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Topic: Why Cash is better than Bitcoin. - page 63. (Read 99340 times)

newbie
Activity: 56
Merit: 0
October 17, 2017, 10:43:51 PM
your reason  :
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
All is correct but bitcoin have very high price , 1 bitcoin can convert much money . Now 1 bitcoin about  5600$
And bitcoin had high price , bitcoin must to had fees .
Now some story accepted bitcoin as payment .
those reasons, all are the thoughts of each person
full member
Activity: 140
Merit: 100
October 17, 2017, 08:34:20 PM
Correct, fiat is a lot more convenient than bitcoin, but I would still prefer bitcoin since I could earn a lot of money on it because of its price. Fiat's price is fixed and not that high compare to the bitcoins price, especially right now. Bitcoin is skyrocketing and it will continue to rise up above the ground, those who are early adopters of bitcoin and saved their bitcoin are so damn lucky.

They are going to have a lot of money on bitcoin right now and in the near future, and fiat? I don't think so, bitcoin will just belittle fiat's capability since its value is not that high compare to bitcoin.
newbie
Activity: 28
Merit: 0
October 17, 2017, 08:32:10 PM
Effectively for my impression on this topic "Why money is far better than bitcoin," I can say that income is much better off obtaining that bitcoin due to the fact income is the formal forex of a region and that is fully component of our every day existence. You can use your money or income in getting meals for yourselves in the market or a sari-sari retailers. And also you can get recreation funds utilizing income but I believe bitcoin wallets are processing these sort of issues so that we can make use of the use of bitcoins.
newbie
Activity: 23
Merit: 0
October 17, 2017, 01:11:57 PM
It's different for each person. Main point of importance is that the sort of usage combined with the situation makes Bitcoin better than cash, and vice versa. If I want to transfer money to the other side of the world, I choose Bitcoin because the transaction posts near instant, where after that you have to wait for the transaction to confirm. If I had to use my bank to transfer money to exactly the same person/location, it would have taken days, plus I would pay a hefty fee that may reach all the way up to $10-$20. But in case of buying my daily needs locally, cash will be my preferred option.
full member
Activity: 350
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October 17, 2017, 01:04:24 PM
I think Cash is better than bitcoin because we can easily use it on hand and without fees . There is no doubt about that bitcoin popularity is increasing day by day . Bitcoin is always Gain profits so this cause you told bitcoin is more better than money.
but when it comes to investments, its cryptocurrency which is way ahead of fiat.
legendary
Activity: 1274
Merit: 1004
October 17, 2017, 01:03:12 PM
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
  • Bitcoin can be used 24*7 without moving anywhere.
  • Banks charge fees but I bitcoin its depend on you to give or not.
  • Bitcoin is being accepted by any services and soon it will be spread even more.
  • banks have 0confirmation time because you are going to that person in order to pay.
  • Bitcoin is more secure than banks are.
  • Anyone can see your transaction and balance
full member
Activity: 350
Merit: 100
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October 17, 2017, 01:02:59 PM
Your logic is 100% right.

But there is way more advantages then fiat or cash in cryptocurrency.
newbie
Activity: 50
Merit: 0
October 17, 2017, 12:52:43 PM
perhaps the more promising current chas in Bitcoin, for people who do not yet understand about Bitcoin Cry Cry
hero member
Activity: 737
Merit: 500
October 17, 2017, 12:51:32 PM
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 I do believe that cash is better than bitcoin. This is because firstly cash is easily accepted everywhere. Secondly there is no transaction fees incase of cash. Thirdly there is no need for internet incase of cash. Paper currency is easily provided and accessible than bitcoin. It way more popular than bitcoin. Cash is very stable compared to bitcoin because it’s value does not fluctuate whereas bitcoin’s value fluctuate a lot more. Cash is centralised by banks and government whereas bitcoin is not.
same here, cash is still the physical money that we can used in everything and everywhere we go. bitcoin still has a limit of where we can use it, you have first to withdraw it if you want to spend it. bitcoin have to convert first to fiat, that is why cash is still better than bitcoin.
but in the future i know that bitcoin will overcome cash, it will become the most useful payment method.
Not sure, maybe in the future, we will have a digital currency instead of use cryptocurrency for our life.
Because in present, we only need to have a currency can use Blockchain technology as Bitcoin and beside that, Bitcoin still needs a lot time to confirm its transaction.
full member
Activity: 280
Merit: 100
October 17, 2017, 12:44:29 PM
Cash is much better than bitcoin according to present situation in Asia where most of the country doesn't allow bitcoin for using as valid currency in real world.  We have to sell our bitcoins if we need to get money by bitcoins. So, cash is not only better option but also it's  the best than bitcoins.
sr. member
Activity: 588
Merit: 253
October 17, 2017, 12:36:10 PM
The biggest problem bitcoin is when the transaction is very dependent on the internet network, of course this is different from the cash, we immediately give cash then the transaction is completed in seconds while bitcoin takes at least 10 minutes to get confirmation.
legendary
Activity: 1288
Merit: 1043
:^)
October 17, 2017, 12:22:33 PM
I agree with the statement that cash is better than bitcoin because at any time anywhere you can use your cash instantly you have no need to access to the internet if you have cash it’s mean that you have offline money and you can easily use that. Another reason through which cash is better than bitcoin is cash can used everywhere mean in every city and village too. There will be no problem of accepting cash instead of bitcoin.
why is an internet connection the deciding factor here? if im going to make a large purchase, say, a fridge, am i going to carry a thousand dollars (just an arbitrary value, going with a large kitchen fridge for the example) in cash to the store? or am i going to just carry a piece of plastic that i can scan on a machine to pay? probably the latter, and im sure 99% of people would say the same. but what does that piece of plastic depend on? thats right, the internet. without a connection, that card reader won't be able to contact the credit card company or bank to process the payment, and i won't be able to use it. this is an argument people use quite often when asked this question, yet they always, always fail to actually give the answer more than half a second of thought. it's also worth nothing that most people probably use a card 99% of the time over paper money.
full member
Activity: 856
Merit: 111
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October 17, 2017, 12:11:45 PM
I think Cash is better than bitcoin because we can easily use it on hand and without fees . There is no doubt about that bitcoin popularity is increasing day by day . Bitcoin is always Gain profits so this cause you told bitcoin is more better than money.
full member
Activity: 364
Merit: 100
October 17, 2017, 11:50:57 AM
I agree with the statement that cash is better than bitcoin because at any time anywhere you can use your cash instantly you have no need to access to the internet if you have cash it’s mean that you have offline money and you can easily use that. Another reason through which cash is better than bitcoin is cash can used everywhere mean in every city and village too. There will be no problem of accepting cash instead of bitcoin.
legendary
Activity: 1288
Merit: 1043
:^)
October 17, 2017, 11:44:05 AM
Especially useful in places like Venezuela! (Coming soon to a country near you!)

yes it is useful, and you do not need to exchange it to somewhere, we can use cash everywhere because it is what they are accepting. you do not need to go and find somewhere for the exchanger for you to use.it is also what is in use in every country, but then there are also disadvantage of having a cash and there are advantage of not cash, like bitcoin.
Well that is the advantage of cash over Bitcoin, its availability, volatility, and utilization of cash. It is available everywhere, specific cash for specific area; its price will not make any discrepancies in just a matter of hour unlike Bitcoin, it has its stable price; and its utilization is quite very obvious.

Then in Bitcoin, I've mention that volatility is also an advantage of it, since just a year ago its like $2k dollars or so but now its $5k, you see that's a lot.
thats not true at all, just look at how the british pound tanked when the results of the first brexit vote were announced. the pound dropped something like 20% (not entirely sure, someone can look it up exactly and correct me if they wish) within 24 hours. availability? i cant use my dollars if i dont have my card or physical money available, the same way i can't use my bitcoin if i don't have access to my wallet and private keys. availability? credit cards dont work without an internet connection, neither does bitcoin. no cash? can't spend, and there are 'paper wallets' that can be created with bitcoin private keys as well. none of the point you present are consistent in the context of the subject, do some more thinking.
sr. member
Activity: 868
Merit: 333
October 17, 2017, 11:34:39 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 I do believe that cash is better than bitcoin. This is because firstly cash is easily accepted everywhere. Secondly there is no transaction fees incase of cash. Thirdly there is no need for internet incase of cash. Paper currency is easily provided and accessible than bitcoin. It way more popular than bitcoin. Cash is very stable compared to bitcoin because it’s value does not fluctuate whereas bitcoin’s value fluctuate a lot more. Cash is centralised by banks and government whereas bitcoin is not.
same here, cash is still the physical money that we can used in everything and everywhere we go. bitcoin still has a limit of where we can use it, you have first to withdraw it if you want to spend it. bitcoin have to convert first to fiat, that is why cash is still better than bitcoin.
but in the future i know that bitcoin will overcome cash, it will become the most useful payment method.
sr. member
Activity: 317
Merit: 250
October 17, 2017, 10:26:43 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 I do believe that cash is better than bitcoin. This is because firstly cash is easily accepted everywhere. Secondly there is no transaction fees incase of cash. Thirdly there is no need for internet incase of cash. Paper currency is easily provided and accessible than bitcoin. It way more popular than bitcoin. Cash is very stable compared to bitcoin because it’s value does not fluctuate whereas bitcoin’s value fluctuate a lot more. Cash is centralised by banks and government whereas bitcoin is not.
full member
Activity: 392
Merit: 100
October 17, 2017, 10:24:42 AM
Cash is very important, especially here in our Country. when you ride a train going to your work, you need cash. When you need to buy something from a Convenience Store you need Cash. Though you can use bitcoin to trade it to a real Money. It would be Hassle for you especially when you are in a hurry. So for me, Cash is still better than Bitcoin. however, both have their own advantages and disadvantages. you need to do a lot of hard work to earn money. however, bitcoin can be earned without exerting too much effort.
full member
Activity: 182
Merit: 147
October 17, 2017, 10:14:05 AM
For people who has yet to experience the advantages of Bitcoin, there is no doubt that they will favor cash more. Cash has been very reliable for as long as I can remember. It has helped us attain our essentials in a very efficient way because it is widely accepted. However, cash has its ups and downs just like Bitcoin. Nonetheless, cash is something that is very valuable to people right now especially to those who are unfamiliar of Bitcoin.
full member
Activity: 574
Merit: 100
October 16, 2017, 02:25:04 PM
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

Cash has its own strength and weakness just like bitcoins and all other type of currencies its just that bitcoins getting so much hype because of its value and honestly compared to cash bitcoins are much easier to earn.  In terms of risk during exchange or traide I wouldn't say it only applies to bitcoins because cash trades or just even online shopping is risky enough not just crypto currencies.
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