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Topic: Why Cash is better than Bitcoin. - page 85. (Read 99328 times)

member
Activity: 76
Merit: 10
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August 30, 2017, 06:06:57 PM
Opposite statement..   Shocked
buying from online is also having a transaction in online..
so, what is the otherness?
member
Activity: 124
Merit: 10
August 30, 2017, 06:04:04 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
Because cash any time any where its it ready to use, in cash you have  no doubt whow to convert it and you have no problem how to sell this to the others. In the part of bitcoin if you really want a high value of currency you will wait and you spend a time to achieve your expaction in currency like a sometimes value of currency is low it is another problem.
But is not a really problem they have time that the value is higher than to your expection you must to sell it in the high price and you buy to other a low price of btc if you buy a btc in low value it is your profit. Theres so many process until the btc is to become cash that's why cash is better than bitcoin.
full member
Activity: 126
Merit: 100
August 30, 2017, 05:58:31 PM
I Think Btc is Better Bitcoin is one of the very good choices here as it’s digital currency. You can store your bitcoin even on a piece of paper or use physical wallet. Some rich people who would like to hide some part of their wealth from bank/security accounts. The Swiss bank was a good option to do it but not anymore. The common way is to put cash or valuable goods or commodities (like the art piece, gold, diamond) but those take-up spaces and you need to find safe space to accumulate them.
newbie
Activity: 12
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August 30, 2017, 04:54:36 PM
Each and every alternative has its advantages and negatives, but to my personal look at, at this time the funds is much more handy and effortless to manage for our day-to-day bills. In fact the bitcoin and all the altcoins appear extremely idealistic assignments that are battling too considerably to be included into actual lifestyle.Probably all cryptocoins end up getting quite useful and ideal for a niche of the inhabitants also specific to be actually related in the international economic climate, as I am sure that the funds will still be really valuable for most people for many, many  much more several years.
sr. member
Activity: 532
Merit: 284
August 30, 2017, 12:39:07 AM
Yeah cash works better for transactions, bitcoin currently is only good as an asset, its an investment like anything else whereas cash is guaranteed to lose value over time. A better comparison I think would be to compare bitcoin to gold and say which is better.
But if you would see to it in a different perspective you would realize that bitcoin has its own advantage against cash. You see a specific fiat would only be used in a specific country but in bitcoin its a worldwide currency since it was made as it is.
sr. member
Activity: 337
Merit: 250
August 25, 2017, 09:34:20 AM
Yeah cash works better for transactions, bitcoin currently is only good as an asset, its an investment like anything else whereas cash is guaranteed to lose value over time. A better comparison I think would be to compare bitcoin to gold and say which is better.
sr. member
Activity: 532
Merit: 284
August 25, 2017, 09:05:19 AM
Probably because the shape is more real, and can be used anywhere, because everyone sees, and knows about it. But, bitcoin is not. Not everyone knows using bitcoin, even for those who already know bitcoin, so many think that cash is better than bitcoin.
Because they understand Bitcoin still not useful for payment small order like buy food or candy, etc ... This is reason the cash still better than Bitcoin about using in fact for purchase.
Almost all of the countries don't really accept Bitcoin as payment but there are already countries that have considered it payment, as in like what you've mentioned food or candy (well it already included in the food section though).

Because for those country they've already predicted or rather in reality they've wanted to gamble into this cryptocurrency to its extent and somehow they wanted this for their own development ofcourse.
sr. member
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August 24, 2017, 03:34:02 PM
Cash is better than Bitcoin because the cash is in the under control of my but Bitcoin is the online or internet cash we can't use Bitcoins everywhere but money can accepted overall country, world and near to native also.
Sorry what? Cash is under your control? I thought mine one is under government control and banks are enjoying more out of it than I really can. And guess what, I was right. My cash is not fully under my control. Bitcoins give us the full freedom and the reason why we can’t use bitcoins everywhere is because many are still slow in accepting it.

Your two opinions are correct, cash is still favorite because all businesses are already publicly accommodated, in this case government regulations are required.

Bitcoin has not been able to convince them because it is still unstable and prone to money laundering crime.

So the control is able to penetrate a safe level even though controlled by the government.

And it's ironic that bitcoin users do not want it all about taxes and much fact about corruption.

But we must remember that civilization runs by government intervention, if there is no such control then we will return to prehistoric times where everyone stabs at their own will. Cash is still better than bitcoin.
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August 24, 2017, 03:09:11 PM
Cash is better than Bitcoin because the cash is in the under control of my but Bitcoin is the online or internet cash we can't use Bitcoins everywhere but money can accepted overall country, world and near to native also.
Sorry what? Cash is under your control? I thought mine one is under government control and banks are enjoying more out of it than I really can. And guess what, I was right. My cash is not fully under my control. Bitcoins give us the full freedom and the reason why we can’t use bitcoins everywhere is because many are still slow in accepting it.
sr. member
Activity: 777
Merit: 251
August 23, 2017, 01:54:11 AM
Especially useful in places like Venezuela! (Coming soon to a country near you!)
LOL yes this is quite true

OP you have missed to list unlimited inflation  Grin
cash is worthless in venezuela and it is quite unconvenient to roam around with cash in hand anywhere in the world.

I tried to introduce and explain Bitcoin to my family. But perhaps they still do not understand what Bitcoin is and do not believe in the benefits of Bitcoin. They think that cash in their hands can pay. I will try to show them the greatness of Bitcoin in the coming time.

You know what mate, you don't need to rush them just for the sake to believe in you, though your intention was good. But there sight is not yet open for what you saw in bitcoin, Just wait more time for to see the goodness of bitcoin. At the right time mate, spontaneously they're be the one will come to you to show their interest into bitcoin.
legendary
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August 23, 2017, 01:37:47 AM
For me the only fiat advantage is being printed and be accepted worldwide in the general, besides those it has nothing better then crypto besides stability and limitations, something at crypto doest has. Crypto has proven its potencial already with bitcoin as well several others coins, some people becamed rich because invested at crypto wich has growed a lot on the last years, offering opportunities to any investment to grow.

that's not entirely true, fiat can be just as volatile as bitcoin. look at how the British pound tanked after the brexit vote. also, several people becoming rich off bitcoin doesn't prove its potential on its own, personally I think bitcoin is the start of the next step in how currency evolves (bartering, commodities, fiat, and in the future, cryptocurrency).
full member
Activity: 784
Merit: 112
August 23, 2017, 01:36:02 AM
Probably because the shape is more real, and can be used anywhere, because everyone sees, and knows about it. But, bitcoin is not. Not everyone knows using bitcoin, even for those who already know bitcoin, so many think that cash is better than bitcoin.
Because they understand Bitcoin still not useful for payment small order like buy food or candy, etc ... This is reason the cash still better than Bitcoin about using in fact for purchase.
Cash is more stable than bitcoin because bitcoin price is volatile while the cash can be used by majority of people and it is legal to use it but bitcoin in some countries it is illegal and only a few country like japan recognize it as a legal payment and every people  doesn't  know what is bitcoin and how to use it.
hero member
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August 23, 2017, 12:50:30 AM
until now I think cash is better than bitcoin although for the value, maybe bitcoin have much value than money. with having cash, we can spend our cash to buy something, in offline and online by doing transfer into bank account. but if bitcoin can be like a cash then I am sure that we can say that bitcoin is better than cash.
hero member
Activity: 2520
Merit: 952
August 23, 2017, 12:48:15 AM
Cash does not fluctuates as much as Bitcoin.

Curse or blessing?
full member
Activity: 482
Merit: 117
August 23, 2017, 12:36:23 AM
Cash is better than Bitcoin because the cash is in the under control of my but Bitcoin is the online or internet cash we can't use Bitcoins everywhere but money can accepted overall country, world and near to native also.
sr. member
Activity: 476
Merit: 250
August 22, 2017, 08:46:10 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
Offline cash is superior to bitcoin but we know that ATM / Credit Card and cash have limit. If you transact in a large amount I think the fee charged to you is very big.
So ATM / Credit Card / cash money and bitcoin have advantages and disadvantages that cover each other.
sr. member
Activity: 700
Merit: 277
August 22, 2017, 08:11:44 AM
Because with cash it does not need internet network support and third party services, we all know that bitcoin transactions require services from wallet providers so there is a fee for that.
hero member
Activity: 868
Merit: 500
August 22, 2017, 07:11:08 AM
For me the only fiat advantage is being printed and be accepted worldwide in the general, besides those it has nothing better then crypto besides stability and limitations, something at crypto doest has. Crypto has proven its potencial already with bitcoin as well several others coins, some people becamed rich because invested at crypto wich has growed a lot on the last years, offering opportunities to any investment to grow.
sr. member
Activity: 1400
Merit: 251
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August 21, 2017, 03:39:11 PM
For me cash is required thing and doesn't see cash is better than bitcoin. In total, bitcoin better than cash. Because very obviously bitcoin more profitable, everyone doesn't hold cash in huge quantities. They just be holding for need of say for 1 month.
hero member
Activity: 686
Merit: 500
August 21, 2017, 03:11:35 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
Why would compare the traditional fiat currency to bitcoin? Yes it does really have those capabilities since we are using it for how may decades or centuries as of now. Local Fiat do really work on that way but there are some things that bitcoin do have the edge like on price appreciations which we cant really see on local fiat. Price volatility its a disadvantage for some but this thing is why most liked by investors and traders since they can able to make money on it.
Comparison between fiat and bitcoins cannot be averted for long. When a new method is introduced, people compare it with the old one in order to make decision whether to adopt new one or stick with the old ones. Fiat has its own benefits but same can be achieved through Bitcoins also. Volatility is a case for both fiat and bitcoins. I hope you know how the value of local currency is determined. Moreover, bitcoins prices tend to grow up more than decreasing.
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