Topic: Why some people prefer Bitcoin over fiat ? - page 70. (Read 58499 times)
Since the bitcoin is not real money. We cannot buy it thoroughly in our markets. And the fiat money is a legal money and that is approved by government. Many says that the bitcoin is for criminal why? because bitcoin is not legal for other country. But because bitcoin has a bitcoiners it will continue increasing the graph for bitcoin over fiat, cause bitcoin is easy and I started already it so I will stay with it.
Bitcoin is better for online purchases and international transfer(the legal and illegal ones, but some people concentrate too much in the illegal aspect), because it is quicker, almost always cheaper and won't require bank accounts or sign ups in sites that could froze your account at any time
That is the reason why it is being choose by people who wants to do shady things, no name being staked, no banks to froze your account, no one notices which is which without investigating. Those features is supposed to be a good feature of bitcoin and supposed to be used for good. Unfortunately we cannot choose who will use bitcoin.
Low transaction fees is what attracts me to bitcoins and also the fact that I can stay anonymous with it. My country doesnt regulate BTC as of yet. So, even that helps to an extent. Also the fact that it is easy to use and I can see the transaction going through on blockchain.
Bitcoin is better for online purchases and international transfer(the legal and illegal ones, but some people concentrate too much in the illegal aspect), because it is quicker, almost always cheaper and won't require bank accounts or sign ups in sites that could froze your account at any time
Bitcoin is private, secure, transparent, tamper-proof, easy for international transfers. All these are much better than fiat. Of course I don't think bitcoin will replace fiat due to its limited quantity.
Yes it is, and that's the reason why some use it in their illegal activities and on things that they don't want their names to be exposed in public. It doesn't matter whether it replaces fiat or not, the thing is, you can use it in activities that you want as long as it is accepted.
Actually watching porn is not a crime, only that when you keep on watching it, you might end up looking for a real thing. So using bitcoin in paying your subscription in a porn site is just fine I think.
I see it as ease of doing transactions and it has nothing to do with morality and such values. Criminals will use bitcoin if they find that it is better than fiat currency but that doesn’t mean bitcoin is wrong or criminal’s currency. I am not favouring illegal activities but yes, bitcoin is far more useful for everyone and sadly for criminals too.
If a certain person uses this for illegal activities then it's his freedom and he should be accountable for it.
Bitcoin is private, secure, transparent, tamper-proof, easy for international transfers. All these are much better than fiat. Of course I don't think bitcoin will replace fiat due to its limited quantity.
Yes it is, and that's the reason why some use it in their illegal activities and on things that they don't want their names to be exposed in public. It doesn't matter whether it replaces fiat or not, the thing is, you can use it in activities that you want as long as it is accepted.
Actually watching porn is not a crime, only that when you keep on watching it, you might end up looking for a real thing. So using bitcoin in paying your subscription in a porn site is just fine I think.
I see it as ease of doing transactions and it has nothing to do with morality and such values. Criminals will use bitcoin if they find that it is better than fiat currency but that doesn’t mean bitcoin is wrong or criminal’s currency. I am not favouring illegal activities but yes, bitcoin is far more useful for everyone and sadly for criminals too.
Well bitcoin is really efficient in terms of using it, the transactions is good. And one thing about bitcoin that i like is it is digital, you cant hold you cant touch it. But it is really useful.
As far as i think , Bitcoin is preferred over fiat because in some areas / places bitcoin is tax free.
And i dont think bitcoin was made for bad use. Well its human nature , if they find something bad they immediately point out bad things.
Well there are good things as well. Steam uses Bitcoin , Starbucks uses bitcoin.
Why?
Because People Trust Bitcoin
Bitcoin is an amazing help to people in the way that it allows them to earn by trading, investing, offering their services where they accept it as payment, and the list goes on.And i dont think bitcoin was made for bad use. Well its human nature , if they find something bad they immediately point out bad things.
Well there are good things as well. Steam uses Bitcoin , Starbucks uses bitcoin.
Why?
Because People Trust Bitcoin
But you also have to realize that governments know that Bitcoin can form somewhat of a threat as it allows people to easily move wealth from their country to another.
If you look at it from that point, then it's not a real surprise that governments use the mainstream media to make Bitcoin look bad.
Bitcoin can do thousands of things right, but as soon as something happens, then they grab that one thing to hammer down on Bitcoin. It's a nasty game being played here.
prefered bitcoin because use bitcoin to investment function
to growth my money
but in real life still prfered use fiat money, because is all buy something still need fiat money not bitcoin
to growth my money
but in real life still prfered use fiat money, because is all buy something still need fiat money not bitcoin
As far as i think , Bitcoin is preferred over fiat because in some areas / places bitcoin is tax free.
And i dont think bitcoin was made for bad use. Well its human nature , if they find something bad they immediately point out bad things.
Well there are good things as well. Steam uses Bitcoin , Starbucks uses bitcoin.
Why?
Because People Trust Bitcoin
And i dont think bitcoin was made for bad use. Well its human nature , if they find something bad they immediately point out bad things.
Well there are good things as well. Steam uses Bitcoin , Starbucks uses bitcoin.
Why?
Because People Trust Bitcoin
There are many reasons to prefer bitcoin over fiat. The most obvious ones I would imagine to be anonymity if needed, evading taxes and purchases in the dark web.
I think however the biggest reason people prefer bitcoin is that they simply don't believe in fiat and banks, but instead think bitcoin is the currency of the future.
I do Tell people the same thing. Security, speed, ease of transaction from any location are the most considerable fact about Bitcoin. All you need is WIFI right?
Mostly people use bitcoin because those thing that you texted. Bitcoin network protect the user from scam such as chargeback and unwanted charge, also bitcoin is can not be counterfeited. Some people prefer bitcoin over fiat because bitcoin is better than fiat.
People who sell stuff online should definetly prefer bitcoin over fiat, since its much faster and safer. Bitcoin can't be charged back either.
yes that is right to say that those people who know about the importance of bitcon and they use online services for buying and selling purpose then these people are giving preference to bitcoin, but i think in future all the people who have access to internet will start using bitcoin as currency and specially for online shopping. I think however the biggest reason people prefer bitcoin is that they simply don't believe in fiat and banks, but instead think bitcoin is the currency of the future.
the ease of transferring money from one point to another and its secured transactions..you can do this at home or anywhere which has internet connections unlike fiat money you cannot send it online unless you have a bank account., but sometimes bank account transactions needs longer time to process for example holidays or something, bitcoins is more easy to use.
I do Tell people the same thing. Security, speed, ease of transaction from any location are the most considerable fact about Bitcoin. All you need is WIFI right?
People who sell stuff online should definetly prefer bitcoin over fiat, since its much faster and safer. Bitcoin can't be charged back either.
These days, people mostly prefer bitcoin over fiat because they see it as an opportunity of earning money as it has a nature which makes it grow with the time, though it also drops the value sometimes but at the end it always goes high which can earn you profit if you invest in it.
I think, people will get tired of using fiat money because its value keeps going down. They get bored because although the savings in banks or deposit and earn interest but the inflation rate is higher, the bitcoin is awaited to be a solution to it.
Yeah I have the same thought as yours, as when people are so sick with fiat money and how it works, they will begin to realise the real power and potential of bitcoin and maybe start using it. This will bring bitcoin further to a brighter future and higher value, and more and more people will change their idea of money.Inflation & deflation is not an important thing to think about, because Bitcoin is also often experienced the same thing. The stability of major currencies is keeping to not disappear from circulation, so it needs to be up & down. If we analogize, Bitcoin is a fun new toy, and fiat money has been very mainstream of our daily lives. So the answer is, Bitcoin is the ultimate pleasure in our minds today. Bitcoin users are not as much as real money, so we are more opportunities for online business.
Some people prefer bitcoin over fiat because they're knowledgeable about it. They know how to make their wallet secure, thus, no theft or anything will happen to them in the following years. They also know how to make money by simply holding their coins. If we're able to buy/sell stuffs both online and offline using bitcoins, I'll ditch fiat and convert it all to bitcoins. Whatever amount of fiat I get from my day job will converted to bitcoins when the price gets lower. But that's not going to happen anytime soon.
I think, people will get tired of using fiat money because its value keeps going down. They get bored because although the savings in banks or deposit and earn interest but the inflation rate is higher, the bitcoin is awaited to be a solution to it.
Yeah I have the same thought as yours, as when people are so sick with fiat money and how it works, they will begin to realise the real power and potential of bitcoin and maybe start using it. This will bring bitcoin further to a brighter future and higher value, and more and more people will change their idea of money. In countries like venezuela, bitcoin is much more stable and less prone to inflation than the native currency.
That's one reason for investing in btc.
If I compare both by the chart, Bolivar which is Venezuelan currency have an instant dump from 0.15 USD per bolivar to 0.1 USD per bolivar but after that, the rate is pretty stable and so does the chart, really different with bitcoin which always changing its price drastically every month. If you saying that the native currency is much prone to inflation and less stable then I think you're wrong.That's one reason for investing in btc.
I invested in bitcoins because its prices are more volatile so that I can make a good profit over the time. If prices are stable, then we can't make good profits from our trade. I don't know about the Venezuela currency, but in my country bitcoins, prices are more volatile than fiat. We can use bitcoins as currency and for investment and that why I like it more than fiat.
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.
I don't think that is the main reason why people are using Bitcoin. What you are saying about anonymity is like you are describing Bitcoin as a currency of criminals who are hiding from something. Giving Bitcoin with a bad description can lower its reputation which is bad for both Bitcoin and its users. 
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.
Well some people prefer to use bitcoin, because bitcoin unlike of tradition currency bitcoin is easily to buy online, bitcoin has no single point of failure, making far more secure.. Unlike of fiat currency is controlled by one institution, bitcoin is customer driven.
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In countries like venezuela, bitcoin is much more stable and less prone to inflation than the native currency.
That's one reason for investing in btc.
If I compare both by the chart, Bolivar which is Venezuelan currency have an instant dump from 0.15 USD per bolivar to 0.1 USD per bolivar but after that, the rate is pretty stable and so does the chart, really different with bitcoin which always changing its price drastically every month. If you saying that the native currency is much prone to inflation and less stable then I think you're wrong. That's one reason for investing in btc.
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