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Topic: Why have Bitcoin instead of cash? - page 140. (Read 246148 times)

sr. member
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July 05, 2016, 04:55:01 AM
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.
hero member
Activity: 1680
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Bitcoin- in bullish time
July 05, 2016, 04:50:37 AM
i dont think that cash will dissapear from the world completely. it is good to diverst your money. have cash but also bitcoin.
i think it will be completely possible to be honest because bitcoin will surely grow in the future and make me money
Why have bitcoins instead of cash? Surely because bitcoin amount appreciates.. Oh well it also depreciates, but that only makes it more thrilling to have bitcoins because of its unsteady characteristics. One thing is sure, if the price of bitcoin goes up, you will have a lot of cash..! Smiley
Yeah that is one of the best characteristic of bitcoin is for being volatile even though it's also has a bad part from bitcoin but mostly it's good because if the price is volatile we can earn serious amount of money like buying bitcoin for a cheap/low price and selling it after halving or just wait for price increase. That is one of the reason why do we need to have bitcoin instead of cash IMO Cheesy.
sr. member
Activity: 294
Merit: 250
July 05, 2016, 04:12:45 AM
i dont think that cash will dissapear from the world completely. it is good to diverst your money. have cash but also bitcoin.
i think it will be completely possible to be honest because bitcoin will surely grow in the future and make me money
Why have bitcoins instead of cash? Surely because bitcoin amount appreciates.. Oh well it also depreciates, but that only makes it more thrilling to have bitcoins because of its unsteady characteristics. One thing is sure, if the price of bitcoin goes up, you will have a lot of cash..! Smiley
sr. member
Activity: 294
Merit: 250
July 04, 2016, 05:12:03 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 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! Cheesy
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July 04, 2016, 04:52:47 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 dont think you should pick bitcoins above the cash becasue the cash will always be more worth than bitcoins will ever be so if you want to know
what kind of thing you should use inthe future i think we all will go back to cash because the bitcoin is only for investments.
If you would ask me, I would certainly pick the two because I just work and invest with bitcoins and convert my earnings to cash. I cannot leave without cash before I feel comfortable using it in real life.
sr. member
Activity: 271
Merit: 250
July 04, 2016, 04:01:24 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 dont think you should pick bitcoins above the cash becasue the cash will always be more worth than bitcoins will ever be so if you want to know
what kind of thing you should use inthe future i think we all will go back to cash because the bitcoin is only for investments.
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July 04, 2016, 03:37:06 AM
For me it's better to have bitcoin than cash because it doesn't pay taxes like what happening on physical currencies and also being anonymous and one of the best that i like in bitcoin is we can double our money with the help of different methods like trading and last but not the least  also it's better to have bitcoin because even you didn't do anything you can still make a good profit by just holding because every year the price of bitcoin is rising Cheesy. It's just my opinion Grin.
Definitely, with bitcoin we can always maximize our profit because of the anonymous features we are not obliged to pay taxes on our income. That is the beauty why the government is studying on how to impose taxes on bitcoin users doing online transactions.

In the future, when the bitcoin becomes a major currency recognized by tax authority, you have to pay tax.
Exactly, and that would lessen our income earn in the crypto world but we need to sacrifice for that to be able to achieve success in the future.
sr. member
Activity: 308
Merit: 250
July 02, 2016, 06:54:56 AM
For me it's better to have bitcoin than cash because it doesn't pay taxes like what happening on physical currencies and also being anonymous and one of the best that i like in bitcoin is we can double our money with the help of different methods like trading and last but not the least  also it's better to have bitcoin because even you didn't do anything you can still make a good profit by just holding because every year the price of bitcoin is rising Cheesy. It's just my opinion Grin.
Definitely, with bitcoin we can always maximize our profit because of the anonymous features we are not obliged to pay taxes on our income. That is the beauty why the government is studying on how to impose taxes on bitcoin users doing online transactions.

In the future, when the bitcoin becomes a major currency recognized by tax authority, you have to pay tax.
legendary
Activity: 1106
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July 01, 2016, 02:50:53 AM
For me it's better to have bitcoin than cash because it doesn't pay taxes like what happening on physical currencies and also being anonymous and one of the best that i like in bitcoin is we can double our money with the help of different methods like trading and last but not the least  also it's better to have bitcoin because even you didn't do anything you can still make a good profit by just holding because every year the price of bitcoin is rising Cheesy. It's just my opinion Grin.
Definitely, with bitcoin we can always maximize our profit because of the anonymous features we are not obliged to pay taxes on our income. That is the beauty why the government is studying on how to impose taxes on bitcoin users doing online transactions.
hero member
Activity: 2590
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June 30, 2016, 10:26:14 AM
For me it's better to have bitcoin than cash because it doesn't pay taxes like what happening on physical currencies and also being anonymous and one of the best that i like in bitcoin is we can double our money with the help of different methods like trading and last but not the least  also it's better to have bitcoin because even you didn't do anything you can still make a good profit by just holding because every year the price of bitcoin is rising Cheesy. It's just my opinion Grin.
legendary
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https://trueflip.io/
June 30, 2016, 01:38:28 AM
easy to use and doesn't need to be held physically and you can purchase just about anything without having to wait days or weeks to get your transactions processed and verified by bankers.
Exactly, and since our money is not on our hand, it could also help us to save it as we will not be easily tempted to spend it, unless you are a gambler, but base on my experience once my money is in my blockchain wallet I am not thinking that I have the money to spend.
full member
Activity: 154
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★YoBit.Net★ 350+ Coins Exchange & Dice
June 29, 2016, 04:34:35 AM
easy to use and doesn't need to be held physically and you can purchase just about anything without having to wait days or weeks to get your transactions processed and verified by bankers.
sr. member
Activity: 364
Merit: 250
June 29, 2016, 04:20:21 AM
Why have bitcoins instead of cash i think it is just better to have cash instead of bitfcoins because cash will always be more worth than a bitcoin right now
you cant pay everywhere with just the bitcoin. The shops witch accepting bitcoins are getting more but not that enough to have bitcoins instead of cash.
sr. member
Activity: 462
Merit: 250
June 29, 2016, 03:45:10 AM
Its way safer you cannot get robbed and you can also simply not lose it because its just on your phone(wallet) as a example.

You are right about that, I think its better to have bitcoins on you than real money, also the fact is that you can do the transaction easily and without any problems that you have to exchange and have something back from an a mount.
But the thing with Bitcoin is that you can get hacked without you even knowing who took your money so there is really nothing you can do about it. When someone tries to rob you, you still have a couple option to choose from.
I still think that cash is better then the Bitcoin because it is more accepted and you can do more with it.
sr. member
Activity: 448
Merit: 250
June 27, 2016, 10:23:22 AM
The reason why some people would choose Bitcoin over cash is because that you can you can use it as an investment to make more money.
You can also use them to bu things online, something that you can also not do with cash.
sr. member
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June 27, 2016, 09:16:26 AM
i dont think that cash will dissapear from the world completely. it is good to diverst your money. have cash but also bitcoin.
i think it will be completely possible to be honest because bitcoin will surely grow in the future and make me money
full member
Activity: 154
Merit: 100
June 27, 2016, 09:04:42 AM
i dont think that cash will dissapear from the world completely. it is good to diverst your money. have cash but also bitcoin.
Yeah, cash is important because with it we can easily transact will people surround us, the volume of users of bitcoins is not really that high compare to cash users, both are useful and they have a different advantage, when transacting online then no question bitcoins is the best and the other transactions cash will take care.
Of course, it's like comparing island to a country.
Cash lived longer than bitcoin that's why it more known than bitcoin. What do you even expect?
legendary
Activity: 1106
Merit: 1000
June 27, 2016, 09:03:18 AM
i dont think that cash will dissapear from the world completely. it is good to diverst your money. have cash but also bitcoin.
Yeah, cash is important because with it we can easily transact will people surround us, the volume of users of bitcoins is not really that high compare to cash users, both are useful and they have a different advantage, when transacting online then no question bitcoins is the best and the other transactions cash will take care.
hero member
Activity: 798
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June 27, 2016, 02:36:43 AM
i dont think that cash will dissapear from the world completely. it is good to diverst your money. have cash but also bitcoin.
sr. member
Activity: 365
Merit: 250
June 27, 2016, 02:17:00 AM
Well, I guess this is the advantages and uniqueness of bitcoin. perhaps because the coin, the transaction will be faster, besides, maybe it was created with the aim to differentiate from other transaction tool. but, made in any form, it does not matter, the important thing is that many people liked it, but would probably be better if in the form of cash  Grin Grin
Yes Bitcoins are best due to it's daily use and lot of advantages.
Online transactions can be done in seconds through bitcoins. Bitcoins is easily convertible to cash. I always have many people are ready to buy it from me. So, for me bitcoins are always better than cash.
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