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Author Topic: What can you do with Bitcoins but can't do with Dollars?  (Read 1808 times)
niotib
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August 29, 2017, 05:52:50 PM
 #1

What can you do with Bitcoins but can't do with Dollars?


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August 29, 2017, 05:56:48 PM
 #2

What can you do with Bitcoins but can't do with Dollars?



Well, firstly, earn a ridiculous value increase. Secondly, I can sell bitcoin for a ridiculous fee. Thirdly, I can market physical BTC coins as if they were unicorns, and consequently earn a profit on them as if they were unicorns. Etc...
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August 29, 2017, 05:57:53 PM
 #3

If you hold bitcoins for around five years, the original price might double or triple or even be ten times the original, on the other hand if you hold dollars for 5 years the price won't increase enough to make you a profit like bitcoin does.
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August 29, 2017, 05:59:58 PM
 #4

Well my answer is simple, I can convert them into dollars with much huge amount rather than converting dollars to my fiat currency in my country. And that really matters because the value that bitcoin offers is much more compared to dollars alone.

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August 29, 2017, 06:02:21 PM
 #5

What can you do with Bitcoins but can't do with Dollars?



I think the best thing about bitcoin compared to dollars is that the big increase in value. Bitcoin can change it's value up to 2x in just a day. While dollar would even take a year to increase up to 10%. Bitcoin price is unpredictable and dollar depends on the economy. It's easier to transact with bitcoin and it's more secured.

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August 29, 2017, 06:03:55 PM
 #6

What can you do with Bitcoins but can't do with Dollars?



A lot of things... you can send them from your country to an other without intermediaries.
you can also store all bitcoins that you want inside your brain... is enough to remember the 13 words of the Electrum seed... and without that no government, or authorities can have access to them.
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August 29, 2017, 06:19:39 PM
 #7

What can you do with Bitcoins but can't do with Dollars?



one is that you can hold on to your bitcoin for a longtime and expect a huge increase in its value
i doubt dollar would have such
you can use it anywhere whatever country you are


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August 29, 2017, 06:23:02 PM
 #8

Well think of it as Bitcoin is like a Gold which is really different from the normal money. Gold and Bitcoins are almost the same because you can invest your money here and wait for the price to rise. The only difference is Bitcoin is a digital currency while Gold is not, that's why they are almost just the same. What i can do to Bitcoin that can't do to Dollars is that i can save them to any exchanges even in my own PC.

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August 29, 2017, 06:24:22 PM
 #9

I can Fuel my Lamborghini with BTC and go for a long ride, Sometime i forget what the heck is Dollars?
And i think i told Lamborghini but I din't told that I was able to afford Lamborghini because of Bitcoin if i was stick on my Dollars and my Freaking 9 to 6 Job than i could never think about even a BMW or Lexus That is what BTC can do and Dollar can't do.

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August 29, 2017, 06:30:35 PM
 #10

You can do everything with bitcoin that you do with dollar. The most big difference is  if you hold bitcoin, you will have a rise in the value, and possible a big rise. Holding dollar won't do that, unless you  compare it with other fiat currencies.  A downside of bitcoin, is that you have to be sure not to sell bitcoin to the wrong guys, because then your funds might be considered  fraud in the bank.
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August 29, 2017, 06:36:14 PM
 #11

What can you do with Bitcoins but can't do with Dollars?

It's not necessarily about what you can't do with dollars, but what you can't do easily or without risk of lost/frozen funds. Bitcoin is about removing trust and intermediaries. For example, if you want to contribute to Wikileaks, Bitcoin is superior; they can have their PayPal account frozen at the request of the US government. Same goes for the Pirate Bay or lots of other groups/sites. Bitcoin (in theory) removes centralized authorities that can freeze money transfers (but it must remain decentralized for that to be true).

At the end of the day, you can buy all the coffee (or whatever legal consumer goods) you want with dollars. Bitcoin doesn't add value there. Bitcoin is more about the payments that they say you can't make.
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August 29, 2017, 06:45:42 PM
 #12

What can you do with Bitcoins but can't do with Dollars?
There are lots of things which we can do with bitcoin but not with dollars or fiat. For example;
- buying drugs online
- hiring hitman online

some positive ones;
- buying hosting/domain name from the country where no any banks will issue world wide accepted debit cards
- Paying anonymously online
- You can store millions of dollar in bitcoin without getting noticed by your local authority so you don't have to show source of those fudns
- You don't have to pay tax on earning you will make by trading bitcoin.

 
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August 29, 2017, 07:14:51 PM
 #13

Apart from the mentioned benefits of a trustless and secure system, Bitcoin transactions contain scripts that define how the funds can be withdrawn. This makes Bitcoin a smart system to which you can add fetures like multisig. You can't give dollars to 2 out of 3 people Cheesy You have to trust someone with a complete control of the fiat you gave them.
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August 29, 2017, 07:29:11 PM
 #14

What can you do with Bitcoins but can't do with Dollars?



A lot of things... you can send them from your country to an other without intermediaries.
you can also store all bitcoins that you want inside your brain... is enough to remember the 13 words of the Electrum seed... and without that no government, or authorities can have access to them.

i think most of the t things that we an do with bitcoin can also do with USD, but i think the difference is only between their conenient, i think that there are a lot jobs that we can do using fiat very easily but in such places we cannot use bitcoin, while in some places we can sue bitcoin but cannot use USD so easily and conveniently where we can use bitcoi. for example in online gambling we can easily use bitcoin while in such situation it is difficult to use Fiat.

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August 29, 2017, 07:34:27 PM
 #15

You can divide Bitcoin into far smaller units for the time being, at least. Once Bitcoin can be divided into small fractions of a cent... something which cannot be done with physical money (obviously).



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BTCdoaA
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August 29, 2017, 07:52:07 PM
 #16

Nowadays everything get with dollars can be done with bitcoin even in some countries  you can't buy food by bitcoin or use public transport but somehow bitcoin can be converted to dollars .

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pitiflin
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August 29, 2017, 07:59:45 PM
 #17

What can you do with Bitcoins but can't do with Dollars?


Hardly a very few things.  Let me list em for ya:-
Hide your corrupted / hard earned white money  form the government.
Get profit by doing nothing, since bitcoin is volatile.
No bank in the middle of your transaction.
No one can see how much money you have so people mind their own damn business.


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TahuDiniHari
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August 29, 2017, 08:30:55 PM
 #18

What can you do with Bitcoin but can not do with Dollar ?

obviously different. Bitcoin is a digital money marketed only for the market, whereas the dollar is the international currency that is the benchmark for the world's currency.

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August 29, 2017, 08:32:15 PM
 #19

You can trade it for most of the other currencies what is sometimes can be unavailable. For example if you can't add funds to the PayPal acc from your card because of some different rules or restrictions but you can trade BTC for PP from other users.
That is just an example.
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August 29, 2017, 08:56:46 PM
 #20

The best thing I can do or bitcoin itself does to all of us which dollar or any other powerful fiat currency can't do is providing us the right to claim it as our own not a foreign currency etc, since bitcoin knows no boundaries and hence it's a universal currency so I can use it to pay people from any country. Also I can send payments in just a matter of few minutes with bitcoin and without any middleman which I can't do with dollar.
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