Quote from: iqlimasyadiqa on November 19, 2017, 04:42:59 AM

Quote from: prettypearl on November 15, 2017, 12:12:54 AM

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 always explain to others that Bitcoin is a revolutionary financial system and has a good future. I always compare Bitcoin with credit card and paypal. With various explanations then I mention that Bitcoin has many advantages over others, Speed and ease in doing every transaction is a plus value that we can. Mathematically, Bitcoin is far superior and better equipped to cope with the increasingly sophisticated growth of technology today.

Well the credit cards have a truly distinguished role, comparing bitcoin and a credit card is insane. Its not only about the value its about the usefulness as well. In case of emergency a credit card is convenient than the bitcoin which you will first sell on the exchange and after confirmation of your transaction there will take place another transaction and it will be from exchange ending fiat to your bank account. This process of conversion is too lengthy and time taking, to be used in emergency situation. You will be lucky enough if your transaction is confirmed within four to five hours, bitcoin transaction were faster in the beginning but now the transaction sucks.