Bitcoin vs Fiat (Real life test )

[Kakmakr]

You my friend are comparing Apples with Carrots, because Bitcoin was never meant to be converted to Fiat currencies and most of the problems are associated with Fiat currency conversion. The moment when Banks gets involved with Bitcoin, things goes south very quickly, because they complicate things.

Bitcoin to Bitcoin transfers using SegWit addresses should never cost $40 in miners fees, so you might have used old legacy addresses.  The amount being transferred has nothing to do with the fees you pay, so that sounds fishy too. 

Next time use SegWit addresses and transfer $100 000+ or $1 000 000 and see what the difference is, because large money transfers cost the same, where centralized payment processors charge more for bigger amounts. 

We have not even started to include Lightning Network transactions in this scenario, where that same transactions would have cost you a fraction of a cent. 

[Pursuer]

the problem with OP and people like him who make similar statements is that they have little to no experience with bitcoin because they have probably never even used it. what they claim are greatly based on things they have read online usually on reddit or twitter from people who had no understanding of bitcoin or were spreading FUD.

if they simply start using bitcoin, 90% of their misinformation goes away just like that.

[Accounting87]

I agree, in many aspects, Btc overcomes fiat, but it should also be regulated well!

[finbad]

Many people prefer fiat who don't know the uses of Bitcoin or other crypto, only those guys prefer who knows that bitcoin is the future currency.
But Fiat is on top because if we want to buy things then we have to pay in fiat, not in BTC but if btc accepted in stores then we can say that in near future btc will beat fiat and huge amounts will send in BTC. Fiat sending fees is very high even that btc will charge few dollars for huge amount.

Not all people deal with fiat transfers. Most of them just get their salary (in cash) and use it as they like. They do not even think about any online operations. Fiat will remain popular for years, although cryptos will be developing.

[Nanagyasi]

That is just one way of cashing out your btc and using just that to compare to fiat isn't fair. There are other ways where you wouldn't have to go through this to cash out your btc. Similarly, many exchanges don't charge as huge as you have presented in your story so just get onto the best exchange and pay less transaction fee

[Denton]

So you made a mistake in your actions. Chose the wrong exchange. Transactions with bitcoins should be more profitable than with Fiat. When I sent my bitcoins, I did not have such problems. But only I sent a smaller amount.

[Dreamchaser21]

So you made a mistake in your actions. Chose the wrong exchange. Transactions with bitcoins should be more profitable than with Fiat. When I sent my bitcoins, I did not have such problems. But only I sent a smaller amount.

Proper execution is important, bitcoin can’t be good if we made a mistakes on buying it. Fiat money is still more convenient but if we look at the value now, we can easily say that crytocurrency is better and it will continue to do better.

[ariellee]

This is very weird.
How did you transfert $25000 for a country to another one at only $15 it sounds funny friend.
About the bitcoin you sent at $40 I think the blockchain was saturated this time.
Tell me if I am wrong

[Cuk0ng_bitc0in]

I am more satisfied with BTC.  fiat is boring and primitive.  not simple and the value is low. 
fiat has few benefits.  I think it's only limited for transactions.  but BTC has many benefits.  for trade, investment, and for payment instruments.

[kamBlanV]

the reality is BTC gives me an advantage over fiat in my life.  I also now prefer to save money on BTC and ETH.  My assumption is that saving money in the bank will run out by administrative costs every month but saving money on BTC and ETH will give me an profit.

[yohananaomi]

Many people prefer fiat who don't know the uses of Bitcoin or other crypto, only those guys prefer who knows that bitcoin is the future currency.
But Fiat is on top because if we want to buy things then we have to pay in fiat, not in BTC but if btc accepted in stores then we can say that in near future btc will beat fiat and huge amounts will send in BTC. Fiat sending fees is very high even that btc will charge few dollars for huge amount.

more fiat users because every transaction that uses a lot of fiat, I agree if all stores accept payment with btc of course btc will compete with fiat

I strongly agree with your opinion that it is better to use fiat for all transactions compared to bitcoin, because obviously bitcoin always changes its price so I also see there will be difficulties in calculating the value of bitcoin itself. but when it comes to transfers, it is inevitable that it is still easier with bitcoin because the value is not limited to different from fiat, there may be limitations when transactions are online.
still need time for bitcoin to replace Fiat as a whole because many countries have not yet received it.

[Ryan Dugan]

Rubbish. Wow you can make up stories hey. If you like fiat so much then use it. Stop using crypto. Sell it all and use fiat.

To start with. Why are you using an exchange that reports your transactions to the authorities in the first place? Now you have the radar on you, great job.
The next load of crap you talk is paying tax for the bitcoin. Please understand this. If I give you something you do not pay tax on it. Did you pay tax on the 25k fiat?? No!! Same with the bitcoin.
You only pay tax on bitcoin you transfer to fiat and make a profit off of it. You then pay capital gains tax on the profit. You don't pay tax on the whole 25k

Another thing is there is such a thing as a gift and you don't pay tax on it.

Otherwise, if we pay tax on every tramsaction then you can actually pay 99.99% tax. Take a million dollars and keep moving it around. According to you that million we become cents due to tax. You pay taxonce not with every transaction. You pay vat with every transaction. Dude seriously.... How can you not know this but you can afford 25k?

[uneng]

Bitcoin fees are expensive and that is bad, I won't disagree. But the fees related to btc should stay on the 40 dollars, any extra cost since that was related to currency exchange, you are converting your money into a new currency, so it's pretty normal there are other costs involved.
And that part the authorities went over you only because btc transaction is strange. If the amount of transacted money is the issue, they should have investigated the fiat transaction as well, as both were around 25,000 dollars. Seems if criminals use fiat it's fine, they won't be caught, since only btc transactions call the authorities attention.