bitcoin is a very good virtual currency currently potentially exceeding other investments.
Topic: Why have Bitcoin instead of cash? - page 12. (Read 246169 times)
When it becomes legal to most of the countries, bitcoin can be used for an easier transaction to anyone, in many places around the world. Also, unlike in cash, it can increase in value even without doing anything. It is also safer because your 'wallet' would be difficult to hack.
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.
"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.
Why have bitcoin instead of cash? That is good question. This is my answer, bitcoin instead of cash because bitcoin never can still by one. In our country their alot people is a thief, everywhere you go there a thief I use bitcoin to control my cash on my wallet in case still my wallet their only little amount there.
In bitcoin my money could grow by just holding it or saving it in my wallet,
But in cash there's no chance that it would gain a profit unless you would put it in a bank for a long period of time.
Yes, Bitcoin has some big advantages, but not so much over Cash; it is the fastest means of making transactions go worldwide and paying less for it. It can be used by any one in the world, and is also secured depending on how careful you are, but still that doesn’t make it the best, cause it’s still not that very secured no matter how careful. But in cash there's no chance that it would gain a profit unless you would put it in a bank for a long period of time.
By the way, we should also try to understand that Bitcoin is not a currency, so comparing it to a Currency makes no sense, we should compare it to assets that are on the same thing with it.
Bitcoin is easy to access as long as you have gadgets and connection to internet and coin wallet. Bitcoin is a fastiest way of making direct transaction just transact by gadgets to gadgets. It will be done directly without hussle payment.
In my opinion, if you just keep your cash in your bank account the interest of banks is meager. But if you save your money in your bitcoin wallet I’m sure that you can see that your money is also increasing and you can make a profit on your money or just convert your income. Also, if you want to buy something and bitcoin is acceptable as payment it will be much easier to use than your bank accounts.
The currency of one country does not apply to other countries.On the other hand, Bitcoin Trade is USD Dollar. Besides, it is also difficult to carry cash, which can be stolen or lost at any time.
The good thing about bitcoin is the fact that it is more volatile than cash. It's volatility make it more interesting because of how people can be able to invest on it. There are also many ways in earning bitcoin such as mining and trading for example. Imagine something that is so valuable and yet very accessible and not that complicated to earn.
There is many ways to earn bitcoin like you said mining and you can also do a trading, and we can have a profit by bitcoin because the price can increase so for me its better yo save bitcoin than cash.
In bitcoin my money could grow by just holding it or saving it in my wallet,
But in cash there's no chance that it would gain a profit unless you would put it in a bank for a long period of time.
But in cash there's no chance that it would gain a profit unless you would put it in a bank for a long period of time.
For me, I choose both bitcoin and cash. Bitcoin because it easy to transfer bitcoin with a low fees. Not like remittance their fees are too high. When I saw anything’s on the online it easy to buy it. Don’t need a PayPal to buy those things online. Cash because some store don’t accept the bitcoin I have nothing to do just pay it with the paper money. Both of them are important.
I choose bitcoin instead of cash it is because bitcoin is easy to access cellphones to computer or laptop by way of transactions, sending payment or sending money from abroad without hussle transaction. Just only using by my own gadgets without going out, no need to go banks or money sender like mlhuillier. As long as we have wallets apps... We can easilly access fast.
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.
For me bitcoin is easy to transact and easy to send money for our love ones. When paying online purchases it is very easy to use bitcoins because it is hasle free and will quickly reach to receiver. That is one reason why many people will prefer to use bitcoin instead of cash. "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.
Because bitcoin is a asset. Assets are the ones who give you profit. Acquiring more assets will give you more profit with less effort. Unlike fiat money or cash, its not an asset that can give profit but you can use it to acquire assets.
The good thing about bitcoin is the fact that it is more volatile than cash. It's volatility make it more interesting because of how people can be able to invest on it. There are also many ways in earning bitcoin such as mining and trading for example. Imagine something that is so valuable and yet very accessible and not that complicated to earn.
There is many ways to earn bitcoin like you said mining and you can also do a trading, and we can have a profit by bitcoin because the price can increase so for me its better yo save bitcoin than cash.
The benefits of earning bitcoin is a lot more useful than fiat. Volatility, just like what you have said is an advantage where we could earn a lot by holding our bitcoin. In no time when the price pumps again, it is a day celebration. Also, bitcoin could help you to achieve your dream a lot faster than fiat.
The good thing about bitcoin is the fact that it is more volatile than cash. It's volatility make it more interesting because of how people can be able to invest on it. There are also many ways in earning bitcoin such as mining and trading for example. Imagine something that is so valuable and yet very accessible and not that complicated to earn.
There is many ways to earn bitcoin like you said mining and you can also do a trading, and we can have a profit by bitcoin because the price can increase so for me its better yo save bitcoin than cash.
bitcoin is too safer and secure and its transaction is very faster and bitcoin transaction fees is very lower.
The bitcoin block size is small, the transaction traffic is congested. So it will not be used widely by the ordinary people in the future as the fee is too high.
That is my concern as well. I am afraid that the bitcoin will be replaced by other popular fast digital coins in the future.
We ere hoping that there will be a solution for this issue soon. And maybe that fast digital coins cannot yet replace the bitcoin for bitcoin is already established coin that others.
My friend is is working online jobs and he provide online services to the users and in return we receive bitcoin as payment bitcoin is good for payments of online services so people prefer bitcoin instead of cash. Bitcoin was very lucky in the previous year and i hope that the people will still love bitcoin in the present year 2018
If you are really investing and want to earn a big profit then go for btc. If you just want something for your needs then go for cash.
Exactly, they have a defferent purpose. However, bitcoin is like an investment, you can earn money from it if you hold for a long term and they have posible that you can get a big profit. And for the Cash that is important because we use that to buy something and then pay a bills.
We should have bitcoin instead of cash as It increases our financial freedom and also it is private as we want it to be.
Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
that's true, Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. that's why lots of people now prefer to use bitcoin in terms of investment because of volatility of bitcoin. if you made the right time for investing you can earn huge amount of your profit.
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