Why have Bitcoin instead of cash? - page 117.

Ziskinberg

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Quote from: Leonard2016 on September 17, 2016, 11:50:06 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.

you still need to bring something with yourself, that is your wallet even if it is digital wallet.

but it is generally easier and better to use bitcoin for example as a payment method because it is faster, and it can still be considered as an instant payment if you don't think about confirmation time for it.

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.

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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.

you still need to bring something with yourself, that is your wallet even if it is digital wallet.

but it is generally easier and better to use bitcoin for example as a payment method because it is faster, and it can still be considered as an instant payment if you don't think about confirmation time for it.

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Quote from: BTCfan97 on July 08, 2015, 02:10:49 AM

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.

another option to use bitcoin should also tell to your friend which is " it can not be fake like local money & and can be use like gold and can have most secured privacy of your money and its transactions .

relq

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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.

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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

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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.

bitlancr

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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.

ajun96

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Quote from: Rostadom on September 16, 2016, 07:49:40 AM

The only reason why you'll have Bitcoin instead of cash is because you're making money out of Bitcoin. You're investing your money in Bitcoins so you convert them into it. Bitcoin isn't essential in daily living, though. Cash would always be more appropriate whenever you're buying your daily needs and all the other stuffs. Bitcoins can only be used as an investment and as a way to pay people on the Internet.

I think because bitcoin is the future of the currency and commodities for which all financial transactions will be set on the internet and all currencies became digital, so I think reasonable if bitcoin not in the form of cash
because I thought the cash will be replaced by digital

adi33

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because bitcoin is still a lot of problems. if bitcoin be made in cash. eg crime of terrorism will easily send money easily. This may be one reason why bitcoin not be made in the currency Undecided

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Quote from: jossiel on September 17, 2016, 12:27:54 AM

Quote from: ironm@n on September 16, 2016, 03:52:36 PM

At the moment, when the bitcoin price is still very volatile, I do not think that bitcoin could already be so advantageous to pay our daily expenses..

For me if we are going to talk about convenience and safety then that is going to be a good way to consider bitcoin. But you are right with it because it is risky.

And the bitcoin wallets where our bitcoins are stored they are really secured and they can't be easily breach by group of hackers.

Unlike in cash, if someone sees you that you have a lot of cash in the pocket they can just rob you by forcing you to give it to them with the use of deadly weapons.

thats also the point why it is much better to hold btc instead of cash because anytime your life on risk when someone see you have a lot inside your bag then they will rob you to the point that possibly killing you.

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Quote from: utkarshm on September 16, 2016, 12:25:24 PM

Well both have different features and its own advantages and talking about bitcoin over cash,we can use bitcoin as a currency to buy things online and also at the same time we could use it as an investement to earn even more out of that,by investing it or just trading with them to generate some profit out of it.

Yeah that is actually the best thing about bitcoin because you can use it for online shopping if it is accepted as it is easier to use then any other currency and in the same time you are using it as an investment because it grows with the time so if you have some of them they are growing too.

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Quote from: jossiel on September 17, 2016, 12:27:54 AM

Quote from: ironm@n on September 16, 2016, 03:52:36 PM

At the moment, when the bitcoin price is still very volatile, I do not think that bitcoin could already be so advantageous to pay our daily expenses..

For me if we are going to talk about convenience and safety then that is going to be a good way to consider bitcoin. But you are right with it because it is risky.

And the bitcoin wallets where our bitcoins are stored they are really secured and they can't be easily breach by group of hackers.

Unlike in cash, if someone sees you that you have a lot of cash in the pocket they can just rob you by forcing you to give it to them with the use of deadly weapons.

Cash can be spent anytime we want to do it but bitcoins needs internet connection before you can spend it, the good thing of bitcoin is that the value will increase while the disadvantage of cash is the value will depreciate due to inflation.

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Quote from: ironm@n on September 16, 2016, 03:52:36 PM

At the moment, when the bitcoin price is still very volatile, I do not think that bitcoin could already be so advantageous to pay our daily expenses..

For me if we are going to talk about convenience and safety then that is going to be a good way to consider bitcoin. But you are right with it because it is risky.

And the bitcoin wallets where our bitcoins are stored they are really secured and they can't be easily breach by group of hackers.

Unlike in cash, if someone sees you that you have a lot of cash in the pocket they can just rob you by forcing you to give it to them with the use of deadly weapons.

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Quote from: ironm@n on September 16, 2016, 03:52:36 PM

At the moment, when the bitcoin price is still very volatile, I do not think that bitcoin could already be so advantageous to pay our daily expenses..

Well, if you are also earning because of the price volatility like you do day trading then it would be fine with your to spend your bitcoins even in a daily basis, there is really no big issue on that as sometimes you will depreciate the value of your bitcoins but sometimes it will also appreciate.

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Quote from: freedomgo on September 15, 2016, 03:46:00 AM

Quote from: el kaka22 on September 15, 2016, 03:16:05 AM

Quote from: Caladonian on September 14, 2016, 11:50:16 PM

Quote from: CloudStrife on September 14, 2016, 07:19:17 PM

Paper money you use mostly as a currency, unless you work in forex. But bitcoin is an currency and also investment, if you save it for the long term.

paper still needed especially when you go to a certain place that doesn't have electricity its impossible for you to any transaction
that's one of disadvantage of btc you can do anything without electricity.

Your mobile wallet does not require continuous power supply. Even your laptop too. In this 21st century we never need to worry about electricity or its interruption.
Once bitcoin will have stable price, we may get physical bitcoin similar to paper money, who knows?

The big question is when will be the price of bitcoin will be stabilize, we will not see it in the future I guess because we are just a small community and we are not legally operating which is the main basis for the government to support us, we will continue to be on our status as anonymous and as a alternative currency.

At the moment, when the bitcoin price is still very volatile, I do not think that bitcoin could already be so advantageous to pay our daily expenses..

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Quote from: utkarshm on September 16, 2016, 12:25:24 PM

Well both have different features and its own advantages and talking about bitcoin over cash,we can use bitcoin as a currency to buy things online and also at the same time we could use it as an investement to earn even more out of that,by investing it or just trading with them to generate some profit out of it.

Your right but the problem for me both are the same money but the different fiat or cash is real and main money and bitcoins is just alternative currency that we can use online.. and money we can use it locally..

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Quote from: utkarshm on September 16, 2016, 12:25:24 PM

Well both have different features and its own advantages and talking about bitcoin over cash,we can use bitcoin as a currency to buy things online and also at the same time we could use it as an investement to earn even more out of that,by investing it or just trading with them to generate some profit out of it.

This is so true but as of now bitcoin cant be use to buy foods or groceries in a store near you. So you still need cash to buy for them. Until this issue is solved i think i will stick to cash because i can spend it anywhere, anytime and everywhere. Unlike BTC that can only be spend in the internet.

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Well both have different features and its own advantages and talking about bitcoin over cash,we can use bitcoin as a currency to buy things online and also at the same time we could use it as an investement to earn even more out of that,by investing it or just trading with them to generate some profit out of it.

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Quote from: xdrpx on September 16, 2016, 11:27:43 AM

During my recent travel, I was able to carry around my Bitcoin debit card and use it anywhere in another country. It's again similar to owning a Forex card or a Credit card with cash, but the rates on this one were pretty low. I'd also find it beneficial for having Bitcoins cause of the low fees, transparency, ease of operation from your mobile device and for a better form of investment that you can use to gain better returns.

It is the ease of having money in just your mobile devicd that I found it really interesting. Who would even think that I can travel also just bringing my cellular phone and pay for whatever I will need. We can say it is really the future. It is getting more convenient with this creations.

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Quote from: Newcoins2020 on September 16, 2016, 11:07:13 AM

Cause bitcoin is all digital that's the beauty of bitcoin. Paper cash can get lost and stolen etc. Also bitcoin has such a fast transaction rate compared to some banks.
Also bitcoin has close to zero fees which really counts if you count up all the bank fees you've paid in your life.

bitcoin can also be stolen, you should see several cases of hackers. bitcoin also can not be said at this time of fast transactions. I always experience transaction that makes me upset to wait for 1 confirmation can sometimes take 10-20 minutes more lately.

but yes, excess bitcoin as digital is better and easier to transact at a low cost, also can be done anywhere and anytime.

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