Why I would rather have paper money then Bitcoin - page 3.

ipanks

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Quote from: eann014 on March 26, 2018, 09:44:25 PM

Quote from: squatz1 on January 04, 2018, 03:10:31 AM

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.

Yes, I'd also still want to use paper money, than to just only have bitcoin, I can't imagine if we still only have bitcoin, I think it will be very difficult for us to use it, especially if some people doesn't know how to use bitcoin, some people who does not have gadgets can't have bitcoin.

I agree with you. but I don't have to exchange all of my bitcoin to paper money because I still want to have the investment for my future and I think bitcoin can help me to do this. and in our real life, people still don't know much about bitcoin so they think that bitcoin is not good for them and they don't want to use it like us. actually, if we can have both paper money and bitcoin, we can use it for our real life and online life at the same time.

Hotrod_88

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Quote from: squatz1 on January 04, 2018, 03:10:31 AM

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.

Because paper money is much more secured than using bitcoins especially if you are not that techie guy because it is hard to cope up into that thing because not all stores are accepting bitcoins as you paynent so it is really hard for us to use bitcoins and we need to convert it into cash instead after having that in order to buy things that we wanted. And the fact that the bitcoins are volatile so you better knew that your money can lessen if the overall price in the market falls so if you dont want that better stick with cash.

frankybutterin

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“Blockchain Just Entered The Real World”

fiat money has always existed and we have been using it for years. We always hold fiat money to meet the necessities of life while bitcoin is still rarely used and for now there are still few people willing to accept bitcoin for sale and purchase transactions.

SaiWAFU

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Quote from: squatz1 on January 04, 2018, 03:10:31 AM

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.

Your sentiments are understandable and correct. If you'll be converting your money to bitcoin and use bitcoin for transactions it's not advisable, transaction fees will kill you.

But if you bought bitcoin for you to profit out of it then it's a different story. I bought bitcoin so I could do trading and earn from it. I rarely use bitcoin as a payment transactions because I find it more epxensive.

kirito1614

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As far as exchanges, fiat cash is extremely the better decision. It is extremely decent that bitcoin exchanges is not that easy to trace and the clients are being unknown however its exchange charges are extremely costly. And furthermore fiat cash is extremely adaptable in all exchanges. It is disappointing to have bitcoins and not ready to utilize it and spend it for day by day needs

colmenajose

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It will never be the same bitcoin as paper money, its uses are different. Bitcoin is for investors, that is, people who invest in cryptocurrencies to obtain a return on this asset in the short, medium or long term. On the other hand, paper money is simply to acquire goods and services.

rainezerr

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Quote from: squatz1 on January 04, 2018, 03:10:31 AM

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.

There are so many disadvantages about using physical cash like you can be robbed and you need to always bring your wallet, another thing is that, the value of fiat is not increasing so basically you need to work hard to earn it, while invest on cryptocurrency is already a big thing because the prices is growing as the time goes by.

eann014

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Quote from: squatz1 on January 04, 2018, 03:10:31 AM

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.

Yes, I'd also still want to use paper money, than to just only have bitcoin, I can't imagine if we still only have bitcoin, I think it will be very difficult for us to use it, especially if some people doesn't know how to use bitcoin, some people who does not have gadgets can't have bitcoin.

giorgos420

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No , having paper money is just for your daily needs only and that won't give you any money profits from it.
The things you've to do right now is investing in Bitcoin immediately or you'll be regret.

Pier7

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Bitcoin is not yet widely used and accepted, it is still new and only the techie people knows it well. It depends on what you want to use it for, because only a few merchants accepts bitcoin. The good thing about bitcoin is that it is transparent to government and difficult for them to control and access it. Some people look at it as an investment, a way of getting wealthy fast, but while it may be profitable, it is a commodity and can go down in value as easily as go up.

Radio-Active

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Quote from: squatz1 on January 04, 2018, 03:10:31 AM

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.

bitcoin fee indeed not cheap, but it is still better than paper money i guess.
if you want to pay with crypto but less fee, try other altcoins. They have less fee than bitcoin.

drukoz2

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I do not see anything wrong with having an investment in bitcoin and in parallel to invest their money in something else, more stable. Bitcoin is profitable.

Borisov

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For all the time that I try to make money on cryptocurrency, I understood one thing. if you do not know how to trade on the stock exchange, then just keep and do not sell, very soon cryptocurrencies will be in demand.

alisaserdceva

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Now they are threatened with closure if they do not follow the recommendations of the state. Hostility towards Bitcoin is quite understandable, the US is afraid of money laundering and all sorts of frauds.

gaurav82

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Its all depend on your uses. Bitcoin is decentralise currency and easiest way to online payments and has good growth in future. Paper money use to fill daily needs.

roshanface123

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I'm also agreeing with your argument, but in my opinion, this depends on the currency of each country.As per the Indian currency, the USD value difference is the main profit for the Indian bitcoiners.

weblouartisan

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Quote from: matuson on March 07, 2018, 05:17:51 AM

Quote from: JerryJam on March 07, 2018, 05:05:30 AM

Not many people today know about bitcoin. Especially the older generation. For them it is something distant and incomprehensible. Not everyone has the opportunity to mine bitcoins. For them, paper money is still a priority. Why, for example, the US does not use the yen or the Euro along with the dollar. That makes no sense. That would weaken the country's economy. Cryptocurrency is not able to completely replace paper money. In contrast, it does not have a valid value. Paper money is protected by banks from depreciation.

I disagree with you. Paper money has long to be eliminated. But they are beneficial for corrupt officials and for this reason remain in use. Many opponents of bitcoin talk about its anonymity and the possibility of being used for criminal purposes. But they do not say that you need to start fighting with cash. Bitcoin cannot replace national currencies, but it can and should be used as an asset for savings. It's easier than keeping money in banks.

You are right, those governments are really stealing a huge amount of money on their people and they are in a huge advantage for us because they all have access on our banks and they can monopolize the system as well for their own interest's good thing is that cryptocurrency does not have tax.

queenhallmark

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the answer is that it cannot be debased, nor controlled by any person or privileged group of people. It is money that derives its price from the market (voluntary exchange) instead of by coercion and force. Thus, it is both a better store of wealth, and also more ethical, transparent, and honest.

joshua05

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Bitcoin is a currency of money in exchange of paper cashes. Its only a internet banking currency which is very notable on to any other sorts of coins, only produced and organized to inherit the exchange machanism of doing works.

jakoylantern

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For me, you still need to use paper money or real money then bitcoin. We all know that bitcoin’s acceptable is ever low comparing to the real money. Also, you still need to convert your bitcoin, or you still need to cash out our bitcoin to use it for your daily expenses, I know that you can’t use your bitcoin to buy some things in the store or supermarket. But the good thing about bitcoin is you can use it to purchase or transact with anyone that using it anonymously.

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