Why have Bitcoin instead of cash? - page 109.

jossiel

hero member

Activity: 2842

Merit: 625

Quote from: ajun96 on October 18, 2016, 07:03:15 PM

Quote from: outatime1 on October 12, 2016, 05:40:42 PM

Paying with bitcoin can be similar to using credit cards but without a bank as the middle man. It puts the money in our control and creates independence from banks.

yeah shop using bitcoin would like to shop using a credit card you do not need to carry physical money because you can directly pay via online or offline (with QR code) and then you're already paying for it, I think it would be simpler than with cash

And this is going to be more convenient rather than using those credit cards. People won't notice if you are going to be a bitcoin millionaire.

And you are using bitcoin for your daily transactions instead of cash, so the anonymity is still their if you want to hide yourself from the people surrounds you.

Using bitcoin, it is really convenient and safer.

chaser15

legendary

Activity: 2688

Merit: 1065

Undeads.com - P2E Runner Game

Quote from: Maslate on October 19, 2016, 10:42:05 PM

Quote from: arseaboy on October 19, 2016, 11:37:58 AM

Yes I agree it's better to bring bitcoin since it's invisible than with a money in your pocket which is more risky for robbers

. But in my country so few stores accepting bitcoin for payments. I believe soon some of us will adapt paying bitcoins.

At some point bitcoin is also better than cash as you said you can hide it and since it is anonymous people will not know about our ownership, however there are times also that we need cash because bitcoin is not that popular that we can spend it buying our daily needs.

Bitcoin is really more convenient than the usual cash transfer but I disagree with the anonymity purposes. If a country will put serious actions in those bitcoin local exchanger, they will need some information about those clients under that exchange. The said exchange must comply with country's law since we are talking about money here.

If bitcoin will soon be accepted in really lots of places worldwide, expect an exchanger which will really needs users information to minimize fraud activities.

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Quote from: arseaboy on October 19, 2016, 11:37:58 AM

Yes I agree it's better to bring bitcoin since it's invisible than with a money in your pocket which is more risky for robbers

. But in my country so few stores accepting bitcoin for payments. I believe soon some of us will adapt paying bitcoins.

At some point bitcoin is also better than cash as you said you can hide it and since it is anonymous people will not know about our ownership, however there are times also that we need cash because bitcoin is not that popular that we can spend it buying our daily needs.

arseaboy

hero member

Activity: 644

Merit: 500

Yes I agree it's better to bring bitcoin since it's invisible than with a money in your pocket which is more risky for robbers

. But in my country so few stores accepting bitcoin for payments. I believe soon some of us will adapt paying bitcoins.

ajun96

hero member

Activity: 658

Merit: 500

Quote from: outatime1 on October 12, 2016, 05:40:42 PM

Paying with bitcoin can be similar to using credit cards but without a bank as the middle man. It puts the money in our control and creates independence from banks.

yeah shop using bitcoin would like to shop using a credit card you do not need to carry physical money because you can directly pay via online or offline (with QR code) and then you're already paying for it, I think it would be simpler than with cash

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

Quote from: pinoycash on October 18, 2016, 10:44:36 AM

As of now, Bitcoins need fiat cash to serve its value. since there are very limited used of bitcoins on our everyday life. for now, bitcoins cannot replace fiat cash, but they can both co - exist

I know the fact that we still need cash for just building up the value of bitcoin but that doesn't mean that we are going to completely dump the use of cash. For me, the advantage if we are going to use bitcoin then you don't have to bring a physical wallet which can be a treasure in the sight of those robbers so you are going to be safe.

tee-rex

hero member

Activity: 742

Merit: 526

Quote from: 1Referee on October 18, 2016, 05:59:13 AM

Quote from: Aamir1 on October 18, 2016, 05:00:58 AM

I personally like to have my money kept as bitcoins because i believe in bitcoin and i know that it can grow higher in terms of value with the time which can grow the amount of money i have, and the second reason is i cannot earn money with fiat which i can do with bitcoin by trading other currencies with it in markets.

Well, in order to make profits with trading Bitcoin and altcoins, you buy Bitcoin with fiat first, and then put your coins to work whilst trading. In that aspect, fiat is in fact allowing you to make money. Wink

Just like you buy stocks with fiat, real estate, Gold, etc.

This is debatable. You may as well earn bitcoins directly by participating in a signature campaign here (seems to be the easiest way) or you may offer a service or do various jobs and get paid in bitcoins. Most likely, there are other ways to get bitcoins without fiat as an intermediary. For example, you may try to hack an exchange.

pinoycash

hero member

Activity: 1316

Merit: 514

As of now, Bitcoins need fiat cash to serve its value. since there are very limited used of bitcoins on our everyday life. for now, bitcoins cannot replace fiat cash, but they can both co - exist

molsewid

hero member

Activity: 2170

Merit: 530

There are many reason why we shouldn't pick one well for me i really want both bitcoin can really make cash, and cash can use to buy bitcoins for me bitcoin is just currency that we are using to make money from internet because of trading and many activities not like money we can use it physically .

Theb

hero member

Activity: 1680

Merit: 655

Quote from: Doamader on October 18, 2016, 06:00:45 AM

I do believe the most people are holding their coins or investing into crypto world, because they see what happened with bitcoin and crypto world is always changing, soo a new altcoin will try to fight to stay up.

New altcoins that are introduce recently are always a pump and dump coin. Meaning they will hype the coin up so that the price will increase and later the creators of the coin will be the ones selling it. It is a clever idea but almost everyone won't benefit it. People are actually not touching trading anymore as there is still things to be learn thoroughly so that mistakes will be few.

Ziskinberg

hero member

Activity: 2926

Merit: 636

Quote from: Doamader on October 18, 2016, 06:00:45 AM

I do believe the most people are holding their coins or investing into crypto world, because they see what happened with bitcoin and crypto world is always changing, soo a new altcoin will try to fight to stay up.

Actually the altcoins is not a competition of bitcoin but a platform that would help also promote bitcoin, most of the altcoins get the concept originally from bitcoin and they are just a way to make bitcoin more popular using their platform.

Doamader

hero member

Activity: 756

Merit: 501

I do believe the most people are holding their coins or investing into crypto world, because they see what happened with bitcoin and crypto world is always changing, soo a new altcoin will try to fight to stay up.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: Aamir1 on October 18, 2016, 05:00:58 AM

I personally like to have my money kept as bitcoins because i believe in bitcoin and i know that it can grow higher in terms of value with the time which can grow the amount of money i have, and the second reason is i cannot earn money with fiat which i can do with bitcoin by trading other currencies with it in markets.

Well, in order to make profits with trading Bitcoin and altcoins, you buy Bitcoin with fiat first, and then put your coins to work whilst trading. In that aspect, fiat is in fact allowing you to make money. Wink

Just like you buy stocks with fiat, real estate, Gold, etc.

error08

hero member

Activity: 1036

Merit: 514

Quote from: clickerz on October 12, 2016, 09:57:49 PM

Quote from: outatime1 on October 12, 2016, 05:40:42 PM

Paying with bitcoin can be similar to using credit cards but without a bank as the middle man. It puts the money in our control and creates independence from banks.

Thats true paying with bitcoin is hassle free. It favors mostly an online entrepreneur and freelancer. Imagine you have clients abroad and you receive your payments in a short period of time with minimal charges unlike money transfer.

Bitcoin offer some advantages than using fiat money, as it more widely use.
I like the way to earn and savings bitcoin as my future plan.

Aamir1

hero member

Activity: 756

Merit: 500

I personally like to have my money kept as bitcoins because i believe in bitcoin and i know that it can grow higher in terms of value with the time which can grow the amount of money i have, and the second reason is i cannot earn money with fiat which i can do with bitcoin by trading other currencies with it in markets.

mace15

hero member

Activity: 1428

Merit: 506

People use bitcoin instead of cash for the reason of less cost,
hassle free, less effort. These are the reasons why bitcoin
is being used instead of cash. Over the internet you can buy/
shop books.goods without using cash. Thus, this gives an
advantage to many users of bitcoin.

MaritiJames3

sr. member

Activity: 448

Merit: 250

I understand why some people would have Bitcoin instead of cash because with Bitcoin then can trade it in when it is wroth more money.
Eventually it is going to lead to cash so it does not even matter which one you pick.

Theb

hero member

Activity: 1680

Merit: 655

Quote from: fatima zuhra on October 13, 2016, 11:10:43 AM

in present time i think bitcoin is not yet using for more activities but i think in future bitcoin will be more convenient than cash to be use for all kind of activities, therefore it will be good to use bitcoin instead of cash in future.

Cash or Money is the most liquid asset ever. You don't need to transform it into something in order make it liquid as all people accept cash, But not all people accept Bitcoin that is the reality. Therefore Bitcoin has both disadvantage and advantage depending on your perspective. My perspective is that it takes a lot of time before I can convert it to cash therefore saving more. But people tend to spend everything that is in there wallet these days.

fatima zuhra

full member

Activity: 140

Merit: 100

in present time i think bitcoin is not yet using for more activities but i think in future bitcoin will be more convenient than cash to be use for all kind of activities, therefore it will be good to use bitcoin instead of cash in future.

23dzmaz

sr. member

Activity: 420

Merit: 250

I have bitcoin instead of cash because i have job in bitcoin and my salary is in bitcoin too. That's why i rather have bitcoin instead of cash, but i also need cash too for buying my daily things.

Topic: Why have Bitcoin instead of cash? - page 109. (Read 246148 times)