Why have Bitcoin instead of cash? - page 121.

Zadicar

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Quote from: Colt22 on September 11, 2016, 05:52:03 PM

Quote from: d@nte on September 11, 2016, 04:33:19 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.

goinmerry

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Quote from: d@nte on September 11, 2016, 04:33:19 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.

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Quote from: d@nte on September 11, 2016, 04:33:19 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.

d@nte

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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.

AicecreaME

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Because bitcoin can be use in either way, on virtual world or in the real world by converting it to cash but cash using into virtual world? Yeah, it can be use but there's a long way process in paying cash through online than paying it in bitcoin. But I'm not suggesting you to use bitcoin always to pay online when you're gonna buy something because bitcoin is that important you know.

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Quote from: 0day on September 09, 2016, 07:50:41 PM

Quote from: kim.apps on September 09, 2016, 04:46:01 PM

I don't think you should try having all in bitcoins and nothing in fiat money. Because you can't buy everything with btc, you also need cash, of course.

I think itis now not hard to buy things with bitcoin, you can search for online goods which are available with the payment system of bitcoin and you will find that there is everything available with bitcoin, and with bitcoin credit card, you can buy even in your local stores with bitcoin.

I agree, there are lots of third party processor that take advantage of bitcoin fever and convert bitcoin to fiat in just a small amount of fee. Like for example in my country, we can (those who don't like credit cards or depositing their money in the bank) send payment to our monthly bills with the use of bitcoin processed by coins.ph. So basically it gives us convinience.

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Quote from: Lionidas on September 10, 2016, 10:46:22 PM

I prefer to have bitcoin instead of cash because it is very versatile and it can be used on the go.
With cash you always have to remember which pants your wallet was in and if you accidentley left it in wash. If you did then that money is ruined. Cheesy

+1 yeah with bitcoin you can just move without worrying if you bring your money just like credit just needed to put your code and you are ready to go unlike with cash you are always worrying especially if you bring huge amount.

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When I receive a payment from some sites and give my fiat wallet address on them. I quickly convert it to BTC wallet for some reason I know that it have chances to have a higher in value than its normal value.

Lionidas

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I prefer to have bitcoin instead of cash because it is very versatile and it can be used on the go.
With cash you always have to remember which pants your wallet was in and if you accidentley left it in wash. If you did then that money is ruined. Cheesy

dandroid

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It's better to have bitcoins rather than holding or having a cash on hand. It possess safety and security in some way than money can never had. Holding money is a risk type of negotiation . The btc transactions are better and very fast other than banking system.

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Quote from: nova-rider on September 10, 2016, 06:59:10 PM

I think this question is pretty easy to answer , because the bitcoin is secure and you cannot get robbed. Also you can not lose it on the streets and its also that you can transfer it internationally.

This can be true but it can not be too, because there are bitcoin wallets that do not provide you the private key.
So if you do not control 100% your bitcoins means that it isn't yours 100% but bitcoin can be robbed and you can get scammed.

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I think this question is pretty easy to answer , because the bitcoin is secure and you cannot get robbed. Also you can not lose it on the streets and its also that you can transfer it internationally.

BitcoinPaw

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I can't understand why people don't like cash, for me personaly, cash is much better than bitcoins, you have many opportunities to use it and other stuff like this.

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Quote from: bluechipinvestor on September 10, 2016, 04:08:44 PM

I think that cash is not so good as bitcoin in security matter, but it's still better for using. It is so hard to spend bitcoins well online, cause many different shops still do not accept it.

On one side you are right but if you really want to spend your bitcoins (without worrying about the fees) then you can.
Through the bitcoin debit card you can buy mostly everything that you can buy with your normal local credit card.

bluechipinvestor

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I think that cash is not so good as bitcoin in security matter, but it's still better for using. It is so hard to spend bitcoins well online, cause many different shops still do not accept it.

Orion25

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I do not think that bitcoin will replace cash, at least for now. Cryptocurrency are a very limited number of people, and therefore such case scenario, can not count. Perhaps in the near future, bitcoin will take in all the shops and restaurants.

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Quote from: Ziskinberg on September 09, 2016, 10:28:54 PM

Quote from: Viyamore on September 09, 2016, 09:03:45 PM

Quote from: danherbias07 on September 09, 2016, 08:03:55 PM

Quote from: 0day on September 09, 2016, 07:50:41 PM

I think itis now not hard to buy things with bitcoin, you can search for online goods which are available with the payment system of bitcoin and you will find that there is everything available with bitcoin, and with bitcoin credit card, you can buy even in your local stores with bitcoin.

Not everything but there is a lot of items to choose now. Specially the important goods. With that problem still you will need to exchange it for cash to buy that certain item that is missing out there. There will be a time that almost everything will be there.

Exactly ,not everything can be bought by bitcoins even if bitcoins are almost accepted in almost all stores .fiat/cash is more important to handle than bitcoins .we need the cash cause the government will not allow almost things can be bought with bitcoin ,just because our system is on fiat/cash money which they use it to make every government monetary system . .
I think also that these bitcoin online stores they also exchange their earnings to cash to buy some needs in the market .
Bitcoin will not take over the cash that flows within the society unless there are bitcoin coins and paper money to sync in our system .

Yeah, bitcoin can be popular but it will never replace cash because cash is widely accepted regardless of your educational attainment in life, bitcoin is only for educated people who can understand computer and internet.

Cash, paper money or fiat whatever they call it, it will still be regularly used.
Money have been passed generation by generation and it is not easy to just make it disappear. Some may claim that it will be over soon, those people dont even consider the possibilities that it may ruin the economy all over the world.
Changing it needs a lot of thinking and people will get a hard time getting used to it.

Ziskinberg

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Quote from: Viyamore on September 09, 2016, 09:03:45 PM

Quote from: danherbias07 on September 09, 2016, 08:03:55 PM

Quote from: 0day on September 09, 2016, 07:50:41 PM

I think itis now not hard to buy things with bitcoin, you can search for online goods which are available with the payment system of bitcoin and you will find that there is everything available with bitcoin, and with bitcoin credit card, you can buy even in your local stores with bitcoin.

Not everything but there is a lot of items to choose now. Specially the important goods. With that problem still you will need to exchange it for cash to buy that certain item that is missing out there. There will be a time that almost everything will be there.

Exactly ,not everything can be bought by bitcoins even if bitcoins are almost accepted in almost all stores .fiat/cash is more important to handle than bitcoins .we need the cash cause the government will not allow almost things can be bought with bitcoin ,just because our system is on fiat/cash money which they use it to make every government monetary system . .
I think also that these bitcoin online stores they also exchange their earnings to cash to buy some needs in the market .
Bitcoin will not take over the cash that flows within the society unless there are bitcoin coins and paper money to sync in our system .

Yeah, bitcoin can be popular but it will never replace cash because cash is widely accepted regardless of your educational attainment in life, bitcoin is only for educated people who can understand computer and internet.

Viyamore

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Quote from: danherbias07 on September 09, 2016, 08:03:55 PM

Quote from: 0day on September 09, 2016, 07:50:41 PM

I think itis now not hard to buy things with bitcoin, you can search for online goods which are available with the payment system of bitcoin and you will find that there is everything available with bitcoin, and with bitcoin credit card, you can buy even in your local stores with bitcoin.

Not everything but there is a lot of items to choose now. Specially the important goods. With that problem still you will need to exchange it for cash to buy that certain item that is missing out there. There will be a time that almost everything will be there.

Exactly ,not everything can be bought by bitcoins even if bitcoins are almost accepted in almost all stores .fiat/cash is more important to handle than bitcoins .we need the cash cause the government will not allow almost things can be bought with bitcoin ,just because our system is on fiat/cash money which they use it to make every government monetary system . .
I think also that these bitcoin online stores they also exchange their earnings to cash to buy some needs in the market .
Bitcoin will not take over the cash that flows within the society unless there are bitcoin coins and paper money to sync in our system .

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