Why Bitcoin is better than Cash. - page 66.

KnightElite

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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.

Yeah that is true. That's why the bitcoin is created. Bitcoim is now better to use than cash because it has more security than cash. Bitcoin is our future money and I know that all of the people will use it in the future.

Granxis

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The validity of the cash can be known for a long time. Except for the dollar a constantly updated version of the other currencies is coming out. It also loses value for money against inflation. there are many disadvantages of cash money.

yugyug

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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.

Statements:
1. True
2. True
3. False, i beg to disagree since it is based on blockchain network via online transaction, a minimal network transaction is required
4. True
5. False, since bitcoin transaction process as fast as 7 transaction per second and with over a thousands of daily transaction so confirmation time takes more than an hour.
6. True
7. Partially true, retails and merchant adaption is still not widely applicable ,techpreneur has an advantage of bitcoins and some old-fashioned traditional enterpreneur will take some time to adapt this technology.
9. No terminal fees but we must need online blockchain network to signed your transactions so there is still a fee.
10. True
11. some countries need KYC and AMLC compliant to operate bitcoin based gambling, tading and bank transactions.

Jahanam

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For some transactions such as cash may be better than bitcoin, but in general bitcoin is better than cash because it can be a long-term investment.

soulepek

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Bitcoin is alway's better than cash , because if you have money you can buy immediatley you want. But if you have bitcoin you can gain more money than you have in cash in easy way , and if you have bitcoin your money can get double if you want and your dream can get success if you focus in bitcoin anything that you want you can get in bitcoin. That's bitcoin is alway's better than cash.

i287853

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Quote from: guy_wonderful on September 03, 2017, 05:12:52 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.

okay. thx for the note mate. I wonder if there any other benefits of crypto, as I wrote above?

Aside from the benefits posted above, most of which are the more technical benefits about bitcoin, practically we can say its better when it comes to security especially when your on a bad area or highrisk country. You can be mugged or held at gunpoint, forced to give your cash or make withdrawals with your cards, but i doubt if any street thugs would ask you if you have bitcoins.

kimochidesh

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No Doubt it gives ease and privacy to our transaction that why it is growing like anything. But it is only suitable for big transaction coz if you want to transfer small amt. say $1, it will charge you nearly 50% fees. So people will not prefer it to buy daily use items like grocery, ice cream etc

JamesIV

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Quote from: josephinerosdy on September 24, 2017, 04:12:09 AM

both is different.
bitcoin is asset not for buy something. just for makes profit and money for life necessities.

we aim to make bitcoin replace cash. not just asset. bitcoin price need stable to have accept from many people

lalunalaguna

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Quote from: filharvey on September 03, 2017, 07:45:27 PM

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.With bitcoin,our money value increases,but with cash,our money just remains idle.

Yes it is bitcoin is better than cash in the sense that it is volatile it may raise its own value and the profit is yours, but lets accept the fact that it still have limits that we should deal with, most of the contries dont legalized bitcoin yet so we can say that it is not acceptable to be as payment for most of the trading and exportings product worldwide, dollars, euro and other currencies still being used for the payments in which higher position is working on oit and some of the contries review the potentials and capabilities of bitcoin and how can this system imprive the exonomy in each states and its future contributions.

prettyij

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There are no boundaries to Bitcoin or cryptocurrency. No exchange values and no third party interventions. Bitcoin allows seamless transactions across nations with a ledger getting maintained at the backend.

Wesimon

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I choose bitcoin over cash because when you save bitcoin it will profit unlike in cash if you kept it, it will remain the same. Even if you invest it in the bank the interest you will get is so small. That's only one of the many reasons why bitcoin is better than cash. Your success in bitcoin is faster when you invest to it.

Chienna

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For me bitcoin is better than cash because it is easy to access. Less hassle if you're going to somewhere. We know that bitcoin is virtual currency so it is easy to bring anywhere. Also, bitcoin has no TAX that we need to pay, it's xtra saving for us.

Gru minions

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Obviously Bit coin is better than Cash Because it contains no VAT or Tax. It can be earn via online easily.

josephinerosdy

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both is different.
bitcoin is asset not for buy something. just for makes profit and money for life necessities.

Images21

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For me, the greatest reason why bitcoin is way better than cash is that the value of BTC is growing fast over time. Cash, any cash currency for that matter, only grow smaller and smaller in value over time because of inflation. BTC does not have to undergo that.

n0ne

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Every user doesn't have the same thinking that bitcoin is better than cash. It varies according to the person as well based on the user expectations. Some focus into profiting, for them bitcoin is the right choice. Likewise some need the ease of accessing, for those people cash is the right pick. In such a manner in one way bitcoin and the other way cash gets it's importance.

chichan13

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Quote from: filharvey on September 03, 2017, 07:45:27 PM

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.With bitcoin,our money value increases,but with cash,our money just remains idle.

We all know that bitcoin and cash has own advantages and disadvantages. They says that bitcoin is better than cash because it can be use in different kind of transactions. Some people says that cash is better than bitcoin because it is widely use in other country and it is 100% use in offline store. Lastly, I think bitcoin and cash is very important to us.

jeraldskie11

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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.

Pakboy

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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 don't think so that the bitcoin is more better than the cash. Bitcoin can't surpass the cash because it doesn't have enough power and many people are still prefer to use cash than bitcoins.

raymart0720

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you also need to look for the disadvantages of this
It is like GIVE AND TAKE you know?

bitcoin transaction need fees like if you trade or exchange for the websites etc you are using

I think the advantage appropriate is lower fees rather than banking hehehehehehe
collect bitcoin and invest it to something and not like non important things and stuffs like that

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