Author

Topic: Why Cash is better than Bitcoin. - page 113. (Read 99328 times)

legendary
Activity: 3248
Merit: 1179
June 18, 2017, 08:39:39 AM
@OP says that banks does not have any fees

Where You see this?
There is about paying in Cash or Credit Cards, and why people prefer it.

If cash is better why don't you open a house and be a pimp and you can take just cash for letting people watch or talk with girls? What cash have with service you offer in your nickname, how can someone pay you with cash?
I don't care about money, its just a necessary tool for us to get to something we like, food, sex, traveling, or any other fun, I don't care in which way I will pay as long as I have with what. In theory bitcoin can be better then cash, currently you can do more things with cash then with bitcoins, but that will change in the future, storing, keeping and carrying bitcoins is easier then cash. Bitcoin have potential to be better then cash.
hero member
Activity: 1316
Merit: 502
June 18, 2017, 08:27:37 AM
Because the cash is the main need of everyone. The people are wont to using cash than bitcoin and everyone know the cash and only few people know the bitcoin. This is the reason why cash is better than bitcoin.
Yeah, cash is the habit of all of us, it's been used for so many years, simple cash, easy to use, accepted everywhere and very convenient, so I think cash is better than bitcoin although the value of cash is not equal to bitcoin but if talk about popularity and is widely used, convenience, surely bitcoin will not be comparable to cash. Bitcoin may have potential in the future but at present it's just popular on the internet and it is also not acceptable by the government, it has many limitations, so it can not be compared with cash
sr. member
Activity: 490
Merit: 252
http://VKcams.com/
June 18, 2017, 08:19:03 AM
@OP says that banks does not have any fees

Where You see this?
There is about paying in Cash or Credit Cards, and why people prefer it.
full member
Activity: 361
Merit: 100
June 18, 2017, 08:09:26 AM
you have a cash on hand and you can buy anything you want
in bitcoin it is virtual currency. right now there is only limited merchant store that you can purchase using your bitcoin.
I do not mind the purchasing power of bitcoin as long as it gives me the value of the amount i invested and i am sure that i would be having a good profit with it,@OP says that banks does not have any fees which is real bullshit,they will be charging fees for keeping our money and i would prefer to store my assets in bitcoin and stock.
jr. member
Activity: 56
Merit: 10
June 18, 2017, 07:07:10 AM
you have a cash on hand and you can buy anything you want
in bitcoin it is virtual currency. right now there is only limited merchant store that you can purchase using your bitcoin.
sr. member
Activity: 952
Merit: 274
June 18, 2017, 04:15:31 AM
Because the cash is the main need of everyone. The people are wont to using cash than bitcoin and everyone know the cash and only few people know the bitcoin. This is the reason why cash is better than bitcoin.
hero member
Activity: 574
Merit: 500
Any store can buy, sell, and accept Crypto
June 18, 2017, 04:10:20 AM
Of course cash is better than BTC in many cases: for buying smaller value items, for making quick payments, nobody is saying BTC should remove cash completely, at least I hope it won't. I'm sure we can use both very well.

Sure at small scale transaction cash will be more effective even when we don't need to do some complicated action only for buying small value item. Cash more simply for that condition but in other aspect bitcoin has some features better than cash. If i can tell my opinion as bitcoin user i can take more value when the price of bitcoin growing up,  it's very profitable just because keep my bitcoin stay in wallet.
sr. member
Activity: 630
Merit: 250
★Bitvest.io★ Play Plinko or Invest!
June 18, 2017, 04:07:30 AM
It is an undeniable fact that cash was indeed a better choice than bitcoins. Cash based payments has been proven to be useful and less of a hassle when dealing micro to macro and small to large establishment. And what more is cash rates were more stable than bitcoins all time and there are no fees included in most of the transaction when it comes to cash basis.
sr. member
Activity: 434
Merit: 251
physics, mathematics and engineering
June 18, 2017, 04:00:46 AM
The only reason that I know that cash is better than bitcoin is the unlimited supply because it can sustain all the needs of people if they need more supply of money while in bitcoin is fixed so the supply is very limited to the people so if the people will need a lot of supply of bitcoin then bitcoin cannot provide that so I think that is the only thing that makes cash better than bitcoin.
Shocked
In my opinion this is a BIG disadvantage of the fiat system.

The fact that it is limited is a main advantage of bitcoin Cheesy
sr. member
Activity: 434
Merit: 251
physics, mathematics and engineering
June 18, 2017, 03:59:24 AM
What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees. wrong for ATM and Banks
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks wrong for cash, there is fake cash
* anyone is able to understanding of the value of payment

to your point 3, yes it is true that you can´t buy food in most places with bitcoin, but I believe it will be in a few years.
Point 4 (in my opinion the only really valid point), hoping for Segwit here  Cheesy

Now a few advantages:
  • You can carry unlimited money everywhere, for example if you go to another country it is hard to take 1 million in cash, and wiring 1 million via bank comes with a fee and is not anonymous
  • Irreversible
  • Does not depend on government and banks
hero member
Activity: 616
Merit: 502
June 18, 2017, 03:57:23 AM
The only reason that I know that cash is better than bitcoin is the unlimited supply because it can sustain all the needs of people if they need more supply of money while in bitcoin is fixed so the supply is very limited to the people so if the people will need a lot of supply of bitcoin then bitcoin cannot provide that so I think that is the only thing that makes cash better than bitcoin.
legendary
Activity: 1358
Merit: 1093
June 18, 2017, 03:51:31 AM
Of course cash is better than BTC in many cases: for buying smaller value items, for making quick payments, nobody is saying BTC should remove cash completely, at least I hope it won't. I'm sure we can use both very well.
sr. member
Activity: 518
Merit: 250
June 18, 2017, 03:49:59 AM
the reason why cash is better than bitcoin for me are many people use and accepted cash arround the world , not same like bitcoin payment
sr. member
Activity: 924
Merit: 255
June 18, 2017, 03:18:01 AM
Cash can be bringing anywhere, for anything, etc.. and no need to use internet connection to redeem or use it. Before bitcoin, cash it first, bitcoin is only part of cash. Everybody is trying to get the bitcoin to cash it for, of course, for each other's needs and pushing the income
newbie
Activity: 1
Merit: 0
June 18, 2017, 03:08:36 AM
What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment

Even though I am new here, but there's a critical mistake in this post, treating "cash" as money, a majority of transactions throughout the world is conducted digitally through Credit Cards and other methods to conduct online payments (even without bitcoin), so if you include these methods to transmit money the exchange risk, confirmation time, and no fees would be taken out, because these methods have these specified risks.
member
Activity: 90
Merit: 11
June 18, 2017, 02:44:29 AM
Crypto has its clear advantages, and disadvantages. Its all part of an evolution to better financial opportunities for all.
newbie
Activity: 60
Merit: 0
June 17, 2017, 03:09:52 AM
What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment

True. But you forgot the cons of using Credit Cards.

The reason Bitcoin and other crypto doesn't have these features yet is because its still young. Not even a decade old. Expect it to get better in the future
hero member
Activity: 1806
Merit: 672
June 17, 2017, 03:06:52 AM
What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
what you had written is some of money's benefits, of course it's true but we can't just look at money's benefits and irgnore Bitcoins benefits and just say that Money is better than Bitcoin
To tell you the truth the only Benefit I see when using Bitcoin is its ability to grow in terms of value, and it can be a double-edged sword for it because you are also accepting Bitcoin's volatility. You are risking your own capital when you invest in Bitcoin and you are increasing of losing your capital if you don't know what you are doing with your money. Bitcoin for me as of now is not a currency but some kind of investment that I am hoping to make profit in the long run.
full member
Activity: 294
Merit: 100
June 17, 2017, 03:04:13 AM
What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
what you had written is some of money's benefits, of course it's true but we can't just look at money's benefits and irgnore Bitcoins benefits and just say that Money is better than Bitcoin
sr. member
Activity: 476
Merit: 250
June 17, 2017, 03:02:25 AM
I think it's safer to trade because everything is real ...
But sometime I feel that Bitcoin is much more better than cash money because bitcoin is much more secure and we do not worry about our money and no one can steal our money and we can easily transfer our money to other country without any high fees are high tax and we can easily buy anything with Bitcoin from any country.
For fast transactions and with a long distance of course bitcoin will be superior. Saving money in bitcoin will also be safer and free. Because the bitcoin is decentralized and you can certainly use a lot of security to store your bitcoins


Jump to: