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Topic: Why some people prefer Bitcoin over fiat ? - page 29. (Read 58499 times)

hero member
Activity: 826
Merit: 529
Because of some reasons people usually like Fiat over Bitcoin. one of the major reasons is that unavailability of Bitcoin. you can't access to the Bitcoin wherever you want, you also don't get it if you have don't have access to the internet. so without the Internet, you can't get connected to Bitcoin and you can't withdraw a single bitcoin. that is the main reason for me in that issue.
sr. member
Activity: 784
Merit: 251
maybe they know Bitcoin will continue to increase, so most people who know Bitcoin will change the fiat to Bitcoin.
full member
Activity: 308
Merit: 108
There are many reasons behind it and I believe one of them is the convenience. In bitcoin, you can earn money in many ways and you can easily find one. Plus, anyone who wants to earn can freely find ways, too. In fiat, there is so many process and you need a lot of effort just to earn enough money. Also, there are requirements that some cannot achieve because of something or his/her status, which in bitcoin, is not required.
hero member
Activity: 3052
Merit: 606
they prefer bitcoin over fiat because they know that in bitcoin they will earn money if they invest on it and also they want different transaction like paying bills is easy as they pay online. i think what you said like people using bitcoin for gambling or in porn site is depend upon the people.
That is the ultimate reason why we use bitcoin because not all people are going to adopt or even the majority since the majority has still trusted the old system. Government laws and rules should be followed and they will not endorse bitcoin as currency to substitute fiat, the real reason why we are using it is because we want to consider it as our investment and to fulfill our big dreams.
sr. member
Activity: 1092
Merit: 256
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Because these peoples are confronting bad situations in their countries, or they have problems with the govern, its very hard to find someone that prefer and USE the bitcoin as their primary economic. The most og the peoples who likes the bitcoin still uses the paper money as their primary economy.
People keep hold of bitcoin as an investment, but for regular uses keep paper money in pocket. Bitcoin value increases with time, which provides with an much increased profit. Paper money holds stable value and however long we hold it, what we earn at the end will not be that big as earned from bitcoin.
full member
Activity: 363
Merit: 100
they prefer bitcoin over fiat because they know that in bitcoin they will earn money if they invest on it and also they want different transaction like paying bills is easy as they pay online. i think what you said like people using bitcoin for gambling or in porn site is depend upon the people.
jr. member
Activity: 56
Merit: 10
I think most people right now are using Bitcoin as an asset, they are expecting Bitcoin price to rise and if that happen then they will have more asset. I don't think Bitcoin is regularly used in real life, I would say that if someone is going to commit crime then they will use Monero or Dash or DO.
member
Activity: 115
Merit: 10
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Well i think, maybe because of bitcoin there is a chance to grow your money than fiat, if you save your money the price after a year is nothing to change, unlike bitcoin that have a chance to grow your money after you save.
hero member
Activity: 994
Merit: 544
They prefer bitcoin than fiat maybe its because of volatile that bitcoin can can do up and down even me i want bitcoin as an investments its because even you just only stock you coin the price is goes up

Bitcoin is indeed a good investment.  Even if you let it sit in your wallet, its price will still goes up.  And every transaction is safe because there is no physical money.  No one can rob it from you.  Plus, there is no hassle in paying things, just swipe and click and you paid already.
member
Activity: 218
Merit: 10
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They prefer bitcoin than fiat maybe its because of volatile that bitcoin can can do up and down even me i want bitcoin as an investments its because even you just only stock you coin the price is goes up
newbie
Activity: 50
Merit: 0
Why some people prefer Bitcoin over fiat ?

so its because transaction in Bitcoins occurs instantly, 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 Network is Secure, Bitcoin transactions are anonymous. so the reasons behind ppl prefer bitcoin over fiat is security, fast transaction and universal nature.
full member
Activity: 252
Merit: 101
the most importat reason shall be bitcoin is on the rising way, holding bitcoin can give people more profits than any fiat, also, bitcoin are well known than ever before, and this give people more courage to buy
sr. member
Activity: 476
Merit: 314
Because these peoples are confronting bad situations in their countries, or they have problems with the govern, its very hard to find someone that prefer and USE the bitcoin as their primary economic. The most og the peoples who likes the bitcoin still uses the paper money as their primary economy.
legendary
Activity: 2702
Merit: 3045
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Bitcoin is gaining more and more trust over FIAT currency due to many facts.
No one can neglect the fact that bitcoin is easier to use than fiat. you can make all your transactions online with few clicks to send and receive money, also you can track all your wallets in seconds and be sure your money is safe. You can't deny that Bitcoin is growing so fast and its price is rising that's why bitcoin holders are making fortune compared to those who keep their money in banks.
Those are just some of the many reasons that make Bitcoin used more than FIAT.
full member
Activity: 714
Merit: 100
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.

 some people prefer to use bitcoin because it is easy to use especialy when your on to buying and selling online and it doees not require any information unlike credit cards or other forms of online payment that is a much hasel and time consuming and also exposing your identity to someone else you dont yknow . thats why most people and business men nowadays are using bitcoin for their convinient.
sr. member
Activity: 756
Merit: 294
Because bitcoin tends to be more flexible and has more security than fiat.
Actually, bitcoin is made not for distorted purposes, bitcoin is made for individual freedom as well as securing personal data. If some people use bitcoin to gamble, drugs, subscribe to porn sites it is a bad thing and will turn their personal ugly.

Bitcoin and fiat are both secure however, the good thing with bitcoin is that is not subject to government regulations and that there is a limited amount of it compared to fiat where government can print as many fiat paper as they could which in turn will eventually lead to inflation and the value of fiat is going down as these happens..
full member
Activity: 322
Merit: 106
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.
I think it is the peoples own choice where they want to use their crypto.... if money involves crime also follows and we cannot deny that it is the dark side of bitcoin... me too I am dismay because bitcoin is not meant for that thing.. but I think now lets take advantage of what this tech can gave now
full member
Activity: 378
Merit: 102
Because bitcoin tends to be more flexible and has more security than fiat.
Actually, bitcoin is made not for distorted purposes, bitcoin is made for individual freedom as well as securing personal data. If some people use bitcoin to gamble, drugs, subscribe to porn sites it is a bad thing and will turn their personal ugly.
member
Activity: 126
Merit: 10
Bitcoin is better than flat because it can be used to access a lot of internet transactions and remain their identity hidden. Another thing is that, bitcoin has a higher currency exchange than any flat currency.
newbie
Activity: 42
Merit: 0
Technology become more popular that is why new opportunities appeared. I truthfully believe that it helps development in this area.  And also when you pay by btc you secure all your data as I know.
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