Why some people prefer Bitcoin over fiat ? - page 17.

DRVX

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Quote from: ardhigalau on November 29, 2017, 05:37:45 AM

Because bitcoin is very practical, more expensive than money, and a high level of security makes me choose bitcoin as a transaction tool. But I save more for future assets.

Those people, who regularly make online transactions, buy and sell something in internet, help their relatives living in the other countries materially, prefer to use Bitcoin not fiat money as they avoid commissions and save time during transactions.

Bosx1ne

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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.

Many people prefer bitcoin over fiat because of the benefits that the people can get from the bitcoin. If you will observe our society, many people are now starting to adapt and buy bitcoins because of its advantages.

Blackwhite69

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Quote from: Twentyonepaylots on December 01, 2017, 09:23:58 AM

well because bitcoin gives such minimal hassle to people rather than fiat, because bitcoin just stays in your account and the transactions are also less hassle because you can do it in your phone or computer, eliminating the need for falling in line just to pay some bills.

This is a very popular person with transaction costs that are not too much trouble to send to every part of the country. Wink

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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.

Because many people see’s the potential of bitcoin in our society. With the help of bitcoin it is not just a electronic currency that you can use in commercial trade but they be able to help you in a such way of putting your money in a cycle by generating passive income without exerting too much for it.

Twentyonepaylots

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well because bitcoin gives such minimal hassle to people rather than fiat, because bitcoin just stays in your account and the transactions are also less hassle because you can do it in your phone or computer, eliminating the need for falling in line just to pay some bills.

Naoko

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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.

patchot

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The transaction in Bitcoins occurs almost instantly.

Bitcoin Network is Secure and very very strong, you control your coins and you keep them all at your disposal all the time. Removes the trust factor.
You pay a very small amount of fee for any transaction.

Bitcoin rates against fiat currencies worldwide fluctuates a lot and the profits (and losses) could be very dramatic very soon.

Bitcoin price factor are universal and it is same for anyone. Same for you and for anyone anywhere else in the world.

Bitcoin transactions are anonymous and there is no third party that can, in any way manipulate with your transaction.

Features like anonymity, security, control, faster transactions, availability, universal nature makes Bitcoin popular among people.

ardhigalau

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Because bitcoin is very practical, more expensive than money, and a high level of security makes me choose bitcoin as a transaction tool. But I save more for future assets.

hxk451

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Online market represents around 15% to 30% a few organizations deals as of now since they make as a rule a considerable measure advancements over web BTC is a computerized coin, which influences it to culminate coordinate since you can utilize it to shopping a similar way in the event that you were utilizing a charge or Visa, the main issue yet is the vendors in the general aren't yet working with it. Other than those a few people are moving their reserve funds into BTC because of its capability to get an incentive after some time and instability.

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Quote from: Mumbeeptind1963 on November 28, 2017, 10:51:02 PM

Quote from: 10yearsolder on November 24, 2017, 09:27:07 PM

Quote from: ubay on November 21, 2017, 01:16:31 AM

Because bitcoin does not require an intermediary like fiat, it can run itself on blockchain. The sender and receiver are the full holder of the bitcoin, plus the bitcoin security level is very strong.

That is perfect. With Bitcoin, we are totally free and on our own. With fiat, we are actually under the rules and regulations of the central bank and other banks and the government. Bitcoin is giving us a certain level of freedom. In terms of security though there are still risks as hacking is a very strong threat for now. But let us just practice high level of caution in our transactions as well as in sharing some wallet info.

Because bitcoin is so much higher value than fiat, and interms of transaction bitcoin is much safe, secure and fast. Maybe why some people prefer to use bitcoin over fiat because it is reliable and growing.

Bitcoin is very transparent due to the public ledger that a transacting party can be considered as a contract.
People who likes transparency should choose bitcoin because you are in control of your money unlike banks when they can see your transaction
and might hold your money.

leisha

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Bitcoin is a popular currency all over the world. It can be use in different transactions all over the world. It has a high and increasing value. These are just some reasons why some people prefer bitcoin over fiat. People wanted to hold their bitcoins to earn more compared to fiats, even they hold it, it will not increase just like bitcoins. They also think that it can be an easy and simple way to do transactions. It can be secured because most bitcoin wallets are ensuring their securities. Living in a digital world makes works digital.

Mumbeeptind1963

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Sovryn - Brings DeFi to Bitcoin

Quote from: 10yearsolder on November 24, 2017, 09:27:07 PM

Quote from: ubay on November 21, 2017, 01:16:31 AM

Because bitcoin does not require an intermediary like fiat, it can run itself on blockchain. The sender and receiver are the full holder of the bitcoin, plus the bitcoin security level is very strong.

That is perfect. With Bitcoin, we are totally free and on our own. With fiat, we are actually under the rules and regulations of the central bank and other banks and the government. Bitcoin is giving us a certain level of freedom. In terms of security though there are still risks as hacking is a very strong threat for now. But let us just practice high level of caution in our transactions as well as in sharing some wallet info.

Because bitcoin is so much higher value than fiat, and interms of transaction bitcoin is much safe, secure and fast. Maybe why some people prefer to use bitcoin over fiat because it is reliable and growing.

RaymanC.

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People prefer to use bitcoin rather than fiat because of fast transactions of payment system online and is very convenient to use. The use of bitcoin surely be a future of currency in the future years of digital currency and those features will really influence people so much. As the start of 2017 in january until present, bitcoin performed well and that gained more positive impressions in all who adopts this currency to be much profitable than fiat.

BitcoinSniper

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I think that you are not seeing the bigger picture here. You think that bitcoin is popular just because you are in this forum. This is what you see and maybe your friends are also using bitcoin. But at the end of the day, there are millions of Amazon users, eBay users, and all the other famous online shopping sites out there and they all use Paypal. Paypal is still the leading payment method and people have already become confident using it. Bitcoin is a little too advanced for the mainstream people today.

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BITCOIN IS THE CURRENCY OF THE GLOBE

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.

With Bitcoin your wealth cannot be trace or quick notice in the real world,as you own your private key,with Bitcoin you access what you want easily without any barrier relating with international laws.

Bitcoininvestment

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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.

People prefer vitcoin over fiat because bitcoin is increasing each of the day so that it helps people to earn a lot. Also the calue of bitcoin is much better than fiat. There is a lot of profit that can get here in bitcoin.

monika27

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I think most of the people used it for business purpose rather than for online selling and purchasing

osasshem

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Quote from: btcprospecter on November 27, 2017, 04:28:20 AM

Bitcoin at times is used for the wrong reasons but the reason it is used for illicit purposes is that it is anonymous. It is moving away from being a day to day currency to a store of wealth which will bring its own problems.

Yes I agree with you, because the higher the price goes, it becomes more expensive and can be used for multiple things with a little quality of bitcoin. When it becomes a store of wealth, its expensiveness will be less looked at and used for anything Undecided

Bitcoin is more preferred over fiat cause it is decentralized and can be used by anybody anywhere.

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Bitcoin at times is used for the wrong reasons but the reason it is used for illicit purposes is that it is anonymous. It is moving away from being a day to day currency to a store of wealth which will bring its own problems.

diegodos

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Bitcoin offers a large number of possibilities, most of which is anonymity. Many stores/sellers are already trying to implement it as a payment system, there is also a Bank card with bitcoin, when you pay in store, cryptocurrency exchange it for the currency of the store and takes payment. For bitcoin future.. definitely!

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