Topic: Why I would rather have paper money then Bitcoin - page 4. (Read 1349 times)
Well, it your own choice and no one force you to use bitcoin, if you think it's not or you and you have a hard time to it then it's okey. We all know bitcoin's price value is fluctuating meaning it's uncertain and if it brought you fear then there nothing bitcoin can do for you, you just have to accept the reality.
Holding fiat or crypto is a matter of preference and choice. I understand the issue because there is no mass adoption hence it can be frustrating to use your BTC in certain situations without converting to paper money. However, you can have some for trading and as an investment and hold fiat for everyday use.
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.
Fiat money is being used by everybody in our everyday life for transaction, bitcoin is an alternative payment method for sending/receiving transactions online and still only few know how to use it. Bitcoin can be use for a long term investment by just holding it in your wallet unlike fiat money which is fix value.
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.
For payment purposes and easiness then you are right. Bitcoin is too complicated to use to nost people. But atleast in my country we have our own local exchange so that we can convert it to fiat as easy as you might think
And one thing to remember, bitcoin is money too. You can buy anything with it eventhough some requires to be converted to fiat first
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.
Fiat money is easier to use in everyday transactions. If for the reason of daily transaction convenience, fiat money is the best, but when it comes to profit, bitcoin is the best of fiat money.
Paper money is for everyone- wherein bitcoin is a digital currency that can be used for bitcoiners transaction ( bitcoin to bitcoin users only)
I am favor with this one, since not everybody knows bitcoin already, still paper money is preferred especially in our country. Bitcoin is just next because paper money is more available to use rather than bitcoin.
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.
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.
If you want to have stability, currency you can easily spend, no problems with withdrawals, exchanges and so on - ofcourse the FIAT currency would be better. The Bitcoin seem to go up and down all the time. Today you can buy a car for bitcoing, tomorrow only half of it.. But generally, you can put some part of your money just as long-term investment. Every year it beats new records in value, usually in autumn. The easies way is to buy after winter-fall and sell in autumn (as a simpliest strategy). Ofcourse holding most of your money in bitcoin is a very high risk.
Yes, I do not know, I think it's more pleasant to use the digital currency and it's more convenient and brings the luggage of relaxation without being confused with different currencies.
Bitcoin is not for everyone and for that reason a true mass adoption is under big question.
You can use Bitcoins in your everday life as easy and convenient as any fiat currency but you have to know how to use it and know the mechanisms that could make this easier, like Bitcoin debit cards. Knowledge and informations are very important for every Bitcoin user.
You can use Bitcoins in your everday life as easy and convenient as any fiat currency but you have to know how to use it and know the mechanisms that could make this easier, like Bitcoin debit cards. Knowledge and informations are very important for every Bitcoin user.
I agree. Knowledge on how to use bitcoin for everyday uses with minimal fees is not available to most of us. or rather we just don't know as of yet.
And mass adoption of bitcoin is still under questionable grounds.
And so many still prefer to use paper money, even I share the sympathy of OP.
And even if we have bitcoin debit on hand, local markets do not support it. for now.
If one day, BTC can be as convenient as mobile payment, then its value will be huge.
Just as everyone stated bitcoin is not for the masses yet. Even though bitcoin is popular it is not enough to reach all of the people. A lot of people has not heard and does not know of bitcoin. Until bitcoin becomes widely accepted, people would still prefer fiat because it is widely accepted and adapted by most people around the world.
Cash is still king. No doubt about it. But bitcoin is the thing of the future. A few years from now, our options when purchasing something will be paper, plastic or crypto.
Yes, Bitcoin can be said to be the future currency, and banknotes must exist in a country. However, bitcoin is not completely covered now, so people are more likely to pay cash than bitcoin.
Cash is still king. No doubt about it. But bitcoin is the thing of the future. A few years from now, our options when purchasing something will be paper, plastic or crypto.
Fiat money system is really hassle free and very flexible in payments and transactions unlike bitcoin. Yes, bitcoin have some its good traits like being untracable but it's fees are too high
Every currency system has some advantages for the people and at the same time they have certain limitations as well. The major disadvantage of fiat currency system according to my opinion is that it has more time wastages in processes globally as well as locally. World is getting competitive day by day, so it is better not to waste time while standing in the queue and do something productive in that time and that’s what bitcoin is offering.
In fact using paper money much more easy than crypto
Paper money exists for a very long time. Cryptocurrencies is a relatively young market that has many problems to overcome. In a few years, he can become a serious competitor in payments for fiat currencies.
it's easy, it's because in our real life, we still use paper money to buy something and we still have paper money in our wallet. but if in the future, bitcoin become legal and there are many stores offline and store online accepting bitcoin then maybe we will also use bitcoin and I think it will be saved for use bitcoin. and I think this is what happens in another country which bitcoin is not already accepted as a new payment.
I think it's right because we really need a paper money so we can use it.
to what extent and when it comes to emergency we can use it immediately.
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