Well, I really don't think that there were many benefits about using bitcoin over fiat at the moment for the average person. But in terms of its future potential and benefits I'm interested in. Bitcoin is very risky and volatile coz as we can see as currently as the price tends to go down than up, but if it gets adopted by more people or industries in the future then the value should steadily rise. There's also the benefits of you being in charge of it, so it would help citizens like in Greece or Cyprus who's banks were restricted or even raided. Therefore there are many different reasons in choosing the currency between bitcoin and fiat.
I agree with you that there is no real advantage to use bitcoin instead of cash because as of now, bitcoin is still struggling to be used as a mode of payment in some countries or places and that is one of the proof that it is not yet ready for us to accept bitcoin and use it for a daily basis activities so we still need cash over bitcoin.
Topic: Why have Bitcoin instead of cash? - page 2. (Read 246169 times)
because you can earn a lot of money in bitcoin ,the bitcoin price is pumping or may be dumping if you have a strategy you will earn more money
Well, I really don't think that there were many benefits about using bitcoin over fiat at the moment for the average person. But in terms of its future potential and benefits I'm interested in. Bitcoin is very risky and volatile coz as we can see as currently as the price tends to go down than up, but if it gets adopted by more people or industries in the future then the value should steadily rise. There's also the benefits of you being in charge of it, so it would help citizens like in Greece or Cyprus who's banks were restricted or even raided. Therefore there are many different reasons in choosing the currency between bitcoin and fiat.
I agree with you that there is no real advantage to use bitcoin instead of cash because as of now, bitcoin is still struggling to be used as a mode of payment in some countries or places and that is one of the proof that it is not yet ready for us to accept bitcoin and use it for a daily basis activities so we still need cash over bitcoin. 
Actually it is a choice whther to have Bitcoin or fiat/cash. If one prefers digital currency which is the new trend, he/she is free to do so. While if he/she will choose fiat or paper money for some reasons same thing happens. Also Bitcoin despite of its advantages has bad sides also while paper money has the advantage of being less risky to use for having a stable market price which some people prefer.
Well, I really don't think that there were many benefits about using bitcoin over fiat at the moment for the average person. But in terms of its future potential and benefits I'm interested in. Bitcoin is very risky and volatile coz as we can see as currently as the price tends to go down than up, but if it gets adopted by more people or industries in the future then the value should steadily rise. There's also the benefits of you being in charge of it, so it would help citizens like in Greece or Cyprus who's banks were restricted or even raided. Therefore there are many different reasons in choosing the currency between bitcoin and fiat.
It just gets you more control over what you're doing with your money.
The volatility of bitcoin makes me fall in love with the bitcoin and other cryptocurrencies because i can trade with their volatility to generate fast profit which is bigger than my profits that i usually gain in trading stocks in the stock market.
all that is true, and making transactions and storing bitcoins safer. but one important point of bitcoin is its fluctuation. how traders can balance the price of their merchandise when bitcoin prices go up very drastically, while paper money tends to be more stable.
At this point in time there aren’t many reasons to convince someone to use bitcoin instead of cash. Cash is accepted by virtually everyone, it can be transported short distances physically with almost no hassle, and it’s an easily graspable concept.Now I said there aren’t many reasons, but there are a few big reasons. The first is that bitcoin is decentralized.
First, it is secured. Since it is a digital currency, you don't need to bring it physically. Hence, lessens the possibility of getting robbed or stolen money. Another is convenience, it makes you transfer payments anytime and anywhere. Even payments abroad can be done instantly.
The supply of bitcoins is predictable. It has the core characteristics of money: durability, fungibility and severability. It creates a monetary system that is independent of credit and identity and central Banks and governments. It's a new system in the digital age.
Bitcoin enthusiasts can be found in every city. They all agree that the value of the bitcoin transaction will continue to rise, because the supply of bitcoins is strictly limited and bitcoin is far superior to the legal tender of the government.
Bitcoin enthusiasts can be found in every city. They all agree that the value of the bitcoin transaction will continue to rise, because the supply of bitcoins is strictly limited and bitcoin is far superior to the legal tender of the government.
Though bitcoin have got more and more popularity bitcoin still can't replace cash. People can get benefited of holding bitcoin than holding cash. On the whole bitcoin is dependent on the fiat system directly or indirectly. But fiat system is not at all dependent.
And in the future I doubt that bitcoin will completely replace paper money, most likely it will be an additional currency.
Bitcoin is easily sent anywhere. Rather than filling out a form with your address, use a credit card. A lot of user friend than Fiat cash. Additionally bitcoins are very transparent because public ledgers give full visibility to where the transactions originated and where they were sent. On the other hand, no one knows who holds a particular bitcoin address
That is the reason the government always see cryptocurrency as a threat for the world's economy and the world order.
The criminal can take advantage this function to use for crime instead of FIAT like now.
Though bitcoin have got more and more popularity bitcoin still can't replace cash. People can get benefited of holding bitcoin than holding cash. On the whole bitcoin is dependent on the fiat system directly or indirectly. But fiat system is not at all dependent.
And in the future I doubt that bitcoin will completely replace paper money, most likely it will be an additional currency.
Bitcoin is easily sent anywhere. Rather than filling out a form with your address, use a credit card. A lot of user friend than Fiat cash. Additionally bitcoins are very transparent because public ledgers give full visibility to where the transactions originated and where they were sent. On the other hand, no one knows who holds a particular bitcoin address
At my opinion cash is much more better than bitcoin and i am not understand people who talking opposite. When amount of money is eqal cash is always better.
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.
"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.
Fiat's value is not growing that much while bitcoins in the market is pumping its price when there's a hype so bitcoins is really good investment because you can buy and sell anytime you want depending on you if you really want to become a trader.
Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Yes it is a invisible gold. Which mean to me, the value is increasing in a big range un like cash it does not increase especially if it is in your hand holding it. It will just be consume to buy your needs and wants it will not grow if you did not use it in a good way, or in a investment. If you have bitcoin and save if its value increase there is a big posibility that it will increase maybe double or triple of its number now.
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 Better than cash because of its amazing part bitcoin is a very much different in is a king of coins it value is very powerful from time to time "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.
Actually there are a lot of benefits for bitcoin users, especially when we travel to various countries. we do not have to exchange our currency with the currency of the country we visit. Because bitcoin is a digital currency that can be used in many countries. No need to bring a lot of money in your pocket and safer. In addition, money may decrease in the value of the price, while bitcoin is likely the longer the value, the higher the price Will be.
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 cannot be seen personally so it cannot be stolen by someone else unless they know your private key and password. Aside from that bitcoin is very easy to transact and very easy to send and receive. There are lot of things that bitcoin is very advantageous than cash. "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.
You can travel from country to country carrying a lot of cash in your smart phones without anyone to notice it. The burden of carrying a lot of money is avoided but the thing is, not all countries or institutions accept bitcoin as a means of payment.
That is best thing if bitcoin will be accepted world wide. No need to bring a lot of cash or even your credit card, all you need to do is to have your bitcoin wallet in your phones and you are ready to go. Now your android phone is not only for taking pictures and tweeting out your every move but also it is also your travel buddy in terms of your money.
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