Topic: Value of bitcoin (Read 647 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.

Who is 'they'? Bitcoin and how you take care of your overall security are two different things. Nowadays viruses are more than ever focused on stealing people's crypto currencies, and at the same time, hackers constantly try to find a weak spot to exploit and empty hot wallets of services. If people with your mentality just assume that nothing can happen to their coins just because it's Bitcoin, they likely will find out how important their own security measures are when things go horribly bad for them (coin loss as result). At the end of the day, people only learn when things go wrong, unfortunately.

 
Bitcoin is a digital currency system and it's today rate was very high and today rate of bitcoin are $8117 across and it increase day by day so in future it Cross the $10000 in December end and it is used for all online process because it's a digital currency system so in future all online process it can used so this are the value of bitcoin.

Now a days bitcoin is increasing so i would like to say that bitcoin value is un predictable so i would love to say that we should invest into bitcoin because it is the time to twice our investment into bitcoin so i would prefer to people to buy bitcoin because bitcoin is most precious asset to hold.

I think bitcoin is better that actual money like USD or PESO.  why ? cause in bitcoin its only digital. they cant steal your money easily they cant rob you. because its digital no one can hold it in hands. so for me bitcoin is better than actual money that we can touch. and in this cryptocurrencies we can assure that we are secure.

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 don't think is it better the thing is that is the future ... electronic money is the future as shown in the serie " Mr Robot "

First off bitcoin is money we gotta start understanding that and stop comparing it to "actual" money. Knowing that it is money I think it is the same thing as using real money with obvious drawbacks you cannot use it all the

time. This drawback is obvious and big but I expect it to be less of a problem in the coming years therefore then making it better to use. Long answer short no right now bitcoin is not "better" than "actual" money.

Right now I think there is no point in using bitcoin, at least not the way we use actual money. Bitcoin can be used on very specific situations, where it might be better than using money, like making an international transfer, or buying a very expensive item, but if you do any of these things, then you should really replace the spent bitcoin right away, or you might lose money, since they are still very cheap.

For instance, you want to make a big international transfer, and you have enough fiat and bitcoin to do that. You can make the transfer using bitcoin, and in this case, the fees and the transaction times will be way better than what you would get with the fiat trasnfer. Once you do this, you should buy the same amount of bitcoins you just spent with fiat, so that you are not losing value if the bitcoin price increases.

Yes it would be. If I only could be using it for all  my everyday needs...
The acceptance is so small that in most places you'd have to jump into a car and spend $100 on fuel just to get to a store that accepts it.


Maybe we are living in different worlds or times but it can't be traded anywhere. You are limited to exchanges and their number is really small compared to the number of banks for instance.

Actual money? Money is money just that we have fait currency which i believe is what you are referring to as actual money or currency and digital currency which could be refer to as crypto currency all of them serve the same purpose though Bitcoin as an assets as compared to fait currency and that is why people prefer Bitcoin over fait currency .

the value of bitcoin will continouosly growing based on the charting that experts made and it will pump to 15k this January 2018. so I suggest that you buy or convert your paper money to crypto currency. BITCOIN.

I understand bitcoin is translated into real dollars but my biggest concern with government acceptance and how one major nation (e.g China) can demonetize and devalue BC overnight by no longer mining or no longer accepting BC.  Today in the US i think we get by due to the vague understanding of how it works, which is why our government sees it as a commodity (like gold).

On the other hand, how do you feel about major banks and investors getting into BC?  Shouldn't this help stabilize the market?

Bitcoin is a great used as a long-term investment.
Everyone too much love bitcoin & I also. Bitcoin is a high crypto currency & easy to make transaction to anyone. 

the value of the bitcoin is very high in market, also the rate of rising in the value of bitcoin is high. bitcoin is high crypto currency and a high value than all fiat currencies. I think the use of bitcoin is not good holding of the bitcoin or investing in bitcoin is very good to make some more money from bitcoin. use of bitcoin is not good because you will fulfill your need and will your benefit.

Nope..... Cash is still King. {It is 100% anonymous and it is accepted everywhere} I am a big Bitcoin supporter, but I am not blind to it's

shortcomings. We also have some scaling issues that are holding us back from greatness. The scaling issues are causing more problems with

high fees. {when Bitcoin is spammed and when miners starts to mine other forked coins} 

If you means actual money are cash fiat, for now it is still better using cash for doing transaction in real.
Bitcoins, has advantages to be using in online transaction, when you need sending sum of money to your friend abroad, you can using bitcoins for fast transaction that can received confirm by your friend in some mins / hours.

                            Yes! I truly agree with it. As of now bitcoin has been used as an investment, compared to fiats which are literally being used for methods of buying goods, but sometimes when its crucial moment, or in buying things or what you needed online, you can rely on bitcoin as currency, unlike fiats that has a lot process before you can buy goods online, bitcoin has automatically design to provide the needs online such as transactions and for being an online currency.

Bitcoin have both advantages and disadvantages so think before you investing on bitcoin.Bitcoin price keeps increasing everyday if you invest on bitcoin now your investment will grow many time in some years and bitcoin transaction is fully anonymous so olno one can trace your transaction.
But no one knows bitcoin price will rise upto what so the risk of your investment in bitcoin is high.And while you are making bitcoin transaction there will be a fee but there is no transaction fee for fiat transactions.

Yes i agree with you, bitcoin is easy to use, and like you said it's easy to make transaction to other. And if you hold bitcoin, you can gain your profit even without doing anything rather than our actual money that's why i choose bitcoin.

Bitcoin is more of an investment then currency, so bitcoin is best store then to be use as a means of payment for goods and services. When you save your bitcoin you stand to gain either from it increase in price or trading to make make your gain at the end of the trading period. Because when you spend your bitcoin you stand to incurre cost like the transaction fee from blockchain and you loose you bitcoin but if you save your coin you always stand to gain from the steady rise in price of bitcoin in price the exchange market.

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.

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

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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 .

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 

Bitcoin in terms of value is the best, but ofcourse when buying our physical things that needed is fiat exchange. Because bitcoin is not yet legalized in the country that is why fiat would be best. But when we say in an online of investing bitcoin because value is increasing our investment may grow.

Not right now, It depends on where you'll spend your bitcoin because if you plan to spend less than $10 per transaction you're better off using fiat or altcoins. It's still a good alternative way of payment for bigger transactions and if you don't have enough cash.

The fees are high because of the price right now and how busy the network is. If bitcoin wasn't this high then fees should be cheaper.

It is good if you will be using bitcoin as a long term investment but if you are just going to purchase some thing you should just pay actual money instead because the crypto currency is changing every seconds, minutes, hours and so on and so forth so if you will pay your goods with bitcoins you will be at disadvantage.

I think this only depends on how the people will use it. Bitcoin is not really "widely" accepted in the world, it may be accepted in some country, some country don't. In my country bitcoin is not that popular though many people uses it so we can;t use bitcoin, we first need to convert it into fiat.

In these case, I think fiat  the "actual money" is better than bitcoin, but in terms of sending it and using it as a payment online, I guess I will go with bitcoin.

everything have their own advantage and disadvantage,
if we're comparing it to actual money aka fiat,i think it would be better to use fiat at the moment.
right now Bitcoin can not be used by people wholly,what i mean is it has a limited supply and a high fees.
if people use it in their life replacing an actual money,i believe the fees would be huge and it's much more than taxes that we need to pay daily.
plus it's not easy to use for them who do not know about computer or computer savvy.
lastly if we want to use it in our real life,we need to have a physical form.
Bitcoin is good as digital currency,no more than that right now.
we need actual money to value it and keep it alive,at least for now it does not fit to be a real currency based on its technology and system.

I think that it would be better, but there are a lot of scammers and hackers on bitcoin we need to prevent that in order to have it as a regular payment method. Money is nearly always stable.

While bitcoin is unstable so it can give you sometimes more money.

Bitcoin is best used as an object for long-term investment. It is not advisable to pay for purchases of goods and services, because the cost of cryptocurrency is constantly increasing.

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