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Topic: Why have Bitcoin instead of cash? - page 119. (Read 246148 times)

sr. member
Activity: 256
Merit: 250
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.
full member
Activity: 202
Merit: 100
September 14, 2016, 01:10:42 PM
Because you can pay with bitcoins for everything online
member
Activity: 116
Merit: 10
September 14, 2016, 12:49:16 PM
i think if i iam traveling to somewhere i can easily take all of money worth bitcoin with you easily without any problem
so i can relax without risk to get ripped or loose my money
but if i use cash i can't do that
hero member
Activity: 742
Merit: 526
September 14, 2016, 10:36:55 AM
   I have seen some very nice arguments in this thread. Most interesting thing for me is that banks cant steal money from us, I remined how much I give to my bank each month for credit cards, for my account, for transactions. They are taking from me more then 10 euros each month, and that is a lot for my salary, more then 5 %.
   I would like to be my own bank, and I to have my money for me and not to give them money every month. That wouldn`t be such big deal, but they are so unkind when ever I go there. They are acting like I`m idiot and they sit there in nice suits, and womans are dressed very nice, with big nails haircuts. Well I`m getting sick in my stomach when I think about that.
Banks can't steal money from us? Ok, but if it gonna be bitcoin bank it will be totally the same system. And it is also possible to steal all of your bitcoins, cause of wallets and exchangers can't guarantee you total security.
Banks does steal money from us. How? Well they use money that we deposited from them and use it to loan it to other people with high interest, after that they will give us little interest per yer, in which inflation will take place that will lower the buying power of our money saved, Lets not be outsmarted by greedy banks lets  find other ways to save money.

Inflation doesn't happen because banks lend out money, but to say that they steal our money because they pay less interest than they get themselves through lending this money out is laughable at least. It is their business, and if you don't like it, no one urges you to deposit your precious bucks in a bank in the first place. Entrepreneurs that take loans from a bank to start or run a business should earn even a higher interest off their enterprise, but this doesn't mean that they are stealing from you implicitly or from the bank directly.
hero member
Activity: 1568
Merit: 502
September 14, 2016, 10:07:51 AM
   I have seen some very nice arguments in this thread. Most interesting thing for me is that banks cant steal money from us, I remined how much I give to my bank each month for credit cards, for my account, for transactions. They are taking from me more then 10 euros each month, and that is a lot for my salary, more then 5 %.
   I would like to be my own bank, and I to have my money for me and not to give them money every month. That wouldn`t be such big deal, but they are so unkind when ever I go there. They are acting like I`m idiot and they sit there in nice suits, and womans are dressed very nice, with big nails haircuts. Well I`m getting sick in my stomach when I think about that.
Banks can't steal money from us? Ok, but if it gonna be bitcoin bank it will be totally the same system. And it is also possible to steal all of your bitcoins, cause of wallets and exchangers can't guarantee you total security.
Banks does steal money from us. How? Well they use money that we deposited from them and use it to loan it to other people with high interest, after that they will give us little interest per yer, in which inflation will take place that will lower the buying power of our money saved, Lets not be outsmarted by greedy banks lets  find other ways to save money.


Excellently mentioned.

Appreciate.


As Bank are making money on "money" same as we can call generating money because they have such tool/instruments, also these bank are regulated.

But

Bitcoin gave common man that much mobility with its feature and futures which are admirable and give opportunity to generate cryptocurrency with mining and cryptocurrency are actually assets which can be traded in market with certain exchange value which is in form of virtual digital currency.
hero member
Activity: 2996
Merit: 524
Leading Crypto Sports Betting & Casino Platform
September 14, 2016, 10:01:36 AM
Well i prefer to use this both. Cash is basis where we can buy our daily needs everyday foods , and money are mainstream where we can use it in our daily use also but in bitcoin we are using bitcoin to earn money where we always convert it into cash and use that cash like what i said earlier to use in dialy.
Exactly, because without cash we cannot spend our bitcoins, for now we are just dependent in fiat so we need cash. They have different purpose for me because I use bitcoin for my investment and I use cash to cash out my profit so it would be easy for me to spend.
without cash you can still spend your bitcoins,whether it's directly or through another way it's still called spending bitcoin as long you get stuff in exchange so saying without cash we cannot spend our bitcoins is really wrong
legendary
Activity: 3150
Merit: 1148
Fully Regulated Crypto Casino
September 14, 2016, 09:58:37 AM
Well i prefer to use this both. Cash is basis where we can buy our daily needs everyday foods , and money are mainstream where we can use it in our daily use also but in bitcoin we are using bitcoin to earn money where we always convert it into cash and use that cash like what i said earlier to use in dialy.
Exactly, because without cash we cannot spend our bitcoins, for now we are just dependent in fiat so we need cash. They have different purpose for me because I use bitcoin for my investment and I use cash to cash out my profit so it would be easy for me to spend.
legendary
Activity: 1036
Merit: 1002
September 14, 2016, 09:43:14 AM
Well i prefer to use this both. Cash is basis where we can buy our daily needs everyday foods , and money are mainstream where we can use it in our daily use also but in bitcoin we are using bitcoin to earn money where we always convert it into cash and use that cash like what i said earlier to use in dialy.
hero member
Activity: 1680
Merit: 655
September 14, 2016, 09:34:42 AM
   I have seen some very nice arguments in this thread. Most interesting thing for me is that banks cant steal money from us, I remined how much I give to my bank each month for credit cards, for my account, for transactions. They are taking from me more then 10 euros each month, and that is a lot for my salary, more then 5 %.
   I would like to be my own bank, and I to have my money for me and not to give them money every month. That wouldn`t be such big deal, but they are so unkind when ever I go there. They are acting like I`m idiot and they sit there in nice suits, and womans are dressed very nice, with big nails haircuts. Well I`m getting sick in my stomach when I think about that.
Banks can't steal money from us? Ok, but if it gonna be bitcoin bank it will be totally the same system. And it is also possible to steal all of your bitcoins, cause of wallets and exchangers can't guarantee you total security.
Banks does steal money from us. How? Well they use money that we deposited from them and use it to loan it to other people with high interest, after that they will give us little interest per yer, in which inflation will take place that will lower the buying power of our money saved, Lets not be outsmarted by greedy banks lets  find other ways to save money.
hero member
Activity: 1078
Merit: 514
September 14, 2016, 09:12:19 AM
   I have seen some very nice arguments in this thread. Most interesting thing for me is that banks cant steal money from us, I remined how much I give to my bank each month for credit cards, for my account, for transactions. They are taking from me more then 10 euros each month, and that is a lot for my salary, more then 5 %.
   I would like to be my own bank, and I to have my money for me and not to give them money every month. That wouldn`t be such big deal, but they are so unkind when ever I go there. They are acting like I`m idiot and they sit there in nice suits, and womans are dressed very nice, with big nails haircuts. Well I`m getting sick in my stomach when I think about that.
Banks can't steal money from us? Ok, but if it gonna be bitcoin bank it will be totally the same system. And it is also possible to steal all of your bitcoins, cause of wallets and exchangers can't guarantee you total security.
sr. member
Activity: 686
Merit: 260
September 14, 2016, 07:05:43 AM
The only reason why I would choose Bitcoin over cash is because you can use Bitcoin as an investment which means that you can make more money with it.
Eventually it is going to lead to cash so that is the reason why I would choose Bitcoin over cash.
Exactly, now is the time to invest since we are given the chance to use something that will be popular in the future and that is bitcoin. Right now, since we are earning in bitcoin so definitely we should choose bitcoin over cash but that does not mean that cash is not important to us.

i agree. Bitcoin is one of the method that we could earn money and we should earn with it. It is a blessing to us so we should grab it and earn a lot so that we could exchange it into our own cash. Bitcoin > cash. Choosing bitccoin to earn and in the end we will end up to cash Cheesy Both are important Smiley
sr. member
Activity: 434
Merit: 250
September 14, 2016, 07:01:30 AM
Well with the bitcoin you can access and pay everywhere, you can pay things online with it but also in real life stores so you can use it for multiple things that is pretty nice.
Another fact is also that can almost not get robbed so its safer also.
hero member
Activity: 1680
Merit: 655
September 14, 2016, 06:02:27 AM
Well having to use your BTC wallet can be handy as you won't bring any wallets, cards, or pocket money in order to pay, also you prevent it from losing money from loose pockets, having to pay the exact amount. Well everything would be benefitial but ofcourse it must be available for everybody in order to bring no extra cash.
hero member
Activity: 952
Merit: 500
September 14, 2016, 05:20:50 AM
The only reason why I would choose Bitcoin over cash is because you can use Bitcoin as an investment which means that you can make more money with it.
Eventually it is going to lead to cash so that is the reason why I would choose Bitcoin over cash.
Exactly, now is the time to invest since we are given the chance to use something that will be popular in the future and that is bitcoin. Right now, since we are earning in bitcoin so definitely we should choose bitcoin over cash but that does not mean that cash is not important to us.
sr. member
Activity: 406
Merit: 250
September 14, 2016, 04:55:41 AM
The only reason why I would choose Bitcoin over cash is because you can use Bitcoin as an investment which means that you can make more money with it.
Eventually it is going to lead to cash so that is the reason why I would choose Bitcoin over cash.
hero member
Activity: 1302
Merit: 540
September 14, 2016, 04:30:43 AM
At the time bitcoin is already a better alternative to send and receive money from anywhere in the planet, but to use physical stores, we still depend on paper money.

Agreed. The ability to send any amount of money to anywhere in the world without any restriction is what really makes Bitcoin awesome. For daily usage, it is a lot simpler to just use cash. Paying with paper money is faster and doesn't require you to have a phone/electronic device. Plus it is more anonymous too.
+1 mate both have there advantages and disadvantage thanks for giving your insight nicely said mate. bitcoin is an easy transaction and a hassle free if using it electronically while fiat if you are in your local place it is also easy to just pay your bill and leave the place.
legendary
Activity: 1148
Merit: 1000
September 14, 2016, 02:33:46 AM
At the time bitcoin is already a better alternative to send and receive money from anywhere in the planet, but to use physical stores, we still depend on paper money.

Agreed. The ability to send any amount of money to anywhere in the world without any restriction is what really makes Bitcoin awesome. For daily usage, it is a lot simpler to just use cash. Paying with paper money is faster and doesn't require you to have a phone/electronic device. Plus it is more anonymous too.
legendary
Activity: 2940
Merit: 1083
September 14, 2016, 01:22:26 AM
It's not instead but in addition to,right now you need other currencies in your life otherwise you won't be able to pay wherever you go cause not in all places BTC is accepted really.I hope this changes and one day we'll be able to use just BTC

I still think that it is way too far from now.
Yes let us use that other currencies to our own profits. It is better than doig nothing and just waiting. We know bitcoin will increase in some time. But the priority for now is making a great amount for that future.
legendary
Activity: 1274
Merit: 1000
September 14, 2016, 01:14:36 AM
It's not instead but in addition to,right now you need other currencies in your life otherwise you won't be able to pay wherever you go cause not in all places BTC is accepted really.I hope this changes and one day we'll be able to use just BTC
hero member
Activity: 490
Merit: 500
September 14, 2016, 01:12:25 AM
Nowadays, at least in some countries, it is not possible to live depending totally on bitcoin, because in these places we must also have paper money to use physical stores.
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