One thing to remember here is that "digital currency" can mean digital version of fiat currency (such as PayPal and Visa) as well as cryptocurrencies such as Ethereum, Bitcoin and Litecoin. Now it is difficult to find out how many of this 69% were actually thinking about cryptocurrency. That said, this poll had less than 10,000 responses, and I would not consider it to be representative of the general population.
But for me, all this is trivial. Nowadays, it is very easy to convert cash from one format to another. If I have cryptocurrency in my wallet, then I can easily convert it to other forms (physical cash, bank transfer, gift voucher.etc) in just a few clicks. The same is true, if I have cash in my bank account. So many exchanges and P2P platforms are there for this purpose. Even here in Bitcointalk, there is a "Currency exchange" section under the "Marketplace" sub-forum, which is having tens of thousands of active users.
Topic: What's your favorite way to receive money as a gift? Cash or digital.. - page 3. (Read 647 times)
October 28, 2019, 03:51:18 AM
October 28, 2019, 03:18:37 AM
I prefer to accept payments using digital currency because if using a digital currency can be more practical when you want to be used for transactions because now there are many digital payments that can be more easily used.
October 28, 2019, 03:03:07 AM
Of course, people are like to receive their money by the digital system because of having some extra benefit from this segment, If you have cash money then you can spend anywhere, anytime but when you have to the other who are staying far away from you then you have to send digitally, if you have cash in your bank account then you have to withdraw from any branch or ATM booth, so you have to go there for when you need it, but if you have money in your digital format then you can make a payment at home, you can send money staying at your office even you feel safe when you have your money in the internet platform. that's why he blockchain and cryptocurrency platform is getting popular around the world.
October 28, 2019, 01:49:41 AM
Depends. If from somewhere nearby then cash, if internationally then in digital currencies.
October 28, 2019, 12:14:52 AM
I personally prefer receiving cash as a gift despite being digital currency dominating the market currently.
The usage for fiat is far wider and has a variety of options to choose from. If I ever feel of needing digital cash, I can always have the option to convert it and purchase bitcoins. The only downside is, I am more inclined to spending than saving my money.
For digitalized currency, bitcoin has been popular as a means of investment due to its high volatility. Others prefer receiving this as a gift (since its really valuable!) but it solely depends on the individual depending on his/her current needs.
The usage for fiat is far wider and has a variety of options to choose from. If I ever feel of needing digital cash, I can always have the option to convert it and purchase bitcoins. The only downside is, I am more inclined to spending than saving my money.
For digitalized currency, bitcoin has been popular as a means of investment due to its high volatility. Others prefer receiving this as a gift (since its really valuable!) but it solely depends on the individual depending on his/her current needs.
October 27, 2019, 10:19:23 PM
I will only believe on that survey if they surveyed more than 1/2 of the total population in a certain country and do it worldwide. Yes it is hard but it is the only way I see.
A small number of people is just a small number and they put the poll on Twitter where the Bitcoin analysts and enthusiasts are active most of the time. I would choose digital too over cash but unfortunately, I don't receive any gifts from my friends
A small number of people is just a small number and they put the poll on Twitter where the Bitcoin analysts and enthusiasts are active most of the time. I would choose digital too over cash but unfortunately, I don't receive any gifts from my friends
Yes, if given the chance, I would love to receive Bitcoin as a gift too, and will hold it for five years as preparation for my daughter's college fee, because I know by that time, the price of Bitcoin will be times 10 or more of its current price now, depends on the demand and how fast the adoption is.
October 27, 2019, 10:15:35 PM
I prefer digital because if I get it I can play it back like it is reinvested in order to get maximum profit, but it's not wrong to get it in cash can be for sudden needs, but my main choice is digital
In order for me to maximize and at the same time, put my savings on the best and secured platform, I chose to change my assets into digital. These days, we are bound to daily transactions, most of the time, we need to pay someone for the services and goods that we need, and for me, the best and the most efficient is using a digital, so whenever someone gives a gift for me, they know my money is in digital form, that is why they do the same thing. The good thing about it is I can help them know what crypto is so they can adopt.
October 27, 2019, 09:16:25 PM
People are increasingly attracted to receiving money in digital form.
The interest in digital cash is a glimpse into the future. The way we exchange funds in the global marketplace is shifting.
This could open a broader path for cryptocurrencies as a medium of exchange.
Time will tell. Now is the time to position.
if you ask people in this forum the answer is of course digital currency.
but if I look at the survey conducted on Twitter it is really surprising to me that the dominance of the digital currency has been chosen. this is a signal that people have begun to understand the benefits of digital currency.
October 27, 2019, 08:25:53 PM
although digital goods have not yet reached everyone, especially in rural areas that still use cash. but the introduction of digital currency has begun. many people turn to digital currency because it's easier in all
- does not require a large place. for example you bring 100000$, with digital you only need to bring a debit card or smartphone.
- with a digital currency of $ 100,000 will not burden someone because of the amount and weight.
- with digital currency, someone can trade long distances. without meeting, even with crypto currencies, one can send large amounts of money.
so this is the reason people turn to digital currencies.
- does not require a large place. for example you bring 100000$, with digital you only need to bring a debit card or smartphone.
- with a digital currency of $ 100,000 will not burden someone because of the amount and weight.
- with digital currency, someone can trade long distances. without meeting, even with crypto currencies, one can send large amounts of money.
so this is the reason people turn to digital currencies.
October 27, 2019, 07:08:06 PM
I will only believe on that survey if they surveyed more than 1/2 of the total population in a certain country and do it worldwide. Yes it is hard but it is the only way I see.
A small number of people is just a small number and they put the poll on Twitter where the Bitcoin analysts and enthusiasts are active most of the time. I would choose digital too over cash but unfortunately, I don't receive any gifts from my friends
A small number of people is just a small number and they put the poll on Twitter where the Bitcoin analysts and enthusiasts are active most of the time. I would choose digital too over cash but unfortunately, I don't receive any gifts from my friends
October 27, 2019, 06:44:08 PM
Of course i would choose digital currency but it will depend on what i will receive and its not good to be choosy. The reason why i chose digital money its because no hassle at all and i can receive it much faster and can be used for services to pay anything or trade it.
But if i wkll receive casb then i will convert it to a crypto since i much prefer buying paperless and doesn't want tocarry paper money because it is hassle and some store can be pay thru wechat pay, alipay, gcash from PH and paymaya.
But if i wkll receive casb then i will convert it to a crypto since i much prefer buying paperless and doesn't want tocarry paper money because it is hassle and some store can be pay thru wechat pay, alipay, gcash from PH and paymaya.
October 27, 2019, 06:31:33 PM
Its surprising to know that many people now prefer digital currency rather than cash. But it would be better if the poll were conducted not in any social media platform/online to see if ordinary people are aware of this technology, we can get much reliable result through that.
As a crypto enthusiast of course I will prefer digital currency, easy to make transactions and convenient in my part. Nevertheless any form of gift would be priceless so I will be thankful if someone remembered me.
As a crypto enthusiast of course I will prefer digital currency, easy to make transactions and convenient in my part. Nevertheless any form of gift would be priceless so I will be thankful if someone remembered me.
October 27, 2019, 06:31:20 PM
Being a crypto ethusiasm of course I choose digital currency I want to receive as gift in this Christmas season, As crypto ethusiasm I know the important of digital currency, but if the gifter guve me a cash miney I appreciate also I use cash miney to buy digital currency as my investment so both are welcome for me.
October 27, 2019, 06:24:03 PM
Always digital so I do not have to handle anything. Money is good too since it is accepted everywhere but being able to send someone funds digitally us much better. We going to use it to buy digital things anyway.
I am shocked that it is a tweet from the bank of England.
Nice, coming from Bank of England's twitter account. I think those people that participated in that survey are wiser the time around and want to try out something new to receive their gift.
Instead of having cash as a gift, they would prefer to have it through digital currency so that it won't be too hassle for them to get in. I hope that they will conduct another survey.
Instead of having cash as a gift, they would prefer to have it through digital currency so that it won't be too hassle for them to get in. I hope that they will conduct another survey.
I am shocked that it is a tweet from the bank of England.
October 27, 2019, 05:59:32 PM
If it was up to me to choose then I would choose crypto.
It is not a hard decision knowing that here you can easilly convert crypto to cash (there are many local buyers) but converting cash to crypto is not that easy. My country is banned by most exchanges that accept cash. Hence, I wouldn't miss any opportunity to get more cryptocurrencies.
It is not a hard decision knowing that here you can easilly convert crypto to cash (there are many local buyers) but converting cash to crypto is not that easy. My country is banned by most exchanges that accept cash. Hence, I wouldn't miss any opportunity to get more cryptocurrencies.
October 27, 2019, 03:30:35 PM
People are increasingly attracted to receiving money in digital form.
The interest in digital cash is a glimpse into the future. The way we exchange funds in the global marketplace is shifting.
This could open a broader path for cryptocurrencies as a medium of exchange.
Time will tell. Now is the time to position.
They are doing their survey on the digital media platform. The result may vary if they survey physically either on the street or door to door. I think then more people will prefer cash instead of any other.
personally I am a supporter of digital currency but when someone gifting me I prefer cash.
October 27, 2019, 02:50:06 PM
Nice, coming from Bank of England's twitter account. I think those people that participated in that survey are wiser the time around and want to try out something new to receive their gift.
Instead of having cash as a gift, they would prefer to have it through digital currency so that it won't be too hassle for them to get in. I hope that they will conduct another survey.
Instead of having cash as a gift, they would prefer to have it through digital currency so that it won't be too hassle for them to get in. I hope that they will conduct another survey.
October 27, 2019, 02:08:28 PM
There are so many people who would like to choose digital money. Things are not exactly the same of the past now. Every day, more people get to know about digital money and its advantages compared to cash.
October 27, 2019, 01:24:02 PM
I prefer digital because if I get it I can play it back like it is reinvested in order to get maximum profit, but it's not wrong to get it in cash can be for sudden needs, but my main choice is digital
October 27, 2019, 10:12:40 AM
I am a very big supporter of Crypto currencies, but I have to be honest... if given the choice, I would prefer getting cash as a gift. The reason for this is simple, because most cash gifts gives you more flexibility. You can use that cash on something, where they do not accept Bitcoin as a payment option and it is virtually "tax free"
You can still convert the cash to Bitcoin, if you want to .... but most gift cards can just be spend at the merchant where it was bought.
So, yes Cash is still King with me. 
You can still convert the cash to Bitcoin, if you want to .... but most gift cards can just be spend at the merchant where it was bought.
So, yes Cash is still King with me. Cash won't gain 30% in a day. It's more boring. When you get Bitcoin there's this excitement. What is it, how does it work? And when you know there's another excitement like you now have an investment not just a dollar bill but something you can hide and something that could be worth twice more next year.
Cryptocurrency is a much better gift. It teaches us so many things. Patience, inner workings of markets, economics, trading, security.
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