Bitcoin versus other offline currencies

[fanhuaijiao713]

Are other offline currencies the legal tender of some countries? Fiat money is still dominated by world trade transactions, and bitcoin is only changing transactions in some ways, and bitcoin is increasingly recognized by society. Fiat money has the risk of inflation, and can invest in bitcoin to reduce this loss!

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[ju5510993]

From a user's point of view, bitcoins are much like Internet cash. Bitcoin can also be seen as the most outstanding three-way bookkeeping system. Can be global circulation, total fixed, did not issue the main body. Electronic money should only be a form of payment innovation, and must rely on fiat money to be able to appear in payment mode. It's not that anyone can make money.

[dhas]

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 ?

Basically we can explain that with Bitcoin we can buy whatever we want. it has become the basis that Bitcoin is a precious and valuable items such as other real money. Compared to real money, of course Bitcoin is still far from expectations, we all know that Bitcoin can not enter the sector that does not have internet access, therefore currently most Bitcoin users are those living in urban areas. I really crave that one day Bitcoin can be used by everyone, we are all currently waiting for infrastructure to support the use of Bitcoin can be realized and evenly distributed in various regions. If this can be realized then I am sure that Bitcoin could be one of the biggest economic forces in the world today. there must be support from various parties to be able to realize this all.

Definitely bitcoin is the new currency.  It is already use by money country.
And a lot of them already legalize bitcoin ,  to be part of their economy.
But we cant deny that bitcoin are only useful for the online transaction.
And we cannot use it for the offline. Unless we exchange, it to our local money.
And that's the only time that bitcoin is can be use in offline transaction.

[ju5510993]

Unlike traditional cash, the supply of bitcoins is not controlled by any central government. Instead, an algorithm developed by the founders of bitcoin (or later, more founders) determines how many bitcoins are produced each year and adds them to the world economy. Unlike fiat money, the supply of fiat money is determined by the central bank's decision to print. Bitcoin is a currency based on algorithmic supply rules.

[portotoi]

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 ?

It is very obvious that the bitcoin is more higher in value than other offline currencies. Bitcoin is now the leading crypto currency world. And if you compare bitcoin rate,  other offline currencies cannot beat bitcoin.

[anhlandibo12]

In fact, online transactions are becoming a trend of the future, when the next 30 years, most people will pay online, then I think the offline currency will disappear, instead. are digital coins. Bitcoin in particular and cryptocurrencies, in general, will take the throne, replacing completely offline currency to become a global currency.

[pinggoki]

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 it is not good to compared those two because they have strength on their own field. In bitcoin or online currency it is better to use it in online transaction like trading and investment since it is volatile. While offline currency or fiat is more appropriate to use on our daily transaction because of its conviniency.

[Habakkuk77]

Bitcoin is just like the offline currency or Fiat but the only difference is that it is digital currency or online. You can use Bitcoin to buy things or goods especially to those who are accepting it,  just like in Fiat it can be use as means of exchange. And this Bitcoin in the future will be use as a digital currency.

[logicgate]

Bitcoin has plenty of room for improvement in the blockchain, gold and other currencies. The advantages and disadvantages of bitcoin come from the Internet, which makes it easier to trade, but on the other hand, intangible, digital cryptocurrency! Some other currency, gold means that you can see it with my own eyes, and his hands to keep it, that's why many people still don't like COINS, because they want to is a tangible asset!

The thing which is healing bitcoin to have some priority over all other regular currencies is the involvement of internet in regulating not only bitcoin but any other crypto coin.

In the modern and technical world, internet is really an important thing and it is really a good idea and this is why bitcoin is gaining this much of fame. Moreover, the increase in the market value of bitcoin in quite noticeable thing.

Use of internet in regulating of bitcoin is really the best thing and is actually the unique concept which is helping the bitcoin to gain the attention of more number of people in less time. Other regular currencies can only be used as money and they cannot help you in making more money until and unless you invest that money in some business. On the other hand. Bitcoin is actually an investment and can help you in getting rich.

[Zicadis]

As a NEWBIE, how would you explain bitcoin as against other offline currencies?

-Bitcoin is decentralised while offline currencies have regulations on how to use them thanks to the centralized system.
-Bitcoin is convenient digital currency that you do not always need the store to be actually open as everything can be done online or instore unlike offline currencies which are limited by working hours.

Which one has more market value and why do you think so ?

Ofcourse its bitcoin does not need any proof the whole world knows this..

[SunJAB]

In fact, online transactions are becoming a trend of the future, when the next 30 years, most people will pay online, then I think the offline currency will disappear, instead. are digital coins. Bitcoin in particular and cryptocurrencies, in general, will take the throne, replacing completely offline currency to become a global currency.

This is very accurate. As the world moves vigorously in the online environment and understands this need, bitcoin has come out and responds precisely to what people are demanding so it's as valuable as it is today. Other currencies at this time are not profitable but merely a means of exchanging commodities, as a means of payment, it is also a very good investment for profit the leap is very attractive.

[bluemongrel]

Bitcoin can only be used if you have a virtual connection, however that connection is universal. Bitcoin is also portable, swift, and protects your privacy like cash would. That is where the power lies.

[Nhor1011]

    For me bitcoin is just a digital currency that can use to invest online and it is use with internet. It it decentralized but it has a great value. Offline currencies are those fiat money used by different country for everyday living to buy food,goods and to pay in everything. It is toucheable and tangible.

[Rajamuda]

Alright if I'm adjusting it to the circumstances in the country where I live, I might just say that bitcoin is not as legal as the offline currency, which's not yet really recognized by the government and can only be transacted online. Bitcoin is more directed to the alternative currency that's only in a cyberspace that we can take utilized from all its advantages. Which's people will be more interested in this digital currency that's proven have a good price developments in the market due of the many enthusiasts from various countries to get closer in bitcoin and do a various the efforts mainly for investing.

[btcmegastar]

Most altcoins are technically different from Bitcoin, and it is often for this reason that people invest in them. The main advantages of Bitcoin are the network benefit effect and proven security.
Altkoins also have their advantages and some of them lack the drawbacks of bitcoin (a large commission, a long time of execution

Nowadays, the new coin is bringing in new techniques with more advanced features. But bitcoin technical platforms are open platform and most of the new coin, although there are many improvements, are still built on bitcoin algorithms, because so bitcoin can not be replaced by bitcoin. other coin.

There can be no other coin in this world which can replace bitcoin in any way. Bitcoin is the best coin and there is simply no match of bitcoin in any way. As far as bitcoin and other regular currencies is concerned, bitcoin is far better than regular currencies in number of ways.

The only place where bitcoin is facing some problems is the legalization issue of bitcoin. Once that will be resolved, then there will be nothing to be worried about.

You are right Bitcoin is the best currency when compared to other currency out there, already some countries government declared legalization for acceptance in their countries but some countries are the dilemma and not saying completely we are banning. People are spreading the news in a different way and thus makes more negative noise about Bitcoin.

[davinchi]

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 ?

It is very obvious that the bitcoin is more higher in value than other offline currencies. Bitcoin is now the leading crypto currency world. And if you compare bitcoin rate,  other offline currencies cannot beat bitcoin.

I don’t really get what you guys mean by offline currencies, cause I don’t know any currencies that is completely offline, except you guys mean stocks like gold, silver and the others like them, and not real currencies. Dollar is not only being used offline as cash, you can also use them digitally or should I say with electronics (electronically) with the help of services like PayPal and those alike.

Banks even have their own mobile apps that can be used to send and receive money, and serves for payment purposes in stores.

[bitllionaire]

Most altcoins are technically different from Bitcoin, and it is often for this reason that people invest in them. The main advantages of Bitcoin are the network benefit effect and proven security.
Altkoins also have their advantages and some of them lack the drawbacks of bitcoin (a large commission, a long time of execution

Nowadays, the new coin is bringing in new techniques with more advanced features. But bitcoin technical platforms are open platform and most of the new coin, although there are many improvements, are still built on bitcoin algorithms, because so bitcoin can not be replaced by bitcoin. other coin.

There can be no other coin in this world which can replace bitcoin in any way. Bitcoin is the best coin and there is simply no match of bitcoin in any way. As far as bitcoin and other regular currencies is concerned, bitcoin is far better than regular currencies in number of ways.

The only place where bitcoin is facing some problems is the legalization issue of bitcoin. Once that will be resolved, then there will be nothing to be worried about.

You are right Bitcoin is the best currency when compared to other currency out there, already some countries government declared legalization for acceptance in their countries but some countries are the dilemma and not saying completely we are banning. People are spreading the news in a different way and thus makes more negative noise about Bitcoin.

In fact bitcoin has more market value and the reason is that it is not only a worldwide currency but it is also a very profitable business. No offline currency has such a great market value and you cannot use it for your purchasing in other country directly. You will have to change it and then you will pay. While bitcoin is digital currency and when you shop in some other country you can pay directly from your bitcoin wallet.

[ArnoldChippy]

Most altcoins are technically different from Bitcoin, and it is often for this reason that people invest in them. The main advantages of Bitcoin are the network benefit effect and proven security.
Altkoins also have their advantages and some of them lack the drawbacks of bitcoin (a large commission, a long time of execution

Nowadays, the new coin is bringing in new techniques with more advanced features. But bitcoin technical platforms are open platform and most of the new coin, although there are many improvements, are still built on bitcoin algorithms, because so bitcoin can not be replaced by bitcoin. other coin.

There can be no other coin in this world which can replace bitcoin in any way. Bitcoin is the best coin and there is simply no match of bitcoin in any way. As far as bitcoin and other regular currencies is concerned, bitcoin is far better than regular currencies in number of ways.

The only place where bitcoin is facing some problems is the legalization issue of bitcoin. Once that will be resolved, then there will be nothing to be worried about.

You are right Bitcoin is the best currency when compared to other currency out there, already some countries government declared legalization for acceptance in their countries but some countries are the dilemma and not saying completely we are banning. People are spreading the news in a different way and thus makes more negative noise about Bitcoin.

I think there is no comparison between bitcoin and offline currency because bitcoin has greater value and it has a high price in the market. You can earn a lot of money with your investment in bitcoin while offline currency will not give you such a high volume of profit. Bitcoin is acceptable all over the world and you can use your bitcoin wallet anytime anywhere in the world. Offline currency doesn’t have such features.

[yvesp110]

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 ?

It is very obvious that the bitcoin is more higher in value than other offline currencies. Bitcoin is now the leading crypto currency world. And if you compare bitcoin rate,  other offline currencies cannot beat bitcoin.

I don’t really get what you guys mean by offline currencies, cause I don’t know any currencies that is completely offline, except you guys mean stocks like gold, silver and the others like them, and not real currencies. Dollar is not only being used offline as cash, you can also use them digitally or should I say with electronics (electronically) with the help of services like PayPal and those alike.

Banks even have their own mobile apps that can be used to send and receive money, and serves for payment purposes in stores.

All the regular currencies which are there in this world which don’t require an internet connection in order to perform any kind of operations can be termed as offline currencies. There are pros and cons of each and every currency, same is the case when it comes to that of bitcoin and other regular currencies. Regular currencies are the best choice for spending point of view and bitcoin is the best choice for investing of money.

[vidprab5]

From a user's point of view, bitcoins are much like Internet cash. Bitcoin can also be seen as the most outstanding three-way bookkeeping system. Can be global circulation, total fixed, did not issue the main body. Electronic money should only be a form of payment innovation, and must rely on fiat money to be able to appear in payment mode. It's not that anyone can make money.

Exactly! In the present age of technology, bitcoin is the most favorable currency by most of the individuals who actually know about bitcoin. It is because of the fact that bitcoin is not only a currency but is a very good way of making more money as well. The market value of bitcoin increases with very passing moment thus making it easier for the investors of bitcoin to get rich unlike other regular currencies.