Why some people prefer Bitcoin over fiat ?

[ghost14k]

Fiat is stable and stagnant and bitcoin is volatile. I will choose volatile due to I have the chances of growing my investment then I will choose fiat to lock my profits. It's a win win for me. That's how I use the two.

[1714649201]

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[1714649201]

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[BaeNaNa]

Some people prefer bitcoin over fiat because with bitcoin, the value will keep increasing every year if you hold them, that's the opposite of fiat where the value will lose to inflation if you have it for a long time. It can basically act like an investment while it can be used as a currency.

[crustez00]

In my opinion why some people prefer bitcoin over fiat? because bitcoin is more instant and globally connected just with internet itself. people no need to go to ATM to transfer, well some people have their mobile banking. but, bitcoin is way more simpler and easy to use. if the term misuse of bitcoin itself, i think there's some bad impact too with bitcoin existence. need to do some socializing to younger generation about this  

[Kisanaq]

The presence of bitcoin makes it easy for all of us, faster deals and very cheap fees, I'm sure that the future of bitcoin will be brilliant, so it can shift fiat deals.

[Queta_7]

I think, because there are people who are interested in anonymity, tax free, interested to play on the course, to make "free" money, to participate in investing

[8Habits]

In my opinion why some people prefer bitcoin over fiat? because bitcoin is more instant and globally connected just with internet itself. people no need to go to ATM to transfer, well some people have their mobile banking. but, bitcoin is way more simpler and easy to use. if the term misuse of bitcoin itself, i think there's some bad impact too with bitcoin existence. need to do some socializing to younger generation about this  

I would also like to add to the list above - bitcoin can be conveniently used to fund your trading account or gambling account. Before with fiat money, you need to undergo some verification process and provide some identification documents before your account gets activated but with bitcoin, you can have trading or gambling account in an instant after a quick registration.

[Bakugan]

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.

Because it is invisible to the eye of government and we know the porn sites are illegal so they don't want to be caught by people of government so they use it as a tool for doing bad things.

[BlockchainGod]

I think that you too exaggerate. I think it's not much spoils the reputation of bitcoin, because you could buy for the fiat.

[Squidoogeek]

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.

I will agree that things like drugs, gambling and porn can be damaging to society, but this is not what Bitcoin was created for. Bitcoin works best as a counter to the, "If you have nothing to hide, then you should have nothing to fear" mentality of mainstream financial centers and regulators. If you earned $1000 in cash mowing lawns for people and now you want to use that cash to have a new sink installed, then that should be between you, Home Depot, and the guy who installs your sink. But because civil forfeiture is a thing, the cops can seize that cash without cause just by accusing you of being a small-time drug dealer. Bitcoin can sidestep that to a certain degree if you do not advertise that you have Bitcoin. Then you just have to buy a Home Depot gift card with Bitcoin and either learn how to install the sink yourself or find a contractor who is willing to accept Bitcoin. The cops might find the briefcase in your trunk anyway, but you can fill that with last week's stale doughnuts from your office as a joke.

[smith136]

The presence of bitcoin makes it easy for all of us, faster deals and very cheap fees, I'm sure that the future of bitcoin will be brilliant, so it can shift fiat deals.

But if you purchase goods in an face to face you don't need to pay for fees, maybe bitcoin's edge in dealing with transaction is through online because it is fast, secured, and most of all you can conceal your identity.
Most people prefer bitcoin when it comes to savings or investment because the potential gains you could get in bitcoin is relatively high, there are a lot of ways you could earn bitcoin but once you have one you can still earn profit that is why people will choose bitcoin over fiat and because of this most banks are threatened to the rise of digital currencies.

[bololord]

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.

Simply because the value of bitcoin is not stable it changing  it increasing always but  it's risky to prefer bitcoin over fiat and  maybe people prefer bitcoin because the value of fiat is stable and they know that in the future they will get a lot of money just by earning btc

[Portia12]

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.

I dont think the developer make bitcoin for doing bad they create bitcoin to help all individual because bitcoin gives lot of opportunity and to lessen the number of unemployed all over the world.

[UchihaRukawa]

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.

Well, bitcoin is made for transactions to be anonymous, that is why it is being used widely by these kind of people, but the purpose of bitcoin is good, and is for the convinience of many. Now, the way you use your bitcoin is depending on what you wanna use it. Bitcoin isn't bad or something, it is the users that is making it look bad.

[ahiaba.john@yahoo.com]

May be is a fastest way of settling payment but not necessarily encouraging such a organisation as mentioned. Fiat can also be used for the same purpose mentioned. Remember people always want to embrace new things for example say bitcoin as a medium of exchange. Introduction of bitcoin is for economical purposes I guess.

[natekim07]

what is the meaning of fiat?

[GorillaDental]

what is the meaning of fiat?

Fiat currency is legal tender whose value is backed by the government that issued it. The U.S. dollar is fiat money, as are the euro and many other major world currencies. This approach differs from money whose value is underpinned by some physical good such as gold or silver, called commodity money.Dec 6, 2015
Fiat Currency: What It Is and Why It's Better Than a Gold Standard ...
https://www.fool.com/investing/.../fiat-currency-what-it-is-and-why-its-better-than-a.asp...

"Re: Why some people prefer Bitcoin over fiat ?"
Because the quantity has a hard cap, it will become deflationary over time with adoption.

[Kattleya]

Personally, I prefer Bitcoin over fiat when it comes to sending money. The fees are lesser compared to remittance services and you receive the money fast. In terms of trading and investment, it is very volatile. However, based on what I experienced, it is also the fastest way to gain profit.

It's not for everyone though. It takes a lot of experience and self-education for you to be well-versed with it and actually make money with it.   

[kucritt]

bitcoin is a good choices. this value is higher than other crypto, it can use for international payment, you can send money internationally, and you can use it, send it, receive it anywhere if you have an internet connection and a smartphone

[Crytpozer0]

Bitcoin is proven to be higher and higher its price is rising up over time while fiat stays the same or even goes lower over time.

[Mei1418]

because bitcoin is more effectively carried anywhere with just carrying the phone, further reduce the risk,