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Topic: Why some people prefer Bitcoin over fiat ? - page 51. (Read 58499 times)

legendary
Activity: 2100
Merit: 1000
it's true that bitcoin is being used in many bad sectors but literally why would it stop. bitcoin is a kind of money and money can be spent/transfer anywhere in the world in exchange for some product or any service. bitcoin is also used by deep web and most probably for all kind of crimes. we can see the recent ransomewhere attack which also demanded Bitcoin from common users.
Everyone can use money for illegal activities no matter payment is digital money like bitcoin,ethereum or fiat money. So bitcoin doesnt have any "deeply"  connection with deep web activities..
sr. member
Activity: 1638
Merit: 300
it's true that bitcoin is being used in many bad sectors but literally why would it stop. bitcoin is a kind of money and money can be spent/transfer anywhere in the world in exchange for some product or any service. bitcoin is also used by deep web and most probably for all kind of crimes. we can see the recent ransomewhere attack which also demanded Bitcoin from common users.

Anyone is thinking that bitcoin is widely used in many criminal activities because they are thinking that bitcoin can protect someone's identity making it an "anonymous " money. But the truth is, it is not.

Bitcoin may be pseudo anonymous, many people told us that these digital currency can still be tracked. And just last week, I've read an article about these. Here is the link.

www.cryptocoinsnews.com/terrorists-and-criminals-are-rarely-using-bitcoin-or-ethereum-eu-study-finds/amp/
legendary
Activity: 1274
Merit: 1004
it's true that bitcoin is being used in many bad sectors but literally why would it stop. bitcoin is a kind of money and money can be spent/transfer anywhere in the world in exchange for some product or any service. bitcoin is also used by deep web and most probably for all kind of crimes. we can see the recent ransomewhere attack which also demanded Bitcoin from common users.
hero member
Activity: 980
Merit: 523
People prefer to use bitcoin over fiat to take advantage of the investment opportunity it offers
and it helps keep transactions private and also have easy access to many services like VPNs, gambling sites
and other sites without going through know your customer checks
Bitcoin has outpaced almost any other market and investment, with the only exception of altcoins, so it is not really difficult to understand why people choose bitcoin over fiat, fiat only losses value as you hold it while bitcoin gains it, so it is easy to guess which one we prefer.
Actually as you are saying that fiat is losing there value with a passage of time. While bitcoin having a lot of power it is gaining yes you are right because it is gaining but if that bitcoin become to fiat money then the fiat of bitcoin will gain a lot of value. In which fiat money will be also famous just because of bitcoin would get a lot of value by becoming a fiat.
legendary
Activity: 1512
Merit: 1041
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.
If that so this will end up dangerously to the people who only used bitcoin for  their bad habits but not to those who are making bitcoin valuable. I think selling or buying bitcoin is not that easy because they need to know your full details, your identity, your ID's or your cards thats how they strict they are when about to bitcoin. So, how that it ended up like that?
I think the bitcoin is never going to end as see can see how popular the bitcoin i . now the price of the bitcoin is a bit dropped down but if we look at the other side of the bitcoin it is invented as a facility for the people and just to make our life relaxed but if some bad people use it as a bad way then it does not mean the bitcoin currency is bad we can wait till the august first.
Well explained, mate. I second your thought that the good and bad use of any inventions depends totally on the users mindsets. Bitcoins were basically invented to make us feel relaxed and independent. Before them, all transactions were hugely controlled by governments of the respective states. If people are using them for gambling, then on the other hand they are being used for the cancer treatments as well. In short, we can’t charge bitcoins in any way.
hero member
Activity: 826
Merit: 529
Because of its acceptability and credibility...
Bitcoin has already created versatile criteria regarding use it, not only that it is being accepted in many sources. bitcoin has also gained huge value in recent years, especially in the recent few months. so there are a lot of reasons to choose Bitcoin rather than any other crypto currency.
sr. member
Activity: 1498
Merit: 374
Leading Crypto Sports Betting & Casino Platform
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.
Bitcoin is a form of crypto-currency so people much prefer to used it on a online transaction where there is means of internet. In the world of technology it does not rely on tangible material such as fiat. So no doubt that bitcoin much prefer on that kind of transaction. But there is a quite related thing about bitcoin which it has future where people much seek for development for them to invest and to earn more for future purposes. So as a trader and investor people chooses to used bitcoin in transaction.
sr. member
Activity: 700
Merit: 251
Wow really.... i never heard about that. Well, i know that sometimes bitcoin is used by criminal. but i never know that it's this bad.
Actually, i believe that bitcoin is made to help us. To make many things easier. But you know, there're always some bad people out there. Who couldn't use something as the way it is.
So sad of course. We can't really stop them too. maybe we can prevent, by blocking bitcoin transaction in some porn or gambling websites. but it's nearly possible.
full member
Activity: 560
Merit: 111
Because BITCOIN is international money
https://bitcoincharts.com/markets/
hero member
Activity: 1148
Merit: 504
I believe one of the reason why some people prefer bitcoin over fiat is the feature of store of value of Bitcoin.  Having Bitcoin instead of cash enable us to have or gain more value though the downside is the opposite but since the market is not yet saturated and the incoming update seems bullish, there is more chance for Bitcoin holder to earn or gain value overtime.
Of course because by storing bitcoin people will benefit more than just storing fiat that does not give any benefit
Of course people prefer bitcoin than fiat for the benefit. I think nothing more than that because in addition, fiat is better than bitcoin in all things
full member
Activity: 252
Merit: 100
Because bitcoin has something amazing than fiat, but many countries are restricted to their capital controls?
hero member
Activity: 1610
Merit: 507
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.


Yes. You have to accept the fact that thanks to pornography, chess, illegal trading, more and more people use BTC. That is its nature. But they are abusing it, this will make Bitcoin become unhealthy. But in the future, when countries accept Bitcoin, this will be controlled and resolved

that is true and because of that, bitcoin is grow and it will famous in next month because now people is waiting what bitcoin will become, is it down or still increase more. its simple why some people prefer with bitcoin than fiat, i think it is because bitcoin give supports for us to do something without any one can tracked our record. and they are really like to use bitcoin because they can still hiding behind their rooms while they can do another thing they like.
full member
Activity: 212
Merit: 100
I have a lot of wealth, but I do not appeal to others. I will say the wealth that I have owned as much as 65% of other coin coins.
sr. member
Activity: 392
Merit: 292
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 is use as a money in online transaction and in fact there are sites which is deep/ dark web that has an illegal transaction of drugs, weaponry, sex related things etc. And that is part of Bitcoin because it is a cryptocurrrency or money for online transaction.
So basically what you're saying is Bitcoin has that kind of freedom when it comes to spending it 'wisely'. No wonder the government wanted total control of it. But then again, Bitcoin is a freedom tool and you can do whatever you want with this cryptocurrency, that's the whole idea of it.

Well, spending it illegally is not in the fault of Bitcoin itself it is in the human action. Humans tend to do this things because it is 'prohibited', we always wanted to try everything as much as possible for experience I guess, but only few of us thought what would be the consequences of it all.
member
Activity: 163
Merit: 10
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 is use as a money in online transaction and in fact there are sites which is deep/ dark web that has an illegal transaction of drugs, weaponry, sex related things etc. And that is part of Bitcoin because it is a cryptocurrrency or money for online transaction.
legendary
Activity: 1372
Merit: 1008
I believe one of the reason why some people prefer bitcoin over fiat is the feature of store of value of Bitcoin.  Having Bitcoin instead of cash enable us to have or gain more value though the downside is the opposite but since the market is not yet saturated and the incoming update seems bullish, there is more chance for Bitcoin holder to earn or gain value overtime.
I think most users choose bitcoin because bitcoin is more advantageous than fiat. But for spending of course many people who prefer to use fiat instead of using bitcoin. Because people would prefer to use something that is easy to use to shop rather than difficult to use like bitcoin
full member
Activity: 318
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.


Yes. You have to accept the fact that thanks to pornography, chess, illegal trading, more and more people use BTC. That is its nature. But they are abusing it, this will make Bitcoin become unhealthy. But in the future, when countries accept Bitcoin, this will be controlled and resolved
full member
Activity: 301
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.


In essence, BTC's society is not healthy, which entices members to engage in illegal gambling, pornography and trafficking. Bitcoin is so Thanks to that, Bitcoin co-developed faster. You should get used to this and look forward to the future when countries accept Bitcoin and control it closely.
hero member
Activity: 1022
Merit: 521
I believe one of the reason why some people prefer bitcoin over fiat is the feature of store of value of Bitcoin.  Having Bitcoin instead of cash enable us to have or gain more value though the downside is the opposite but since the market is not yet saturated and the incoming update seems bullish, there is more chance for Bitcoin holder to earn or gain value overtime.
Yeah that is also a benefit of having bitcoin but a long with that there are also many benefits of the usage of bitcoin like its transaction fees is very low and it also have the plus point that it is anonymous so we can send it to any country of the world without any restriction.
I am also using bitcoin because of its low price of transaction and I also use it because due to bitcoin I am getting online jobs and now I am able to earn money with bitcoin from home. while with fiat it was hard for me to earn money online from home.
hero member
Activity: 644
Merit: 500
I believe one of the reason why some people prefer bitcoin over fiat is the feature of store of value of Bitcoin.  Having Bitcoin instead of cash enable us to have or gain more value though the downside is the opposite but since the market is not yet saturated and the incoming update seems bullish, there is more chance for Bitcoin holder to earn or gain value overtime.
Yeah that is also a benefit of having bitcoin but a long with that there are also many benefits of the usage of bitcoin like its transaction fees is very low and it also have the plus point that it is anonymous so we can send it to any country of the world without any restriction.
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