Why have Bitcoin instead of cash? - page 120.

chaser15

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Quote from: madwica on September 13, 2016, 09:20:41 PM

I have bitcoin for my investment, but i have more cash for my daily needs because i can not spend bitcoin for daily basis there are no stores accepting bitcoin as their mode of payment in my area.

You know it's still much better to use your fiat for your daily spendings since we care for bitcoin price.

And that is a good practice since our saved coins are just idle waiting for their value to grow. But well this can't applied to those people who uses bitcoin to cover their daily needs since they have no cash on hand or doesn't have a source of income in real life. They have to use btcoin whatever the current bitcoin price is.

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I have bitcoin for my investment, but i have more cash for my daily needs because i can not spend bitcoin for daily basis there are no stores accepting bitcoin as their mode of payment in my area.

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Quote from: d@nte on September 11, 2016, 03:33:19 PM

You can save bitcoins as long as possible because it can not be touched physically so we wont loose it, but money are made from paper and it can be broken,someone can burn it or use another ways to break it.

its true, personally i will keep bitcoin for a long time depend on the rate is good or not. beside that, i use bitcoin as an investment for long term and for trading to make my bitcoin grow than before. so happy when i know bitcoin in 2015.

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Quote from: LegendaryMiner on September 13, 2016, 06:02:44 PM

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.

Sure the printed money is where we make the main decisions, but i do like bitcoin, being active all days, and unlimited ammounts worlwide, soo can see some project and invest into it without have to wait monday.

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Quote from: romero121 on September 12, 2016, 09:24:06 PM

Quote from: 23dzmaz on September 12, 2016, 06:56:28 PM

I have bitcoins instead of cash because i use bitcoin for trading, investment and gambling everyday. In the other hand i only use cash for my daily things. Actually both bitcoin and cash are important though.

As quoted bitcoin is truly a good way of investment as well good for trading and gambling but right now there are only little stores accepting bitcoin for which cash is a must. Another important reason is that bitcoin grows depending upon the variation of price happening periodically which is not possible with physical currency.

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.

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Quote from: Kotone on September 12, 2016, 09:28:05 PM

Quote from: bamboylee on August 12, 2016, 04:54:13 AM

Quote from: Batelk on August 08, 2016, 02:15:21 AM

Quote from: Forbiddenone on August 07, 2016, 03:18:50 AM

We generally invest in bitcoin not because of high and encrypted security or digital transition.we invest them as they give us profit directly or indirectly.yes bitcoin have compact parameter which make it more flexible and reliable.

That could be right. Most of us invest in bitcoin because it has limited supplies, so the value will increase later.

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I invested also because of that and also because I believe in the blockchain. I believe that blockchain has unlimited possibilities that is why it will rise in value in the future.

You invested also yeah you're believing in blockchain? the reason and the reason you are using bitcoin instead of cash well for me im prefered to use it both because we need cash to have bitocoin if we are going to buy some and we need bitcoin to have cash also so that two are very important.

Earning bitcoin online is a great opportunity regardless of what you do, bitcoin is worth to us because for now this is a good investment opportunity but at the end of the day we will cash out or bitcoin into fiat so we also need cash, they are both important I guess.

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Quote from: bamboylee on August 12, 2016, 04:54:13 AM

Quote from: Batelk on August 08, 2016, 02:15:21 AM

Quote from: Forbiddenone on August 07, 2016, 03:18:50 AM

We generally invest in bitcoin not because of high and encrypted security or digital transition.we invest them as they give us profit directly or indirectly.yes bitcoin have compact parameter which make it more flexible and reliable.

That could be right. Most of us invest in bitcoin because it has limited supplies, so the value will increase later.

\

I invested also because of that and also because I believe in the blockchain. I believe that blockchain has unlimited possibilities that is why it will rise in value in the future.

You invested also yeah you're believing in blockchain? the reason and the reason you are using bitcoin instead of cash well for me im prefered to use it both because we need cash to have bitocoin if we are going to buy some and we need bitcoin to have cash also so that two are very important.

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Quote from: 23dzmaz on September 12, 2016, 06:56:28 PM

I have bitcoins instead of cash because i use bitcoin for trading, investment and gambling everyday. In the other hand i only use cash for my daily things. Actually both bitcoin and cash are important though.

As quoted bitcoin is truly a good way of investment as well good for trading and gambling but right now there are only little stores accepting bitcoin for which cash is a must. Another important reason is that bitcoin grows depending upon the variation of price happening periodically which is not possible with physical currency.

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Quote from: 23dzmaz on September 12, 2016, 06:56:28 PM

I have bitcoins instead of cash because i use bitcoin for trading, investment and gambling everyday. In the other hand i only use cash for my daily things. Actually both bitcoin and cash are important though.

Well me either I have bitcoins but I only have few ash. And the bitcoins that I am holding is more than the cash that I do have.

It is better to use bitcoin because it is digital, just like here in my country when someone knew that you are already holding a lot of cash in your wallet.

For sure they are going to think bad things about you and going to try to steal you, so with bitcoins it is about security.

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I have bitcoins instead of cash because i use bitcoin for trading, investment and gambling everyday. In the other hand i only use cash for my daily things. Actually both bitcoin and cash are important though.

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I personally have Bitcoin instead of cash because there are a lot of reasons why cash doesn't have value and why it is basically not worth having cash on hand for a lot of reasons, however I do have some cash for when I don't want to use my Bitcoin debit card. I just prefer to have Bitcoin because it technically makes more sense, even though it's technically far more volatile than cash and could be worse at some points.

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Quote from: dhampir-D on September 12, 2016, 05:48:06 PM

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.

That is actually the main purpose why bitcoin has been created, it can give benefits to the users especially in the remittance area where we can save if we are often sending money, we are threat to the remittance center.

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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: AsaroUk on September 12, 2016, 12:47:27 PM

Well I think that the bitcoin is safer and you can also access it everywhere so that is also pretty nice if you are asking me.
I think the bitcoin has a very good worth and that its also profitable by just holding.

The safety of bitcoin is based on it's own users security preferences.

About safe holding, no such thing like that. Yes holding is really profitable in many ways but still it's better to take some leap if there's an opportunity of price increase and decrease.

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Quote from: AsaroUk on September 12, 2016, 12:47:27 PM

Well I think that the bitcoin is safer and you can also access it everywhere so that is also pretty nice if you are asking me.
I think the bitcoin has a very good worth and that its also profitable by just holding.

If you can not buy foods in your place bitcoin should still withdraw to fiat to buy something here.
But we are using bitcoin because we are making a good profit for every price increase.

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Well I think that the bitcoin is safer and you can also access it everywhere so that is also pretty nice if you are asking me.
I think the bitcoin has a very good worth and that its also profitable by just holding.

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Quote from: d@nte on September 11, 2016, 03:33:19 PM

You can save bitcoins as long as possible because it can not be touched physically so we wont loose it, but money are made from paper and it can be broken,someone can burn it or use another ways to break it.

I don't think that is a sensible answer to that question, you cannot say that someone can physically burn or break your money which bitcoin they cannot do with while you also can save your money in a bank where no one can touch it and even if someone does you wont be responsible and you will get your money at any cost.

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Quote from: goinmerry on September 11, 2016, 10:36:36 PM

Quote from: d@nte on September 11, 2016, 03:33:19 PM

You can save bitcoins as long as possible because it can not be touched physically so we wont loose it, but money are made from paper and it can be broken,someone can burn it or use another ways to break it.

The hacking thing is our only problem here. It can be easily prevented with some precautions. Also avoiding some sign up websutes that says gives some good pay. It is the startegy of some hackers so beware of that.

He mean to say that He will save the bitcoin in paper wallet to give a proper security for that and then if we save in paper There is no chance of altering or hacking that one. Hackers can only play online not at the offline modes and all.

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Quote from: Zadicar on September 11, 2016, 11:18:29 PM

Quote from: Colt22 on September 11, 2016, 04:52:03 PM

Quote from: d@nte on September 11, 2016, 03:33:19 PM

You can save bitcoins as long as possible because it can not be touched physically so we wont loose it, but money are made from paper and it can be broken,someone can burn it or use another ways to break it.

You are right in that sense no one can harm your bitcoins as they are saved in our wallets in pure form, but if some one do not know about to secure his/her wallet then the chances are there to hack by someone, so the security and safety of bitcoin is also important.

True, you have a point bitcoin can be easily stored in our wallets and the risk of lossing it is lesser compared to cash but both of these things have ways on how to secure it because money is valuable for us. Both had also risk on lossing on bitcoin it can possibly be hacked or forgotten wallet password.

Yeah but you can secured your wallet just always put a 2 factor authentication like on electrum you can put 2 factor authentication always use it any wallet like electrum it can help you to prevent other users to open your wallet.

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With regard to risk issues, if you hold cash there are chances that it might get stolen, but using btcs you can hold your coins in your digital wallets.

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