Topic: What can you do with Bitcoins but can't do with Dollars? - page 10. (Read 1827 times)
With bitcoin you can make anonymous transactions. You can disguise perfectly source of payments. This is one of the fundamental of advantages of cryptocurrency. Especially for large sums.
You can have long term store of value that can never be changed or tampered with in any way. Dollars are controlled by centralized powers and BTC is the opposite of that.
In times of inflation, Dollar value will dec. whereas BTC price will increase. BTC itself is an investment whereas we invest dollars in other schemes to get better returns. Apart from this, We can transfer any amt. of BTC to any part of the world without any income proof and at low fees. whereas to make an international transaction with dollars we got several restrictions and high transfer fee(up to 10% sometimes)
Here's something I just thought about! I can memorise my *-word mnemonic seed phrase and carry around any number of bitcoins in my brain, and be able to reproduce it, spend it, and receive it at almost any time to/from anyone (yes, there are exceptions but let's not get too creative!). I couldn't exactly do that with dollars. With my two bank accounts, I could do all those actions just as safely to a reasonably wide circle of people but only within a pool of people using the same centralised service (Sepa, for example).
Oh and I can send 1 cent worth of Bitcoin to about 160 people right now (almost infinitely more when Lightning Network is used if I understand its implications properly).
Oh and I can send 1 cent worth of Bitcoin to about 160 people right now (almost infinitely more when Lightning Network is used if I understand its implications properly).
Well the value of Bitcoin defines what is the worth of Bitcoin as compared to dollar. So with 2 or more Bitcoin I can buy a car which as compared with 2 dollars I can only able to buy 1 or 2 chocolates.
There are lots of stuff that you can do with bitcoins and you can't do with dollar, firstly a bitcoin is always going to have different values at different times of the day and year, meanwhile a dollar is always going to be worth a dollar at any time of the year which makes bitcoin better by far, again money can get burnt or torn while none of that happens to bitcoin.
Send the currency over the internet to someone over seas or instantly pay for something. Have access to your funding 24/7 365 and be in total and full control. Not having anyone know how many funds you have. It also counts as an investment and that is something other currencies simply can't offer. Being digital is a massive advantage. Much faster and quicker. Also if you want to use dollars you must transfer to the currency in question while bitcoin is universal.
I can't get rich with dollars , but i can get rich with Bitcoin if i can be patient and hodl my Bitcoins enough.
What can you do with Bitcoins but can't do with Dollars?
For me the possibility of profit when you invest in bitcoin is more higher compared the investment using dollars.
What can you do with Bitcoins but can't do with Dollars?
Bitcoin certainly has a very important role, especially about the ease of transacting anywhere indefinitely, with bitcoin I can do various transactions without having to bother to go to the bank in order to send funds from a personal wallet to anyone who both use bitcoin service.
The thing is i can hold bitcoin and can get short term and long term profits beacause bitcoin is up their value day by day but in doller if i hold doller i get nothing
Bitcoin provide transparency unlike the dollar. Bitcoin is decentralized, but dollar is centralized by Fed. Lastly Bitcoin value appreciate alot more than the dollar.
What can you do with Bitcoins but can't do with Dollars?
You can inflate your holding and get a genuine interest on it which you might never get while holding it in dollars or any other fiat as they are deflationary currencies. Their supply is increased every year to meet the incoming demands. Moreover I could send my btc to anyone in any corner of the world without much hazzle cant say that its easy for dollar unless you hold it on paypal.
You can easily transfer any amount of BTC through any border. You can't do it with dollars, I think. It's one of BTC advantages. Another one is the fact that nobody can issue additional BTC for any purpose.
i can keep a dollar in my wallet and woke up after a week with same amount or less !
i can keep my bitcoin on my btc wallet and wake up after a wweek with more that 10% value!
i can keep my bitcoin on my btc wallet and wake up after a wweek with more that 10% value!
What can you do with Bitcoins but can't do with Dollars?
bitcoin - anonymous crypto currency and this is its plus. Now only from the fantasy that you can do with bitcoin, but you can not do with other currencies))
You can get excited watching your BTC moon on a price chart.
That's not happening with the dollar.
That's not happening with the dollar.
It is better not to worry, but rejoice that the coin becomes very expensive. And you can remain incognito when making payments using bitcoin.
You can get excited watching your BTC moon on a price chart.
That's not happening with the dollar.
That's not happening with the dollar.
What can you do with Bitcoins but can't do with Dollars?
I dont understand what you are asking. but actually the benefits of bitcoin greater than the dollar. the answer is simple. dollar is not my country's currency. so I definitely prefer bitcoin.
Watch them soar into a higher price? Dollar will get weaker whilst bitcoin will get stronger in terms of price. Otherwise they both do the same thing
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