Topic: Why have Bitcoin instead of cash? - page 102. (Read 246169 times)
i like using bitcoin much insted of cash there are plenty of reasons some of them everyone know like milletry grade security and privacy but i like the most is its transparent network , anyone can see anyone's balance or anyone can sew fron where a user recived or sent their bitcoin which are not evwn possible in banks
i will say , you should explain him with simple technical thoughts . you should tell him that it is like a fiat money but it is out of control of anyone , so it is useful for making unlimited amount payment with tax and high transaction charge .
There some good thoughts regarding on bitcoin in the future it can be electronized all that we can really use bitcoin as payment method and we don't really need to convert it into fiat money to use and we can control our bitcoin with full information when we are going to use it making some payment and other taxes. 
Having bitcoin instead of cash is just nice because you can make some nice amounts with it and its also that you can use it globally.
Another fact is that you can make profit with just holding it too!
That's nice, the possibility of having a currency, which has the potential to provide profits, since as people recognize the importance and efficiency of this payment system, it's possible to notice the currency appreciation, as consequence of it. Another fact is that you can make profit with just holding it too!
And in addition to what the OP has already said, I have to add one of the most important factors, which is the decentralization of the network.
Having bitcoin instead of cash is just nice because you can make some nice amounts with it and its also that you can use it globally.
Another fact is that you can make profit with just holding it too!
It's really nice having both of them how can you make some cash when you don't have bitcoin yeah? of me it is really good when you have this two you can make or buy you want from internet and buy some foods physically i want to have this both when you are going to travel too yes bitcoin you make profit by holding it.Another fact is that you can make profit with just holding it too!
Having bitcoin instead of cash is just nice because you can make some nice amounts with it and its also that you can use it globally.
Another fact is that you can make profit with just holding it too!
It's really nice having both of them how can you make some cash when you don't have bitcoin yeah? of me it is really good when you have this two you can make or buy you want from internet and buy some foods physically i want to have this both when you are going to travel too yes bitcoin you make profit by holding it. Another fact is that you can make profit with just holding it too!
Portability of btc is way better than cash
Bitcoin is more better in all aspects very improved security have freedom and without 3rd party, cash is getting old day by day very soon it will get replaced with digital money, bitcoin will be become the most loved currency.
Bitcoin is unlikely to be able to displace the central currency in the coming years.
Despite the fact that it is loved by many people, the government will not allow it.
Bitcoin I like the fact that it is not subject to inflation
Portability of btc is way better than cash
Bitcoin is more better in all aspects very improved security have freedom and without 3rd party, cash is getting old day by day very soon it will get replaced with digital money, bitcoin will be become the most loved currency.
I agree on your point to 2 and 3. You're right bitcoin has great potential for investment because bitcoin value continues to increase. And cross-border transactions quickly with bitcoin, it will facilitate us to send money between countries. But the matter of point 1 is about security I disagree. Because I think security is still not good bitcoin, bitcoin does not guarantee the security of the user's money. So we still must be alert in our to save bitcoin wallet.
Simply cause dollar before 6 years ( or any other currency ) lost value. Value of the fiat currencies are generally dropping, it's inflation, 10 $ 50 years ago and 10 $ now are huge difference.
With bitcoin everything is different, 1 btc worth much more now.
That is why we need to have bitcoins, over the time they will worth more, with fiat we can just lose money in long run.
You just say that because bitcoin for now is profitable, and if you will compare dollars and bitcoin there is really a big difference and you will get the benefits in bitcoin if you are an investor but if you just spend your money you are getting more benefits in cash.With bitcoin everything is different, 1 btc worth much more now.
That is why we need to have bitcoins, over the time they will worth more, with fiat we can just lose money in long run.
Yes but Bitcoin is more than just for "spending your money". You can also use Bitcoin as a store of value against inflation. And I guess more than 50% Bitcoin owners do not spend them, they are just holding.
Simply cause dollar before 6 years ( or any other currency ) lost value. Value of the fiat currencies are generally dropping, it's inflation, 10 $ 50 years ago and 10 $ now are huge difference.
With bitcoin everything is different, 1 btc worth much more now.
That is why we need to have bitcoins, over the time they will worth more, with fiat we can just lose money in long run.
You just say that because bitcoin for now is profitable, and if you will compare dollars and bitcoin there is really a big difference and you will get the benefits in bitcoin if you are an investor but if you just spend your money you are getting more benefits in cash. With bitcoin everything is different, 1 btc worth much more now.
That is why we need to have bitcoins, over the time they will worth more, with fiat we can just lose money in long run.
Simply cause dollar before 6 years ( or any other currency ) lost value. Value of the fiat currencies are generally dropping, it's inflation, 10 $ 50 years ago and 10 $ now are huge difference.
With bitcoin everything is different, 1 btc worth much more now.
That is why we need to have bitcoins, over the time they will worth more, with fiat we can just lose money in long run.
With bitcoin everything is different, 1 btc worth much more now.
That is why we need to have bitcoins, over the time they will worth more, with fiat we can just lose money in long run.
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.
There are some places in the world where you can buy tacos using Bitcoin? "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.
That's amazing!
As for your list, well, I agree with 1,2 and would also ad that it is easy to earn it. Fast transactions? A lot of people say they are actually slow if we talk about situations where there are many people in the queue, for example. And Bitcoin is not legal in most of the countries. I think it is rather out of the law.
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.
There are some places in the world where you can buy tacos using Bitcoin? "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.
That's amazing!
As for your list, well, I agree with 1,2 and would also ad that it is easy to earn it. Fast transactions? A lot of people say they are actually slow if we talk about situations where there are many people in the queue, for example. And Bitcoin is not legal in most of the countries. I think it is rather out of the law.
Bitcoin can be used to store your wealth. Inflation eats into your cash holdings and bitcoin is deflationary in nature. Also Bitcoin can be used to make transaction to people anywhere in the world and the speed of the transactions and the fee charged is a good deal when compared to that of fiat cash.
I have bitcoin because i like to invest money for the future of my family, but i always have cash for daily used and savings to my bank account.
Just know when Bitcoin will be at its lowest and sell it at its highest. I am sure you will save enough for you family. If you do get some earnings, don't forget to treat your family to a nice dinner. It's always about enjoying some of your earnings! Good luck to you and your family bro!
I have bitcoin because i like to invest money for the future of my family, but i always have cash for daily used and savings to my bank account.
Portability of btc is way better than cash
Correct, but there is one thing where Bitcoin can't gain an advantage over cash, and that is when it comes to conducting offline transactions.With Bitcoin you always depend on internet when you want to transact with another person, while you don't need any internet to do the same with cash.
Every cash transaction is between you and the other person. No records or logs are kept which can potentially be used against you.
You dont need to provide any personal information for buying bitcoins these days.
I disagree.
Please explain to me how you would go about buying say,
$10,000 worth of Bitcoins right now without providing any personal information on any site.
I would argue that Bitcoin is far from anonymous.
Unless you already have the coins in your possession, and never want to convert them to fiat ever,
at some point you need to tie it to your personal information.
I guess you can do that on localbitcoins.com where you don't need to provide any personal information to the person who sells you his coins, you probably don't need to buy them all at once, buy them in portions.
Why have bitcoin instead of real money simply because it is easier to use and more safe than any other bank accounts who steals your money for every transaction plus bitcoin has more value.
Good point that bitcoin is very easier to use for any shopping or for other transaction and i also feel safe and secure with bitcoin and i do not feel worry from thief when i hold my bitcoin in my wallet because bitcoin is very much secure currency than other currency.that's for sure, not a thief steals your Bitcoin physically. But there is another danger - can in fact crack the wallet. And the worst thing is that the price of Bitcoin may fall.
Same thoughts mate. It's very secured they are very strict with their compliance for registering your account information to your wallet before you get your bitcoins and convert it into cash.
You dont need to provide any personal information for buying bitcoins these days.
I disagree.
Please explain to me how you would go about buying say,
$10,000 worth of Bitcoins right now without providing any personal information on any site.
I would argue that Bitcoin is far from anonymous.
Unless you already have the coins in your possession, and never want to convert them to fiat ever,
at some point you need to tie it to your personal information.
I guess you can do that on localbitcoins.com where you don't need to provide any personal information to the person who sells you his coins, you probably don't need to buy them all at once, buy them in portions.
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