Topic: Why I would rather have paper money then Bitcoin - page 11. (Read 1349 times)
I guess Lightning Network could bring a good solution soon, Lightning Fast Transaction Speed and Minimal Fees. Also, World Domination of Bitcoin is still a couple of decades away, but it will happen, everybody will be using Bitcoin/crypto then
This is going to come to a surprise to many on here, but at the moment I'd rather have paper (US FIAT) money. It's something that I would be able to actually use in my life with ease, and even though I love crypto and everything I have to be honest about what I think and see.
Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.
Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.
Bitcoin has seen a lot of action during the past few months. There has been huge volatility in the price, and there are many people that are investing in it without knowing what it really is. I think in the begging, it was people who were idealistic and investing in it long term. But then it became about people who are just putting money on it simply for the fact the price has been rising.
I think what really makes paper money safer than Bitcoin is the fact that governments can ban it (to a great extent). (The price was going to continue rising, but I think that announcements from governments about possible regulations are the reason why prices aren't rising like that anymore.)
That's probably the reason why fiat money would be preferred by many over Bitcoin.
bitcoin is online system of money i will captured by the bitcoin other level of money i would rather paper money bitcoin of private key level of business.the paper money paid amount of physical document of wallet system.the paper key bitcoin of written used to multiple wallet
This is going to come to a surprise to many on here, but at the moment I'd rather have paper (US FIAT) money. It's something that I would be able to actually use in my life with ease, and even though I love crypto and everything I have to be honest about what I think and see.
Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.
Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.
Bitcoin has seen a lot of action during the past few months. There has been huge volatility in the price, and there are many people that are investing in it without knowing what it really is. I think in the begging, it was people who were idealistic and investing in it long term. But then it became about people who are just putting money on it simply for the fact the price has been rising.
I think what really makes paper money safer than Bitcoin is the fact that governments can ban it (to a great extent). (The price was going to continue rising, but I think that announcements from governments about possible regulations are the reason why prices aren't rising like that anymore.)
That's probably the reason why fiat money would be preferred by many over Bitcoin.
I do not want to spend crypto currency, which is growing very well in price and increasing my capital. I will spend it only in case of emergency. And there is nowhere to spend the crypto currency.
In terms of our country, bitcoin is not that popular and commonly used the reason a lot of stores or merchants do not really accepts bitcoin so there is nowhere to spend some of my saved bitcoins which I think can give me a positive effect because I can save them instead of spending them. Still, in times like this, I can say that I will pick paper money than bitcoin if we are talking the acceptance in our place.
I live in a very small town, you can say - the village, and I simply do not have the opportunity here to use bitcoin. I use it for international transfers or for payment of some services, but in real life I have to use paper money, I want it or not.
I do not want to spend crypto currency, which is growing very well in price and increasing my capital. I will spend it only in case of emergency. And there is nowhere to spend the crypto currency.
While I consider bitcoin only as a very profitable investment. It is too early for it to become a full currency, since not all countries and cities have the opportunity to do so. And, in principle, you do not want to spend a currency that will help you earn money.
This is going to come to a surprise to many on here, but at the moment I'd rather have paper (US FIAT) money. It's something that I would be able to actually use in my life with ease, and even though I love crypto and everything I have to be honest about what I think and see.
Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.
Well, we have different reasons why need fiat money rather than bitcoin or vice versa. Some people who dont have enough knowledge about bitcoin or those who really need a decent amount of money prefer having fiat money. But those people who wants to invest money for their future life prefer having bitcoin because its their way on how to gain a huge amount of profit to be use for their future life. Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.
Bitcoin is not yet sufficiently developed to use it as a currency. If I suddenly decide to live with only bitcoins as payment means, I will be hungry, because I can not buy anything. In my country this is practically not developed, and in my city many did not even hear about bitcoin.
This is going to come to a surprise to many on here, but at the moment I'd rather have paper (US FIAT) money. It's something that I would be able to actually use in my life with ease, and even though I love crypto and everything I have to be honest about what I think and see.
Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.
Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.
BTC is pretty liquid. What if you could have 10% more BTC than paper money?
It's very simple, bitcoin is now simply impossible to spend on ordinary things - going to a cafe or shop, paying a taxi or utilities. We will be able to use as usual currency not earlier than in 5-7 years. At least this applies to my country.
As of the moment, paper money is more liquid compared to bitcoin. Banks nowadays have a difficult time distinguishing what bitcoin is and do not see it as a currency. On the other hand, having paper money is being accepted all through out the world. Bitcoin is still on the verge being regulated by some countries. For example, there is this news wherein an airport is converting to be cryptocurrency friendly where they would be accepting Bitcoin and other alts as payment for coffee, tickets etc. Apparently, people go into bitcoin thinking that they would make profits due to the volatility of its value. Having paper money would have a more stable price. Having a physical currency is accepted and more realistic for other individuals compared to bitcoin being a speculation for some people.
While we still can not use bitcoin to the fullest, as it is a small house where it can be accepted. Therefore, in the next few years we are forced to use paper money.
There are more credit CARDS in America! It has to do with your lifestyle!
When you tip someone, you can't transfer money using BTC! This is very troublesome for the waiter! It's very convenient for you to use paper money, and other people too.
When you tip someone, you can't transfer money using BTC! This is very troublesome for the waiter! It's very convenient for you to use paper money, and other people too.
I love crypto but there a still a ton of problems wit husing it in real life. The transaction fees first of all can be very high on certain coins. Then look at how many retailers even accept cryptos? It's not very many even online. Then you have to worry about the major volatility. With all that I still love the new tech of crypto but it has a long way to go to be improved upon.
Bitcoin is like a new girlfriend. I have to give her attention every single day. Fiat is like my wife, who needs some attention, but not so much. Gold is like (well, this is just an example, because I actually bought a house near where my mother lives so I can visit her often) a mother who you can basically just call once a year to say Merry Christmas, because you know that the value isn't changing much and will be pretty much the same.
Fiat is our easiest form of currency it has been in place for a long time and there is nothing difficult about using it. Bitcoin on the other hand does have a learning curve for new people to understand with keys and understanding of it price volatilities. Transaction fees are an issue that can be resolved.
That is actually the reason why there are still more people that is still prefer to used fiat or paper money on their transaction. We could not break the system of fiat because it is much more easy to used in terms of transaction on daily basis where there is a tangible representation on each value you have or the money system. Yet, Bitcoin could be more efficient to used on the future because more people will surely prefer to used an easier and faster way for transaction on other people regardless the distance, location or the reason of transaction. 
I can not use Bitcoin as the usual money here in my country. Shops and restaurants do not accept crypto currency and I have to exchange it for ordinary paper money. Thats why Bitcoin and fiat have different purpose for me. Bitcoin is an investment and a source of income.
As with a lot of these threads, it doesn't have to be an either or situation, although what else would we talk about?
I've converted plenty of fiat to bitcoin and bitcoin to fiat and bitcoin to gold, etc. etc. They are all friends as far as I'm concerned and I care very deeply for all three.
I've converted plenty of fiat to bitcoin and bitcoin to fiat and bitcoin to gold, etc. etc. They are all friends as far as I'm concerned and I care very deeply for all three.
I prefer to use paper money because its use is very easy and flexible. almost all transactions can be used with paper money but if to invest better with bitcoin because bitcoin has a fluctuating price so if used to invest will get better results than banknotes
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