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syarifudin
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August 28, 2017, 09:34:15 AM |
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indeed the purpose of people choosing bitcoin is certainly for business such as trading and investment
Because with these efforts have the opportunity to get a big profit from each activity in bitcoin, and it seems that currently bitcoin changed its original function of that serves as means of payment transactions but is now very valuable asset of course because the value of bitcoin is so high today
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"If you don't want people to know you're a scumbag then don't be a scumbag." -- margaritahuyan
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8Habits
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August 28, 2017, 10:24:08 AM |
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indeed the purpose of people choosing bitcoin is certainly for business such as trading and investment
Because with these efforts have the opportunity to get a big profit from each activity in bitcoin, and it seems that currently bitcoin changed its original function of that serves as means of payment transactions but is now very valuable asset of course because the value of bitcoin is so high today
Bitcoin is really a good investment to have - you can just save and hold some of your accumulated bitcoins or grow them through investing to ICO and trade them - you should do your research though before you trade or even invest on ICO because you might end up losing all of your coins instead of growing them. |
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PacePay
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August 28, 2017, 10:27:07 PM |
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People prefer bitcoin over fiat because it’s change in value. Bitcoin can also be used to buy goods and services easier that the other transaction.
fiat is never convertible and its value be same as they started and due to this people get bored of this fiat money. And yes you are right people love to change the value of currency that is why they chose bitcoin. Now everyone knows that bitcoin can nearly use by all other companies so they can make easily payment through bitcoin. This transaction fee will be less soon in future. |
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BartS
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August 28, 2017, 11:37:43 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 is a decentralized currency.Every one could use it for whatever they wish.No one could control it.In earlier times,bitcoin was mostly used for illegal activities since it is pseudo anonymous.But after some altcoins like monero,zcash came with bfull anonymity,dark markets left using bitcoins.More over,bitcoin has user base all over the world and today it is used for all purposes especially as an investment and not for illegal activities. I guess it is not fair for Bitcoin to say that it was used for illegal activities in the early stages of bitcoin and the same also with present Bitcoin it is no longer used for illegal activities. With all due respect, these are a fallacy. Why? Because because bitcoin was is and will be used to whatever holder of it is going to as they please - hence, it is still can be used for illegal activities just like the fiat money and it was use to buy pizza before and not just for illegal activities.. It is not the job of a currency to evaluate the morality of the user or his actions, a currency is just a way to facilitate trade and in that bitcoin is great, many people can complain as much as they want about the way some people use bitcoin but at the end of the day bitcoin does not hold responsibility for the actions of its users, it is like trying to imprison the CEO of Ford for every accident involving their vehicles. |
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batang_bitcoin
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August 29, 2017, 12:03:45 AM |
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People prefer bitcoin over fiat because it’s change in value. Bitcoin can also be used to buy goods and services easier that the other transaction.
Having the unstable price of bitcoin makes the people prefer bitcoin over fiat. But they are not actually completely in bitcoin already because there are still countries, stores that aren't accepting bitcoin in full payment. Currency is just another reason for bitcoin but the real reason why people prefer bitcoin because it is an investment. |
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miyong
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August 29, 2017, 12:42:13 AM |
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Bitcoin is easy to use and for safety purposes, no more hassle of bringing cash inside your pocket or bag. But bitcoin is decentralized meaning you can use it in some areas only.
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mrBTCman
Jr. Member
 Offline
Activity: 80
Merit: 1
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August 30, 2017, 12:59:26 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 being used to pay for drugs, weapons and other stuff is like some people say, - Dark side of Bitcoin. There are always two sides. It's like a kitchen knife which can be used to cut vegetables or kill someone. |
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staff_1307
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August 30, 2017, 01:22:40 PM |
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To view porn sites, for gambling, buying drugs, the same money is used, so I think it's unacceptable to condemn Bitcoin in this regard.
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Gabrieelle
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August 30, 2017, 01:33:29 PM |
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To view porn sites, for gambling, buying drugs, the same money is used, so I think it's unacceptable to condemn Bitcoin in this regard.
Yes I think you're right they also use fiat to do these dirty things and I guess the reason why they use bitcoin because it is easy and the transactions are fast. They can transfer a big amount of money without being questioned. |
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bitbunnny
Legendary
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Activity: 2898
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
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August 30, 2017, 01:37:07 PM |
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I think that we have come to the point when it's easier to earn bitcoins than fiat money, this could be one of the reasons. Also, Bitcoin it's easy to use, it's available everywhere if you have Internet connection and you are not depending on the bank. Anonimity could be another reason and of course the high value.
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prakashghai
Newbie
Offline
Activity: 27
Merit: 0
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August 30, 2017, 01:47:52 PM |
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I guess because paying via Bitcoin is more convenient and faster especially when it comes to international transfers/shopping
Also because Bitcoin's supply is limited unlike the unlimited printing for Fiat. (if you asked in that perspective)
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Ingoats
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August 30, 2017, 01:53:13 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.
People are prefer to use Bitcoin and other cryptocurrency over Fiat money bacause the people who lives today are called Millenials who born and grow with technologies. People are prefer to hold a cellphone than a coin, wallet or an ATM Card. And Gadgets are the medium of the cryptocurrency for us to be use it. |
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eifer0910
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August 30, 2017, 02:02:18 PM |
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I think most of us like bitcoins because in bitcoins are finances have an oppurtunity to grow unlike fiat that it wss fix & its stay there though we can buy anything we want easily by fiat, I cant replace my bitcoins to fiat becoz someday btc prize will boom & thats a great opportunity for us to grab it right now.
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JCO05
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August 30, 2017, 02:04:50 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.
There are people who prefer Bitcoin than regular currency for the simple reason that it is profitable to them. Just by holding their wealth for a period of time, they'll already make profit out of it. Bitcoin's market value is increasing as time passes by, so it is not surprising that the profit that its user will get will also grow over time. Its other advantages such as being decentralized and the likes are plus points. |
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Potato Chips
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August 30, 2017, 02:36:36 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.
There are people who prefer Bitcoin than regular currency for the simple reason that it is profitable to them. Just by holding their wealth for a period of time, they'll already make profit out of it. Bitcoin's market value is increasing as time passes by, so it is not surprising that the profit that its user will get will also grow over time. Its other advantages such as being decentralized and the likes are plus points. if they're aiming to keep their bitcoins so its overall value will increase, wouldn't it be better to also value fiat as much as bitcoin? i mean if you keep using fiat for all your daily expenses then the overall amount of bitcoins you have will be kept, more holdings more profit. on the contrary using bitcoin everytime results the opposite. preferring something in this situation is not really necessary as you can both take advantage of them |
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anami57
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August 30, 2017, 02:45:57 PM |
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Logically, because its increasing popularity. Then demand for bitcoin is increasing. Well, if many people who hold bitcoin, of course demand for bitcoin isn't met so price continues rise high. And certainly give benefits for bitcoin holders. Which in turn, has very favorable bitcoin than having fiat though in huge quantities.
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Labay
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August 31, 2017, 05:21:50 AM |
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Because the bitcoin have many advantage and they are the one who believe that bitcoin can change your life because the bitcoin is unique and it is our coin that other didnt see what the real meaning of bitcoin.
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kenikat
Newbie
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Activity: 30
Merit: 0
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August 31, 2017, 05:23:45 AM |
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i think that people think it is more anonymous than it is, and feel safer doing dubious activities, but its a shame the coin gets misused
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NoNetwork
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August 31, 2017, 08:14:57 AM |
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i think that people think it is more anonymous than it is, and feel safer doing dubious activities, but its a shame the coin gets misused
Its not that anonymous than you think it is, and definitely not that safe as you imagine it would be especially if you're doing dubious activities. I think no matter how you use it, you cannot consider it as being misused I mean it was made as it will be used freely by the users. The whole creation of it is a means of freedom it self. |
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Kingofbitcoin12345
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August 31, 2017, 08:34:19 AM
Last edit: August 31, 2017, 09:04:18 AM by Kingofbitcoin12345 |
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As my observation serve me well,, I would say the reason is about "freedom",, a word that been associated with bitcoin since its creation date. Does it really matters to us?? Yes,, we do care about our identity for so many reasons and one of those is personal security of your own and your family.. In banks the information is readily available for the criminal minded bankers..
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