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Topic: Why some people prefer Bitcoin over fiat ? - page 81. (Read 58499 times)

legendary
Activity: 1526
Merit: 1179
December 27, 2016, 01:25:13 PM

These are not only the reasons fast, secure but there are some other reasons too that are low transaction fees, increasing value while fiat  value do not change like Bitcoin value changes.

Increase value in fiat and bitcoin is different because of their usage globally. Fiat have a stable price because the usage is balanced and well performed unlike bitcoin which is more presently active in trading and investment and not as how usual currency works is.

Actually Im not with the point why people prefer bitcoin over fiat because of transaction fees. Majority does want bitcoin because of it's fiat value that is increasing over time.

Several people does not want to be bothered with identity stuff, or evading bank system every time they want to transfer money to relatives or to other wallet address or account.  Aside from that it is safer to use bitcoin in transactions than using  visa card or credit card in terms of payment information security.
I am sure that people not involved in Bitcoin find fiat payment services far more interesting and safe to complete payments than is the case with Bitcoin.

Mainly because of the fact that their purchases get insured against theft, damage, or whatever other inconvenience that they may face.

Bitcoin can't offer that level of security to people that are used to these security features. That's why they will prefer to keep using fiat instead of something else.
legendary
Activity: 2954
Merit: 1153
December 27, 2016, 12:54:29 PM

These are not only the reasons fast, secure but there are some other reasons too that are low transaction fees, increasing value while fiat  value do not change like Bitcoin value changes.

Increase value in fiat and bitcoin is different because of their usage globally. Fiat have a stable price because the usage is balanced and well performed unlike bitcoin which is more presently active in trading and investment and not as how usual currency works is.

Actually Im not with the point why people prefer bitcoin over fiat because of transaction fees. Majority does want bitcoin because of it's fiat value that is increasing over time.

Several people does not want to be bothered with identity stuff, or evading bank system every time they want to transfer money to relatives or to other wallet address or account.  Aside from that it is safer to use bitcoin in transactions than using  visa card or credit card in terms of payment information security.
legendary
Activity: 2688
Merit: 1065
Undeads.com - P2E Runner Game
December 27, 2016, 12:34:10 PM

These are not only the reasons fast, secure but there are some other reasons too that are low transaction fees, increasing value while fiat  value do not change like Bitcoin value changes.

Increase value in fiat and bitcoin is different because of their usage globally. Fiat have a stable price because the usage is balanced and well performed unlike bitcoin which is more presently active in trading and investment and not as how usual currency works is.

Actually Im not with the point why people prefer bitcoin over fiat because of transaction fees. Majority does want bitcoin because of it's fiat value that is increasing over time.
hero member
Activity: 868
Merit: 500
December 27, 2016, 12:25:40 PM
Bitcoin is easy to use and transfer to buy online. it's no fee and no tax and it's anomynous.
Payment online is very fast and safer than fiat.

Well yeah but I don't quite agree with you about fast and safer payment. Because the transaction confirmation time is still a bit problem, it's not true to say this. And also, I don't get what you mean by saying that it's safer than fiat, how safe is it or can we even compare bitcoin and fiat money this way?
I understand on the thing on what he would like to mean that bitcoin transaction are really safe since you could transfer funds directly to a person without any problems and regarding with confirmation it's not really a problem at all since transactions are irreversible. Fiat can't be replaced by bitcoin no matter what.
These are not only the reasons fast, secure but there are some other reasons too that are low transaction fees, increasing value while fiat  value do not change like Bitcoin value changes.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
December 27, 2016, 11:36:59 AM
Bitcoin is easy to use and transfer to buy online. it's no fee and no tax and it's anomynous.
Payment online is very fast and safer than fiat.

Well yeah but I don't quite agree with you about fast and safer payment. Because the transaction confirmation time is still a bit problem, it's not true to say this. And also, I don't get what you mean by saying that it's safer than fiat, how safe is it or can we even compare bitcoin and fiat money this way?
I understand on the thing on what he would like to mean that bitcoin transaction are really safe since you could transfer funds directly to a person without any problems and regarding with confirmation it's not really a problem at all since transactions are irreversible. Fiat can't be replaced by bitcoin no matter what.
legendary
Activity: 1470
Merit: 1002
December 27, 2016, 11:32:18 AM
cuz its best currency nowadays
also no such huge fees with bitcoin

The no huge fee is really a great system for me as i need to buy or sell things. I used paypal and sometime the fee can be as high as 20%. 10% is quite normal. I also use bank transfer and it takes like up to 3 days to transfer and 50$ as fee. Only btc is the one which is realise the fee is less than 1% so it is really great. And it has seller protection which i love it a lot.
sr. member
Activity: 406
Merit: 252
Veni, Vidi, Vici
December 27, 2016, 11:22:47 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 an electronic payment system and of course is the best among other methods when someone buys/sells goods and services using internet. Bitcoin made for people and people are responsible for their actions and not the payment system. I don't know from which country OP comes from but in my country Tide is a well-known detergent. Follow the link http://www.theatlantic.com/business/archive/2012/03/why-are-criminals-stealing-tide-detergent-and-using-it-for-money/254631/. So would you believe tide soap made for criminals?
hero member
Activity: 952
Merit: 515
December 27, 2016, 11:18:59 AM
Sad to say but it is for real talk, for all we know that bitcoin transaction is anonymous that is why other person abuse its function and advantage.
You cannot really hold the mind of all people, we have different perspectives in life. As we are contented in earning bitcoin in a proper way the other people may think it is one way to do easy money.
Yes that is one of the bad factors why some people choose bitcoin over fiat because of its improve security that you don't need to reveal your identity to receive or send bitcoin to other people. But we can't avoid that because it is part of the game, Bad players and Good players, Just always think that if you are on the good side then nothing to worry about just let the bad players play the game on how they like but someday their bad habits will get back to them with the help of karma.
Thant is true. Karma is around them, the bad thing is the good side is also affected by the way other people think about bitcoin. Anyway, just ignore those people who has dirty minds and let us all embrace each other as we are helping the society especially households who do bitcoin as part time.
hero member
Activity: 560
Merit: 502
December 27, 2016, 10:56:25 AM
cuz its best currency nowadays
also no such huge fees with bitcoin
With increased bitcoin value fees are also relatively higher. Soon argument about bitcoin near zero fees will be redundant.
Unless of course miners will reevaluate fees structure - but it is very unlikely.
hero member
Activity: 1316
Merit: 561
Leading Crypto Sports Betting & Casino Platform
December 27, 2016, 10:53:39 AM
Bitcoin is easy to use and transfer to buy online. it's no fee and no tax and it's anomynous.
Payment online is very fast and safer than fiat.

Well yeah but I don't quite agree with you about fast and safer payment. Because the transaction confirmation time is still a bit problem, it's not true to say this. And also, I don't get what you mean by saying that it's safer than fiat, how safe is it or can we even compare bitcoin and fiat money this way?
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
December 27, 2016, 10:44:07 AM
Sad to say but it is for real talk, for all we know that bitcoin transaction is anonymous that is why other person abuse its function and advantage.
You cannot really hold the mind of all people, we have different perspectives in life. As we are contented in earning bitcoin in a proper way the other people may think it is one way to do easy money.
Yes that is one of the bad factors why some people choose bitcoin over fiat because of its improve security that you don't need to reveal your identity to receive or send bitcoin to other people. But we can't avoid that because it is part of the game, Bad players and Good players, Just always think that if you are on the good side then nothing to worry about just let the bad players play the game on how they like but someday their bad habits will get back to them with the help of karma.
full member
Activity: 196
Merit: 100
December 27, 2016, 10:35:17 AM
cuz its best currency nowadays
also no such huge fees with bitcoin
legendary
Activity: 2660
Merit: 1141
December 27, 2016, 10:32:45 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.

Blockchain and Bitcoin are awesome invention,I think it's not the technology but the people who use them,Nakamoto did not invent it for this kind of activities, he is thinking of decentralization and being anonymous,it's the people the abuse it.He did not specify that you can use it to buy drugs and membership to porn sites.
People will use any currency to get their pleasure, include the bad things like gambling, porn, and drugs, no matter what kind of currency they are using. But yeah bitcoin make the transaction become easier and be anonymous. Honestly the first purpose why I using bitcoin is because I like gambling.
hero member
Activity: 2926
Merit: 567
December 27, 2016, 08:59:39 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.

Blockchain and Bitcoin are awesome invention,I think it's not the technology but the people who use them,Nakamoto did not invent it for this kind of activities, he is thinking of decentralization and being anonymous,it's the people the abuse it.He did not specify that you can use it to buy drugs and membership to porn sites.
sr. member
Activity: 406
Merit: 250
December 27, 2016, 08:21:06 AM
yes i also giving preference to bitcoin. as bitcoin is providing a variety of services, to us which make bitcoin more valuable to me. i use bitcoin for paying my bell as well as for refilling my mobile, i also use bitcoin for investment purpose. hope that bitcoin facilities will increase more and more.

Exactly once, bitcoin is used to pay for services in comparison with fiat is good. Because with bitcoin we can reduce transaction costs, but it only can be applied in certain countries only. for third world countries I think is quite difficult.
hero member
Activity: 952
Merit: 515
December 27, 2016, 08:07:47 AM
Sad to say but it is for real talk, for all we know that bitcoin transaction is anonymous that is why other person abuse its function and advantage.
You cannot really hold the mind of all people, we have different perspectives in life. As we are contented in earning bitcoin in a proper way the other people may think it is one way to do easy money.
newbie
Activity: 22
Merit: 0
December 27, 2016, 07:56:14 AM
One strong reason why some people prefer bitcoin over fiat is due to the speed with which bitcoin appreciate in value over the dollar. Another good reason is for the low charge for funds transfer associated with bitcoin
legendary
Activity: 1414
Merit: 1002
= jasad =
December 27, 2016, 07:21:58 AM
Bitcoin is easy to use and transfer to buy online. it's no fee and no tax and it's anomynous.
Payment online is very fast and safer than fiat.

that is correct , but common people did not feel about that things ,
they just consider bitcoin as the biggest illusion in getting profit through investment ,
only few can really feel a lot of advantages using bitcoin ,
however bitcoin are not friendly yet to be used in the daily life.
sr. member
Activity: 476
Merit: 250
December 27, 2016, 05:11:19 AM
Bitcoin is easy to use and transfer to buy online. it's no fee and no tax and it's anomynous.
Payment online is very fast and safer than fiat.

it is the difference between fiat and bitcoin, you can use bitcoin for anything, avoid controls and taxes, the transaction fee is not too high, especially because the secret identity will be anonymous
legendary
Activity: 2170
Merit: 1427
December 27, 2016, 05:04:04 AM
I think the main reason for bitcoin’s popularity is the fundamental characteristics of this technology. Bitcoin has some add-on benefits over fiat such as global acceptability, universal access and most importantly the anonymity and lower fees with the faster transaction and due to these advantages, I see good growth in Bitcoin user base in coming years.

Low fee structure of Bitcoin is becoming a less interesting feature as years go by. Currently it's already not an interesting option anymore due to the fees. Right now on average $0.20-$0.25 must be included in order to at least tickle pools to pick up your transaction. And we all know that pools will more and more depend on the income from transaction fees. And no, it's not that now the price has gone up in value that pools are happy with a lower fee. They just expect you to include the same fee in BTC as was the case with the price being way below current levels. It's pure greed.
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