Digital money or virtual currency? - page 3.

SistaFista

sr. member

Activity: 1638

Merit: 251

Hexhash.xyz

Quote from: ICOBounty205 on March 29, 2018, 06:08:01 AM

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

Tell them that cryptocurrency is not only a virtual currency, but it is a digital currency which very valuable.
For example bitcoin, if you look the bitcoin value, it is too expensive to become only a virtual currency.
If some currency have value in the market, then it is a real currency that very usable in my opinion.

Macinto$h

member

Activity: 546

Merit: 12

The choice depends on what you need. If you are interested in investments and earnings - then you choose crypto-currencies. If you need money for daily business, then you need a regular currency.

ghost424

full member

Activity: 630

Merit: 103

It is already stated on the name or brand of the thing we are using right now. It is called cryptoCURRENCY, so basically it is a currency of the Internet. We cannot access Crypto's without Internet. The choices in the question are somewhat the same so whatever the choice is, it is basically synonymous. Cryptocurrency is useful nowadays and it is steadily developing. We just need to support it properly and use it in a not abusive way because it is the best way to at least promote it and make it usable for all.

Mustadiobunansa

newbie

Activity: 33

Merit: 0

My country is still familiar with the old technology. For the development of the country, it is important to focus on this market with blockchain technology. But few can afford to understand the technology of this market, they just come to the market just for high profits.

goodluck0319

sr. member

Activity: 420

Merit: 250

if the crypto currency can boast of decentralization and influence with many corporations, then it will be possible to use it universally

thenameisjay

full member

Activity: 462

Merit: 100

Quote from: ICOBounty205 on March 29, 2018, 06:08:01 AM

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

My country, the Philippines, is trying really hard to metigate and immediately regulate the inflow of cryptocurrencies in the country including bitcoins in exchanges. I for one think that it's a good sign that the Philippines is finally opening its doors to this kind of technology although I'm afraid that the government might screw things over and manipulate the whole system for themselves. You know how the Filipino Government works.

cherryfer

newbie

Activity: 196

Merit: 0

Quote from: ICOBounty205 on March 29, 2018, 06:08:01 AM

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

Digital money is part of doing in virtual currency all activities in Bitcoin including investment and payment transaction are actually served by bitcoin. My advice to new user just continue support Bitcoin to become number one choice of the people.

bitterdog

hero member

Activity: 728

Merit: 503

dApps Development Automation Platform

Quote from: ICOBounty205 on March 29, 2018, 06:08:01 AM

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

Honestly in my opinion, we can not force a people from some country to directly learn or instantly learn about the new technology such as bitcoin or even a virtual currency. Because it will be very depending on their own desire to learn it and to adapt it.

muhammedb

full member

Activity: 378

Merit: 108

Quote from: ICOBounty205 on March 29, 2018, 06:08:01 AM

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

many people are not open handed or minded so that is why they did not fully understand the crypto.
guess in the future if we were looking forward they will understand it to gain knowledge from it they need to going through some article about bitcoin it will help in their day to day running of lives.

Camilla Gill

newbie

Activity: 22

Merit: 0

A Cryptocurrency like Bitcoin or Ethereum is also a digital and virtual currency.
A digital currency does not have to be based on encryption. It should be paperless and enable digital transactions. It should be widely accepted as a form of payment.
A virtual currency is a subset of digital currency that can be used within a defined space. Lots of online games has the concept of virtual currency that can be earned and spent based on your participation in their online universe.

cizatext

member

Activity: 952

Merit: 41

Give your country some time to come to term with this 21st century financial breakthrough which is bitcoin/blockchain technology in a whole, in my country the government just set of a committee to investigate illegal money and I think bitcoin is going to be the central of they investigation but that is a total waste of time. If only they can embrace bitcoin and make transactions easy for them and the entire country.

nauredok

newbie

Activity: 48

Merit: 0

Yeah this is really true that cryptocurrency could minimize transaction fee on the payment form for the establishment.It is not a credible currency due to the right and control of any government or institution on this. Most of it is used in unseasonable tasks. Therefore, it is banned in almost 70 countries of the world, India is also one of them.

letzdodiz

newbie

Activity: 182

Merit: 0

Presently, perhaps your nation does not think about Bitcoin, but rather simply take a gander at it for another 2 to 5 years, they will think about Bitcoin. the critical thing is, there is no denial on playing Bitcoin in your nation, so that doesn't make a difference. proceed to work and gather cash however much as could reasonably be expected. later on when everybody new to Bitcoin, you've turned into a rich man. Also, they recently understood that Bitcoin truly exists and is extremely helpful.

jaaeeeyyyy

full member

Activity: 434

Merit: 101

There is no way you need to choose over Digital money or fiat currency since fiat is still highly recommendable as a daily currency. We don't need to choose from it if both currency do have a field advantage, from the word digital of course you are going to use digital money if you need to transact on internet while its very obvious on the counterpart, the fiat money.

Azura.Nguyen

newbie

Activity: 84

Merit: 0

Its either they see it as a threat or they don't know what cryptocurrency is. In my country we have a local online wallet that most of the people in my country are using, it's good because you can pay your bills, topup load or buy on online shop using that local wallet app that we're using.

estupido

newbie

Activity: 90

Merit: 0

I often hear that bitcoin is gambling or fraud, but gradually begins to understand and understand what is in it. And now many friends are successful because of it.

Heidi Farrell

newbie

Activity: 23

Merit: 0

They are used interchangeably however I would argue that only a “cryptocurrency” is one that is based on cryptography and likely refers to a decentralized distributed ledger based blockchain implementation. Technically most MMORPG’s have a digital or virtual currency. In fact pre-paid gift cards and even credit cards are essentially digital and virtual until redeemed or settled.

Kekenapep

jr. member

Activity: 84

Merit: 3

Poor and wee understanding of the blockchain technology has been a sort of constraint to most people,the more reason why I think crptocurrency education should be inculcated in our local towns and schools.people see the system as utter scam and shy away from it, not knowing the system is one for the future and is definitely gonna be as important as fiat someday

befriendmywater

member

Activity: 658

Merit: 10

Quote from: ICOBounty205 on March 29, 2018, 06:08:01 AM

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

My country is like your country. People do not understand much about Blockchain technology. Many people call it virtual currency because the journalists have said a lot of bad things about Crypto. They will not be able to invest in it to make a profit.

Usafstar

full member

Activity: 378

Merit: 100

Quote from: ICOBounty205 on March 29, 2018, 06:08:01 AM

Hello friends.
I have a problem to share.
My country is average. They are too familiar with outdated and old technologies.
In my country many people still understand Bitcoin as virtual currency. BTC does not bring anything to life. They just think Bitcoin investment is gambling, chance, black red.
Why?
Why do not they look at Bitcoin, ETH or blockchain technology for the present.
Blockchain minimizes transportation costs, intermediates and risks.
Personally, I always try to absorb and learn nonstop.
And you? How is your country?

In most of the countries this problem exist and if we look at bitcoin availability and importance then you will just see that online market is flourishing day by day and in our country crypto is mot so clear to every one but some of the citizen are using it those who love the virtual currency they can adopt bitcoin very fast and in these days bitcoin market is down which is the main reason behind people coming and buying bitcoin but in my opinion soon bitcoin will be used to every one.

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