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... 
Topic: Why some people prefer Bitcoin over fiat ? - page 35. (Read 58499 times)
One of the main reason you would find among people who prefer Bitcoin over fiat is that the transactions are anonymous and gives you better returns if you just keep your money on side and don;t use it. Also people are attracted towards small amount of fee for any transaction and also price of bitcoin is same over the globe due to which people are in favor over Bitcoin over fiat.
Bitcoin is a preferred currency in this businesses because of anonymity and low fees.
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.
No this is not what bitcoin was initially created for. But there are always negative sides to every good thing
of course btc seekers will choose a virtual currency in the appeal of fiat because the currency is more profitable in the appeal of fiat and the exchange rate is very high for 1 btc makes a lot of people interested to look for it.
Yeah because the people in question have known about bitcoin different things with people who do not believe about bitcoin, if you ask this to people who do not believe in bitcoin, then that person will choose fiat. But for people who already know bitcoin, then that person will definitely prefer the bitcoin.
of course btc seekers will choose a virtual currency in the appeal of fiat because the currency is more profitable in the appeal of fiat and the exchange rate is very high for 1 btc makes a lot of people interested to look for it.
Bitcoin is commonly adopted by online business owners as a signifies of payment, as they see possibilities and potentials in bitcoins. With bitcoin, a lot of internet customers will be able to enjoy expense-preserving shipping and delivery services.
Because it is more convenient than fiat and has many benefits. Digital coins could br flexible in the future since in that time there will be digital revolution and bitcoin is one of it. So therefore bitcoin will prefer over fiat
Finland financial institutions praise the concept of blockchain which was conceptualized first by bitcoin. Many investors are loving the concept of being not regulated by the government and can be use by anyone and in anywhere as long as there is some internet connections.
The best thing about cryptocoins is the provision of freedom of control, with no government interference and people really enjoy this. Indeed, bitcoin is a revolutionary invention.
Many people even do not understand the word bitcoin and that’s why they have never thought of using bitcoin and online purchase.
People are using bitcoins for specific reasons and uses. They do some shopping via BTCs and other using fiat. At present both are being used. The main reason why people are into bitcoins is its huge profit returns.
Why more Bitcoin users prefer bitcoin over fiat
means first reason is yes Bitcoin is tax less and to use bitcoin there is no restriction.
And now we got a lot of options to make money from Bitcoin.
And the price is also helping people to use more bitcoin over fiat.
And one more thing is in some country the currency value is very less for them this bitcoin will giving nice profit.
So people started to use Bitcoin than fiat currency.
means first reason is yes Bitcoin is tax less and to use bitcoin there is no restriction.
And now we got a lot of options to make money from Bitcoin.
And the price is also helping people to use more bitcoin over fiat.
And one more thing is in some country the currency value is very less for them this bitcoin will giving nice profit.
So people started to use Bitcoin than fiat currency.
Some people are criminals and they are doing money laundering. With bitcoin, they don't be followed with their financial transactions. This case let them prefer bitcoin over fiat money.
Why more Bitcoin users prefer bitcoin over fiat
means first reason is yes Bitcoin is tax less and to use bitcoin there is no restriction.
And now we got a lot of options to make money from Bitcoin.
And the price is also helping people to use more bitcoin over fiat.
And one more thing is in some country the currency value is very less for them this bitcoin will giving nice profit.
So people started to use Bitcoin than fiat currency.
means first reason is yes Bitcoin is tax less and to use bitcoin there is no restriction.
And now we got a lot of options to make money from Bitcoin.
And the price is also helping people to use more bitcoin over fiat.
And one more thing is in some country the currency value is very less for them this bitcoin will giving nice profit.
So people started to use Bitcoin than fiat currency.
To transact? Privacy, security and no geographic boundaries.
To hold? FIAT, the global economy and interest rates are generally low (in UK at least). Interest versus the rate of inflation, growth of pensions etc. it's currently a poor investment to leave your money in the bank. Bitcoin might be up and down, but it's growth far outweighs that of FIAT.
To hold? FIAT, the global economy and interest rates are generally low (in UK at least). Interest versus the rate of inflation, growth of pensions etc. it's currently a poor investment to leave your money in the bank. Bitcoin might be up and down, but it's growth far outweighs that of FIAT.
Bitcoin is useful currency but comission for transactions are not so low as it seems to be) At present there are a lot of criptocurrencies with commissions lower than bitcoin's one. For ex, it is necessary about 0.001 BTC for BTC transaction - it is about 4$!
Hello, here are the reasons Why Bitcoins Are Better Than Fiat Currencies,
* Bitcoin is a Decentralized Currency
* Bitcoin Gives Financial Power
* Bitcoin is Free to Transfer and Hold
* Bitcoin’s Speed Beats Dollar’s Speed
* Bitcoin have Privacy Protection
* Bitcoin Costs Significantly Less to send
* Bitcoins is Easy to Use, Durable, Portable etc
* Bitcoin’s future is brighter than others.
Hope these help to find your answer. Thanks
* Bitcoin is a Decentralized Currency
* Bitcoin Gives Financial Power
* Bitcoin is Free to Transfer and Hold
* Bitcoin’s Speed Beats Dollar’s Speed
* Bitcoin have Privacy Protection
* Bitcoin Costs Significantly Less to send
* Bitcoins is Easy to Use, Durable, Portable etc
* Bitcoin’s future is brighter than others.
Hope these help to find your answer. Thanks
People prefer bitcoin over fiat because it is decentralized and anonymous. You can do transactions without revealing your identity. Also, it is more convenient to use. Like paying bills, you can pay bills without travelling. If you have gadget and internet access, you can pay your bills right away.
People will do the same job with fiat, and bitcoin has nothing to do with it. I think you can see an ethical way you can use currency, in any modern society you always have someone who will be used for other jobs.
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 a tool, so depending on who has, if used properly it will be useful
so still collect bitcoin
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 because Bitcoin is decentralized, meaning, they are allowed to use Bitcoin as they would like to. Also, its value is increasing as time passes by that will give them profit by just having Bitcoin or holding it in a period of time. Sometimes, it has less charges and faster transactiom compared to transactions done with the use of regular currencies or fiat. Of course almost users here will choose bitcoin over fiat money for the fact we can make profits either in short or long run because of its volatility and fluctuating price in no time. But you can lose if you don't manage it very well. We can have big returns just by holding our bitcoins.
This is the correct answer, fiat has some advantages but the fact that we can earn a lot of money by just holding our bitcoin gives bitcoin a very obvious advantage, this is not true for fiat, thanks to the rampant inflation caused by governments of the world that do not seem able to just spend the taxes they get from the people, no, they need to create money from thin air and spend that too. The main reason is certainly more practical, we all know that bitcoin is easier to use for online transactions compared to bank transfers, besides bitcoin also become the hope of future investment.
you are correct there.. bitcoin, being a limited resources, offers a good value versus like the fiat money where the government has really no limit of producing it and so inflation happens.. With bitcoin, it won't happen because it will stop producing once it reaches its max cap.
I am one of those people that prefer bitcoins over fiat. Why? Because so many things!
1. You can send money to anyone all over the world in an instant! Well technically not instant due to confirmations.
2. No need for a physical wallet and change. I hate change that are in coins, because it's heavy and inconvenient.
3. If you secure it well enough, then you won't get robbed.
4. Bitcoins are the money of the future.
So much other things!
1. You can send money to anyone all over the world in an instant! Well technically not instant due to confirmations.
2. No need for a physical wallet and change. I hate change that are in coins, because it's heavy and inconvenient.
3. If you secure it well enough, then you won't get robbed.
4. Bitcoins are the money of the future.
So much other things!
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