Topic: Why have Bitcoin instead of cash? - page 160. (Read 246169 times)
I listen a costumer i had in my shop saying that his credit card has been copy and someone took around 3btc in cash from his account,soo i believe holding cash into banks arent no longer the best place,this is something that banks cant anymore protect your money,with bitcoin you will need a lot work and lucky to guess all the passwords and codes to get acesss the accounts.
For what you say are really good points of bitcoins and this will gradually help others just like me understand the world of bitcoin and how important it is nowadays wherein others still do not know and realize it. This will also somehow the reason why we can share its good points..
For now Bitcoin is more an investment method for me. Let's hope for the best, and on day we'll see Bitcoin as a mainstream payment method.
Well bitcoin is more secure, because you cannot lose it on the streets or something.
Also the payments are faster and secured because there is nothing that can be disappear or something.
Also the payments are faster and secured because there is nothing that can be disappear or something.
bitcoin will be more popular later in the future and also more used and that is very good. The world is becoming more digital and that is very nice.
I hope that more people are also going to use Bitcoin and that it will be more popular and more worth that is also very important.
I hope that more people are also going to use Bitcoin and that it will be more popular and more worth that is also very important.
You can use Bitcoin even with more anonimity and security then cash, so if this are the important things for you Bitcoin is better choice.
Right, also if you convert your fiat into bitcoins your bitcoin will rise value if the price rises in the future.Yeah, bitcoin is good as an investment, as the value keeps on fluctuating, so if the value goes higher, we can have expect some good returns from it and the value of cash remains the same over the years.
You can use Bitcoin even with more anonimity and security then cash, so if this are the important things for you Bitcoin is better choice.
Right, also if you convert your fiat into bitcoins your bitcoin will rise value if the price rises in the future. Well both have plus points of course but what I really like abut the bitcoin itself is that is firstly secure.
Also the fact is that you cannot lose bitcoins easily with real cash this is the problem sometimes.
The last thing is that you cannot get robbed and lose it.
Also the fact is that you cannot lose bitcoins easily with real cash this is the problem sometimes.
The last thing is that you cannot get robbed and lose it.
Yeah, I think bitcoin is very safe and secure as a currency, as all your wealth is stored in your digital wallet, which is not accessible to anyone, more possibilities in fiat to get stolen.
Well both have plus points of course but what I really like abut the bitcoin itself is that is firstly secure.
Also the fact is that you cannot lose bitcoins easily with real cash this is the problem sometimes.
The last thing is that you cannot get robbed and lose it.
Also the fact is that you cannot lose bitcoins easily with real cash this is the problem sometimes.
The last thing is that you cannot get robbed and lose it.
You can use Bitcoin even with more anonimity and security then cash, so if this are the important things for you Bitcoin is better choice.
Bitcoin has a price that varies continuously depending upon the market but cash won't grow or increase in a short time as Bitcoin does. I prefer Bitcoin as investment rather than cash but for physical use nothing is possible with Bitcoin.
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 really like point #3 the best, i mean your first and second point are ok but dont always hold true. cash can be pretty safe, if you pay with debit or credit cards or something."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.
But #3 can only continue to do this as long there is more miners in the network.
And if we are relying china to hold this network, what if something there was no profit for them to mine anymore after all the bitcoins in circulation?
Well I think this question is pretty easy to answer, because the bitcoin is secure and you cannot get robbed.
Also you can not lose it on the streets and its also that you can transfer it internationally.
Also you can not lose it on the streets and its also that you can transfer it internationally.
Yeah, bitcoin is very safe and no one would be aware what amount of bitcoin you are holding in your wallet, and its never easy to steal or hack your bitcoins for sure.
It's not 100% safe imo. Hacker can robbed your bitcoin in your wallet, but it's easy to prevent it. And yeah, I think bitcoin is more easier than cash.
I choose both. Having bitcoins for pay and buy something online and also for gambling because i'm a gambler. and using cash for my daily life.
using cah for your daily life ? I can guess that you convert it to fiat first. then use it to buy.because bitcoin is still very rare to use the cash
I dont remember my cash being able to be worth more 1% or 6% daily being the diference on those like 4 to 24 dollars,cash hasnt this option,it has a kind of walls that the central bank usually act to reverse the other currencie.With bitcoin you can sleep with 300 dollars and wake with 350 dollars soo its a big difference,that said usually and now more then ever price should go up.
Well I think this question is pretty easy to answer, because the bitcoin is secure and you cannot get robbed.
Also you can not lose it on the streets and its also that you can transfer it internationally.
Also you can not lose it on the streets and its also that you can transfer it internationally.
Yeah, bitcoin is very safe and no one would be aware what amount of bitcoin you are holding in your wallet, and its never easy to steal or hack your bitcoins for sure.
Well I think this question is pretty easy to answer, because the bitcoin is secure and you cannot get robbed.
Also you can not lose it on the streets and its also that you can transfer it internationally.
Also you can not lose it on the streets and its also that you can transfer it internationally.
For investing ofcourse. Cash wont grow in your pocket. And if cash was put on a bank yes it will grow but for how many years before you feel the growth and how many thousands or millions to gain a good annual profit.
Yeah, banks will pay you interest in peanuts and over the period of time that interest would be useless as you also need to keep inflation rate in mind, so your money can grow with bitcoins as price would be higher in future.
"Bitcoins are a potential investment, cash is not" this is the point in my opinion,cash have not fluctuate price so deep,and bitcoin have it,and also nowdays people more aware with something on internet than aware with cash,we know cash more easy to rob or other badluck,but bitcoin worry less because it have no physical.
Of course there are sometimes people that invest in fiat. Sometimes the USDollar is pretty cheap compared to the Euro. Then there are people, mostly having not the best knowledge, that buy USD and sell it later when the price is higher.
Well, they don't know the forex markets but forex is nothing other too than investing into fiat. Possibly because there are different fiat currencies. And on forex market it does not matter so much if the fluctuations are not so big. Leverage there is high. So small changes can compete with normal bitcoin moves too.
So no, it's not only bitcoin that is used as investment.
For investing ofcourse. Cash wont grow in your pocket. And if cash was put on a bank yes it will grow but for how many years before you feel the growth and how many thousands or millions to gain a good annual profit.
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