Topic: Why Cash is better than Bitcoin. - page 73. (Read 99328 times)
maybe right now yes cash is important now a days sooner or later we have bitcoins and we can use it for payments/ transactions
First, many people actually do not know what inflation means. Having been in banking for years myself, I discovered that most people believe inflation to be the price of goods and services rising over any period of time. This is the effect of inflation, not inflation itself, an important distinction. Inflation means that the amount of U.S. dollars, the “global reserve currency,” or any currency, in circulation continues to increase. It is the number of currency units in circulation and is not tied directly to market prices.
Because you can't buy your daily needs using bitcoins
I don't think so, the time when you will use your BTC or any other coins in your real time without any inconvenience and preparation, just likeit was always, become closer and closer...
But of course the cash will always provide people with a freedom without any borders....like Pablo Escobar
Because you can't buy your daily needs using bitcoins
Cash is way harder to lose, you die your BTC probably disappears (unless of course saved your keys and your next of kin or family is into cryptos as well). Bitcoin transactions aren't free by any means, and things fluctuate so sharply there's a tough time figuring out how much you really paid for that pizza. As a currency it's way too much of a hassle for the non-hobbyist, but as an asset it's great for speculators to punt and make easy money on the volatility, I honestly think all this value is driven by greed more than actual usage which is surprisingly what Bitcoin was against lol
Honestly if you're dumb enough to lose cash, you're 20x as much likely to lose your crypto assets with all the risks out there which are not even related to malfunctions of 3rd parties (hacks, lost paper wallets, mistakenly sending to another address, etc the list goes on forever). It's just too hard to manage
Honestly if you're dumb enough to lose cash, you're 20x as much likely to lose your crypto assets with all the risks out there which are not even related to malfunctions of 3rd parties (hacks, lost paper wallets, mistakenly sending to another address, etc the list goes on forever). It's just too hard to manage
Currently I think the bitcoin better than funds, with bitcoin we can do numerous things, on the web transactions, pay out expenses, even for investment because the price tag that retains and far more worthwhile than others expenditure.
For me cash, is better then bitcoin, because cash we are carry away it when everywhere we are going. And by cash we are easy to buy things that we want, and easy to paid in the restaurant, barbershop, internet café, and etc. Unlike in bitcoin, we are also convert it before it will become cash, and it have a long processe that could may happen. And everytime we need some money, we are also get it in a short period of time because we have a cash. For example,
When we are in the situation that we are shortage of money, and we have not a cash but we have a bitcoin that need to convert it before we used what should we are going to do, if the money is needed in a short period of time. That's why cash is better than bitcoin, it is good that in bitcoin our money will become increase because we invest and we are earned some profit. But, for me cash is better than bitcoin and i will use it soon as possible and the time when we need it, and i feel comfortable having a cash for now.
When we are in the situation that we are shortage of money, and we have not a cash but we have a bitcoin that need to convert it before we used what should we are going to do, if the money is needed in a short period of time. That's why cash is better than bitcoin, it is good that in bitcoin our money will become increase because we invest and we are earned some profit. But, for me cash is better than bitcoin and i will use it soon as possible and the time when we need it, and i feel comfortable having a cash for now.
Cash also can be printed into oblivion, as in Weimar Germany. Every year it loses value as central banks continue to increase the money supply. In some respects cash is better, as it can bring convenience, especially during catastrophic events such as natural disasters. I suspect in the long run bitcoin will prove to be a better store of value.
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
Probably because they do not know Bitcoin yet, or maybe because Bitcoin is not yet commonly used. We know their habit is to use cash / ATM / Credit card as payment I'm sure they are too comfortable to use it than the newly famous Bitcoin. * 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
At present I consider the bitcoin far better than cash, with bitcoin we can do numerous factors, on-line transactions, spend expenses, even for investment decision due to the fact the cost that keeps and more profitable than others investment.
The only reason that makes cash better than bitcoin is that bitcoin still not known well enough and people do not do business with it. Using bitcoin, you can send money without being traced on investigated. It's taxless too and the fees are so small. Using cash comes with taxes and control that's why bitcoin is better.
Effectively for my impression on this matter "Why money is better than bitcoin," I can say that funds is far better off getting that bitcoin simply because funds is the formal currecy of a country and that is entirely element of our everyday existence. You can use your income or income in acquiring food items for yourselves in the market place or a sari-sari retailers. And also you can acquire match funds utilizing funds but I feel bincoin wallets are processing these sort of things so that we can employ the use of bitcoins.t
ILL GO with CASH at first because you can use it anywhere to buy al lthe things you want (for now) you can also buy bitcoin with cash!
Second is DEBIT card it is good as cash but some store dont have machine for this
3rd BITCOIN it is not centralize for now because theres many country that dont accept it but atleast here you earn too !!
CREDIT CARD !! never want to use it nor have it !! hate credits!
Second is DEBIT card it is good as cash but some store dont have machine for this
3rd BITCOIN it is not centralize for now because theres many country that dont accept it but atleast here you earn too !!
CREDIT CARD !! never want to use it nor have it !! hate credits!
like Venezuela!
Show me, how BTC is used there for food shopping, seems it exist not.
All tho Cash is realy better than Bitcoin, but they do have some pros and cons when it comes to day for day lives.
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Because cash more accepted in various places around the world. If many merchants received bitcoin, it's possible if bitcoin is more perfect than cash.
probably because cash can really feel, and be seen. but, right now, I think that bitcoin is better than cash or something like that. well, the usability and importance for bitcoin is increasing so fast, and because of that, we can benefit.
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
* 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
So if you were a vendor that used/accepted Credit/Debit card transactions you would know that your points 1, 2 4 and 5 are total rubbish.
They dont work offline, you need a GSM signal at the very least to have a transaction confirm on the VISA or MCARD network. Fees are anywhere from 1% to 2.5% whih for larger transactions is much more than the cost of BTC transactions. Confirmation is not immediate (the vendor may receive confirmation that the transaction has been receieved by the network but just because this has happened doesnt mean it is set in stone and cannot be reversed.)
Cryptocurrency IS the future. End of.
Who said we don't pay fee?. What about the government tax ?, and on the top ATM and Credit Card applied fee.
Anyways the reason "why cash is better than bitcoins" is anyone can accept money easily and not everyone use Bitcoins. Once bitcoin is accepted everywhere, only than bitcoin usage will be increase from the cash money transactions.
like Venezuela!
Show me, how BTC is used there for food shopping, seems it exist not.
All tho Cash is realy better than Bitcoin, but they do have some pros and cons when it comes to day for day lives.
The importance of cash can't be neglected, Cash is an asset which can be used at any point of time, if we go for shopping or eating out, payment with Bitcoins might be rejected but you can always pay with cash. Also one of the biggest advantage the cash has over Bitcoins is that you need any electical device and internet to have an transaction, you can simply pay in hand and go also it will consume less time if you go on to buy small things.
Yes i agree with you about everything you said. Cash have been in peoples life for so long, because it has proven to be good way of paying. Easy and fast. With bitcoin there are some requirements that needs to be set before person can pay with bitcoin, for cash that is not the case. And not to mention that there are some parts of world where you can not use bitcoin at all, but you can use good old cash. 
It is indeed coping up but not in the pace that will make bitcoin replace cash totally. There's, like, a million of bitcoin users? I'm not really sure but I'm sure that it's not that much percentage-wise. Cash is still leading and it will continue to lead for the coming years. Bitcoin might be advanced but keep in mind that not everyone is into advanced stuffs. Anyway, at the end of the day, bitcoin users can still take advantage of the ever rising price of bitcoin. We are making money from bitcoin and that's a huge thing and that's the same thing that encouraged people to use bitcoin as well. It's one of the reasons we are growing in numbers lately. Bitcoin's gains are just too much and we all love that lol.
To the other guy, bitcoin not being available in other places because there's no internet is only a normal thing. Digital divide will always be present in this world and it will take a long time before that problem gets addressed and fixed.
The importance of cash can't be neglected, Cash is an asset which can be used at any point of time, if we go for shopping or eating out, payment with Bitcoins might be rejected but you can always pay with cash. Also one of the biggest advantage the cash has over Bitcoins is that you need any electical device and internet to have an transaction, you can simply pay in hand and go also it will consume less time if you go on to buy small things.
Yes i agree with you about everything you said. Cash have been in peoples life for so long, because it has proven to be good way of paying. Easy and fast. With bitcoin there are some requirements that needs to be set before person can pay with bitcoin, for cash that is not the case. And not to mention that there are some parts of world where you can not use bitcoin at all, but you can use good old cash. Jump to: