Topic: Why some people prefer Bitcoin over fiat ? - page 19. (Read 58499 times)
people prefer BTC because BTC is much more safer than FIAT. Fiat has an inflation, centalized goverment that controls and prints it, BTC don't have it all, and it can't be printed by anyone, it can only be mined.
Bitcoins have no middlemen meaning bitcoins are decentralized. No government or country owns all the bitcoins. Bitcoins have little to no transaction fees compared to fiat money. Bitcoins are untraceable and hackers can not follow your bread crumbs making bitcoins unhackable.
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.
for me i prefer bitcoin rather than fiat.
because it is a better form of savings.
despite being volatile bitcoin is very beneficial if you will invest on it for a long time.
youre money will yield something through bitcoin...
unlike with saving purely money....
because it is a better form of savings.
despite being volatile bitcoin is very beneficial if you will invest on it for a long time.
youre money will yield something through bitcoin...
unlike with saving purely money....
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.
Hi there malekbaba! Indeed some people use the bitcoin as a currency for purchasing illegal stuff. But I think that market fuel the bitcoin which bring it to the people and government spotlight, I’m referring to the Silk Road marketplace. Based on my readings, Satoshi aim to make the currency uncontrollable by the government or private company thus freedom to use it in an unlawful way takes its place. This is the curse of freedom just like what happen to the internet, it is also developed for the good and advancement of humanity, but evil works always take their place.
I don't think so, you don't need to possess a college degree to use Bitcoin. You just need to be technically inclined to be able to transact using your Bitcoin pocket book. Also when it comes to buying and selling even educated people generate losses with Bitcoin, understanding is not enough that you should revenue in trading occasionally you need other things such as persistence to have the profit you want.
Actually nobody really 100% use Bitcoin and never use Flat. You imagine, in this world not all places of sale and purchase know Bitcoin and if you shop at traditional markets, you still have to use Flat. For some people who have a lot of money, aka the rich, choose to use Bitcoin as a transaction tool because it is easy and only need to scan the existing QR-code. For example like in restaurants, hotels, supermarkets, and even now there is Bitcoin ATM.
For some people again, the poor and the middle class, will use Bitcoin as an investment tool only. That's because Bitcoin's price is rising and we need to take advantage of it to improve our economy.
Probably the inflation is one of the best reason why people prefer bitcoin over fiat. The reason is doesn't matter, the most important thing is the price that increase.
In some countries, the devaluation of the currency is very strong, and even worthless, and the good use of bitcoin can help the country.
Features like anonymity, security, control, faster transactions, availability, universal nature makes Bitcoin popular among people.
I think that is the way they now how to earn more money, the more it's illegal the more they will earn money and many people always wanted to earn a lot of money even the way of getting it is by gambling they will try it and who suppose to know that can track them, bitcoin is decentralized so they gonna pursue what/where they want use it.
All people want easy money. Investing in bitcoin brings a high income. I am among such people
I'm not really surprised that some people prefer to use Bitcoin over fiat. Bitcoin is much faster, safer and more anonymous when it comes to international transfers and the most important: such transactions are available 24 hours a day unlike conventional banking in my country. I wouldn't use Bitcoin for small payments because they are too slow for that.
Yes, don't use bitcoin for small payment because the fee is still the same whether small or big transaction. Better hold and invest only to accumulate more bitcoin than use it to pay for your little errands and stuff like that that fiat money can handle.
I'm not really surprised that some people prefer to use Bitcoin over fiat. Bitcoin is much faster, safer and more anonymous when it comes to international transfers and the most important: such transactions are available 24 hours a day unlike conventional banking in my country. I wouldn't use Bitcoin for small payments because they are too slow for that.
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.
Well yes I think it is, in fiat the money that you have will stay in its amount no matter what happened, unlike in bitcoin the chances of having a double amount of profit more than you hold is feasible , you can expect that sooner your money will be more than what its amount today, well this is one of the reason I think.
From my opinion bitcoin is consuming or yes it totally manages to with 0% risk. it is so trusted worth for anyone. iits ttotally controled user and bitcoin holder.for this reason some people prefer bitcoin over fiat.
Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ?
nope. I think satoshi did not make bitcoin for that bad use. 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.
yeah, actually it will make people who do not use bitcoin will think that bitcoin is for criminals. and I ever read someone made a thread who said that his father did not agree his job to earn bitcoin. it was reallt bad.It depends upon the person on how they will use bitcoins but i dont think that this is being developed in the bad side.
To be brief, cryptocurrency is the future and bitcoin is the most common type of cryptocurrency.
It was before bitkoin and will be after. Do not need to blame the technology in these actions
Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ?
nope. I think satoshi did not make bitcoin for that bad use. 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.
yeah, actually it will make people who do not use bitcoin will think that bitcoin is for criminals. and I ever read someone made a thread who said that his father did not agree his job to earn bitcoin. it was reallt bad.It depends upon the person on how they will use bitcoins but i dont think that this is being developed in the bad side.
But, what if they use a currency that are free to its utilization? Free from crime, and free from recognition. Here comes the concept of cryptocurrency, decentralization. By this people who're using this kind of currency to that platform will just going to easily slip through any illegal acts. They can pay for the Porn, buy weapons, drugs etc. and won't be caught by the government, because they are incognito.
Also this is one of the reasons why some country bans cryptocurrencies.
Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ?
nope. I think satoshi did not make bitcoin for that bad use. 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.
yeah, actually it will make people who do not use bitcoin will think that bitcoin is for criminals. and I ever read someone made a thread who said that his father did not agree his job to earn bitcoin. it was reallt bad.It depends upon the person on how they will use bitcoins but i dont think that this is being developed in the bad side.
Jump to: