Why some people prefer Bitcoin over fiat ? - page 34.

8Habits

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Quote from: Mailly on October 01, 2017, 10:00:25 AM

Bitcoin has a whole lot of features and due to the fact of that attributes individuals from every single field are getting advantages from bitcoin so they favor bitcoin over fiat. For illustration the gamblers do not require to display their identity so they use only bitcoin for their employs.

As newbie, as you are and yet you are so correct about the comparison between bitcoin and fiat money. Regarding gambling, there is really no time waiting (usually takes several weeks to month before you will be given approval and after careful background analysis that you pass the gambling site requirements before you even be able to start playing.

But this time, online casinos are no longer requiring any documents whatsoever which makes gambling even more appealing to the public.

Mailly

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Bitcoin has a whole lot of features and due to the fact of that attributes individuals from every single field are getting advantages from bitcoin so they favor bitcoin over fiat. For illustration the gamblers do not require to display their identity so they use only bitcoin for their employs.

Wexnident

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I don't request loans~

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.

Maybe it is because of its advantages. Bitcoin is decentralized and we are all awared with that, this only means that its users are allowed to use Bitcoin as they like. And also, Bitcoin is a currency which is at the same time, a good source of income. In just by holding it you'll be able to earn profit becuase its value increases as time passes by. Bitcoin is a digital currency which can also be considered as a "trend" that may also be a reason why people nowadays prefer Bitcoin over fiat.

Text

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Quote from: Yukyzu on October 01, 2017, 12:35:07 AM

because this currency is more flexible than fiat, the currency is quite easy to obtain without having to work real outside but the value is very high compared to other types of virtual currency, making btc more selected than fiat.

You are right! Bitcoin gives us the opportunity to make real money online and lessen the number of unemployed people. I prefer it for most cases like sending money online because it has a lower transaction fees than the other payment options. We can make huge profits in bitcoin just by holding it even within the short period of time.

Yukyzu

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because this currency is more flexible than fiat, the currency is quite easy to obtain without having to work real outside but the value is very high compared to other types of virtual currency, making btc more selected than fiat.

mdripon

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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.

bitcoin is digital and popular currency in the world. so many peoples do first chose bitcoin currency.

josephinerosdy

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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.

satoshi not made for bad thing but for freedom. depending on the personality of each person how they used their bitcoin and we can not deny it.

Sithara007

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First of all, is it proper to compare Bitcoin with fiat cash? Fiat cash is a type of currency. Although Bitcoin was originally designated as a currency, it is behaving more like an investment asset right now. Therefore I don't believe that it is proper to compare Bitcoin with fiat cash. If you want, you can compare Bitcoin with bank deposits or mutual funds.

Kamal87

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I think people see bitcoin as a promising investment opportunity. While fiat is seen to be a collector item, it may be a good investment too but you have to like maintain the car condition. Bitcoin is a good investment option for everyone. From a car enthusiast to an athlete. I think a great deal of people will agree on this.

ngefek berat

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I think it's just the actions of people who do not have strong convictions so that their behavior is inappropriate in the imitation and has exceeded the maximum limit in this forum. I can only hope they have a quicker awareness and better utilize the work in this forum as best they can.

smile1218

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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.

Some people prefer bitcoin because they can easily use it on their online transactions specially to those merchants who accepts bitcoin payment and as well bitcoin has the possibility to increase its value. On the other hand fiat cannot be used to purchase online unless we would convert it to online money balance.

millgates

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Quote from: Innerpumper on September 30, 2017, 10:18:22 PM

Because of the increase and decrease of the bitcoin has. They better keep bitcoin than fiat because of some tax-exempt bitcoin storage. In addition, bitcoin suited invest. But also, often abused as bitcoin transactions illegitimate goods, gambling, and porn sites. Therefore many people think bitcoin is for criminals. I really hate the misuse of the bitcoin.

Yes, I think so. People were make illegal transaction with all type of currency. If we compare the amount of usage for illegal transactions between bitcoin and fiat of course the fiat is higher. there so many fiats value that decrease because of the weak government power or inflation, some people in those countries try to save their wealth in form of bitcoin because it can become safe haven.

Innerpumper

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Because of the increase and decrease of the bitcoin has. They better keep bitcoin than fiat because of some tax-exempt bitcoin storage. In addition, bitcoin suited invest. But also, often abused as bitcoin transactions illegitimate goods, gambling, and porn sites. Therefore many people think bitcoin is for criminals. I really hate the misuse of the bitcoin.

andaresta

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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.

whether this is also one of the reasons, of many countries that resist bitcoin because it can not be controlled, so it can happen like some of the above, I hope bitcoin is always used for positive activities, according to the original purpose of the creation of bitcoin itself

ruskytailz02

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It is the people who create malicious works for BITCOIN
we can't blame satoshi nakamoto but it is the truth and the dark side of BITCOIN
despite its blockchain technology and how it works... Being decentralize of bitcoin makes it works on every kind of activity
but the people using this in such like that , they are pointless and don't know how the bitcoin will use in future

DoublerHunter

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Quote from: Japinat on September 30, 2017, 08:33:23 PM

Quote from: shoreno on September 30, 2017, 07:40:27 PM

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 they find bitcoin is easy to use and safe or anonymous , they can buy what they want online like drug, accounts, arms, specificall anything without having a hassel and issues asking for their address or infos but bitcoin is not only used for illegal or unhealthy activities infact most people still believe in a good side of bitcoin.

In short it gives us freedom to on online business based on our preference, bitcoin will be use for illegal or legal purposes and we the users are making our own decision. Some will prefer fiat but some will also prefer bitcoin because we have different understand and most of the people in this world loves to play safe and they believe fiat is safe as it's controlled and protected by the government.

It is all about the knowledge of the people about bitcoin and fiat. If they know bitcoin and understand how it works then it is easy to tell that they will prefer more on bitcoin rather than fiat because bitcoin is a great way to put their money and they can also use it to pay things that they will buy online and it acts like a money or fiat also. So it is a win-win situation in bitcoin.

Japinat

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Quote from: shoreno on September 30, 2017, 07:40:27 PM

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 they find bitcoin is easy to use and safe or anonymous , they can buy what they want online like drug, accounts, arms, specificall anything without having a hassel and issues asking for their address or infos but bitcoin is not only used for illegal or unhealthy activities infact most people still believe in a good side of bitcoin.

In short it gives us freedom to on online business based on our preference, bitcoin will be use for illegal or legal purposes and we the users are making our own decision. Some will prefer fiat but some will also prefer bitcoin because we have different understand and most of the people in this world loves to play safe and they believe fiat is safe as it's controlled and protected by the government.

centralbanksequalsbombs

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Bitcoin :open immutable decentralized global fair

Because Central Banks cannot stop pumping and dumping fiat.

Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalksearch.org/topic/which-country-are-you-from-here-list-thirty-popular-bitcoin-countries-for-trade-1853019

CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

shoreno

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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 they find bitcoin is easy to use and safe or anonymous , they can buy what they want online like drug, accounts, arms, specificall anything without having a hassel and issues asking for their address or infos but bitcoin is not only used for illegal or unhealthy activities infact most people still believe in a good side of bitcoin.

Twinscoin2017

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Quote from: lvincent on September 30, 2017, 07:29:50 PM

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.

Yup bitcoin sometimes being used in illegal things. it is the negative side of being decentralized there are some people that use it in illegal transaction since there are no one controlling it or there are no law's to follow. but of course being decentralized of bitcoin give us so many benefits so let's just use in in the right things...

i think so .its only a matter of choice .as long as you didnt hurt someone and you work for your profit i think there is no such thing that give us trouble.i think peole choose bitcoin because bitcoin is an investment and it really didnt have any income taxes to be paid upon gaining profit.unlike fiat if you gain big amount you will pay taxes with the big amount also.

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