Topic: Why Cash is better than Bitcoin. - page 139. (Read 99345 times)
Cash is better than bitcoin because government regulation. If government accepts bitcoin as a means of payment, then bitcoin must be better than cash.
You can't say cash is better because people don't accept bitcoin. It isn't because bitcoin is less worthy but because conservative people are happy to live with old government guaranteed, corruption hitted notes.
No, this is what suppliers of goods and services are asking as payment.
What is the problem going techy and use internet?
The question is still the same - are You able to use BTC at the local food shops?
Seems no one from them will accept BTC.
My answer still remain the same. You can't say cash is better because people don't accept bitcoin. It isn't because bitcoin is less worthy but because conservative people are happy to live with old government guaranteed, corruption hitted notes.
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
I feel that using cash is just bothersome if I really don’t have to use it to purchase something online or offline. I am pretty sure that those features that you listed within your post has the same features that Bitcoin has.* 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
If I wanted to purchase a certain item in the store I don’t have to use a transaction fee, make the payment offline, etc I just would do a wallet.dat + priv key transfer physically and the person would get Bitcoins.
Cash is better than bitcoin in the case where you have to make the payment without internet. Moreover, transactions through bitcoin take time. There are many reason for bitcoin being better than cash. But still bitcoin need to be improved for easy and fast transactions.
As quoted cash is better than bitcoin in some form, and bitcoin will be perfect on some form. It's good to use upon one's own necessity. At times transaction confirmation delay takes place. With cash we can avoid the unnecessary charges that were levied without any prior indication.For me and in my experience using this both currency i preferred to use this both coz without this two money is nothing for me. Yes we can withdraw without fee our cash instantly and also can use physically but bitcoin can do that as well i can withdraw my bitcoin into bank with in 3minutes. my atm machine withdrawal also here in my country bitcoin is already accepted by banks.
The bottom line here on what you have said is bitcoin is still the better one to be use by someone, because we can't make great amount of cash if it is not because of bitcoin. But it is true that we still have to use both, since we can't buy anything right now by just using bitcoin, maybe in the near future, we could, and the cash would be devaluate and would not be use anymore.
What is the problem going techy and use internet?
The question is still the same - are You able to use BTC at the local food shops?
Seems no one from them will accept BTC.
I think that's just speculation, because I see there are many people who prefer using bitcoin rather than using cash, because they think bitcoin is simpler than cash
Indeed it is there in the world, because this is a world where everyone has a different way of thinking and in the face of something. When you want to get an advantage, then you should be able to find pros and cons inside. After that strive mightily and mind in order to be able to get a lot of profit in it. Many people have a mindset like that, because many people who don't want to upgrade their mindset. so it's just a matter of mindset
At this time, cash is still better than bitcoin. Bitcoin has not spread in all countries. Even store customers still use cash for their payments. Bitcoin can only be used for online transactions.
I think that's just speculation, because I see there are many people who prefer using bitcoin rather than using cash, because they think bitcoin is simpler than cash
Indeed it is there in the world, because this is a world where everyone has a different way of thinking and in the face of something. When you want to get an advantage, then you should be able to find pros and cons inside. After that strive mightily and mind in order to be able to get a lot of profit in it. Many people have a mindset like that, because many people who don't want to upgrade their mindset. so it's just a matter of mindset
What is the problem going techy and use internet?
The question is still the same - are You able to use BTC at the local food shops?
Seems no one from them will accept BTC.
* Work offline 100%
What is the problem going techy and use internet? Monthly internet in my country, India is cheaper than mobile bills.Quote
* No fees.
* 0 exchange risks
Fees and risk is always higher in hard cash/ATM/etc. You can easily be theft, your bank details can easily be hacked. ATM withdrawal does have fees, so is using internet banking.* 0 exchange risks
Quote
* anyone is able to understanding of the value of payment
Ignorance can't be excuse to non-development. One has to learn new things in order to go with the changing world.
ATMs and credit cards both have fees (I believe you are joking). It may have zero confirmation time but It's possible to chargeback and get scammed. Lightning Network should give us the ability to make micro-payments and without waiting for confirmations too. Banks control your money, you don't.
In my opinion we cannot say that fiat currency is better than cryptocurrency for some reason, because I think that both should be considered as money but designed in a different fashion.
Tell me please, what great, potentially revolutionary investments you can make thanks to the access to fiat?
Well, pretty much none. The opportunity to do such a thing is given basically only to the investors that have big amounts of funds ready to get invested.
In BTC world, you can make thousands of investments that are legit and profitable: and you usually can use just s small amount of money for that purpose.
Tell me please, what great, potentially revolutionary investments you can make thanks to the access to fiat?
Well, pretty much none. The opportunity to do such a thing is given basically only to the investors that have big amounts of funds ready to get invested.
In BTC world, you can make thousands of investments that are legit and profitable: and you usually can use just s small amount of money for that purpose.
Both currency are good and they both have strengths and weaknesses. Bitcoin has strength that cannot be seen on local currency and that is the accessibility without boundaries and an increased profit due to volatility but its weakness is in areas without internet and to people who does not accept bitcoin. Local currency can be used in any parts of the country with or without internet but you dont get a leverage by holding it in your pocket and it needs to be exchanged to dollar and to other currency when you travel around the world.
I think using bitcoin is better than credit card. It really good system.I think people who use bitcoin for shopping and other work they have a good choice.
Well, that pretty much depends on your lifestyle. If you are someone who really likes shopping, and goes to different kinds of malls, shops and stores everyday, then seriously credit card is something amazing. You dont have to count any cash, you dont have to bring bills with you. Just pay with card very quickly, even for a quite expensive goods.
There are some credit cards available that are pretty much filled with bitcoin (in the moment of payment, it gets converted to the fiat currency) which give you an ability to pay by BTC at some store, but usually such a websites/services charge a pretty high fee for that.
Still, I prefer regular credit card. No fees and everything is transparent and I trust my bank
Yup! regarding the lifestyle of each and everyone in the forum, everyone of us have their own style in life that can simply do well with bitcoin you can prefer in using cash and paying your bill, transaction, and purchases things that you bought, or you can prefer in using credit card for the effortless payments that you want to settle and by the way in my country there are bitcoin wallets that allows you to pay your credit card bill directly with bitcoin.
I think using bitcoin is better than credit card. It really good system.I think people who use bitcoin for shopping and other work they have a good choice.
Well, that pretty much depends on your lifestyle. If you are someone who really likes shopping, and goes to different kinds of malls, shops and stores everyday, then seriously credit card is something amazing. You dont have to count any cash, you dont have to bring bills with you. Just pay with card very quickly, even for a quite expensive goods.
There are some credit cards available that are pretty much filled with bitcoin (in the moment of payment, it gets converted to the fiat currency) which give you an ability to pay by BTC at some store, but usually such a websites/services charge a pretty high fee for that.
Still, I prefer regular credit card. No fees and everything is transparent and I trust my bank
also here in my country bitcoin is already accepted by banks.
But still no p2p with Your local food shop.
For me and in my experience using this both currency i preferred to use this both coz without this two money is nothing for me. Yes we can withdraw without fee our cash instantly and also can use physically but bitcoin can do that as well i can withdraw my bitcoin into bank with in 3minutes. my atm machine withdrawal also here in my country bitcoin is already accepted by banks.
because the value is increasing over time.
You clearly see, that BTC is not used in trading, are You sure about the stable demand on the exchange market for this item?
Bitcoin is not designed for replacing the current currency that we are using
You stay failing to find someone, who need the BTC in change of goods around You, dreaming, that somewere exist a guy, who need it, right?
I think that's just speculation, because I see there are many people who prefer using bitcoin rather than using cash, because they think bitcoin is simpler than cash
Simpler online maybe but you're going to be very hard-pressed to find anyone that thinks that it is easier to pay with Bitcoin than cash for anything that's in person. I personally prefer using cash to even credit when it comes to buying things face-to-face, even though it makes the lives of cashiers a bit more painful for the few coins they have to count out.I can't stand having to log into things to pay for stuff using fiat online.
exactly. people might think that it is time consuming using bitcoin when we will talk about paying bitcoin over the counter. considering the transaction time and fees. compared to cash or cerdit cards, we can easily pay them in just a matter of seconds. but i also understand if some will prefer bitcoin, because the value is increasing over time.
I think that's just speculation, because I see there are many people who prefer using bitcoin rather than using cash, because they think bitcoin is simpler than cash
Simpler online maybe but you're going to be very hard-pressed to find anyone that thinks that it is easier to pay with Bitcoin than cash for anything that's in person. I personally prefer using cash to even credit when it comes to buying things face-to-face, even though it makes the lives of cashiers a bit more painful for the few coins they have to count out.I can't stand having to log into things to pay for stuff using fiat online.
exactly. people might think that it is time consuming using bitcoin when we will talk about paying bitcoin over the counter. considering the transaction time and fees. compared to cash or cerdit cards, we can easily pay them in just a matter of seconds. but i also understand if some will prefer bitcoin, because the value is increasing over time.
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