As of right now, I'd rather be using fiat money for everything I need. Bitcoin is still relatively new, yes a lot of people have heard of it, but how many of them are holding it or know anything about it?
Fees are the problem as of right now but surely there might be developed some separated blockchain for market and faster transactions and smaller fees, that would later on, outside of working hours, be implemented into the original blockchain.
Topic: Why I would rather have paper money then Bitcoin - page 12. (Read 1352 times)
Unfortunately, I can not come with bitcoin to the store and buy bread, or pay bitcoin in transport. For this time has not yet come, bitcoin need to settle, to regulate the size of the commission so that daily purchases are profitable.
I'm really looking forward to the time when bitcoin can be paid anywhere. But in my city not all shops even accept bank cards. And because of this technical imperfection of our payment systems, I have to use paper money.
Bitcoin, I think crypto currencies in general have become an investment.
Just look at all those ICOs. They are all brought up and advertised in a way that people who buy it now will get more money for the coins later. That is pure investment.
And an investment usually has not that much practical use. Gold for example. No supermarket will accept it. People have to take the detour over fiat more and more often again.
Just look at all those ICOs. They are all brought up and advertised in a way that people who buy it now will get more money for the coins later. That is pure investment.
And an investment usually has not that much practical use. Gold for example. No supermarket will accept it. People have to take the detour over fiat more and more often again.
Bitcoin is unpredictable in price, it would go up high and suddenly go down. But you can own it if you wanted, but for me the best idea that i've been doing right now is, having a fiat currency and a bitcoin investment in my bitcoin wallet. Checking my bitcoin price and spending a fiat money in everyday living from a bitcoin that i've been investing.
In today's situation paper money is essential to our daily lives, yes I will agree to you that it will ease the transaction part because it is hand in hand. But cryptocurrency transactions are being improve, isn't transaction on the internet or other platforms ease your worries in transactions? Bitcoin makes it easy for us.
If you think like that I think you need to understand again about cryptocurency because you do not really understand you have a very valuable asset.
Even if you understand the usefulness and benefits of bitcoin you can just buy the food store you buy its food.
Even if you understand the usefulness and benefits of bitcoin you can just buy the food store you buy its food.
I would agree to you that its most important to have fiat rather than bitcoin but in my opinion you can put it to 50% - 50% so you have fiat for emergency and 50% bitcoin for investment
Its better to have a paper money than bitcoin.First of all bitcoin is not acceptable in all transaction.When you have paper money you can buy without hassle and definitely you can have it whenever you want it with less worries.
Paper money is still essential for our spending and expenses. I prefer to save and invest in BTC since BTC has potential to grow my savings unlike in fiat. The returns I have in fiat is very very small as compared to BTC.
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.
I use Bitcoin only as an investment tool and ordinary money is still in the first place. With the help of cash for today I can make all the necessary purchases in my country.
I would prefer to have bitcoin than paper money but because of the prevalent circumstances I have to keep paper currency more than bitcoin for daily uses. Despite all the advantages of crypto currency i.e. easy holding; fast transactions; international easy payments; anonymity of holding; I have to keep paper money because only minority population knows how to keep; hold; transact; invest in crypto currency bitcoin etc. But as I have to deal with the people who are in majority but are using paper money I can not deal with them with bitcoin because they will not accept it.. So I have to keep paper money.
There were a people who would rather choose paper money cause they could easily check it when ever you wanted.And you could use paper money with less hassle and definitely you can have it whenever you want it with less worries.
For me i'd rather choose bitcoin than paper money,although it have some disadvantages but in the other hand it has an advantage also than paper money.Bitcoins price is volatile that sometime rise that the real money dont have.Real money has its permanent value not like bitcoin.Other thing about paper money is the saftyness of it.Although bitcoin has high fees but the profit it can give is whats important.
The truth is that Bitcoin has become a store of value, it is not the currency it is supposed to be - it cannot be used to buy goods, especially now that the feed are totally absurd, tens of dollars for every transaction. Dollars are more spendable in real life 
Yes we do have a high transaction fee right now but I believe, later on it will be reduced that will have the bitcoin holder. But for now, crypto is still growing so there are still lapses. So, just keep both your paper money and btc for the future.
If you stay with the fiat money, you will be devalued. Bitcoin is the best recerva of value that in these times exists better than gold.
Using bitcoin or FIAT money is a choice. You have to study the market and know when to enter the market and when not to enter the market. Is key in Bitcoin business.
If you would have to choose to receive all your money(from salary, from friends&family, from selling things, from anything) in bitcoin or paper money of course we would all take the second option because you cant do much with bitcoin.
The most majority of people dont hold bitcoin to use it for paying everyday things(food, clothes, debts) . They keep it as an investment to earn profit for it. You dont have to keep bitcoin just to spend it, think that you can make some good profit from trading bitcoin or just keeping it in the wallet and after the price rises you can anytime exchange it for fiat and buy everything you want.
The most majority of people dont hold bitcoin to use it for paying everyday things(food, clothes, debts) . They keep it as an investment to earn profit for it. You dont have to keep bitcoin just to spend it, think that you can make some good profit from trading bitcoin or just keeping it in the wallet and after the price rises you can anytime exchange it for fiat and buy everything you want.
sadly, i can not use bitcoin many in daily life too because most shops or stores in my city dont have much place accept bitcoin for payments, there are few of bitcoin stores in my city, so bitcoin is very inconvinient in daily life, so i rather exchange my bitcoin into fiat to use rather using bitcoin.
Jump to: