[POLL] Do you prefer your money to be in cash or bitcoins? - page 19.

damiano

legendary

Activity: 1246

Merit: 1000

103 days, 21 hours and 10 minutes.

Quote from: defaultking on December 26, 2015, 03:17:17 PM

I prefer my money to be in bitcoin as I feel it's mine and I have more control over it as well as it being more secure. On the other hand I keep most of my money in fhat however for ease of use as most places only accept fiat.

I am with you and prefer my value in Bitcoin but that is not really an option at the moment. Once more online merchants accept and local stores to pay bills and mortgage is when I will only use Bitcoin. When and if that day comes there will be less fluctuating. That will be a sad day if I'm honest as I like it and its been good to me.

busybee7

full member

Activity: 224

Merit: 100

i prefer it to be in cash as its price does not fluctuate a lot

btvGainer

legendary

Activity: 854

Merit: 1000

Quote from: EXtremeAEX on December 13, 2015, 03:46:33 AM

The price of bitcoin is regularly fluctuating, so you might get $100 worth of bitcoins now, $50 or $200 worth of bitcoins tomorrow, who knows? So, do you prefer a currency that is more stable, like cash (USD, EUR...), or do you treat bitcoins as a currency, for investment to let it grow?

State why you prefer your option.

I prefer both.Cash to buy my daily needs,pay bills etc because bitcoin is not mainstream yet it not acceptable eveywhere.I also want to have some btc because it is convinent payment mode.Btc as investment is my last choice

defaultking

full member

Activity: 140

Merit: 100

I prefer my money to be in bitcoin as I feel it's mine and I have more control over it as well as it being more secure. On the other hand I keep most of my money in fhat however for ease of use as most places only accept fiat.

Yakamoto

legendary

Activity: 1218

Merit: 1007

Quote from: cointtoo on December 26, 2015, 08:59:57 AM

For a large holding I think gold is a possible answer, also USD is a possible answer but BTC is too volatile for any serious holding IMO, gold price has lost allot in the previous period and some BTC fans point to that (I'm one of them too) but BTC went from $1000 to ~$300 in less than a month before, BTC has great potential but is completely unpredictable.

Well gold has been on a losing streak lately, so there are other investments that are better right now. I can think of any off of the top of my head right now, but PMs such as silver as probably better to put value in right now.

And BTC hasn't gone from $1000-$300, it went $1,200, $700, $500, $250 over a four month period. If you can't choose what to do over that period of time, I'd feel pretty bad for you.

Adam1395

newbie

Activity: 28

Merit: 0

I would prefer my money in bitcoin to a extend that I want my company to give me my salary in bitcoin. If that happens then I would the happiest person in our mother planet. Actually the thing is I am bored of looking and specially counting the cash shit and all that stuff.

cointtoo

member

Activity: 70

Merit: 10

For a large holding I think gold is a possible answer, also USD is a possible answer but BTC is too volatile for any serious holding IMO, gold price has lost allot in the previous period and some BTC fans point to that (I'm one of them too) but BTC went from $1000 to ~$300 in less than a month before, BTC has great potential but is completely unpredictable.

mcfom

legendary

Activity: 1260

Merit: 1001

I gave vote to bitcoin,it deserves and it trend and digital money in which I prefer to be my money.I was collecting bitcoins little by little to be in future's elite class.

boopy265420

legendary

Activity: 1876

Merit: 1005

My vote is for Bitcoin because it has brought change in financial system and things are changing rapidly.I converted my money in Bitcoins and already my profit is higher but I have intention keep holding for better and right time.I also keep money in cash for everyday usage so both at the same time.

Amph

legendary

Activity: 3248

Merit: 1072

Quote from: Jet Cash on December 26, 2015, 04:51:21 AM

Well I'm very new to Bitcoin, but here are my preferences

Money for everyday expenses

1. Bank current account
2. Cash
3. Bitcoin

Life-happens savings
1. Bank savings account
2. Cash
3. Bitcoin

Long term savings

1. Bitcoin
2. Copper ingots
3, Cash
4 Bank savings account

i find that bitcoin is better on the web for now, superior to fiat, you can have some discount with some service, were for fiat you only pay more due to fee(paypal, your bank account etc..)

Daniel91

legendary

Activity: 3374

Merit: 1824

For now, I prefer my money to be in cash.
It's obvious reason for it, I can't use bitcoin much in my country, there are almost no Bitcoin ATM, very few merchants accept bitcoin, no BTC debit cards etc.
I hope such situation will change in the near future but right now it's much more practical to have cash in pocket

okae

legendary

Activity: 1401

Merit: 1008

northern exposure

like i always said, never put all your eggs in the same basket, even if i prefer to use bitcoin, lets say around 80% on BTC, i "need" to have some cash in fiat too.

The good part about it is that someday i will not need anymore the fiat Wink

, so my vote is for bitcoins.

ralle14

legendary

Activity: 3430

Merit: 1934

Shuffle.com

Quote from: newcripto on December 26, 2015, 06:29:38 AM

Same is my opinion about preference of keeping money.I will say cash is king and still we can not use Bitcoin freely and everywhere and it will take long time when Bitcoin will truly fulfill the this space.I am just holding my Bitcoins as investment for long term.

the only downside in cash it might degrade overtime if your countries money volume hyperinflates over the years but everyone has their own preferrence in money

fantoos

hero member

Activity: 784

Merit: 1000

Quote from: abonarea on December 26, 2015, 06:36:59 AM

I would prefer my money to be in cash.I have invested some money in Bitcoin as well and some part in precious metal to have all the options available in any case of unexpected situation.I suggest to be a balance among your savings.

I do agree with you and this is best explanation with good and easy words to understand.Bitcoin has bright future but still some sort of uncertainty exists and I will act upon your suggestion to maintain in my money in everything possible for maximum safety and freedom of use in future.

worhiper_-_

hero member

Activity: 700

Merit: 500

Living in a country that is blocked by most financial services at the moment, bitcoin offers me a lot of flexibility. But the volatility isn't all that great, so I prefer to always keep a cash balance, that I've sold when significant highs are reached. I sometimes trade to increase my bitcoins, not frequently though. I always try to earn more bitcoins than I spend. But since I mostly use bitcoin to buy stuff online I always feel that I need some converted to cash in order to be safe from volatility.

abonarea

legendary

Activity: 1526

Merit: 1003

I would prefer my money to be in cash.I have invested some money in Bitcoin as well and some part in precious metal to have all the options available in any case of unexpected situation.I suggest to be a balance among your savings.

jangloos

hero member

Activity: 672

Merit: 500

We all should take advantage of the current prices of bitcoin as gift.I really think by the end of next year ,current price will become part of past and people will remember this opportunity so grab as many as you can while it is accessible on these prices. What I see halving will be first main stage to gear up the price.

newcripto

hero member

Activity: 728

Merit: 500

Same is my opinion about preference of keeping money.I will say cash is king and still we can not use Bitcoin freely and everywhere and it will take long time when Bitcoin will truly fulfill the this space.I am just holding my Bitcoins as investment for long term.

d-leit

newbie

Activity: 45

Merit: 0

Quote from: electronicfactura on December 26, 2015, 06:12:55 AM

It is a bit hard to select only one option because at this stage it is really hard to keep my money in one.I am keeping my funds both in fiat money and Bitcoin to keep balance and to not keep all my eggs in one basket.

this is also my thinking. it seems the most reasonable answer is to have some money in cash and some money in bitcoins, the question is about percentages. the volatility is a problem, so for me 20% bitcoin 80% cash seems good.

victoryboy

hero member

Activity: 728

Merit: 500

I am buying Bitcoin whenever I have extra money after paying my spending on things.I want to raise as many Bitcoins as I can before it's price to explode to take it to sky.

Topic: [POLL] Do you prefer your money to be in cash or bitcoins? - page 19. (Read 17573 times)