Topic: Why have Bitcoin instead of cash? - page 10. (Read 246169 times)
Privacy is one of the advantage of bitcoin. Now the bank knows what you did, how much you did it with, where it's going and who is picking it up. If you are sending high value of money then you are hesitant that it might be there is a rubber out there. and you may expose your identity. So it’s inconvenient, costly, and time consuming. A many threat! With Bitcoin, you can send any amount to someone’s QR code or address and pay about small fee.
there are advantages bitcoin over cash for those people with no access in the bank, If you have internet access bitcoin is more easy to use and more convenient, It allows them to pay others easier than bank transfer and credit cards for transactions which isn't face to face. and going to bank is time consuming and you need to show your Identification card in order to transact.
I think for why you should have bitcoin instead of cash is because it is more better way to increase money while you still holding it and I think it has more benefits to earn more money than using it in cash.
I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.
1) More security (especially if you are careful).
2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.
3) Fast, worldwide transactions at your fingertips.
4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.
1) More security (especially if you are careful).
2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.
3) Fast, worldwide transactions at your fingertips.
4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.
To be honest, most people hold Bitcoin for investment and to trade for alts. Bitcoin is not even near mainstream adoption and part of that is due to the miners greed and ridiculous fees.
For one thing bitcoin is so volatile that it could potentially make anyone richer. The only problem is, people tend to indulge in cryptocurrency activities such as trading or mining without fully understanding the necessary information. I recommend https://daneel.io/ which can assist and help when it comes to involvement to any bitcoin activities.
At some point bitcont is more convenient since it is global currency...
Yes more security, money in your fingertips...
Yes more security, money in your fingertips...
Bitcoin's price changes and can increase by 10% or more within a few weeks. Fiat exchange fluctuation is not so much as it is regulated. There's a risk in holding Bitcoin, but it's worth it imo.
Cause you can account to where your money went.
Cause you can have a ledger that records everything.
Cause you’re promise of value isn’t just another promise but is indeed value
Cause you can have a ledger that records everything.
Cause you’re promise of value isn’t just another promise but is indeed value
Bitcoin is more secure than having your money with you, carriying a large amount of money gives too much discomfort to the owner because you're vulnerable and anything wrong could happen while carrying cash.
Mostly people are keeping bitcoin in their wallet in place of to cash it and i think the main reason behind it is that bitcoin price is varying and mostly price of bitcoin is increasing due to increasing of customers of bitcoin so if you have a bitcoin in your wallet and price of bitcoin is increased then your bitcoin will also increased and in this way your BTC is keep safe and increased with out any work done by you.
My own reasons for keeping Bitcoin are- (1) the price is volatile, and fluctuates most of the times. If you invest your money into bitcoin, you will be able to earn money without working for it. Good thing is that Bitcoin has been going upwards since last year. Another reason is that it helps me to send money to some of my friends that are living abroad. I don’t have to go to bank before doing anything.
Whatever that can be traded with bitcoin than can be paid thru cash I prefer to use bitcoin because you can do the transaction online by doing the payments on your high technology gadgets.
For cash basis making a manual transaction would be taking more time and a lot of documentation.
For cash basis making a manual transaction would be taking more time and a lot of documentation.
When it becomes legal to most of the countries, bitcoin can be used for an easier transaction to anyone, in many places around the world. Also, unlike in cash, it can increase in value even without doing anything. It is also safer because your 'wallet' would be difficult to hack.
Actually I think everything have some merits and demerits. Like cash, there are so much advantages for them but surely some loophole are there too that are being fixed by bitcoins. I don’t go for one thing out of these two. Reason is these two have some better things in them so you can’t deny the merits of one thing and prefer it over the other. Both are important and vital.
Mostly people are keeping bitcoin in their wallet in place of to cash it and i think the main reason behind it is that bitcoin price is varying and mostly price of bitcoin is increasing due to increasing of customers of bitcoin so if you have a bitcoin in your wallet and price of bitcoin is increased then your bitcoin will also increased and in this way your BTC is keep safe and increased with out any work done by you.
Because bitcoin is a asset. Assets are the ones who give you profit. Acquiring more assets will give you more profit with less effort. Unlike fiat money or cash, its not an asset that can give profit but you can use it to acquire assets.
My opinion may clashes with yours because I think one must possess digital currencies as well paper money for the time being. Both have their own usage and one cannot take place rather perform functions of other. Having both of them will help the holder to increase his capital and do micro-payments. It is upto individual that how much he is willing to spend in bitcoin and how much he will keep for other purposes. 
What's more it is dependend on you and you just secure and decide what you really want to do with it and it is available 24/7/365 that is why it is getting so popular nowadays.
When you are holding a bitcoin there's a tendency that you will get profited on it. But if you are holding a real money do you think it increases the value of your money? No right? In bitcoin you just need to wait of its value to increase before you convert. While in money you are just holding it and you are waiting for nothing.
Bitcoin today is the leading cryptocurrency and it is the easiest method to earn money in a short period of timeBitcoin's value is very volatile and it keeps on increasing or decreasing day to day.The investors have a lot of profit in investing in Bitcoin.On the other hand,cash is very stable and it also does not give any profit.Since no taxes can be applied on it full profits are received by the users.To store your Bitcoins you just need to have a bitcoin wallet and nothing else.You can carry any amount of Bitcoins in your wallet but it is not possible with the cash as you can only carrier certain amount of cash in your wallet.
When you are holding a bitcoin there's a tendency that you will get profited on it. But if you are holding a real money do you think it increases the value of your money? No right? In bitcoin you just need to wait of its value to increase before you convert. While in money you are just holding it and you are waiting for nothing.
yes because bitcoin is a global currency, unlike cash that can not be in some countries. Bitcoin is also electric money, can make us invest a lot of people think bitcoin is digital gold so cause it makes us want to invest. 
bitcoin can indeed be used all over the world with our own ease of feature set up without any interference of others, bitcoin is a unique virtual currency.
yes because bitcoin is a global currency, unlike cash that can not be in some countries. Bitcoin is also electric money, can make us invest a lot of people think bitcoin is digital gold so cause it makes us want to invest.
Bitcoin is a digital currency that tends to increase in value and price over a period of time compared to cash that does not increase in price. Bitcoin is accepted by many countries and organisations , this help in online transactions which cash cannot be used for it.Bitcoin can also be use for trading and others which can cannot be used, and that is why I prefer Bitcoin to Cash.
Quote
Bitcoin is a digital currency that tends to increase in value and price over a period of time compared to cash that does not increase in price.
no that is not true. the value of cash or any other local currency like dollar can also increase but not as much as high like bitcoin.Quote
Bitcoin is accepted by many countries and organisations , this help in online transactions which cash cannot be used for it
cash can also be accepted in many countries and it can also be used in online via depositing them thru online payment method or using a credit/debit card.Quote
Bitcoin can also be use for trading and others which can cannot be used, and that is why I prefer Bitcoin to Cash.
cash can also be used in trading or any other thing.overall i love bitcoin but i still prefer to use cash becuase it is much easier and can be used anywhere whenever or wherever in any ages with or without internet. bitcoin is only good for online purpose and for business related stuffs or income oppurtunities.
Jump to: