Advantage of Bitcoin over Fiat (fees)

[Kprawn]

You are missing the point. Real Financial freedom comes with a lot of responsibility and that is what Bitcoin is offering you. If

you have ever been in a situation where Banks simply close their doors and block their ATM's and you are totally cut off from

your investments and your wealth, then you will understand what REAL financial freedom are. This has happened before in

countries like Greece and Cyprus. In some countries Banks even emptied customers Bank accounts. 

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[Dapper]

You cannot carry fiat over amounts ranging from US$10,000 to $20,000 through most airports in the world without declaring it.   Btc makes that a complete non issue.

[Jaya912]

I dont really catch and care to anothers advantages of bitcoin. The only one of it that make me love and believe in bitcoin is bitcoin can give me really big profit. I dont said it is 100% safe but with bitcoin i have chance to grow money into double.

[Re3urst]

I dont really catch and care to anothers advantages of bitcoin. The only one of it that make me love and believe in bitcoin is bitcoin can give me really big profit. I dont said it is 100% safe but with bitcoin i have chance to grow money into double.

Bingo! Thanks for your honesty. I think this is the big elephant in the room that people don't want to admit. When I was honest with myself, I realized the reason I bought Bitcoin was greed, and little else.

[jeanpadel14]

One advantage of bitcoin over fiat is security.Bitcoins are digital in nature, so they can be backed up and saved to other servers, computers, protected by multi-sig, passcodes, paper wallets, offline vaults, cold storage, brain wallets, etc. The security options are only limited by your imagination.

[Wind_FURY]

Allow me to understand the advantage of Bitcoin.

Earlier today, I moved $25,000.00 from my bank's savings account, into a new bank to open a high yielding CD. Transaction was confirmed in 10 minutes. The CD will start accruing interest in ~2 days.

1) Neither bank charged me any fees. If I did the same thing with BTC (move Bitcoin), will I be charged a fee?
2) I didn't have to worry about "protecting" my money in an online or hardware wallet. I have had money in this savings account for 12+ years. I don't worry about moving from exchanges, fees, keeping hardware wallet keys written down and safe, etc. Again, it seems that Bitcoin and cryptocurrency is again at a disadvantage.

Please educate me and tell me how Bitcoin is safer, easier, less stressful, and cheaper to own? I am all ears.

No, you sound like you already made your decision. There is no need to convince you to buy and hold Bitcoin. Your money is very safe stored in a bank under the protection of the regulators, and I hope you make a lot from your high yielding CD.

Bitcoin is not "safer", not "easier" and it is very stressful to own because of its high volatility. See you.

What regulators? You sound like you read a bunch of conspiracy theories online, and believed them.

Hahaha. What? Do you know what "regulator" means? You should look it up. If you think the SEC is just a "conspiracy theory" then there is no point talking to you.

Get a valuable skill, provide a useful good or service, and you will be compensated appropriately. Life is mostly fair. All these conspiracy theories are highly exaggerated and mostly don't matter in the real world. So they are printing all this money, I agree. Look at Bitcoin, what is the value based on?

Law of supply and demand. If the market says that Bitcoin's price is $16,000 then it is $16,000. Who am I to say no?

What I want to know is, if USD$/fiat are so bad, how come the massive increase in price of BTC in 2017 is based solely on the injection of this evil, capitalistic money into it. Riddle me that, Batman!  

It is not bad. It is really good! But you should stay away from Bitcoin, it is bad. There are many bad men using it.

If you would like to provide some facts or a coherent argument, that is what this forum is for. If you just want to be passive-aggressive, you aren't adding any value to the conversation.

Okay and you need to look up the word "regulator".

[Pleione527]

I think transaction fees will depend on your online wallet like for me the wallet I use is the one supported by our banks that's why I don't incurred transaction fees when transferring mg bitcoin to my bank account, but when I use an online wallet from other countries like block chain I pay transaction fee and it really sucks. I guess at some point bitcoin will have to incurred transaction fees because it has no regulatory bodies controlling it.

[ufaiz50]

bitcoin fee is not cheap anymore if you transact using small funds but it is good enough if the funds you send is $ 25k usd. security and privacy because you are holding it yourself than a bank that may be lent to someone else for something.
I want to say that now bitcoin is more a profitable investment place than to transact.
I read a lot of conversations here and they've answered the benefits of what is in bitcoin and there is also an argument here but it is quite fun because I learned a lot.

[MisterPrada]

Bitcoin’s Appreciation Beats Dollar’s Inflation. Prices in the government’s CPI index base this on 25 items that they change conveniently to fit the numbers the want to show. If meat prices are rising 10% a year, it is simply removed and replaced with something that doesn’t reflect the actual higher rate of inflation. A good way to game the system, and keep you ignorant.