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Author Topic: Why some people prefer Bitcoin over fiat ?  (Read 58452 times)
EiKaGlaShPriSAThWEl
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November 27, 2017, 09:17:15 AM
 #1401

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 also hate it. They must not use bitcoin that way. They must not have or earn bitcoin. The bitcoin they own must be given to other people who really deserves it. There are so many people out there who need that to be able to use it for their needs not for pleasure.

I think many people prefer bitcoin than fiat because of its price and it has now very useful than fiat especially to a country that has a very advanced technology.

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Drakula
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November 27, 2017, 09:25:02 AM
 #1402

Bitcoin has a lot of features and because of that features people from every field are getting benefits from bitcoin so they prefer bitcoin over fiat.
Absolutely right, Bitcoin has this quality to let people feel that they are safe when using it . The value of Bitcoin is increasing while the fiat money stays on its original value. Fiat money is giving them a hard time make it grow while Bitcoin is accessible to everyone.
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November 27, 2017, 09:26:12 AM
 #1403

Because in bitcoin you can earn easily or get high profit but in fiat you can also earn money but so small. In bitcoin they can double your money but fiat give only 5% in 6months
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November 27, 2017, 09:28:08 AM
 #1404

Bitcoin offers a large number of possibilities, most of which is anonymity. Many stores/sellers are already trying to implement it as a payment system, there is also a Bank card with bitcoin, when you pay in store, cryptocurrency exchange it for the currency of the store and takes payment. For bitcoin future.. definitely!
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November 27, 2017, 09:28:20 AM
 #1405

Bitcoin at times is used for the wrong reasons but the reason it is used for illicit purposes is that it is anonymous. It is moving away from being a day to day currency to a store of wealth which will bring its own problems.

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November 27, 2017, 08:41:35 PM
 #1406

Bitcoin at times is used for the wrong reasons but the reason it is used for illicit purposes is that it is anonymous. It is moving away from being a day to day currency to a store of wealth which will bring its own problems.

Yes I agree with you, because the higher the price goes, it becomes more expensive and can be used for multiple things with a little quality of bitcoin. When it becomes a store of wealth, its expensiveness will be less looked at and used for anything  Undecided

Bitcoin is more preferred over fiat cause it is decentralized and can be used by anybody anywhere.
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November 27, 2017, 09:35:23 PM
 #1407

I think most of the people used it for business purpose rather than for online selling and purchasing
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November 27, 2017, 09:38:36 PM
 #1408

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.

People prefer vitcoin over fiat because bitcoin is increasing each of the day so that it helps people to earn a lot. Also the calue of bitcoin is much better than fiat. There is a lot of profit that can get here in bitcoin.

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November 27, 2017, 09:47:49 PM
 #1409

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.



With Bitcoin your wealth cannot  be trace or quick notice  in the real world,as you own your  private key,with Bitcoin you access what you want easily  without any barrier relating with international laws.
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November 27, 2017, 10:16:21 PM
 #1410

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.
RaymanC.
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November 29, 2017, 03:23:13 AM
 #1411

People prefer to use bitcoin rather than fiat because of fast transactions of payment system online and is very convenient to use. The use of bitcoin surely be a future of currency in the future years of digital currency and those features will really influence people so much. As the start of 2017 in january until present, bitcoin performed well and that gained more positive impressions in all who adopts this currency to be much profitable than fiat.
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November 29, 2017, 03:51:02 AM
 #1412

Because bitcoin does not require an intermediary like fiat, it can run itself on blockchain. The sender and receiver are the full holder of the bitcoin, plus the bitcoin security level is very strong.

That is perfect. With Bitcoin, we are totally free and on our own. With fiat, we are actually under the rules and regulations of the central bank and other banks and the government. Bitcoin is giving us a certain level of freedom. In terms of security though there are still risks as hacking is a very strong threat for now. But let us just practice high level of caution in our transactions as well as in sharing some wallet info.
Because bitcoin is so much higher value than fiat, and interms of transaction bitcoin is much safe, secure and fast. Maybe why some people prefer to use bitcoin over fiat because it is reliable and growing.

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November 29, 2017, 04:00:38 AM
 #1413

Bitcoin is a popular currency all over the world. It can be use in different transactions all over the world. It has a high and increasing value. These are just some reasons why some people prefer bitcoin over fiat. People wanted to hold their bitcoins to earn more compared to fiats, even they hold it, it will not increase just like bitcoins. They also think that it can be an easy and simple way to do transactions. It can be secured because most bitcoin wallets are ensuring their securities. Living in a digital world makes works digital.

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November 29, 2017, 10:23:06 AM
 #1414

Because bitcoin does not require an intermediary like fiat, it can run itself on blockchain. The sender and receiver are the full holder of the bitcoin, plus the bitcoin security level is very strong.

That is perfect. With Bitcoin, we are totally free and on our own. With fiat, we are actually under the rules and regulations of the central bank and other banks and the government. Bitcoin is giving us a certain level of freedom. In terms of security though there are still risks as hacking is a very strong threat for now. But let us just practice high level of caution in our transactions as well as in sharing some wallet info.
Because bitcoin is so much higher value than fiat, and interms of transaction bitcoin is much safe, secure and fast. Maybe why some people prefer to use bitcoin over fiat because it is reliable and growing.
Bitcoin is very transparent due to the public ledger that a transacting party can be considered as a contract.
People who likes transparency should choose bitcoin because you are in control of your money unlike banks when they can see your transaction
and might hold your money.
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November 29, 2017, 10:28:32 AM
 #1415

Online market represents around 15% to 30% a few organizations deals as of now since they make as a rule a considerable measure advancements over web BTC is a computerized coin, which influences it to culminate coordinate since you can utilize it to shopping a similar way in the event that you were utilizing a charge or Visa, the main issue yet is the vendors in the general aren't yet working with it. Other than those a few people are moving their reserve funds into BTC because of its capability to get an incentive after some time and instability.
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November 29, 2017, 10:37:45 AM
 #1416

Because bitcoin is very practical, more expensive than money, and a high level of security makes me choose bitcoin as a transaction tool. But I save more for future assets.
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December 01, 2017, 05:19:55 AM
 #1417

The transaction in Bitcoins occurs almost instantly.

Bitcoin Network is Secure and very very strong, you control your coins and you keep them all at your disposal all the time. Removes the trust factor.
You pay a very small amount of fee for any transaction.

Bitcoin rates against fiat currencies worldwide fluctuates a lot and the profits (and losses) could be very dramatic very soon.

Bitcoin price factor are universal and it is same for anyone. Same for you and for anyone anywhere else in the world.

Bitcoin transactions are anonymous and there is no third party that can, in any way manipulate with your transaction.

Features like anonymity, security, control, faster transactions, availability, universal nature makes Bitcoin popular among people.
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December 01, 2017, 12:10:02 PM
 #1418

The best reason for choosing bitcoin over fiat is that there are no problems with it. You can earn more with bitkoin not only because it's value varies faster than fiat, but it doesn't have a tax. With bitcoin, you can save money, because you can have a wallet where you can pay, buy or even convert it if you need money.
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December 01, 2017, 02:23:58 PM
 #1419

well because bitcoin gives such minimal hassle to people rather than fiat, because bitcoin just stays in your account and the transactions are also less hassle because you can do it in your phone or computer, eliminating the need for falling in line just to pay some bills.
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December 02, 2017, 05:03:45 AM
 #1420

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 many people see’s the potential of bitcoin in our society. With the help of bitcoin it is not just a electronic currency that you can use in commercial trade but they be able to help you in a such way of putting your money in a cycle by generating passive income without exerting too much for it.
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