Why have Bitcoin instead of cash? - page 116.

ObscureBean

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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.

rizkyhiw

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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

goinmerry

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Quote from: godin on September 19, 2016, 10:02:15 PM

bitcoin , there are many ways to develop it although with low capital , and cash not so many

It is the contrary. If what you are saying is makig some bitcoin online rather than dollar then it is wrong. There are a lot of ways to make many online with USD, the only problem is they were taken. Those people that dp jobs like that dont want to waste the opportunity like that. So they cling to it for a long time.

Galer

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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.

HaXX0R1337

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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?

jossiel

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Quote from: godin on September 19, 2016, 10:02:15 PM

bitcoin , there are many ways to develop it although with low capital , and cash not so many

I disagree in cash there are a lot of developments that we can do even you are going to have low amount of capital only.

It is just going to depend on how you are going to manage and plan to use your money in profitable way. But I am liking the use of bitcoin.

Because I have experience that my cash was being robbed by someone so with bitcoin that is not going to happen anymore.

Skarner21

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Massive price drop coming...

Quote from: stadus on September 19, 2016, 11:16:38 PM

Quote from: universe_ on September 19, 2016, 08:20:28 PM

Quote from: relq on September 17, 2016, 11:13:33 PM

Quote from: X-ray on September 17, 2016, 10:55:48 PM

Quote from: Japinat on September 17, 2016, 09:54:48 PM

Quote from: bitlancr on September 17, 2016, 03:29:55 PM

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.

stadus

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Quote from: universe_ on September 19, 2016, 08:20:28 PM

Quote from: relq on September 17, 2016, 11:13:33 PM

Quote from: X-ray on September 17, 2016, 10:55:48 PM

Quote from: Japinat on September 17, 2016, 09:54:48 PM

Quote from: bitlancr on September 17, 2016, 03:29:55 PM

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.

godin

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bitcoin , there are many ways to develop it although with low capital , and cash not so many

kim.apps

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I believe cash is not so good as btc in security matter, but it is still better for using... It is so hard to spend btcs well online, because many shops still don't accept it.

universe_

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Quote from: relq on September 17, 2016, 11:13:33 PM

Quote from: X-ray on September 17, 2016, 10:55:48 PM

Quote from: Japinat on September 17, 2016, 09:54:48 PM

Quote from: bitlancr on September 17, 2016, 03:29:55 PM

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

dandroid

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I think that btc certainly will be the future money, there is potential for it, and that is because the world is also getting more digital, this is perfect for the crypto itself because it will become more and more used...

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Quote from: d@nte on September 18, 2016, 04:13:28 AM

I do not think you should try having all in btcs and nothing in fiat money. Because you can not buy everything with bitcoin, you also need cash, of course..

you are definitely right about it, i think you would be a fool if you invested everything you have in only one thing because it is way too risky and you can lose everything all at once

i have bitcoins instead of cash because of a wide variety of reasons, first of all bitcoins are not regulated by anyone, also you can use bitcoins whenever you want and the inflation cannot be caused by making bitcoins endlessly

nejibens

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I prefer using Bitcoin instead of cash when i have the possibility to choose, but this possibility isn't always available, so i use cash and fiat as well

Hellacopter

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Quote from: HarryKPeters on September 18, 2016, 12:06:33 PM

I rather advice to have both then just 1. Because bitcoin is good when you want to make day to day online payments. While cash is handy for your real life payments.
The moment bitcoin adoption will come i am certain that you can use bitcoin in fysical shops too.

Agree. Indeed we need both actually and we can't deal online or offline just by Bitcoins. There is a lot of marketplaces online not supporting Bitcoin right now

HarryKPeters

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I rather advice to have both then just 1. Because bitcoin is good when you want to make day to day online payments. While cash is handy for your real life payments.
The moment bitcoin adoption will come i am certain that you can use bitcoin in fysical shops too.

lionheart78

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Quote from: d@nte on September 18, 2016, 04:13:28 AM

I do not think you should try having all in btcs and nothing in fiat money. Because you can not buy everything with bitcoin, you also need cash, of course..

yeah i agree and it would be a disaster for you if you only keep bitcoin and have no cash in hand. First, not all store accept bitcoin, and local store that accept bitcoin is very rare to find. At this moment, supermarket don't accept bitcoin in my country so i really need a cash to buy my food. Gasoline station don't accept bitcoin too, so if you are in a middle of your travel and you run out of gas and you only have bitcoin, i doubt you can be able to refill your tank by paying BTC. So basically, it is very essential to have cash in hand.

goldcoinminer

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Quote from: asriloni on September 18, 2016, 05:02:04 AM

Quote from: Ziskinberg on September 18, 2016, 04:00:13 AM

Actually confirmation is not really necessary because one you see the transaction in the blockchain that is good as transacted already and you cannot reverse that anymore, therefore bitcoin is faster than cash in transaction online.

you're so damn very wrong,when transaction is not yet confirmed,the transaction could possible being rejected by the network,thus the money will back to the sender,and it's could usually be done by doing double spending or making transaction without fee,that's why every website that accept bitcoin need atleast 1 confirmation for every transaction

I know gambling sites do credit your deposits even with unconfirmed transaction, but anyway you cannot withdraw it directly because they will require a confirmation, the minimum I guess is 1 confirmation. This has been their method to fast track the transaction and increase their profits.

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Quote from: Ziskinberg on September 18, 2016, 04:00:13 AM

Actually confirmation is not really necessary because one you see the transaction in the blockchain that is good as transacted already and you cannot reverse that anymore, therefore bitcoin is faster than cash in transaction online.

you're so damn very wrong,when transaction is not yet confirmed,the transaction could possible being rejected by the network,thus the money will back to the sender,and it's could usually be done by doing double spending or making transaction without fee,that's why every website that accept bitcoin need atleast 1 confirmation for every transaction

d@nte

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I do not think you should try having all in btcs and nothing in fiat money. Because you can not buy everything with bitcoin, you also need cash, of course..

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