Topic: Why some people prefer Bitcoin over fiat ? - page 6. (Read 58499 times)
We don't need to compare bitcoin with fiat money, because 99% of people would choose the fiat money over bitcoin. As far we know, bitcoin is going to provide a very good source of income for the people and it's price is also very high than any other currency because when you start investing here it can change your life.
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.
Because a lot of people like the privacy of the Bitcoin and other alts like dash and monero.Also it more easy to transfer Bitcoin then money in the bank
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.
Because in that way every person control his money and no one else can tell him what to do and when to do it.Also transfer of Bitcoin is a lot faster then by calling the bank and tell them to transfer money.
Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ?
nope. I think satoshi did not make bitcoin for that bad use. 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.
yeah, actually it will make people who do not use bitcoin will think that bitcoin is for criminals. and I ever read someone made a thread who said that his father did not agree his job to earn bitcoin. it was reallt bad.Let's not focus on the disadvantage. Technology was created to improve our lives in terms of financial, economical and even in healthcare. Most of us prefer Bitcoin not because of what you have mentioned above. We prefer Bitcoin because of its characteristics that we believe that will solution to the problems we are facing right now in our Economy.
A very accurate reason, and I believe that it is one of the explanation of each of the members, even I myself I do have the same opinion regarding on this matter. Bitcoin is a money in terms of digital while fiat is what we need in our daily life because this is the acceptable money in each of every country we are belonging. We are dealing with bitcoin because we like to earn as much as what we earn in a regular job.
In my opinion, I Remember when I read some article Satoshi said that bitcoin is unmanageable by the government. I know bitcoin is made to create a new kind of currency that will benefit all person even the indigent person in an acceptable way. There some people take advantages bitcoin inappropriately, which is buying drug transaction and gambling. We can’t avoid those kinds of people. This issue is the one reason why other country prohibition the bitcoin they know some people can do some crimes activities will be done with bitcoin.
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.
Because its unregulated so no one can control it and people prefer it like this, in addition Bitcoin is a lot more fast. if you want sending money off board you send it with in one hour top.
1. The transaction in Bitcoins occurs almost instantly.
2. Bitcoin Network is Secure and very very strong, you control your coins and you keep them all at your disposal all the time. Removes the trust factor.
3. You pay a very small amount of fee for any transaction.
4. Bitcoin rates against fiat currencies worldwide fluctuates a lot and the profits (and losses) could be very dramatic very soon.
5. Bitcoin price factor are universal and it is same for anyone. Same for you and for anyone anywhere else in the world.
6. Bitcoin transactions are anonymous and there is no third party that can, in any way manipulate with your transaction.
2. Bitcoin Network is Secure and very very strong, you control your coins and you keep them all at your disposal all the time. Removes the trust factor.
3. You pay a very small amount of fee for any transaction.
4. Bitcoin rates against fiat currencies worldwide fluctuates a lot and the profits (and losses) could be very dramatic very soon.
5. Bitcoin price factor are universal and it is same for anyone. Same for you and for anyone anywhere else in the world.
6. Bitcoin transactions are anonymous and there is no third party that can, in any way manipulate with your transaction.
It is decentralized, payment with bitcoin is unanimous, and often profit is not taxable.
Bitcoin has a lot of features and because of that features people from every field are getting benefits from bitcoin so they prefer bitcoin over fiat.I think it's main reason is bitcoin advantages. Bitcoin is secure, fast transactions, has low fees. We also can buy stuff and pay our bills with bitcoin. That makes our daily chores easier.
Bitcoin take the more power than fiat because of its decentralized, fast, anonymous transactions. And you can consider its secure wallet that allows your wallet not accessible to anyone. And since government and bank cant manipulate its price, it doesn't have tax on it that makes it more beautiful.
There are many advantages of bitcoin over fiat, it's decentralized, anonymous, there's no limit in transactions and it's easier to make transaction wherever you are in the world, with bitcoin we are also free from taxes. Also, there's a lot of people now that earns bitcoins and with that, they can buy almost anything now even without turning them into fiats.
If you will also list the benefits in using fiat for sure there are plenty to list. Actually there is no need to choose because in reality if we are bitcoin users we also fiat as at the end of the day we convert our bitcoin into fiat.
Some people are using bitcoin because it's a good investment, it has give a lot of profit to early investors so people think they have a chance to succeed as well.
There are many advantages of bitcoin over fiat, it's decentralized, anonymous, there's no limit in transactions and it's easier to make transaction wherever you are in the world, with bitcoin we are also free from taxes. Also, there's a lot of people now that earns bitcoins and with that, they can buy almost anything now even without turning them into fiats.
holding fiat currency wont give you any profit or interest but bitcoins can afford you that opportunity to make interest on your money which would have been kept in fiat. Fiat can also be hit by inflation and your real value of your money will reduce.
Many people prefer bitcoin over fiat for several reasons. There are several advantages of bitcoin over fiat. Bitcoin is not controlled by the government so it's a better way of having profits. Some people may say that bitcoin is used for illegal and bad intentions. Bitcoin is not the problem but the abuse of the people. Anything good can be corrupted because of the people using it and not because of bitcoin itself.
holding fiat currency wont give you any profit or interest but bitcoins can afford you that opportunity to make interest on your money which would have been kept in fiat. Fiat can also be hit by inflation and your real value of your money will reduce.
Considering the reason that Bitcoin is decentralized, you can purchase goods through Bitcoin without dictating its price. Also Bitcoin is accessible to all since your only need a secured wallet for it so that you can make transactions anonymously but keep in mind that you need to be connected online your to access your wallet. And take note its fast transactions are the best the tx fees are the down sides but there are some that dont have require tx or high tx fees.
Although bitcoin is decentralized, bitcoin price changes. And for this time its value is increasing giving people who owned some, earned enough profit. It is more than just a currency but an investment also. Bitcoin is suitable in any kind of people. The only thing they need is knowledge about it and how to earn it. You can grow it in many ways like trading with other altcoin.
There are lot of reasons as to why people would prefer bitcoin rather than fiat currencies. Considering the limitations that possessed by fiat, bitcoin is more preferable because there are no limits as to the transactions. Bitcoin is more faster and accessible rather than fiat. But we cannot deny the fact that there are people who took advantage of bitcoin. We have no control over them as they have their own kind of handling bitcoin.
Everybody has its own preference, But i dont think bitcoin can be preferred over fiat, except you have a lot of money that cant fit in a bank . 
Let's not focus on the disadvantage. Technology was created to improve our lives in terms of financial, economical and even in healthcare. Most of us prefer Bitcoin not because of what you have mentioned above. We prefer Bitcoin because of its characteristics that we believe that will solution to the problems we are facing right now in our Economy.
You are right mate but aside from that, I honestly say that I am guilty as well to the fact that many people are taking advantage of the high price value of bitcoin and just invest and hold it regardless of reasons. Yes, bitcoin can really be a good alternative in the growing inflation rate and control of government towards fiat money but it is really a hard and good fight ahead for bitcoin to win the hearts and minds of the people to finally realize the downside of using fiat money and the upside of cryptocurrency.
The road of bitcoin in achieving it is very hard, long and winding but it is worth the ride if you are a believer.
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