Why some people prefer Bitcoin over fiat ? - page 42.

MFahad

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Quote from: eleah24 on September 07, 2017, 09:50:22 PM

I think one reason for people preferibg bitcoin over fiat is that in some transactions, bitcoin is tax free and we always love tax free transactions. But I have read in this forum that many people prefer bitcoin over fiat is because they use it for porn sites, gambling and drug buying, and I think people should not use good oppurtunities for bad purposes. That is one reason for a good oppurtunity or a good thing to be banned. Lots of people use it for bad . That is one thing that people should try to prevent on doing.

Most of the people use bitcoin for in different, but if we think why people prefer bitcoin over to fiat, then it is right reason as you tell us. Bitcoin is better than fiat, when we use bitcoin for amount transfer with free tax.
Secondly, why you think that gambling is a bad thing, it is not bad, if bitcoin give the opportunity to play online gambling, so it is depend on the people they like it or not.

BartS

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Quote from: 0t3p0t on September 04, 2017, 06:12:52 AM

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.

It is because of the volatility of Bitcoin, tax free and decentralized. Bitcoin is more valuable than fiat that's why they see potential in using into it. But governments make a move on regulating local exchanges for like anti money laundering and also needs KYC when signing up they can hold suspicious transactions in an accounts too. And I am disgusted to those who are using Bitcoin in any illegal activities because they are the reason why governments implements strict regulations to users. These people also created negative reputation in Bitcoin. I hope the government can resolve that matter since innocent ones are affected too.

Governments will implement those measures even if people were using bitcoin for only good things, governments only care about money and control, so bitcoin is a top priority even if they do not confess it, they are terrified of it, they cannot control it, at best they can try to manipulate it but they are failing terribly at it so they are going to try to regulate it to death.

deejhay

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Its currency, people can use it any way they want so its not bitcoin fault that somebody want to use it for some illegal activity. Its just that using bitcoin in buying and sending money is much simpler than fiat. Besides, you can carry all your money with you if its in bitcoin.

eleah24

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I think one reason for people preferibg bitcoin over fiat is that in some transactions, bitcoin is tax free and we always love tax free transactions. But I have read in this forum that many people prefer bitcoin over fiat is because they use it for porn sites, gambling and drug buying, and I think people should not use good oppurtunities for bad purposes. That is one reason for a good oppurtunity or a good thing to be banned. Lots of people use it for bad . That is one thing that people should try to prevent on doing.

Shomeare1932

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Simply because with BTC you never have to hold out for times and times prior to your transaction is verified and there are no big taxes,whilst if you send funds there are various taxes based on the volume of the transaction.Also with BTC you can hope that it truly is benefit can increase and you can also revenue from that,while money in fact are unable to even hold it truly is value in a extend time period of time

Mcdacillo

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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.

They prefer bitcoin because it can easily access through cellphones. Fiat money need harwork to gain more profit but in bitcoin you can gain easily anywhere you are.

mudasarali43

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Due to unexpected growth in the price of bitcoin Majority of the minds to make the money more and more and when these peoples have an idea about bitcoin they start investing or holding in bitcoin thy only hold for the purpose of increasing their money for earn more and more and then they hold for long time purpose then they can get a good and share this to other fellows so in this earning cycle mostly peoples are hold bitcoin.

ApocalypseNow

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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.

How about fiat? Isn't it also used in porn sites, gambling, drug dealing and other illegal transactions. Like you said, blockchain is a good technology so we must emphasize all it's good uses and benefits within society.

ajmapalo22

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Some people prefer bitcoin because it is not just a fiat that you can use for many transaction but also a sort of having an investment in your pocket. Bitcoin is very safe to use and also very fast its like a credit card. Nowadays bitcoin value continue to appreciate that's why if you are holding your coins few months ago maybe you are enjoying the harvest of it.

dark08

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Almost the possible answer are mentioned above but I must prefer to say this answer that some people are attract to bitcoin over the fiat because it was easy to use the price are so unstoppable (unpredictable) and also it was a tax free that cannot control by government. And now a day bitcoin are continue to spread all over the world so people must prefer to invest or use bitcoin.

Japinat

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Quote from: marcbitcoins on September 04, 2017, 05:38:34 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.

Not all bitcoins or either altcoins are misuse there is in a good thing also. If fiat was used for better and good it was also use for bad and worse things then the same for bitcoin because bitcoin is a currency and currency means in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange.So either bad and for good bitcoin can be spend out except if the country will declaire a law not to be use in such samples of yours.

There is no exact answer if we debate if bitcoin or altcoins are use for illegal activities because we know fiat can also be use in illegal activities and it is fact it's very rampant in any countries. It's human nature that anything with a value will be use for any transactions they want and people who made illegal activities will be blame for that and not the tool which is the currency we are talking.

marcbitcoins

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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.

Not all bitcoins or either altcoins are misuse there is in a good thing also. If fiat was used for better and good it was also use for bad and worse things then the same for bitcoin because bitcoin is a currency and currency means in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange.So either bad and for good bitcoin can be spend out except if the country will declaire a law not to be use in such samples of yours.

noelwenceslao03

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This post just hit me. If bitcoin is used for illegal activites, then I can see the exteme span of the potential of bitcoins. But as for me, I am taking a look at bitcoin as a potential for a bounty income.

BartS

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Quote from: batang_bitcoin on August 28, 2017, 07:03:45 PM

Quote from: Jingjing12345 on August 28, 2017, 03:31:40 AM

People prefer bitcoin over fiat because it’s change in value. Bitcoin can also be used to buy goods and services easier that the other transaction.

Having the unstable price of bitcoin makes the people prefer bitcoin over fiat. But they are not actually completely in bitcoin already because there are still countries, stores that aren't accepting bitcoin in full payment. Currency is just another reason for bitcoin but the real reason why people prefer bitcoin because it is an investment.

While it is undeniable that bitcoin is one of the bests investments right now I think at some point after enough people around the world adopt bitcoin, that the attractiveness of bitcoin as an investment is going to go down and people are going to begin to use it for it is original purpose, as a currency, that is going take a long time since we only have a few million adopters while the world has 7 billion people.

0t3p0t

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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.

It is because of the volatility of Bitcoin, tax free and decentralized. Bitcoin is more valuable than fiat that's why they see potential in using into it. But governments make a move on regulating local exchanges for like anti money laundering and also needs KYC when signing up they can hold suspicious transactions in an accounts too. And I am disgusted to those who are using Bitcoin in any illegal activities because they are the reason why governments implements strict regulations to users. These people also created negative reputation in Bitcoin. I hope the government can resolve that matter since innocent ones are affected too.

Fafabol

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Quote from: mobnepal on December 22, 2016, 06:29:41 AM

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 ?

There is no reason for any of us to panic about this issue, not only bitcoin other forms of currency are also being used for drug dealing and gambling. However as bitcoin transaction are completely anonymous so it has been currency of choice for porn and gambling industry. But you can also see lots of big merchants accepting bitcoin payments so bitcoin is being used for both legal and illegal stuffs.

This is not new to our society, btc or even fiat are abuse and misuse by these people and we can't do anything about this. It is their choice and it's so sick and tired of these. Just mind our own business and be rich.

batako

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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.

People use bitcoin for such bad stuffs because they wanted to hide their identity in the hope no one will notice their bad habbits or at least require some efforts if someone else want to track it. Bitcoin offers anonymity for its users even though it isn't 100% true.

8Habits

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Quote from: naidray on September 01, 2017, 03:10:29 PM

Quote from: Kingofbitcoin12345 on August 31, 2017, 03:34:19 AM

As my observation serve me well,, I would say the reason is about "freedom",, a word that been associated with bitcoin since its creation date. Does it really matters to us?? Yes,, we do care about our identity for so many reasons and one of those is personal security of your own and your family.. In banks the information is readily available for the criminal minded bankers..

Well, thank God he said some people and not even most people or all. It’s just a few people in the world that are interested in bitcoin, I mean people that are interested in tech stock(not everyone does that).

I like bitcoin, capital “YES” I do, but not more than fiat, because fiat us more useful and more important for everyday live.

Bitcoin can be best use for online transactions that accept bitcoin, investment to ICO, trading cryptocurrencies, gambling, investment to gambling companies, and the like while fiat money can be used in anything and can buy best thing in life offline

naidray

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Quote from: Kingofbitcoin12345 on August 31, 2017, 03:34:19 AM

As my observation serve me well,, I would say the reason is about "freedom",, a word that been associated with bitcoin since its creation date. Does it really matters to us?? Yes,, we do care about our identity for so many reasons and one of those is personal security of your own and your family.. In banks the information is readily available for the criminal minded bankers..

Well, thank God he said some people and not even most people or all. It’s just a few people in the world that are interested in bitcoin, I mean people that are interested in tech stock(not everyone does that).

I like bitcoin, capital “YES” I do, but not more than fiat, because fiat us more useful and more important for everyday live.

corroze

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yes I agree with you, maybe this would be a good alternative to anticipate the possibility that could arise as a result of the transaction for negative purposes.

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