Why some people prefer Bitcoin over fiat ? - page 12.

cryptomato

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Quote from: SixOfFive on December 27, 2017, 05:32:38 PM

BITCOIN is tax-free, anonymous, and transparent. Moreover its price is rising day by day. So if you take $100 BTC from someone for some service it might inc to $125 in just a week. So it is also an investment with the mode of payment.

It seems like you confused the question. Question is not why people prefer bitcoin over cash. Whatever you count is valid for many cryptos. I guess answer is about risk taking. Alt coins has more risks at the moment. You can have 10X of your money or you can lose same amount. That would not happen bor btc.

Xiomara

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The most ardent supporters of Bitcoin are revolutionaries. Some people hope that people will get up and choose Bitcoin instead of traditional banks.
For these revolutionaries to get what they want that people lose faith in banks and move to Bitcoin the economy of our world should collapse. If this happens, people will lose their homes, work and, perhaps, life. There are very few active revolutionaries ready to make such sacrifices.

haster100

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I do not use Bitcoin for drugs, pornography or any other, but I use it for 2 reasons. At first it's my money, and no one controls it. And secondly, it is also an investment (which is now going up)

8Habits

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Quote from: Rosilito on December 30, 2017, 06:09:37 AM

Well, a downside of bitcoin being decentralize. And also probably the main reason why some other countries ban bitcoin. This may also the reason where bitcoin value goes up and sometimes goes down. By that reason bitcoin needs to be regulated by government for it to be monitored where bitcoin will be in good use. I do not know something about fiat but I do know somehow of it. Well, most of the people prefer more to bitcoin than fiat is because bitcoin value is pretty more higher than fiat, bitcoin is not as complicated than fiat I guess. And they do not know something about fiat well they may know few things about it better than bitcoin I guess.

fiat is your current money that you are holding right now. Regarding the government regulations, well, bitcoin was made to be a revolutionary against the current fiat money and is a good alternative to do online transactions without any government interventions.

Rosilito

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Wish for the rain? Then deal with the mud too.

Well, a downside of bitcoin being decentralize. And also probably the main reason why some other countries ban bitcoin. This may also the reason where bitcoin value goes up and sometimes goes down. By that reason bitcoin needs to be regulated by government for it to be monitored where bitcoin will be in good use. I do not know something about fiat but I do know somehow of it. Well, most of the people prefer more to bitcoin than fiat is because bitcoin value is pretty more higher than fiat, bitcoin is not as complicated than fiat I guess. And they do not know something about fiat well they may know few things about it better than bitcoin I guess.

evader11

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Hexhash.xyz

They preferred bitcoin over fiat because they can easily access the money especially when transferring it to another bank account. They easily pay the bills in online shopping when buying things.

d1ceplayer

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Quote from: Opekin on December 22, 2017, 07:51:56 AM

Quote from: malekbaba on December 22, 2016, 04:57:22 AM

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.

It is very disgusting that people who are involved in bitcoin use it as medium to illegally transact under the table. But let us also try to see the good side of bitcoin that makes people choose this. Bitcoin is hassle-free and very convenient for country to country transactions. Also, this is very applicable to what we call the post modern generation where almost everything is being done in just one click. As for fiat, their are rules there that make as transaction more complicated, more fees charged and people to talk to.

Most people preferred bitcoin over fait. And they are those people who are the owner of bitcoin. They preferred it because bitcoin give them more profit as compared to fait money. Bitcoin find more easiness in their life. In online shopping bitcoin is most suitable as compared to fait money.

It give them a sense of freedom and a sense of tax free finance. People preferred bitcoin more over fiat because of there properties.

rickn

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Some people prefer crypto because they are more flexible to use, you do not depend on a bank and of course you can get a good profit by investing in the crypto market

machinationus

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Some people prefer the local currency instead of cryptocurrencies because fiat is much easier to spend and use. For me, cryptocurrencies are much safer and offer more opportunities than fiat money. I dont know, just my opinion

@alaji

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Bitcoin is never made to be used negatively but it all depend on the user or the owner. Bitcoin made it easy for transfer of fund may be that is why it is rampantly used for things like that. Fiat are also used negatively. It all depend on which give a fastest result as demanded.

steven.spearman

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Those who use bitcoin for gambling, buying drugs, and other negative things are evil people. Do not imitate them, there are still a lot of bitcoin users who are really good. They donate the proceeds from bitcoin to donate, then why are you still confused?

Sean25pogi

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Fiat money are the money recognize by the state or the legal tender. Many people prefer bitcoin since its value fluctuates in the market and these past few days the market value of bitcoin is rising from this they earn instant income without spending too much for it which the fiat money does not have.

MadaraAvenger

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I think most of them understand the real potential of cryptos and they know that fiat is having a slowf and painfull death. SO yea , I think most of us will move into cryptos when blockchain tech will be 100% complete.

MS.LAWLIET

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Quote from: justspare on December 28, 2017, 07:54:01 AM

Quote from: AriannaSantosUU on December 19, 2017, 07:27:07 PM

Well, bitcoins are pieces of digital code and decentralized information. Bitcoin are not being debased now or in the future. The skill set of a Bitcoin makes them the most versatile currency in the world.

People are preferring because they all want to earn money and bitcoin is the best fit way to increase your money and all this shows that people are now much curious to make money and alts have no such feature to increment its own value but bitcoin has all those features which can give a lot to the people as well as whole mankind still many people don’t believe in bitcoin and they will regret in future and will cry over thrown milk.

Some people prefer bitcoin than fiat because there is a lot of advantage in using bitcoin. Bitcoin can be used in different country who accepts bitcoin without convertion unlike in fiat you have to convert it into their currency also the transactions in bitcoin is a lot faster and easier than in fiat you can directly it to the company or other businesses. And also you can carry a lots bitcoin in any place unlike fiat.

terzy

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Bitcoin transactions are anonymous and there is no third party that can, in any way manipulate with your transaction. Features like anonymity, availability, security, faster transactions, control makes Bitcoin popular.

poochoorookooy

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Quote from: ralle14 on December 22, 2016, 05:18:30 AM

Some people prefer bitcoin over fiat because on some places bitcoin is tax free. I guess it's not bad to use bitcoin for something as long as you're not breaking any law/rules from your place. There's much more misuses of btc but if we continue this discussion it's getting kinda off topic when the title is about bitcoin and fiat.

I think those people are part of the newer generations that are so used to a cashless society. You know, those who have cards and plastics on them most of the time instead of cash. I think many prefer cryptocurrency or a cashless market because it's easier and more convenient, plus it is safer because you actually don't have to bring large sums of money to buy or pay for something. Also, the transactions are not limited in your locality because you would not need to hand your money over. For crypto transactions, every part of the world is reachable.

justspare

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Quote from: AriannaSantosUU on December 19, 2017, 07:27:07 PM

Well, bitcoins are pieces of digital code and decentralized information. Bitcoin are not being debased now or in the future. The skill set of a Bitcoin makes them the most versatile currency in the world.

People are preferring because they all want to earn money and bitcoin is the best fit way to increase your money and all this shows that people are now much curious to make money and alts have no such feature to increment its own value but bitcoin has all those features which can give a lot to the people as well as whole mankind still many people don’t believe in bitcoin and they will regret in future and will cry over thrown milk.

Maslate

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Message @Hhampuz if you are looking for a CM!

Quote from: SixOfFive on December 27, 2017, 05:32:38 PM

BITCOIN is tax-free, anonymous, and transparent. Moreover its price is rising day by day. So if you take $100 BTC from someone for some service it might inc to $125 in just a week. So it is also an investment with the mode of payment.

Bitcoin itself is tax free but our transaction is subject to taxation, if the law required us to pay in the event we make money then we should
pay taxes. It's very important to fully understand the government will regulate bitcoin no matter what, they have the capacity to do that so we can expect if we are not regulated now, soon it will happen.

maulana rifai

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Quote from: ibhk on December 27, 2017, 01:28:17 PM

Bitcoin is a form of crypto currency so people prefer to use it on online transactions where there is internet means. In the world of technology it does not depend on tangible material like fiat. So no doubt that bitcoin prefers such transactions. But there's something pretty pertinent about bitcoin that has a future where people are looking for developments for them to invest and generate more for future goals. So as traders and investors choose to use bitcoin in transacting.

yes I agree with your opinion that is so good. In addition, Bitcoin continues to show an increase in bitcoin prices. All that will affect many people to hunt for bitcoin and want to get double the profit from the previous price.

SixOfFive

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BITCOIN is tax-free, anonymous, and transparent. Moreover its price is rising day by day. So if you take $100 BTC from someone for some service it might inc to $125 in just a week. So it is also an investment with the mode of payment.

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