Topic: What can you do with Bitcoins but can't do with Dollars? - page 4. (Read 1827 times)
You can do everything with the bitcoin you do with dollars. The biggest difference is that if you hold bitcoin, you will experience an increase in value, and the possibility of a large increase. Holding the dollar won't do that, unless you compare it to other fiat currencies.
What can you do with Bitcoins but can't do with Dollars?
YOu can send bitcoin to all your friends in any country. Basically you can sit at home and pay your friends money in different continents.
You cannot do it with cash or specifically dollars. Or if you can you will have to pay a whole lot of fees and state your reasons of sending that money. Also you cannot send a lot with cash.
At the moment Dollars or fiats can do more or is more useful than cryptocurrencies. But if you consider cross-border payments with low fees, then sometimes cryptocurrencies are the winner, When the prices are low and the congestion is not much. Also using other coins might be beneficial in a congested period, but then you might have to convert it back to some well-known coins to get it converted to fiats.
Well, for me there are things that bitcoin and fiat can't do that the other can do, they both have different ways how to spend and they both have advantages and disadvantages too.
or payment directly in offline store? of course both of them have their advantages. and you can use both for your needs
You can't make money by holding your dollars but you can make money by holding your bitcoins.
What can you do with Bitcoins but can't do with Dollars?
You can make a transaction worth 200 millions of dollars without describing its purpose and disclosing your identity.You can be sure that the history of movement of your funds will never be changed ensuring safety of your money.
And finally you can invest your cash in a dozen of bitcoins and become a millionaire in a couple of years
I think there is a big difference in how you can use bitcoins and dollars. But there is a big difference in usage. Dollars can be used directly as bitcoin need to change to Fiat. For dollars there is no prohibition anywhere. Bitcoin also has its advantages. Low fees for transferring large amounts the absence of inflation and the relative anonymity of the transactions and I was unable to do many things now after joining this I can do these things and buying without any problem.
What can you do with Bitcoins but can't do with Dollars?
One major key thing that I enjoy with bitcoin that isn't available with fiat is the speed of transaction. Once I hit the send button, the recipient gets it within few seconds compared to the long time duration with fiat currency
I can safely store my bitcoins and be sure that in a few months I will earn well on the growth of the exchange rate of this currency. I can't do that with a dollar.
Usually, all projects that are related to dollars do not have a decentralized system. This is the main difference between cryptocurrencies and Fiat money. Therefore, cryptocurrencies offer more opportunities and directions in the development of this type of business and projects.
What can you do with Bitcoins but can't do with Dollars?
everything that can bought online and accept bitcoin as payment. Even i have paypal but i often to use it. If something can paid with Bitcoin i will prefer to pay with bitcoin because it is simple more than if i use paypal
I think that you can do a lot of things with btc which can't be done with the standard currency. This is due to the fact that btc is based on the blockchain technology. To my mind, it is the smartest technology ever
What can you do with Bitcoins but can't do with Dollars?
Adoption of bitcoins helps it value to fluctuates and these will lead to doubled price or even tripled bitcoins price,if i will hold it for many years bitcoin investments would probably grow not just like dollars the value is stable .
You can earn more dollars with Bitcoins. You can also do anonymous transactions through the internet whereas with dollar transfers, banks can see who sent the money and to whom.
They have different way to do both currencies like in bitcoin, You can send it to people anywhere in the globe without filling up forms. while in fiat or dollars a lot of verification to do. But in bitcoin you can do transaction if there is internet available while in fiat or dollars you can spend it without an internet connection.
What can you do with Bitcoins but can't do with Dollars?
Bitcoin measures from it's value. It's really have a possibility by changing it's value, bitcoin value can turns and converted into double price while dollars it's almost the same and it's not turns into double price.
Not solely about bitcoin as cryptocurrency itself but as an innovation that was made really helpful to earn profits. Just like trading. We can't actually keep dollars and wait for its value to be higher than what was written unto it then trade everytime it happens just to earn profit, bitcoin could only be the one to make it as dollars stays what it is and only serves for payment purposes.
For example buy prohibited things such as drugs or weapons... But in General, I think bitcoin is much easier to store than dollars. And this distinguishes bitcoin from the dollar. You can't put dollars in a flash drive and keep it there, can you? Right?
I can simply say in this analogy that Gold and Bitcoins are almost the same because you can invest your money here and wait for the price to rise. The only difference is Bitcoin is a digital currency while Gold is not, that's why they are almost just the same. What i can do to Bitcoin that can't do to Dollars is that i can save them to any exchanges even in my own phone.
At the moment Dollars or fiats can do more or is more useful than cryptocurrencies. But if you consider cross-border payments with low fees, then sometimes cryptocurrencies are the winner, When the prices are low and the congestion is not much. Also using other coins might be beneficial in a congested period, but then you might have to convert it back to some well-known coins to get it converted to fiats.
Well, for me there are things that bitcoin and fiat can't do that the other can do, they both have different ways how to spend and they both have advantages and disadvantages too.
I know . that my bitcoin belongs to me. My dolar works for the bank and is in his power, to extradite him or detain him. In my opinion, bitcoin is the first intimate currency.
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