Why some people prefer Bitcoin over fiat ?

[8Habits]

because if we HOLD fiat, the asset will not increase, then now try if you hold the current bitcoin.
the asset will be able to rise, because bitcoin is a form of investment / asset that is highly recommended for us HOLD

That is so true, holding fiat money will depreciate its value due to inflation and the more the government is going to make more paper money, the more it will decrease its value in the process.. However, with bitcoin, it has the potential of going high in value because it is a limited resource like that of gold.

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[sirkings0003]

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.

Bitcoin is made for everybody just like fiat currency is made for everyone. I do not know why once bitcoin is mentioned, people will begin to talk about negative vices. In as much i know bad vices should be condemned, let not be tied around bitcoin neck.

[cevacolor]

That is because it is easier to gain income on Bitcoin compared to fiat. Also, even though they are not always checking their account to see if changes have occurred.

[jangangilaya]

Bitcoins have no middlemen meaning bitcoins are decentralized. No government or country owns all the bitcoins. Bitcoins have little to no transaction fees compared to fiat money. Bitcoins are untraceable and hackers can not follow your bread crumbs making bitcoins unhackable.

[valentine401]

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.

All of your precautions are true that even those terrorist can use bitcoins for their own purpose but i believe that bitcoins is also the answer to survive poverty and because of that, more and more people are keep on investing due to bitcoins is the mainstream today and it was being advertised to social media's that btc is the easiest way to earn profit because of the markets volatility.

[marcuslong]

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 a real money, Bitcoin is also possible to used in illegal transaction. Maybe it's their trick in able for get to be not caught by the government. They are laundering money by using bitcoin. Well, If you're giving me chance to choose Bitcoin and fiat, I will choose bitcoin. Why? Because this currency is used for trading and making business. The business that all of you should gain and earn money. Maybe there are people is hard to gain money, well there are lots of things that they should do. Hardwork is the secret. You can get money from trading bitcoins rather than fiats.

[Dreherns]

i prefer Bitcoin over fiat because i can travel with 100,000$ without be worry.
high security and small space made bitcoin

[removebeforeflight]

Valid point. Bitcoin serves and offer many useful things what fiat cannot offer but people who don't know about it or against it would spread these small incidents also as if bitcoin is used mainly for wrong things as you mentioned. However, I agree that it is used for wrong things as well but the percentage of that is minimal like less than 1% compared to fiat. Do you ever thought how terrorists and other criminals exchange their currency before bitcoin exists? Currency in any form would be used for many purpose whether it is good or bad.

[Malintha1996]

I think people tend to use bitcoin because of it's large value.In addition to that bitcoin being decentralized and global is another reason for people to prefer bitcoin over fiat money. Since bitcoin is global a user can trade with a person in any country in the world. But if we do a transaction with fiat money that cost us a higher transaction fee and we have to act under the rules and regulation of that particular country . When it comes to bitcoin transaction fee is negligible.

[BlasterS]

It is because bitcoin offers a good opportunity that will last longer and many the users satisfied to their everyday profit in bitcoin, also they think that it is more easy to invest in bitcoin rather than fiat.

[Qartersa]

No offense meant but I beg to disagree on this one. While I am a Bitcoin investor, I do not subscribe to your supposition that it is easier to invest in Bitcoin than in fiat. In fact, it is the exact opposite. Even so, I still prefer investing in Bitcoin over fiat because my money in the former grows more than when merely invested in the latter. I am more concerned about the potential growth of my money rather than the degree of difficulty I have to go through along the way. Hence, it is not accurate to quantify the easiness of investing in Bitcoin. It is just downright impractical.

[BitcoinPaw]

People nowdays are scared . because they do not believe to their goverment anymore. Bitcoin is very good and safe way to become indepeded in this case. Also anonimity is one of the reason whye people prefer bitcoin.

[cryptojoe]

People prefer bitcoin over fiat because it’s change in value.

[logicgate]

I think people tend to use bitcoin because of it's large value.In addition to that bitcoin being decentralized and global is another reason for people to prefer bitcoin over fiat money. Since bitcoin is global a user can trade with a person in any country in the world. But if we do a transaction with fiat money that cost us a higher transaction fee and we have to act under the rules and regulation of that particular country . When it comes to bitcoin transaction fee is negligible.

It all depends on the individual who is having bitcoin in his wallet. Bitcoin can be used for any kind of activity for which you really want to use that bitcoin. However, it is not a good thing to use bitcoin for any kind of illegal activities and we all should discourage such kind of thing so that it may not affect the reputation of bitcoin. Bitcoin is really a good thing and we should try to make its better image in the society.

[redsun114]

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.

Fiat money does not increase the price and that's the advantages of crypto currencies especially bitcoins. Because your $ 1 might be 3 $ a day, But it's also likely that it's falling but if you have a strategy you'll definitely make money here

Bitcoin is a way better than paper money or fiat. What I like the most is there is no direct tax involvement. The owner has complete authority over his asset and he can make good amount of profits by simply holding on to this coin for a long period of time. Not only this, the owner of this digital currency remains anonymous and I think most of us like to stay low profile for security and safety purposes. It is the future of money also.

[teoco161]

Bitcoin transactions are anonymous and there is no third party that can, in any way manipulate with your transaction.Also, the transactions are not limited in your locality because you would not need to hand your money over.

[8Habits]

Bitcoin transactions are anonymous and there is no third party that can, in any way manipulate with your transaction.Also, the transactions are not limited in your locality because you would not need to hand your money over.

That is the really the good side of bitcoin. It is not like fiat money where when you deposit your money to the bank, it is under its regulations and it feels like your money is handed over to the other person, which is in fact what happened. With bitcoin, you are your bank once you have deposited your coins to your local wallet.

[Becase]

It is not about bitcoin, it is about some sites which are promoting bad product in society from online, than people are using the bitcoin.
For example, bitcoin was not here, than still some criminals people are doing it, and using fiat currency. So i don't think that we should blame to bitcoin.

[Max79]

More easy for transactions is my considering to use bitcoin over fiat money.So many advantage of bitcoin wich make people prefer bitcoin over fiat.

[smile1218]

Some people prefer bitcoin as an investment compare to fiat is because investing in bitcoin has a higher rate of return.