Why some people prefer Bitcoin over fiat ? - page 39.

Dodoymabs

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Quote from: Cocobrayy on September 20, 2017, 11:12:58 PM

Because bitcoin provides an alternative that allows anyone who uses it to send and receive Bitcoin, without a banking bureaucracy that requires a fee and time. Although bitcoin and fiat need each other, Bitcoin can not stand alone then become the single currency in the world economy. because it still has to be paired with Fiat and traded in the currency pair as in foreign currency trading.

Because bitcoin has no third party,you can use it universally.Transaction occurs instantly,its rate against fiat currencies worldwide fluctuates a lot and the profits could be very dramatic very soon.

Cocobrayy

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Because bitcoin provides an alternative that allows anyone who uses it to send and receive Bitcoin, without a banking bureaucracy that requires a fee and time. Although bitcoin and fiat need each other, Bitcoin can not stand alone then become the single currency in the world economy. because it still has to be paired with Fiat and traded in the currency pair as in foreign currency trading.

FJNuñez

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Because Bitcoin is superior in all aspects of money. FIAT has tons of faults, BTC doesn't have any it's perfect money, and you can trust it because of the immutable ledger.

Nyenyepogi

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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.

I think people prefer to earn a lot of btc becuase they know that the value of bitcoin is still increasing month by month or day by day so many people invest here or hold becuase they want to get a lot of profit.

ongels

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People prefer to bitcoin rather than other fiat currency because of its special qualities incurred to the mass, This is a good source of investment, In terms of making us in an instant rich profile, The characteristics of being volatility are one of the good qualities that every investors must look out, There making a good profit through buy and sell method.

DoublerHunter

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Quote from: tabas on September 20, 2017, 06:14:45 PM

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.

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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.

wishingwell

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I think there is a place for both BTC and fiat currency. As unpopular as it might be with some people fiat currency can have balancing and wealth distribution effects that are not really built into BTC, this comes about via floating exchange rates and devaluations mostly. Similarly BTC has qualities that are not available in fiat such as universal value.

Both have there place, not either or.

CroDam

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Many people here prefer btc over fiat. Still we are at btc talk forum Wink

Sonin1944

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of course bitcoin presents us chance to receive income and do transactions instantly and have a lot of other very good motives to use bitcoin. properly they are boon for bitcoin and we assist them for liking bitcoin.

BartS

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Quote from: Lalafell on September 12, 2017, 11:14:54 AM

Quote from: ralle14 on December 22, 2016, 05:18:30 AM

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.

Actually, bitcoin is absolutely tax free and they prefer to use it because you may use it in different kind of transaction even it is on online or offline store. In addition to that, they know that bitcoin has a high value in market and every time the price of bitcoin goes up while the price of fiat is stable.

Nothing in the world is tax free, governments tax everything and if something in a country is tax free is because a government has decided to not charge tax yet to an activity, as bitcoin becomes bigger you will begin to see an increase in the regulations to exchanges, this is already happening, and an increase in the regulations to people that want to buy and sell bitcoins through other means.

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Quote from: BitcoinPC on September 14, 2017, 01:48:05 AM

Who has this preference. If you can point out 200 people that prefer bitcoin' / Fiat then I'll give you 200 reasons why they would. It's a digital commodity and has nothing to do with currency so why would you be comparing it to a currency. It is legally considered a digital commodity as US law passed it in court. Bitcoin is yet to established as a world wide acceptable legal currency.

First of all, the laws formulated in the courts of US are applicable within the boundaries of US only. Secondly, bitcoin is a currency but in digital form. Due to its state of existence, it gives a lot of benefits over fiat. I will state only one; we can make any size of transaction to any part of world in minutes.

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Quote from: balakang00 on September 17, 2017, 02:28:16 AM

It is because with bitcoin, it is easy to access via the internet. It is also safe and secure to keep your coins in some kind of wallet on the internet. Also, bitcoin is profitable in so many way that makes it a plus points to anyone who is in the bitcoin world.

Bitcoin guarantees anonymity and 24/7 accessibility and that is what outweighs fiat by my standards. It's not globally known yet but when Bitcoin is fully integrated in to our society I think people will easily forget fiat existed.

mrayazgul

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As far as OP is concern, You're right bitcoins are not made for such thing like porn or scam sites. It should not allowed on internet. But there's nothing in our hand. Everyone have rights on bitcoins but most of peoples use it as fiat. I am worried about it. If things keep going like this bitcoin will go down if we hear all negative news like hacker uses bitcoin to get ransom for their hack attack etc.

balakang00

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It is because with bitcoin, it is easy to access via the internet. It is also safe and secure to keep your coins in some kind of wallet on the internet. Also, bitcoin is profitable in so many way that makes it a plus points to anyone who is in the bitcoin world.

Zimbabwecoin

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I prefer it because fiat never increased in value for me.

Pressessidow

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because bitcoin easy to usebitcoin just digital coin , and a person can immediately tranfer each and every otherso several on-line providers give bitcoin for main payment

BitcoinPC

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Who has this preference. If you can point out 200 people that prefer bitcoin' / Fiat then I'll give you 200 reasons why they would. It's a digital commodity and has nothing to do with currency so why would you be comparing it to a currency. It is legally considered a digital commodity as US law passed it in court. Bitcoin is yet to established as a world wide acceptable legal currency.

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Quote from: Jose Mourinho on September 13, 2017, 06:43:52 PM

I think bitcoin has advantages over fiat, for example for bitcoin online transactions cheaper, faster and certainly more secure than fiat. in addition, bitcoin promises profits because of rising prices.

Maybe not yet faster and cheaper, but definitely safer. And more than that: permissionless, borderless and censorship resistant.

Jose Mourinho

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I think bitcoin has advantages over fiat, for example for bitcoin online transactions cheaper, faster and certainly more secure than fiat. in addition, bitcoin promises profits because of rising prices.

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