Why Bitcoin is better than Cash. - page 38.

teamcryptonator

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Quote from: alexsandria on November 24, 2017, 12:50:31 PM

Quote from: Josepht on September 03, 2017, 05:11:05 PM

Cool that you're posting this here, but I don't think this is the right place. Most people who come here already know the advantages of bitcoin.

You probably should post it on a 'regular' forum where people don't know about bitcoin. It's better to spread awareness there then here.
Telling your friends/family also works better than posting here.

We all know that before you invest your money you have to convert your cash to bitcoin. And this Bitcoin is a kind of cryptocurrency which means "Digital Money" that has its own advantage. Its flexibilty that brings us to earn money through mobile phone or computer and internet. It is affordable to any customer of bitcoin user.

Crypto-currency is currency used the blockchain technology and does not depend on anyone as master, owner, controller ... It depends on all users of system and more users, the security of this system can grow more and become perfect 100% is possible. Nothing can attack this system. While, digital currencies controlled by third person or services and affected by the rule of government.

mahimonliner

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Bitcoin is great, and its far better thn cash, but bitcoin wont use for everything or wont remove fiat because of its high transaction fees and government will not allow bitcoin at all because they will not benefited from bitcoin they miss the tax which they earn from fiat.

Weaklies

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Bitcoin is always better than cash.For our bitcoin earnings,we are not accountable to government and we need not have to pay taxes unless it is legalized in the particular country.With bitcoin,we could easily send huge amounts of money with very low fee at high speed. Lips sealed

alexsandria

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Quote from: Josepht on September 03, 2017, 05:11:05 PM

Cool that you're posting this here, but I don't think this is the right place. Most people who come here already know the advantages of bitcoin.

You probably should post it on a 'regular' forum where people don't know about bitcoin. It's better to spread awareness there then here.
Telling your friends/family also works better than posting here.

We all know that before you invest your money you have to convert your cash to bitcoin. And this Bitcoin is a kind of cryptocurrency which means "Digital Money" that has its own advantage. Its flexibilty that brings us to earn money through mobile phone or computer and internet. It is affordable to any customer of bitcoin user.

maxim000

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It all comes down to decentralization. A normal man today can control his money that too with high rate of returns and away from fiat inflation. Another aspect to talk is Bitcoin can help in saving million of dollars in remittance fees. There might be a cloggage of pool recently with tons of drama. But fees is comparatively lesser than what banks and Western union charges as fees.

R519sg

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We are all closer to a brighter future. I remember when I was little I watched the movies of the late 80s early 90s as the heroes use bracelets with virtual money or the like. Here is a bitcoin and a smartphone in essence is the future.

jhewlijw

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Bitcoin is digital currency,it is good for online fast transactions.bitcoin better than cash,we can send and receive the money worldwide.bitcoin replace the paper currency.

DewiKirana

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I think people who still use cash, debit cards and credit cards are the constraints of store services that have not provided the option of payment via bitcoin. Besides bitcoin also penyebaranyya uneven, so not many people who understand the benefits of using bitcoin rather than cash, debit cards and credit cards.

thisappointed

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Quote from: tanghere1 on November 24, 2017, 06:10:45 AM

I totally agree with you. But having some cash can be beneficial too. Such example is in case you have an emergency. My point is it couldn't hurt if a cash stash somewhere to be used on emergency purposes.

I agree on you pal, fiat is still the currency that we mostly used but that I'm not saying that fiat is better than bitcoin. My point here is fiat is better in a different way, for example is we could budget it much better because we are not worrying about losing profits since its price is not fluctuating like bitcoin's price, while if we are going to use bitcoin in our everyday need then we could have regrets since its price might even get higher the other day.

cloudbleron18

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

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.

because bitcoin can exchange for more money so theres no reason why bitcoin is better than cash also bitcoin is can be a lot of money

haxker007

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BTC is much more superior to money BTC open a considerable measure of chance for exchanging, venture and the most stunning part is the Blockchain Technology. With respect to me the primary reason is that BTC is the least expensive approach to send global installments. As somebody who works online I've attempted various installment alternatives and BTC is the least expensive. Likewise Anonymity is most essential key

WhoKn0ws

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Well cash in the US is FIAT money nothing but faith on the value of the currency, basically the same as cryptocurrency.
Only downside is that it is not widely accepted for everyday transaction, as well that the verification process if you were to purchase with bitcoin is too long.
Imagine trying to place a fast food order with bitcoin while having to wait an hour for the funds to be confirmed.

BaraxLo

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Quote from: preikaler on November 16, 2017, 11:19:43 AM

I think bitcoin is better because with transactions that can be done wherever and whenever but that when there is internet network. but if cash is only possible in each country and here there are restrictions on usage. so bitcoin is better than cash

I think both have no comparison, each is good in its own way. Yes the bitcoin is available on internet and can be opened using a stable connection, but cash is much more needed than bitcoin in this era because we buy our daily life necessities using cash, very few of sites or shops are ready to accept payment in bitcoin so we have to wait a bit more for bitcoin to replace the cash or other regular currencies

tanghere1

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I totally agree with you. But having some cash can be beneficial too. Such example is in case you have an emergency. My point is it couldn't hurt if a cash stash somewhere to be used on emergency purposes.

ThunderCatSteve

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Bitcoin is better than money as it has complete privateness as compared to cash transactions done from banks.In banks we don't have an entire hold of our money when we deposit it in banking institutions we will be charged for that quantity as well as need to pay yearly taxes if the quantity is big in banking institutions the dealings aren't private .The cash worth doesn't change like bitcoins it just holds the value that is designed in the forex where as bitcoins cost change from time to time based on believe in which is becoming develop by the individuals intrested in it.for bitcoins we do not have to show proof on how we gained that quantity to take a position or just how much bitcoins we hold.it's several other advantages that makes it more better than real life money

Firstly the most important fact is that no one can steal bitcoin. On single click you can make payments. Also there is no way for a third party to intercept transactions of Bitcoins during online payment so no taxes you have to pay. Bitcoin can be used all over the world without going through a conversion process. There is no way of duplicating a bitcoin, unlike cash.Bitcoin transactions are very fast if compared to cash.

Souldream

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Quote from: nagatraju on November 24, 2017, 03:51:18 AM

Here are a few reasons why I would also prefer to use cash - susceptibility and money support, legality, technological independence, it is necessary to make small and instant exchanges, acceptance everywhere.

Well I guess bitcoin is better than cash because it is high value than fiat, let's come think of this, here in our if I convert bitcoin into fiat it would cost almost 32,500.00 in only one bitcoin. So if I have 1 bitcoin I can maximize the value of my money, I can buy many things I need and I want in just 1 bitcoin only. So I think yes bitcoin is better than cash.

Netnox

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Quote from: Snub on November 24, 2017, 04:46:38 AM

BTC can't be better or worse than cash, it is just a different thing, BTC is like stocks, you can invest cash in it, but you still can't buy grocery for BTC

Don't be too sure about it. Although Bitcoin is now treated like an investment asset, if third party payment processors such as BitPay gets popular, it may be used for normal shopping and bill payments. At least in some sectors, it will be able to replace fiat cash. By fiat cash, I don't mean banknotes and coins. Rather, I was referring to PayPal/Visa.

Honest Tim

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

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.

I think bitcoin is a good investment but as much benefits you written, I think they are not as worthy as they looks. Because we can not deny from the fact that still there majority of big brands, organisations and authorities which still not accept bitcoin as a payment or mode of exchanges. As there are several countries which have even ban the bitcoin in their country, many big countries have ban the use of Bitcoin in their country as they are in the threat of what bitcoin will cause damage to their economy. There are several restaurants, where bitcoin is not used as payment method. So I am not fully agree with you. But yes bitcoin has cause an significant effect on the world.

Snub

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BTC can't be better or worse than cash, it is just a different thing, BTC is like stocks, you can invest cash in it, but you still can't buy grocery for BTC

dancingnancy

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Quote from: jeraldskie11 on September 24, 2017, 03:44:16 AM

For my own analysis, it's because the price of bitcoin will increase even in a short period of time unlike cash, its not increasing. So if even you are holding bitcoin you will be earn. There are still many reason like, it is best investing because you can predict your earnings.

It's also more secure than traditional cash and a unique address ensures anonymity within transactions. Cash is more stable and because of the market cap but bitcoin's price is not locked to one point volatility is it's boon and bane. It's also a better investment as cash in banks accrue lower interest compared to to btc.

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