Why some people prefer Bitcoin over fiat ? - page 83.

Indijanos

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Quote from: BitcoinPC on December 24, 2016, 03:37:37 AM

Quote from: Text on December 22, 2016, 04:52:49 PM

Bitcoin has more advantage than fiat money online. It has a special characteristics that made user got attracted and interested.
I am using them both daily, it just that BTC is very unique, we can earn it in faucets and other services.

Definitely right, Bitcoin is making its own market name that persuade people to use it and preferred by people because aside from increasing value of bitcoin it has fast transaction.
So to compare it to fiat currency, bitcoin increasing its value but the fiat currency you use, is not increasing.

Well bitcoin is made and used primary online, right? Right now w can see more integration into bigger business but still those are mainly online businesses. Though it' only a matter of time before bitcoin is accepted widely in your local stores.

Wandering Soul~

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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.

Don't worry! Bitcoin is definitely not made for such purpose but you can't help it since the nature of bitcoin is to be anonymous . It is a given thing that it will attract things like that . But it really varies per user, What is her/his purpose or intention to bitcoin . Just think of it this way, Every currency are used for both good and illegal purposes and bitcoin is a currency too so it can have both sides .

There is no way to stop users with bad intention but as long as there is a balance between good and bad then we're okaaay

carlerha

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Quote from: Gembul on December 23, 2016, 08:43:16 AM

Quote from: Sled on December 23, 2016, 08:30:34 AM

I think, Some people prefer bitcoin rather than fiat because it is very volatile and it is one of the best part why many investors or traders make a lot of profit in using or holding bitcoin either long term or short term. Bitcoin also has the security which you don't risk your identity just to send or receive money from other person and bitcoin also ask lower transaction fees than fiat.

Yes, for trading and investments me and maybe some people will choose bitcoin rather than fiat. Because the price of bitcoin which tends to rise and fall quickly would provide a tidy profit. But fiat better for savings because the price is likely to be stable, then we are not afraid of losing a lot of money. Thank you

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.

BitcoinPC

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Quote from: Text on December 22, 2016, 04:52:49 PM

Bitcoin has more advantage than fiat money online. It has a special characteristics that made user got attracted and interested.
I am using them both daily, it just that BTC is very unique, we can earn it in faucets and other services.

Definitely right, Bitcoin is making its own market name that persuade people to use it and preferred by people because aside from increasing value of bitcoin it has fast transaction.
So to compare it to fiat currency, bitcoin increasing its value but the fiat currency you use, is not increasing.

whizter

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Quote from: Xester on December 23, 2016, 07:34:32 AM

Quote from: roadbits on December 23, 2016, 07:20:55 AM

Quote from: Mirardowyn on December 22, 2016, 06:23:21 PM

Because it let them do things anonymous and its also most likely that they can use it globally and also fast, controllable by themselves.

If you know a person then only it is good to use bitcoins. Otherwise, you may end up in a scam if you send first to an unknown person. Either you need to use trusted escrow to send money to unknown person and that makes transactions slower. It is the main disadvantage of bitcoin. But very useful to send money to known people with less fee and fast.

Speaking of advantages, bitcoin has again increased in value. It seems that a 20$ increase in bitcoin value has occurred just recently. This is the reason why people are attracted to bitcoin. But we'll as you said less fees are also part of the comforts in using bitçoin. Aside from that it enables us to pay bills at the comfort of our homes which gives us savings from transport fee and time. No wonder people shifted to bitcoin aside from being profitable it offers great convenience to users.

there are so many other advantage of bitcoin, but the problem is that bitcoin is not fully facilitate us as still the users of bitcoin are very low hope as soon as the users will increase it will certain facilitate us more and more by introducing new services.

alphablitzer

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Why not? Bitcoin has higher potential, but just fewer people use it. It's preferred by others because it has faster transactions, can't be forged, no personal information stored, etc. You are pretty safe when using it, except if you are just not aware of what it can be utilized. If you're just giving it away or something.

Rinder

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Besides the low fees transaction cost, the huge potencial around bitcoin, im sure people does love volatility of bitcoin, this week its a 90-100 dollars gain of value, and this is something wont happen with fiat raise around 10%, bitcoin can be used as savings even being a high risk investment.

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Quote from: ethereumhunter on December 23, 2016, 10:59:11 AM

Quote from: machinek20 on December 23, 2016, 09:40:32 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.

Yes there is so many negative news because of some people used bitcoin for illegal things, its time for someone to teach and promote bitcoin into a good thing, the reason bitcoin created was to create currency that free from anyone control not for someone to used it illegally

yep and its our duty to give some teach to other people so they know what is the real benefit of bitcoin and they don't judge bitcoin as for illegal things. beside that, many people has got scam by MLM programs that give rewards in bitcoin so after they get scam, they will said that bitcoin is bad things and don't invest in bitcoin. but as the investment, bitcoin is a good way to be another investment and i think this is the reason for some people will refer bitcoin than fiat to make an investment.

Very right! Many newbie bitcoiners that has been scammed by HYIP , Cloudmining , ponzi sites etc. , They will blame bitcoin and say bad things because their bitcoin has been scammed. Newbie bitcoiners should be teach on how they can grow their bitcoin not by just investing it to ponzi scheme sites

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Quote from: machinek20 on December 23, 2016, 09:40:32 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.

Yes there is so many negative news because of some people used bitcoin for illegal things, its time for someone to teach and promote bitcoin into a good thing, the reason bitcoin created was to create currency that free from anyone control not for someone to used it illegally

yep and its our duty to give some teach to other people so they know what is the real benefit of bitcoin and they don't judge bitcoin as for illegal things. beside that, many people has got scam by MLM programs that give rewards in bitcoin so after they get scam, they will said that bitcoin is bad things and don't invest in bitcoin. but as the investment, bitcoin is a good way to be another investment and i think this is the reason for some people will refer bitcoin than fiat to make an investment.

machinek20

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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.

Yes there is so many negative news because of some people used bitcoin for illegal things, its time for someone to teach and promote bitcoin into a good thing, the reason bitcoin created was to create currency that free from anyone control not for someone to used it illegally

btcdevil

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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.

This cannot be stopped as it is upto the users choice of using the bitcoin in which ever way , why even fiat currency are also used for this all purpose so does it means that the society is getting unhealthy then fiat currency should also be stopped. This we cannot control as it is upto the users to chose which way they wanted to use it.

Gembul

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Quote from: Sled on December 23, 2016, 08:30:34 AM

I think, Some people prefer bitcoin rather than fiat because it is very volatile and it is one of the best part why many investors or traders make a lot of profit in using or holding bitcoin either long term or short term. Bitcoin also has the security which you don't risk your identity just to send or receive money from other person and bitcoin also ask lower transaction fees than fiat.

Yes, for trading and investments me and maybe some people will choose bitcoin rather than fiat. Because the price of bitcoin which tends to rise and fall quickly would provide a tidy profit. But fiat better for savings because the price is likely to be stable, then we are not afraid of losing a lot of money. Thank you

merchantofzeny

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Almost instant transfer, very small transaction fee, little to no fee when cashing out to fiat (if needed), anonymity, I can go on and on...

Sled

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I think, Some people prefer bitcoin rather than fiat because it is very volatile and it is one of the best part why many investors or traders make a lot of profit in using or holding bitcoin either long term or short term. Bitcoin also has the security which you don't risk your identity just to send or receive money from other person and bitcoin also ask lower transaction fees than fiat.

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Quote from: raja2sumi on December 23, 2016, 07:54:10 AM

people prefer fiat over bitcoins of the following reasons
-bitcoins may become banned in your counntry
- u want to earn a lot through bitcoins by investing less in the sense.
-bitcoins does not require any third party involvment which makes it very secure.

I was talking about bitcoin over fiat currency. And you were talking about Fiat over bitcoin.
I am really amazed. I have heard from you guys. Each day I am learning from you guys. I personally like btc over fiat. Cause It is hazard free. No third party, no document is needed. Pay to sellers or get paid from buyers directly.

Layla Mckenzie

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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.

Like any currency Bitcoin itself has a variety of users, from Investors to Drug dealers (I'm not cheering for them) and that's what makes it a usable currency valued at 900$, it's not selective

YuginKadoya

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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.

Many has been using bitcoin with their personal use, sometimes people are using it to do bad things like paying porn sites, betting on gambling sites, and even illegal transaction has been offer through bitcoin because of it's anonymity people are using bitcoin with it's full capability of it!

but not all bitcoin users are like that some users are using it because of it's versatility and fast transaction even in loading business some bitcoin wallet has these kind of application that rebate the one that are loading using bitcoin over the wallet.

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people prefer fiat over bitcoins of the following reasons
-bitcoins may become banned in your counntry
- u want to earn a lot through bitcoins by investing less in the sense.
-bitcoins does not require any third party involvment which makes it very secure.

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Quote from: genos on December 23, 2016, 07:29:48 AM

Quote from: roadbits on December 23, 2016, 07:20:55 AM

Quote from: Mirardowyn on December 22, 2016, 06:23:21 PM

Because it let them do things anonymous and its also most likely that they can use it globally and also fast, controllable by themselves.

If you know a person then only it is good to use bitcoins. Otherwise, you may end up in a scam if you send first to an unknown person. Either you need to use trusted escrow to send money to unknown person and that makes transactions slower. It is the main disadvantage of bitcoin. But very useful to send money to known people with less fee and fast.

Unfortunately bitcoin is anonym it means we can not know who the real identity of the bitcoin's user. But it was one of features bitcoin and many illegal actions (including scamming from a unknown people who we wanna send some amount of btc) take benefits from this feature we can not stopping if someone use bitcoin in wrong way. We only do preventing actions to avoid it done by us.

If you want to stop people scamming you in online service while dealing with the unknown person, then I prefer to use PayPal payment method because there I can assure to get back my money if seller don't send the item. If you're buying from some reputed sites or person then we can use bitcoins and save some money.

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Accessibility is one key reason why people prefer bitcoins over fiat, bitcoins Is readily accessible 24/7 and the transaction fees for bitcoins are very cheap compared to fiat so any well meaning person would like such advantagess over fiat.

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