Topic: Why have Bitcoin instead of cash? - page 107. (Read 246148 times)
with bitcoin we do not need to use the bank to control and save our money, bitcoin is a good way to use it to meet your needs is more secure than cash itself and you are your own bank.
Because bitcoin can be used as investement and currency both together where as cash can only be used to spend also bitcoin we can use only sitting at our home comfort,doing mobile recharges or paying bills with bitrefill,or shopping at purse.io.
just as I sometimes I use bitcoin sometimes also use usd for investement, but easier to use PHP in my opinion
So i think he is talking about that he want to receive it as php or philippine money as what i understand what he saying..
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.
In some points, i absolutely agree with you. The security of bitcoin system, as well as the blockchain, is remarkable, no Fiat can match with them. If you know the way of storing bitcoin in hardware drive, you will never have to worry about being hacked. Well, and bitcoin is totally fast, worldwide transactions in a blink of an eye "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.
Because bitcoin can be used as investement and currency both together where as cash can only be used to spend also bitcoin we can use only sitting at our home comfort,doing mobile recharges or paying bills with bitrefill,or shopping at purse.io.
just as I sometimes I use bitcoin sometimes also use usd for investement, but easier to use PHP in my opinion
I do not understand why some people pay for everyday purchases Bitcoins. For me it's the same as if I buy a bar of gold, and in any cafe will saw off pieces of gold instead of dollars. Bitcoin is an investment for me.
It is not only that. Bitcoin is like gold, in the sense it should be mainly used for investments purposes primarily. Methinks, it would not be truly a good idea to use, for example, gold coins instead of cash, even if you got market exchange rates in the process. On the other hand, buying with Bitcoin things of true and lasting value like land, condos, real estate seems to be perfectly fine with me.
You seems to not be getting the idea that bitcoin is definitely different from gold. Some people might say that it is some kind of internet gold however it is actually really different however on one hand you are right that the value of it will keep on getting higher each time passes
But I never said that Bitcoin is gold. All I said is that Bitcoin is like gold and even specified in which aspect exactly it is like gold. It is like gold since both gold and Bitcoin are mostly used for investment purposes currently. It seems that a lot of people on the forum have nothing else to do but get themselves busy in nitpicking without a second thought whether their attempts at criticizing others had any relevance as well as validity to the matter in question.
It is not only that. Bitcoin is like gold, in the sense it should be mainly used for investments purposes primarily. Methinks, it would not be truly a good idea to use, for example, gold coins instead of cash, even if you got market exchange rates in the process. On the other hand, buying with Bitcoin things of true and lasting value like land, condos, real estate seems to be perfectly fine with me.
You seems to not be getting the idea that bitcoin is definitely different from gold. Some people might say that it is some kind of internet gold however it is actually really different however on one hand you are right that the value of it will keep on getting higher each time passes
I understand on why people would have bitcoin instead of cash because with bitcoin you can end up with more money and you can end up with cash.
I still would like to have cash because then I would not have to go trough the whole bitcoin process.
I still would like to have cash because then I would not have to go trough the whole bitcoin process.
Yes, your right. for now, we need both cash and bitcoins. but with the recent launches of different bitcoin debit cards, we can go cashless shopping by just having bitcoins on your debit cards.
It is not only that. Bitcoin is like gold, in the sense it should be mainly used for investments purposes primarily. Methinks, it would not be truly a good idea to use, for example, gold coins instead of cash, even if you got market exchange rates in the process. On the other hand, buying with Bitcoin things of true and lasting value like land, condos, real estate seems to be perfectly fine with me.
Because bitcoin can be used as investement and currency both together where as cash can only be used to spend also bitcoin we can use only sitting at our home comfort,doing mobile recharges or paying bills with bitrefill,or shopping at purse.io.
in fact it is indeed easy to use bitcoin but for long term investment I think bitcoin is not an option, because the price could not be in the prediction is not necessarily the future bitcoin will continue to rise
Because bitcoin can be used as investement and currency both together where as cash can only be used to spend also bitcoin we can use only sitting at our home comfort,doing mobile recharges or paying bills with bitrefill,or shopping at purse.io.
And even if you don't invest the money you have in bitcoins it will still be counted as an investment because the price of bitcoin grows with the time, while if you have that amount in cash it will be the same even if you keep them for years in a safe place.
I understand on why people would have bitcoin instead of cash because with bitcoin you can end up with more money and you can end up with cash.
I still would like to have cash because then I would not have to go trough the whole bitcoin process.
I still would like to have cash because then I would not have to go trough the whole bitcoin process.
Yes, your right. for now, we need both cash and bitcoins. but with the recent launches of different bitcoin debit cards, we can go cashless shopping by just having bitcoins on your debit cards.
Because bitcoin can be used as investement and currency both together where as cash can only be used to spend also bitcoin we can use only sitting at our home comfort,doing mobile recharges or paying bills with bitrefill,or shopping at purse.io.
just as I sometimes I use bitcoin sometimes also use usd for investement, but easier to use PHP in my opinion
I would rather have bitcoins than cash as the digital currency is universal and will be accepted everywhere unlike cash which might not be welcome for exchange in certain parts of the world depending on the currency
Because bitcoin can be used as investement and currency both together where as cash can only be used to spend also bitcoin we can use only sitting at our home comfort,doing mobile recharges or paying bills with bitrefill,or shopping at purse.io.
Bitcoin is really attract my attention since my first glance. It has value , fast transaction and low fee rather than my local cash. That's why I like owning bitcoin over cash. Recently many online shop has accept bitcoin as payment method , which is really helpfull for me to purchase something with bitcoin in real life.
You are a complete risk taker, I do not see anymore here who are owing more bitcoins that cash, and I believe a clever person knows how to determine the purpose of cash and bitcoin, cash is only for spending and that is acceptable by all of us while bitcoin for the time being is good for investment and though a currency but there are only few establishment that supports the acceptance of bitcoin.I also use Bitcoin for investment. All other currency I use for different everyday payments. In addition, part of the currency I translate into Bitcoin. This is my strategy and I believe that the price for it will soon be over
Bitcoin is really attract my attention since my first glance. It has value , fast transaction and low fee rather than my local cash. That's why I like owning bitcoin over cash. Recently many online shop has accept bitcoin as payment method , which is really helpfull for me to purchase something with bitcoin in real life.
You are a complete risk taker, I do not see anymore here who are owing more bitcoins that cash, and I believe a clever person knows how to determine the purpose of cash and bitcoin, cash is only for spending and that is acceptable by all of us while bitcoin for the time being is good for investment and though a currency but there are only few establishment that supports the acceptance of bitcoin.
Bitcoin is really attract my attention since my first glance. It has value , fast transaction and low fee rather than my local cash. That's why I like owning bitcoin over cash. Recently many online shop has accept bitcoin as payment method , which is really helpfull for me to purchase something with bitcoin in real life.
because it is more convenient if you are going to use bitcoin
I will love cash to be with me as well as bitcoins,because is really important also in the real life.But talking about bitcoins,we cannot use cash online or sending the money all around the world cannot be possible with cash,but bitcoin makes that possible,in that case you should have bitcoin instead of cash.
Yes these both are important for us I have some cash for my local use and I have my remaining money in bitcoin and I have them in bitcoin because the future of bitcoin is much bright and in the future its value will be very high.I will love cash to be with me as well as bitcoins,because is really important also in the real life.But talking about bitcoins,we cannot use cash online or sending the money all around the world cannot be possible with cash,but bitcoin makes that possible,in that case you should have bitcoin instead of cash.
Yes these both are important for us I have some cash for my local use and I have my remaining money in bitcoin and I have them in bitcoin because the future of bitcoin is much bright and in the future its value will be very high.Jump to: