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Singbatak
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July 31, 2017, 10:49:57 AM |
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Its because bitcoins can increase price while fiat money still the same even you hold it a year
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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DevilSlayer
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July 31, 2017, 11:46:46 AM |
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Because bitcoin is very good in use than fiat and bitcoin is very reliable ,, and there are no constraints.
But I think most of the people are prefer fiat than the bitcoin. Many people are still not yet aware to what is the bitcoin. So theybare not yet familiar and they don know how to use the bitcoin for them to able to transact. Many people are still prefer fiat than bitcoin. |
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Ziskinberg
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July 31, 2017, 12:18:48 PM |
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Because bitcoin is very good in use than fiat and bitcoin is very reliable ,, and there are no constraints.
But I think most of the people are prefer fiat than the bitcoin. Many people are still not yet aware to what is the bitcoin. So theybare not yet familiar and they don know how to use the bitcoin for them to able to transact. Many people are still prefer fiat than bitcoin. You are absolutely right, majority of the people will prefer to use cash or fiat instead of bitcoin because they are getting used to it and they have already trust the current system. Bitcoin is definitely a new system that was not fully supported by the government and it is more difficult to use than the traditional currency if we are talking about using it as a currency. |
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8Habits
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July 31, 2017, 12:34:26 PM |
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Because bitcoin is very good in use than fiat and bitcoin is very reliable ,, and there are no constraints.
But I think most of the people are prefer fiat than the bitcoin. Many people are still not yet aware to what is the bitcoin. So theybare not yet familiar and they don know how to use the bitcoin for them to able to transact. Many people are still prefer fiat than bitcoin. You are absolutely right, majority of the people will prefer to use cash or fiat instead of bitcoin because they are getting used to it and they have already trust the current system. Bitcoin is definitely a new system that was not fully supported by the government and it is more difficult to use than the traditional currency if we are talking about using it as a currency. The good thing that majority of people are not really into bitcoin yet is that we, a small number versus the entire world population, will have greater opportunities in capitalizing bitcoin - we already see lots of ordinary people like you and me who became rich instantaneously due to fast rise of bitcoin price. |
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BChydro
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July 31, 2017, 12:44:14 PM |
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Its because bitcoins can increase price while fiat money still the same even you hold it a year
Hope you have heard about forex trading,if you are holding cash then it wont change value in your hands,you have start doing forex trading to see any changes.  Because bitcoin is very good in use than fiat and bitcoin is very reliable ,, and there are no constraints.
I am sure you are purchasing products from local stores with bitcoin. The fact is we need both fiat and crypto currency and that is my opinion. |
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swiftbits
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July 31, 2017, 12:46:59 PM |
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Bitcoin is very convenient, it is used for payment anonymously, it is easy to use and a good investment
you can secure your money and also earn in many ways.
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qwertyup23
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July 31, 2017, 12:47:10 PM |
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Because bitcoin is very good in use than fiat and bitcoin is very reliable ,, and there are no constraints.
But I think most of the people are prefer fiat than the bitcoin. Many people are still not yet aware to what is the bitcoin. So theybare not yet familiar and they don know how to use the bitcoin for them to able to transact. Many people are still prefer fiat than bitcoin. You are absolutely right, majority of the people will prefer to use cash or fiat instead of bitcoin because they are getting used to it and they have already trust the current system. Bitcoin is definitely a new system that was not fully supported by the government and it is more difficult to use than the traditional currency if we are talking about using it as a currency. The good thing that majority of people are not really into bitcoin yet is that we, a small number versus the entire world population, will have greater opportunities in capitalizing bitcoin - we already see lots of ordinary people like you and me who became rich instantaneously due to fast rise of bitcoin price. Exactly as you said! Most of the people prefer bitcoin as a payment due to its price being highly volatile, meaning- the price of it tomorrow might be higher than today. Also, many websites has a conversion of btc to fiat and its availability is scattered across the internet. The reason on why bitcoin's prices are very high is due to its nature being decentralized; being free from any regulation and taxes. |
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Blackdeath
Sr. Member
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Activity: 910
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
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July 31, 2017, 01:02:05 PM |
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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 has been made for a greater purpose not just for those leisure or vices of certain groups of people. Bitcoin has a greater purpose more than that and that it is to uphold the typical currency into an innovative one through the use of modern technology. Bitcoin's usage may be bad or good depending on the user's perception and way of managing it for their own benefit. It must be a responsibility and a job for us to secure and be responsible of using bitcoin in proper ways that it was supposed to be used. |
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Suffoc8
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Activity: 163
Merit: 10
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July 31, 2017, 01:09:17 PM |
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Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ?
There is no reason for any of us to panic about this issue, not only bitcoin other forms of currency are also being used for drug dealing and gambling. However as bitcoin transaction are completely anonymous so it has been currency of choice for porn and gambling industry. But you can also see lots of big merchants accepting bitcoin payments so bitcoin is being used for both legal and illegal stuffs. You are right, panic is not a good idea to do for this issue. Money is always a money. And you can do anything you want because it is yours. You can do it in a good thing or in a bad thing, an illegal thing. And Bitcoin is a money, a cryptocurrency or an Virtual money. |
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tinhyeumaunang
Member
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Activity: 93
Merit: 10
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July 31, 2017, 01:29:32 PM |
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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.
wine. It is you look for the bad of bitcoin. Besides the bad ones are the ones that. You don't should fear. |
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yoonah
Full Member
Offline
Activity: 231
Merit: 100
Presale is live!
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July 31, 2017, 01:30:05 PM |
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Its simple people want their money to grow just like putting it in the bank. So if you have fiat and convert it to bitcoin then you can double or more the money you converted unlike having fiat the value will still be the same after 5 to 10 years.
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YOYOY
Member
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Activity: 98
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July 31, 2017, 01:52:23 PM |
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Well for me, Bitcoin is not just a digital currency used to pay for a variety of goods and services. Although physical forms of Bitcoin exist, the currency's primary form is data so you trade it online and make it grow or trade with other alternative coins like Ethereum, Litecoin and etc. , peer to peer, using wallet software or an online service. Bitcoin is cool, but the underlying technology behind it – the blockchain – is even cooler. Turns out, having a method to record data in a way that cannot be tampered or deleted is a good thing. It is also a cost-effective method to store information. That's why I prefer bitcoin, just like saying I prefer the substance rather than the form.
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erep
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July 31, 2017, 01:58:43 PM |
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I think more than 80% of the people who come into the knowledge of crypto universe will definitely prefer Bitcoin over fiat. Bitcoin is unique and have lots of advantages over fiat, so why not.?
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8Habits
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July 31, 2017, 02:05:27 PM |
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I think more than 80% of the people who come into the knowledge of crypto universe will definitely prefer Bitcoin over fiat. Bitcoin is unique and have lots of advantages over fiat, so why not.?
I am not sure with your number but based on my experience and the people I know that have bitcoins and other altcoins, they are using it for investment and not as their way of life in exchange of fiat money. The fact is, the majority of our commercial transactions involved fiat money hence, using Bitcoin exclusively over fiat money is I think not a wise decision. |
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_Legendary_
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July 31, 2017, 03:18:24 PM |
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I think the majority of everyone is still suggesting and actively using fiat, most of them do not know about bitcoin so that bitcoin is the same as fiat.
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Christian13
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July 31, 2017, 03:52:10 PM |
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One thing, because bitcoin can be use in many ways compare to fiat that can only be use in limited ways. Also bitcoin have more benefits than fiat, bitcoin is faster and convenient rather than using fiat online when buying stuffs and so on. Bitcoin is more valuable than fiat too, because its price is always fluctuating, right now, its price is fluctuating from lower to higher.
Well, I agree that bitcoin have more benefit than fiat. In addition to that, now a day bitcoin become very useful like you can your bills easily and you can also transfer money without any paper works. And also, the price of bitcoin was more valuable than fiat and there is a chance that the price of bitcoin will rapidly goes up and because of that you could make a good profit. |
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knightmairesaint
Sr. Member
Offline
Activity: 490
Merit: 262
privacy preserving smart contracts and beyond
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July 31, 2017, 05:17:35 PM |
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One thing, because bitcoin can be use in many ways compare to fiat that can only be use in limited ways. Also bitcoin have more benefits than fiat, bitcoin is faster and convenient rather than using fiat online when buying stuffs and so on. Bitcoin is more valuable than fiat too, because its price is always fluctuating, right now, its price is fluctuating from lower to higher.
Well, I agree that bitcoin have more benefit than fiat. In addition to that, now a day bitcoin become very useful like you can your bills easily and you can also transfer money without any paper works. And also, the price of bitcoin was more valuable than fiat and there is a chance that the price of bitcoin will rapidly goes up and because of that you could make a good profit. Correct and aside from that earning bitcoin is more fun than earning fiat currencies. Bitcoin is so volatile that its value in the market can reach higher digits offering big profits for all of us. I have started earning bitcoin when its price was just around $1800 and looking at its value today caused me to believe in bitcoins more and to earn more. How I’d wish that I have saved up all my previous earnings. |
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Rizky Aditya
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July 31, 2017, 08:58:40 PM |
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I think more than 80% of the people who come into the knowledge of crypto universe will definitely prefer Bitcoin over fiat. Bitcoin is unique and have lots of advantages over fiat, so why not.?
Obviously when there is astonishing currency like bitcoins, why anyone would go for paper money? Bitcoins have the tendency to increase multiple times your money within few weeks. They are decentralized and anonymous as well giving you full authority over your money. Bitcoins are going to touch sky after the Segwit. |
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A.H.Rassel
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July 31, 2017, 09:20:01 PM |
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We can't please many individuals these days about which of these two is among the best. Obviously, even up to now there is group still put stock in Fiat and a similar thing with Bitcoin as well. Despite the fact that Bitcoin here and there was being utilized as a part of some unlawful exercises, yet at the same time ending up more grounded in light of the request of the group in Bitcoin  |
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guoyu78
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July 31, 2017, 09:55:29 PM |
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One thing, because bitcoin can be use in many ways compare to fiat that can only be use in limited ways. Also bitcoin have more benefits than fiat, bitcoin is faster and convenient rather than using fiat online when buying stuffs and so on. Bitcoin is more valuable than fiat too, because its price is always fluctuating, right now, its price is fluctuating from lower to higher.
Well, I agree that bitcoin have more benefit than fiat. In addition to that, now a day bitcoin become very useful like you can your bills easily and you can also transfer money without any paper works. And also, the price of bitcoin was more valuable than fiat and there is a chance that the price of bitcoin will rapidly goes up and because of that you could make a good profit. Correct and aside from that earning bitcoin is more fun than earning fiat currencies. Bitcoin is so volatile that its value in the market can reach higher digits offering big profits for all of us. I have started earning bitcoin when its price was just around $1800 and looking at its value today caused me to believe in bitcoins more and to earn more. How I’d wish that I have saved up all my previous earnings. That’s cool if you are loving bitcoins this much. They are the most expensive assets in the current era and in the coming future, they will surely be the ruling currency of the world. I believe that people are going to rush for bitcoins when they are about to just touch 5k dollars. Don’t worry, in future save earnings for the bitcoins. |
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