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Topic: Bitcoin versus other offline currencies - page 5. (Read 12690 times)

member
Activity: 630
Merit: 10
January 10, 2018, 03:21:38 AM
If bitcoin has got the offline usage as our traditional currency now it might have reached at least half the entire population worldwide. As it is used only through internet mostly people who were into it are the technology aspirants who believe that growth in technology is the one which is gonna drive the future.
I do not think that Bitcoin is ready for use in the real world for real purchases. You Imagine how much you will be paid coffee in a cafe, if you pay for it in Bitcoin. The prices for the transaction are very huge and at the same time their duration is also high. I think that Bitcoin is not ready for this today.
hero member
Activity: 2926
Merit: 570
Leading Crypto Sports Betting & Casino Platform
January 09, 2018, 03:45:57 PM

Most altcoins are technically different from Bitcoin, and it is often for this reason that people invest in them. The main advantages of Bitcoin are the network benefit effect and proven security.
Altkoins also have their advantages and some of them lack the drawbacks of bitcoin (a large commission, a long time of execution
We aren't just talking about altcoins here, it's also about those offline currencies like our real money. The security of bitcoin or the tech behind it is blockchain technology and that is giving a lot of people a good sign that it can be used for storing value.

If bitcoin has got the offline usage as our traditional currency now it might have reached at least half the entire population worldwide. As it is used only through internet mostly people who were into it are the technology aspirants who believe that growth in technology is the one which is gonna drive the future.
I would never doubt that to happen if bitcoin does have that tech but let's see if in the future there will be integration that would lead to that thing.
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
January 09, 2018, 12:14:18 PM
If bitcoin has got the offline usage as our traditional currency now it might have reached at least half the entire population worldwide. As it is used only through internet mostly people who were into it are the technology aspirants who believe that growth in technology is the one which is gonna drive the future.
full member
Activity: 532
Merit: 103
January 09, 2018, 11:38:13 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.

Currently, bitcoin is still considered by the community and is most popular in the crypto world. Bitcoin has such outstanding features that traditional money does not have, so it has grown tremendously over the years. I really admire the satoshi who created the bitcoin coins that the world is using today.

Last two years Bitcoin's growth have set it's flag flying high on top in currency market. As everyone turned towards it surprisingly looking at its price, more became aware of crpto and its benefits. Now it's standing on top on the list amongst fiat's and cryptos on top embracing the high value in the currency market.

No banking system, it's handled online, less chance of theft,  price is so high,  no third party required, transactions are so fast,  peer to peer transaction and so on..
hero member
Activity: 2982
Merit: 678
★Bitvest.io★ Play Plinko or Invest!
January 09, 2018, 11:32:16 AM
in my view bitcoin can consider as valuable asset equal to offline currencies but bitcoin also good for long term investment because if the price rise up for every year then our investment value also will increase automatically but very different with offline currencies because if we save it for long term purposse then the percentages to increase our asset is more low than we save bitcoin

It is already considered as valuable asset and there are people who are comparing it to offline currencies although we shouldn't be. It's different to other currencies, bitcoin has a lot of use unlike those currencies (fiat) that we are using everyday. It's only a medium of exchange to goods and services.
member
Activity: 434
Merit: 10
January 09, 2018, 10:57:04 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.

Currently, bitcoin is still considered by the community and is most popular in the crypto world. Bitcoin has such outstanding features that traditional money does not have, so it has grown tremendously over the years. I really admire the satoshi who created the bitcoin coins that the world is using today.
member
Activity: 364
Merit: 10
The Exchange for EOS Community
January 08, 2018, 10:10:14 PM

Most altcoins are technically different from Bitcoin, and it is often for this reason that people invest in them. The main advantages of Bitcoin are the network benefit effect and proven security.
Altkoins also have their advantages and some of them lack the drawbacks of bitcoin (a large commission, a long time of execution
Nowadays, the new coin is bringing in new techniques with more advanced features. But bitcoin technical platforms are open platform and most of the new coin, although there are many improvements, are still built on bitcoin algorithms, because so bitcoin can not be replaced by bitcoin. other coin.
legendary
Activity: 2758
Merit: 1006
Leading Crypto Sports Betting & Casino Platform
January 08, 2018, 02:27:18 PM
in my view bitcoin can consider as valuable asset equal to offline currencies but bitcoin also good for long term investment because if the price rise up for every year then our investment value also will increase automatically but very different with offline currencies because if we save it for long term purposse then the percentages to increase our asset is more low than we save bitcoin
newbie
Activity: 37
Merit: 0
January 08, 2018, 10:23:59 AM

Most altcoins are technically different from Bitcoin, and it is often for this reason that people invest in them. The main advantages of Bitcoin are the network benefit effect and proven security.
Altkoins also have their advantages and some of them lack the drawbacks of bitcoin (a large commission, a long time of execution
full member
Activity: 280
Merit: 101
Blockchain with a Purpose
January 08, 2018, 08:17:57 AM
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 ?

In my own understanding, bitcoin differs a lot from other offline currencies. In what way? Well in some features like bitcoin is a digital money that can be used in a quick and easy online transactions unlike other offline currencies. And lastly, this bitcoin has a volatile factor that increases rapidly than the offline currency.
sr. member
Activity: 420
Merit: 282
January 08, 2018, 05:15:25 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.
I don't think so, altcoins also have a potential to grow like bitcoin. There are now a lot of altcoins are growing so fast just like bitcoin, maybe because some investors or small investors can't afford bitcoin now, so they are deciding to invest with other coins that also has a good amount and has a good potential.
In my opinion in the future bitcoin will raised up and surpass offline currencies, since many people now are attracted to bitcoin because all transactions using this coin is more easier compared to using offline currency.

However I still believe that offline currencies will not die maybe they become limited due to more people used digital currencies.
hero member
Activity: 1078
Merit: 501
January 07, 2018, 10:52:06 PM
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.
I don't think so, altcoins also have a potential to grow like bitcoin. There are now a lot of altcoins are growing so fast just like bitcoin, maybe because some investors or small investors can't afford bitcoin now, so they are deciding to invest with other coins that also has a good amount and has a good potential.
full member
Activity: 392
Merit: 100
January 07, 2018, 12:46:27 AM
Well as time goes on I think.. bitcoin now certainly looks increasingly used by many people and more popular to all the different corners of each country.
As a supply and demand levels are increasing and this was can be appear to be more popular among many people, this could be lead to the more people are more tending to bitcoin / this digital currency than regular currencies (offline currencies) for profit by investing, trading, mining, businesses, and other efforts that more easier to earn money with an internet connection without having to get out from the house and having sweat.
member
Activity: 192
Merit: 11
January 06, 2018, 10:59:41 PM
Bitcoin has plenty of room for improvement in the blockchain, gold and other currencies. The advantages and disadvantages of bitcoin come from the Internet, which makes it easier to trade, but on the other hand, intangible, digital cryptocurrency! Some other currency, gold means that you can see it with my own eyes, and his hands to keep it, that's why many people still don't like COINS, because they want to is a tangible asset!
member
Activity: 182
Merit: 22
January 06, 2018, 02:24:27 PM
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.
member
Activity: 308
Merit: 17
January 06, 2018, 02:23:42 PM
currently bitcoin has a very good investment value but it is possible for a comparison between bitcoin and fiat in general. because for now everyone still needs fiat for the means of transaction.
full member
Activity: 193
Merit: 100
January 06, 2018, 02:12:25 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.

How can you say that? Because the only thing that I'm seeing that is controlling the market now are the crypto whales, and I doubt that government are behind that because in the first place they don't recognize this technology and some don't still recognize this. I don't know how many files out there under the table of BTC but I think government have very little amount of when it comes to BTC.

Bitcoin is the main and first crypto currency to have its own stand and vision. Bitcoin is the father of all coins no matter what they say bitcoin now overpasses gold when it comes to growth of interest. As of now there is no greater project than bitcoin.

Well there are really great projects, the biggest project right now is the force that is driving the BTC the blockchain and I think the biggest are the newly ones because BTC is already here. And I heard that Litecoin surpassed BTC this saturday.

full member
Activity: 518
Merit: 111
Dota2
January 06, 2018, 02:43:07 AM
Bitcoin versus other offline currencies, I think bitcoin will definitely win this. Just right now, the bitcoin is still dominating compare to other currencies or even alternative coins/tokens. Also, bitcoin is in demand this past days around the world as the concept or ability to transferring fast, less effort and time consuming. Even if the bitcoin is liable to change rapidly and unpredictably, I see this as a advantage for good cause. I think the value goes down but can go back again to the top because many company/countries is depend now in bitcoin. What do you think?
member
Activity: 392
Merit: 11
The New Pharma-Centric Marketplace
January 05, 2018, 09:53:38 PM
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.

I agree all of your statement pinpoint  about bitcoin,that this is created not only for those riches  or oligarch people but for the  commodity of entire nation.bitcoin is belong  for entire humanity and not for the interest of selected people,who's  interest to make them more riches.if we compare the bitcoin to the other offline currencies there must be different in terms of benefits and profits,because in offline currencies your interest is fixed unlike in  bitcoin your profit is unfixable  because your profit is depend on the  value  of bitcoin in exchange market,or maybe if one time investment if your luckiest person  you must get riches in one trading investment in altcoins.
newbie
Activity: 37
Merit: 0
January 05, 2018, 10:23:12 AM
Bitcoin has its advantages and drawbacks, and the alcoins have their advantages and drawbacks. Bitcoin is a reference currency, but there are a number of other coins that lack the disadvantages of bitcoin
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