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Author Topic: Bitcoin versus other offline currencies  (Read 12700 times)
rfouziha
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December 11, 2017, 04:35:21 AM
 #121

Bitcoin and other offline currencies are two different concepts which is contradict each other and also contribute each other. Bitcoin is a cryptocurrency invented for the world people who need their money should give revenue to them and travel along with the technology and keep the secrecy and not depend on anyone or any institution also no need to pay tax for my hard earn money. Offline currencies are directly opposite to the cryptocurrencies. If you hold bitcoin it will appreciate but offline currency of any country cannot do it.
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December 11, 2017, 05:54:49 PM
 #122

Bitcoin and other offline currencies are two different concepts which is contradict each other and also contribute each other. Bitcoin is a cryptocurrency invented for the world people who need their money should give revenue to them and travel along with the technology and keep the secrecy and not depend on anyone or any institution also no need to pay tax for my hard earn money. Offline currencies are directly opposite to the cryptocurrencies. If you hold bitcoin it will appreciate but offline currency of any country cannot do it.
If we talk about taxes, then all existing currencies in any country have to do with taxation, but Bitcoin will never pay tax unless it is legalized. Although it seems to me that the legalization of the crypto currency will only strengthen its spread throughout the world.

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December 11, 2017, 11:50:35 PM
 #123

Bitcoin and other offline currencies are two different concepts which is contradict each other and also contribute each other. Bitcoin is a cryptocurrency invented for the world people who need their money should give revenue to them and travel along with the technology and keep the secrecy and not depend on anyone or any institution also no need to pay tax for my hard earn money. Offline currencies are directly opposite to the cryptocurrencies. If you hold bitcoin it will appreciate but offline currency of any country cannot do it.
If we talk about taxes, then all existing currencies in any country have to do with taxation, but Bitcoin will never pay tax unless it is legalized. Although it seems to me that the legalization of the crypto currency will only strengthen its spread throughout the world.
Bitcoin is the currency that can easily to earn without any taxes, while offline currency is hard to get with a lot of taxes. However in reality offline currency or fiat is the most usable compared to bitcoin. Since bitcoin were only used thru online market, like eBay and so on.
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December 12, 2017, 06:12:02 AM
 #124

Simple answer for this bitcoin will gain more value day by day but the offline currencies or fiat will lose their value day by day.Bitcoin can not be stolen from you so you no need to worry about thieves.No taxes so you can save more money through crypto currency.

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December 12, 2017, 06:47:03 AM
 #125

Bitcoin and Fiat money are different in so many ways and in many different aspects. One of which is that bitcoin can only be use with the help of the internet without it there's no way you can use bitcoin and other transaction that involves bitcoin. While fiat money is always available anytime and everytime.

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December 12, 2017, 06:54:39 AM
 #126

Offline currencies are not more profitable that you think because is not more valuable in the market not like bitcoin such as the gold money in internet or in the market wich is you can buy whatever you want using online internet easy kind of transaction that not do in offline currencies so bitcoin is much upgrade money thats what I think.
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December 12, 2017, 08:05:43 AM
 #127

As a NEWBIE, how would you explain bitcoin as against other offline currencies?
the most obvious bitcoin is a digital currency that has no official physical form like offline currencies.
Bitcoin is more than just a currency it can also be used as an investment.

Which one has more market value and why do you think so ?
This is easy.. of course bitcoin has the most value

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December 12, 2017, 02:16:48 PM
 #128

For now bitcoin is a very promising form of investment and for now of course there are many investors who continue to enter the world of crypto to date this makes bitcoin very promising for a long-term investment when compared with fiat currency in general other than that bitcoin is a crypto currency that is not from any party that can be strictly controlled either from the government or other institutions bitcoin is a very pure form of investment with the control of individuals without any centralization and of course this can making bitcoin great if we compare it with other fiat currencies. so I think bitcoin is a virtual currency that can not be doubted for a great existence and will become a currency that can be used in the future.

 
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December 13, 2017, 01:11:15 AM
 #129

The definite bitcoin difference is. The bitcoin crypto currency that does not have physical prices and bitcoin prices that tend to change can be very high over gold and fiat depending on how much demand. very well invested our money. good for online transactions and big payouts, because bitcoin value is very high compared to other currencies.
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December 13, 2017, 01:19:52 AM
 #130

I think bitcoin will be a fast transaction in the market because bitcoin  has a different from others bitcoin is have online transaction easy and no hassle unlike other offline currencies in the market that transact many days or months that many people dont like therefor people like now the bitcoin as they money transaction its easy way.
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December 13, 2017, 08:29:29 AM
 #131

I think bitcoin will be a fast transaction in the market because bitcoin  has a different from others bitcoin is have online transaction easy and no hassle unlike other offline currencies in the market that transact many days or months that many people dont like therefor people like now the bitcoin as they money transaction its easy way.

I think each has its own fair share of pros and cons. Nevertheless, let me share with you why Bitcoin is more promising as of moment. Bitcoin is an evolution of how money system should be in this age and time. FIRST, it exists online. Its expertise verily exists online in the sense that any hackers cannot just intrude into your accounts without gratifying himself with too much work. Of course, you should know that fiat system also exists online however its database is not as heavily encrypted as that of Bitcoin. Take for example the name of your bank account vis-a-vis the name of your Bitcoin account. You can see that it is in Bitcoin that you experience a much coded persona than that of fiat system.
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December 13, 2017, 07:33:39 PM
 #132

Offline currencies are not more profitable that you think because is not more valuable in the market not like bitcoin such as the gold money in internet or in the market wich is you can buy whatever you want using online internet easy kind of transaction that not do in offline currencies so bitcoin is much upgrade money thats what I think.
You are right bitcoin is now above all and no currency and no investment is better than bitcoin. I can see in future bitcoin will be the only currency that will decide your future. Nothing is equal to it even not gold as well because if we talk about gold then it’s very hard to hold for the long time and all the time you will remain worry about the safety and so bitcoin is better than all so hold for the long time without any fear.

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December 13, 2017, 10:32:18 PM
 #133

if you want currencies that can make some profit if you just save it in a long term you need to see bitcoin, because you can save bitcoin but you also make an investment on it, because right now the price of bitcoin is unbelieveable, in Q1 of this year bitcoin onlu have a value unser $1100 but you can see right now that the price of bitcoin is more than $11000 so its mean that bitcoin have a big changes less than 1 year, so if you make an invesment to day how about next year or next 2 years? is it will increasing or decreasing?
Bitcoin is no doubt the top rated crypto currency and it is becoming the most demanding currency in the entire world. There is a huge difference in between bitcoin and all other offline currencies. The most important thing is that none of the regular currencies is having this much of worth as bitcoin is having now-a-days. In addition to this, bitcoin is also considered as mode of investment along with using it as an online currency.
That is true indeed, bitcoin and offline currencies cannot be compared because they far differ from each other like bitcoin is more preferable to use online transaction such as trading and investment while offline currencies of coure in offline transaction. However, as the time passes by every each of them are now able to use whether it is online or offline. Today, there's a lot of alteration could happen so expect the unexpected.



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December 14, 2017, 07:33:35 AM
 #134

Offline currencies are not more profitable that you think because is not more valuable in the market not like bitcoin such as the gold money in internet or in the market wich is you can buy whatever you want using online internet easy kind of transaction that not do in offline currencies so bitcoin is much upgrade money thats what I think.
You are right bitcoin is now above all and no currency and no investment is better than bitcoin. I can see in future bitcoin will be the only currency that will decide your future. Nothing is equal to it even not gold as well because if we talk about gold then it’s very hard to hold for the long time and all the time you will remain worry about the safety and so bitcoin is better than all so hold for the long time without any fear.

As you said bitcoin investment is the better investment in the world but bitcoin was made to be use it as an currency but we people just use it as an investment so we are holding bitcoins so the demand increase and price also increase but no one knows when the bubble will burst so we have to treat bitcoin as an currency to keep bitcoin alive.
Bitcoin vs offline currency both are different we need internet to use bitcoin and we have to pay transaction fee as well but in offline currency no fee and no internet.
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December 14, 2017, 09:23:15 AM
 #135

if you want currencies that can make some profit if you just save it in a long term you need to see bitcoin, because you can save bitcoin but you also make an investment on it, because right now the price of bitcoin is unbelieveable, in Q1 of this year bitcoin onlu have a value unser $1100 but you can see right now that the price of bitcoin is more than $11000 so its mean that bitcoin have a big changes less than 1 year, so if you make an invesment to day how about next year or next 2 years? is it will increasing or decreasing?
Bitcoin is no doubt the top rated crypto currency and it is becoming the most demanding currency in the entire world. There is a huge difference in between bitcoin and all other offline currencies. The most important thing is that none of the regular currencies is having this much of worth as bitcoin is having now-a-days. In addition to this, bitcoin is also considered as mode of investment along with using it as an online currency.
Beside all the qualities described above of bitcoin unfortunately no one treat it seriously as a currency. Bitcoin as a currency seems like it is failing instead people are treating it as a commodity. Everyone even the institutions that are active in the support of bitcoin has not announced to pay their staff in bitcoin.
Bitcoin is very much successful and it has set new records in the world of investment but it is successful as a store of value nowadays only.
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December 14, 2017, 11:17:26 AM
 #136

Offline currency or fiat is used by the government to fill in the gap of the buyer and seller decision on the weight of price for certain goods and because we are lack of some precious metal like gold we use fiat and other more abundant metal as currency
Bitcoin has a similarities on this thing also but more because of freedom from other banks
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December 14, 2017, 11:29:26 AM
 #137

I think bitcoin will be a fast transaction in the market because bitcoin  has a different from others bitcoin is have online transaction easy and no hassle unlike other offline currencies in the market that transact many days or months that many people dont like therefor people like now the bitcoin as they money transaction its easy way.
While making a comparison in between bitcoin and other regular currencies, we can treat this bitcoin just like a super currency having lot of advantages over the regular currency.

The best thing of having bitcoin is that it is not only a money but is also the best way of investing your money to make some good amount of profit as well. Other than this, it sort is increasing tremendously unlike other currencies.
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December 14, 2017, 12:32:43 PM
 #138

Bitcoin is the main and first crypto currency to have its own stand and vision. Bitcoin is the father of all coins no matter what they say bitcoin now overpasses gold when it comes to growth of interest. As of now there is no greater project than bitcoin.
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December 14, 2017, 01:24:19 PM
 #139

Bitcoin is virtually accessible as well won't function if there is no Internet connection. With offline currencies the scenario is different that can be used anytime as it has got the physical appearance and a state of legal centralized firm that keeps the money flow.
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December 14, 2017, 05:01:13 PM
 #140

Bitcoin is virtually accessible as well won't function if there is no Internet connection. With offline currencies the scenario is different that can be used anytime as it has got the physical appearance and a state of legal centralized firm that keeps the money flow.

Yse bitcoinis versus of the currency. Bitcoin is digital currency so it will use for the online process. It will uae for the onlline transaction process. Bitcoin pricess will be change everyday. It wil increas the prices. Bitcoin is easy to chage the any country currency.
Currency is only use for rhe country. Currency will be differ with other country currency and prices will be differ. So it will good to for the future improvement. Bitcoin is future currency it will not affect other currency.

 
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