Bitcoin.
money in my country is very volatile against the USD.
to save me better prefer to Bitcoin, because if USD is rising I could sell it.
Topic: [POLL] Do you prefer your money to be in cash or bitcoins? - page 21. (Read 17570 times)
I would go with Bitcoin even with the risk of the value going down or up mainly due to the fact that it makes the whole online purchasing very easy for someone like me that buy stuff online and there are countless exchanges out there that whenever you need, you could transfer it to your local currencies.
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.
For a short term or any emergency need means I would go with fiat currency But If long term process of saving means I will save as bitcoins only. Because Bitcoin didn't achieve its original rate Its just scratch the ground only. If I save btc I may millionaire in future. State why you prefer your option.
I think bitcoin is so much better for holding purposes.
Imagine you are from syria, how can you save your money?
Banks no! Cash no!
Just small electronic wallet would be enough. Noone would even realize you hold money in basically "internet".
Well money is better for general usage still.
Imagine you are from syria, how can you save your money?
Banks no! Cash no!
Just small electronic wallet would be enough. Noone would even realize you hold money in basically "internet".
Well money is better for general usage still.
It's in my opinion a bit safer to keep any excess money as bitcoins, just because it basically earns interest over time and it's pretty hard to spend in the real world at the moment.
Although I am trying to accumulate some bitcoins as an interesting investment, this moment my economy and financial could not be supported adequately by the bitcoin, that is why I still prefer to base my business on the current strong dollar.
Most of the responses here where people say they prefer cash would be from countries where their local currency is fairly stable. There are a bunch of places where that's not so, and I bet their voices are not heard here as much, so the poll isn't representative.
I recently found a good reason to use bitcoin over fiat tho. In Thailand, when I transfer money into a Thai bank account, they have some extremely contorted, ad hoc, rules to ensure it's hard to send that fiat out of the country again. Details at reddit /r/BitcoinThailand.
So now I transfer to Thailand by wire, then immediately convert what i can to bitcoin for safety (and use online).
My preference is clearly for bitcoin over cash.
I recently found a good reason to use bitcoin over fiat tho. In Thailand, when I transfer money into a Thai bank account, they have some extremely contorted, ad hoc, rules to ensure it's hard to send that fiat out of the country again. Details at reddit /r/BitcoinThailand.
So now I transfer to Thailand by wire, then immediately convert what i can to bitcoin for safety (and use online).
My preference is clearly for bitcoin over cash.
Yes. In countries where there is political instability or governments with murkish law, btc prices jumps whenever these countries have news of possible new regulations that could affect liquidity of their assets.
Couple of months back when China moves to curb its property bubble, btc prices jump along. Simply, the mega rich PRC chinese have no other places to park their funds.
Similarly, the price of btc rose when Greece was going through crisis.
For online purposes I solely work with Bitcoin. I don't use fiat money anymore unless a certain webshop where I purchase something doesn't accept Bitcoin. Only then I make an exception. In real life I prefer fiat money. Because I can't pay my bills, food, gas, etc, with Bitcoin. Perhaps that might change at some point in the future.
Yep, that is about the most true statement I have read on this thread. The only thing that I can counter with is that there is already asset backed debit cards that have been available for a while now that converts your bitcoins into fiat up purchasing things IRL, or converts it to fiat upon loading.... but there is always the stigma that YOU yourself should be in full control of your bitcoins and never trusting a third party, which I fully agree. But like you said, until you are able to pay rent, bills, etc. with bitcoin whenever you want, there won't be the possibility of me solely making an income in Bitcoin because I need to satisfy my basic needs.
Definitely BTC as I am all for Ending the Federal Reserve we need to stop all the money printing from thin air
check this out till 3 44
https://youtu.be/M_gvmPqSWuA?list=PLORBAEJE4BkH358rp0rDpLj0E6IJBsrGB
check this out till 3 44
https://youtu.be/M_gvmPqSWuA?list=PLORBAEJE4BkH358rp0rDpLj0E6IJBsrGB
i prefer to hold my money in bitcoins
If I'm purchasing online I would rather have bitcoins than cash but in my country nowhere accepts btc so cash.
I love bitcoin, but I definitely prefer cash in my hand. It's tangible, for one thing, but the most important reason is that I pay my bills in cash, buy my groceries with cash...all my living expenses are paid for with fiat. No one around me takes bitcoin. The second reason is, as mentioned, the price fluctuations. It's nice when the price is rising, since I get more buying power, but we've seen some breathtaking crashes and those are not fun.
Most of the responses here where people say they prefer cash would be from countries where their local currency is fairly stable. There are a bunch of places where that's not so, and I bet their voices are not heard here as much, so the poll isn't representative.
I recently found a good reason to use bitcoin over fiat tho. In Thailand, when I transfer money into a Thai bank account, they have some extremely contorted, ad hoc, rules to ensure it's hard to send that fiat out of the country again. Details at reddit /r/BitcoinThailand.
So now I transfer to Thailand by wire, then immediately convert what i can to bitcoin for safety (and use online).
My preference is clearly for bitcoin over cash.
I recently found a good reason to use bitcoin over fiat tho. In Thailand, when I transfer money into a Thai bank account, they have some extremely contorted, ad hoc, rules to ensure it's hard to send that fiat out of the country again. Details at reddit /r/BitcoinThailand.
So now I transfer to Thailand by wire, then immediately convert what i can to bitcoin for safety (and use online).
My preference is clearly for bitcoin over cash.
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.
State why you prefer your option.
I use as a currency and prefer bitcoin because you can pay online. I buy most of my things online
I like an even split 50/50, I can easily survive with that and still have a great amount of BTC coming in.
same. I'll go with a split
I like an even split 50/50, I can easily survive with that and still have a great amount of BTC coming in.
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.
State why you prefer your option.
I love the fact that it is so volatile and that makes for a big reason why I am here, it gives potential to earn from it bouncing.
I prefer bitcoin to the usd its just a case for others to feel the same and get accepted everywhere and give me no reason to continue to use usd.
I treat it as both a currency and an investment for the future. In case not obvious my vote is for bitcoin.
I prefer cash of course as all people use it unlike bitcoin which still need more time to be well-known for everyone
When bitcoin become a mainstream, I will prefer it
When bitcoin become a mainstream, I will prefer it
gotta go with bitcoin. Mainly because I think its going to go to much higher in the long
run. We are know the dollar isnt going anywhere lol
run. We are know the dollar isnt going anywhere lol
I prefer bitcoins, but i need cash for small payments on my daily routine. I like to use bitcoins on online shopping. And i like to send bitcoins to my cold wallet as an investment. But i need cash to pay a coffe on my local bar (for the moment, on my town there isn't any bar that accepts bitcoins).
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