Topic: Why some people prefer Bitcoin over fiat ? - page 37. (Read 58499 times)
Bitcoin is accepted in very small scale compared to that of the fiat, some people give much importance to it as an asset that have the potential to multiply the investment amount just on holding. Also it has the accessibility to get converted to any traditional currency form. This makes people prioritize bitcoin over cash.
Some people prefer to use bitcoin over fiat because some thinks that is easier to use specially in online teansactions but if you will buy something in department store or groceries it is not practical to use bitcoin unless if we do have bitxoin atm cards. And bitcoin should not use in the purpose of gambling and going to the porn site.
Only people residing in urban areas can use bitcoin because of the major reason that it needs internet. So those who are still in rural areas can't access any digital currency. Like here in our country, few people knew about bitcoin and even they already know they are not interested because they think that this is gambling.
Some people prefer Bitcoin over fiat because of it's superior qualities. It has an immutable ledger which makes it better than any previous money because it can't be changed.
Bitcoin is worn all over the world and everyone is free to have it. there are no rules against all Bitcoin users. they know Bitcoin as financial freedom. and they call it "Unlicensed currency"
Some people prefer Bitcoin over fiat because of it's superior qualities. It has an immutable ledger which makes it better than any previous money because it can't be changed.
Bitcoin is worn all over the world and everyone is free to have it. there are no rules against all Bitcoin users. they know Bitcoin as financial freedom. and they call it "Unlicensed currency"but for now some countries are beginning to regulate the use of bitcoin,
the state officials began to realize that bitcoin has a great power in shaping a payment system
and maybe this is what the government wants to use as an additional source of income for the country
therefore some countries begin to regulate the use of bitcoin so that none of the transactions using bitcoin can be taxed for that which makes the state has a big advantage
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 bitcoins value is not that stavle just what fia values are. Just got example 100$ in fiat, after a year it will still be a 100$ but if a 100$ in bitcoins after a years bitcoins rises that money can even doubled its price maybe tripled it depends on how much bitcoin increase. But we all know that bitcoins also drops, but the times of pumps are more dominant than drop so a lot og people much prefer bitcoins rather than fiat.
Remember that you also take the risk with bitcoin. $100 is guaranteed to stay as the same after one year, but this might be $50 after a year. People prefer bitcoin is only profit seekers.
Some people prefer Bitcoin over fiat because of it's superior qualities. It has an immutable ledger which makes it better than any previous money because it can't be changed.
Bitcoin is worn all over the world and everyone is free to have it. there are no rules against all Bitcoin users. they know Bitcoin as financial freedom. and they call it "Unlicensed currency" 
If you are asking in a bitcoin forum / community why we are preferring bitcoin over fiat money, the answer is very obvious. And if you are asking the banks why people prefer to use fiat instead of bitcoin, you'll hear different degrading words from them. Frankly, I prefer to use bitcoin now it has a lot of use, online money, investment, bigger potential and it's decentralized.
Bitcoin is an online investment that is why we are using bitcoin more often than fiat because when you have a lot of fiat then you cannot grow it everyday because it has a fixed value while if you have a lot of bitcoins then you can earn more money because its price is volatile and it can go up to 10% in just a day which is a great gain for an investment in terms of short term.Keeping your fiat will be lowered it's value because of inflation and with bitcoin, what's happening is different and opposite of it which is deflation. The longer the time serves, the higher the value of bitcoin is so everyone is treating it as our very own online investment and keeping it for better future. And when the time comes in the future that everyone uses bitcoin, there will be more of another features that we will enjoy from it.
Japan is the only country I've seen so far that has a good result of inflation, good thing that you had mentioned them also South Korea does have this good effect. But there are some countries that are really subject against the inflation because the only thing that is increasing are the goods but such services and salaries rates aren't increasing. Disadvantage against advantage of fiat and bitcoin is a tough comparison.
You might be right about how Japan and North Korea deal with inflation but their banking system is not up to standard when it come to interest and this drive a lot of retiree there to invest their retirement into bitcoin.
Exactly, it's a case to case basis and they are looking at bitcoin as an investment now because they want to secure their future. As bitcoin is affected of inflation they are more secured if they'll put their money on it instead of saving it to so cooperative or banking institution because the interest they'll get there are very a little portion that they can possibly earn from investing to 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 bitcoins value is not that stavle just what fia values are. Just got example 100$ in fiat, after a year it will still be a 100$ but if a 100$ in bitcoins after a years bitcoins rises that money can even doubled its price maybe tripled it depends on how much bitcoin increase. But we all know that bitcoins also drops, but the times of pumps are more dominant than drop so a lot og people much prefer bitcoins rather than fiat.
because now bitcoin price is increase high so people wants to increase their money amount. beside that with bitcoin, we have investment for a long term and we can really make money from bitcoin. but unfortunately, because of bitcoin volatile, people trying to trade their bitcoin pair fiat and if they make profit, then their money will increase.
Some people prefer Bitcoin over fiat because of it's superior qualities. It has an immutable ledger which makes it better than any previous money because it can't be changed.
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 it is convenient. People can easily access the bitcoin with the use of cellphones. Unlike fiat, we need to work for money.
Of course with bitcoin can benefit more than fiat money, online transactions would of course need a bank transfer to be undertaken but with bitcoin transactions then it can be done very fast and cheap cost.
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.
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 was ones favorite currency in the dark web. But in the present Bitcoin already go out of the dark. 99% of transactions are already legitimate transactions. Dark web already have a new favorite cryptocurrency called Monero because of its anonymity and security. Using bitcoin on illegal activities are already old recycled news. both cryptos can actually be used in either dark or in legitimate transactions.. It really depends on the holder of the bitcoin and that is the beauty of it because there is kind of freedom to do it without being trace versus fiat money.
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 was ones favorite currency in the dark web. But in the present Bitcoin already go out of the dark. 99% of transactions are already legitimate transactions. Dark web already have a new favorite cryptocurrency called Monero because of its anonymity and security. Using bitcoin on illegal activities are already old recycled news. 
Bitcoin certainly has advantages over fiat, for example is the price that continues to increase over time, this does not happen in fiat, precisely the value of fiat continues to fall because of inflation.
Well yeah you're right. The volatility rate of bitcoin is much more lower than fiat.
But still I prefer fiat for now as the confirmation of transactions haven't resolve. It's just that I don't want to get stuck or wait longer hours when I shop or dine. I just prefer to pay in fiat, less hassle and no fee.
And of course fiat is widely accepted wherever country you visit. That's why bitcoin is still experimental and there's always some room for improvement. So now instead of spending it I rather not touch it, HODLing is real.
Bitcoin certainly has advantages over fiat, for example is the price that continues to increase over time, this does not happen in fiat, precisely the value of fiat continues to fall because of inflation.
Inflation = Rise in prices
Devaluation = The currency lose value
Fiat money lose value because they DEVALUATE (on purpose, by goverment), and the INFLATIOn kicks in when the companies try to protect themselves from this value lost. Devaluation and inflation ARE ALWAYS BAD (even when modern economic books will tell you the opposite), it is called "a hidden tax of the goverment", and it makes you job to worth less.
Devaluation = The currency lose value
Fiat money lose value because they DEVALUATE (on purpose, by goverment), and the INFLATIOn kicks in when the companies try to protect themselves from this value lost. Devaluation and inflation ARE ALWAYS BAD (even when modern economic books will tell you the opposite), it is called "a hidden tax of the goverment", and it makes you job to worth less.
If you are asking in a bitcoin forum / community why we are preferring bitcoin over fiat money, the answer is very obvious. And if you are asking the banks why people prefer to use fiat instead of bitcoin, you'll hear different degrading words from them. Frankly, I prefer to use bitcoin now it has a lot of use, online money, investment, bigger potential and it's decentralized.
Bitcoin is an online investment that is why we are using bitcoin more often than fiat because when you have a lot of fiat then you cannot grow it everyday because it has a fixed value while if you have a lot of bitcoins then you can earn more money because its price is volatile and it can go up to 10% in just a day which is a great gain for an investment in terms of short term.Keeping your fiat will be lowered it's value because of inflation and with bitcoin, what's happening is different and opposite of it which is deflation. The longer the time serves, the higher the value of bitcoin is so everyone is treating it as our very own online investment and keeping it for better future. And when the time comes in the future that everyone uses bitcoin, there will be more of another features that we will enjoy from it.
Japan is the only country I've seen so far that has a good result of inflation, good thing that you had mentioned them also South Korea does have this good effect. But there are some countries that are really subject against the inflation because the only thing that is increasing are the goods but such services and salaries rates aren't increasing. Disadvantage against advantage of fiat and bitcoin is a tough comparison.
You might be right about how Japan and North Korea deal with inflation but their banking system is not up to standard when it come to interest and this drive a lot of retiree there to invest their retirement into bitcoin.
Jump to: