Topic: Why Bitcoin is better than Cash. - page 68. (Read 13801 times)
Bitcoins have the advantage compared to cash cause they are not made in a place and their value almost never declines. It's a standard currency that might not be so well know yet but can't be easily controled by others since it's an all digital type of money.
Bitcoin and cash will go side by side where we will still need both types of financial forms. each will have more value so if you have to compare between bitcoin and cash I think we really need both. because both of them include financial things which is of course very decisive for the needs of our lives. excess bitcoin is of course bitcoin is a very profitable investment form for us. while cash is a tool for us to meet the needs of life kitasehari days for example to shop, electricity and other payments.
What are the reasons, why people use Cash or Credit Cards / ATM / Banks?
~ Cash is more anonymous than Bitcoin, so it is better suited to be used for money laundering and drugs
~ Cash is excepted everywhere
~ Cash is easier to understand
~ Cash is easier to counterfeit
~ Credit cards can be stolen
~ Credit card information are stored online and it is a favourite source of income for hackers.
~ Fiat ATM's is everywhere you look. < There are only few Bitcoin ATM's in every city >
~ Banks offer consumer protection < transaction reversal & theft cover >
Each of these technologies have it's advantages and disadvantages.
No matter the benefits of bitcoin, it can not take the place of fiat. In most countries, bitcoin is used or generally accepted so also in other countries, bitcoin is not accepted. It's verse versa.
There is no need of depicting that much reasons for bitcoin here. We all know that bitcoins value is what drives every crypto lover very crazy about it. Obviously whatever you have listed here is the adavsbtage for us and who know many major changes might just take place in the near future. Long live bitcoin and be better than everything else.
The number one reason for me, why bitcoin is better than cash is that bitcoin has faster transactions. I really do like the way bitcoin is used, although the transaction fees now are getting bigger, next time I'm going to withdraw, might as well get larger amounts for safer fees.
I think bitcoins have more features but it has disadvantages same can be said for cash it has some strong and weak points.Currently cash is all over the world beating cash would not be possible at least not in this century even though cash is powerful but bitcoins are the future as they are decentralised which means power over Bitcoins is of the users not any government or anything.Large amount of transactions take only hours or minutes depends on fees whereas in cash it can take days as it has to go through lots of process.I think cash is good for small transactions which is one of the disadvantge of bitcoins small transactions.
Bitcoin is more useful than cash, and also easy for transactions and payments. It's like virtual money, you do not need to pay taxes, and you could easily transfer large amount, unlike cash, there is a risk in transactions when it comes large amount.
Well, I think bitcoin is more useful than cash but I guess both of them has disadvantages and advantages. In addition to that, using bitcoin can help you to pay your instantly and you can use it in different kind of transaction on online but you can't use it in offline. Lastly, they think that bitcoin is better than cash because it is decentralized and you ca manage your own bitcoin. Reasons why BITCOIN is better than CASH
1. You don't need permission to use it. You can use it anytime
2. Bitcoin has no spending limits.
3. You have access to your bitcoin 24/7
4. Lower transaction fees
bitcoin is very convenient and reliable it makes bitcoin very popular and useable for the cash users. Bitcoin is better than cash in the case of safety because bitcoin has its wallets in which you can keep your bitcoin no one will be able to steal your bitcoin. Bitcoin is easy to carry in amount you can carry a lot of bitcoin at the same time in wallet but not the money or cash. You can invest in bitcoin and can earn money from it but not in money or cash so bitcoin is much better than cash. 1. You don't need permission to use it. You can use it anytime
2. Bitcoin has no spending limits.
3. You have access to your bitcoin 24/7
4. Lower transaction fees
Reasons why BITCOIN is better than CASH
1. You don't need permission to use it. You can use it anytime
2. Bitcoin has no spending limits.
3. You have access to your bitcoin 24/7
4. Lower transaction fees
1. You don't need permission to use it. You can use it anytime
2. Bitcoin has no spending limits.
3. You have access to your bitcoin 24/7
4. Lower transaction fees
Bitcoin is better than cash
1. Bitcoin is digital and decentralized, people can send and receive without intermediaries, this gives a better and greater control of your bitcoin and also, since there is no intermediaries therefore, there's a lower transaction fee.
2. Bitcoin can be used for online shopping (definitely easy to use for shopping)
3. Bitcoin is a great tool for investment since it can be easily used all over the world without going through any conversion process.
4. Bitcoin is peer to peer, open, yet secured.
5. There are no boundaries to bitcoin. No third party interventions, no intermediaries.
1. Bitcoin is digital and decentralized, people can send and receive without intermediaries, this gives a better and greater control of your bitcoin and also, since there is no intermediaries therefore, there's a lower transaction fee.
2. Bitcoin can be used for online shopping (definitely easy to use for shopping)
3. Bitcoin is a great tool for investment since it can be easily used all over the world without going through any conversion process.
4. Bitcoin is peer to peer, open, yet secured.
5. There are no boundaries to bitcoin. No third party interventions, no intermediaries.
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.Superiority over all Cryptocurrencies I think all of us really know what is the number one Coin out there and I think no altcoin can ever beat that even though we are experiencing dips right now there is no way the value of bitcoin would surely go down and another coin would conquer over it, and I think a Hard Fork is necessarily to occur because that would surely update bitcoin to the next level.
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.
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.
Reasons on why people use cash or credit cards, ATM and Banks:
- Cash is used everywhere and is seen as the main medium of exchange across the entire world. Every country has its own denomination of cash and the government prohibits the exchange of it;
- Not everyone is knowledgeable and aware about the existence of bitcoins;
- Almost all of the stores, retails, and shops use cash or credit cards as payment for their product or service;
- It is relatively easy to acquire cash compared to bitcoin; and
- NOT EVERYONE HAS ACCESS TO THE INTERNET ESPECIALLY SOME DEVELOPING COUNTRIES
Though we all know that bitcoin may be superior in terms of its value, cash is still the most relevant exchange around the world. People may see bitcoin as emergency cash or investment, but the fact still remains that it serves as payment for our future needs. You are definitely right about the advantages of bitcoin compared to cash but implementing the system of bitcoin as the main medium of exchange may potentially destroy the economy of some countries due to its nature being hard to regulate and on the internet itself.
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. 
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.
You said was right and this post should really be on the forum or any other place on which people didnt even know on what is bitcoin because on here most people do really know already on the usage and benefit of bitcoin and it is really much better compared to cash regarding on making online payments with less fees which people would really love to use and not only that you can able to make money on it too. 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.
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.
- It is true BTC works all the time, but look at long confirmation times and possible technical difficulties people might experience while using bitcoin 100% transparency is not good for everyone either.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.
- We can keep money in the bank, it is comparable, we don't need to keep it stored in our basement
- There are fees for every bitcoin transacion which pretty much negates bitcoin microtransaction potential
- It is still not basic feature of BTC and not something everyone can use
- I would like to see that 0 confirmation time transactions introduced and working for every single tx
This forum is mostly attended by people who already know about the advantages of bitcoin, and the rest may not even have the Internet to use it and they are forced to use cash.
Bitcoin is better than cash because it is a all in one tool. We can use it as a money for payments and also as an instrument for investing and we can also do a lot of things with bitcoin like using it as a capital for trading some of the other or alternative cryptocurrency in the market to bring more profits and for the best thing that i like is, the price of bitcoin is not stable and in long term chart it shows that the price of bitcoin is constantly moving up and that is why it is the best currency for me.
first you can transfer huge money without tracking where it goes. Small transaction fees. IMO bitcoin is better than cash as right now many business and industry accepting bitcoin. but if government will go inside bitcoin and legalized it there are regulations and tax.
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.
Bitcoin is better than cash.Yes it is very true.Because you only need internet connection to spend those bitcoins. No need confirmation from the other part. We can also spend our bitcoins fast and secured. You just need to provide private key or password for your bitcoin account. And also with bitcoins, the value of our money increases while in cash our money just remains idle. 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.
Jump to: