Topic: Why Bitcoin is better than Cash. - page 69. (Read 13787 times)
Currently both of them it's important for daily life when you invest both in right way you can getting more profits
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.
legalization bitcoin is not necessary for him to be free to use. In many countries, the crypto currency is not legalized, but it does not prohibit it from being used privately.
But it is often easier for us to use cash than by crypto currency. But soon this problem will be solved, because the popularity of crypto currency is growing
I always think that a cashless is always better than cash. first, I love to do every single of my transaction with debit card than a cash, even since I know bitcoin technology. But the problem is in my country , there still a few merchant that accept it. of course, I'll move on to bitcoin if its already accepted in whole market place. btw, I know some point, why I think cashless is better than cash because :
- Easy to bring, just need 1 card or smartphone (for example)
- you'll always pay with fixed price
- You're safe from thieves / pickpockets
- Practice.
yeah i totaly agree. because you only need internet connection to spend it. no need confirmation from other part. fast and securely. no one can thiev your balance till they have your private key or password. no one can hack your key. - Easy to bring, just need 1 card or smartphone (for example)
- you'll always pay with fixed price
- You're safe from thieves / pickpockets
- Practice.
What are the reasons, why people use Cash or Credit Cards / ATM / Banks?
Convenience.
Try buying your groceries, paying your bills, paying rent, paying your taxes and all of that with Bitcoin. It is hard because only a minuscule portion of merchants accept it. You cannot survive without fiat.
Give all your fiat to me if you want to burn them.
Exactly! All of us can't survive without fiat. It is being used around the world.
I always think that a cashless is always better than cash. first, I love to do every single of my transaction with debit card than a cash, even since I know bitcoin technology. But the problem is in my country , there still a few merchant that accept it. of course, I'll move on to bitcoin if its already accepted in whole market place. btw, I know some point, why I think cashless is better than cash because :
- Easy to bring, just need 1 card or smartphone (for example)
- you'll always pay with fixed price
- You're safe from thieves / pickpockets
- Practice.
- Easy to bring, just need 1 card or smartphone (for example)
- you'll always pay with fixed price
- You're safe from thieves / pickpockets
- Practice.
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.
In some aspects, bitcoin is better than bitcoin, but for as long as we are basing the price of bitcoin on fiat, then it is obvious that it is secondary to our everyday money. As good as having bitcoin is, it would be worthless if you can’t use it or exchange it in a world where fiat is still the preferred currency. Maybe many years from now when bitcoin has established itself as a major currency, then I might be singing a different tune.
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.
In my area bitcoin may be meaningless, because there is not any facility to spend bitcoin, before we make it bitcoin cas cash we can not use. so for me the cash is more important to use.
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.
I wont really agree that bitcoin is better than cash at this point of time cause my country still depend heavily on cash. However, i believe in bitcoin for a lot of reasons. I have been using bitcoin as a main source of platform to sell my items. Bitcoin is very good in seller protection. It also have the least fee so i can perserve the value of my items. In addition, bitcoin growth wealth for me. So having bitcoin is definitely good for me, but i also have to depend on cash right now and until the day where my country was full force into digital cash, bitcoin will be the moment that can took over my overall asset.
Bitcoin is just a digital field, people can easily store their wealth without having to bother putting it in a tight vault. But the role of real money is no less important than bitcoin, since most countries have historical value in the currency used. the role of bitcoin just makes it easier for its users to store their wealth in the grip.
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.
These are all awesome and enjoyed by the bitcoin users. You've got to add that it's easy to carry, its not tangible like cash. Imagine having to pay for something and you'd have to carry it in bills, there's a chance of losing it or having it stolen.
Bitcoin has its benefits and advantages as compared to cash but frankly, I think that most people still prefer fiat money over bitcoin because it is secure and it can be more used. Not many places recognize bitcoin and you can't use it everywhere yet. Not all retail stores accept bitcoin as payment and people would still have to resort to fiat money when it comes to daily or regular use.
Most of the benefits you mentioned aware deprecated and new biggest advantage added . Like zero transaction fees no time transaction is no more exists . The biggest advantage of having bitcoin now a days is high fluctuating price so most of the people used as a investment for future . There is lots of my friends investing for only the high prediction in next few years.
What are the reasons, why people use Cash or Credit Cards / ATM / Banks?
Convenience.
Try buying your groceries, paying your bills, paying rent, paying your taxes and all of that with Bitcoin. It is hard because only a minuscule portion of merchants accept it. You cannot survive without fiat.
Give all your fiat to me if you want to burn them.
Both Bitcoin and cash has its advantages and disadvantages and in my opinion both of them are good. But Bitcoin has slight advantage over cash as if you store your Bitcoin the price is continuously increasing while cash is fixed. You need both for a good life Bitcoin for earning and cash for travelling and spending.
what you said about bitcoin is true. Bitcoin is on its way, introducing to everyone in the world about bitcoin sophistication. but for now the cash is still as important as bitcoin. both have their own criteria and their respective uses.
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.
yes, because we can earn bitcoin even we are in our home, we can be rich or we can have the savings if we were about to earn it and work for hard to have it. even though i am not investing my bitcoin to somewhere else still it got the profit everytime that the bitcoin increases its price, thats why i am very like it so much.
Bitcoin is more safer in terms of on-line transaction rather than credit card or atm because when you transact using bitcoin it does not require much of the information of the owner also you don't to be afraid that it can be hacked. Also bitcoin is better than cash because putting it in your wallet is like putting an investment, it earns without doing anything unlike ordinary cash that we have in our wallet.
It is not better than cash nor cash is better than bitcoin , both of these are termed as currencies by many but they have totally different features for example bitcoin price changes and isn't stable like cash , to make payments to someone using bitcoin we have to pay a fee which isn't there for cash , holding bitcoin is more profitable than cash all these differences are not similar at all hence bitcoin is like a investment while people can invest in cash
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