Topic: Why some people prefer Bitcoin over fiat ? - page 45. (Read 58499 times)

Yes, me too, I will also choose Bitcoin rather than fiat. The reason as you stated, it is also a part. I think people like Bitcoin more than because of its security, security and transactional systems, its modern blockchain platform. It helps people to trade with each other is simple, much more convenient, cost savings. And just like you said before, Bitcoin can make a profit, even a big profit, to make it more profitable for them, which makes them like it more than.

The use of bitcoin whether it is illegal or legal is the same thing as the illegal or legal use of criminals in fiat money. We really can't stop it as these criminals are so wise and innovative in transacting their illegal products or services.

And that's why people chose Bitcoin over fiat. They can freely use Bitcoin as they want, and sadly, it can also be used in such thing that you have mentioned. But take a look in the positive side, the demand is still increasing that made it more profitable. The price also increase. They surely prefer bitcoin over fiat because of its advantages and it is more profitable for them.

The reason why some people prefer bitcoin is that buyers and sellers can transact without having there profiles revealed, for this reason why bitcoin is used in illegal activities but more people use bitcoin to pay for their services needed. For example in this forum, advertiser pays bitcoin for campaign signitures which is more convinient rather than using paypal or credit card, See , not all people uses bitcoin for illegal purposes and these people are increasing as they found it more convinient.

These all are valid reasons that we could prefer bitcoin over to fiat. But i am sure majority of the people want to use both of them, because without fiat bitcoin is useless and in real world, we need fiat more than bitcoin. No doubt bitcoin give us a lot of facilities, but all these facilities are belong to only online world. Then i will go in this way, where i get bitcoin and also fiat currency. 

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.

people prefer bitcoin over fiat, one reason being that bitcoin is decentralized, there is no national bank that is dictating the price of goods you can purchase when using bitcoin, also everyone can have bitcoin, as long as you have a secured wallet you can make transactions online with anonymity,  unlike with banks, people can view your transactions, if they asked the bank or of they can have in to the banks system. Fiat is also good, however since that fiat is no longer backed up by gold, having fiat money seems to be worthless, you can say you have a million of your country's currency in your hand, if you go to a place where in the exchange rate for your money has a lower value, you will not be happy owning that million, take Zimbabwe's currency for example, if you have a 100 trillion note it can only be exchange to 40 US cents, and that is due to overprinting of their money, not being backed up by gold, or any other commodity, unlike Saudi's currency, i believe it is still back up by their oil up until today, bitcoin however is backed up by digital information, like block chains, which in turn, has been used for transactions during its first years that has value of not higher than a 1 USD, and now bitcoin's price has moved upward, giving the holders a much higher capital gain, than fiat. I believe the value of bitcoin also contributes, to why people prefer bitcoin over fiat.

You don't have to exchange currency with bitcoin. If I have 1 BTC and send it to you, you now have 1 BTC. We didn't have to go through an intermediary and didn't have to exchange GBP for JPY. It is also not tied to any government and is free from political risk, or central bank policies. There is a limited supply vs. fiat where a treasury department could just print more money.

Bitcoin is decentralized, and is the reason why more people are being hooked up into it. They may use Bitcoin as they like, sadly there are people that uses their Bitcoin in illegal activities since Bitcoin and other cryptocurrency are opensource system. And I hope, in the future, there'll be restrictions on using Butcoin in illegal activities in order to preserve its good reputation.

Maybe before but as it's adoption is growing people does not only view this for illegal activities only.
In fact big country like japan are already accepting bitcoin for different type of business industry, that's how popular bitcoin now
and it has change the way people transact from centralized to decentralized.

When i first sighted the bitcoin, i see that bitcoin use for drugs, herbal plants that rare to found and other illegal and for me it is not new

From my own experience, Bitcoin is not fully anonymous. I believe someone can be traced in some ways when they’re using Bitcoin. The crypto with full anonymity is Ethereum.

Though people prefers Bitcoin more than that. Another thing that makes people accept bitcoin is because of easy transaction, full control over their money, smart investment, well…I think I should add “anonymity?

Unfortunately, due to Bitcoin's anonymity of its users, they can use it on things as they like whether it is good or not. There are lots of advantages of Bitcoin compared to fist. Its price increases from time to time because of its volatility. It is also decentralized so as I've said, you may use it freely and also, it is tax free to most of the places where it is used.

You don't need a credit card if you have bitcoin in your balance, you can simply but a debit card because nowadays there are a lot of it and we should be delighted with that since that means they are giving us comfort. When I will start my travel soon, I would try to use my debit which is funded with bitcoin, but since I am still in my country now which bitcoin is supported, I don't need that yet.

Well not all countries have already accepted Bitcoin as a mean of payment so you will still need to convert it to fiat to whatever country you're in. That's true using credit cards is a bit risky, but having this fact above Bitcoin is risky as well.

Man make different technologies and things such as Bitcoin to make our lives easier and safer. But in the end human abuse it and used in some illegal things. Hence, it depends on the person on how he or she use it.

Money is more anonymous than bitcoin, and bitcoin is not actually anonymous isnce transaction can be tracked through blockchain.  Probably people are holding bitcoin than fiat because it can be moved from wallet to wallet without the hassle of transacting in banks.  It has no boarder so it can be transfer anywhere in the world.  And most of all it is far from the regulation of the government.

I would say that people want to have bitcoin over fiat as it is more anonymous and transactions are much, much faster.
However, its anonymity also has money downsides, the biggest being that it is encouraging the expansion of the black market and dark-net. But, as an average consumer, it is a huge bonus.
Also, another big advantage of using bitcoin over fiat is that the value is harder to manipulate, in a certain way. Bitcoin's value is tied to its user, and is completely decentralised.

People prefer bitcoin over fiat because many people are interested in online transaction(like paypal) rather then paper money as it is fast, reliable and safe.
It is also decentralized and transit charges are not much in compare to fiat.

I think 2 reasons for that are that they think that bitcoin is safer, and of course that they can earn more money from bitcoins by trading or just buying them while they are cheap and selling them later. Of course some think of bitcoins as of gold and just keeps their money in bitcoins.