Why have Bitcoin instead of cash? - page 14.

Janation

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Quote from: ViciousWarlock29 on December 22, 2017, 03:32:34 AM

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.

This is the disadvantage of bitcoin, even as the most popular digital currency and the most expensive one, it is still not accepted as a kind of payment in the real world. In order to use your profit in trading or saving or holding bitcoin, you still need to sell it. So if you have bitcoin, it is just so you can earn good profit and have a money for future use.

Naoko

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unfortunately this is not real yet, bitcoin is not adapted to be used in everyday life

CHENIEN

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Decentralized Ascending Auctions on Blockchain

Choosing bitcoin instead of cash are more similar to money. The real purpose of choosing bitcoin is to earn additional income. Many people accepting bitcoin because they already knew that it will converted into cash money. Me as a bitcoiner, my priority is to have a lots of digital bitcoin someday and when the price of bitcoin will go higher i will convert it into cash paper money. That's why many of us choose bitcoin because of it's high value when converted into cash money. If comes time that the value of bitcoin will go down, and back to zero nothing will access bicoin. That's the purpose why choosing bitcoin because of it's high value today.

ViciousWarlock29

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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.

pratapadityasi

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The sad part of your post is that BTC ain't having low fees anymore.
People is turning into Bitcoin Cash and seems like the day the bubble exploded is today.

w33man

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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.

Gondwanaland

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Quote from: BTCfan97 on July 08, 2015, 02:10:49 AM

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.

U choose bitcoin unstead of cash vecause the rate of bitcoin change everyday ao that it is possible that your money will be bigger too and you will earn. Also in bitcoin your money is secured because you were not able to use it in unimportant things.

shezu007

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mostly people are keeping bitcoin in their wallet in place of to cash it and i think the main reason behind it is that bitcoin price is varying and mostly price of bitcoin is increasing due to increasing of customers of bitcoin so if you have a bitcoin in your wallet and price of bitcoin is increased then your bitcoin will also increased and in this way your BTC is keep safe and increased with out any work done by you.

nerverd99

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Quote from: BTCfan97 on July 08, 2015, 02:10:49 AM

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.

Bitcoin is also unaffected by politics or government in some countries
Another advantage of this currency is protecting from inflation

lendahawkins

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“The Future of Security Tokens”

Because the value going rise time to time. Cash get low value for example in 2000 you have 100 usd u could buy many item like 10 various item in 100Usd. Now in 2017 you just could buy 5-6 same item and couldn't buy 4 item more like in 2000. thats means the value of money you keep getting low. Even the change charge of bitcoin getting high its equivalents with the price that going high so its still worth to keep bitcoin.

Chrisjay29

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Quote from: BTCfan97 on July 08, 2015, 02:10:49 AM

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.

I choose bitcoin instead of cash because cash decrease day and day...but bitcoin its increase high and can multiple your money in just a day...even though bitcoin cant transact in a shopping mall... but you can convert it to cash but its have fee.. atleast its double your fund....

feonaishere19

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Because it is accessible anywhere in the world. You can use it to buy thing in any country.

You can't possibly carry a lot of money without the danger of getting mobbed, but if you have bitcoin, it is more safe because it is more secure.

beej

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Having both at the same time would be ideal since cash is handy with some
places, establishments and situations, but having bitcoin today is quite edgy.
It is true it's more secure, fast and also accepted at certain establishments
who are accepting payment with bitcoins. Bitcoin is also an asset and a
investment, as it's price and value increases over time, you get more than
what you got for it. Both possess advantages and disadvantages over the
other and to itself as well, for me both are valuable and handy these days.

reymartH

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Bitcoin doesn’t discriminate. You can use it anywhere in the world, to send value almost instantly, nearly for free. Transferring bitcoins costs just a few pennies and you can send as much value as you want. It’s important to remember that bitcoins can’t be counterfeited or duplicated. The cherry on top is that transactions are conducted in a peer-to-peer method, without the need for a bank or third party to oversee it.

Andre#

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Quote from: cryptocrusher on December 16, 2017, 12:16:11 PM

Quote from: dragonbhai on December 10, 2017, 01:57:15 PM

Quote from: CaterpillarRave on December 10, 2017, 12:19:26 PM

Cash won't help you to raise the valuation that you're holding but Bitcoin will help you to do that for sure.

It is always 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. Bitcoin transactions are better and very fast other than banking system.

How is cash riskier than bitcoin, in fact it is certainly the opposite, the risk of cash collapsing is far far less than that of bitcoin crashing. The other guy is right in that the main reason is simply because bitcoin will probably go up in value.

So funny when I heard some people told Cash is risky than Bitcoin, haha Cheesy

The value of Cash do not change much values if you are not the trader of forex market.
Honestly, if Cash has fluctuation, it is never higher than 10%/day.

`zoned

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Well...both have there pros and cons. There are some transaction you can't do with bitcoin especially where it is an interface business sometimes and or when the receiver do not understand what bitcoin is all about, so you might be forced to make use of paper money.
Anyway ,people would prefer having bitcoin because of its financial value as priority.

cryptocrusher

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Quote from: dragonbhai on December 10, 2017, 01:57:15 PM

Quote from: CaterpillarRave on December 10, 2017, 12:19:26 PM

Cash won't help you to raise the valuation that you're holding but Bitcoin will help you to do that for sure.

It is always 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. Bitcoin transactions are better and very fast other than banking system.

How is cash riskier than bitcoin, in fact it is certainly the opposite, the risk of cash collapsing is far far less than that of bitcoin crashing. The other guy is right in that the main reason is simply because bitcoin will probably go up in value.

Cloak1

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That's definitely true. It gives more advantages to have bitcoin instead of cash. And I think the biggest reason of having bitcoin is it's decentralised which means we can manage and monitor our own money. Simply, we become our own bank. No one can authorize it.

Glorious04

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Quote from: BTCfan97 on July 08, 2015, 02:10:49 AM

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.

Everything you’ve mentioned above are all right true but there are still functions of cash which bitcoind could not replace. We all know not all establishment, transactions and stores accept virtual currencies. Cheap example, if you want to give tip to a waiter, you cannot ask him for his wallet add and send him a penny. Wink

King Sastro

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Have cash money will never increase, we will not be interested in any news about cash because of fixed value, while bitcoin prices continue to rise so make everyone continue to buy bitcoin.

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