Topic: Why I would rather have paper money then Bitcoin - page 8. (Read 1349 times)
some prefer paper money and others prefer bitcoin, For those who are afraid to loose money and do not want to take risk, they will prefer fiat because bitcoin has a fluctuating value and anything can happen in an instant. They think that there are more risk to it and they might end up bankrupt, but what they don't know is how big the potential of bitcoin is.
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.
Paper money and cryptourrency both of them are useful at Thier place , at one side bitcoin like cryptourrency are better for passive income and at another side cryptourrency have problems of confirmation of the transaction and can be handle only in online .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.
Similarly we can take many factors in favour of cryptourrency and in Fiat .
Here no doubt that if we will have cryptourrency then we have better economical life and at another side if we wil have Fiat then that can be use in offline at every place but everywhere we can't use cryptourrency Because only a small population is using bitcoin like things .
But most of the favourable conditions is going with the bitcoin Because with bitcoin our earnings increasing , and if you will ask about the fee system then I don't think that there is anything big Because we have many options to down the fee like to use segwit wallet .
That might be true for now, but once majority will adopt and embrace cryptocurrency, those problems that you have mentioned will not be a hassle anymore. High transaction fees? It will be minimized soon or may vanish in fact. Hassle transaction? It won't as long as internet connection will be improved.
Dude don't worry about it too much. You should just invest a small of (paper money) to cryptocurrency and forget about couple years. That would be the best advice that i could give you maybe you'll be holding your new house's down payment! You will not be regret it 
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.
The reason why people are investing on cryptocurrency is because they are all hoping to earn profit when the value of their coins will increase on the market. There is no reason for you to invest on bitcoins if you are wealthy since most of the people are turning into trading because they earn more profit in this kind of industry.
The most important feature of a currency is that it be a stable store of value. Paper money has its own advantage,bitcoin is less effective for micro-payment, bitcoin is more suitable for investment and commodities.
We are free to use what is more convenient for us and if you think paper money/fiat is way better for spending than any cryptos then so be it coz we are not oblige by anyone to use it as currency or as an asset. The unstable price is also the reason why majority of users are treating it as an investment opportunity although it was not design for that purpose. Currently I think btc is not effective as currency because of the high fees and slow transactions that we are encountering and it should be resolve first if lightning network implementation is already present.
For me if you would rather have a paper money than Bitcoin because it is not risky if you have paper money you can have it and hold it and you can save it rather than Bitcoin that is not stable because of its price that is so risky it go up and down its value Bitcoin is too risky than paper money ofcourse Bitcoin can go dump it can have no value than paper money it is so stable you dont have to panic because it is not unstable.
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.
The thoughts you say are the same as others think. Paper money (fiat) is definitely something everyone has, another thing with bitcoin that maybe only 7 out of 10 people own and use it. In fact, although bitcoin prices are higher than banknotes but in terms of their use are still inferior to paper money. The reason why it happens because bitcoin is still digital money and to do transactions must go through various processes, especially for the payment of daily necessities such as food, drinks, clothes etc. It's very difficult to pay it using 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.
The general acceptance of bitcoin by majority of the population is,i believe, the biggest factor why fiat money is better than bitcoin. Also the main reason why bitcoin cannot go mainstream. 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 indeed stable in price unlike crypto. but i think crypto has many advantages,
that fiat currency doesnt have. i prefer crypto than fiat.
that fiat currency doesnt have. i prefer crypto than fiat.
Very interesting discussion, and the arguments actually reflect on the validity in terms of whether or not the BTC is accepted in particular places. Is it not true? that in the back of your mind, a shadow of doubt is lurking, doubt that coincides with the unstability or uncertainty of the BTC and the cryptocurrency realm? and this would all be linked with whether or not majority of the population, particularly the proper organizations and authority and how they treat BTC. So part of this premise would include the acceptance of the BTC. Because if its entirety (the BTC), is accepted, all its aspects, like being accepted as a currency (features of a FIAT), then you would prefer both. Good luck, I hope you will find the right currency for you, in relation to the level of acceptance.
There is really no other way to replace paper money with bitcoin or altcoins. We can use cash right away if we need something to buy or do transaction with. Digital currencies are use for our convenience or can give us additional earnings. This is its purpose.
Same with me. I rather choice paper than bitvoin even though bitcoin is really big help for me. Bitcoin is an invest that can make your profit grow in just a month or a year. But certainly ypu can use it in a mall or buy some food. But there are store accepting bitcoin. But in our country not yet. But hopefully it will.
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.
$100 in your pocket or bank account a years ago would be worth $97 today. $100 five years ago is worth about $75 today. Even with interest on bank deposits, it largely does not keep up with the inflation rate.
Now how much would that same $100 in bitcoin 5 years ago be worth today? I haven't done the math but I'm sure it would be some serious change. Bitcoin gains might be decreasing percentage-wise as time goes on, but far outstrips value of fiat/paper currency. I'll hold on to my Bitcoin.
It is normal to value paper money rather than crypto since we use it everyday that is why crypto people consider crypto currencies as their investment and not for daily use because of course of the high fees. Since this thread was posted a month ago already, there were changes on the fees recently and it was much lower cost as far as I know unless there'll be some traffic again in the blockchain which means increase in the transaction fees. Let's just face the fact the crypto is more profitable than investing your fiat on banks, mutual funds and time deposits so if you value fiat feel free to invest it somewhere else that you're sure to earn just don't expect high returns that crypto can give you.
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 better think that bitcoin is investment instrument. Paper money is for transaction in daily basis is I think its very different for me. For daily transaction, off course better using paper right now, but for investment bitcoin last year give more than 1000% gain.
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.
We should accept the truth that paper money is the most convenient to use than Bitcoin in which we could use it instantly anywhere in the community unlike Bitcoin in which we could only use it in the establishment that will accept Bitcoin and it will need the power of internet in every transaction. For me, Bitcoin is just for investment only so that we could earn more fiat for our future spending.
You must have a paper money rathrer than bitcoin because it is more convenient than digital currency like bitcoin because every where you can use paper money and bitcoin you can only use on selected online shops and for purchasing selected items only. But practically speaking if you have a paper money that is great. But when you have bitcoin it is much better than paper money when we talk about value you have more advantage in terms of bitcoin. We do not have to choose between paper money and bitcoin when can you have this both on your own hand.
Bcos in my country is still use reg and paper money so I change btc to reg money
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