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Author Topic: Why I would rather have paper money then Bitcoin  (Read 1279 times)
thenameisjay
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February 18, 2018, 05:17:11 AM
 #101

This is going to come to a surprise to many on here, but at the moment I'd rather have paper (US FIAT) money. It's something that I would be able to actually use in my life with ease, and even though I love crypto and everything I have to be honest about what I think and see.

Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.



Same goes for me. To be honest, if I have a lot of fiat money now, I would bettet invest it in stocks rather than bitcoins AT THE MOMENT. I'm reconsidering how much bitcoin's transaction fees and transfer rates today are. If they were cheap and fast, then I'm bitcoins all the way.

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February 18, 2018, 05:39:27 AM
 #102

This is going to come to a surprise to many on here, but at the moment I'd rather have paper (US FIAT) money. It's something that I would be able to actually use in my life with ease, and even though I love crypto and everything I have to be honest about what I think and see.

Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.



The reason why bitcoins is better that fiat is that, cryptocurrency is growing in the market while fiat needs to be placed on the bank in order for it to grow and that is the reason why banks are losing their profit, its because there are more people who are interested on investing in bitcoins.
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February 18, 2018, 05:57:27 AM
 #103

Paper money is the easiest way to use and expend all over the world. While bitcoin is infrequent to use you need to convert first to cash.
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February 18, 2018, 06:03:46 AM
 #104

This is going to come to a surprise to many on here, but at the moment I'd rather have paper (US FIAT) money. It's something that I would be able to actually use in my life with ease, and even though I love crypto and everything I have to be honest about what I think and see.

Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.



For the purposes of day-to-day transactions, fiat money is much better than bitcoin. In my opinion, bitcoin is better for investment, not for everyday transactions.
jrrsparkles
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February 18, 2018, 06:28:16 AM
 #105

This is going to come to a surprise to many on here, but at the moment I'd rather have paper (US FIAT) money. It's something that I would be able to actually use in my life with ease, and even though I love crypto and everything I have to be honest about what I think and see.

Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.



For the purposes of day-to-day transactions, fiat money is much better than bitcoin. In my opinion, bitcoin is better for investment, not for everyday transactions.
Yes for now bitcoin is better for investing rather than using as a currency because in future the price of bitcoin will get too expensive so at that time we can use our bitcoins until that keep holding.









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February 18, 2018, 07:17:35 AM
 #106

This is going to come to a surprise to many on here, but at the moment I'd rather have paper (US FIAT) money. It's something that I would be able to actually use in my life with ease, and even though I love crypto and everything I have to be honest about what I think and see.

Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.


Most people who invest in the Bitcoin market are looking to make a profit, and convert that profit into paper money for everyday living. You want the original paper money before then to bitcoin, I think quite right. We live and earn money to meet our daily needs, first of all we have to have paper money to meet our needs in life, then left over to buy bitcoin to make a profit, because now bitcoin Purchases can not be made in some countries. So bitcoin is not worth the daily life like paper money.
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February 18, 2018, 07:32:32 AM
 #107

I know that bitcoin is partnered by fees, not all people love fees and not all people is for bitcoin. The different of paper money to bitcoin is that bitcon is an investment. Its not meant for daily transactions. I know there is only fees, when you cash in and cash out.
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February 18, 2018, 07:45:24 AM
 #108

There is no such thing as 'what it's meant for.'   It's something that anyone can use however they want, only limited by one's creativity.       

sent from my X6
KesoNie
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February 18, 2018, 07:46:43 AM
 #109

This is going to come to a surprise to many on here, but at the moment I'd rather have paper (US FIAT) money. It's something that I would be able to actually use in my life with ease, and even though I love crypto and everything I have to be honest about what I think and see.

Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.



For the purposes of day-to-day transactions, fiat money is much better than bitcoin. In my opinion, bitcoin is better for investment, not for everyday transactions.
Yes for now bitcoin is better for investing rather than using as a currency because in future the price of bitcoin will get too expensive so at that time we can use our bitcoins until that keep holding.
As what we always looking forward that would happen to bitcoin to keep its status stronger and continue to soar high. And because of this characteristic it attracts more and more investors which also makes bitcoin preferable rather than paper money as a investment. But since bitcoin is not yet legally used as a mode of payment we need to convert it into fiat.
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February 18, 2018, 08:14:46 AM
 #110

With higher exchange than fiat money you can get more money when you get bitcoin
Just get lot lot bitcoin after you change into fiat money you can be rich and can you use in real world

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February 18, 2018, 08:56:34 AM
 #111

This is going to come to a surprise to many on here, but at the moment I'd rather have paper (US FIAT) money. It's something that I would be able to actually use in my life with ease, and even though I love crypto and everything I have to be honest about what I think and see.

Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.



What about one of the altcoins -- in terms of high fees, that is?

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Pan Troglodytes
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February 18, 2018, 10:10:11 AM
 #112

This is going to come to a surprise to many on here, but at the moment I'd rather have paper (US FIAT) money. It's something that I would be able to actually use in my life with ease, and even though I love crypto and everything I have to be honest about what I think and see.

Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.



What about one of the altcoins -- in terms of high fees, that is?
You are aware that the fees in altcoins are currently lower because those altcoins are not even closely as successful as bitcoin, especially in terms of a number of transactions. The moment the number of transactions for the altcoin reaches the number of transaction in peaks for bitcoin (like the december peak, for instance), the fees will be similarly high too.
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February 19, 2018, 02:55:04 PM
 #113

With higher exchange than fiat money you can get more money when you get bitcoin
Just get lot lot bitcoin after you change into fiat money you can be rich and can you use in real world


Well you seem to be forgetting that bitcoin is extremely volatile. Though you can get more money when the value is high, haven't you considered crashes, just like the recent one that happened? I'm.nit preferring one over the other because i'd prefer to have a variety of options.

 
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February 19, 2018, 02:59:10 PM
 #114

I agree with the thread title. I would love to have a bunch of paper money THEN turn it into bitcoin.   Grin

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February 19, 2018, 03:01:32 PM
 #115

 because bitcoin can't buy anything, we have to convert it to paper money to use it into what we need.
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February 19, 2018, 03:28:15 PM
 #116

I agree with OP. 99% of the stores in my country don’t accept bitcoin and crypto as a payment method. For now, I take Bitcoin as a saving and investment tool.
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February 19, 2018, 03:45:46 PM
 #117

 I prefer to have my funds in both fiats and bitcoin. There are advantages to both. Fiat is good for spending, this is something we cannot deny. But I like the growth of bitcoin, this is something fiat cannot achieve.

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February 19, 2018, 03:48:21 PM
 #118

I understand your point of view and it is perfectly normal to want this way. For me now it is the perfect time to save some money since I don't sell my bitcoin every day to buy something. I want to have this saving period

The best is yet to come!
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February 19, 2018, 03:56:11 PM
 #119

This is going to come to a surprise to many on here, but at the moment I'd rather have paper (US FIAT) money. It's something that I would be able to actually use in my life with ease, and even though I love crypto and everything I have to be honest about what I think and see.

Plus for the fact that if i was to have bitcoin right now, I'd be paying a very high amount in fees if I wanted to actually end up using this money.

I've already used Stellar (XLM) for payment where I am at. And it works pretty well. Wink More shops are adopting it.
Cryptos certainly do have a future IMO.

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February 19, 2018, 04:14:50 PM
 #120

Fiat is our easiest form of currency it has been in place for a long time and there is nothing difficult about using it. Bitcoin on the other hand does have a learning curve for new people to understand with keys and understanding of it price volatilities. Transaction fees are an issue that can be resolved.
I agree to you that, fiat is our first and easiest form of currency where accpetable in all different kind of transactions and we all know that it will last forever. The reason why I would rather to have fiat than bitcoin is the price because the price of bitcoin is volatiles and there is a chance that it will crush your money but I hope it would not happen.
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