Topic: Why some people prefer Bitcoin over fiat ? - page 62. (Read 58499 times)
More easy for transactions is my considering to use bitcoin over fiat money. Besides that, bitcoin also can use for long term investment, and I like gambling so, when gambling with bitcoin is more secure.
No !!! he'll use it in a way that is not true, but don't worry!
It was only a few people choose to spend money on is entirely up to them and the business. paper currency and credit are used daily to buy porn, drugs and gambling,
Don't for all
I think only some people who prefer to use bitcoin than fiat dude. because actually many other users still rely using fiatIt was only a few people choose to spend money on is entirely up to them and the business. paper currency and credit are used daily to buy porn, drugs and gambling,
Don't for all
and use them to major currencies
The main reason why normal people prefer bitcoin over fiat currency is the ability of bitcoin to increase in price. As of now bitcoin continues to rise in value and it has attracted more and more people to save their money in bitcoins rather than bank. There is more profit in placing your money in bitcoins than leaving it on banks.
You forgot to mention that it can also make your money deplete if the value goes vice versa and I think it is still risky if you had no experience in the movement of bitcoin would be, yes it is greater that fiat in the term to save and invest of money but there are still a down side if you are not very careful in your every move regarding it!
Awareness sometimes doesn't help you in resisting in playing gambling because addiction is always there and a person may really never know if he is really addicted or not with gambling, even if a gambler is aware with the reality that gambling is risky if a gambler is addicted there is no choice from him but the will to stop in gambling, but if he can surely reform himself with addiction I think he can surely evade and can be affected with his awareness towards it.
An innovation always makes people active for a long. In such a manner people who truly understand the potential and strength it has in all forms prefer bitcoin over fiat though the acceptance is quite low at the moment.
I look at the entire scenario of the comparison, in general I prefer to the most valuable to the majority because they decide what should remain or what should be eliminated. Fiat has served us for years already and we have no problem using it as a currency, and if you compare that to bitcoin as currency, you can already tell who are the most trusted and the easy answer is fiat all the time.
Bitcoin can only give us a benefits in life if we are an investor because of the demand which we can prove what is happening recently. But this investment or asset that we are trusting as still in it's risky stage since the government has yet to determine on how to officially regulate it.
That is so true. If we invest, trade, and gamble online, that is the best time to use bitcoin. However, the rest will be on fiat money because big businesses always prefer fiat as their main mode of payment. s
An innovation always makes people active for a long. In such a manner people who truly understand the potential and strength it has in all forms prefer bitcoin over fiat though the acceptance is quite low at the moment.
I look at the entire scenario of the comparison, in general I prefer to the most valuable to the majority because they decide what should remain or what should be eliminated. Fiat has served us for years already and we have no problem using it as a currency, and if you compare that to bitcoin as currency, you can already tell who are the most trusted and the easy answer is fiat all the time.
Bitcoin can only give us a benefits in life if we are an investor because of the demand which we can prove what is happening recently. But this investment or asset that we are trusting as still in it's risky stage since the government has yet to determine on how to officially regulate it.
An innovation always makes people active for a long. In such a manner people who truly understand the potential and strength it has in all forms prefer bitcoin over fiat though the acceptance is quite low at the moment.
yes bitcoin gives us opportunity to earn money and do transactions instantly and have many other good reasons to use bitcoin. well they are boon for bitcoin and we support them for liking bitcoin.
Yeah that is the great advantage of bitcoin that you can earn it by less effort and you can earn a decent amount through different source. It is more than a currency. I think most of the people used it for business purpose rather than for online selling and purchasing. Real money is mostly for daily use and it is hard to earn. If you see good, you will know very well that Btc used for contraband...
it may be done, considering the bitcoin is a great payment method to the black market because it is anonymous so your identity will not be revealed and will definitely secureSome people prefer bitcoin because of it's anonymity. They prefer not to be known who they are or what their details are. Some ask for it because of their own protection also but making it anonymous, makes it more dangerous. Better yet, ask for an escrow for transactions. Bad people prefer it because they can buy illegally and possibly get away with it, that's only my opinion.
But now exchanges need identity verification so now bad people cannot use it for illegal activities. They will know that their identity is already available with a specific exchange so with their address they can identify that what are they doing with their bitcoin. Just like coinbase can find that who is transacting to a gambling site.That's what mixers and/or altcoins are for. No one with at least some sort of Bitcoin understanding will cash out coins from an exchange and directly use it to buy drugs or weapons in dark net markets. People firstly mix their coins through a mixer, and then convert their coins to an altcoin offering anon features. And then they either convert it back to Bitcoin, or they use that altcoin to buy whatever they want. It's not for nothing that Monero has been implemented in the dark net market AlphaBay.
If you see good, you will know very well that Btc used for contraband...
it may be done, considering the bitcoin is a great payment method to the black market because it is anonymous so your identity will not be revealed and will definitely secureBitcoin 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 simply a digital currency technology that allows people to transact over the world easily in pseudonymous condition. If their transaction cannot easily trace or link to the owner, then it is a perfect option to do illegal activities such as buying drugs or else.But I think bitcoin suitable for some condition and fiat money for another condition, fiat money is untraceable as long as they avoid bank and deal with cash. So, they don't misuse bitcoin, it created as a medium of exchange without any restriction to use it even though for negative things, all others are being used for good and bad things too.
btc and blockchain are made by geniuos. Btc is valuable and that's why people use them. No matter in witch way: legal or illegal. This is up to people, not up to currency.
I think they prefer Bitcoin over fiat because of but not limited to the following reasons
1. Decentralization
2. Low transactions fees compared to others love he western union, moneygram etc.
3. Funds are Always Accessible among other reasons.
1. Decentralization
2. Low transactions fees compared to others love he western union, moneygram etc.
3. Funds are Always Accessible among other reasons.
Some people prefer bitcoin because of it's anonymity. They prefer not to be known who they are or what their details are. Some ask for it because of their own protection also but making it anonymous, makes it more dangerous. Better yet, ask for an escrow for transactions. Bad people prefer it because they can buy illegally and possibly get away with it, that's only my opinion.
But now exchanges need identity verification so now bad people cannot use it for illegal activities. They will know that their identity is already available with a specific exchange so with their address they can identify that what are they doing with their bitcoin. Just like coinbase can find that who is transacting to a gambling site.
Bitcoin is considered as a perfect investment than other commercial and commodity investment. It has grown big in a short that no other currency can reach. This makes people prefer bitcoin over Fiat.
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 earning bitcoins or having bitcoins means two things, you have bitcoins, then you have dollars, while having just Fiat means you only have Fiat, nothing else. So, having bitcoins means you can have a lot of money by having profits from bitcoin in converting it to dollars in the right time, and compare on just having a Fiat, which price is fixed, we could be rich or could get easily what we want in doing bitcoin, that is why we prefer bitcoin over Fiat.
You have less limit (or none) with Bitcoin compared to fiat. You don't have a daily limit with Bitcoin while your Visa/Mastercard card has. Nobody will try to stop you to send funds to someone with Bitcoin while banks can do like it happened to me before when i wanted deposit funds to kraken and the bank told me, nope risk fraud LOL. It's my money i don't need them to tell me what is a fraud, I need to sign a special letter to make them the SEPA transfer. With Bitcoin you are your own bank you really hold your money while with banks once you deposit money to your account, officialy the money is not your anymore. You just lend the funds to your bank with a promise they will give you it back anytime you ask
Bitcoin value is increasing, fiat no
yes bitcoin gives us opportunity to earn money and do transactions instantly and have many other good reasons to use bitcoin. well they are boon for bitcoin and we support them for liking bitcoin.
honestly than getting fiat. get bitcoin more easier You can get some satoshi simply by using faucet whereas it is very easy to get bitcoin if you want get fiat money you need to work extra dude
Some people prefer bitcoin because of it's anonymity. They prefer not to be known who they are or what their details are. Some ask for it because of their own protection also but making it anonymous, makes it more dangerous. Better yet, ask for an escrow for transactions. Bad people prefer it because they can buy illegally and possibly get away with it, that's only my opinion.
Plus it's more safer to use bitcoin on internet, you cant be robbed
However you can be hacked.
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