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Author Topic: Value of bitcoin  (Read 561 times)
jamzjosef
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November 24, 2017, 12:17:03 PM
 #1

Do you think using bitcoin is better than using actual money?
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November 24, 2017, 12:21:53 PM
 #2

Bitcoin is best used as an object for long-term investment. It is not advisable to pay for purchases of goods and services, because the cost of cryptocurrency is constantly increasing.

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November 24, 2017, 12:44:06 PM
 #3

Do you think using bitcoin is better than using actual money?

I think that it would be better, but there are a lot of scammers and hackers on bitcoin we need to prevent that in order to have it as a regular payment method. Money is nearly always stable.

While bitcoin is unstable so it can give you sometimes more money.
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November 24, 2017, 12:44:25 PM
 #4

everything have their own advantage and disadvantage,
if we're comparing it to actual money aka fiat,i think it would be better to use fiat at the moment.
right now Bitcoin can not be used by people wholly,what i mean is it has a limited supply and a high fees.
if people use it in their life replacing an actual money,i believe the fees would be huge and it's much more than taxes that we need to pay daily.
plus it's not easy to use for them who do not know about computer or computer savvy.
lastly if we want to use it in our real life,we need to have a physical form.
Bitcoin is good as digital currency,no more than that right now.
we need actual money to value it and keep it alive,at least for now it does not fit to be a real currency based on its technology and system.

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November 24, 2017, 12:56:11 PM
 #5

Do you think using bitcoin is better than using actual money?

I think this only depends on how the people will use it. Bitcoin is not really "widely" accepted in the world, it may be accepted in some country, some country don't. In my country bitcoin is not that popular though many people uses it so we can;t use bitcoin, we first need to convert it into fiat.

In these case, I think fiat  the "actual money" is better than bitcoin, but in terms of sending it and using it as a payment online, I guess I will go with bitcoin.
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November 24, 2017, 12:58:53 PM
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 #6

It is good if you will be using bitcoin as a long term investment but if you are just going to purchase some thing you should just pay actual money instead because the crypto currency is changing every seconds, minutes, hours and so on and so forth so if you will pay your goods with bitcoins you will be at disadvantage.
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November 24, 2017, 12:59:44 PM
 #7

Do you think using bitcoin is better than using actual money?
Not right now, It depends on where you'll spend your bitcoin because if you plan to spend less than $10 per transaction you're better off using fiat or altcoins. It's still a good alternative way of payment for bigger transactions and if you don't have enough cash.

right now Bitcoin can not be used by people wholly,what i mean is it has a limited supply and a high fees.
The fees are high because of the price right now and how busy the network is. If bitcoin wasn't this high then fees should be cheaper.

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November 24, 2017, 01:01:01 PM
 #8

Bitcoin in terms of value is the best, but ofcourse when buying our physical things that needed is fiat exchange. Because bitcoin is not yet legalized in the country that is why fiat would be best. But when we say in an online of investing bitcoin because value is increasing our investment may grow.
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November 24, 2017, 01:13:20 PM
 #9

As it has been already told here, Bitcoin is good for investments and trading on exchanges.
But as payment method - no. It needs to spread more into banking and payment sector. As well as internet commerce section (Amazon, Ebay). And the commission can be high, when there are lots of transaction in the mem pool. Just like it recently was. So buy and wait  Wink
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November 24, 2017, 01:16:49 PM
 #10

Do you think using bitcoin is better than using actual money?


For me I can not say better. You can buy cash right away. Just outside our homes? we can buy everything we want. Because they are more priority cash. But what is the best bitcoin? the money you accumulate will grow, or invest in it. You can not buy anything you want, and your money will grow and grow. They are the only difference between them. If you are expensive? go for cash. But if you want earned a lot of money? go for bitcoin Smiley.

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November 24, 2017, 01:20:12 PM
 #11

To each and every one the value of btc is different. For majority holding helps them in getting more value as the price of btc keeps increasing. But if you hold normal money their value does not increase unless you ave got it investing rightly. BTC cannot replace physical money as it existed for years and accepted worldwide too.

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November 24, 2017, 01:27:20 PM
 #12

Do you think using bitcoin is better than using actual money?
It is better to store money in bitcoin rather than actual money but in terms of overall usage they are on par with each other. Bitcoin is only better when payments will be done online, while fiat is better when one will use it for real world transactions for now because it is easier to pay with of without the need of internet. Bitcoin also is decentralized, preventing inflation because one cannot add more to supply while fiat can be fabricated, making btc better in terms of money value storage.
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November 24, 2017, 01:33:37 PM
 #13

Bitcoins do not have value as a physical commodity like gold and are not widely accepted as legal tender like dollars. Rather, Bitcoin appears to have value for the following reasons:

It is popular. In short, people accept and trade in Bitcoin because other people accept and trade in Bitcoin. It is recognized and accepted as a currency by many.

Bitcoin is decentralized and limited. This is a major factor for many Bitcoin users. Bitcoin is hard for governments to trace and tax. Also, unlike fiat money produced by central banks, there is a cap set on total Bitcoins, limiting how much the currency can devalue through inflation.

Bitcoin acts like an equity investment. The market value of Bitcoins has had wild swings in value and even a market cap.

Bitcoin is a social network. The Bitcoin "community" is active and acts like other online social networks.



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November 24, 2017, 01:41:37 PM
 #14

Yeah, use of bitcoin has become mainstream for some people and i also prefer to use bitcoin rather than actual currency.
It is upto people whether they wish to propagate bitcoin or fiat currency buy if people demand bitcoin more and more,
there are higher chances that in next five years, people will laugh at you for using regular currency
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November 24, 2017, 01:48:05 PM
 #15

For me we can use the maximum potential of bitcoin if we use it as our long term investment. Value of bitcoin have been increasing over the past few years and it can give us the best return of investment compare to any other. And I think it will stay for long because more and nore people are giving interest and starting to invest on it.
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November 24, 2017, 01:58:35 PM
 #16

Do you think using bitcoin is better than using actual money?
if I find myself bitcoin is better than paper money, because bitcoin is very easy to make transactions and the price is also very high as well.

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November 24, 2017, 02:07:26 PM
 #17

For me yes, Because fiat currency has a fix value compared to btc or virtual currency which has the tendency to surge up and eventually makes you richer and richer if you keep holding on it for a long term. This is the good trait about cryptocurrency.
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November 24, 2017, 02:18:23 PM
 #18

Do you think using bitcoin is better than using actual money?
if I find myself bitcoin is better than paper money, because bitcoin is very easy to make transactions and the price is also very high as well.
Is the adoption on your place into bitcoin is really high? Since it can able to make transactions better on your paper money? I don't really think so about  this matter knowing that bitcoin isn't yet acceptable on most countries and cant really be used just like paper currencies since the adoption isn't too high where comes to a point it already acts the same with paper fiat. If  that's your experience then its really great hope I can experience on the thing you are experiencing as of now.

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November 24, 2017, 02:25:01 PM
 #19

Do you think using bitcoin is better than using actual money?

When are you people going to learn?
Bitcoin is money!!!
You can buy stuff with bitcoin, you can buy stuff with $ you can buy stuff with your cc.
It's the same thing. There is no "actual" or "virtual" or god knows what type of it.
Bitcoin is a currency, its legal tender in some countries, its money.
So no point to compare it to itself.


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November 24, 2017, 02:27:38 PM
 #20

I don't think this is so.
Bitcoin and the normal money both do have different values, one is used for normal exchanges and one is a sort of investment like how you invest in stock shares , and the fact that I haven't mentioned anything about whoe's who but everyone is able o distinguish between them shows then all are already very clear about their adoption in the society.
Both wre important and I don't actually think that usage of bitcoins is better , for bigger transactions yes you may consider., But moreorso the paper money will always be there as its an essential part of the society and inseparable thus.. it cannot be said so.
For some sectors yes it is better but not for everything.



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