Topic: Why some people prefer Bitcoin over fiat ? - page 16. (Read 58499 times)
Actually it's not problem of bitcoin growing! bitcoin is a digital currency you can use it anywhere easily. but bitcoin not responsible for it's misuse.
I can see Bitcoins being misused going forward
Maybe people choose bitcoin because of its decentralized nature. Bitcoin can be used anywhere and anytime. Bitcoin is also not taxable. Bitcoin is also not tied to the bank.
Bitcoin is tax free and has many advantages. You can pay various product anonymously and many use it for their own desire. Bitcoin has less restriction than fiat but that doesn't mean bitcoin is all bad for the future generations.
That's one reason for investing in btc
My reason is bark use of bitcoin.
you can use it in porn, crime, weapons and can buy without pay tax so that governments ban bitcoin and people prefer fiat
you can use it in porn, crime, weapons and can buy without pay tax so that governments ban bitcoin and people prefer fiat
The difference between fiat money and bitcoin is that in bitcoin when you exchange your fiat money to it, you could assume that you just invested your money. That is the difference. Fiat money cannot increase your money itself but when in bitcoin, your money could increase more.
Some people prefer bitcoin than fiat because bitcoin is decentralize and bitcoin is easy to use in any online transaction rather than fiats. Bitcoin also is getting popular to some, that's why some people that do not know anything else about bitcoin will curioused too. Then, maybe some time they choose bitcoin over their fiat.
Everything has two sides and Bitcoin is not an exception. Because Bitcoin is not controlled and it is anonymous, therefore many crimes use it for drugs, porn, money laundering. However, that can't negate Bitcoin has many advantages in the economy. And the investors will continue invest in it.
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.
Just need more merchants to wake up to the fact that they can sell products for bitcoins. Can buy Real Estate with BTC. Check this out can buy a beautiful luxury beach side condo in Pattaya, Thailand starting at 5BTC. http://en.tiproperty.com/for_sale/details/bang-saray-beach-resort-condominium-condo-for-sale-in-bang-saray-pattaya_9668
Fiat is needed now only to pay for food and stuff. bitcoin is a means of investing
I think the first reason why people prefer Bitcoin ober fiat is because of the value of Bitcoin. As what you have said, Bitcoin is means of investing, well its high value is really a good investment right now compare to fiat. The value of fiat is not increasing unless you'll deposit it to bank;but even you deposit it, it will take time before it increases.
While there are people who are dying in a regular job for a fiat currency and there are some people who sell all what they have just to invest in some Bitcoins may be some 10 to 12 BTC they will get but why they are so focused in Bitcoin, You can say may be it is greed but Greed is good unless and until the price is hiking like Tenzing Norgay in Mount Everest.
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.
Thats true , I think bitcoin is very accountable and accessible in which teenagers can be profitable here unpike in the centralized platform that you must have the consent of your parents, and I think also the fact that you can have a double amount of money here without giving some at the first place.
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.
people prefer to hold bitcoin because bitcoin is better than fiat money bitcoin is more value and more profitable than fiat and i think people want to get more money in the future because the value of bitcoin is not stable it is always increasing.Bitcoin is easy to use but the fee is very high, in addition the price is volatile and it might cause panic to those who does not understand its nature.
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.
people prefer to hold bitcoin because bitcoin is better than fiat money bitcoin is more value and more profitable than fiat and i think people want to get more money in the future because the value of bitcoin is not stable it is always increasing. 
I know bitcoin has great potentials and I also know that there are some bad user of bitcoin like any other currency. But my point is, those bad users are a lot in number. I have seen thousands of posts and comments regarding uses of bitcoin in porn and gambling. You can find it in this forum with minimum effort too. And as bitcoin is not globally adopted, those users really play great impact on impression of btc, I guess majority of usage people get from bitcoin is only as an investment and for trading. then the second place is for payment and third with close rank is gambling. the rest are a relatively small in percentage.
I feel like the ones that adopted bitcoin first are the ones that are in need of money or basically the ones that are looking for making money from the internet be it an investment or some active income. I think that the people that are doing well with their lives just carried on with their usual life when they heard about bitcoin and the good things about it. People are generally skeptic about things on the Internet especially when they talk about money. The majority of bitcoin users are here to make money, even the ones that are at the top of the chain. Everyone is here for investment. Some people might not have any money to invest but they did invest their time and effort to make money from bitcoin.
The "bad" users that you are saying in the bitcoin world will never cease to exist just like how criminals will never cease to exist in real life. I believe that the world is balanced. While there are people doing good to other people, it's counterpart will be there will be bad people doing bad things.
The best reason for choosing bitcoin over fiat is that there are no problems with it. You can earn more with bitkoin not only because it's value varies faster than fiat, but it doesn't have a tax. With bitcoin, you can save money, because you can have a wallet where you can pay, buy or even convert it if you need money.
many people start trading their dollars into bitcoins for a variety of reasons, such as tax evasion, for profit, for future investments and so on, but I rarely find people using bitcoin over fiat because they are more comfortable using bitcoin to pay for something? I think for now many people still prefer the fiat for the reason of paying for daily necessities,, 
I did say that there is almost nothing that has an advantage and that will also not have its demerits. The said abuse of Bitcoin on porn, gambling and drug purchase isn't something new. I believe you can always do same with every fiat in respective countries. The now choice of Bitcoin in purchase over fiats is more of secured identity; you not being able to trace the buyer of the product mentioned. And also, you ain't restricted to the volume of trade you want to do.
I know bitcoin has great potentials and I also know that there are some bad user of bitcoin like any other currency. But my point is, those bad users are a lot in number. I have seen thousands of posts and comments regarding uses of bitcoin in porn and gambling. You can find it in this forum with minimum effort too. And as bitcoin is not globally adopted, those users really play great impact on impression of btc, I guess majority of usage people get from bitcoin is only as an investment and for trading. then the second place is for payment and third with close rank is gambling. the rest are a relatively small in percentage.
bitcoin is really best for investment and not on buying little stuff due to its corresponding transaction fees. Better only use it if you are buying for a bulk amount of things that you like having and the merchant of that are accepting bitcoins.
I know bitcoin has great potentials and I also know that there are some bad user of bitcoin like any other currency. But my point is, those bad users are a lot in number. I have seen thousands of posts and comments regarding uses of bitcoin in porn and gambling. You can find it in this forum with minimum effort too. And as bitcoin is not globally adopted, those users really play great impact on impression of btc, I guess majority of usage people get from bitcoin is only as an investment and for trading. then the second place is for payment and third with close rank is gambling. the rest are a relatively small in percentage.
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