Why Cash is better than Bitcoin. - page 56.

raking

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Quote from: Sex Video Chat VKcams.com on May 08, 2017, 01:27:34 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

I agree that cash has the advantages that you have stated. But I have a question: can having cash can bring a profit like btc? And I want to say that I can not say that cash is better than btc or vice versa. That depends on the purpose we use.

thend1949

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Quote from: Klausi on October 27, 2017, 08:56:34 PM

Quote from: Sex Video Chat VKcams.com on May 08, 2017, 01:27:34 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

Indeed, these are the some reasons of why cash is better that bitcoin. In addition, cash already established a deep foundation to all people all over the world that even children and elderly can able to use it instantly. Unlike bitcoin our children cannot use bitcoin because we will need to teach them about transactions in which it is hard for them to understand and we should also to consider that not only children but there are more people are computer illiterate in which vital of every bitcoin transaction.

Well, I see your point here mate you are pertaining the usability of cash and comparing cash to bitcoin now with modern days; I think cash isn't a better mode for investment but more people prefers bitcoin. That's a good thing if all people around the world can acquire knowledge about computers, in order to eliminate that computer illeteracy. In that ways, there will be a best reason for us to teach childrens and adults who has no proper informations on how bitcoin can be a source of our fiat money.

pragna

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Actually today's is a virtual world and good and bad people in everywhere. So if you have Bitcoin it will carry a account and this account may hacked at any time any where. But if you have hand cash it cannot be hacked. In this sense cash may be better, but if you secure your account bitcoin is better.

patz22

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Of course "cash" is tangible and basically you may keep it on at your wallet and can use it immediately. I can say that here in our country, cash is still better because not all merchants/vendors accepts credit/debit card - well bitcoin can be classified with this 2 since it is also virtual. But still 1 BTC is definitely a lot comparing to 1 bill of any existing currency

Naughty Princess

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Quote from: Klestar on October 27, 2017, 08:59:30 PM

Quote from: Sex Video Chat VKcams.com on May 08, 2017, 01:27:34 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

Yes cash is work offline ans no fees ans you can use this anything and anywhere like strore etc. Until now bitcoin is not totaly famous but i know that in the future this bitcoin is our future money so all people need to know this bitcoin.

Cash is better than bitcoin because not all enterprises specially small enterprises accepts bitcoin as a payment for the goods to claim. Not all people know about bitcoin and it is hard to explain it to children and elderly how to use it when buying. You cannot budjet your money equally in bitcoin because the price flactuates from time to time.

cah ndablek

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chances are still lack of knowledge of bitcoin of these people are still rely on trust in using cash whenever the transaction.it must be still very easy and does not require relatively long time in compare utilize bitcoin.

Sweetbtc

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Really good points by the OP. There's no risk in cash but since bitcoin has no fix price so its a risky. You can use your atm whenever you want but in bitcoin there's no hardware to withdraw it. You need a computer with good internet in order to sell your bitcoin and getting cash via local exchange if it support bitcoin to fiat conversion.

Mehdi.Habib

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The reasons of “Cash is better than Bitcoin” are:

— No transaction fees
— acceptable to all food shopping
— don't have any exchange rate issue
— cash minimizes identity theft potential
— Cash makes budgeting easy because after spend cash one can easily count how many lefts over after a purchase.

GreenBits

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Quote from: Klestar on October 27, 2017, 08:59:30 PM

Quote from: Sex Video Chat VKcams.com on May 08, 2017, 01:27:34 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

Yes cash is work offline ans no fees ans you can use this anything and anywhere like strore etc. Until now bitcoin is not totaly famous but i know that in the future this bitcoin is our future money so all people need to know this bitcoin.

It does not have any backing of any sorts (as of yet). Its price is based on supply/demand (be it speculative or genuine). I wont make my obligatory comment about a bubble.

Some institutions or players might decide to back their bitcoins with some currency and/or commodity, but that would be a very narrow band and only for those who are part and parcel of that ecosystem. You might as well just keep the underlying asset.

and until they make physical tokenized bitcoin that is widely circulated and tracks with the changes in price (impossible), it just wont be as useful as cash. its not real, lol.

ppifvtpu

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It's mostly a habit. Because cash and credit cards have been going on for centuries. But I think in the near future, people don't have to pay cash. Now in Japan and China, many young people just need a cell phone, and they can go to work, and all the payments are done on the phone.

Klestar

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Quote from: Sex Video Chat VKcams.com on May 08, 2017, 01:27:34 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

Yes cash is work offline ans no fees ans you can use this anything and anywhere like strore etc. Until now bitcoin is not totaly famous but i know that in the future this bitcoin is our future money so all people need to know this bitcoin.

Klausi

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Quote from: Sex Video Chat VKcams.com on May 08, 2017, 01:27:34 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

Indeed, these are the some reasons of why cash is better that bitcoin. In addition, cash already established a deep foundation to all people all over the world that even children and elderly can able to use it instantly. Unlike bitcoin our children cannot use bitcoin because we will need to teach them about transactions in which it is hard for them to understand and we should also to consider that not only children but there are more people are computer illiterate in which vital of every bitcoin transaction.

Nerman

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Well this is a unique topic especially we are on a bitcoin forum.

We all know that cash is accepted worldwide whatever your currency is you can easily exchange it on the airport.

Also there are no fees but since there is an inflation basically your cash devaluate every year.
We can physically hold and see money which give us a security.
Cash do not need electricity we can transact without any gadgets.
Accesability we can easily go to an atm to get cash.

BeGoods

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Quote from: jerrison on October 27, 2017, 08:01:45 PM

considering the fact that bitcoin is yet to be adopted by all nations, it is still to be a universally accepted currency. only when the average and local market will accept bitcoin, then will bitcoin be better than cash but for now it is still better.

I think for financial transaction problem for now I prefer to use cash, why ? try it you think for every once transaction using bicoin it takes about $3 fee and it is very expensive I think. other than that just few stores that accept bitcoin as payment. while using cash. transaction without fee and all stores accept cash as payment

jerrison

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considering the fact that bitcoin is yet to be adopted by all nations, it is still to be a universally accepted currency. only when the average and local market will accept bitcoin, then will bitcoin be better than cash but for now it is still better.

imstillthebest

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Quote from: Sum24 on October 26, 2017, 09:26:52 AM

Quote from: Glenn10 on October 25, 2017, 02:58:39 PM

Real money is simply more attractive than numbers on a screen..

Yes but bitcoin and cash is equal and bitcoin is used for online shopping and cash is used easily to all stores.

yes you got some point but bitcoin cant be used mostly in a offline environment although some countries are now starting to recognized bitcoin to be used it just like fiat money to be used soon in stores and malls but not all and some people will be having a hard time to use bitcoin because it is too hard too understand for some people who are not computer litrate or dont have idea on how to use the internet.

Kmrherradura05

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soohi

Cash is better than Bitcoin because cash is equivalent to anything that you have.
It is the first born instrument on exchanging into something. We make use of cash
on our day to day living.
Cash doesnt need the use of internet connection to be able to use it.,while bitcoin
does. We have a cash in an instant whenever we but something. In Bitcoin we have
to convert it first on our currencies to use it unless the shop is accepting Bitcoin as
a payment. Few shops and restaurant is accepting Bitcoin while we use and accept
cash universally. Cash is a universal mode of payment. Bitcoin was just introduced
a year ago. But we are still looking forward to the growth of Bitcoin

Gudhal Untu

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The speed factor, because the transaction with cash is very fast and does not require confirmation like bitcoin, we all know that the weakness of bitcoin is need confirmation that sometimes can reach 30 minutes, with cash everything very fast.

Hutalar

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Quote from: manoj kumar k on October 24, 2017, 01:23:10 PM

cash is better then bitcoin because if the person is in hurry for the cash he will not get immidiatly

Bitcoin is dynamic currency. There are some factors that affect the Bitcoin. Bitcoin is the most profitable business in the world at present time. You can trade on it and earn a reason able amount with very easy way. Bitcoin attracts the attention of all big businessmen. Up to some extend cash may be better in some ways. But time is not too far when Bitcoin is replaced cash and everyone uses Bitcoin.

Rakabel619

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hello, I think people use more cash because they can be used in any store, their value decreases or increases very little and very hard compared to bitcoin. but everyone is upset when bitcoin grows, because they think what if it had money invested in bitcoin and what profit would it make

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