Bitcoin versus other offline currencies - page 2.

Beegovere

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Quote from: k1ng0fBTC on October 10, 2018, 07:51:40 AM

Quote from: PaulLines on October 06, 2018, 06:55:30 AM

Quote from: prettypearl on November 14, 2017, 08:12:54 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 do you mean by offline currencies? If you’re referring to real or conventional currencies, then you’re wrong. Currencies like dollar operates both offline and online, cause we have online banking and we also have cash, so saying that conventional currencies are offline only is wrong. It is even better than BTC because BTC can only be used online and not offline.

Offline currencies have no future and bitcoin is the future currency. If you invest in other offline currencies you will have to sell them finally because in the near future you will understand that bitcoin is going to take over the market and all other currencies will disappear from the market. It is better to invest in bitcoin today instead of waiting for the future.

In my opinion there is no comparison between bitcoin and offline currencies. You can shop online for bitcoin but you will have to transfer other currency through money exchanger and also convert your local money into dollars or in what is needed. Bitcoin is not only a usable currency but also a very profitable business and mostly people invest only for earnings.

stellgod

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Quote from: jojowar on October 12, 2018, 02:15:23 AM

When it comes to security features, bitcoin is more secure compare to offline currencies or fiat. Btc has 2 long password that is very difficult to memorize compare to atm password.

Who told you that it is easy to crack ATM passwords? No one can ever know your ATM password, no matter how much of a guess work they try to do, it will always be difficult for them and will all be in vain.

Take for example I’m using 2841 as my ATM Pin, and someone steals it, do you think that such number will ever come to their mind? Well, I do know that people can steal from you using Debit/Credit Cards but that’s if they know the three digit number at the back.

@Mhaiang

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W12 – Blockchain protocol

Each currencies has its own purpose like the case of fiat currencies and cryptocurrencies and each of them has its own advantages and disadvantages too. Both these cryptos can be used together depending on which purpose it best serves.

$anounimus$

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maybe what will be widely used in the market is offline currency because I see digital currencies like bitcoin have a very limited total supply and have a very high influence in terms of demand so that prices will always move up and down which will make payments or transactions become uncomfortable because of very fast currency price movements so that the risk of this bitcoin digital currency will have a very high risk and surely many will choose to use offline currency.

Kiweikoo

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Quote from: prettypearl on November 14, 2017, 08:12:54 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 me, every one of them has its own purpose. Bitcoin doesn’t serve for everything, it can only be used online and that’s for sending and receiving money and for making payments on websites where it is accepted. Some people also use it just for investment, while some claim they use it as their main currency daily, I don’t know how that’s possible. I like both currencies, although my main purpose that brought me into cryptocurrency is to make more money, y’know, more dollars.

Maricel2017

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If you are looking for income you can able to get much higher profit in digital currency than offline currency which is fiat but digital currency is much risky to invest than offline currency there are always good and bad side of both currency. And still we need these both in our entire living in this world.

akram143

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Quote from: iMark on October 12, 2018, 11:26:48 PM

Quote from: PaulLines on October 06, 2018, 06:55:30 AM

Quote from: prettypearl on November 14, 2017, 08:12:54 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 do you mean by offline currencies? If you’re referring to real or conventional currencies, then you’re wrong. Currencies like dollar operates both offline and online, cause we have online banking and we also have cash, so saying that conventional currencies are offline only is wrong. It is even better than BTC because BTC can only be used online and not offline.

Yeah maybe what he meant was fiat currency, you're right that fiat can be used offline and online, of course it makes fiat better than
bitcoin, because bitcoin can only be used online and even still limited to spending it because there are just few merchants who accept it

There is no big difference between the bitcoin and other currencies and it will not affects anything because each one had different investment preference so choosing a coin is also different.

iMark

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Quote from: PaulLines on October 06, 2018, 06:55:30 AM

Quote from: prettypearl on November 14, 2017, 08:12:54 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 do you mean by offline currencies? If you’re referring to real or conventional currencies, then you’re wrong. Currencies like dollar operates both offline and online, cause we have online banking and we also have cash, so saying that conventional currencies are offline only is wrong. It is even better than BTC because BTC can only be used online and not offline.

Yeah maybe what he meant was fiat currency, you're right that fiat can be used offline and online, of course it makes fiat better than
bitcoin, because bitcoin can only be used online and even still limited to spending it because there are just few merchants who accept it

pieppiep

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maybe this digital currency and offline currency will still be usable and no one will be hostile, all will support and try to create a better and more comfortable world economy, digital currency will be used for people who already understand how to use the eyes digital money alone while for offline currency will also be used for people who want to use offline currency. but the highest risk is in bitcoin, because bitcoin has a very limited total supply so I am sure the price of bitcoin will never be stable and make prices always have a move up and down.

jojowar

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When it comes to security features, bitcoin is more secure compare to offline currencies or fiat. Btc has 2 long password that is very difficult to memorize compare to atm password.

NeeNts

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Quote from: kram31 on October 06, 2018, 12:15:14 PM

Quote from: prettypearl on November 14, 2017, 08:12:54 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 ?

OFFLINE currency like fiat?
how many FIAT you need to have for just a single bitcoin?
how FIAT going to be now? and who controls it?
how bitcoin digest the market and make the improvement? and who controls it.
what will you choose?
BITCOIN for the people or FIAT from the government?

Frankly speaking my choice is bitcoin because it has great potential and I can make big profits in the future. For me other currencies are just a waste of time. People are going towards digital currency and leaving offline currencies. For me there is no comparison between bitcoin and any other offline currency. I want to see and enjoy a cashless world in the near future.

k1ng0fBTC

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Quote from: PaulLines on October 06, 2018, 06:55:30 AM

Quote from: prettypearl on November 14, 2017, 08:12:54 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 do you mean by offline currencies? If you’re referring to real or conventional currencies, then you’re wrong. Currencies like dollar operates both offline and online, cause we have online banking and we also have cash, so saying that conventional currencies are offline only is wrong. It is even better than BTC because BTC can only be used online and not offline.

Offline currencies have no future and bitcoin is the future currency. If you invest in other offline currencies you will have to sell them finally because in the near future you will understand that bitcoin is going to take over the market and all other currencies will disappear from the market. It is better to invest in bitcoin today instead of waiting for the future.

kram31

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Quote from: prettypearl on November 14, 2017, 08:12:54 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 ?

OFFLINE currency like fiat?
how many FIAT you need to have for just a single bitcoin?
how FIAT going to be now? and who controls it?
how bitcoin digest the market and make the improvement? and who controls it.
what will you choose?
BITCOIN for the people or FIAT from the government?

PaulLines

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Quote from: prettypearl on November 14, 2017, 08:12:54 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 do you mean by offline currencies? If you’re referring to real or conventional currencies, then you’re wrong. Currencies like dollar operates both offline and online, cause we have online banking and we also have cash, so saying that conventional currencies are offline only is wrong. It is even better than BTC because BTC can only be used online and not offline.

cintamoni

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Quote from: yvesp110 on January 19, 2018, 04:32:16 PM

Quote from: davinchi on January 18, 2018, 07:17:37 AM

Quote from: portotoi on January 17, 2018, 07:48:21 AM

Quote from: prettypearl on November 14, 2017, 08:12:54 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 ?

It is very obvious that the bitcoin is more higher in value than other offline currencies. Bitcoin is now the leading crypto currency world. And if you compare bitcoin rate, other offline currencies cannot beat bitcoin.

I don’t really get what you guys mean by offline currencies, cause I don’t know any currencies that is completely offline, except you guys mean stocks like gold, silver and the others like them, and not real currencies. Dollar is not only being used offline as cash, you can also use them digitally or should I say with electronics (electronically) with the help of services like PayPal and those alike.

Banks even have their own mobile apps that can be used to send and receive money, and serves for payment purposes in stores.

All the regular currencies which are there in this world which don’t require an internet connection in order to perform any kind of operations can be termed as offline currencies. There are pros and cons of each and every currency, same is the case when it comes to that of bitcoin and other regular currencies. Regular currencies are the best choice for spending point of view and bitcoin is the best choice for investing of money.

I think time has come where we say good bye to offline currencies and start using and promoting digital currencies all over the world. We have to move with the current technologies.

nguli

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I think for now the offline currency or fiat currency uses it more as a legitimate and frequently used transaction but I am sure that someday this bitcoin will often be used for transactions because all technology has begun to use digital technology so I am sure bitcoin will be used.

Impulseboy

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Quote from: BillCoin on November 15, 2017, 03:47:57 AM

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.

I agree with everything you said, however, if we are to look at them, cash will still win for now only because it is used by a lot more people. Sure, there are people who are also using gold and bitcoins, but it is only a small fraction compared to those who use cash. So while bitcoin is superior than cash (and gold), people may support it more because it is tangible and has been around for centuries.

HarmonyA

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The decentralization features of bitcoin has put it ahead of other currencies. Humans want to be in control of there money which will enable them spend it when the need be, without hiccups.

Magnat10000

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It's a long story.

1)So, fiat currencies are backed by gold reserve.
2)Fiat currencies are centralized meaning every transaction needs to be approved by the Central Bank
3)and the amount of $ is under the Central Bank control, depending on if there is inflation or not.

Cryptocurrencies as bitcoin:
1)have nothing behind them as gold
2)decentralized (but there're some centralized currencies). Transactions are done by miners so to say.
3)no one can control the amount of btc or issue more than was prescribed by the system.

I did't cover all the differences, but you can make your own research via Cointelegraph or Coindesk; watch the price change over some period at coin360 or something.
Good luck!

Howits

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Quote from: yvesp110 on January 19, 2018, 04:32:16 PM

Quote from: davinchi on January 18, 2018, 07:17:37 AM

Quote from: portotoi on January 17, 2018, 07:48:21 AM

Quote from: prettypearl on November 14, 2017, 08:12:54 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 ?

It is very obvious that the bitcoin is more higher in value than other offline currencies. Bitcoin is now the leading crypto currency world. And if you compare bitcoin rate, other offline currencies cannot beat bitcoin.

I don’t really get what you guys mean by offline currencies, cause I don’t know any currencies that is completely offline, except you guys mean stocks like gold, silver and the others like them, and not real currencies. Dollar is not only being used offline as cash, you can also use them digitally or should I say with electronics (electronically) with the help of services like PayPal and those alike.

Banks even have their own mobile apps that can be used to send and receive money, and serves for payment purposes in stores.

All the regular currencies which are there in this world which don’t require an internet connection in order to perform any kind of operations can be termed as offline currencies. There are pros and cons of each and every currency, same is the case when it comes to that of bitcoin and other regular currencies. Regular currencies are the best choice for spending point of view and bitcoin is the best choice for investing of money.

The first disadvantage of offline currencies is that their transfer is not instant and also the fee involved in them is much more as compare to online currencies like bitcoins.

Topic: Bitcoin versus other offline currencies - page 2. (Read 12683 times)