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Topic: Why some people prefer Bitcoin over fiat ? - page 44. (Read 58499 times)

hero member
Activity: 672
Merit: 500
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.
fiat is never convertible and its value be same as they started and due to this people get bored of this fiat money. And yes you are right people love to change the value of currency that is why they chose bitcoin. Now everyone knows that bitcoin can nearly use by all other companies so they can make easily payment through bitcoin. This transaction fee will be less soon in future.
sr. member
Activity: 756
Merit: 294
indeed the purpose of people choosing bitcoin is certainly for business such as trading and investment
Because with these efforts have the opportunity to get a big profit from each activity in bitcoin, and it seems that currently bitcoin changed its original function of that serves as means of payment transactions but is now very valuable asset of course because the value of bitcoin is so high today

Bitcoin is really a good investment to have - you can just save and hold some of your accumulated bitcoins or grow them through investing to ICO and trade them - you should do your research though before you trade or even invest on ICO because you might end up losing all of your coins instead of growing them.
sr. member
Activity: 397
Merit: 252
indeed the purpose of people choosing bitcoin is certainly for business such as trading and investment
Because with these efforts have the opportunity to get a big profit from each activity in bitcoin, and it seems that currently bitcoin changed its original function of that serves as means of payment transactions but is now very valuable asset of course because the value of bitcoin is so high today
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
Because bitcoin is more worthy of being called currency, bitcoin is obtained by mined while fiat is only printed, people prefer bitcoin because it is also very good for investment, look at bitcoin price from 2010 until now the increase is fantastic Smiley
most reason is for investment because of that said growth I'm also one of those who kept my bitcoin allowing myself to enjoy what will future
brings me though its a matter of trust and how those development will matters.
hero member
Activity: 1106
Merit: 506
Because bitcoin is more worthy of being called currency, bitcoin is obtained by mined while fiat is only printed, people prefer bitcoin because it is also very good for investment, look at bitcoin price from 2010 until now the increase is fantastic Smiley
sr. member
Activity: 756
Merit: 294
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 the reason why many people prefer bitcoin over fiat is the value of the bitcoin is increasing so much. Many people knows that if they have many bitcoins, for sure they will become millionaire.
In addition, the reason why many people prefer bitcoin over fiat because Bitcoin is
decentralization system so that the Government can not control and set the Bitcoin.
Unlike for fiat money which is set by the Government in the legislation.

There are pros and cons of being regualted and decentralized form the government. When it is regulated, there are some restrictions and safeguard for some anomalous transactions like insider trading while with decentralization - it is free for all and the wisest wins a lot of money at the end Smiley
member
Activity: 62
Merit: 10
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.
hero member
Activity: 896
Merit: 500
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 the reason why many people prefer bitcoin over fiat is the value of the bitcoin is increasing so much. Many people knows that if they have many bitcoins, for sure they will become millionaire.
In addition, the reason why many people prefer bitcoin over fiat because Bitcoin is
decentralization system so that the Government can not control and set the Bitcoin.
Unlike for fiat money which is set by the Government in the legislation.
newbie
Activity: 45
Merit: 0
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, some people prefer to use bitcoin than fiat because using bitcoin is tax free and you can use it in different kind of transaction like paying bills and many more. In addition to that, bitcoin is very easy to use and you can also use it in gambling sites. Lastly, I think bitcoin is will become our future money.

Yes you are right bitcoin give privacy to its user but bitcoin was not made for only these kind of transactions. Its depends on the user that he/she use it for legal purpose or illegal. But bitcoin is the future.
sr. member
Activity: 952
Merit: 274
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 the reason why many people prefer bitcoin over fiat is the value of the bitcoin is increasing so much. Many people knows that if they have many bitcoins, for sure they will become millionaire.
newbie
Activity: 27
Merit: 0
ability to use it anonymously is one of the top reason people use it. be it a porn site or deepweb or even a donation.
full member
Activity: 280
Merit: 100
It's decentralised, it's some kind of anonymous (though, there are better coins for that like Monero) and it's the most famous cryto currency with the highest value which is still rising. So to save tax one can use it if he knows how it works.
sr. member
Activity: 392
Merit: 257
Well based on transactions fiat is better than bitcoins as it needs time for it to be confirm and would have to pay more for faster confirmations.But bitcoins are far superior than fiat in terms of investment and security.I would always prefer bitcoins over fiat as bitcoin's values will rise more in future because it's in limited number and are in demand in crpyto market.And value of fiat i don't think so increase easily.
sr. member
Activity: 756
Merit: 294
I don’t know about other people but I prefer bitcoin over fiat because of its power. I mean the power to increase value and decrease value with the latter being the main reason. Fiat money doesn’t increase value easily

Fiat money and bitcoin in so far as buying day to day transactions, fiat is better over bitcoin. But in terms of investment, bitcoin is superb nowadays. The reason is that the features of bitcoin is just so powerful that people are loving it.
sr. member
Activity: 2660
Merit: 339
I don’t know about other people but I prefer bitcoin over fiat because of its power. I mean the power to increase value and decrease value with the latter being the main reason. Fiat money doesn’t increase value easily
hero member
Activity: 3038
Merit: 634
Before people preferring to choose bitcoin because of the small fees and faster confirmation's.

So delay isn't a problem anymore for those people who are transacting online and loves to buy things online with bitcoin.

And there's no need to bring cash nor credit card if you want to go outside but there are bitcoin debit card which is also a good choice.
full member
Activity: 166
Merit: 100
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.

About buying drogs etc with bitcoin. I think it is better to buy drogs with cash since they cannot get into your track. In blockchain... there is alweys possible that CIA or police can track your trasactions. So this is just bullshit talk that media use it to scare peope a little bit... But time will show what bitcoin and cryprocurrensies are all about.

There are a lot of opinions that bitcoin is not as anonymous, as all of us think. But I prefer not to think about it.
I use crypto currency only to increase my income and receive additional benefits for my family. Fiat does not give me a high percentage of profits, so I love crypto
sr. member
Activity: 434
Merit: 250
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.

About buying drogs etc with bitcoin. I think it is better to buy drogs with cash since they cannot get into your track. In blockchain... there is alweys possible that CIA or police can track your trasactions. So this is just bullshit talk that media use it to scare peope a little bit... But time will show what bitcoin and cryprocurrensies are all about.
member
Activity: 168
Merit: 10
Bitcoin provide good system in transactions that require no trust because there is no person that administrate it but the community itself. It gives us a very good security by giving us the privilege of being anonymous. It also provide tax free transactions.
sr. member
Activity: 420
Merit: 250
The All-in-One Cryptocurrency Exchange
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, some people prefer to use bitcoin than fiat because using bitcoin is tax free and you can use it in different kind of transaction like paying bills and many more. In addition to that, bitcoin is very easy to use and you can also use it in gambling sites. Lastly, I think bitcoin is will become our future money.
Being tax free is one of the privilege bitcoin gives us and it is also very convenient to use though the use of it online and in physical store is still limited because not all accepts bitcoin as payment as of now but in the future bitcoin will be use worldwide.
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