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Author Topic: Why some people prefer Bitcoin over fiat ?  (Read 58453 times)
_nur
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February 01, 2017, 01:49:33 PM
 #421

because they have a stake on it

they have interest on more fiat going into btc
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February 01, 2017, 04:39:58 PM
 #422

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ?

Other people think that bitcoin is made by those bad images.  For me, it depends on the people how or where to use it.  I used it for paying my bills, loading my phone,etc. No hassle at all.  I used both fiat and bitcoin in a good ways. 
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February 02, 2017, 12:54:45 AM
 #423

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ?

Other people think that bitcoin is made by those bad images.  For me, it depends on the people how or where to use it.  I used it for paying my bills, loading my phone,etc. No hassle at all.  I used both fiat and bitcoin in a good ways. 

It's all the people's preference on what to use on purchasing and paying, it doesn't matter whether it is bitcoin or fiat. What is sure is when we consider bitcoin as money, it will have what money have the "dirt".

because they have a stake on it

they have interest on more fiat going into btc

I don't think so.  Smiley

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February 02, 2017, 03:00:03 AM
 #424

because they have a stake on it

they have interest on more fiat going into btc
I agree but I think not only because bitcoin as investments that generate huge profits, but also because of its use easier than fiat. yesterday I redeem paper money from big nominal to small nominal, of about $700. My fingers become dirty due to be careful in counting fiat.


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February 02, 2017, 03:52:53 AM
 #425

because they have a stake on it

they have interest on more fiat going into btc
I agree but I think not only because bitcoin as investments that generate huge profits, but also because of its use easier than fiat. yesterday I redeem paper money from big nominal to small nominal, of about $700. My fingers become dirty due to be careful in counting fiat.
Life is funny, you have that kind of big amount and yet you complain about your hands get dirty, while for some people, they will be very happy to hold that big amount. That would tell me that life is not fair, people have different satisfaction.

Having said that, we cannot replace fiat just because we are comfortable with bitcoins, think of the majority, the government knows what they are doing.

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February 02, 2017, 02:48:05 PM
 #426

Some people prefer bitcoin over fiat because on some places bitcoin is tax free. I guess it's not bad to use bitcoin for something as long as you're not breaking any law/rules from your place. There's much more misuses of btc but if we continue this discussion it's getting kinda off topic when the title is about bitcoin and fiat.

Actually, we cannot please many people nowadays about which of these two is among the best. Of course even up to now there is community still believed in Fiat and the same thing with Bitcoin too. Although bitcoin sometimes was being used in some illegal activities, but still becoming more stronger because of the demand of the community in bitcoin/crypto world.
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February 02, 2017, 11:17:31 PM
 #427

because they have a stake on it

they have interest on more fiat going into btc
there are certainly differences of fiat to bitcoin that make a person more interested in using bitcoin than fiat, for myself of course bitcoin be keeping a secret my transaction so I prefer bitcoin for this
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February 02, 2017, 11:23:50 PM
 #428

because they have a stake on it

they have interest on more fiat going into btc
there are certainly differences of fiat to bitcoin that make a person more interested in using bitcoin than fiat, for myself of course bitcoin be keeping a secret my transaction so I prefer bitcoin for this
Your transaction will remain secret as long as if no one recognises you as the owner of the wallets, if they do, then your transaction will be revealed because blockchain will always keep your transaction history.
So I must say that the secret status of your transaction is temporary in this case.

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February 03, 2017, 01:43:13 AM
 #429

because they have a stake on it

they have interest on more fiat going into btc
there are certainly differences of fiat to bitcoin that make a person more interested in using bitcoin than fiat, for myself of course bitcoin be keeping a secret my transaction so I prefer bitcoin for this
Although we love the bitcoin, but I am sure 90% of transactions every day are still using fiat money. We must be aware, the use of the bitcoin is very limited to the community who know the bitcoin, and that no more than 0.1% of the world population.
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February 03, 2017, 01:46:54 AM
 #430

things like this has become a habit not only of bitcoin users even of the FIAT also.
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February 03, 2017, 02:18:45 AM
 #431

Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ?

No it's not. Not because some of us here are using bitcoin in an illegal deeds doesn't mean that bitcoin is made just for this messy stuffs that can harm anyone or maybe your own self.


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 agree in your opinion. Indeed that this will cause to a very unhealthy future generation, because kids nowadays are witnessing different brutal, or immoral deeds in their surroundings, causing them to rebel against their parents, or worst on a certain country and became a terrorist. But let's just hope that this problem in this world will be fix soon, though the percentage is very low that we can have peace in this earth.
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February 03, 2017, 02:25:42 AM
 #432

OP, the bitcoin is not made to use in drugs, gambling nor porn, yet the users uses in that way because they cannot be traced that easily and the anonimity is the advantage of it so. It is in the users of bitcoin not to the creator or pioneer of it.
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February 03, 2017, 02:41:01 AM
 #433

I don't use bitcoin for drugs,porn or whatever but I use it for 2 reasons. First it's my money and noone controls it. And second it's also an investment (which is going up right now)
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February 03, 2017, 02:47:02 AM
 #434

things like this has become a habit not only of bitcoin users even of the FIAT also.
This habit will change once we see something new to replace fiat but if it is not supported by the government, we will be taking risk then. I guess it is more on the conformance on what the government wants us to do, we use fiat since it is very easy to use and we have trust and confidence on it.

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February 03, 2017, 06:21:30 AM
 #435

This excessive, don't compare bitcoin with fiat money, 99% of people would choose the fiat money, the reason is because they do not know the bitcoin. I don't blame them because there is no bitcoin socialization.
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February 03, 2017, 10:01:58 AM
 #436

This excessive, don't compare bitcoin with fiat money, 99% of people would choose the fiat money, the reason is because they do not know the bitcoin. I don't blame them because there is no bitcoin socialization.
Yeah I agree with you. Most of the people use bitcoin anonymously and they do not want to show off and they never want to communicate with other people about Bitcoin. Bitcoin is not well supported on many aspects and not many people know about the exist of the Bitcoin. And some of them even think that Bitcoin is very dangerous.





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February 03, 2017, 11:04:30 AM
 #437

Both Bitcoin and fiat are good for payment but I think one may consider Bitcoin over fiat based on a few reasons which are not limited to;
1. Low transactional fees,
2. 24/7 Accessibility,
3. Security.
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February 03, 2017, 11:08:29 AM
 #438

Does anybody know what has happened to the yuan price of bitcoin on Coindesk? It jumped since Jan 30 from 6370 yuans to 7116 (just like as if yuan rate was 7.05), but dollar/yuan rate remained the same - around 6.86.
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February 03, 2017, 02:30:12 PM
 #439

because they have a stake on it
 
they have interest on more fiat going into btc
there are certainly differences of fiat to bitcoin that make a person more interested in using bitcoin than fiat, for myself of course bitcoin be keeping a secret my transaction so I prefer bitcoin for this
Yah, this is one of the best of bitcoin your transaction remains secret, and why people preferred to use this in some illegal matter, yet once your wallet was revealed and people know that this wallet is yours transaction is not anymore secret. This is one feature of bitcoin which can be used in positive sense and also in negative sense.

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February 03, 2017, 03:54:04 PM
 #440

because they have a stake on it
 
they have interest on more fiat going into btc
there are certainly differences of fiat to bitcoin that make a person more interested in using bitcoin than fiat, for myself of course bitcoin be keeping a secret my transaction so I prefer bitcoin for this
Yah, this is one of the best of bitcoin your transaction remains secret, and why people preferred to use this in some illegal matter, yet once your wallet was revealed and people know that this wallet is yours transaction is not anymore secret. This is one feature of bitcoin which can be used in positive sense and also in negative sense.
I agree wih you.Bitcoin transaction is anonymous . Thats why people prefer using bitcoin. But this is not the only reason .In my opinion there are two more reasons for it. One reason is bicoin's price is increasing day by day.So many people want to keep bitcoins as a future assest or investment.Because they think its price will rise again. Another reason is its very easy to transfer bitcoins from one part of the world to another part. That too processing fee is much lesser when compared to paypal and other banking process.No headaches and no stress.Just you need a computer and internet .Thats it. I think its because of this people are preferring bitcoins over fiat.
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