Why have Bitcoin instead of cash? - page 103.

Indrawan77

hero member

Activity: 1274

Merit: 516

Quote from: BitAlien16 on November 05, 2016, 01:27:27 PM

Quote from: KingdomHearts on November 05, 2016, 12:54:55 PM

Quote from: seven2smoke on November 03, 2016, 12:04:21 PM

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.

I think bitcoin wallet security is very strong, never heard anyone got hacked yet, and yes bitcoin price may fall but it also has the chances to up, and i don't think fiat value can increase as much as bitcoin can, so bitcoin is better than cash

arbitrage001

legendary

Activity: 1067

Merit: 1000

Portability of btc is way better than cash

BitAlien16

newbie

Activity: 40

Merit: 0

Quote from: KingdomHearts on November 05, 2016, 12:54:55 PM

Quote from: seven2smoke on November 03, 2016, 12:04:21 PM

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.

KingdomHearts

hero member

Activity: 896

Merit: 514

Quote from: seven2smoke on November 03, 2016, 12:04:21 PM

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.

Shiroslullaby

sr. member

Activity: 434

Merit: 250

Quote from: Mastsetad on November 05, 2016, 12:17:15 PM

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.

Bitcoinsummoner

hero member

Activity: 1456

Merit: 624

Maintain Social Distance, Stay safe.

Quote from: alucard23 on November 05, 2016, 10:32:12 AM

For me, one of the great advantages is that, besides being used as a fast and safe currency, Bitcoin allows to make profit, being somehow a good investment for the long term.

I think for me bitcoin is still not so safe in my view because i saw many scam site out there and scammers.. because of anonymity but in fast transaction it is a good performance since we can decide if we want fast transaction or with in 25 blocks according to your speed you want..
And the other benefits year it is good for investment for long term since we already experience of price increase..

Mastsetad

sr. member

Activity: 672

Merit: 250

Quote from: tee-rex on November 04, 2016, 01:11:58 PM

Quote from: Mastsetad on November 04, 2016, 10:54:10 AM

Quote from: Qartersa on November 04, 2016, 09:41:24 AM

Bitcoin is much safer and now also very easy to store. You can be robbed of cash, and that is not okay.
Bitcoin wallets are also excellent to use, and that is also critical for Bitcoin. And it is also free, so that is magnificent.

The best part of bitcoin is its anonymity, that even if you have millions of dollars no one would even come to know about it unless you tell someone yourself but if you have cash then they can be a threat for you in the world as anyone can try blackmailing you or doing something like that to get your money.

Methinks, if you have millions of dollars you could hardly remain anonymous even if you decided to enter Bitcoin with all your money up to the hilt. And it is not so much about keeping anonymity while having thousands of bitcoins, which is debatable itself, as spending these millions of dollars without leaving a trace when buying bitcoins, which is not very likely even if your millions are pure cash.

Having thousands of bitcoins is not my point, my point is that if you convert the money you have in fiat to bitcoin and keep them in a wallet, even you could use a mixer for not letting anyone get to them and then keep them in a new wallet, how come would someone come to know that those bitcoins belong to you? You dont need to provide any personal information for buying bitcoins these days.

alucard23

member

Activity: 63

Merit: 10

For me, one of the great advantages is that, besides being used as a fast and safe currency, Bitcoin allows to make profit, being somehow a good investment for the long term.

Qartersa

hero member

Activity: 868

Merit: 535

Quote from: goldcoinminer on November 04, 2016, 10:04:50 PM

Quote from: Maslate on November 04, 2016, 08:51:28 PM

Quote from: tee-rex on November 04, 2016, 01:11:58 PM

Quote from: Mastsetad on November 04, 2016, 10:54:10 AM

Quote from: Qartersa on November 04, 2016, 09:41:24 AM

Bitcoin is much safer and now also very easy to store. You can be robbed of cash, and that is not okay.
Bitcoin wallets are also excellent to use, and that is also critical for Bitcoin. And it is also free, so that is magnificent.

The best part of bitcoin is its anonymity, that even if you have millions of dollars no one would even come to know about it unless you tell someone yourself but if you have cash then they can be a threat for you in the world as anyone can try blackmailing you or doing something like that to get your money.

Methinks, if you have millions of dollars you could hardly remain anonymous even if you decided to enter Bitcoin with all your money up to the hilt. And it is not so much about keeping anonymity while having thousands of bitcoins, which is debatable itself, as spending these millions of dollars without leaving a trace when buying bitcoins, which is not very likely even if your millions are pure cash.

Actually bitcoin is more favorable to the rich so the government will not notice their spending or transaction using their money, when using cash the eyes of the government from the big spender is very hot due to the tax collectibles, in bitcoin there is no problem as there is no tax at all.

Because they are free to use it in illegal activities or having fun in the internet like gambling, with bitcoin they have more freedom to spend their money in the internet and that's make them more satisfied for having a financial freedom. With bitcoin, there's no limitation at all.

I agree. Bitcoin gives alot of freedom compared to using fiat currency. Bitcoin users are more free to move in the internet than using credit cards which can be stolen easily when used online and also you have to disclose your identity. In Bitcoin, you stay anonymous and transactions are not very limited.

goldcoinminer

hero member

Activity: 952

Merit: 500

Quote from: Maslate on November 04, 2016, 08:51:28 PM

Quote from: tee-rex on November 04, 2016, 01:11:58 PM

Quote from: Mastsetad on November 04, 2016, 10:54:10 AM

Quote from: Qartersa on November 04, 2016, 09:41:24 AM

Bitcoin is much safer and now also very easy to store. You can be robbed of cash, and that is not okay.
Bitcoin wallets are also excellent to use, and that is also critical for Bitcoin. And it is also free, so that is magnificent.

The best part of bitcoin is its anonymity, that even if you have millions of dollars no one would even come to know about it unless you tell someone yourself but if you have cash then they can be a threat for you in the world as anyone can try blackmailing you or doing something like that to get your money.

Methinks, if you have millions of dollars you could hardly remain anonymous even if you decided to enter Bitcoin with all your money up to the hilt. And it is not so much about keeping anonymity while having thousands of bitcoins, which is debatable itself, as spending these millions of dollars without leaving a trace when buying bitcoins, which is not very likely even if your millions are pure cash.

Actually bitcoin is more favorable to the rich so the government will not notice their spending or transaction using their money, when using cash the eyes of the government from the big spender is very hot due to the tax collectibles, in bitcoin there is no problem as there is no tax at all.

Because they are free to use it in illegal activities or having fun in the internet like gambling, with bitcoin they have more freedom to spend their money in the internet and that's make them more satisfied for having a financial freedom. With bitcoin, there's no limitation at all.

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Quote from: tee-rex on November 04, 2016, 01:11:58 PM

Quote from: Mastsetad on November 04, 2016, 10:54:10 AM

Quote from: Qartersa on November 04, 2016, 09:41:24 AM

Bitcoin is much safer and now also very easy to store. You can be robbed of cash, and that is not okay.
Bitcoin wallets are also excellent to use, and that is also critical for Bitcoin. And it is also free, so that is magnificent.

The best part of bitcoin is its anonymity, that even if you have millions of dollars no one would even come to know about it unless you tell someone yourself but if you have cash then they can be a threat for you in the world as anyone can try blackmailing you or doing something like that to get your money.

Methinks, if you have millions of dollars you could hardly remain anonymous even if you decided to enter Bitcoin with all your money up to the hilt. And it is not so much about keeping anonymity while having thousands of bitcoins, which is debatable itself, as spending these millions of dollars without leaving a trace when buying bitcoins, which is not very likely even if your millions are pure cash.

Actually bitcoin is more favorable to the rich so the government will not notice their spending or transaction using their money, when using cash the eyes of the government from the big spender is very hot due to the tax collectibles, in bitcoin there is no problem as there is no tax at all.

tee-rex

hero member

Activity: 742

Merit: 526

Quote from: Mastsetad on November 04, 2016, 10:54:10 AM

Quote from: Qartersa on November 04, 2016, 09:41:24 AM

Bitcoin is much safer and now also very easy to store. You can be robbed of cash, and that is not okay.
Bitcoin wallets are also excellent to use, and that is also critical for Bitcoin. And it is also free, so that is magnificent.

The best part of bitcoin is its anonymity, that even if you have millions of dollars no one would even come to know about it unless you tell someone yourself but if you have cash then they can be a threat for you in the world as anyone can try blackmailing you or doing something like that to get your money.

Methinks, if you have millions of dollars you could hardly remain anonymous even if you decided to enter Bitcoin with all your money up to the hilt. And it is not so much about keeping anonymity while having thousands of bitcoins, which is debatable itself, as spending these millions of dollars without leaving a trace when buying bitcoins, which is not very likely even if your millions are pure cash.

Mastsetad

sr. member

Activity: 672

Merit: 250

Quote from: Qartersa on November 04, 2016, 09:41:24 AM

Bitcoin is much safer and now also very easy to store. You can be robbed of cash, and that is not okay.
Bitcoin wallets are also excellent to use, and that is also critical for Bitcoin. And it is also free, so that is magnificent.

The best part of bitcoin is its anonymity, that even if you have millions of dollars no one would even come to know about it unless you tell someone yourself but if you have cash then they can be a threat for you in the world as anyone can try blackmailing you or doing something like that to get your money.

Qartersa

hero member

Activity: 868

Merit: 535

Bitcoin is much safer and now also very easy to store. You can be robbed of cash, and that is not okay.
Bitcoin wallets are also excellent to use, and that is also critical for Bitcoin. And it is also free, so that is magnificent.

Japinat

hero member

Activity: 3052

Merit: 685

Quote from: Caladonian on November 04, 2016, 02:58:47 AM

Quote from: qiwoman2 on November 04, 2016, 12:50:25 AM

I would like more and more people to be using bitcoin as you don't need to carry it around like regular cash, but it does mean that you need to be more tech savvy than most and teaching the older generations is going to be a tough one.

thats the problem with adoption since more third world country still don't have enough knowledge about this currency so cash will still there option.

I think they have the knowledge already as long as they know how to access the internet. The big problem there is the trust, it is not easy to convince people to use bitcoin and to make this as part of his life.

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: qiwoman2 on November 04, 2016, 12:50:25 AM

I would like more and more people to be using bitcoin as you don't need to carry it around like regular cash, but it does mean that you need to be more tech savvy than most and teaching the older generations is going to be a tough one.

thats the problem with adoption since more third world country still don't have enough knowledge about this currency so cash will still there option.

minizi99

full member

Activity: 242

Merit: 100

Quote from: qiwoman2 on November 04, 2016, 12:50:25 AM

I would like more and more people to be using bitcoin as you don't need to carry it around like regular cash, but it does mean that you need to be more tech savvy than most and teaching the older generations is going to be a tough one.

I would also like to Bitcoin began to use everywhere. And for him to have more information, not only on the Internet. This information should be positive and show the advantages Bitcoin

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

I would like more and more people to be using bitcoin as you don't need to carry it around like regular cash, but it does mean that you need to be more tech savvy than most and teaching the older generations is going to be a tough one.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

Quote from: soyayut on November 03, 2016, 08:31:57 PM

I wouldn't say it's a question of security. Cash is secure enough if you take care of yourself ^^

It's more that bitcoin has no limit. Cash can be used only face to face and for limited amounts (otherwise it's a crime) whereas bitcin can be used in Australia to send money to the USA. Rather practical no? xD

It's actually depends on the purpose of using the money (Bitcoin and cash). They have can be useful in any transactions however bitcoin is just limited to online transaction as it is primary design for online transaction only. Some people treated bitcoin as an investment, but they cannot treat cash as investment due to inflation.

soyayut

newbie

Activity: 13

Merit: 0

I wouldn't say it's a question of security. Cash is secure enough if you take care of yourself ^^

It's more that bitcoin has no limit. Cash can be used only face to face and for limited amounts (otherwise it's a crime) whereas bitcin can be used in Australia to send money to the USA. Rather practical no? xD

Topic: Why have Bitcoin instead of cash? - page 103. (Read 246169 times)