Why some people prefer Bitcoin over fiat ? - page 73.

Henkkaa

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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.

Quote from: agamasrori on January 11, 2017, 07:51:42 AM

Quote from: cryptoanalyzer on January 11, 2017, 07:29:59 AM

Quote from: ice18 on January 11, 2017, 02:27:10 AM

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? Grin

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.

Maslate

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Quote from: diegz on January 11, 2017, 09:15:42 PM

Quote from: The_Dark_Knight on January 11, 2017, 09:08:37 PM

Quote from: diegz on January 10, 2017, 09:21:25 PM

Quote from: DOGE12321 on January 10, 2017, 06:42:39 PM

Yeah you are correct. This is putting a bad reputation of Bitcoin to the public. These are all disgraceful activities, but unfortunately we cannot do much about it. Everyone has access to Bitcoin, whether it be for a good or bad use.

As many say "BITCOIN is FREEDOM" and the reason many wants to use bitcoin is to get away from banks and governments eyes therefore, many uses it for whatever they want to use it, regardless of it being used in bad or good. We can't change that thing, it is part of the growth, there are no rules in using bitcoin and there are no government law is governing the use of it, therefore it can be used in any way we want it.

It could probably damage the reputation of bitcoin but it won't be that big, just like how fiat is being damaged by its everyday dealings.

The part where you state that we can use bitcoin for whatever we want is not completely true, if buying a particular drug is illegal in a country then it does not matter if you used fiat, bitcoin, altcoins, gold or something else, it is still illegal.

Still you can use it, be it legal or illegal, buying illegal drugs with bitcoin is very much possible. There is no governing body that regulates bitcoin and non in the government can prevent you to do what you want with it, in case that they caught you in buying drugs, your problem will be buying illegal drugs and not using bitcoin in buying illegal drugs.

True, bitcoin is just a currency and it depends on the owner on how he will use his bitcoin. If he wants to use it in illegal activities then he has to face the risk, it can be use for good or evil purposes but in the end we are all gonna be benefited due to the increase of demand. We cannot control what people will do with their own so we just have to be responsible of what we are doing as the no one would face the consequences but us alone.

diegz

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Quote from: The_Dark_Knight on January 11, 2017, 09:08:37 PM

Quote from: diegz on January 10, 2017, 09:21:25 PM

Quote from: DOGE12321 on January 10, 2017, 06:42:39 PM

Yeah you are correct. This is putting a bad reputation of Bitcoin to the public. These are all disgraceful activities, but unfortunately we cannot do much about it. Everyone has access to Bitcoin, whether it be for a good or bad use.

As many say "BITCOIN is FREEDOM" and the reason many wants to use bitcoin is to get away from banks and governments eyes therefore, many uses it for whatever they want to use it, regardless of it being used in bad or good. We can't change that thing, it is part of the growth, there are no rules in using bitcoin and there are no government law is governing the use of it, therefore it can be used in any way we want it.

It could probably damage the reputation of bitcoin but it won't be that big, just like how fiat is being damaged by its everyday dealings.

The part where you state that we can use bitcoin for whatever we want is not completely true, if buying a particular drug is illegal in a country then it does not matter if you used fiat, bitcoin, altcoins, gold or something else, it is still illegal.

Still you can use it, be it legal or illegal, buying illegal drugs with bitcoin is very much possible. There is no governing body that regulates bitcoin and non in the government can prevent you to do what you want with it, in case that they caught you in buying drugs, your problem will be buying illegal drugs and not using bitcoin in buying illegal drugs.

The_Dark_Knight

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Quote from: diegz on January 10, 2017, 09:21:25 PM

Quote from: DOGE12321 on January 10, 2017, 06:42:39 PM

Yeah you are correct. This is putting a bad reputation of Bitcoin to the public. These are all disgraceful activities, but unfortunately we cannot do much about it. Everyone has access to Bitcoin, whether it be for a good or bad use.

As many say "BITCOIN is FREEDOM" and the reason many wants to use bitcoin is to get away from banks and governments eyes therefore, many uses it for whatever they want to use it, regardless of it being used in bad or good. We can't change that thing, it is part of the growth, there are no rules in using bitcoin and there are no government law is governing the use of it, therefore it can be used in any way we want it.

It could probably damage the reputation of bitcoin but it won't be that big, just like how fiat is being damaged by its everyday dealings.

The part where you state that we can use bitcoin for whatever we want is not completely true, if buying a particular drug is illegal in a country then it does not matter if you used fiat, bitcoin, altcoins, gold or something else, it is still illegal.

terrate

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Newbie in online currency , love learning

i dont want $ control by paypal maybe lol...><
is true that if u want gambling, games, u will choose btc.
U see now even scammers or internet marketer love btc.

and for online currency , bitcoin is the main, if its collapse, other coin also will become same too.
bitcoin can be main trading tools too.

Pattart

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Quote from: hajimasan on January 10, 2017, 04:51:55 AM

Because they see profit in bitcoin. (More profit then other currency) due to its characteristics like outside fluctuation and increasing demand people could trade with bitcoin and make profit but this is not possible with other fiat.

of course some people it's a bitcoin users, most bitcoin users who have benefited from bitcoin, whether it gains the form of money or other benefits. of course they will choose bitcoin than fiat

vasrasus

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Quote from: (altair) on January 11, 2017, 08:03:56 AM

well maybe because it does not have tax and you could send it all over the world in an instant ,and also it does not have an age restriction so anyone could use it and being anonymous while you are investing or buying something

Exactly the part of it that we can transact anywhere ,it doesn't matter when or where we will transact or whom we will transact with as long as we did research if sites or those were reliable, life with bitcoin is lot easier plus that It can increase its value by itself.

iqlimasyadiqa

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because bitcoin has a sale value higher than other currencies. bitcoin could be a very profitable investment if used appropriately.
bitcoin is much better than all of them.

YuginKadoya

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Quote from: (altair) on January 11, 2017, 08:03:56 AM

well maybe because it does not have tax and you could send it all over the world in an instant ,and also it does not have an age restriction so anyone could use it and being anonymous while you are investing or buying something

That is what good about Bitcoin Well tax evasion is what most people want to just lessen other item that has tax, sometimes people just want a transaction that are free of the fee that other instant far transaction offer and you can do it with bitcoin, but you will need to change your fiat with bitcoin first to do this, and many users of bitcoin wants to save bitcoin so they could wait for the value to go up, and bitcoin users trades with bitcoin some gamblers can play anonymously, and yes no age restriction that is why I want to put up an online store so I could save up bitcoins!

(altair)

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well maybe because it does not have tax and you could send it all over the world in an instant ,and also it does not have an age restriction so anyone could use it and being anonymous while you are investing or buying something

agamasrori

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Quote from: cryptoanalyzer on January 11, 2017, 07:29:59 AM

Quote from: ice18 on January 11, 2017, 02:27:10 AM

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? Grin

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.

cryptoanalyzer

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Quote from: ice18 on January 11, 2017, 02:27:10 AM

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? Grin

danherbias07

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Quote from: ice18 on January 11, 2017, 02:27:10 AM

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.

Yes. That is cool right? That is my introduction for those who are asking me why I do it. The easy way to send money and the fastest way. The very low transaction fees. Then I will compare it with what they are using to send money. That is how they will start bitcoin also and maybe further after the good experience.

ice18

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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.

cryptoanalyzer

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Quote from: diegz on January 10, 2017, 09:21:25 PM

Quote from: DOGE12321 on January 10, 2017, 06:42:39 PM

Yeah you are correct. This is putting a bad reputation of Bitcoin to the public. These are all disgraceful activities, but unfortunately we cannot do much about it. Everyone has access to Bitcoin, whether it be for a good or bad use.

As many say "BITCOIN is FREEDOM" and the reason many wants to use bitcoin is to get away from banks and governments eyes therefore, many uses it for whatever they want to use it, regardless of it being used in bad or good. We can't change that thing, it is part of the growth, there are no rules in using bitcoin and there are no government law is governing the use of it, therefore it can be used in any way we want it.

It could probably damage the reputation of bitcoin but it won't be that big, just like how fiat is being damaged by its everyday dealings.

Yeah I agree. Bitcoin itself is a currency and currencies are credits one gets as a reward or as a payment which is his/hers alone and he/she alone can spend it in a way suitable to him/her. Isn't that currency all about? Whether it be Fiat or Bitcoin.

diegz

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Quote from: DOGE12321 on January 10, 2017, 06:42:39 PM

Yeah you are correct. This is putting a bad reputation of Bitcoin to the public. These are all disgraceful activities, but unfortunately we cannot do much about it. Everyone has access to Bitcoin, whether it be for a good or bad use.

As many say "BITCOIN is FREEDOM" and the reason many wants to use bitcoin is to get away from banks and governments eyes therefore, many uses it for whatever they want to use it, regardless of it being used in bad or good. We can't change that thing, it is part of the growth, there are no rules in using bitcoin and there are no government law is governing the use of it, therefore it can be used in any way we want it.

It could probably damage the reputation of bitcoin but it won't be that big, just like how fiat is being damaged by its everyday dealings.

Finestream

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Quote from: The_Dark_Knight on January 10, 2017, 08:42:08 PM

Quote from: malekbaba on January 08, 2017, 01:28:15 PM

Quote from: Tukang Becak on January 06, 2017, 03:49:45 AM

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.

why bitcoin is more secure in gambling? How security issue works in any gambling ? Gambling is a pure luck. Nothing can secure any luck or gambling thing. BUt yes BTC as faster than fiat if you consider to withdraw in cash form. But fiat money transfer is also fast. If you want to transact only from one account to another, even fiat is somehow fast but in case of withdraw you have to depend on some centralized authority.

Bitcoin can be more secure than using fiat to gamble if you are in a country where gambling is illegal, that way you avoid linking your identity to your gambling and that could be a way to avoid prosecution in your country.

Exactly, and even if it's not illegal, bitcoin is still more convenient than fiat. With bitcoin, there's no need to pay bigger transaction fee using a online banking fund transfer or the service of popular payment processor. It's pretty simple, you just have to obtain BTC and you are good to go.The security by hiding our personal information is something that attract big bettors, it's the freedom that we are looking for and any problem may arise in the future will not help us accountable as there is no trace or trail at all.

The_Dark_Knight

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Quote from: malekbaba on January 08, 2017, 01:28:15 PM

Quote from: Tukang Becak on January 06, 2017, 03:49:45 AM

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.

why bitcoin is more secure in gambling? How security issue works in any gambling ? Gambling is a pure luck. Nothing can secure any luck or gambling thing. BUt yes BTC as faster than fiat if you consider to withdraw in cash form. But fiat money transfer is also fast. If you want to transact only from one account to another, even fiat is somehow fast but in case of withdraw you have to depend on some centralized authority.

Bitcoin can be more secure than using fiat to gamble if you are in a country where gambling is illegal, that way you avoid linking your identity to your gambling and that could be a way to avoid prosecution in your country.

MWesterweele

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Quote from: Pattart on January 10, 2017, 05:22:22 AM

Quote from: hajimasan on January 10, 2017, 04:51:55 AM

Because they see profit in bitcoin. (More profit then other currency) due to its characteristics like outside fluctuation and increasing demand people could trade with bitcoin and make profit but this is not possible with other fiat.

true, you can see a lot of users here dude, their lives changed because of bitcoin right ? bitcoin provide a better life than fiat to him so they chose bitcoin than fiat #imo

Not because they choose bitcoin they always getting profit always remember you people need to take the risk lot all people are going to make it much people or some choose fiat over bitcoin they choosing fiat to invest in real life

DOGE12321

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Yeah you are correct. This is putting a bad reputation of Bitcoin to the public. These are all disgraceful activities, but unfortunately we cannot do much about it. Everyone has access to Bitcoin, whether it be for a good or bad use.

Topic: Why some people prefer Bitcoin over fiat ? - page 73. (Read 58499 times)