Why some people prefer Bitcoin over fiat ? - page 65.

xSkylarx

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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.

Indeed, bitcoin's valuability is one of the reasons why all of us here prefers bitcoin than fiat. In bitcoin, its price is always fluctuating compare to fiat's price which is fixed, it also change but not that big like bitcoin. So, being a bitcoin users is one of the advantages that a single person could have, because he is superior to others who don't know bitcoin, because he is making more profits in using bitcoin compare to those people that only know is to earn fiat and close-minded in things like this thinking that it was just a scam.

jovs

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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.

Rogerdale

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Quote from: vnvizow on February 27, 2017, 08:32:30 AM

you can't ban p2p, as long as one miner is online the network will stay, just like TPB staying alive even though the main servers got shutdown

The network will stay, but if exchanging Bitcoins becomes a prosecuted criminal activity (or there will be discussions to ban it) most people will tend to sell their bitcoins and that will result in huge price fall. For now it is legal mostly because every government sees it as a sign of ongoing technical progress and doesn't want to let other countries benefit from it. China could have easily banned Bitcoin much more strictly, but they are just trying to get it under control. If, for example, Donald Trump, starts looking at Bitcoin and other cryptocurrencies as a safe financial haven for terrorists, bribers, tax evaders and drug dealers, everything will change (national security first, you know it...).

However, it's very good for Bitcoin that all transactions are visible, because it allows intelligence agencies to trace all transactions. So I believe they are going to benefit from Bitcoin for now rather than just ban it.

requester

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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.

vnvizow

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Quote from: Rogerdale on February 27, 2017, 07:02:00 AM

Quote from: Xester on February 27, 2017, 06:47:01 AM

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.

The main problem of Bitcoin is that it raises steadily and gradually over time, but can crash in minutes. What happens if vulnerability is found, if SHA256 gets cracked, if Bitcoin is banned worldwide with criminal prosecution? The price will fall in seconds, not even minutes...

you can't ban p2p, as long as one miner is online the network will stay, just like TPB staying alive even though the main servers got shutdown

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Quote from: YuginKadoya on February 27, 2017, 07:12:04 AM

Quote from: Xester on February 27, 2017, 06:47:01 AM

Quote from: BeGoods on February 23, 2017, 06:29:54 PM

Quote from: alisus on February 23, 2017, 05:59:52 PM

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 fiat
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!

Theres really a risk on everything and on bitcoin is not an exemption and as you said its price may deplete anytime and as an investor or user of bitcoin we should really be aware on the risk that attached to it and we just need to invest the money that we could afford to lose or risk/

YuginKadoya

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Quote from: Xester on February 27, 2017, 06:47:01 AM

Quote from: BeGoods on February 23, 2017, 06:29:54 PM

Quote from: alisus on February 23, 2017, 05:59:52 PM

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 fiat
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!

Rogerdale

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Quote from: Xester on February 27, 2017, 06:47:01 AM

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.

The main problem of Bitcoin is that it raises steadily and gradually over time, but can crash in minutes. What happens if vulnerability is found, if SHA256 gets cracked, if Bitcoin is banned worldwide with criminal prosecution? The price will fall in seconds, not even minutes...

Xester

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Quote from: BeGoods on February 23, 2017, 06:29:54 PM

Quote from: alisus on February 23, 2017, 05:59:52 PM

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 fiat
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.

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Quote from: NEWGOODOUBLE on February 26, 2017, 06:53:10 PM

Quote from: Rogerdale on February 03, 2017, 06:08:29 AM

Does anybody know what has happened to the yuan price of bitcoin on Coindesk? It jumped since Jan 30 from 6370 yuans to 7116 (just like as if yuan rate was 7.05), but dollar/yuan rate remained the same - around 6.86.

fluctuations in bitcoin make many people like bitcoin. because it can provide great benefits than you just hold fiat in wallet
That's why users prefer to use bitcoin

And now yuan price at coindesk is 7843.45 and dollar price is 1184.72 which gives 6.62 rate. It is below official renminbi rate. How do you explain that? People don't like Bitcoin in China any more?

NEWGOODOUBLE

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Quote from: Rogerdale on February 03, 2017, 06:08:29 AM

Does anybody know what has happened to the yuan price of bitcoin on Coindesk? It jumped since Jan 30 from 6370 yuans to 7116 (just like as if yuan rate was 7.05), but dollar/yuan rate remained the same - around 6.86.

fluctuations in bitcoin make many people like bitcoin. because it can provide great benefits than you just hold fiat in wallet
That's why users prefer to use bitcoin

requester

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bitcoin is good for making free money as we can invest few of our capital and make trading with those bitcoin and could easily make few extra dollars out of that principal capital. so they might like to use bitcoin over fiat currency.

NEWGOODOUBLE

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Quote from: 8Habits on February 23, 2017, 06:19:45 PM

Quote from: savioroshan on February 03, 2017, 10:54:04 AM

Quote from: Qunenin on February 03, 2017, 09:30:12 AM

Quote from: deppil on February 02, 2017, 06:17:31 PM

Quote from: _nur on February 01, 2017, 08:49:33 AM

because they have a stake on it

they have interest on more fiat going into btc

there are certainly differences of fiat to bitcoin that make a person more interested in using bitcoin than fiat, for myself of course bitcoin be keeping a secret my transaction so I prefer bitcoin for this

Yah, this is one of the best of bitcoin your transaction remains secret, and why people preferred to use this in some illegal matter, yet once your wallet was revealed and people know that this wallet is yours transaction is not anymore secret. This is one feature of bitcoin which can be used in positive sense and also in negative sense.

I agree wih you.Bitcoin transaction is anonymous . Thats why people prefer using bitcoin. But this is not the only reason .In my opinion there are two more reasons for it. One reason is bicoin's price is increasing day by day.So many people want to keep bitcoins as a future assest or investment.Because they think its price will rise again. Another reason is its very easy to transfer bitcoins from one part of the world to another part. That too processing fee is much lesser when compared to paypal and other banking process.No headaches and no stress.Just you need a computer and internet .Thats it. I think its because of this people are preferring bitcoins over fiat.

That is correct about bitcoin that it is fairly cheap to transact, fast, easy, and anonymous. I have a friend that when we talk about money, he convert everything to bitcoin because he is now considering bitcoin as his primary currency.

but I think at this time to use the services of bitcoin. you have to pay an expensive fee to get the deal fast and instant. because if you use a low fee. surely your transaction will be very slow

ilovefeetsmell

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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.

Do you have any proof that bitcoin is being used in porn sites, drug dealing sectors? We do not eliminate the evildoers. Better to do is to prevent them and let the authority do their jobs.

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

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 was made for a better transaction. It hurts a lot for the bitcoin community that has a good intention to help others.

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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.

Well, we can't control people to use bitcoin for porn sites, gambling and drug dealing sectors. That's why people prefer using bitcoin when do something bad like that, police can't do shit about that and can't control the bitcoin and i think bitcoin is really good for online transaction. Low fee and easy transaction are the most important for now and bitcoin really suit it.

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Quote from: Sadlife on February 23, 2017, 10:57:30 PM

Because bitcoin is faster when it comes to payment transactions and it is more secured cause you dont have to input any of your personal information like paypal.
This crypto currency has become more valuable through the years and still growing it has prove that digital currency is much more profitable than fiat and governments fear it because of its decentralized feature and they cannot control it for their own benefits.

Bitcoin really help other people especially students and the jobless some people is using it as a source of their daily income.

Yes it also good investment too, it seem bitcoin price will reach more than $2000 at the end of this year. but fiat on the contrary, its value is always down each year due to inflation. government efforts can only minimize it but can not stop it.

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Because bitcoin is faster when it comes to payment transactions and it is more secured cause you dont have to input any of your personal information like paypal.
This crypto currency has become more valuable through the years and still growing it has prove that digital currency is much more profitable than fiat and governments fear it because of its decentralized feature and they cannot control it for their own benefits.

Bitcoin really help other people especially students and the jobless some people is using it as a source of their daily income.

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Quote from: gandame on February 23, 2017, 10:31:36 PM

People prefer to use bitcoin rather than fiat because of fast transactions of payment system online and is very convenient to use. The use of bitcoin surely be a future of currency in the future years of digital currency and those features will really influence people so much. As the start of 2017 in january until present, bitcoin performed well and that gained more positive impressions in all who adopts this currency to be much profitable than fiat.

These days bitcoin has failed to give the fastest transactions with its delay in confirmation time. Also bitcoin is not convenient for people who use cash because of its decreased acceptance for daily needs. This might increase in the future when more users adopt and start using. 2017 has given a big increase but the global requirements is not fulfilled.

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People prefer to use bitcoin rather than fiat because of fast transactions of payment system online and is very convenient to use. The use of bitcoin surely be a future of currency in the future years of digital currency and those features will really influence people so much. As the start of 2017 in january until present, bitcoin performed well and that gained more positive impressions in all who adopts this currency to be much profitable than fiat.

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Quote from: 8Habits on February 23, 2017, 06:19:45 PM

Quote from: savioroshan on February 03, 2017, 10:54:04 AM

Quote from: Qunenin on February 03, 2017, 09:30:12 AM

Quote from: deppil on February 02, 2017, 06:17:31 PM

Quote from: _nur on February 01, 2017, 08:49:33 AM

because they have a stake on it

they have interest on more fiat going into btc

there are certainly differences of fiat to bitcoin that make a person more interested in using bitcoin than fiat, for myself of course bitcoin be keeping a secret my transaction so I prefer bitcoin for this

Yah, this is one of the best of bitcoin your transaction remains secret, and why people preferred to use this in some illegal matter, yet once your wallet was revealed and people know that this wallet is yours transaction is not anymore secret. This is one feature of bitcoin which can be used in positive sense and also in negative sense.

I agree wih you.Bitcoin transaction is anonymous . Thats why people prefer using bitcoin. But this is not the only reason .In my opinion there are two more reasons for it. One reason is bicoin's price is increasing day by day.So many people want to keep bitcoins as a future assest or investment.Because they think its price will rise again. Another reason is its very easy to transfer bitcoins from one part of the world to another part. That too processing fee is much lesser when compared to paypal and other banking process.No headaches and no stress.Just you need a computer and internet .Thats it. I think its because of this people are preferring bitcoins over fiat.

That is correct about bitcoin that it is fairly cheap to transact, fast, easy, and anonymous. I have a friend that when we talk about money, he convert everything to bitcoin because he is now considering bitcoin as his primary currency.

For now its not cheap unlike before they are slowly increase the block size of every transaction and i think we are not so anonymous i just hear that we are not all anonymous unlike tor users.. the transaction speed is not so fast unlike before sometimes delay sometimes fast.. there is no exact speed of the transaction.. but if you want to fast your transaction you need to pay high fee for transaction but sometimes even you are paying high amount of fee it can takes slow transactions..

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