Why some people prefer Bitcoin over fiat ? - page 64.

HEWRA

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Quote from: TTMNewsK on February 28, 2017, 04:47:11 AM

There's a lot of reasons why people prefer to use the btc over fiat.
I think one of their reason why they stick to btc, its because btc has a lot of great features than the fiat and its also much more profitable than the fiat.

I get your point of thinking, but it is not like that in my opinion, because with fiat u can pay basically anywhere, without any problem ( unless you have wrong currency ),
and with bitcoin, you can only pay in few stores so we need to take some time before saying things like that

TTMNewsK

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There's a lot of reasons why people prefer to use the btc over fiat.
I think one of their reason why they stick to btc, its because btc has a lot of great features than the fiat and its also much more profitable than the fiat.

1Referee

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Quote from: rajasumi3 on February 28, 2017, 03:44:55 AM

The most important thing about bitcoins is that when u buy things with bitcoins you dont have to give tax .

It depends on how your local government have set up their jurisdiction. In some cases you do have to pay tax over large purchases (e.g. property, investments in your house, cars, etc). It's not that Bitcoin offers anyone a free life without paying tax. That's something a lot people here seem to think.

Quote from: rajasumi3 on February 28, 2017, 03:44:55 AM

It is very important to note that bitcoin is being widely used in the deep web for different purposes.

To me it's not important at all. Why would you (and others) care about what is happening in a 'closed' part of the internet the far majority of the people don't even know what it exactly is? I just don't understand why people constantly worry about what others do. In one case people shouldn't be holding their coins as it is "against" Bitcoin. Other case is that people shouldn't be able to purchase drugs with Bitcoin because they are "destroying" the image of Bitcoin. It's all nonsense. People must do what they think is right. If they purchase drugs, so be it. If they stock up their coins without any intentions of spending, so be it.

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Quote from: Carlsen on February 28, 2017, 03:29:40 AM

Quote from: malekbaba on December 22, 2016, 04:57:22 AM

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 what people do with their coins is just their business, as long as it is not against the law (that excludes using bitcoins for drugs).
But porn or gambling? If somebody has fun with that, let him. I don't judge.
And that surely is no misuse of bitcoin.

That's not the main reason why some people choose bitcoin over fiat, we the supporters of bitcoin chooses it because we believe we can get benefits form it in the future. As it continue to exists we see the value increases as well and that is what we are after.

Some holders uses their bitcoins in illegal transactions but there is no difference with fiat since it can also be used with the same transaction, and in fact, more people are using fiat for illegal transactions than with bitcoin holders.

rajasumi3

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The most important thing about bitcoins is that when u buy things with bitcoins you dont have to give tax . It is very important to note that bitcoin is being widely used in the deep web for different purposes.other than that bitcoin is being used for other different purposes also like shopping , buying stuffs from the internet.

iv4n

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Quote from: malekbaba on December 22, 2016, 04:57:22 AM

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.

Porn, gambling, drug dealing and other illegal activities are not invented after bitcoin! This is around us for centuries, just in this 2017 people find easier to use bitcoins for that, and I salute that. That is what makes bitcoin a currency, anyone can use it in the same way like you can use dollars, euro's or any other fiat currency, and we know that you can do illegal things with any of them.
Society is unhealthy for another reasons. You miss something here, bitcoin doesn't have nothing with that, blame politics, governments, they are guilty for everything.

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Quote from: malekbaba on December 22, 2016, 04:57:22 AM

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 what people do with their coins is just their business, as long as it is not against the law (that excludes using bitcoins for drugs).
But porn or gambling? If somebody has fun with that, let him. I don't judge.
And that surely is no misuse of bitcoin.

betlord90

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Quote from: malekbaba on December 22, 2016, 04:57:22 AM

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 easy to transfer and they do not know who is the owner of any bitcoin wallet. Thats why many people use it in illegal activities like you said they pay using bitcoin. And some reason thats why they choose bitcoin because they can stored it safely and no need bank account details to used it.

Amph

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simple because they cna't tell how much money you have, i hate that they have full monitoring about my money, and you don't need to pay tax if you don't use your coins

while with fiat the simple holding of a big amount put you in a position to pay taxes, even if you don't use them, which is stupid

another thing that i like over fiat is that i can send the money on weekend, while with bank you can not, which is another stupid limitation, to play with your money on the stock/forex market in the weekend...

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Quote from: abel1337 on February 28, 2017, 02:21:21 AM

I myself prefer bitcoin as much as we are able to use bitcoin on transactions. There are many reasons why people choose bitcoin over fiat , I think one of the reason is bitcoin is too profitable over fiat , Fiat price is much stable than bitcoin. We can earn profit in bitcoin even we have a small amount of bitcoin.

But that is not the reason why OP is disappointed about people who prefer bitcoin over fiat.

He is disappointed on how it is used in wrong ways and on ways that we don't regularly do like in live porns and drugs and other things that could stain the good name of bitcoin.

IMO, they prefer bitcoin as it doesn't require putting your own name in it while paying, as simple as that, you almost don't leave a trace when you use bitcoin in illegal things except if they are already watching you and your bitcoin before you do the transaction, but still, it's hard to locate your location.

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I myself prefer bitcoin as much as we are able to use bitcoin on transactions. There are many reasons why people choose bitcoin over fiat , I think one of the reason is bitcoin is too profitable over fiat , Fiat price is much stable than bitcoin. We can earn profit in bitcoin even we have a small amount of bitcoin.

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Quote from: malekbaba on December 22, 2016, 04:57:22 AM

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.

Yeah, we have amit that, more people are using bitcoin nowadays and that number will grow faster and bigger in the next 3-4 years. About your sadness, I have same feeling too, I mean the main reason for people to use bitcoin is an anonymous method to transfer payment, and ofcourse, that is a very appropriate for those system that you've told about. They will feel danger-free to buy-sell every with bitcoin. I agree with you that block chain technology is a developed breakthrough but to have a "cleaner" market of bitcoin, we should talk more and do more about that not just cry for.

Meliodasama

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because bitcoin easy to use
bitcoin just digital coin , and someone can directly tranfer each other
so many online services provide bitcoin for main payment

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Quote from: n0ne on February 28, 2017, 01:00:04 AM

Quote from: OrangeII on February 27, 2017, 01:53:14 PM

because they saw a greater opportunity when utilizing bitcoin than fiat. well, maybe they are not so big salary, and bitcoin pay them more than the salary they get, so as to make them think that bitcoin will be better than fiat.

In reality bitcoin haven't got more opportunities for usage and earning compared to fiat. Right now fiat has got more access to all sort of daily needs. Its good to have a daily job and save the earning into bitcoin address. This makes the earning get multiplied in a short or long term.

In real life that's true...

OP wants to know why bitcoin was a preferred currency over fiat when it comes to some nasty jobs and activities... The common reason for that is you can get bitcoin almost free, that means this is free money to those who don't have, and extra money to those who have...

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Quote from: OrangeII on February 27, 2017, 01:53:14 PM

because they saw a greater opportunity when utilizing bitcoin than fiat. well, maybe they are not so big salary, and bitcoin pay them more than the salary they get, so as to make them think that bitcoin will be better than fiat.

In reality bitcoin haven't got more opportunities for usage and earning compared to fiat. Right now fiat has got more access to all sort of daily needs. Its good to have a daily job and save the earning into bitcoin address. This makes the earning get multiplied in a short or long term.

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Quote from: OrangeII on February 27, 2017, 01:53:14 PM

because they saw a greater opportunity when utilizing bitcoin than fiat. well, maybe they are not so big salary, and bitcoin pay them more than the salary they get, so as to make them think that bitcoin will be better than fiat.

Even if people prefer bitcoin over fiat when it comes to accumulating coins and guess what they will be doing ,they will be converting it to their local currency and the end product is fiat no matter what. So people are here making some quick bucks without a doubt.

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Quote from: requester on February 27, 2017, 08:47:22 AM

yes bitcoin does have its advantage because bitcoin gives the user opportunity to earn money and ma happy living just with a smartphone or laptop. bitcoin have good points like price hike which results in more value of available bitcoin in wallet.

That is the catch of bitcon as you can mint your money staying at home and can make coins while doing online jobs ,faucets and campaigns. People from third world countries are enjoying the perks of bitcoin and other crypto currency as most are getting much better pay than their regular jobs.

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Quote from: OrangeII on February 27, 2017, 01:53:14 PM

because they saw a greater opportunity when utilizing bitcoin than fiat. well, maybe they are not so big salary, and bitcoin pay them more than the salary they get, so as to make them think that bitcoin will be better than fiat.

OP said that he is hurt by the way how bitcoin was used by many in their malicious activities. He doesn't asked if it is a good way to earn compared to anyone's salary.

Anyway, it's part of a thing that has value, it is being used as tool to be used either in good and bad. We have nothing to do about it. The only way we could help is to not doing what those crooks are doing with their bitcoin.

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because they saw a greater opportunity when utilizing bitcoin than fiat. well, maybe they are not so big salary, and bitcoin pay them more than the salary they get, so as to make them think that bitcoin will be better than fiat.

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Quote from: jovs on February 27, 2017, 10:06:48 AM

Quote from: ralle14 on December 22, 2016, 05:18:30 AM

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.

Yes the best reason to choose bitcoin over fiat is because of its taxless ability . You can earn more in bitcoin not just because it's value is changing faster than fiat but also it has no tax. In bitcoin you can save because you can have wallet like coin.ph where you can paybills, buyload or even convert it if you need money. Also im bitcoin you can trade and invest because there is lot of things that bitcoincan do than fiat.

Why more Bitcoin users prefer bitcoin over fiat means first reason is yes Bitcoin is taxless and to use bitcoin there is no restriction. And now we got a lot of options to make money from Bitcoin. And the price is also helping people to use more bitcoin over fiat. And one more thing is in some country the currency value is very less for them this bitcoin will giving nice profit. So people started to use Bitcoin than fiat currency.

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