Topic: [POLL] Do you prefer your money to be in cash or bitcoins? - page 2. (Read 17570 times)
I want most of my money to remain as bitcoin if not all, however due to today's standards and situation, you really could not opt to have all your money at bitcoin; eventually you would need to convert to cash just to go to your local grocery and buy the things ou need. However since the inception of bitcoin debit cards that is integrated with Visa and Mastercard, it became easier for us bitcoiners to buy the things we need by using bitcoins on virtually anywhere. It slowly is becoming cooler and cooler and easier as time passes by.
actually surprised so many are being honest with wanting cash but unfortunately
bitcoin is still just still in the infancy page and not enough places take it in order to
have a majority chunk in bitcoin.
In the future I would love to have a bigger % but the world is slow to adopt everything lol.
Peace and will not accept bitcoin as to how much this would be desirable. The fact that the use of bitcoin will be, but only as an investment or investment, but does not replace the bitcoin real money. bitcoin is still just still in the infancy page and not enough places take it in order to
have a majority chunk in bitcoin.
In the future I would love to have a bigger % but the world is slow to adopt everything lol.
I understand that maybe funny with a lot of bitcoin wallets, to say that we need more paper money in their pockets. But such a life without them nowhere. Smart to be good and poor is bad.
actually surprised so many are being honest with wanting cash but unfortunately
bitcoin is still just still in the infancy page and not enough places take it in order to
have a majority chunk in bitcoin.
In the future I would love to have a bigger % but the world is slow to adopt everything lol.
bitcoin is still just still in the infancy page and not enough places take it in order to
have a majority chunk in bitcoin.
In the future I would love to have a bigger % but the world is slow to adopt everything lol.
Well I don't want to pick one because they are all good. But for me in case of saving, I'll pick bitcoin because it is a good one, you are the only one who can access your account and your free to do what you want to do with it. In case of spending, I'll pick money because here in our place bitcoin is not really known and I can't buy anything with it, so I need to convert that bitcoin into money.
Bitcoin course very tempting to look at the background of other currencies. But I have said many times and I will repeat again that bitcoin is very beneficial for those who have more resources. After all bitcoin does not even state borders.
For now I'll have to say I prefer real cash because all things that we need in our every day life are bought with real life money so the plan is to get as much Bitcoin as we can and sell it when its bade price goes up and get our cash
I prefer bitcoin because its price is increasing day by day and so if i get my money in bitcoin at the rate of $700 so if the price increase upto $1000 in near future so the rest $300 will be my free profit do Roth cash money it is not possible. This is the reason why I like to get my money in bitcoin. And also it's mucho easier for me to use Notun then real paper currency online.
I would prefer if bitcoin was more mainstream and i had more uses for it in daily life, then i would prefer bitcoin. But as of now i need cash because i cannot go without it daily
I guess bitcoin is already mainstream but still another thing is even though bitcoin is already in mainstream. Still many people doesn't know how to use it and prefer to use more cash rather than bitcoins. For they think that it is better to use cash and thinking that bitcoins is only use for different illegal activities online.
agree with you, many people don't know a bitcoin, when we save our money become bitcoin it is same with you invest because bitcoin still grow up until now. besides that, a bitcoin not only to illegal activities bitcoin also used to good activities like paid and something else.
Why can't it be both?
If Bitcoin as a currency isn't so limited(for now), then of course I would rather have it in btc.
As it is, when I can't find the product/goods that I want in the internet(or if it costs an arm and leg), then I'd have no choice but convert to fiat. I am not gonna pay $50 in the net when I could get it for $20 offline.(Same goes the other way) I ain't gonna waste my money just so I could say, "oh yeah I usually buy through the net,blah blah"
Oh well,could also depend on location.(If I wasn't such a hick in the woods,maybe I'd have more options/shops I could buy directly with btc.)
And, I don't really watch the valuation in dollars much. Most of my money do stay in btc, I only convert when I really need to,so if price goes up,then great! When it's way down then, it's time to buy.
If Bitcoin as a currency isn't so limited(for now), then of course I would rather have it in btc.
As it is, when I can't find the product/goods that I want in the internet(or if it costs an arm and leg), then I'd have no choice but convert to fiat. I am not gonna pay $50 in the net when I could get it for $20 offline.(Same goes the other way) I ain't gonna waste my money just so I could say, "oh yeah I usually buy through the net,blah blah"
Oh well,could also depend on location.(If I wasn't such a hick in the woods,maybe I'd have more options/shops I could buy directly with btc.)
And, I don't really watch the valuation in dollars much. Most of my money do stay in btc, I only convert when I really need to,so if price goes up,then great! When it's way down then, it's time to buy.
We have the same thoughts. Only if BTC is not so limited as a currency, I would also prefer my money to be in BTC. BY this I can freely choose whether i would buy online or i would cash out my coins to buy in stores the stuff i want. Having money in cash as well as in bitcoin could be an advantage for people so that we could weigh some practical ways in buying. But for now, in my case I prefer to have my money in cash since I cannot buy goods here in my country using bitcoin.
Why can't it be both?
If Bitcoin as a currency isn't so limited(for now), then of course I would rather have it in btc.
As it is, when I can't find the product/goods that I want in the internet(or if it costs an arm and leg), then I'd have no choice but convert to fiat. I am not gonna pay $50 in the net when I could get it for $20 offline.(Same goes the other way) I ain't gonna waste my money just so I could say, "oh yeah I usually buy through the net,blah blah"
Oh well,could also depend on location.(If I wasn't such a hick in the woods,maybe I'd have more options/shops I could buy directly with btc.)
And, I don't really watch the valuation in dollars much. Most of my money do stay in btc, I only convert when I really need to,so if price goes up,then great! When it's way down then, it's time to buy.
If Bitcoin as a currency isn't so limited(for now), then of course I would rather have it in btc.
As it is, when I can't find the product/goods that I want in the internet(or if it costs an arm and leg), then I'd have no choice but convert to fiat. I am not gonna pay $50 in the net when I could get it for $20 offline.(Same goes the other way) I ain't gonna waste my money just so I could say, "oh yeah I usually buy through the net,blah blah"
Oh well,could also depend on location.(If I wasn't such a hick in the woods,maybe I'd have more options/shops I could buy directly with btc.)
And, I don't really watch the valuation in dollars much. Most of my money do stay in btc, I only convert when I really need to,so if price goes up,then great! When it's way down then, it's time to buy.
I would prefer if bitcoin was more mainstream and i had more uses for it in daily life, then i would prefer bitcoin. But as of now i need cash because i cannot go without it daily
It's really interesting what you can do with your bitcoin with it's anonymity and easy transaction and trust issue style. I think it really depends on what you're trying to do with your money. If it's going to be a local transaction or business, I would prefer cash but when it's for online transactions or trading, I would escrow and use bitcoins. Because you don't need to trust the person you're trading with, that's the beauty of it right. I prefer money to be in cash just because that's what people use everyday for transactions. Bitcoins are not yet known much in our country.
Actually he is right ! With hyper inflation in poor countries the little money they have becomes worth even less by the day. Today's bread could cost the same as a single slice in a few weeks ? Months ? Years ? How long do you wait. As people habe said before you wasting printing that weak currency out since it is less than toilet paper.
If bitcoin was around in ww2 there would habe not been the great depression and the fall of the German mark so much so that one required a wheel barrow full of notes just for bread and milk. They weigh the money from then onwards since its value is low. Think about how that can never happen to bitcoin. That is why bitcoin is so great.
If bitcoin was around in ww2 there would habe not been the great depression and the fall of the German mark so much so that one required a wheel barrow full of notes just for bread and milk. They weigh the money from then onwards since its value is low. Think about how that can never happen to bitcoin. That is why bitcoin is so great.
India is getting more interested. and has a lot of people many not in poverty.
http://www.cnbc.com/2016/11/15/india-rupee-restriction-boost-bitcoin-digital-currency.html
http://www.cnbc.com/2016/11/15/india-rupee-restriction-boost-bitcoin-digital-currency.html
Interesting article. Especially because of the fact that they are trading at nearly $800 and we here are around $90 behind. I think that's mainly due to the fact that there is barely any liquidity there. Either way, a massive premium compared to the USD rate shows that there is some panic buying going on. I am sure that when more people there enter the market and bring in liquidity, that the price will come closer to the other exchange rates. Right now it's a great arbitrage opportunity for those that know how to play it well.
Well it depends on how picky you read the poll.
Cash<> Fiat
I normally have $5-$10 on me in cash. have more in checking/credit card of course but that's not cash.
I have $75-150 in mobile BTC wallets that I can use. more in cold stage. also have a btc debit card that i weekly pay into.
So I use both but have More BTC than actual paper cash on me
The banking sector in some countries do not want or do not even think to reconsider its opinion on the bitcoin. This will remove bitcoin deeper into illegal payments. This will fasten only real money.Cash<> Fiat
I normally have $5-$10 on me in cash. have more in checking/credit card of course but that's not cash.
I have $75-150 in mobile BTC wallets that I can use. more in cold stage. also have a btc debit card that i weekly pay into.
So I use both but have More BTC than actual paper cash on me
Or as Fiat moves into hyperinflation like Zimbabwe Dollars (50 Billion dollar notes anyone?). or India just making R1000 notes toilet paper people will move into BTC whether or not the government likes it.
People with a decent understanding of what Bitcoin is, will indeed move a major part of their wealth to an option such as Bitcoin. I however believe that the majority of the people will prefer Gold over anything since it gives them a safe feeling. Bitcoin is a newbie in the game where Gold has been serving people for thousands of years. Looking at the serious poverty in Zimbabwe and India, I find it hard to believe people with barely any money will actually shift to Gold or Bitcoin. It will be something for the middle class and up as they have the highest risk exposure in this matter.
India is getting more interested. and has a lot of people many not in poverty.
http://www.cnbc.com/2016/11/15/india-rupee-restriction-boost-bitcoin-digital-currency.html
Most of y'all want bitcoins, and I understand all that. I wouldn't mind either one if it was a big enough pot, but I do prefer cold hard cash. There's still something inherently nauseating about bitcoin, and mosta that has to do with the hackers and the ephemeral nature of digital currency. It only exists because we give it value. The minute we decide it's worthless (which could happen), it's gone. Guess the same thing goes for cash, but if that becomes worthless, we'll be shooting zombies in the streets.
Well it depends on how picky you read the poll.
Cash<> Fiat
I normally have $5-$10 on me in cash. have more in checking/credit card of course but that's not cash.
I have $75-150 in mobile BTC wallets that I can use. more in cold stage. also have a btc debit card that i weekly pay into.
So I use both but have More BTC than actual paper cash on me
The banking sector in some countries do not want or do not even think to reconsider its opinion on the bitcoin. This will remove bitcoin deeper into illegal payments. This will fasten only real money.Cash<> Fiat
I normally have $5-$10 on me in cash. have more in checking/credit card of course but that's not cash.
I have $75-150 in mobile BTC wallets that I can use. more in cold stage. also have a btc debit card that i weekly pay into.
So I use both but have More BTC than actual paper cash on me
Or as Fiat moves into hyperinflation like Zimbabwe Dollars (50 Billion dollar notes anyone?). or India just making R1000 notes toilet paper people will move into BTC whether or not the government likes it.
People with a decent understanding of what Bitcoin is, will indeed move a major part of their wealth to an option such as Bitcoin. I however believe that the majority of the people will prefer Gold over anything since it gives them a safe feeling. Bitcoin is a newbie in the game where Gold has been serving people for thousands of years. Looking at the serious poverty in Zimbabwe and India, I find it hard to believe people with barely any money will actually shift to Gold or Bitcoin. It will be something for the middle class and up as they have the highest risk exposure in this matter.
bitcoin because I can fight against the inflation of the currency in my country, easy and fast payments and many things that normal currencies can't, and even you can use for activities like gambling, vpn, donations ect.
P.D: I'm from Venezuela
maybe you can avoid the inflation that occurred in the currency of your country, but if you choose bitcoin you also had nearly the same risk, ie fluctuations, if you can not wait probably will count against P.D: I'm from Venezuela
Well it depends on how picky you read the poll.
Cash<> Fiat
I normally have $5-$10 on me in cash. have more in checking/credit card of course but that's not cash.
I have $75-150 in mobile BTC wallets that I can use. more in cold stage. also have a btc debit card that i weekly pay into.
So I use both but have More BTC than actual paper cash on me
The banking sector in some countries do not want or do not even think to reconsider its opinion on the bitcoin. This will remove bitcoin deeper into illegal payments. This will fasten only real money.Cash<> Fiat
I normally have $5-$10 on me in cash. have more in checking/credit card of course but that's not cash.
I have $75-150 in mobile BTC wallets that I can use. more in cold stage. also have a btc debit card that i weekly pay into.
So I use both but have More BTC than actual paper cash on me
Or as Fiat moves into hyperinflation like Zimbabwe Dollars (50 Billion dollar notes anyone?). or India just making R1000 notes toilet paper people will move into BTC whether or not the government likes it.
Jump to: