Topic: Value of bitcoin (Read 630 times)

Bitcoin can be good at online shops. But if you want real one, and need to buy in those stores that not accept bitcoin, it is better to have the money with the high btc value.

Nowadays. Using bitcoin is much better than using money. Thats why. Investing bitcoin si much better than money. But the problem of saving bitcoins. Bitcoin wallets are really vulnerable from hackers and other scammers. And also bitcoin's price is unstable. Its price may go down, but in time its price will rise soon or later. Unlike money. Its price is fixed .

Of course, I do need to go to nearest bank or ATM, I only need to take my smartphone then transactions is done only by a few clicks. Even when the weather is rain, storm, or snowy, I still can send money as long as I have internet connection.

yes, it's better to save our bitcoin for future investments or for large transactions. for small transactions, for example to buy necessities in stores or markets, better use paper money only.

No, both are equally good. You can transact using bitcoin on the internet easily and you can transact using fiat money offline with ease too, both have advantages and disadvantages of each. After all, the bitcoin is an asset and not a currency.

I really think that using bitcoin is better than using actual money because the process of paying things will be much easier than before and with the use of bitcoin then we can just live digitally without worrying for anything. Bitcoin is a really great step-up for the payment system in our world and i think that the businesses will be on a simpler and easier days if they will just accept bitcoin.

Bitcoin for now not as favourable as replacement for the actual money since this is not widely used for normal  transaction. Only few knew that there is btc but only in a smallest percentage uses bitcoin.

Let the battle for Human Liberation Begin ... I'd like to FEED the poor , but I will NOT fund WAR!

Exactly, and no one seems to understand that there will be an increase in the block size which will allow transactions to process faster on the network over time which will eliminate both VISA and Mastercard. Your treasured FIAT currency is slowly being fazed-out by the banks because they cannot control paper money; they'd rather control you through the use of centrally planned digital transactions. Transactions they can intercept and bank accounts they can close with a simple tap of a button when they see you spending money on something they don't like.

FrueGreads:
Is that the type of future you recommend for everyone here?

You've failed to understand that this new form of money is being build over the old legacy infrastructure which is a highly flawed and massively corrupt system of global finance. The Fiat currency system of today is the old system and it’s no different than automobiles of the early 20th century that were forced to drive on muddy roads that were built for horse-drawn carriages. Eventually, new and more stable roads were created for the automobile and all modes of transportation that existed before simply adjusted to the change.

To hell with your TAXES and to Hell with what they told you, I'm sorry but it's THEFT plain and simple; it's a protection racket that functions worse than the mafia it’s self. At least with the Mafia people had the choice to accept their services with a contract. With the Government you don’t; they’ll extort you, threaten you or imprison you for not paying a group of absolute strangers money they had absolutely nothing to do with. What tax supporters hold so dear is an inhumanly violent and non-voluntary system of control where you're forced under threat of violence to support every extreme form of immorality imaginable under duress. You're supporting a system where you cannot say NO, a system where you cannot even voice your opinion in public without being shouted down or arrested, a system where you can't cancel or un-subscribe from arbitrary laws decreed by sociopaths to satisfy their illusions of power, greed, and control. Laws built to benefit and protect the very few people who wrote them, not the people governed by them.

Human life is more valuable, so are you trying to tell me that human life isn't as valuable?

So you're going along to get along, and for what? For worthless pieces of paper that aren’t even worth the ink their printed on and are supposed to represent more value than your life, pieces of paper that took only minutes to create when in contrast it took decades to create me or you? It took decades to create those who printed it, and even those who created the machines themselves. It took decades of hard work, time, and valuable resources to create the homeless person who is now sleeping on the street, the same homeless man or woman you’re system trained you to ignore, and even further forgotten and ignored because of your corrupt and overly inflated debt-ridden system that even a child could see is “bad” and “wrong”. You system is a Humanitarian Crisis spiraling into some Technocratic Orwellian Nightmare.

It took people to create everything you see around you in society, even this darn forum was created by people no different than you or me! So, would I suddenly take the life of another if given the opportunity (like many people in society today) to have all the money in the world? I'm a Libertarian Anarcho-Capitalist and the answer is a resounding, NO!  Because I believe that people or the individual person is the very thing that creates everything you call "value" in these human societies.

YES, you are completely right -- I'm a pain in the ass. YES, it's painful to hear half of the things I’m writing to you and others, but you’ll learn through pain and you will learn to do it right and get it right through shame and practice, shame until you’ve regained your pride.  
 And unlike the masses -- I don't fill my head with television or programming which is also known as “reprogramming” or any of that nonsensical and irresponsible propaganda you find in movies -- I live in a state of constant and unrelenting truth,  and I live it with dogged-determination.

they have their own advantages. bitcoin is not effective for low transactions because of its high fee

For me, bitcoin is also a kind of currency used for transactions. In our place, i think we could only consider value of bitcoin when it was converted into fiat and readily used  for transactions because bitcoin is not yet widely accepted for transactions.

No and yes.
No, because using your bitcoin is you cant have the possibility to earn money from your bitcoin because of it price that are rising in everyday.

Yes, because using your bitcoin you can buy something online and less effort, and you can pay bill online without risk, you can buy cellphone load and the same thing you can earn from that.

It is better in some way and it is not in some other ways. I mean the whole digital platform is best creation of the Satoshi sir but what we miss here is the essence of using the hard cash that is needed in emergency cases where there is no electricity, or may be no way of paying the online payment. At that time we may miss the use of bitcoin or any other crypto currency which are completely online. So there it is where it lack the confidence of using the real time money there is hard cash. So its not just about the comparison and pointing out the bad side of the bitcoin but it is completely positive way of looking at it and making the development like that. So may be there need little more updates so that bitcoin be considered as real value currency over the actual money.


In other ways it is greatest currency we have blessed with or may be an asset we could say really. There is security of our investment and plus with bitcoin our money grows over the time and thats added advantage of decentralised nature of the bitcoin. So yeah in many ways it is better than the actual money. :-)

I am a hypocrite if i say yes.
Sure fiat is still the easiest and most convenient say to transact and buy things.
But when it comes to bitcoin it is as good as an asset, actually much better than that.
Just holding it for a long time will make you realize that I shouldve get more before this priced surged like this which we cant afford anymore.aa

Yeah it truly is amazing how people don't seem to realize things evolve and so does technology and Bitcoin is an example of a revolutionary thing that has come from an even more revolutionary technology (Blockchain) and we should wholeheartedly embrace it.

You also can't feel your shares in companies or other stocks. So in my opinion not "feeling" Bitcoin is actually not a good argument in comparison to fiat money.

Well that's your own perceptions mate, and based on my insights here bitcoin is the leading currency regardless of type whether digital or fiat currency. No wonder how it will influence people's live in the next 10 years, we might notice the changing effects of global adoptions of digital currency in terms of transactions and usability. So we can't exactly have into conclusions that it would not fit into real currency, because technology and system always have developments.

What OP meant was fiat/paper money. There is a basis for comparison because really bitcoin isn't easily understood like the regular money (fiat). Yes, I have consistently argued myself that bitcoin is money but a digital and virtual money that can't be felt. You can't feel it, can you?

Yes, the use of bitcoin has become mainstream for some people.... for some people only. Not every one in the world knows about bitcoin that's why I always pay in cash in convenient store because I'm afraid that they blow my head off if I'll gonna say that I'm gonna pay them using a cryptocurrency. Maybe in the next five years people will laugh at me if why I'm still using regular currency but it's OK for me because you could never hacked the regular currency in my pocket, I'm sure your cryptocurrency is hackable.

I think this depends on the use we are talking about here.
If we talking about making an investment, then definitely bitcoin is better than actual money. Investment in bitcoins is far more profitable compared to actual money.
But when we talk of day-to-day uses of money, i.e  buying of goods and payment of services,  then actual money is way better than bitcoin.

Yes it is for me. Bitcoin is giving me great financial approaches and which is not possible with the actual money. Have you ever seen your money growing in the bank deposits? But the bitcoin will grow like crazy and if you don't look at it for two to three years then it will bloom into couple of thousand dollars to even better. I think this is why bitcoin is far better than actual money. It is like amphora of money which issuing printed just for keeping into the vault.

I know it has very limited options to spend over the internet and also in offline mode but who cares if I can still convert it into the fiat money by taking some additional steps forward and then withdrawing the whole money into banks and then use. It is still the same thing and hence I trust the bitcoin over the actual money.