I think there's up's and downs to both of them. Personally I mostly keep cash simply because of the stable value.
Bitcoin:
- Easy to make backups and encrypt, carry money without getting risking real life robbery
- Discreetly and safely carry large amounts
- Pay online and IRL with same money
Cash:
- No risk of hacking or loss due to technical issues (especially for newbies)
- Accepted everywhere IRL
- No volatility in value
Topic: Why have Bitcoin instead of cash? - page 158. (Read 246169 times)
Well one of the reason why I have bitcoins instead of cash is that its easy to transfer to another country.
Another reason is also that its safer and you will most likely not lose them if you secured them good.
Yes, it a best feature, with its transaction, no one knows that from which country the money came and to which country it is going. Without any restriction we can pay to any country resident for any thing to buy. Another reason is also that its safer and you will most likely not lose them if you secured them good.
I'd agree with most of the points here. What we need right now is awareness, if Bitcoin needs to become popular, then people should know about it. I come from a country where more than 50% of the population don't know how to use computers. That's what I feel
What is really good about bitcoin is for me, every transactions or business with it will not require you to pay tax from the government tax free. The transactions that you have will not require you to lend time or which is a very fast service, no need to wait for a long time in a long line better banking then...
More advantages of bitcoins over cash are :
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
yes that's true and that is the reason we are seeing more users entering into bitcoins as they want to take advantages from it and it is always safe to invest your money into it as in future the price would be much higher.
And that is very good. Now only the price must rise and than it will be so great for Bitcoin.
In a normal day your cash can be stolen to you by criminals that tends to take your cash.
But if you only have bitcoin in your pocket they wont notice that you have a lot of money in your pocket.
But if you only have bitcoin in your pocket they wont notice that you have a lot of money in your pocket.
It is for the price increase for me. I love seeing how my money move everytime there is a change in bitcoin price. The rise is more exciting and giving more reason to believe in it
More advantages of bitcoins over cash are :
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
Sometimes they can though. Most banks have better security than most Bitcoin holders I think.
~
-irreversible transactions
-irreversible transactions
And this is not good in some cases.
But overall I support Bitcoin and I think it is still better than cash.
In some countries you have to pay taxes on Bitcoin but still is better then cash. An there is some special feeling when using Bitcoin, at least in my case.
More advantages of bitcoins over cash are :
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
Sometimes they can though. Most banks have better security than most Bitcoin holders I think.
~
-irreversible transactions
-irreversible transactions
And this is not good in some cases.
But overall I support Bitcoin and I think it is still better than cash.
That's a question even I asked myself when a friend recommended me to buy bitcoins. I found it very costly to buy bitcoins on exchange websites and when I can save my cash in the bank, why do I need to invest in bitcoins?
I feel I'm one of those users who don't want to take risks and hence for me cash is always the best option (even though paper currency is worth less in future). I don't have many ways of spending this currency nor do I trade online. I only gamble sometimes and then withdraw it via LBC.
I feel I'm one of those users who don't want to take risks and hence for me cash is always the best option (even though paper currency is worth less in future). I don't have many ways of spending this currency nor do I trade online. I only gamble sometimes and then withdraw it via LBC.
More advantages of bitcoins over cash are :
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
1. You have to pay fees if you need to buy/sell bitcoins and then when you convert it into fiat, the cash incurs a tax.- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
2. Bitcoins wallets can be hacked easily while offline wallets have some kind of security. However, both online and offline wallets can be hacked as compared to bank accounts.
3rd and 4th points are valid as bank requires way too many verifications and the transactions also can be reversed.
More advantages of bitcoins over cash are :
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
yes that's true and that is the reason we are seeing more users entering into bitcoins as they want to take advantages from it and it is always safe to invest your money into it as in future the price would be much higher.
Tax is the main concern why people use bitcoin,who would want a big tax from the government when you can have less from doing bitcoin transaction.
More advantages of bitcoins over cash are :
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
yes that's true and that is the reason we are seeing more users entering into bitcoins as they want to take advantages from it and it is always safe to invest your money into it as in future the price would be much higher.
You can lost your cash or it can be stolen. It will never happen with bitcoins couse it really really safe. Also you can send your money everywhere without losing your %. btc is so good 
There are multiple advantages of bitcoin, There are safer than Creditcards and Debitcards and more convenient and easier to use than PayPal etc... ones you get used to it you find it relatively easy, also the lower fees are a big advantage.
Safe no.
Bitcoin don'f offer a buyers guarantee or protection. But what makes bitcoin 'better' is that is mus faster and you pay way less fee with bitcoin.
CC/Paypal and even banks have been overcharging us for decades.
Bitcoin does not provide safety from virus or spyware (neither does PayPal or Bank).
Bitcoin provides you safety from third party manipulation. Multiple people have had their PayPal account closed for "suspicious transactions", all money gone.
Well I find it much easier that is in the first place the thing, and the second things is faster with payments.
The second reason is that its easy to use and secure, the fact is also that bitcoin can be payed with over the whole globe.
The second reason is that its easy to use and secure, the fact is also that bitcoin can be payed with over the whole globe.
There are multiple advantages of bitcoin, There are safer than Creditcards and Debitcards and more convenient and easier to use than PayPal etc... ones you get used to it you find it relatively easy, also the lower fees are a big advantage.
Safe no.
Bitcoin don'f offer a buyers guarantee or protection. But what makes bitcoin 'better' is that is mus faster and you pay way less fee with bitcoin.
CC/Paypal and even banks have been overcharging us for decades.
There are multiple advantages of bitcoin, There are safer than Creditcards and Debitcards and more convenient and easier to use than PayPal etc... ones you get used to it you find it relatively easy, also the lower fees are a big advantage.
More advantages of bitcoins over cash are :
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
yes that's true and that is the reason we are seeing more users entering into bitcoins as they want to take advantages from it and it is always safe to invest your money into it as in future the price would be much higher.
More advantages of bitcoins over cash are :
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
yes that's true and that is the reason we are seeing more users entering into bitcoins as they want to take advantages from it and it is always safe to invest your money into it as in future the price would be much higher.
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