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Author Topic: Why some people prefer Bitcoin over fiat ?  (Read 58452 times)
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September 21, 2017, 03:27:33 AM
 #981

Because Bitcoin is superior in all aspects of money. FIAT has tons of faults, BTC doesn't have any it's perfect money, and you can trust it because of the immutable ledger.

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September 21, 2017, 04:12:58 AM
 #982

Because bitcoin provides an alternative that allows anyone who uses it to send and receive Bitcoin, without a banking bureaucracy that requires a fee and time. Although bitcoin and fiat need each other, Bitcoin can not stand alone then become the single currency in the world economy. because it still has to be paired with Fiat and traded in the currency pair as in foreign currency trading.
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September 21, 2017, 04:36:18 AM
 #983

Because bitcoin provides an alternative that allows anyone who uses it to send and receive Bitcoin, without a banking bureaucracy that requires a fee and time. Although bitcoin and fiat need each other, Bitcoin can not stand alone then become the single currency in the world economy. because it still has to be paired with Fiat and traded in the currency pair as in foreign currency trading.


Because bitcoin has no third party,you can use it universally.Transaction occurs instantly,its rate against fiat currencies worldwide fluctuates a lot and the profits could be very dramatic very soon.
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September 21, 2017, 05:19:22 AM
 #984

Because bitcoin provides an alternative that allows anyone who uses it to send and receive Bitcoin, without a banking bureaucracy that requires a fee and time. Although bitcoin and fiat need each other, Bitcoin can not stand alone then become the single currency in the world economy. because it still has to be paired with Fiat and traded in the currency pair as in foreign currency trading.


Because bitcoin has no third party,you can use it universally.Transaction occurs instantly,its rate against fiat currencies worldwide fluctuates a lot and the profits could be very dramatic very soon.
If you hold longer you are probably gonna make profit but when you do panic and when there is a bad news or FUD you'll likely
not gonna last. When we aim for bigger profit, we should be strong all the time.

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September 21, 2017, 05:36:32 AM
 #985

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 think people prefer to earn a lot of btc becuase they know that the value of bitcoin is still increasing month by month or day by day so many people invest here or hold becuase they want to get a lot of profit.
And there is some proof that bitcoin are increasingly that if you may hold it then much profit you can get in the future.
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September 21, 2017, 05:56:50 AM
 #986

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 think people prefer to earn a lot of btc becuase they know that the value of bitcoin is still increasing month by month or day by day so many people invest here or hold becuase they want to get a lot of profit.
And there is some proof that bitcoin are increasingly that if you may hold it then much profit you can get in the future.

I manage bitcoin positively, I used to play in hyip and gambling online business using fiat, now everything is changing because bitcoin fluctuations are able to eliminate stigma with higher percentage of higher investment profits in a healthier way.

I continue to use fiat for payment in the real world, and using bitcoin for online business purposes, this is a balance that keeps me excited and never bored.

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September 21, 2017, 05:57:12 AM
 #987

In bitcoin you can earn a never ending potential profit while in fiat you just only dreamed.
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September 21, 2017, 06:16:32 AM
 #988

Because bitcoin provides an alternative that allows anyone who uses it to send and receive Bitcoin, without a banking bureaucracy that requires a fee and time. Although bitcoin and fiat need each other, Bitcoin can not stand alone then become the single currency in the world economy. because it still has to be paired with Fiat and traded in the currency pair as in foreign currency trading.


Because bitcoin has no third party,you can use it universally.Transaction occurs instantly,its rate against fiat currencies worldwide fluctuates a lot and the profits could be very dramatic very soon.
You have a point. Also, bitcoin users are in full control of their transactions. Bitcoin payments can be made without personal information tied to the transactions.
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September 21, 2017, 06:38:39 AM
 #989

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 want to use bitcoin for a good and profitable thing. I really do not like people using bitcoin for bad things, like buying drugs, gambling, paying women and others.
I think it should not be used for bad purposes like paying against drug, paying in gambling and for porn enjoyment. Good and bad are everywhere in the world, may be some people pay bitcoin for such kind of bad activities but not mostly because many people use bitcoin for shopping purpose individually nationally and internationally and the buyer insist for bitcoin payment instead of fiat, so it means people prefer bitcoin over fiat.  

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September 21, 2017, 06:38:48 AM
 #990

Because bitcoin provides an alternative that allows anyone who uses it to send and receive Bitcoin, without a banking bureaucracy that requires a fee and time. Although bitcoin and fiat need each other, Bitcoin can not stand alone then become the single currency in the world economy. because it still has to be paired with Fiat and traded in the currency pair as in foreign currency trading.


Because bitcoin has no third party,you can use it universally.Transaction occurs instantly,its rate against fiat currencies worldwide fluctuates a lot and the profits could be very dramatic very soon.
You have a point. Also, bitcoin users are in full control of their transactions. Bitcoin payments can be made without personal information tied to the transactions.
When we have freedom and we are not controlled when we are transacting, I guess that gives us freedom and bitcoin gives that to us.
People will prepare bitcoin once they understood it, it's not only for transaction but they can also consider it as an investment.

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September 21, 2017, 12:42:04 PM
 #991

Because bitcoin provides an alternative that allows anyone who uses it to send and receive Bitcoin, without a banking bureaucracy that requires a fee and time. Although bitcoin and fiat need each other, Bitcoin can not stand alone then become the single currency in the world economy. because it still has to be paired with Fiat and traded in the currency pair as in foreign currency trading.


Because bitcoin has no third party,you can use it universally.Transaction occurs instantly,its rate against fiat currencies worldwide fluctuates a lot and the profits could be very dramatic very soon.
You have a point. Also, bitcoin users are in full control of their transactions. Bitcoin payments can be made without personal information tied to the transactions.
When we have freedom and we are not controlled when we are transacting, I guess that gives us freedom and bitcoin gives that to us.
People will prepare bitcoin once they understood it, it's not only for transaction but they can also consider it as an investment.

beside that with bitcoin, we don't have to pay monthly fee and we don't have to pay taxes. this is another benefit from bitcoin and i am sure that if people out there know this, they will be happy and they can reduce their fee for monthly. people wants to manage their funds by themselves and no third party interfere with their account and only them that will know like above me said.

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September 21, 2017, 12:50:22 PM
 #992

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 was designed in the way that it can easily be used for such illegal things. With every technology, comes some drawbacks just like internet and mobile phones. Most of the inventions have a negative side as well. But now Bitcoin is recovering from that. A recent survey shown that the use of Bitcoin in illegal market has reduced considerably. This trend will definitely continue with evolvement of cryptocurrencies.

In day to day transactions nobody is preferring bitcoin over fiat. Bitcoin is largely an investment asset today and instead of using it in transactions people tend to hold it because of its deflationary property.
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September 21, 2017, 01:10:24 PM
 #993

People prefer bitcoin over fiat because some fiat loose value sometime which was the thing that happened in Venezuela and argentina with bitcoin the price will always increase.

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September 21, 2017, 10:17:42 PM
 #994

If you are asking in a bitcoin forum / community why we are preferring bitcoin over fiat money, the answer is very obvious. And if you are asking the banks why people prefer to use fiat instead of bitcoin, you'll hear different degrading words from them. Frankly, I prefer to use bitcoin now it has a lot of use, online money, investment, bigger potential and it's decentralized.
Bitcoin is an online investment that is why we are using bitcoin more often than fiat because when you have a lot of fiat then you cannot grow it everyday because it has a fixed value while if you have a lot of bitcoins then you can earn more money because its price is volatile and it can go up to 10% in just a day which is a great gain for an investment in terms of short term.

Keeping your fiat will be lowered it's value because of inflation and with bitcoin, what's happening is different and opposite of it which is deflation. The longer the time serves, the higher the value of bitcoin is so everyone is treating it as our very own online investment and keeping it for better future. And when the time comes in the future that everyone uses bitcoin, there will be more of another features that we will enjoy from it.

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Harlot
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September 21, 2017, 10:38:53 PM
 #995

If you are asking in a bitcoin forum / community why we are preferring bitcoin over fiat money, the answer is very obvious. And if you are asking the banks why people prefer to use fiat instead of bitcoin, you'll hear different degrading words from them. Frankly, I prefer to use bitcoin now it has a lot of use, online money, investment, bigger potential and it's decentralized.
Bitcoin is an online investment that is why we are using bitcoin more often than fiat because when you have a lot of fiat then you cannot grow it everyday because it has a fixed value while if you have a lot of bitcoins then you can earn more money because its price is volatile and it can go up to 10% in just a day which is a great gain for an investment in terms of short term.

Keeping your fiat will be lowered it's value because of inflation and with bitcoin, what's happening is different and opposite of it which is deflation. The longer the time serves, the higher the value of bitcoin is so everyone is treating it as our very own online investment and keeping it for better future. And when the time comes in the future that everyone uses bitcoin, there will be more of another features that we will enjoy from it.
Yes the value of your Fiat Currency will be lowered due to inflation in that process your purchasing power will be smaller. But inflation is really not a bad thing it is a sign of growth and it is a sign of demand which Japan is actually wanting for years. What you need to worry about is Hyperinflatuon which does not signify any economic growth. But anything within 10% below is a normal inflation of a growing country.
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September 22, 2017, 12:12:42 AM
 #996

Of course almost users here will choose bitcoin over fiat money for the fact we can make profits either in short or long run because of its volatility and fluctuating price in no time. But you can lose if you don't manage it very well. We can have big returns just by holding our bitcoins.

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September 22, 2017, 05:26:10 AM
 #997

Of course almost users here will choose bitcoin over fiat money for the fact we can make profits either in short or long run because of its volatility and fluctuating price in no time. But you can lose if you don't manage it very well. We can have big returns just by holding our bitcoins.
You are right. for those who understand that there is a very profitable digital currency, it would prefer it rather than fiat, of course not to replace its function, but to gain profit. and true, if not careful can be a loss, like me yesterday while trading.

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September 22, 2017, 09:42:39 PM
 #998

It is because with bitcoin, it is easy to access via the internet. It is also safe and secure to keep your coins in some kind of wallet on the internet. Also, bitcoin is profitable in so many way that makes it a plus points to anyone who is in the bitcoin world.
Some people prefer bitcoins over fiat because of following reasons:
1.   They are better option for online transactions because its tax free even in intercontinental.
2.   They are the future of the paper money.
3.   They are being used for trading and investing purposes all over the world.
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September 22, 2017, 09:47:21 PM
 #999

maybe we will not be able to do anything, until whenever the porn industry, drug will become a business always, there will always be new ways to utilize it ..

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September 22, 2017, 09:57:45 PM
 #1000

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.

Yes they are the wrong group of people using bitcoin. If bitcoin is already used to buy drugs there may be a rule that will be issued to prohibit the use of bitcoin throughout the country. If that happens then it is certain that bitcoin will lead to death.
Such a ban may happen but it is not going to hold any water, the real reason behind a bitcoin ban coming from the governments will come from the fact that they are very afraid of all the possible changes that bitcoin is going to bring, a disruptive technology like bitcoin is going to change the way things are done, many people that have government jobs are probably going to lose them once bitcoin becomes widely used because there is not going to be any money to pay them and bitcoin will be able to replace most of those workers thanks to the blockchain.
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