Bitcoin versus other offline currencies

[Kevin77]

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.

There are number of things which are far better in bitcoin compared to that of other regular currency. The first and the most common thing is that none of the regular currency is having this much of worth as we can see in case of bitcoin. Moreover, none of the regular currency can help you in making this much of money by simply holding that currency as you can get while holding your bitcoins.

[Granxis]

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.

What do you want to say by saying 'Regular currencies'. I think you are talking about fiat currencies, frankly still fiat currencies are common in daily life. Generally, credit cards and debit cards are a bit of convenience, but there is no reason why Bitcoin should not be used one day.

[Owl129]

Bitcoin versus offline currencies or i think you mean our real money or our real currency in our country is much better why because bitcoin price is high and we can invest our money here in bitcoin and after waiting for bitcoin to increase its price even higher we can sell our bitcoin and thus we earn a lot of money we get that much profit in bitcoin but in our real currency its hard to say if we invest it in stocks or something its a total bet.  But in bitcoin we are sure that it will increase in price so there is no loses.

[redsun114]

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.

There are number of things which are far better in bitcoin compared to that of other regular currency. The first and the most common thing is that none of the regular currency is having this much of worth as we can see in case of bitcoin. Moreover, none of the regular currency can help you in making this much of money by simply holding that currency as you can get while holding your bitcoins.

If we are comparing bitcoin or even all the crypto currencies with other regular currencies at the time in term of worth and market value, then there is no point in this thing that the worth of bitcoin is far more than that of other regular currencies. In addition to this, internet is also a compulsory component when it comes to that of bitcoin as bitcoin needs to have an internet connection for its operation.

[GoodLuck2]

Bitcoin versus offline currencies or i think you mean our real money or our real currency in our country is much better why because bitcoin price is high and we can invest our money here in bitcoin and after waiting for bitcoin to increase its price even higher we can sell our bitcoin and thus we earn a lot of money we get that much profit in bitcoin but in our real currency its hard to say if we invest it in stocks or something its a total bet.  But in bitcoin we are sure that it will increase in price so there is no loses.

Right now, offline currencies are little more beneficial than that of bitcoin in terms of buying or selling of different sort of things as bitcoin is not being accepted at most of the places however, in term of market value and increase in the worth, bitcoin is at the top of the list and no other currency is having this much increase in its worth as is of bitcoin. Bitcoin is the best option for investing point of view too.

[darklus123]

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 ?

Since we are talking bitcoin comparison to other currencies(I assumed you were talking about currencies like USD, YEN etc.). This can simply be determined if you were trying to spend using an offline currency and bitcoin. Offline currency still needs to be converted to other offline currencies when you are in the other part of the world. Unlike bitcoin in which you don't have to worry withdrawing nor converting it

[cryptbit.man]

BTC is decentralised, which is the main difference. The other common offline currencies are often managed by governments.

[buonty563]

hello friend.
Bitcoin is an easy payment tool and can be used throughout the world and across continents.
Bitcoin is not known in the banking system and is not related to the government.

[jeepuerit]

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 ?

Bitcoin and offline currency, i think bitcoin when we use bitcoin or invest it makes our money easier than offline currency, because offline currency is used for real things like real money. Real money is used everywhere in the world but bitcoin is used only in different currencies to replace it.

[chinhpv828]

Bitcoin's demand is huge and increasing in a fast pace.

[eekkaa]

I think what will remain number one is an offline currency like Fiat, but I am sure that in the future cryptocurrency prices and regulations such as bitcoin will be very expensive because as technology grows, many will use digital currencies.

[doanlang]

Bitcoin is expected to be a safe haven when it comes to political tensions and has a negative impact on the global economy. If an increase occurs, the overall economy of the world will be damaged. And Bitcoin will be valuable when stored safely.

[Howits]

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.

The first disadvantage of offline currencies is that their transfer is not instant and also the fee involved in them is much more as compare to online currencies like bitcoins.

[Magnat10000]

It's a long story.

1)So, fiat currencies are backed by gold reserve.
2)Fiat currencies are centralized meaning every transaction needs to be approved by the Central Bank
3)and the amount of $ is under the Central Bank control, depending on if there is inflation or not.

Cryptocurrencies as bitcoin:
1)have nothing behind them as gold
2)decentralized (but there're some centralized currencies). Transactions are done by miners so to say.
3)no one can control the amount of btc or issue more than was prescribed by the system.

I did't cover all the differences, but you can make your own research via Cointelegraph or Coindesk; watch the price change over some period at coin360 or something.
Good luck!

[HarmonyA]

The decentralization features of bitcoin has put it ahead of other currencies. Humans want to be in control of there money which will enable them spend it when the need be, without hiccups.

[Impulseboy]

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.

I agree with everything you said, however, if we are to look at them, cash will still win for now only because it is used by a lot more people. Sure, there are people who are also using gold and bitcoins, but it is only a small fraction compared to those who use cash. So while bitcoin is superior than cash (and gold), people may support it more because it is tangible and has been around for centuries.

[nguli]

I think for now the offline currency or fiat currency uses it more as a legitimate and frequently used transaction but I am sure that someday this bitcoin will often be used for transactions because all technology has begun to use digital technology so I am sure bitcoin will be used.

[cintamoni]

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.

I think time has come where we say good bye to offline currencies and start using and promoting digital currencies all over the world. We have to move with the current technologies.

[PaulLines]

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 ?

What do you mean by offline currencies? If you’re referring to real or conventional currencies, then you’re wrong. Currencies like dollar operates both offline and online, cause we have online banking and we also have cash, so saying that conventional currencies are offline only is wrong. It is even better than BTC because BTC can only be used online and not offline.

[kram31]

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 ?

OFFLINE currency like fiat?
how many FIAT you need to have for just a single bitcoin?
how FIAT going to be now? and who controls it?
how bitcoin digest the market and make the improvement? and who controls it.
what will you choose?
BITCOIN for the people or FIAT from the government?