Topic: Why some people prefer Bitcoin over fiat ? - page 24. (Read 58499 times)

People would usually tend to choose bitcoin over fiat especially on transaction that are not to common or somehow discriminating to be used with a fiat. Some of this transactions when user doesnt want his/her identity be divulged in the public they opt to use fiat.
Such transaction are gambling and some even illegal acts.

 Bitcoin has enjoyed a breathtaking run over these days.Some people prefer bitcoin over fiat because on some places bitcoin is tax free.

It is true that bitcoin is being exploited by criminals, some of which are prohibited by some countries, making some people hate bitcoin.

I consider my viewpoint is quite various from other folks listed here. Most of the Men and women choose Bitcoin more than Fiat since of the conversion costs of Bitcoin to USD and then to everyone's local forex. Users can generate BTC or altcoins from the world wide web and in conversion they will get a nice quantity of Fiat.

I don't think so. Bitcoin is made to help other people who are looking for extra income and reach some of their dreams through earning in bitcoin. But those people who are using bitcoin in a bad way, then it is their choice but that doesn't mean that bitcoin is made for that kind of bad way of using it. The person who made bitcoin cannot control the people on how they should use it because he has no super powers to monitor everyone who are using it.

i like bitcoin over fiat because of  The advantages of Bitcoin are cost, speed and safety like Lowest costs at all , Protection against fraud , Rapid payment  ,

Because the transaction fee is too low and no one will know how much money you send. just you and the person you transact. in the next decade bitcoin will be well-known..

Dunno about preferring it over fiat but they sure do prefer it as alternative investment.

Some people prefer bitcoin over flat because the value of bitcoin is increasing and growing. And it is very in demand as of now than flat it has also features online than flat.

Yeah you are right and they are aware of the increasing price of the bitcoin this is the reason why they are now preferring the bitcoin than the fiat. Now almost all the people are using the bitcoin and they are searching for the better future with the bitcoin I hope this will happen soon and you will see how fast the bitcoin is growing and the income of the bitcoin is now very high I hope the future of the bitcoin is bright.

Well we can't help it since one of the many great features of bitcoin is being private and fast when it comes to transactions online and this advantage have been exploited by criminals to their vile use and so did other currency before bitcoins and even trading materials like from drugs to animals parts like ivory. Everything of value is bound to be used and taken advantage by good and bad people alike.

To my oppinion and personaly me prefer bitcoin than fiat because bitcoin value growth

But just how long will this no tax at all on bitcoin last? I bet that the government will put a really large tax on exchanges in order to gain some power over bitcoin. Exchanges or local online wallets still have business permits and are still under a jurisdiction. If they are going to put a large tax for selling bitcoins, then your exchange rate will probably become much lower. On the other hand, this can easily be countered by clever countries who would put a much smaller tax for cashing out bitcoins. Bitcoin users will probably just start using that exchange or online wallet instead so if your government is thinking ahead, they will be the one to charge smaller tax or at least don't put a large tax on bitcoin at all.

Right now, there are countries where you are actually required to declare the bitcoin addresses that you own and by the end of the year (this is called annual tax, I think), you would pay 25% of the total cash out amount that you did with bitcoin although there is no capital gain tax. Honestly, the future is still kind of blurry with bitcoins since there is not much users of it yet. But along with all these advantages and good reasons why people would prefer bitcoin over fiat, fiat is still the king since there is no transaction time and fee when paying with it. At least when you're doing it face-to-face with the other end and not electronically.

Bitcoins have more advantages over fiat as bitcoins will build free market capitalism. Bitcoins are more secure than fiat and easily sold online against a huge profit. It is increasing at a very high speed. The most important thing is that there is no tax policy over bitcoins investment.

I prefer Bitcoin over flat because it is much better if you will use it as investment, for gambling and for easier way to pay bills. yes for investment we all know that the price is not stable and during the course of time Bitcoin price keeps going up, for gambling because Bitcoin can help you gamble anywhere you want and pay your monthly bills without hassle, without falling in-line.

Until now there are groups still stocking Fiat and the same thing with Bitcoin as well, despite the fact that Bitcoin is used as part of some unlawful practice, but at the same time ends up with reason in connection with the group's request at Bitcoin. 

Because bitcoin is more profitable and easy to use for online transactions, if we use fiat of course there is no hope for profit but bitcoin because of decentralization it can profit up to tens of percent in a week.

There is no tax on bitcoin man. You can also think about that. Very valid reason to prefer bitcoin over fiat cash money for lots of people complaining about high taxes charged by governments.

That was the sad part of using bitcoin being use in illegal activities because of being anonymous of btc holder. They prefer using btc because of fast transaction and can be done any time and any where in the world.

Well we can't do anything about it since it's there money and not ours. But I too treat bitcoin as an investment where we sell when we know that the price is high enough already and buy once the price go down so we can earn money from it and I don't see any problem about that except only if the one who'd do this is someone who is a whale where it will affect the price heavily but he would need to dump a lot of bitcoin for that to happen.