more better. Am I right?

prettypearl

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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.

Points noted
Thanks for the explanation

sparveenat

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What I understand about your question Bitcoin versus other currencies. Bitcoin has a huge potential which has been introduce the cryptocurrency which is the present and future currency for technology requirement of the world. The offline currency is getting ruined by youngsters.so I see bitcoin is the savior for us.

ReLieD

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How can you even compare Bitcoin with those !! Dude don't you think thats just disrespecting Bitcoin. Well let me tell you why Bitcoin is better . Firstly people want to or like to invest in something whose prices increase alot and in the case of Bitcoin it does. It's much easier to covert Bitcoin rather than those crap currencies

kuroman

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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 ?

To add to what was said previously, The big difference between bitcoin and anything else is the blockchain obviously, having a public ledger in where every transaction is logged and can be verified is huge.

The other thing is that since Bitcoin is related to exchange rate you can say it is more of stock rather than money which has a more or less fixed value, something that bitcoin may reach in a couple of years.

condoras

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Quote from: alani123 on November 24, 2017, 01:21:53 PM

Market value is a relative thing, but comparing Bitcoin to FIAT money isn't all that easy. First things first, most people don't grasp the concept of decentralization because they don't understand that FIAT money is based on trust to govt. Cyprus is a good example of how govt van change legislation overnight to nullify civilian assets. Bitcojn's is immutable and wouldn't allow any party to interfere with an individual's assets.

I disagree only that FIAT money is based on goverments, because it's not. It's based on DEBT.
In order to create FIAT from "scratch", you need to create debt from/for someone. THAT is what people don't understand.

alani123

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Market value is a relative thing, but comparing Bitcoin to FIAT money isn't all that easy. First things first, most people don't grasp the concept of decentralization because they don't understand that FIAT money is based on trust to govt. Cyprus is a good example of how govt van change legislation overnight to nullify civilian assets. Bitcojn's is immutable and wouldn't allow any party to interfere with an individual's assets.

rickadone

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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

Bitcoin really do have a lot of potential which is why we cannot even be comparing it to centralized fiats. Fiats or offline currencies like the OP stated it will always remain controlled and that is what makes digital currencies different as you are in full control as long as you are not holding XRP, USDT or the likes, if you know what I mean.

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

Not all offline currencies are also widely used as some are normally used to do some underground runs like gold. However, bitcoin can still be used as long as the peers involved are both willing to accept it as a form of transaction which for now, is not something we have really seen much of it as it is not widely used yet, but time will definitely tell us at the end. For now, fiats or basically paper currencies are still very much needed.

Topic: Bitcoin versus other offline currencies - page 13. (Read 12768 times)