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Author Topic: Value of bitcoin  (Read 642 times)
pugman
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November 24, 2017, 02:39:47 PM
 #21

Do you think using bitcoin is better than using actual money?
Using bitcoin or fiat depends on the particular situation of the markets, where are you going to use it, most of the time, fiat is better, but again, it depends on the circumstance. If you're a bitcoin enthusiast then mostly you'd go for using bitcoin wherever feasible but if you're not, you'll think in such terms like saving bitcoin for the future when the price will be at some 100k$ or something.

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November 24, 2017, 02:44:55 PM
 #22

Well it is better in some case such as storing asset (Bitcoin is being treated as an investment and asset nowadays, not as a currency/money).
But when you are going to buy something, It is better to use fiat money because Bitcoin is not that widely accepted yet.

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November 24, 2017, 03:19:41 PM
 #23

Do you think using bitcoin is better than using actual money?
Nope. Actual money - cash it is money currency which our goverment accepted and all of us, easy to know. About Bitcoin, ecurrency, so this is maybe popular with us, who included crypto currency, but for whole of people, it is not the same. Example: If you give a farmer 1BTC to buy milk, they will not have anything, because of they dont have wallet. So we need wait at least 5-10 years more for popular of bitcoin using.

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November 24, 2017, 03:28:40 PM
 #24

I think, if the security of bitcoin is good, the use of bitcoin will be better than others.
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November 24, 2017, 03:34:09 PM
 #25

Do you think using bitcoin is better than using actual money?
When it comes to flexibility and availability traditional money or fiat is better than using bitcoin, paying bitcoin is still not normal for the majority of markets or businesses they still prefer the use of fiat rather than a volatile monetary that is more convenient both to the clients and owners, one of the aspects of Bitcoin that makes it better is the productivity, spending vs holding, who wins? holding of course, you may miss the chance to increase your money from the pumps of this coin.

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November 24, 2017, 03:47:27 PM
 #26

Do you think using bitcoin is better than using actual money?
In some ways, using bitcoin is better than using actual money like for our online transactions. Giving us less hassle with all the shenanigans that many entities give us. Also, using actual money or fiat money has its own upside compared to using bitcoin. It is still more convenient using fiat money to small transactions that we are having every day. In short, each has its own advantage over the other so it is hard to choose between those two because I'm both using it.
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November 24, 2017, 03:49:49 PM
 #27

Definitely using BTC is better than using fiat money! Why? because it can be traded anywhere and it's intangible and convenient!
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November 24, 2017, 03:50:03 PM
 #28

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

As of now using bitcoin as a mode of payment is not better because if your are paying through bitcoin you need to pay extra amount in terms of transaction fee.But no transaction fee for fiat currency but bitcoin is better for the international transactions the fiat transacting fee over international is high but same fee everywhere in bitcoin transactions.
And spending bitcoin is not good too because the price of bitcoin is increasing everyday so if you can hold your bitcoins now then you will have more value for that same bitcoin in the near future.
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November 24, 2017, 03:50:54 PM
 #29

Bitcoin is more of an investment then currency, so bitcoin is best store then to be use as a means of payment for goods and services. When you save your bitcoin you stand to gain either from it increase in price or trading to make make your gain at the end of the trading period. Because when you spend your bitcoin you stand to incurre cost like the transaction fee from blockchain and you loose you bitcoin but if you save your coin you always stand to gain from the steady rise in price of bitcoin in price the exchange market.
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November 24, 2017, 04:06:17 PM
 #30

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.

Yes i agree with you, bitcoin is easy to use, and like you said it's easy to make transaction to other. And if you hold bitcoin, you can gain your profit even without doing anything rather than our actual money that's why i choose bitcoin.

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November 24, 2017, 04:14:02 PM
 #31

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

Bitcoin have both advantages and disadvantages so think before you investing on bitcoin.Bitcoin price keeps increasing everyday if you invest on bitcoin now your investment will grow many time in some years and bitcoin transaction is fully anonymous so olno one can trace your transaction.
But no one knows bitcoin price will rise upto what so the risk of your investment in bitcoin is high.And while you are making bitcoin transaction there will be a fee but there is no transaction fee for fiat transactions.

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November 24, 2017, 04:22:48 PM
 #32

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

Bitcoin have both advantages and disadvantages so think before you investing on bitcoin.Bitcoin price keeps increasing everyday if you invest on bitcoin now your investment will grow many time in some years and bitcoin transaction is fully anonymous so olno one can trace your transaction.
But no one knows bitcoin price will rise upto what so the risk of your investment in bitcoin is high.And while you are making bitcoin transaction there will be a fee but there is no transaction fee for fiat transactions.
                            Yes! I truly agree with it. As of now bitcoin has been used as an investment, compared to fiats which are literally being used for methods of buying goods, but sometimes when its crucial moment, or in buying things or what you needed online, you can rely on bitcoin as currency, unlike fiats that has a lot process before you can buy goods online, bitcoin has automatically design to provide the needs online such as transactions and for being an online currency.

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November 24, 2017, 04:22:56 PM
 #33

Do you think using bitcoin is better than using actual money?
If you means actual money are cash fiat, for now it is still better using cash for doing transaction in real.
Bitcoins, has advantages to be using in online transaction, when you need sending sum of money to your friend abroad, you can using bitcoins for fast transaction that can received confirm by your friend in some mins / hours.
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November 24, 2017, 04:32:31 PM
 #34

Nope..... Cash is still King. {It is 100% anonymous and it is accepted everywhere} I am a big Bitcoin supporter, but I am not blind to it's

shortcomings. We also have some scaling issues that are holding us back from greatness. The scaling issues are causing more problems with

high fees. {when Bitcoin is spammed and when miners starts to mine other forked coins}  Angry

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November 24, 2017, 04:33:33 PM
 #35

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.

Yes i agree with you, bitcoin is easy to use, and like you said it's easy to make transaction to other. And if you hold bitcoin, you can gain your profit even without doing anything rather than our actual money that's why i choose bitcoin.
the value of the bitcoin is very high in market, also the rate of rising in the value of bitcoin is high. bitcoin is high crypto currency and a high value than all fiat currencies. I think the use of bitcoin is not good holding of the bitcoin or investing in bitcoin is very good to make some more money from bitcoin. use of bitcoin is not good because you will fulfill your need and will your benefit.
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November 24, 2017, 04:46:14 PM
 #36

Bitcoin is a great used as a long-term investment.
Everyone too much love bitcoin & I also. Bitcoin is a high crypto currency & easy to make transaction to anyone.  Smiley

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November 24, 2017, 04:52:31 PM
 #37

I understand bitcoin is translated into real dollars but my biggest concern with government acceptance and how one major nation (e.g China) can demonetize and devalue BC overnight by no longer mining or no longer accepting BC.  Today in the US i think we get by due to the vague understanding of how it works, which is why our government sees it as a commodity (like gold).

On the other hand, how do you feel about major banks and investors getting into BC?  Shouldn't this help stabilize the market?
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November 24, 2017, 04:55:15 PM
 #38

the value of bitcoin will continouosly growing based on the charting that experts made and it will pump to 15k this January 2018. so I suggest that you buy or convert your paper money to crypto currency. BITCOIN.
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November 24, 2017, 05:09:34 PM
 #39

Do you think using bitcoin is better than using actual money?
Actual money? Money is money just that we have fait currency which i believe is what you are referring to as actual money or currency and digital currency which could be refer to as crypto currency all of them serve the same purpose though Bitcoin as an assets as compared to fait currency and that is why people prefer Bitcoin over fait currency .
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November 24, 2017, 05:30:29 PM
 #40

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

Yes it would be. If I only could be using it for all  my everyday needs...
The acceptance is so small that in most places you'd have to jump into a car and spend $100 on fuel just to get to a store that accepts it.

Definitely using BTC is better than using fiat money! Why? because it can be traded anywhere and it's intangible and convenient!

Maybe we are living in different worlds or times but it can't be traded anywhere. You are limited to exchanges and their number is really small compared to the number of banks for instance.
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