Why have Bitcoin instead of cash? - page 151.

HarryKPeters

hero member

Activity: 896

Merit: 1000

Live Stars - Adult Streaming Platform

Quote from: bitlancr on May 23, 2016, 09:56:37 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.

rektDude

sr. member

Activity: 364

Merit: 250

Quote from: BTCfan97 on July 08, 2015, 01:10:49 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.

Its not that you dont need to use cash if you have bitcoins you can use both off course. But it depends about what you want to buy you can buy almost everything with cash. But you cant with coins so take the right choice what you want to buy and with cash or coins.

bitlancr

hero member

Activity: 616

Merit: 500

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.

Ulloa

sr. member

Activity: 364

Merit: 250

Bitcoin will be the future money and you also can see that Bitcoin is becoming more acceptable and a higher value so that is really important.
But the bad thing is that nobody will know what will happen and that is the problem.

praprata

sr. member

Activity: 420

Merit: 250

Some people like to have Bitcoin instead of cash because with Bitcoin the value can always go up which can lead to more money for the holder. But there is also a chance that the price is going to go down so always keep check of the price when you are holding.

outatime1

sr. member

Activity: 364

Merit: 254

CryptoTalk.Org - Get Paid for every Post!

One point that you hit on is that fiat can go down in value because of inflation. Bitcoin is not just an investment, but it is a deflationary coin. There is a limited number of bitcoins which should make the value go up instead of down like fiat.

Another reason to have bitcoin is that it is independent of any government. You could say that government regulate it, but other than that, it is out of their control.

Probably one of the things I like most about bitcoin is that we don't need the banks for us to store it or use it.

Ziskinberg

hero member

Activity: 3010

Merit: 666

Bitcoin is good because it is hard to steal, with bitcoins you are not under the monitoring of the government as you can hide your true financial status. With this, I find it a good benefits of being a bitcoin holder, that is just one, how about the interest you earn by just holding it as it is slowly increasing so you bitcoins will also increase in value.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: Lokfar on May 10, 2016, 09:20:41 AM

Quote from: barbara44 on April 26, 2016, 11:52:34 AM

Quote from: expert4knowledge on April 19, 2016, 05:28:30 PM

Quote from: ingiltere on April 19, 2016, 02:59:50 PM

Where can I put my cash? Banks. I hate banks, they can control my money, also government has right to shut down or freeze my bank account or money, so why should I trust banks or governments? I have Bitcoin that I have full control over it. Privacy is the most important thing in this era, I wouldn't tell how much money I have. Bitcoin gives me this freedom, that's why Bitcoin is over cash.

Bitcoin wallets have some limitations and risks but I agree that there is not any big brother to control like what banks control.

But that limitations and risks are not dangerous like that of banks, the limitations of bitcoin wallet are much less smooth and tolerant, we often do not feel that limitations while dealing in biotin.

As you know you see that there are now more people that is using Bitcoin as their payment method and that is because it works easily and that is nice for the currency.
And it is also safer on the street because you cant be robbed if you are using Bitcoin.

I agree because most people know about bitcoin and knew the use of it will prefer to use bitcoin rather than any processors or cash because they can lessen the transaction fee made by every transaction they want to do, and in bitcoin they can possibly earn big money for investing rather than cash thats why bitcoin users are lucky to know bitcoin because theirs many oppurtunity they can get for it, but for people who dont know nor dont have proper education about it might rather than use cash to avoid them to lose money for something they dont know what they are joining.

Hatuferu

legendary

Activity: 1092

Merit: 1000

https://trueflip.io/

Bitcoins is easy to use, it lets you keep track easily of your disbursements and receipts as it can be seen in the public ledger, it also gives us the opportunity to invest while using it and might profit in the future if we were able to manage our bitcoins.

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

I just collecting bitcoin because i am just trying my luck about bitcoin and bitcoin can be high value than cash..
But i am earning this two cash and bitcoin i just holding more bitcoins and wait for block halving to make more profit..

Erzatium

sr. member

Activity: 322

Merit: 250

That's why people uses cash and not the bitcoin because there are several things you can't always buy
just with the coin. You can buy everything with cash that's for sure. In the future there will be a point
that we can buy anything with coins even in stores.

Lokfar

sr. member

Activity: 364

Merit: 250

Quote from: barbara44 on April 26, 2016, 11:52:34 AM

Quote from: expert4knowledge on April 19, 2016, 05:28:30 PM

Quote from: ingiltere on April 19, 2016, 02:59:50 PM

Where can I put my cash? Banks. I hate banks, they can control my money, also government has right to shut down or freeze my bank account or money, so why should I trust banks or governments? I have Bitcoin that I have full control over it. Privacy is the most important thing in this era, I wouldn't tell how much money I have. Bitcoin gives me this freedom, that's why Bitcoin is over cash.

Bitcoin wallets have some limitations and risks but I agree that there is not any big brother to control like what banks control.

But that limitations and risks are not dangerous like that of banks, the limitations of bitcoin wallet are much less smooth and tolerant, we often do not feel that limitations while dealing in biotin.

As you know you see that there are now more people that is using Bitcoin as their payment method and that is because it works easily and that is nice for the currency.
And it is also safer on the street because you cant be robbed if you are using Bitcoin.

senyorito123

hero member

Activity: 1764

Merit: 505

#SWGT PRE-SALE IS LIVE

Well bitcoin is really nice for those people who knows to use it because they have idea where they use and to earn profit with it and many bitcoin users will surely selects bitcoins for now and wait for halving to come, but if you really dont know about bitcoin well we should select real money so we can avoid to be scam.

goinmerry

legendary

Activity: 2940

Merit: 1083

Quote from: richjohn on April 27, 2016, 09:19:28 PM

I use bitcoin to convert to cash. Well, I prefer bitcoin because the price is rising and can be converted to more cash in the future. And also, it is more convenient to use bitcoin because you can directly pay some store with the use of bitcoin online.

Online yes. Convenience in it not yet I think. There are still some points missing. There are thing that should be considered. It must be used frequently also to gain it popularity and more movement means price fluctuations also concludes to profit for us.

apriyoni

sr. member

Activity: 308

Merit: 250

Quote from: Distinctin on May 10, 2016, 03:56:14 AM

I have some fiat, it depreciates year after year. I bought some bitcoin 3 years ago. Its price is many time higher.

Cash or the fiat issued by various governments is to extract money from poor people who do not have assets. So bitcoin is much better.

Distinctin

hero member

Activity: 2926

Merit: 657

No dream is too big and no dreamer is too small

I have some fiat, it depreciates year after year. I bought some bitcoin 3 years ago. Its price is many time higher.

richjohn

sr. member

Activity: 574

Merit: 255

I use bitcoin to convert to cash. Well, I prefer bitcoin because the price is rising and can be converted to more cash in the future. And also, it is more convenient to use bitcoin because you can directly pay some store with the use of bitcoin online.

arwin100

hero member

Activity: 2632

Merit: 787

Jack of all trades 💯

Quote from: rio3233 on April 27, 2016, 08:39:41 AM

Well, i have bitcoin instead of cash because i earned it. So it's automatically i use bitcoin instead of cash. But i also use cash too, i use both bitcoin and cash.

Well for people here and who knows bitcoin well we prepared bitcoin because we know how promisable this coin and we knew how to earn with it. Bitcoin also is very easy to transact with ans less fee for both transactor so it well be lessen unlike any other processors that charge big money to their users and many user using bitcoin now thats why i prefered bitcoin. But for people who dont know how to use bitcoin i can say they rather choos physical money than any other digital out there

panju1

legendary

Activity: 1246

Merit: 1000

Quote from: Kartikay on April 27, 2016, 09:51:34 AM

Also it is free from inflation and you can mine your own bitcoins, what else can be better than being the generator of money! Wink

And also it is tax free(which is basically my favorite advantage of it Tongue

). And no one can chargeback like paypal and credit cards as bitcoin transactions are always permanent.

Mining costs a lot... You may or may not make profits. If you are unlucky, it is like spending $2 to make a 1 dollar coin. So absolutely no fun in being the generator of money. Tongue

Kartikay

full member

Activity: 210

Merit: 100

Also it is free from inflation and you can mine your own bitcoins, what else can be better than being the generator of money! Wink

And also it is tax free(which is basically my favorite advantage of it Tongue

). And no one can chargeback like paypal and credit cards as bitcoin transactions are always permanent.

Topic: Why have Bitcoin instead of cash? - page 151. (Read 246169 times)