Bitcoin versus other offline currencies

[gesdan]

maybe right now offline currencies is better than digital currencies specially bitcoin, because right now bitocin is not popular than we know, not all of people in a country know about bitcoin and use it, so if we want to make transaction with bitcoin it will be harder than offline curencies

[bitcoinvamp]

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

I think there are many reasons that could make you believe that investing in bitcoin is better than other offline currencies. One of them is huge market value with huge scope of profit investing into bitcoins. Every other offline currency has a certain ROI out of which maximum could be provided by investing in gold . But at this point of time Bitcoin is leading every currency available including gold.

[Aamir1]

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

There are no coins that can compete with Bitcoin in any matter. The whole market of other cryptocurrencies is totally dependent on Bitcoin and its price. Their rise and fall, their adoption and all, it starts and finishes with Bitcoin. So obviously bitcoin will have and has the highest market value and it will always be the same. I don't think there will be a coin which can stand still against Bitcoin, unless Bitcoin surprisingly disappears and some other coin takes its place.

[jagdeepjd]

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

There are no coins that can compete with Bitcoin in any matter. The whole market of other cryptocurrencies is totally dependent on Bitcoin and its price. Their rise and fall, their adoption and all, it starts and finishes with Bitcoin. So obviously bitcoin will have and has the highest market value and it will always be the same. I don't think there will be a coin which can stand still against Bitcoin, unless Bitcoin surprisingly disappears and some other coin takes its place.

Yes, right bitcoin is the king of cryptocurrencies very rightly but OP was mentioning offline currencies which I guess he meant USD EURO etc.
so returning to the query of OP at the moment bitcoin is in starting phase of global adoption. Cryptocurrency is the future we are moving towards a whole digital world and in the coming years, it will definitely worth a lot more than the offline currencies(maybe they will no more have their existence in future ).

[alihassan99]

there are now many currencies now becoming popular like bitcoincash and many others. but look bitcoin is the first cryptocurrency, it has many invetors as compare to other currencies.. but let me tell you one more think there are many new currencies which has many many best features than bitcoin. i like Deeponion which is ongoing airdrop every week and continues almost till march.. it is totaly anonymous currencies. it has features like deepvalut and recently launch their online shop. it is becoming much popular and it is around 1$ right now but it can easily touch 2$ within next month and its feature deepsend will make it moon like a skyrocket.. so dont miss them.. they are already becoming rare.. join their airdrops

[bitllionaire]

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

I always explain to others that Bitcoin is a revolutionary financial system and has a good future. I always compare Bitcoin with credit card and paypal. With various explanations then I mention that Bitcoin has many advantages over others, Speed and ease in doing every transaction is a plus value that we can. Mathematically, Bitcoin is far superior and better equipped to cope with the increasingly sophisticated growth of technology today.

Well the credit cards have a truly distinguished role, comparing bitcoin and a credit card is insane. It’s not only about the value it’s about the usefulness as well. In case of emergency a credit card is convenient than the bitcoin which you will first sell on the exchange and after confirmation of your transaction there will take place another transaction and it will be from exchange ending fiat to your bank account. This process of conversion is too lengthy and time taking, to be used in emergency situation. You will be lucky enough if your transaction is confirmed within four to five hours, bitcoin transaction were faster in the beginning but now the transaction sucks.   

[Willitivity]

Bitcoin as a Cryptocurrency it is, is more valuable and appreciating in value than offline currencies.
And also, Bitcoin gives that feeling of anonymity. With time, fiat will be in the past.

[davinchi]

maybe right now offline currencies is better than digital currencies specially bitcoin, because right now bitocin is not popular than we know, not all of people in a country know about bitcoin and use it, so if we want to make transaction with bitcoin it will be harder than offline curencies

I don’t see why anyone would be comparing two different things against each other. Bitcoin is a virtual currency and not a conventional currency, so if you want to compare it, you should do so with other virtual or crypto currencies just like Ethereum, Ripple and Doge and not with real currencies. And know this– there is nothing like only offline currencies, cause currencies like dollars and euros can also be used digitally. So next time, you better say conventional currency or Fiat and not offline currency.

[tj4dmx]

Rather live in the best of both worlds !!
Cos both have their cons !!

[Ikay]

It has many invetors as compare to other currencies, but let me tell you one more think there are many new currencies which has many many best features than bitcoin, so if we want to make transaction with bitcoin it will be harder than offline curencies.

[sana54210]

You can use bitcoin for whatever you like and can send it to every participant around the world without the necessity to use the fiat system payment processors that often have to check your identity and can send your money only based on the laws they are bound to. The same is valid for altcoins and as they are not in the public focus like bitcoin, you can still use them and fly under the radar so to say even if governments have already banned bitcoin.

That is for sure, but we also have to consider that aspect where the person in question that you want to send money to is not really aware of what bitcoin is all about. However, I understand the fact that you can stay under the radar by using any of the altcoins since they are not in public light, but you also have to understand that you will still in one way or the other need bitcoin to achieve this, at least for now.

[Godric-Gryffindor]

Crypto and Fiat currency defers in many ways just to give you one example about Transaction, nowadays in order to pay service abroad tru online you only not saving enough because of taxable goods or service but your risking you money tru possible unsecure transaction.

[rickadone]

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

Obviously now,the value of bitcoins is greater than any other offline currency because of the demand of its users and because of its future potential. It is also easier to use during technology development

Bitcoin really do have a lot of potential which is why we cannot even be comparing it to centralized fiats. Fiats or offline currencies like the OP stated it will always remain controlled and that is what makes digital currencies different as you are in full control as long as you are not holding XRP, USDT or the likes, if you know what I mean.

maybe right now offline currencies is better than digital currencies specially bitcoin, because right now bitocin is not popular than we know, not all of people in a country know about bitcoin and use it, so if we want to make transaction with bitcoin it will be harder than offline curencies

Not all offline currencies are also widely used as some are normally used to do some underground runs like gold. However, bitcoin can still be used as long as the peers involved are both willing to accept it as a form of transaction which for now, is not something we have really seen much of it as it is not widely used yet, but time will definitely tell us at the end. For now, fiats or basically paper currencies are still very much needed.

[alani123]

Market value is a relative thing, but comparing Bitcoin to FIAT money isn't all that easy. First things first, most people don't grasp the concept of decentralization because they don't understand that FIAT money is based on trust to govt. Cyprus is a good example of how govt van change legislation overnight to nullify civilian assets. Bitcojn's is immutable and wouldn't allow any party to interfere with an individual's assets.

[condoras]

Market value is a relative thing, but comparing Bitcoin to FIAT money isn't all that easy. First things first, most people don't grasp the concept of decentralization because they don't understand that FIAT money is based on trust to govt. Cyprus is a good example of how govt van change legislation overnight to nullify civilian assets. Bitcojn's is immutable and wouldn't allow any party to interfere with an individual's assets.

I disagree only that FIAT money is based on goverments, because it's not. It's based on DEBT.
In order to create FIAT from "scratch", you need to create debt from/for someone. THAT is what people don't understand.

[kuroman]

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

To add to what was said previously, The big difference between bitcoin and anything else is the blockchain obviously, having a public ledger in where every transaction is logged and can be verified is huge.

The other thing is that since Bitcoin is related to exchange rate you can say it is more of stock rather than money which has a more or less fixed value, something that bitcoin may reach in a couple of years.

[ReLieD]

How can you even compare Bitcoin with those !! Dude don't you think thats just disrespecting Bitcoin. Well let me tell you why Bitcoin is better . Firstly people want to or like to invest in something whose prices increase alot and in the case of Bitcoin it does. It's much easier to covert Bitcoin rather than those crap currencies

[sparveenat]

What I understand about your question Bitcoin versus other currencies. Bitcoin has a huge potential which has been introduce the cryptocurrency which is the present and future currency for technology requirement of the world. The offline currency is getting ruined by youngsters.so I see bitcoin is the savior for us.

[prettypearl]

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

Hi and welcome to bitcointalk forum!

By other "offline currencies", I guess that you mean to gold and cash, let me explain why bitcoin is better then them.

Cash- Huge inflation, which means that if you hold cash as a store of value, at the long run you will lose value!, can be only transferred by a face to face meeting(someone need to physically deliver the cash to you).

Gold-Hard to store( takes a lot of space and may require to have a security behind), and also hard to transfer

Bitcoin- Fixed inflation, which means that you won't lose value at the long run, and also very easy to transfer,you don't need to actually meet someone in order to transfer bitcoins and you can do it from home.
Also it's value goes up at the long run.

Points noted
Thanks for the explanation

[prettypearl]

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
Which one has more market value and why do you think so ?

Hi and welcome to bitcointalk forum!

By other "offline currencies", I guess that you mean to gold and cash, let me explain why bitcoin is better then them.

Cash- Huge inflation, which means that if you hold cash as a store of value, at the long run you will lose value!, can be only transferred by a face to face meeting(someone need to physically deliver the cash to you).

Gold-Hard to store( takes a lot of space and may require to have a security behind), and also hard to transfer

Bitcoin- Fixed inflation, which means that you won't lose value at the long run, and also very easy to transfer,you don't need to actually meet someone in order to transfer bitcoins and you can do it from home.
Also it's value goes up at the long run.

Just to add on of some my idea about bitcoin versus offline currencies.

Offline currencies are those fiats money we have on distinctive country. Also, other jewelries which will be convertible to cash. It's durability will be affected like our paper money in long run of time. During cash transaction there will be a transaction fees or other fees like tax that will be add on which is required by the government.

Bitcoin is a crypto currency which lives in the cyberworld and decentralized was occurred. Bitcoin has a lots of privileges , like transaction fees which is easy and fast with very low transaction fees compared to fiats money. Its value is increasing and its a good opportunity to have a good profit today for the future purposes. No government that will be dictated which is highly secured especially the different transaction all over the world. As of this time bitcoin is the dominant of all over crypto currencies in the cyberworld .

Thanks. So in summary, bitcoin is much more better. Am I right?