Topic: What can you do with Bitcoins but can't do with Dollars? - page 5. (Read 1827 times)
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.
The most interesting thing about it is that you can betray it anonymously and quickly anywhere in the world, and it will give rise to new technologies !
* Bitcoin is programmable - meaning you can freely build stuff on top it. I am not sure dollars or any fiat currency is capable of this.
* You mine Bitcoin yourself. Government "mine" fiat currency for you.
* You actually own your Bitcoin(if you want) unlike Fiats.
* You can travel internationally with as much Bitcoin as your want without being harrassed by government officials.
* You mine Bitcoin yourself. Government "mine" fiat currency for you.
* You actually own your Bitcoin(if you want) unlike Fiats.
* You can travel internationally with as much Bitcoin as your want without being harrassed by government officials.
The only thing I can say, compared to dollars, bitcoin has a great chance to increase its value in the near and long term. In the case of the dollar - this is impossible. Dollars only depreciate over time.
There is a few advantage of bitcoin compared with any FIAT currency. Such as using bitcoin will accepted universal ,not just in some country. Secondly i can send my btc to any other people in any country with a matter of minutes. Third and the most powerful is bitcoin has a great potential to become a main currency in the internet.
Right now you can do almost everything with dollars, but crypto and with crypto I mean Bitcoins are the future of money, so one day Bitcoins will be able to buy you thinks your dollars would not be able to pay for. Buy you Bitcoins now and holding them for 10 or 20 years.
There are many possible use cases of bitcoin which dollar can never provide but we have to wait for the mass adoption and scaling of bitcoin for that. Bitcoin being decentralised has a lot of use cases and also you can gain on his volatilty too.
Bitcoin is a digital decentralized currency that can be sold ,bought, or traded like commodities . Bitcoin is different from dollars it is used to buy and purchase goods and services and it is a peer to peer technology and there is no third party involvement or any control of government . Bitcoin is created by the network and by mining process Bitcoin can purchase anything from all over the world since it is an online currency but dollars are physical currency that can't be traded online .
To simply contribute to dollars or some other fiat and sit tight at its cost to get high relying upon the development or trade of it in the market. Bitcoin is likewise decentralized , so we could guarantee that no political angle could influence bitcoin uniquely the defilement and the rate in exchange isn't appropriate on bitcoin as far as little ventures.
If you hold bitcoins for around five years, the original price might double or triple or even be ten times the original, on the other hand if you hold dollars for 5 years the price won't increase enough to make you a profit like bitcoin does.
We can touch dollar but bitcoin not. Thats one of the different but in this case we will not talk about that. We are more concern about the vaue of something. Bitcoin can grow double in short day although it has a weakness being drop because its volatile. This is the most case why people stay in bitcoin. We want to try our luckiness.
A bitcoin always has different values at different times of the day and year, while the dollar is always worth the dollar at any given time of the year making the bitcoin better so far.BTC itself It's an investment while we invest dollars in other programs to make a better profit. Also, we can turn any amt.
What can you do with Bitcoins but can't do with Dollars?
I think you are making it too difficult for you, of course bitcoin has other advantages over fiat currency, the main example is in terms of investment returns. this can be a difference that can't be done with dollars as you say. this is simple
To me 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 PC.
To me 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 PC.
Bitcoin is a digital money for everyone. We can work and collect Bitcoin anywhere. With Bitcoin, we can use our money to invest, thus giving us a better income opportunity if Bitcoin prices rise. With dollars, we can only use it to trade or keep it in our closet or in our bank account. This means that investing in Bitcoin can be profitable, but investing in dollars is not a good investment.
What can you do with Bitcoins but can't do with Dollars?
I think bitcoin can make payments without going through fiat currency transactions using fellow bitcoin currencies, there is no counterfeiting of many bitcoin currencies which falsify fiat currencies as personal gain and that I think violates the law What can you do with Bitcoins but can't do with Dollars?
For starters, "TRANSFER". Transferring $1M worth of bitcoin can be done easily. No one's gonna question you on that if you want to transfer such amount to somebody else in another part of the world. Try transferring $1M through your bank and i'm sure you'll get a lot of questioning as a protocol.
Then "SECURITY". If that $1M transfer pushes through with the bank they get a trail of who is sending it, who is receiving it, why it is being sent and where exactly it will go. Do we really want that? It's more threatening to me really. But with bitcoin (with the exemption of course of KYC driven exchanges), we only talk about wallet to wallet transfer. One will not even know the country origin and destination. Bitcoin only needs your wallet address.
Lastly "APPRECIATION". When waqs the last did your dollar doubled its purchasing power? Whereas we all witnessed how bitcoin not only doubled, nor tripled its value, it went way overboard than that and it is expected to happen again as people continue to discover that advantage of bitcoin.
And these are only a few of the dozen things bitcoin has to offer over dollars (or any fiat currency for that).
Bitcoin can be a form of great investment to its holder. Due to the volatility nature of Bitcoin (which is not seen in the USD), investors get to earn much profit during the price surge of Bitcoin on the market.
I think only one thing is high or low profit, because if we are a dollar in two years of the original price it cannot be X2, but with Bitcoin anything well can happen.
What can you do with Bitcoins but can't do with Dollars?
The only thing that distinguishes between bitcoin and dollars is that we can make transactions between countries without being limited by distance and without having to exchange currencies first. This makes bitcoin more efficient and effective than using dollars in a transaction.
Jump to: