Why Bitcoin is better than Cash. - page 27.

esprit man

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Quote from: Xenoph0bia on September 04, 2017, 01:31:09 AM

Its always good to count the the advantages of bitcoins; Yes, I also think that bitcoins is much better than cash. But I think there is a need for mass awareness regarding these benefits among the people who are not familiar with the bitcoins.

Yes.
Bitcoin well at all times from cash. It's transportation facilities are good. If you earn the cash, then the government is accountable to where it is going to be. If it is not legal in your country, then no taxes will be paid to the government. We can deal with a low fee. If we keep the current money, the amount of money will be maintained at all times. If you keep in bitcoin then the money will increase. If I want to carry cash, there is a lot of risk. Such as stealing or looting. I can carry any quantity of Bitcoins in my Bitcoin wallet. No one will be able to verify how much money is being paid by Bitcoin.

cliffdex

newbie

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Bitcoin is the fastest growing currency in the crypto-market, it helps to bulk cash can be compressed at exchange for bitcoin and there is no Government agency monitoring your crypocurrency transactions as banks monitor your cash, meanwhile bitcoin is volatile but far more better than cash.

danggoron

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Quote from: patz22 on January 17, 2018, 12:47:17 AM

I'd rather hold both of them, I know there's a lot of benefits of holding bitcoin instead of cash for ex. if you have cash or money in the bank it will take time to gain interest but if you are holding bitcoin for sure you will earn something or lose just little amount. The reason why I also want to hold cash its because in our country not all merchant accepts crypto/BTC and if there are emergencies or needs I can use my cash in hand.

That's a wise choice. Although bitcoin is very profitable, we still need cash at certain times. For example when there is no internet connection. In addition, although later bitcoin is legal, the government still has its own reserve currency as a form of sovereignty.

zzxswqq

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Quote from: moli1 on January 14, 2018, 05:37:05 AM

What an incredible year 2017 was for cryptocurrencies. Having begun the year with a combined market cap of less than $18 billion, the aggregate value of all virtual currencies by year's end hit $613 billion, representing a better than 3,300% increase.
Cryptocurrencies soared even more to begin 2018, hitting an all-time aggregate market cap high of $836 billion on Jan. 5, before losing a little bit of steam.
These are essentially lifetime gains for investors that have been crammed into a span of just 52 to 53 weeks!
Yet, what's really interesting is that bitcoin, the world's most valuable and popular cryptocurrency, wasn't a primary focus in 2017. Rather than investors flocking to bitcoin, the goal among digital currency investors became to find the next bitcoin.
As a result, a number of burgeoning cryptocurrencies ran circles around bitcoin last year.
In particular, Ethereum, Ripp, Litecoin, and Dash were veritably unstoppable, with respective gains of 9,383%, 36,564%, 5,260%, and 9,282%!

Even if the internet is filtered VPNs can allow you to use cryptocurrency and BITCOIN not matter where you go in the world though

piter66

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Quote from: dx_twisted on January 13, 2018, 09:16:32 PM

Quote from: ?? on ??

Digital money always has more potential than cash or paper money. It is used all over the world.

Not definitely, there are countries who doesn't have access with internet. Even if they do, there are sites that were being banned, others have restrictions. Large nations such as China were keen to banned cryrptocurrencies, Bitcoin in general. And with China's population that is over a billion, that's 1/4 of the world market cryptos were losing. As long the awareness of general public increasea, there are institutions, financial and governments that will take such actions for Bitcoin to not take fully over with fiat money. Yes, the potential with cryptocurrencies is given, but as long there are people who don't have any interest with everything going digital, cash or physical money will still be better than Bitcoin.

A lot of people trust banks over BITCOIN and cryptocurrency thanks to the assets backing fiat vs cryptocurrency

morrisby25

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Quote from: ross09 on January 13, 2018, 09:04:41 PM

Quote from: calandra78 on September 04, 2017, 06:23:53 AM

Quote from: Wingo on September 04, 2017, 01:39:31 AM

It is always better, digital currency has a lot more potential than the physical cash or the paper currency. The problem is that bitcoin is not legalized in all countries and its use to everyday living is limited.

Yes it is true that bitcoin is a digital currency that is supported by the blockchain so it has a pretty strong security and are more likely to develop. miners and developers concerned with bitcoin forming hard or fork called bitcoin cash working transparently. It also has raised concerns about the security of the bitcoin cash. so safety is superior in the bitcoin.

Bitcoin is digital and decentralized...With Bitcoin people get the liberty to exchange value without intermediaries which translate to greater control of funds and lower fees. It’s faster, cheaper, more secure and immutable. Cash is controlled by banks while bitcoin has owners.Less volatile than cash: Bitcoin has a global acceptance and is less volatile than cash / local currency. Due to this feature, it becomes easier to conduct transactions across boundaries and online more importantly Duplication impossible... There is no way of duplicating a bitcoin, unlike cash...

Cash like USD and EUR is accepted in more places than BITCOIN or any other cryptocurrency out there in the world

sucix

member

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Quote from: guy_wonderful on September 03, 2017, 05:06:44 PM

* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.

I dont want comment about the other and i want to concern this fee issue only.
I dont understand why people said bitcoin has no fee. Fee of sending bitcoin is really high recently. So how people want to use bitcoin if the fee is very high like this?
This is the advantage of bitcoin which really affect to bitcoin price. I hope this issue can be solved soon.

FarmingCoins

newbie

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I think that Bitcoin is better than cash because is decentralized, the fact that we really don't own the paper money we have, is just amazing.

PatronRH

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Bitcoin is better than cash simply because transactions atr so secure they are anonymous and instantaneous so you won't be afraid of getting stolen or people knowing whar you are buying or anything rather than that the price of bitcoin is exploding righ now so if you invest a little in it you will for sure make a lot of money.

Df9898

newbie

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because bitcoin have a high value and world know about bitcoin

CryptoZ7

newbie

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Bitcoin just makes it easier for its users to store their wealth in the grip. It can be termed as the international version of local cash. Any cash transaction needs to governed by the protocols of the currency. On the contrary transaction using bitcoin is free of tax and you could easily transfer large amount without the risk in transactions. It could also be termed as virtual cash and hence be more useful than cash. Hence, you could use you bitcoin wallet and carry virtually infinite money without the fear of the exposing the limits.

Anak Gamers

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i think bitcoin has some special features that identify bitcoin as a better then cash, in our community cash in only using for the daily porpose but bitcoin has some extra features whose are really exciting for many of us, bitcoin makes it easy for us to transact, in the absence of tax deductions, wholly it belongs to us.

CowboyKiller

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Quote from: patz22 on January 17, 2018, 12:47:17 AM

I'd rather hold both of them, I know there's a lot of benefits of holding bitcoin instead of cash for ex. if you have cash or money in the bank it will take time to gain interest but if you are holding bitcoin for sure you will earn something or lose just little amount. The reason why I also want to hold cash its because in our country not all merchant accepts crypto/BTC and if there are emergencies or needs I can use my cash in hand.

You do not need to exchange 100% your capital to cryptocurrency, but to be honest, I think you should put 60% for cryptocurrency if you only want to use crypto and FIAT. However, if you want to saving in gold and real estate or just simply use for your business, 30-40% is enough for your investment.

unsquidly

member

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Bitcoin is better than money. For our bitcoin income, we can not pay taxes unless there are regulations in certain countries. With bitcoin, we can easily send large amounts of money at a very affordable cost with high quality. With bitcoin, the value of our money increases, and our money can be kept.

newb-dev

full member

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People still use cash because they need it. Unfortunately I think it will take few years for bitcoin to completely replace cash

klser

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When you travel there is a limit to carry certain amount of cash and there is always a risk of loosing money or getting stolen or robbed but you can carry any amount of bitcoins in your bitcoin wallet and no one will come to know your carrying amount of money.

cryptojoe

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Because cash does not have any prospects.

dr.cheema

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the world's largest cryptocurrency dived as low as $9,199.59 today according to CoinDesk...the last time bitcoin fell below the $10,000 mark was November 30... more than $30 billion was shaved off the cryptocurrency's market value in the last 24 hours.

patz22

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I'd rather hold both of them, I know there's a lot of benefits of holding bitcoin instead of cash for ex. if you have cash or money in the bank it will take time to gain interest but if you are holding bitcoin for sure you will earn something or lose just little amount. The reason why I also want to hold cash its because in our country not all merchant accepts crypto/BTC and if there are emergencies or needs I can use my cash in hand.

boddy.dy

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In my side I can’t say that bitcoin is better than cash but there are some advantage of bitcoin. In bitcoin it can be accept in a blink from one country to other country. In bitcoin its prize can go up and down unlike with cash or money that has a fix value. Bitcoin can’t be fake unlike with money which is a form of paper or coin that can be fake or imitate. Also in this modern word, people are much prepared with online payment which bitcoin open with, unlike money that it must be paid personally or must be deposit on banks or remittances center.

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