Why have Bitcoin instead of cash? - page 115.

chaser15

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Quote from: betlord90 on September 21, 2016, 04:03:01 AM

Quote from: Reid on September 21, 2016, 12:40:14 AM

The percentage of getting robbed is smaller than piling up my money in my closet. Grin

My money is also invested and somehow I can also withdraw it to cash whenever I want it. Unlike just having an ATM also where your money just stays to what you put in it.
So this is way better than any other.

Yes thats true because now a days many robbery anywhere you are so bitcoin is safer than cash because in case of robbery okay to get your cell phone because you're so safe the money in bitcoin wallet. I will choose the bitcoin instead of cash to my own good and safe.

May I know how can you withdraw your bitcoin converted to fiat there in your place?

If it's not different on how you are withdrawing your usual fiat then your statement is nothing. About the ATM thing, it requires a PIN and also you can call your bank right away to blocked the card. It's just a seconds process here in our country.

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Quote from: Reid on September 21, 2016, 12:40:14 AM

The percentage of getting robbed is smaller than piling up my money in my closet. Grin

My money is also invested and somehow I can also withdraw it to cash whenever I want it. Unlike just having an ATM also where your money just stays to what you put in it.
So this is way better than any other.

Yes thats true because now a days many robbery anywhere you are so bitcoin is safer than cash because in case of robbery okay to get your cell phone because you're so safe the money in bitcoin wallet. I will choose the bitcoin instead of cash to my own good and safe.

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Quote from: livinglegend on September 20, 2016, 06:44:21 PM

The main reasons are low fees, fast transactions and safety. Why should you pay more in a money transfer company like the western union and others like that if you can do it through bitcoin. So simple and faster, imo.

yeah something in the form of digital or not the cash will be more simple and flexible. This is a method of payment or currencies highly sophisticated I believe the system of bitcoin can survive even be developed until a future time. because everything will be all-digital future

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Quote from: Reid on September 21, 2016, 12:40:14 AM

The percentage of getting robbed is smaller than piling up my money in my closet. Grin

My money is also invested and somehow I can also withdraw it to cash whenever I want it. Unlike just having an ATM also where your money just stays to what you put in it.
So this is way better than any other.

I think bitcoin and cash are both good and we cannot just choose one because we cannot use our bitcoins without cash and we cannot grow our cash without bitcoin, they are interrelated and they work together to give us convenience and income at the same time.

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The percentage of getting robbed is smaller than piling up my money in my closet. Grin

My money is also invested and somehow I can also withdraw it to cash whenever I want it. Unlike just having an ATM also where your money just stays to what you put in it.
So this is way better than any other.

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Quote from: livinglegend on September 20, 2016, 06:44:21 PM

The main reasons are low fees, fast transactions and safety. Why should you pay more in a money transfer company like the western union and others like that if you can do it through bitcoin. So simple and faster, imo.

This is why we really have to choose bitcoin instead of fiat money. And we don't have bring it to our pocket as many robbers are everywhere.

This is going to make secure your money if you are going to convert it to bitcoin and you are going to be convenient as you are going to use it.

And you can save a lot of time and money if you are going to use bitcoin.

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The main reasons are low fees, fast transactions and safety. Why should you pay more in a money transfer company like the western union and others like that if you can do it through bitcoin. So simple and faster, imo.

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You can't use cash online. But you can spent bitcoin online. You might say well but you can't spend bitcoin offline, but that's not entirely true, as you can just hand someone a bitcoin wallet offline if needed (but if the other person doesn't have internet, he can't check the balance).

Bitcoin doesn't weight anything, so it's easier to carry than cash.

At airports and such yo aren't allowed to take more than $10,000 with you. But with bitcoin that doesn't matter.

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Quote from: rizkyhiw on September 20, 2016, 02:48:50 AM

Quote from: Galer on September 20, 2016, 01:30:52 AM

Quote from: HaXX0R1337 on September 20, 2016, 01:04:29 AM

i think that it is a good idea to have btc instead of cash because you can convert them anywhere, even in the middle of the night.
So for example if you made 2000$ in US, and you converted them to btc before traveling to pakistan- you can withdraw then in pakistan without holding cash with you.
Seems great right?

Yes its correct and Bitcoin price is have a moment that can increase a huge amount of dollars compared into the cash that need you to wait until the time your money value is increase.

yeah this is what i call as wonderful thing !
you can use bitcoin & convert it anywhere anydays to any kind cash! not like fiat
it was the most wanted advantage of bitcoin
and also in bitcoin you like hold an investment and a currency at same time

For that reason I like to keep my money in bitcoin and want to spend bitcoin for my expenditures as I know that the price of bitcoin increases it is just like investment and also a good currency and I have doubt that if i withdraw my money from there and then the price increased then it will be very sad for me.

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I consider bitcoin a better alternative when you need to send money to long distances, with low rates and more safely. I believe that users who adopt it as a currency could benefit from it.

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Quote from: Caladonian on September 20, 2016, 07:10:46 AM

theres also positive side of it what if you got lucky and the price jump up twice as btc is fluctuating and chances always happen. unlike cash the amount will remain as it is.

Looks like you don't know how cash trades really is. Look at those forex traders. Didn't you know that even for a small amount price movement of fiat against the other currency the return is really interesting?

With the stable price of cash, it's really common for small price margin movements for this type of money but the return is still interesting.

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And one reason also its not stable prize which you can earn even just holding this coin in your wallet specially when it increase because bitcoin is an investment itself but also its its have little bit danger when the price decrease.

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Quote from: bamboylee on September 20, 2016, 07:02:37 AM

Quote from: ObscureBean on September 20, 2016, 03:12:54 AM

Quote from: HaXX0R1337 on September 20, 2016, 01:04:29 AM

i think that it is a good idea to have btc instead of cash because you can convert them anywhere, even in the middle of the night.
So for example if you made 2000$ in US, and you converted them to btc before traveling to pakistan- you can withdraw then in pakistan without holding cash with you.
Seems great right?

Sure it's a great way to sneak money out of the country but you should probably convert it back to dollars or the local currency as soon as you arrive. The flight from the US to Pakistan is like what? 13 hrs? Anything can happen in that time, imagine leaving the US with $2,000 and having only $1,100 when you land Cheesy

If you need to have access to the money immediately after you land, make sure you don't do it at a time when the price is fluctuating widely.

That is a pain. But I think even if bitcoin is fluctuating, it is not fluctuating that much anymore. Unless there is a bad news or another hack. But you can just wait it out and convert it back when the prize goes back up.

theres also positive side of it what if you got lucky and the price jump up twice as btc is fluctuating and chances always happen. unlike cash the amount will remain as it is.

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Quote from: ObscureBean on September 20, 2016, 03:12:54 AM

Quote from: HaXX0R1337 on September 20, 2016, 01:04:29 AM

i think that it is a good idea to have btc instead of cash because you can convert them anywhere, even in the middle of the night.
So for example if you made 2000$ in US, and you converted them to btc before traveling to pakistan- you can withdraw then in pakistan without holding cash with you.
Seems great right?

Sure it's a great way to sneak money out of the country but you should probably convert it back to dollars or the local currency as soon as you arrive. The flight from the US to Pakistan is like what? 13 hrs? Anything can happen in that time, imagine leaving the US with $2,000 and having only $1,100 when you land Cheesy

If you need to have access to the money immediately after you land, make sure you don't do it at a time when the price is fluctuating widely.

That is a pain. But I think even if bitcoin is fluctuating, it is not fluctuating that much anymore. Unless there is a bad news or another hack. But you can just wait it out and convert it back when the prize goes back up.

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I think that the bitcoin is safe and if it gets bigger you could pay anywhere all over the world with it, if you have your phone with you, you also will have money too so that is pretty nice.
The bitcoin has a great future and its that you can control your own money too.

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Quote from: Skarner21 on September 19, 2016, 11:19:49 PM

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Quote from: BIT-Sharon on July 08, 2015, 02:33:37 AM

Besides, Bitcoin is an invisible gold and do not be restricted by the customs.

With Bitcoin you can make more money which can lead to more cash in the end but I think that currency wise cash at the moment is better.
There are still allot of stores that do not accept but every store expect for those online except Bitcoin.

Because bitcoin nowadays is only good for investment because there are less stores who are accepting bitcoin, we are just in the early phase and you cannot expect everybody to adopt, we need more time.

so what about buying gift cards and then use it to buy in the following stores? i think the result will be the same as you will receiving the stuffs that you just expected from the beginning and saying bitcoin only good for investment is definitely wrong,there's another feature that can make your life more easy with bitcoin

For me it's more complicated, if you using bitcoin buying that stuff, it's more simple because you don't need bring your wallet and i'm sure people want fast and instant payment in the future.

thats true, with bitcoins it would be way easier to pay for anything you buy because you would just need a phone

LOL, it is not easier for the majority dude, bitcoin is good only for people who likes to transact online but more than half of the population in this world does not transact online, they are getting use of using the simple way to transact which is using their fiat.

I think they are using bitcoin to make a good profit they are buying bitcoins to use in trading gambling or to use in their business online..
Buying bitcoins is investment. not only for transaction.

i am agree with last quote, and yes there are many of us using bitcoin bitcoin to make profit and then convert it into fiat. and for us which using bitcoin as trading, we only want to make money and then withdraw the bictoin into real money so we can buy anything we want.

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Quote from: ElpadroBitcoin on September 20, 2016, 04:31:03 AM

Quote from: Kyhm on August 06, 2016, 05:57:05 AM

Bitcoin is the most accessible money globally , wherever you are.
Despite the fact that it is not known like dollar $ ..

Indeed so if we make it known like dollars then imagine the potential and how big it could get.
It means more people would buy into it raising the value higher letting more shops accept it etc etc once the chain starts it doesn't stop.

just needed more exposures and support coming from us who already playing with it, bitcoin can do more in our everyday life. hope to see that btc can be just like cash in every side of the world.

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Quote from: Kyhm on August 06, 2016, 05:57:05 AM

Bitcoin is the most accessible money globally , wherever you are.
Despite the fact that it is not known like dollar $ ..

Indeed so if we make it known like dollars then imagine the potential and how big it could get.
It means more people would buy into it raising the value higher letting more shops accept it etc etc once the chain starts it doesn't stop.

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Quote from: Batelk on August 13, 2016, 05:58:01 AM

Quote from: Andarin on August 13, 2016, 01:48:41 AM

Quote from: goldcoinminer on August 13, 2016, 12:51:49 AM

Quote from: greatr on August 12, 2016, 10:11:39 AM

Quote from: Japinat on August 08, 2016, 10:44:09 PM

There's no need of longest wait to have your money,no charges,no bank transactions , the fastest way of claiming money.Asking bitcoin or cash?Simply for me bitcoin..

of course cash is not worth using at the moment, in my opinion it would be better to have only bitcoins right now as it is easier to use

Your cash should be save or spend but your bitcoins is for investment, at the moment the best option is to invest our bitcoins as the price is pretty cheap now and we have a big chance to make money in the future so we need to be a wise investor rather than a spender.

Bitcoin value is appreciating but your cash is not, unless you have your own money exchanger though it's a good business. What I am talking about is Bitcoin value increases, we can't deny the fact that those who invested in Bitcoin, we call them early bird, I am pretty sure that they are in profit and earned a lot from Bitcoin. So, if the cash we have on our hand invested in Bitcoin I am sure that the value will appreciate, in just a matter of time.

That is the reason I convert most of my cash into bitcoin and other investments such as stocks to avoid depreciation.

That's a good choice tbh. I have bitcoin instead of cash because I find cash outdated and mind numbing.
Cash controls alot in the world but bitcoin would be alot more good for the world, although I don't think we will be THE global currency.

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Quote from: rizkyhiw on September 20, 2016, 02:48:50 AM

Quote from: Galer on September 20, 2016, 01:30:52 AM

Quote from: HaXX0R1337 on September 20, 2016, 01:04:29 AM

i think that it is a good idea to have btc instead of cash because you can convert them anywhere, even in the middle of the night.
So for example if you made 2000$ in US, and you converted them to btc before traveling to pakistan- you can withdraw then in pakistan without holding cash with you.
Seems great right?

Yes its correct and Bitcoin price is have a moment that can increase a huge amount of dollars compared into the cash that need you to wait until the time your money value is increase.

yeah this is what i call as wonderful thing !
you can use bitcoin & convert it anywhere anydays to any kind cash! not like fiat
it was the most wanted advantage of bitcoin
and also in bitcoin you like hold an investment and a currency at same time

Exactly said. As mentioned bitcoin is the only currency that got access of usability similar to currency as well investment. Also no other currency value varies in accordance to time similar to other physical currencies. For this reason its better to have bitcoin than cash. At the same right now cash is needed for use as we haven't got big acceptance for bitcoin among stores.

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