Topic: Why Bitcoin is better than Cash. - page 15. (Read 13786 times)

Yes, this is true that bitcoin has many benefits and easy to use. But not all use it. There are still many people use the cash because it is accustomed. And many people know nothing about btc.

bitcoin is a source of investment                but cash is a medium of exchange
value of bitcoin may rise or fall                  but value of cash still the same
we convert bitcoins into cash                     but cash can't be converted into bitcoins

bitcoin is helpful to buying of everything and without cash u can play the game like gambling in casino

Bitcoin is way better than cash because of the fact that everything these days is ran through the internet. Most of the things that we do like communication and shopping can be done through the use of internet, and what better way to innovate the system than to start using something that is built for the internet.

We all know that we still need cash, but sometimes i can say that bitcoin is better than cash specially during travels or during times when we go to a unfamiliar place alone, you will no longer be afraid on bringing large amount of cash with you.

well, maybe just because we have been accustomed to using cash, so bitcoin looks not much better than cash. but some people think that bitcoin is still better than cash. for now, I feel that cash is better because of its ease of use.

One of the biggest deterrents for new people when it comes to buying bitcoin is the idea that it’s not ‘safe’.

The mainstream press continues to air scaremongering headlines that suggest bitcoin is either fuelling a bubble, or that, every time ‘hackers’ attack a bitcoin exchange, it’s for criminal purposes.

They repeat the idea that bitcoin isn’t safe because you can’t hold it in your hands. It’s nothing more than ones and zeroes, they say.

However HOW IS BITCOIN BETTER THAN NORMAL CURRENCY?
Let’s take a deeper look and compare it to classic (fiat) currencies.

 - Volatility:
It may seem, that Bitcoin is too volatile and the price jumps like crazy
Compared to USD, EUR, GBP - Yes
Compared to the currency of Ukraine, Argentina and dozens of other currencies it’s much better

 - Value:
Bitcoin is deflational
This means, that supply is limited and noone can just print more money
In the USSR there was a day, when the goverment decided to divide the value of it’s official currency by 10. With Bitcoin it’s not possible

 - Transaction fees:
Western union or other similar services usually take 1–5% for a transfer of money
With the Bitcoin the usual transaction fee is a couple of cents and you can even pay less if you’re not in a hurry
 
- Portability:
As long as you are able to store 256 bits you can have bitcoins
You can write the key at the piece of paper or even remember it

 - Transferability:
The usual transaction time is negligible (<1s)
But if your transaction is extremely important you need to wait for 6 blocks (6 confirmations) which is usually around 1 hour

 - Security:
If your bank goes down - you’re screwed
In Bitcoin nothing can go wrong except that you can loose the key

 - Deniability:
The bank is a single point of failure
If your bank goes down - you’re screwed
Bitcoin has a distributed nature, which makes it extremely resilient to different types of attacks
 
- Divisibility:
You can have/buy/transfer as little as ~0.0000071411 USD (at current price) in Bitcoin.
It’s the smalest unit and it equals to 0.00000001 BTC

If you want to rea more visit:
http://www.bitcoinnotbombs.com/10-ways-bitcoin-trumps-fiat-currency/

I don't think so that BTC batter then cash but in my life I prefer to use card money. its easy to use now and get some discount program. BTC did't popular now and price did't fix. Best way to hold or trade Bitcoin. maybe in future marker price correction stabilize and mi mind changed.

I never think that bitcoin is better than cash. I know bitcoin is great as virtual or digital money but it not reference to make it better than cash. Both bitcoin and cash money have each advantages and disadvantages. Thats my opinion.

Yes, it is good to dream about the future wealth ... But there are no miracles, and the sharp upsets of bitcoin cost are accompanied by no less sharp kickbacks. At bitkoyn millionaire at the beginning of this year to May is less than half a million.

Bitcoin is constantly superior to cash.For our bitcoin earnings,we are not responsible to government and we require not need to pay charges unless it is legitimized in the specific country.With bitcoin,we could without much of a stretch send enormous measures of cash with low expense at high speed.With bitcoin,our cash esteem increases,but with cash,our cash just stays sit out of gear.

It is indeed better than money. You can access everything online anytime as long as you have internet connection. The bills can be paid online using bitcoin as well. The technology helps a lot with the development of bitcoin and the money transfer as well.

That's one of the reasons why Bitcoin is better than cash. Also, Bitcoin is better than cash because of its value; the value of Bitcoin is getting higher so it is good to be an investment.

Bitcoin is better than money because bitcoins can be transferred easily all throughout the world without a third party situation like the banks, and if you need to pay bills, the transaction is very easy,faster.

One of the reason why it is better that is that it is accessible anytime by anyone at anywhere, because of the blockchain technology it is made easy for us to access those coins in case we'll need in due time, hassle free and stress free transaction is just one result it may cause to us.

If bitcoin the time will come that it will legally adopted by the business sector of each country then it is better to have bitcoin than cash but it can only be transacted in areas which is highly urbanized places because yuo need to transact using the internet , in rural and provincial places in any part of the world, cash will be needed other than bitcoin.

It is better because bitcoin is an asset, it has the value that grows, and it is stored in own account where in you can access anytime and anywhere you want.

Bitcoin is not under authority control yet. I don’t try to support illegal activity with the use of Bitcoin but in many countries it is really a problem to start business, earn money. A problem of inflation is there too.

Bitcoin is better than cash at some instance and in some cases cash gets the priority. As it is decentralized and completely digital bitcoin doesn't need to be carried but can be accessed from any corner of the world, same time as it is completely functional on interconnected platform it has got high risk whereas such risk is not there with cash

Of course bitcoin is far better than cash; take for instance you can compare the risk in trading paper currency to that of crypto currency like bitcoin. The risk of trading paper currency is higher. And bitcoin is making people richer by the day than forex.