Topic: Why Bitcoin is better than Cash. - page 60. (Read 13787 times)

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

The global interest for bitcoins is increasing every year as people find bitcoin better than fiat currencies. The user's have complete ownership of their bitcoins and no one has control over it as this is a decentralised network, bitcoins can transferred easily to any part of world without any hinderences or third party involvement.  This cryptocurrency can eliminate identity theft and fraudulent activities happening with fiat currencies, there is no need to carry money on hand when you have your bitcoins on your  wallet. Bitcoin can be used for travelling worldwide without having to think of converting to other currencies, this cryptocurrency can bought through online exchanges and through bitcoin ATM. Online shopping can be done by using this cryptocurrency, bitcoin is a good tool of long term investments and duplication is not possible with bitcoins unlike fiat currencies.

Because there is not a sudden fall of the own country currency by the political  uncertainty of the country.

The best one、the speed of the remittance and the inexpensiveness of  Remittance charge attractive.

In some cases the use of bitcoin is better than cash, for example is for online transactions, bitcoin payments faster, better and more secure than cash, western union or bank transfer.

Bitcoin is better than cash because the value of bitcoin is still increasing  but the cash is stable but its good if you collect bitcoin that real money becuase if you have a lot of bitcoin you can convert it into a real money so that's why it's good to earn bitcoin than cash or money.

and besides that we can minimize the crime rate if we save our money in the form of bitcoin.
because how much bitcoin we carry can not be seen by anyone
while the other with fiat money.
the more we carry will make our bags more bulging.
this is what I mean to invite criminality.
karen in today's evil is increasingly becoming,
not only a hideout robbery, in public there can be a robbery.
whereas if we use bitcoin we can minimize this

That is true. Bitcoin gives us a chance to hold a lot of money without any trouble. Unlike bitcoin, you will require a bigger space if you want to have more money. Cash is not the same as bitcoin and because of that, it is more inconvenient than bitcoin in many ways

It's because it's more convenient to have bitcoin, it's easier to have bitcoin because if you have a lot of money, you need a bigger pocket. Unlike if you have a lot of bitcoin, you don't need to carry it anywhere. So, I think having bitcoin is safer than having cash on hand.

Cash is better in one way, and one way only tat I can think of. It is very, very easy to spend cash - just hold out your hand and hand over the cash money. Bitcoin requires a smartphone or device of some sort, internet, and in general is a bit harder to transact (no pun intended ).

Bitcoin can be spent and transmitted at any time, whether it's a working day or a day off, and not to tell anyone.

That's why it's much better than cash, investing in cryptos or in btc guarantees a ling term investments brtter than a physical bank investment or business investment since even by holding it we can actually earn as time passed by.

I really did like all your calculations and first and foremost thing you have to remember is that crypto currency market is a new thing which is less than ten years old and you have to be amazed by the way it is growing in a very few short years and if you compare the stock market which is there for more than a century ,you really cannot compare these two markets,your calculation about the entire bitcoin market is true according to the current price,who knows what the price would be per coin ten years from now and that is the difference .

In addition to the volatility is too strong, compared to gold and Bitcoin also have another limp. For example, in the technology industry, no one thinks that an Apple stock (currently priced at $ 155) and a share of Acuity Brands ($ 178) is an issue. . Acuity currently has a market cap of $ 7.9 billion, while Apple has a market cap of $ 814 billion and is the world's largest listed company by market cap. No one says that an Acuity Brands shares more than one Apple stock.

Bitcoin is made up of algorithms that are set up to make it harder for Bitcoin to dig. At the same time, the total number of generated Bitcoins should never exceed 21 million. When the total number of Bitcoins in circulation reaches 21 million (estimated at some time after 2110), its total value is only $ 39 billion if the current price is kept. Meanwhile, according to the World Gold Council, the total amount of gold traded is about 6 billion ounces, or $ 7,300 billion at current prices.

In other words, to say that Bitcoin is more expensive than gold, a Bitcoin will cost $ 347,000.

You also have no need to declare that how much bitcoins you have with yourself in the customs department, so it is quiet handy for a shopper who travels abroad for cheap electronics or other items. Also that most of the people are shifting from real stores to e-commerce websites so there also online currency become handy and the most important feature of crypto is borderless transfer of value as it takes quiet someone for international transfer but in bitcoin it happens instantaneously so I prefer bitcoin more just because of it's advantages over cash.

I agree, beside that, In fiat currency, the government can create more money because they 'just said so', but in crypto-currency's designed as Bitcoin is, you can't create more money like that, because the system has an upper limit. In a fiat currency, you have notes and coins in your pocket, and numbers on a computer in a bank. If the government wanted to, they can create more coins, notes and numbers, which would have the effect of magically taking value away from your pockets. In a currency like Bitcoin, this can never happen, because more cannot be manufactured. This is why we say "Bitcoins are mined" instead of "Bitcoins are minted", because the Bitcoins already exist, they just need to be secured. But coins and notes don't already exist, and they are manufactured by decree using standard materials that are abundant throughout the planet.

Yes bitcoin is better that cash,because compare to bitcoin in the banks the interest rates are low, with bitcoin it is increasing every year. And very much safer in terms of robbery, and if you travel you don't need to change your money from time to time. Since bitcoin is digital currency just pay your bills online it is very much safer, because you will not disclose your bank details.

Same thing here, Bitcoin is better than cash in terms of investment because bitcoin fluctuates its value and most of the time its more in increasing rather than decreasing.While in cash , if you invest in a bank for long term you feel nothing because you'll only get  few percent  income of your money. You're just wasting your time.

Bitcoin might be better in cash in terms of portability and security since you won't have go carry a wallet anymore but it's value is it's dark point because cash is stable wheras bitcoin is very volatile

Yes its true both of them are same but bitcoin is little different then cash because it’s a digital currency and its also easy to carry and also its safe and sound there is no threat of robbery and the most important thing is his price is high as compare to any other country and you and do daily trade here as well as you can invest here also.

Yes Bitcoin is better than cash, cash is useless when you save your money in the banks for a long term, then if you save bitcoin in your hard wallet the price of bitcoin will increase if you put it longer for 3-5 years, while fiat money will remain the same put it in the bank then wait for 3-5 years still the same amount.