Topic: Why have Bitcoin instead of cash? - page 132. (Read 246169 times)
I have cash and i also have bitcoin, cause in bitcoin i earn as my extra to have additional money for my expenses and i have cash for my direct spending in small store who are not accepting bitcoin in terms of payment.
Can agree with people who saying that bitcoin is better than cahs, for using as currency cash is really much better that bitcoin and also much esier.
well cash is really easy to use right now, though i think that in the future bitcoin will be way easier to use and thats why im holding bitcoinsif you are just buying small stuffs then cash is better. but if you are holding a lot of it, it is already too bulky. It is better if you have bitcoins or debit card. You do not have to carry stuffs around, just your cellphone. And that is normal because you always carry your cellphone with you.
One more thing is the feeling of getting scared when you are holding a lot of money. You dont know what could happen and if those bad guys felt that you are holding a cash with a large quantity then it could be robbed at you easily. Unlike with bitcoin with just like you said through cellphone. They might also robbed your bitcoin but could they open your wallet account? There is a chance but very low and they wont think about opening it if they just want the smartphone.
Can agree with people who saying that bitcoin is better than cahs, for using as currency cash is really much better that bitcoin and also much esier.
well cash is really easy to use right now, though i think that in the future bitcoin will be way easier to use and thats why im holding bitcoinsif you are just buying small stuffs then cash is better. but if you are holding a lot of it, it is already too bulky. It is better if you have bitcoins or debit card. You do not have to carry stuffs around, just your cellphone. And that is normal because you always carry your cellphone with you.
Can agree with people who saying that bitcoin is better than cahs, for using as currency cash is really much better that bitcoin and also much esier.
well cash is really easy to use right now, though i think that in the future bitcoin will be way easier to use and thats why im holding bitcoins But for me bitcoin is not only the source of investment, it is also a very beneficial currency for me, I am online worker and doing most of my work online and for that there were many issues with me as different people were using different payment processors, while now with bitcoin there is no any issue with me, whenever I ask for bitcoin from any of my client they say yes.
This is the essence of bitcoin for me, a universal digital currency, free of interference from any one bank, government or other entity. Bitcoin is one of the few options that will give you all of those things - PayPal is digital and quite widely-used but a commercial enterprise at the end of the day, so there will always be restrictions on what you can use it for. Bitcoin really is almost unique in its status as a digital currency that is decentralized, and quite well used by now(of course this can definitely be improved upon).
in present time i am not in favour of bitcoin only, because it is not possible to spent time without fiat currency, we all 99% depend on fiat currency there for it is not good to say that bitcoin is enough for us and we do not need fiat currency any more, to me it will take more that 30 years to depend totally on bitcoin instead of fiat currency.
You are right, without fiat we cannot easily spend our bitcoins in our community. Actually not all transactions are in online so we still need fiat for offline transactions, for now bitcoins is better seen as investment rather than currency.
i have bitcoin is for investments for the future. although i do not understand about what is going on, i prefer better i have investment on bitcoins rather than anything else. and gladly, on internet, i can make my investment growth than i can imagine.
Me too, people who don't know and understand bitcoin will call it as a weird investment but for wise people like us, we see that investing in bitcoin will give us a good future and with continue savings on it we may have a good fortune and live comfortably out from our profit. hero member
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i have bitcoin is for investments for the future. although i do not understand about what is going on, i prefer better i have investment on bitcoins rather than anything else. and gladly, on internet, i can make my investment growth than i can imagine.
in present time i am not in favour of bitcoin only, because it is not possible to spent time without fiat currency, we all 99% depend on fiat currency there for it is not good to say that bitcoin is enough for us and we do not need fiat currency any more, to me it will take more that 30 years to depend totally on bitcoin instead of fiat currency.
You are right, without fiat we cannot easily spend our bitcoins in our community. Actually not all transactions are in online so we still need fiat for offline transactions, for now bitcoins is better seen as investment rather than currency. 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.
You are missing something there which actually missing by bitcoin. It is the most essential feature of a currency. that is being used everywhere, anywhere, anytime. And that seems one of the problem if you have bitcoin in your stash. You cannot use it to pay cab, pay for gasoline and pay for food in your local food court. We all believe that we like BTC alot but please let us not exaggerate. the instant usage when you need to pay something that only accept fiat money. If you convert your BTC to cash, unless there is a bitcoin atm, it will take time.
in present time i am not in favour of bitcoin only, because it is not possible to spent time without fiat currency, we all 99% depend on fiat currency there for it is not good to say that bitcoin is enough for us and we do not need fiat currency any more, to me it will take more that 30 years to depend totally on bitcoin instead of fiat currency.
Cash is good for day-to-day transactions while bitcoins is good for online transactions. Since we are all going cashless, people might start seeing the benefits of bitcoins... asides the fact that its price keeps increasing.
as the system of bitcoin is not established everywhere that is why we feel better with cash in our daily life while paying in our local market, and if that system established everywhere then we all will refer bitcoin as it will be more secure for us.
But in our local markets we will feel convenient with our cash/fiat even if the technology of bitcoin is established much more, as with our fiat we will not have to wait for the transaction to confirm and with fiat we will not have to pay any transaction fee, so I think we should have to use bitcoin mostly for our digital dealings.
cash are not that easy to use in different countries, you need to exchange them everytime, a pain in the ass, bitcoin is a global currency, and very easy too move also
and cannot be faked like cash so easily, add on top of this, the less fees required...
Exactly this, bitcoin is a global currency.and cannot be faked like cash so easily, add on top of this, the less fees required...
I can send btc anywhere in the world within minutes and all from the palm of my hand.
In some cases i would prefer to have hard cash in my hand but slowly i am finding a way to pay for most of what i need just with bitcoin.
Bitcoin is a global currency. I have used the bitcoin to pay goods for my relatives and friends in another country.
cash are not that easy to use in different countries, you need to exchange them everytime, a pain in the ass, bitcoin is a global currency, and very easy too move also
and cannot be faked like cash so easily, add on top of this, the less fees required...
Exactly this, bitcoin is a global currency.and cannot be faked like cash so easily, add on top of this, the less fees required...
I can send btc anywhere in the world within minutes and all from the palm of my hand.
In some cases i would prefer to have hard cash in my hand but slowly i am finding a way to pay for most of what i need just with bitcoin.
Cash is good for day-to-day transactions while bitcoins is good for online transactions. Since we are all going cashless, people might start seeing the benefits of bitcoins... asides the fact that its price keeps increasing.
yes that is a fact. that in present time we need both the currencies, of is not so much convenience without the other, may be a time come when only one currency will be enough for us but in present time i think we cannot depend on single currency, because bitcoin is good for online buying or even more good for saving and investing but in local market in most of the place we cannot use bitcoin as it is not accepted in most of the areas so there we have to use the fiat currency.
Because bitcoin is better that fiat and it is growing so fast and it is more eas to make profit eith bitcoin then real life money.
Cash is good for day-to-day transactions while bitcoins is good for online transactions. Since we are all going cashless, people might start seeing the benefits of bitcoins... asides the fact that its price keeps increasing.
as the system of bitcoin is not established everywhere that is why we feel better with cash in our daily life while paying in our local market, and if that system established everywhere then we all will refer bitcoin as it will be more secure for us.
Can agree with people who saying that bitcoin is better than cahs, for using as currency cash is really much better that bitcoin and also much esier.
we use hand cash as because it is easier to use it in our sourrendings but we should never forget it takes a lot to time to faint currencys to come in existence and it is now time to become more advance lets use bitcoin as a payment.government use a partion from everyone's money to run itself but if we switch to bitcoin then we will be working without any limits so we can freely spend our money as the way we want
Cash is good for day-to-day transactions while bitcoins is good for online transactions. Since we are all going cashless, people might start seeing the benefits of bitcoins... asides the fact that its price keeps increasing.
It is same concept like why using debit card and not using cash.. It absolutely will get more safety if we didn't get a lot cash money when walking around the street.
And with btc you can do more transaction in a minute than transaction with cash.
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