Bitcoin versus other offline currencies - page 6.

expless

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Quote from: Freshmen on January 03, 2018, 07:59:02 AM

Quote from: futile-resistance on December 26, 2017, 12:51:40 AM

Quote from: aldrin6697 on December 14, 2017, 07:32:43 AM

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.

It was very pretentious to say that no project that had happened would have passed btc. Many people thought that gold silver and iron would be a form of trading for the rest of their lives, but here comes the paper notes, cheaper, easier to make, and abundant material.

Today btc goes beyond that and offers several things that no currency has, but as an adept the theory that humans are evolutionary beings surely in the distant future we will find others to transfer values.

The most basic difference in between bitcoin and all other offline currencies is that none of the offline currency is having this much increase in the market value and that too in this much short span of time the way bitcoin is doing. In addition to this, all the offline currencies do not need to have an internet connection for performing any kind of transaction while bitcoin does. Moreover, bitcoin is also the best way of making more money.

It is not only the increase in the market value of bitcoin which is making this bitcoin more valuable and different from the rest of the regular currencies. Other than this, the thing which is helping bitcoin to make this much fame is that you can use this bitcoin not only as a currency but you can also treat it as a way of investing of money as well. In fact, people are primarily using it for that purpose and are making a huge amount of money.

Zardonik

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Compared to other offline currencies, who has more market value and why do you think so?

taktik

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Quote from: guoyu78 on January 04, 2018, 06:30:04 AM

Quote from: skillink on December 23, 2017, 07:43:15 AM

Bitcoin is very different from the real currency, the real currency is supported by the government and the world bank so its value very rarely decline unless there are conflicts or other problems within a country. Bitcoin prices are influenced by demand and demand so much that Bitcoin has a high price compared to the previous year.

Yeah you are right. There is a lot of difference between offline currency and bitcoin. Bitcoin has no physical existence and believing is not so easy and real currency is easily acceptable to everyone. Bitcoin is not only usable currency; it is also a very profitable coin business.

You can make as much money as you invest in bitcoin, while real currency is only currency and you can use it for your daily needs.

The fact that I banya connected in general crypto and real money, because they in my opinion perform very different functions and intended for their use. If we take into account Bitcoin, then despite its popularity among the society, Bitcoin still remains a crypto currency and currency for a certain society of people, and I would not stand up for the general use of Bitcoin, because Bitcoin is not a means of payment, but a means for investment and to store their finances.

guoyu78

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Quote from: skillink on December 23, 2017, 07:43:15 AM

Bitcoin is very different from the real currency, the real currency is supported by the government and the world bank so its value very rarely decline unless there are conflicts or other problems within a country. Bitcoin prices are influenced by demand and demand so much that Bitcoin has a high price compared to the previous year.

Yeah you are right. There is a lot of difference between offline currency and bitcoin. Bitcoin has no physical existence and believing is not so easy and real currency is easily acceptable to everyone. Bitcoin is not only usable currency; it is also a very profitable coin business.

You can make as much money as you invest in bitcoin, while real currency is only currency and you can use it for your daily needs.

dysbulias01

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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,welcome to bitcoin ..

For me , bitcoin is best trading to invest on market value.

Because, for many reason

First you can arrange money as you wish to spend. It's easy to use.

Second, you control your profit to keep , to sell or to leave.. you can watch your transaction every second as your free time.

Third, you dont need to sign contract or wait time to convert your digital coin to cash..

Fourth , you can get information about bitcoin in anytime& anywhere. You can free join with bitcoin forums, you can manage your transaction by yourself....

I think it's really good methode in value markets

avi007

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Using Bitcoin doesn’t require revealing any identifying information and yet all transactions are public and available in blockchain for anyone to investigate. Cash can also be partially anonymous if you resort to cash only transaction which can work if you do business locally or use often illegal transaction systems

Bitcoin can be mined by anyone with the help of specialized hardware but we can't mint money or cash unless we are the Government.

Yanisumin

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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 ?

In explaining BTC, I guess it is better to read the whitepaper of Satoshi (because even I can't explain the technical details of it)
Fiat have existed for more than a hundred years yet we all know that the supply and the making of fiat is controlled by the central banks (if they want to make a modification and a change of features in fiat you can) and BTC on the other hand is not controllable and you cant mint another BTC nor change its supply because it has been written in the day it was born, just like gold (digital version).
Unlike fiats who are controlled by some really rich dudes the only thing that can control the BTC is the whales right now (not really control but create a wave of prices), but this will be stagnant in the next few years.
That's only the major comparison of BTC VS Fiat thing.
Centralized = fiat
Decentralized = BTC
Basic yet very important in terms of privacy, safety, and freedom.

Freshmen

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Quote from: futile-resistance on December 26, 2017, 12:51:40 AM

Quote from: aldrin6697 on December 14, 2017, 07:32:43 AM

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.

It was very pretentious to say that no project that had happened would have passed btc. Many people thought that gold silver and iron would be a form of trading for the rest of their lives, but here comes the paper notes, cheaper, easier to make, and abundant material.

Today btc goes beyond that and offers several things that no currency has, but as an adept the theory that humans are evolutionary beings surely in the distant future we will find others to transfer values.

The most basic difference in between bitcoin and all other offline currencies is that none of the offline currency is having this much increase in the market value and that too in this much short span of time the way bitcoin is doing. In addition to this, all the offline currencies do not need to have an internet connection for performing any kind of transaction while bitcoin does. Moreover, bitcoin is also the best way of making more money.

gesdan

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in this situation i think bitcoin is not more flexible than offline currencies, and i think offline currencies is more flexible than bitcoin, because you can use the offline currencies everytime and every merchant that you see and i think you only use the bitcoin or the cryptocurrencies in online activity

voztata

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Quote from: ausbit on December 30, 2017, 02:46:18 AM

Quote from: Mahanton on December 20, 2017, 10:34:53 AM

Quote from: canaveralnonie on December 19, 2017, 10:43:49 PM

Quote from: Webetcoins on December 19, 2017, 12:22:31 PM

Quote from: fullhdpixel on December 17, 2017, 11:53:50 PM

Quote from: Smarty14392 on December 14, 2017, 06:29:26 AM

Quote from: randyboy on December 12, 2017, 08:19:52 PM

I think bitcoin will be a fast transaction in the market because bitcoin has a different from others bitcoin is have online transaction easy and no hassle unlike other offline currencies in the market that transact many days or months that many people dont like therefor people like now the bitcoin as they money transaction its easy way.

While making a comparison in between bitcoin and other regular currencies, we can treat this bitcoin just like a super currency having lot of advantages over the regular currency.

The best thing of having bitcoin is that it is not only a money but is also the best way of investing your money to make some good amount of profit as well. Other than this, it sort is increasing tremendously unlike other currencies.

In my opinion comparison of bitcoin with other offline currencies is not at all possible, because the facilities provided by the online system of crypto currencies at this early stage are much more than what offline currencies are offering.

The best thing about bitcoin among all is its 24/7 availability and and its transfer system. Just because of these two features, the banking system has seen really low transactions among the countries because people have adapted to bitcoin.

You are right they are different and there is no comparison of bitcoin with other currencies now bitcoin is rapidly increasing in price and value. So I am sure someday bitcoin will beat all other currency if they are comparing bitcoin with them. I trust bitcoin and I know in future bitcoin will be the world currency. I am waiting for the decision of other crypto industry that what they will decide about bitcoin value and price.

I go for offline currency which is more popular and the stability of its value in a sense of what you see is what you get. Yes the bitcoin is too high value right now and popular in many country, but think about online currency. What if someone hack all bitcoin in just a little click ( too many God like hacker on our time ) , do you think it's more convenient when someone stole all you effort in bitcoin community. Just adding some sort of thinking.

i do understand your doubts on bitcoin of hacking incident but i would say it would really need to take how many years for it to happen which quantum computers would really able to affect bitcoin. Comparing it on offline currencies then i would say fiat would really be still no. 1 no matter what and bitcoin is just really an alternative digital currency not only benefiting on its actual usage but also on the opportunity on making money.

There is a huge difference in bitcoin and other cryptocurrency because most of the people are investing only in bitcoin and the reason is high margin of profit. There is no comparison between bitcoin and any other currency. Now many people are investing in ETH, LTC, Ripple but bitcoin has its own value in the market. No doubt bitcoins the king of cryptocurrency world and will remain the king forever.

Yes, Bitcoin is considered as the mother of all cryptocurrency’s and it has become the center of all other alts as the prices of alts change as the price of bitcoin changes so they are related to bitcoin and the value too. Bitcoin has a very high value which no other crypto currency can gain easily it has already reached a new level of value and every investor in bitcoin is earning a good amount of profit.

SerMeric

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You shouldn't consider today's figures to compare the currencies. Because it's an investment, History and Forecast is the measure. Offline currency values depend on the politics -like stock share values depending on the company's share of the market- If you're around 25-30 y.o. and reading a little bit history, you don't need to be a genius or something to understand that world politics are messed up and 'something' is about to f-*k up the world economy.

Cryptocurrency and decentralised economies are the key to survive.

Babyjamz3026

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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 compare to offline currencies was much better than to them because the volatility was very aggressive then Gold and Currencies are. That's why bitcoin surpass the value of Gold due to of this things.

Sengoko

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Quote from: ?? on ??

Bitcoin is decentralized cryptocurrency with greater value compared to offline currency but it is digital and intangible asset and not all know about it. Unlike the offline currency which is toucheable and we can see with our eyes and even a child know it.

Yeah this is the difference in virtual and real currency. Bitcoin is digital and no one can see it but when you invest in bitcoin you will see the profit of your investment.

There is a lot of difference other than real and digital or tangible and intangible and that is the market cap and worldwide use if bitcoin and the high profit ratio. Offline can be used in only local markets while bitcoin is usable all over the world without any need of exchange.

TheGreatPython

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Quote from: canaveralnonie on December 21, 2017, 08:03:37 PM

Quote from: Superzpay on December 21, 2017, 02:50:30 PM

Quote from: ocid on December 21, 2017, 04:20:04 AM

Quote from: Mahanton on December 20, 2017, 10:34:53 AM

Quote from: canaveralnonie on December 19, 2017, 10:43:49 PM

Quote from: Webetcoins on December 19, 2017, 12:22:31 PM

Quote from: fullhdpixel on December 17, 2017, 11:53:50 PM

Quote from: Smarty14392 on December 14, 2017, 06:29:26 AM

Quote from: randyboy on December 12, 2017, 08:19:52 PM

I think bitcoin will be a fast transaction in the market because bitcoin has a different from others bitcoin is have online transaction easy and no hassle unlike other offline currencies in the market that transact many days or months that many people dont like therefor people like now the bitcoin as they money transaction its easy way.

While making a comparison in between bitcoin and other regular currencies, we can treat this bitcoin just like a super currency having lot of advantages over the regular currency.

The best thing of having bitcoin is that it is not only a money but is also the best way of investing your money to make some good amount of profit as well. Other than this, it sort is increasing tremendously unlike other currencies.

In my opinion comparison of bitcoin with other offline currencies is not at all possible, because the facilities provided by the online system of crypto currencies at this early stage are much more than what offline currencies are offering.

The best thing about bitcoin among all is its 24/7 availability and and its transfer system. Just because of these two features, the banking system has seen really low transactions among the countries because people have adapted to bitcoin.

You are right they are different and there is no comparison of bitcoin with other currencies now bitcoin is rapidly increasing in price and value. So I am sure someday bitcoin will beat all other currency if they are comparing bitcoin with them. I trust bitcoin and I know in future bitcoin will be the world currency. I am waiting for the decision of other crypto industry that what they will decide about bitcoin value and price.

I go for offline currency which is more popular and the stability of its value in a sense of what you see is what you get. Yes the bitcoin is too high value right now and popular in many country, but think about online currency. What if someone hack all bitcoin in just a little click ( too many God like hacker on our time ) , do you think it's more convenient when someone stole all you effort in bitcoin community. Just adding some sort of thinking.

i do understand your doubts on bitcoin of hacking incident but i would say it would really need to take how many years for it to happen which quantum computers would really able to affect bitcoin. Comparing it on offline currencies then i would say fiat would really be still no. 1 no matter what and bitcoin is just really an alternative digital currency not only benefiting on its actual usage but also on the opportunity on making money.

of course there are always doubts that will be felt by many people if bitcoin can be used as world currency. In modern times like now always appear criminal that can harm many people, let alone bitcoin can only be used online of course many hackers who try to use it by stealing valuable assets that do not use a bitcoin purse that is completely safe.

There is no doubt that anything on internet can be hacked, it is just matter of time when hackers will be able to knock the doors of bitcoin holders. The best thing about this currency is that this is decentralized and has no central command, so it makes the people viable to secure the bitcoin from hacker, which means that all the people who have bitcoin, will keep the security of the bitcoin up to date and if there will be any loop hole for the attackers, it will be secure before exploitation.

That's why I keep observing in different online wallet and always looking their security measure. From reference number,email back up, private key, offline database or what ever and many more. But some wallet says that , they are NOT bank and advise to "don't keep" too much money( bitcoin ) for some reason ( maybe when in case of losing money ).

In my opinion bitcoin is far better than any other offline currency because it is not only a usable currency; it is also a very profitable coin business. If I have one bitcoin today and the price rise up to 30000 dollars in the next year I will make about 15000 dollars without any struggle.

Other thing is that crypto is usable all over the world and there is no need to exchange your local currency into the required one for your purchasing in some different country.

Aworiss

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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 better for big investment you can save 1 M dollar in your pocket and very safety.

market cap for bitcoin less than cash or gold but it is rising more than it.

1BTC EQUALS 1CAR

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Bitcoin is a global currency stronger than US dollars. It's going to make our economies more progressive and fiats are subject to inflations which makes it worst for average people.

Tungsten-1

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Quote from: Carmen01 on December 30, 2017, 04:03:08 PM

They have different value so i think it's good to know that because for me we need btc and fiat like in btc we can save our money here with your own bank that you only know and in fiat you can save that only in bank so you need to trust other person in your money so i say that's the good in saving money because we're more secure in saving our own money at all.

The most basic difference which I have observed in between bitcoin and all other offline currencies is that bitcoin can also be used as a very good way of investing as the market value of bitcoin increases with every passing moment. On the other hand, the market value of other currencies hardly increase. Moreover, you do need to have an internet connectivity in order to get thing done related to that of bitcoin.

Carmen01

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Streamity Decentralized cryptocurrency exchange

They have different value so i think it's good to know that because for me we need btc and fiat like in btc we can save our money here with your own bank that you only know and in fiat you can save that only in bank so you need to trust other person in your money so i say that's the good in saving money because we're more secure in saving our own money at all.

allohha

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Quote from: cutikanzilong on December 30, 2017, 07:09:52 AM

bitcoin you can use it online as alternative real money you can buy anytime there.. in bitcoins you should have too because many other will exchange it fast and instanly in our place.

and you look at how things stand today, because Bitcoin transactions are no longer hours, but days. The same time if you exchange real currency, or make payments, then they are implemented almost instantly.

cutikanzilong

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bitcoin you can use it online as alternative real money you can buy anytime there.. in bitcoins you should have too because many other will exchange it fast and instanly in our place.

Topic: Bitcoin versus other offline currencies - page 6. (Read 12761 times)