Topic: Why have Bitcoin instead of cash? - page 139. (Read 246169 times)
The main reason is that bitcoin is fast like if you want to send money to your family you wont have to go to a bank and wait 3-5 days .
I have found some people who claims that they have put some btc onto offline wallet,an they want to store it for about 10 years,i have
a friend who did that actually.I dont like long term investments,but true,it might get them really big profit after some time,if btc wont die.
Why,because it is new or because it is easy to stole it?
Actually it is not easy,bitcoins are very secure if you know what you are doing,anyway you can but a lot of thing's with bitcoin,even in malls.
In a few countries yes. And you are right bitcoin is more secured than having cash in your wallet. Just think of a robbery situation. When someone snatched your wallet your bitcoin will not be with it.
Yeah but i know some dumb people who have their bitcoin ID ( for logging in ) and password to it written on a paper and they hold it with them
every where they go hahaha.
I love the idea of using btc because i dont have to leave bank's any cash,I just dont let them earn.
a friend who did that actually.I dont like long term investments,but true,it might get them really big profit after some time,if btc wont die.
I think that cash is much better anyway, it's simple for use and also not so risky to use as bitcoins, i think that bitcoin is losing to cash in many cases.
You mean having bitcoin is risky?Why,because it is new or because it is easy to stole it?
Actually it is not easy,bitcoins are very secure if you know what you are doing,anyway you can but a lot of thing's with bitcoin,even in malls.
In a few countries yes. And you are right bitcoin is more secured than having cash in your wallet. Just think of a robbery situation. When someone snatched your wallet your bitcoin will not be with it.
every where they go hahaha.
I love the idea of using btc because i dont have to leave bank's any cash,I just dont let them earn.
I think that cash is much better anyway, it's simple for use and also not so risky to use as bitcoins, i think that bitcoin is losing to cash in many cases.
You mean having bitcoin is risky?Why,because it is new or because it is easy to stole it?
Actually it is not easy,bitcoins are very secure if you know what you are doing,anyway you can but a lot of thing's with bitcoin,even in malls.
In a few countries yes. And you are right bitcoin is more secured than having cash in your wallet. Just think of a robbery situation. When someone snatched your wallet your bitcoin will not be with it.
I can use my mastercard in a lot of contries without even knowing what currency they have.
And without knowing what ridiculous fees and conversion rates they will charge you. But rest assured, they will be ridiculous.The whole credit card system is hopelessly old fashioned, and you're paying for that. Whether you know it or not.
This is the main problem in the world, people are too ignorant. They simply don't care about things of importance, while paying way too much respect to trivial things.
Very good points. I'd like to add:
5) Banks can't steal it from you. You may think they can't steal cash either; that's not true. With central banks printing money by the hundreds of billions, and commercial banks creating money as debt like there's no tomorrow, they're effectively lowering the relative worth of your money in their advantage. Remember: stealing 5% off your deposit, or increasing the total money supply by 5% by creating it out of thin air, has essentially the same effect.
5) Banks can't steal it from you. You may think they can't steal cash either; that's not true. With central banks printing money by the hundreds of billions, and commercial banks creating money as debt like there's no tomorrow, they're effectively lowering the relative worth of your money in their advantage. Remember: stealing 5% off your deposit, or increasing the total money supply by 5% by creating it out of thin air, has essentially the same effect.
Or (a bit less likely in the case of America) a country could get bankrupt and get major currency problems, rendering the currency worthless practically overnight.
Of course it's debatable whether the dollar or Bitcoin is more stable, but my bet is on Bitcoin.
Bitcoin is also much more "carry able" it doesn't weigh anything, you can carry any amount with you, from fractions of a cent to many millions, and no one will know.
You can't even leave the country with $10000 in cash but with Bitcoin it's no problem.
I think that cash is much better anyway, it's simple for use and also not so risky to use as bitcoins, i think that bitcoin is losing to cash in many cases.
You mean having bitcoin is risky?Why,because it is new or because it is easy to stole it?
Actually it is not easy,bitcoins are very secure if you know what you are doing,anyway you can but a lot of thing's with bitcoin,even in malls.
I think that cash is much better anyway, it's simple for use and also not so risky to use as bitcoins, i think that bitcoin is losing to cash in many cases.
You mean having bitcoin is risky?Why,because it is new or because it is easy to stole it?
Actually it is not easy,bitcoins are very secure if you know what you are doing,anyway you can but a lot of thing's with bitcoin,even in malls.
I think that cash is much better anyway, it's simple for use and also not so risky to use as bitcoins, i think that bitcoin is losing to cash in many cases.
You mean having bitcoin is risky?Why,because it is new or because it is easy to stole it?
Actually it is not easy,bitcoins are very secure if you know what you are doing,anyway you can but a lot of thing's with bitcoin,even in malls.
I think that cash is much better anyway, it's simple for use and also not so risky to use as bitcoins, i think that bitcoin is losing to cash in many cases.
I still have cash instead of Bitcoin because then I would not have to go to the process of selling them, with cash you can do more things and can buy more things.
Unless the Bitcoin becomes usable at more places I am going to go with cash.
Cash is neither investment nor is capable of growth and if we consider inflation its value decrease so it is good for only spending and not investment.Unless the Bitcoin becomes usable at more places I am going to go with cash.
The fiat cash devalues year after year. There are many examples of that. The bitcoin has limited supply, it will rise in long term.
I still have cash instead of Bitcoin because then I would not have to go to the process of selling them, with cash you can do more things and can buy more things.
Unless the Bitcoin becomes usable at more places I am going to go with cash.
Cash is neither investment nor is capable of growth and if we consider inflation its value decrease so it is good for only spending and not investment. Unless the Bitcoin becomes usable at more places I am going to go with cash.
Some people might choose Bitcoin over cash because it allows you to make more money with them and you cannot really do that with cash, it is possible with gambling but that is not the best thing to do.
I think that I would still go with cash because it is easier to use and more accepted and just overall allot better.
I prefer to choose both, cash and bitcoins are both important as when you have bitcoins you can easily spend it when you encash it. But, if I am force to choose only one then I would just choose bitcoin because that is the reason why I am here. I think that I would still go with cash because it is easier to use and more accepted and just overall allot better.
Some people might choose Bitcoin over cash because it allows you to make more money with them and you cannot really do that with cash, it is possible with gambling but that is not the best thing to do.
I think that I would still go with cash because it is easier to use and more accepted and just overall allot better.
I think that I would still go with cash because it is easier to use and more accepted and just overall allot better.
No one can steal this digital currency , and rate varies ,when price goes low buy it ,hold for long time and then sell it when bitcoin price goes high, very easy to transaction,conversion to fiat money also easier.
I saw a news today that a bank will charge interest on customer deposit. For bitcoin, you can save it yourself, and will not get negative interest.
That's how inflation works and that's mostly likely the reason for our economy to be destroy. Our banks is just a big type of a ponzi scheme where they like to give big interest to attract people to deposit on them but there's no assurance of really giving you the profit you make anually thus making a big inflation in the market.
I saw a news today that a bank will charge interest on customer deposit. For bitcoin, you can save it yourself, and will not get negative interest.
That's how inflation works and that's mostly likely the reason for our economy to be destroy. Our banks is just a big type of a ponzi scheme where they like to give big interest to attract people to deposit on them but there's no assurance of really giving you the profit you make anually thus making a big inflation in the market.
I can write here many reason's,and there are even more of course.
No matter what will happen to you and you're family or friends you can always have money for emergency but not in a bank,you can have it safer way.
If you are wealthy and you travel a lot,you dont have to take cash or cards with you,just having wallet id is enough to have money well,basically everywhere.
No matter what will happen to you and you're family or friends you can always have money for emergency but not in a bank,you can have it safer way.
If you are wealthy and you travel a lot,you dont have to take cash or cards with you,just having wallet id is enough to have money well,basically everywhere.
I saw a news today that a bank will charge interest on customer deposit. For bitcoin, you can save it yourself, and will not get negative interest.
That news does not apply to all the country for sure because in our country my deposits are still earning a little interest, it is hard when that kind of problem will happen into our county, it should be an economic crisis on a certain area.
I saw a news today that a bank will charge interest on customer deposit. For bitcoin, you can save it yourself, and will not get negative interest.
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.
i would say you're right,its pretty safe to have lol lets say 100k usd with you in bitcoin.Imagine having that in cash or at bank,i would be afraid all the time...
The only problem is that you can't pay for everything with bitcoin,but that can be solved easily,cause there are a lot of sites where you can sell BTC really fast and get bank transfer
BTC for the win bro!
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