Why some people prefer Bitcoin over fiat ?

[diegz]

Bitcoin is private, secure, transparent, tamper-proof, easy for international transfers. All these are much better than fiat. Of course I don't think bitcoin will replace fiat due to its limited quantity.

Yes it is, and that's the reason why some use it in their illegal activities and on things that they don't want their names to be exposed in public. It doesn't matter whether it replaces fiat or not, the thing is, you can use it in activities that you want as long as it is accepted.

Actually watching porn is not a crime, only that when you keep on watching it, you might end up looking for a real thing. So using bitcoin in paying your subscription in a porn site is just fine I think.

[Dudeperfect]

Bitcoin is private, secure, transparent, tamper-proof, easy for international transfers. All these are much better than fiat. Of course I don't think bitcoin will replace fiat due to its limited quantity.

Yes it is, and that's the reason why some use it in their illegal activities and on things that they don't want their names to be exposed in public. It doesn't matter whether it replaces fiat or not, the thing is, you can use it in activities that you want as long as it is accepted.

Actually watching porn is not a crime, only that when you keep on watching it, you might end up looking for a real thing. So using bitcoin in paying your subscription in a porn site is just fine I think.

I see it as ease of doing transactions and it has nothing to do with morality and such values. Criminals will use bitcoin if they find that it is better than fiat currency but that doesn’t mean bitcoin is wrong or criminal’s currency. I am not favouring illegal activities but yes, bitcoin is far more useful for everyone and sadly for criminals too.

[Hydrogen]

In countries like venezuela, bitcoin is much more stable and less prone to inflation than the native currency.

That's one reason for investing in btc.

 

[TastyChillySauce00]

In countries like venezuela, bitcoin is much more stable and less prone to inflation than the native currency.

That's one reason for investing in btc.

 

If I compare both by the chart, Bolivar which is Venezuelan currency have an instant dump from 0.15 USD per bolivar to 0.1 USD per bolivar but after that, the rate is pretty stable and so does the chart, really different with bitcoin which always changing its price drastically every month. If you saying that the native currency is much prone to inflation and less stable then I think you're wrong.

[thelson]

Well some people prefer to use bitcoin, because bitcoin unlike of tradition currency bitcoin is easily to buy online, bitcoin has no single point of failure, making far more secure.. Unlike of fiat currency is controlled by one institution, bitcoin is customer driven.

[alphablitzer]

Some people prefer bitcoin because of it's anonymity. They prefer not to be known who they are or what their details are. Some ask for it because of their own protection also but making it anonymous, makes it more dangerous. Better yet, ask for an escrow for transactions. Bad people prefer it because they can buy illegally and possibly get away with it, that's only my opinion.

[Theb]

Some people prefer bitcoin because of it's anonymity. They prefer not to be known who they are or what their details are. Some ask for it because of their own protection also but making it anonymous, makes it more dangerous. Better yet, ask for an escrow for transactions. Bad people prefer it because they can buy illegally and possibly get away with it, that's only my opinion.

I don't think that is the main reason why people are using Bitcoin. What you are saying about anonymity is like you are describing Bitcoin as a currency of criminals who are hiding from something. Giving Bitcoin with a bad description can lower its reputation which is bad for both Bitcoin and its users.

[klf]

In countries like venezuela, bitcoin is much more stable and less prone to inflation than the native currency.

That's one reason for investing in btc.

 

If I compare both by the chart, Bolivar which is Venezuelan currency have an instant dump from 0.15 USD per bolivar to 0.1 USD per bolivar but after that, the rate is pretty stable and so does the chart, really different with bitcoin which always changing its price drastically every month. If you saying that the native currency is much prone to inflation and less stable then I think you're wrong.

I invested in bitcoins because its prices are more volatile so that I can make a good profit over the time. If prices are stable, then we can't make good profits from our trade. I don't know about the Venezuela currency, but in my country bitcoins, prices are more volatile than fiat. We can use bitcoins as currency and for investment and that why I like it more than fiat.

[lol3c]

I think, people will get tired of using fiat money because its value keeps going down. They get bored because although the savings in banks or deposit and earn interest but the inflation rate is higher, the bitcoin is awaited to be a solution to it.

Yeah I have the same thought as yours, as when people are so sick with fiat money and how it works, they will begin to realise the real power and potential of bitcoin and maybe start using it. This will bring bitcoin further to a brighter future and higher value, and more and more people will change their idea of money.

[Rostadom]

Some people prefer bitcoin over fiat because they're knowledgeable about it. They know how to make their wallet secure, thus, no theft or anything will happen to them in the following years. They also know how to make money by simply holding their coins. If we're able to buy/sell stuffs both online and offline using bitcoins, I'll ditch fiat and convert it all to bitcoins. Whatever amount of fiat I get from my day job will converted to bitcoins when the price gets lower. But that's not going to happen anytime soon.

[oktana]

I think, people will get tired of using fiat money because its value keeps going down. They get bored because although the savings in banks or deposit and earn interest but the inflation rate is higher, the bitcoin is awaited to be a solution to it.

Yeah I have the same thought as yours, as when people are so sick with fiat money and how it works, they will begin to realise the real power and potential of bitcoin and maybe start using it. This will bring bitcoin further to a brighter future and higher value, and more and more people will change their idea of money.

Inflation & deflation is not an important thing to think about, because Bitcoin is also often experienced the same thing. The stability of major currencies is keeping to not disappear from circulation, so it needs to be up & down. If we analogize, Bitcoin is a fun new toy, and fiat money has been very mainstream of our daily lives. So the answer is, Bitcoin is the ultimate pleasure in our minds today. Bitcoin users are not as much as real money, so we are more opportunities for online business.

[Mastsetad]

These days, people mostly prefer bitcoin over fiat because they see it as an opportunity of earning money as it has a nature which makes it grow with the time, though it also drops the value sometimes but at the end it always goes high which can earn you profit if you invest in it.

[The_Dark_Knight]

There are many reasons to prefer bitcoin over fiat. The most obvious ones I would imagine to be anonymity if needed, evading taxes and purchases in the dark web.

I think however the biggest reason people prefer bitcoin is that they simply don't believe in fiat and banks, but instead think bitcoin is the currency of the future.

the ease of transferring money from one point to another and its secured transactions..you can do this at home or anywhere which has internet connections unlike fiat money you cannot send it online unless you have a bank account., but sometimes bank account transactions needs longer time to process for example holidays or something, bitcoins is more easy to use.

I do Tell people the same thing. Security, speed, ease of transaction from any location are the most considerable fact about Bitcoin. All you need is WIFI right? 

Mostly people use bitcoin because those thing that you texted. Bitcoin network protect the user from scam such as chargeback and unwanted charge, also bitcoin is can not be counterfeited. Some people prefer bitcoin over fiat because bitcoin is better than fiat.

People who sell stuff online should definetly prefer bitcoin over fiat, since its much faster and safer. Bitcoin can't be charged back either.

yes that is right to say that those people who know about the importance of bitcon and they use online services for buying and selling purpose then these people are giving preference to bitcoin, but i think in future all the people who have access to internet will start using bitcoin as currency and specially for online shopping.

I agree with your points and everyone will definitely adopt bitcoin if they will find that bitcoin is a type of currency with which they can do dealing with any person in any country of the world which before was impossible due to high fes of banks and due to limited service of paypal to limited countries.

Not likely to happen, the world is ruled by the government and the rules are created for us to follow. If you see the reality, you can tell that all people are using fiat including the crypto currencies users. I believe that bitcoin will not gonna replace our fiat system, we will not allow it and so the government.

There is no point to even think about the possibility of bitcoin to replace fiat, it is not going to happen governments will prefer to sink their own countries, they will prefer to print their currencies to oblivion and then create a new one, before adopting bitcoin.

[ReLieD]

As far as i think , Bitcoin is preferred over fiat because in some areas / places bitcoin is tax free.

And i dont think bitcoin was made for bad use. Well its human nature , if they find something bad they immediately point out bad things.

Well there are good things as well. Steam uses Bitcoin , Starbucks uses bitcoin.
Why?
Because People Trust Bitcoin

[cengsuwuei]

prefered bitcoin because use bitcoin to investment function
to growth my money
but in real life still prfered use fiat money, because is all buy something still need fiat money not bitcoin

[BitHodler]

As far as i think , Bitcoin is preferred over fiat because in some areas / places bitcoin is tax free.

And i dont think bitcoin was made for bad use. Well its human nature , if they find something bad they immediately point out bad things.

Well there are good things as well. Steam uses Bitcoin , Starbucks uses bitcoin.
Why?
Because People Trust Bitcoin

Bitcoin is an amazing help to people in the way that it allows them to earn by trading, investing, offering their services where they accept it as payment, and the list goes on.

But you also have to realize that governments know that Bitcoin can form somewhat of a threat as it allows people to easily move wealth from their country to another.

If you look at it from that point, then it's not a real surprise that governments use the mainstream media to make Bitcoin look bad.

Bitcoin can do thousands of things right, but as soon as something happens, then they grab that one thing to hammer down on Bitcoin. It's a nasty game being played here.

[CARrency]

Well bitcoin is really efficient in terms of using it, the transactions is good. And one thing about bitcoin that i like is it is digital, you cant hold you cant touch it. But it is really useful.

[The_Dark_Knight]

Bitcoin is private, secure, transparent, tamper-proof, easy for international transfers. All these are much better than fiat. Of course I don't think bitcoin will replace fiat due to its limited quantity.

Yes it is, and that's the reason why some use it in their illegal activities and on things that they don't want their names to be exposed in public. It doesn't matter whether it replaces fiat or not, the thing is, you can use it in activities that you want as long as it is accepted.

Actually watching porn is not a crime, only that when you keep on watching it, you might end up looking for a real thing. So using bitcoin in paying your subscription in a porn site is just fine I think.

I see it as ease of doing transactions and it has nothing to do with morality and such values. Criminals will use bitcoin if they find that it is better than fiat currency but that doesn’t mean bitcoin is wrong or criminal’s currency. I am not favouring illegal activities but yes, bitcoin is far more useful for everyone and sadly for criminals too.

Something that is useful will be used for all kind of stuff, it is not the responsibility of the creator or users to supervise how it is used, computer are very useful and they are being used for crimes or crime related activities but we are not going to ban them because of that.

[Maslate]

Bitcoin is private, secure, transparent, tamper-proof, easy for international transfers. All these are much better than fiat. Of course I don't think bitcoin will replace fiat due to its limited quantity.

Yes it is, and that's the reason why some use it in their illegal activities and on things that they don't want their names to be exposed in public. It doesn't matter whether it replaces fiat or not, the thing is, you can use it in activities that you want as long as it is accepted.

Actually watching porn is not a crime, only that when you keep on watching it, you might end up looking for a real thing. So using bitcoin in paying your subscription in a porn site is just fine I think.

I see it as ease of doing transactions and it has nothing to do with morality and such values. Criminals will use bitcoin if they find that it is better than fiat currency but that doesn’t mean bitcoin is wrong or criminal’s currency. I am not favouring illegal activities but yes, bitcoin is far more useful for everyone and sadly for criminals too.

Something that is useful will be used for all kind of stuff, it is not the responsibility of the creator or users to supervise how it is used, computer are very useful and they are being used for crimes or crime related activities but we are not going to ban them because of that.

Bitcoin is money, while some said that money is the root cause of all evil which is not true. It depends on who uses it as it will not circulated when people are not interested in it. Bitcoin is very useful for both bad and good activities since it's anonymous and we can transact very fast, as in fast.
If a certain person uses this for illegal activities then it's his freedom and he should be accountable for it.

[Karpeles]

Bitcoin is better for online purchases and international transfer(the legal and illegal ones, but some people concentrate too much in the illegal aspect), because it is quicker, almost always cheaper and won't require bank accounts or sign ups in sites that could froze your account at any time