Why some people prefer Bitcoin over fiat ?

[Fretcy]

There are several reasons as to why people prefer using bitcoins than fiat currencies, I would say that those of who knows about the crypto market and bitcoins will be interested in bitcoins and block chain technology rather than using fiat currencies, there are many factors  which attract people to this cryptographic system such as highly secure than fiat currencies, ease of transaction than traditional banking system and highly economic in terms of cost of transactions worldwide. All the transactions is recorded in the public ledger, blockchain and everyone can keep track of all the bitcoin transactions in the blockchain technology. Some people take advantage of destroying the technology by using this for criminal activities like drug trafficking which is also done using fiat currencies, some people are involved in criminal activities even before the advent of bitcoin and blockchain technology, so there is nothing to pin point on bitcoin system of criminal activities.

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[8Habits]

There are several reasons as to why people prefer using bitcoins than fiat currencies, I would say that those of who knows about the crypto market and bitcoins will be interested in bitcoins and block chain technology rather than using fiat currencies, there are many factors  which attract people to this cryptographic system such as highly secure than fiat currencies, ease of transaction than traditional banking system and highly economic in terms of cost of transactions worldwide. All the transactions is recorded in the public ledger, blockchain and everyone can keep track of all the bitcoin transactions in the blockchain technology. Some people take advantage of destroying the technology by using this for criminal activities like drug trafficking which is also done using fiat currencies, some people are involved in criminal activities even before the advent of bitcoin and blockchain technology, so there is nothing to pin point on bitcoin system of criminal activities.

You have the point but I guess if a person is really a wise investor and handling his/her money, then that person will going to use both bitcoin and fiat money. The reason is that, I really don't want to use bitcoin to buy for simple things and cheap ones because the bitcoin transaction fees is quite high for that - it is rather fitting to pay for fiat money to small things like these and use bitcoin for sound investment.

[iamMhew]

Some people afraid abput currency that they use if the war happen, so some of them convert their real money into bitcoin because bitcoin is susch as safe haven, so if the war happen then they go outside the country, they will be still rich.

not really that reason, because even they didnt do convert their money into bitcoin they still rich after all, their bank account links to all banks world wide so they can also use that to get their money back, i think the reason is, to use bitcoin is more convenient over fiat because its not just to carry bitcoin but you also carry a investment on this, they can carry huge amount of bitcoin while waiting on its own profits. double purposes.

[8Habits]

Some people afraid abput currency that they use if the war happen, so some of them convert their real money into bitcoin because bitcoin is susch as safe haven, so if the war happen then they go outside the country, they will be still rich.

not really that reason, because even they didnt do convert their money into bitcoin they still rich after all, their bank account links to all banks world wide so they can also use that to get their money back, i think the reason is, to use bitcoin is more convenient over fiat because its not just to carry bitcoin but you also carry a investment on this, they can carry huge amount of bitcoin while waiting on its own profits. double purposes.

That is really exactly my point - bitcoin can be best use both for day to day payments (like with the fiat) but it can also use as investment. With this, why not we can just use bitcoin for investment and fiat money for day to day payments? If we use bitcoin there are some fees that you could get away that much with fiat money.

[cryptohome]

Obviously because BTC has always shown promise to have some crazy gains over the time and it is still going strong everyday. A clever trader will always make right moves to get out with profit each time.

[Jedzkie050617]

People nowadays is wise and practical due to there needs and wants in life. Bitcoin is more advantage during flat because the flat status is not stable after few hours or any moment it will be rise again which takes a good opportunity to those want to invest and having a profitable return.

[quarkyplum]

There are several reasons as to why people prefer using bitcoins than fiat currencies, I would say that those of who knows about the crypto market and bitcoins will be interested in bitcoins and block chain technology rather than using fiat currencies, there are many factors  which attract people to this cryptographic system such as highly secure than fiat currencies, ease of transaction than traditional banking system and highly economic in terms of cost of transactions worldwide. All the transactions is recorded in the public ledger, blockchain and everyone can keep track of all the bitcoin transactions in the blockchain technology. Some people take advantage of destroying the technology by using this for criminal activities like drug trafficking which is also done using fiat currencies, some people are involved in criminal activities even before the advent of bitcoin and blockchain technology, so there is nothing to pin point on bitcoin system of criminal activities.

You have the point but I guess if a person is really a wise investor and handling his/her money, then that person will going to use both bitcoin and fiat money. The reason is that, I really don't want to use bitcoin to buy for simple things and cheap ones because the bitcoin transaction fees is quite high for that - it is rather fitting to pay for fiat money to small things like these and use bitcoin for sound investment.

Just check the Bitcoin rates, you can know it not useful to pay cheap goods. Bitcoin like Gold about this case, Gold also can not use to pay cheap goods, but you can use it to save money, investment, jewelry, ... So, FIAT still has an important role to help us pay anything for daily.

[MMS2017]

yes it's those who are online enterprenurs they like bitcoin very much because they use online currency for buy and sale and that's why they prefer bitcoin instead of fiat money. therefor if we say that bitcoin is very popular as compared to fiat most of the people are doing online businesses and they want to pay and accept in digital currency. in the present time period there are many people and businessman who trust on bitcoin very much.

[Sanitough]

People nowadays is wise and practical due to there needs and wants in life. Bitcoin is more advantage during flat because the flat status is not stable after few hours or any moment it will be rise again which takes a good opportunity to those want to invest and having a profitable return.

Bitcoin is a wise investment and with the benefits it will bring to the users it would only result to an increasing its value.
We should also be smart now, we know bitcoin so we should take risk to invest as for sure based on the prediction of the expert it will cost big in the future. There is nothing to worry as it has proven profitable, we choose bitcoin as an investment but we can still use fiat at the same time.

[yasukata]

It may not be used at all, but it is not limited to bitcoin. I think that the role of bitcoin will become bigger and bigger in the future.

[suzukiy]

everyone chooses bitcoin or fiat they have their own reasons so decided to invest in bitcoin instead of fiat, I think many people are interested in bitcoin and investing there because bitcoin has an advantage in comparison with fiat

[cjinny]

Because bitcoin is more advantageous than fiat. When viewed in terms of excess, bitcoin can be misused as you explain. It is annoying, because the perception of people with bitcoin will be bad.

[harbin55]

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.

As per my own opinion bitcoin is not invented for porn sites, gambling or other bad uses like buying drugs and etc. Bitcoin for me was being invented because of our generation which is technologically modern.

[jimn]

Many people prefer using and dealing with Bitcoin instead fiat currencies, because Bitcoin is decentralized and have low fees, and also it is anonymous. Some other people like to buy bitcoins and hold it until the price go up again highly.

[Astvile]

its because bitcoin is not controlled by any government. it is untraceable and offers more anonymity for the user.

[Fatanut]

yes it's those who are online enterprenurs they like bitcoin very much because they use online currency for buy and sale and that's why they prefer bitcoin instead of fiat money. therefor if we say that bitcoin is very popular as compared to fiat most of the people are doing online businesses and they want to pay and accept in digital currency. in the present time period there are many people and businessman who trust on bitcoin very much.

I think that you are not seeing the bigger picture here. You think that bitcoin is popular just because you are in this forum. This is what you see and maybe your friends are also using bitcoin. But at the end of the day, there are millions of Amazon users, eBay users, and all the other famous online shopping sites out there and they all use Paypal. Paypal is still the leading payment method and people have already become confident using it. Bitcoin is a little too advanced for the mainstream people today.

As people, we have our own needs and wants. Some people need/want bitcoin because the things that he/she wants to buy can be found on this forum but there are also people that needs Paypal and they are a lot more compared to bitcoin users.

[RayvenPierre]

Bitcoin, compared to fiat or paper money is highly volatile, the price can drop down and decrease and it can also spike up an increase in just a matter of minutes. I don't think it is right to say that people prefer bitcoin over fiat because they are earning though bitcoin and converting it to fiat for them to use.

[djmixen]

i think because they see the good characteristic or the good side of bitcoin. many people prefer to use it because they know that in bitcoin they will easily use it in terms of digital currency and the fees are low. the value is also easily increase unlike in other currency or in fiat it is slowly to move if you save it in the bank.

[qxo35]

Because it's anonymous and you can earn some money just by holding it.

[Nelson2]

If everyone knows about Bitcoin then everyone will prefer to use Bitcoin over fiat to make payment because everyone in Bitcoin knows that we can make any amount of Bitcoin money payment without limit.