Why some people prefer Bitcoin over fiat ? - page 22.

Kakawate

full member

Activity: 378

Merit: 100

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.

This misuse that is happening around the world is getting larger and larger as time passes by, but, we cannot do anything about it, that is how bitcoin is, but the problem is not bitcoin, it is the users who uses the coin. Bitcoin has lots of help and is blessing to its users but some just tend to abuse the real use of bitcoin. Sad to say, but we cant do anything about it.

wahyu5

sr. member

Activity: 729

Merit: 250

i think some people prefer bitcoin over fiat because for them bitcoins having good transaction systems and giving them tax free

Amilhussin24

member

Activity: 294

Merit: 11

It depends on how people wanted to use it. if they wanted to use it in bad things of course they can we have a choices between bad and good, But when it comes the good image of the precious BTC? yes, people can judge, but they need to try it first before they judge it. of course there are lot of people used bitcoin for a living, they used to stay in a bitcoin currency over fiat money because of its ways on how to earn in a simple way.

Joriecoinbit

full member

Activity: 434

Merit: 105

Quote from: mininghubby on November 11, 2017, 01:02:15 AM

Quote from: Melquart on September 30, 2017, 06:24:18 PM

Bitcoin is a preferred currency in this businesses because of anonymity and low fees.

Because with BTC you don't have to wait for days and days before your transaction is confirmed and there are no big taxes,whereas if you send cash there are different taxes depending on the volume of the transaction.Also with BTC you can hope that it's value can increase and you can also profit from that,whereas cash actually can't even hold it's value in a prolong period of time.and btc also gives you business for long and short period of time..

Bitcoin has a great features and is being used for different purposes like buying and stuffs from the internet or even paying any kind of bills. Actually, there are a lot of reasons why people prefer bitcoin over fiat. But one thing is for sure, people can gain huge amount of profit in bitcoin over fiat.

Edrian

full member

Activity: 280

Merit: 100

Because Bitcoin changes its value from time to time easy to use not so hard to earn, I think evil is everywhere any currencies can be used at all sort of their agendas. Bitcoin I think is the easiest way for them to transact their payments because they can send it to each other without personal meetings unlike real money you need to see each other to make transaction and some of them don't want to use bank because it is a little bit risky for them for the reason that the authorities track their names at the bank so that's is why they abused bitcoin and that's the problem but on the possitive side not all bitcoin users are evil some good people use it because its one of the honorable way to earn money.

mininghubby

member

Activity: 140

Merit: 15

Quote from: Melquart on September 30, 2017, 06:24:18 PM

Bitcoin is a preferred currency in this businesses because of anonymity and low fees.

Because with BTC you don't have to wait for days and days before your transaction is confirmed and there are no big taxes,whereas if you send cash there are different taxes depending on the volume of the transaction.Also with BTC you can hope that it's value can increase and you can also profit from that,whereas cash actually can't even hold it's value in a prolong period of time.and btc also gives you business for long and short period of time..

tinytrader

member

Activity: 136

Merit: 10

Some people prefer bitcoin over fiat because they have knowledge about it. And they are very few in number. They are cool headed and do not loose patience. know how to wait and how to make money by simply holding their coins. I prefer anonymity, not to hide my identity but want to secure my assets and give priority to my privacy. I do not want to let everyone/ anyone to know how much assets/money I have. BTC can be traced but it is tough

Snub

hero member

Activity: 812

Merit: 500

because BTC is a limited currency, you can't just print more BTC, but you can print fiat.....
bitcoin is just like gold, you can only mine it, and you need to work on it.

SiIvermoon

newbie

Activity: 2

Merit: 0

Individuals mainly prefer utilizing BTC now as a shop of value, not just like a method of betting or buying drugs like prior to, allocate of the saved BTC's fit in with people who contain the cost with them and deal with them like a commodity like gold.btc also is a good private and unknown gold coin.

Delarock

sr. member

Activity: 388

Merit: 250

Its because bitcoins can increase price while fiat money still the same even you hold it a year.

romecheo

full member

Activity: 476

Merit: 101

That was the truth, Bitcoin can be an instrument to use as a payment for any transaction, even services which accept digital currencies. No matter if is a Bitcoin or Fiat, it was the people choice who uses it.

Even in old times, either Gold, Diamond or silver, can be use for immoral activities.

AngeIMemories

newbie

Activity: 3

Merit: 0

A few of these fields are illegalized in places, but the key reason I believe is the privacy,Which means nobody wants to have credit cards declaration demonstrating paying to a porno website, and your friends/spouse viewing it, it is natural and lawful, but people prefer privacy in these aspects i think.

john70

newbie

Activity: 23

Merit: 0

Bitcoin network is secure and strong.we control our coins and keep them in our wallet.we pay a very small amount of fee for our any transaction.it's secure,faster transaction so btc is also very popular among people.

XbladeX

legendary

Activity: 1302

Merit: 1002

Bitcoin have something unique you can not be stopped.
Your goverment can not steal it from you.
With fiat they can print many as they want and this is impssible with BTC.
And when you want move big capital on BTC noone can stop you while moving big money outside of many countries is impossible.

God Fist

member

Activity: 126

Merit: 25

People prefer bitcoin over fiat for the features and assets that bitcoin provides and fiat doesn't even have or isn't even capable of providing since there is no blockchain technology or smart contracts behind fiat usage so a lot of features are lacking from fiat . People will like to use bitcoin for many reasons such as portability and secrecy that fiat doesn't provide .

Isaacck1

full member

Activity: 244

Merit: 101

People prefer Bitcoin over fiat is because, in my opinion, people saw things Bitcoin can do that the fiat can not. And come on guys, people love getting things modernized, many people just can't settle for a century-old style of money. Another bonus here is that bitcoin provides anonymity and is also decentralized which we all are longing for. Fiat is still the best because Bitcoin is not accepted by all, but the time will come where bitcoin and fiat will be in the equal state when it comes to the people's needs.

Miniel

newbie

Activity: 13

Merit: 0

Because bitcoin goes down and up that is why people like that much because you can have more profit with that also fiat does not go up or down it stays the same in your country and you will not even know about it.

georgiyfo

newbie

Activity: 49

Merit: 0

I can't realły get the whole subject of the discussion, and what is concern about, even when i have read the thread identify number of moments.I considered it is variety of apparent that folks prefer fiat currencies above cryptocurrencies, and identical with the causes, they are quite very clear for me and I can't realize how can someone not think about the precise same factor.You dont use BTC to shell out your charges, you fairly dont use it to make each day searching such as groceries or even when you go to mall to get outfits.Fiat is significantly easier to use plus it is acknowledged almost everywhere.

GaiI102

newbie

Activity: 4

Merit: 0

Bitcoin is widely used by online entrepreneurs as a means of payment, as they seeossibilities and possibilities in bitcoins. With bitcoin, individuals will be able to appreciate price-saving shipping amenities. p

pavelv3

newbie

Activity: 47

Merit: 0

Simply because bitcoin is better for online purchases and global transfers and bitcoin has the excellence of quicker and less difficult transactions than employing fiat.

Topic: Why some people prefer Bitcoin over fiat ? - page 22. (Read 58499 times)