Value of bitcoin - page 3. | Bitcointalksearch.org

supermine

hero member

Activity: 826

Merit: 518

Quote from: jamzjosef on November 24, 2017, 07:17:03 AM

Do you think using bitcoin is better than using actual money?

As of now using bitcoin as a mode of payment is not better because if your are paying through bitcoin you need to pay extra amount in terms of transaction fee.But no transaction fee for fiat currency but bitcoin is better for the international transactions the fiat transacting fee over international is high but same fee everywhere in bitcoin transactions.
And spending bitcoin is not good too because the price of bitcoin is increasing everyday so if you can hold your bitcoins now then you will have more value for that same bitcoin in the near future.

etherflyerofficial

newbie

Activity: 33

Merit: 0

Definitely using BTC is better than using fiat money! Why? because it can be traded anywhere and it's intangible and convenient!

Kim Ji Won

full member

Activity: 350

Merit: 110

Quote from: jamzjosef on November 24, 2017, 07:17:03 AM

Do you think using bitcoin is better than using actual money?

In some ways, using bitcoin is better than using actual money like for our online transactions. Giving us less hassle with all the shenanigans that many entities give us. Also, using actual money or fiat money has its own upside compared to using bitcoin. It is still more convenient using fiat money to small transactions that we are having every day. In short, each has its own advantage over the other so it is hard to choose between those two because I'm both using it.

miyaka26

full member

Activity: 476

Merit: 105

Quote from: jamzjosef on November 24, 2017, 07:17:03 AM

Do you think using bitcoin is better than using actual money?

When it comes to flexibility and availability traditional money or fiat is better than using bitcoin, paying bitcoin is still not normal for the majority of markets or businesses they still prefer the use of fiat rather than a volatile monetary that is more convenient both to the clients and owners, one of the aspects of Bitcoin that makes it better is the productivity, spending vs holding, who wins? holding of course, you may miss the chance to increase your money from the pumps of this coin.

parman

newbie

Activity: 9

Merit: 0

I think, if the security of bitcoin is good, the use of bitcoin will be better than others.

bixbem90

sr. member

Activity: 420

Merit: 259

Quote from: jamzjosef on November 24, 2017, 07:17:03 AM

Do you think using bitcoin is better than using actual money?

Nope. Actual money - cash it is money currency which our goverment accepted and all of us, easy to know. About Bitcoin, ecurrency, so this is maybe popular with us, who included crypto currency, but for whole of people, it is not the same. Example: If you give a farmer 1BTC to buy milk, they will not have anything, because of they dont have wallet. So we need wait at least 5-10 years more for popular of bitcoin using.

Chyton

sr. member

Activity: 322

Merit: 253

Well it is better in some case such as storing asset (Bitcoin is being treated as an investment and asset nowadays, not as a currency/money).
But when you are going to buy something, It is better to use fiat money because Bitcoin is not that widely accepted yet.

pugman

legendary

Activity: 2383

Merit: 1551

dogs are cute.

Quote from: jamzjosef on November 24, 2017, 07:17:03 AM

Do you think using bitcoin is better than using actual money?

Using bitcoin or fiat depends on the particular situation of the markets, where are you going to use it, most of the time, fiat is better, but again, it depends on the circumstance. If you're a bitcoin enthusiast then mostly you'd go for using bitcoin wherever feasible but if you're not, you'll think in such terms like saving bitcoin for the future when the price will be at some 100k$ or something.

deadsilent

hero member

Activity: 1148

Merit: 500

Nope. Cash still what people preferred since it's a fast and easy to use than Bitcoin. Bitcoin uses technology. Electricity, devices and internet in able to use. Bitcoin is useless without these. But i believe it couod be develop more. But it will take time to develop. For me, Bitcoin is only a good form of investment. It cannot replace cash because there's so many disadvantages using Bitcoin as a real currency. Fees for example. Are you willing to buy something with extra fees to pay? Fees are now very high. $10-$12 per transactions. That's high for average people like me. Aside from that. The wauting time to receive bitcoin. Sometimes, even if you pay higher than normal fee. Sometimes, it takes some time to confirm. Cash is still the best.

fiulpro

hero member

Activity: 1890

Merit: 831

I don't think this is so.
Bitcoin and the normal money both do have different values, one is used for normal exchanges and one is a sort of investment like how you invest in stock shares , and the fact that I haven't mentioned anything about whoe's who but everyone is able o distinguish between them shows then all are already very clear about their adoption in the society.
Both wre important and I don't actually think that usage of bitcoins is better , for bigger transactions yes you may consider., But moreorso the paper money will always be there as its an essential part of the society and inseparable thus.. it cannot be said so.
For some sectors yes it is better but not for everything.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: jamzjosef on November 24, 2017, 07:17:03 AM

Do you think using bitcoin is better than using actual money?

When are you people going to learn?
Bitcoin is money!!!
You can buy stuff with bitcoin, you can buy stuff with $ you can buy stuff with your cc.
It's the same thing. There is no "actual" or "virtual" or god knows what type of it.
Bitcoin is a currency, its legal tender in some countries, its money.
So no point to compare it to itself.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: ?? on ??

Quote from: jamzjosef on November 24, 2017, 07:17:03 AM

Do you think using bitcoin is better than using actual money?

if I find myself bitcoin is better than paper money, because bitcoin is very easy to make transactions and the price is also very high as well.

Is the adoption on your place into bitcoin is really high? Since it can able to make transactions better on your paper money? I don't really think so about this matter knowing that bitcoin isn't yet acceptable on most countries and cant really be used just like paper currencies since the adoption isn't too high where comes to a point it already acts the same with paper fiat. If that's your experience then its really great hope I can experience on the thing you are experiencing as of now.

yohan09

full member

Activity: 336

Merit: 100

For me yes, Because fiat currency has a fix value compared to btc or virtual currency which has the tendency to surge up and eventually makes you richer and richer if you keep holding on it for a long term. This is the good trait about cryptocurrency.

Siopao

full member

Activity: 182

Merit: 120

For me we can use the maximum potential of bitcoin if we use it as our long term investment. Value of bitcoin have been increasing over the past few years and it can give us the best return of investment compare to any other. And I think it will stay for long because more and nore people are giving interest and starting to invest on it.

h0lybyte

hero member

Activity: 924

Merit: 511

Yeah, use of bitcoin has become mainstream for some people and i also prefer to use bitcoin rather than actual currency.
It is upto people whether they wish to propagate bitcoin or fiat currency buy if people demand bitcoin more and more,
there are higher chances that in next five years, people will laugh at you for using regular currency

tommyvt

newbie

Activity: 3

Merit: 0

Bitcoins do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars. Rather, Bitcoin appears to have value for the following reasons:

It is popular. In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin. It is recognized and accepted as a currency by many.

Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax. Also, unlike fiat money produced by central banks, there is a cap set on total Bitcoins, limiting how much the currency can devalue through inflation.

Bitcoin acts like an equity investment. The market value of Bitcoins has had wild swings in value and even a market cap.

Bitcoin is a social network. The Bitcoin "community" is active and acts like other online social networks.

hase0278

hero member

Activity: 882

Merit: 544

Quote from: jamzjosef on November 24, 2017, 07:17:03 AM

Do you think using bitcoin is better than using actual money?

It is better to store money in bitcoin rather than actual money but in terms of overall usage they are on par with each other. Bitcoin is only better when payments will be done online, while fiat is better when one will use it for real world transactions for now because it is easier to pay with of without the need of internet. Bitcoin also is decentralized, preventing inflation because one cannot add more to supply while fiat can be fabricated, making btc better in terms of money value storage.

reliable

full member

Activity: 868

Merit: 151

To each and every one the value of btc is different. For majority holding helps them in getting more value as the price of btc keeps increasing. But if you hold normal money their value does not increase unless you ave got it investing rightly. BTC cannot replace physical money as it existed for years and accepted worldwide too.

Zemomtum

full member

Activity: 1316

Merit: 104

CitizenFinance.io

Quote from: jamzjosef on November 24, 2017, 07:17:03 AM

Do you think using bitcoin is better than using actual money?

For me I can not say better. You can buy cash right away. Just outside our homes? we can buy everything we want. Because they are more priority cash. But what is the best bitcoin? the money you accumulate will grow, or invest in it. You can not buy anything you want, and your money will grow and grow. They are the only difference between them. If you are expensive? go for cash. But if you want earned a lot of money? go for bitcoin

.

bear100

newbie

Activity: 56

Merit: 0

As it has been already told here, Bitcoin is good for investments and trading on exchanges.
But as payment method - no. It needs to spread more into banking and payment sector. As well as internet commerce section (Amazon, Ebay). And the commission can be high, when there are lots of transaction in the mem pool. Just like it recently was. So buy and wait Wink

Topic: Value of bitcoin - page 3. (Read 647 times)