Topic: Why have Bitcoin instead of cash? - page 27. (Read 246169 times)
For me it is the sending charge. Why pay more in a cash transfer organization like western union and other people like that if you can do it through bitcoin. So simple for me and faster. My relative just want to go to the lender I send out them the account amount and pin. Then, they just withdraw it like an atm. I saved time and I saved funds.
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.
Indeed, thats a good point to explain what really bitcoin is and how bitcoin is good instead of cash. There are many advantages of bitcoin and far more than that is that it is user friendly to manage this kind of currency. And one more thing is that in bitcoin you will gain financial freedom because even you are a student, no work yet and only in your house and you know how to earn some of it, it could really be a big help and for not to be dependent to anyone else. "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 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.
In my own opinion bitcoin does not have that good security since there is a lot of news that wallets are being hacked. But yes transactions are so fast since it is an online currency but i think that people are interested in bitcoin because it was easier to earn instead of earning money in real cash.
If you wallets are being hacked it does not mean Bitcoin is not secured it simply means that your wallet is not secured. You can be hacked by simply using a public Wi-Fi. Best wallet are the hardware wallets.
For the topic as of now I do not see Bitcoin will replace cash but the reason why i am buying Bitcoin because we all know that bitcoins price will go higher and higher. Although I use it for trading I will also hold not just Bitcoin but my few other altcoins. This is an investment and investing in cryptocurrency is the best investment i have done.
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.
In my own opinion bitcoin does not have that good security since there is a lot of news that wallets are being hacked. But yes transactions are so fast since it is an online currency but i think that people are interested in bitcoin because it was easier to earn instead of earning money in real cash.
There are many reasons due to which we can choose Bitcoin over cash.The first reason can be the cheap and fast online transactions that Bitcoin provide us.The other reason can be the ease to access it .Bitcoin provides us with profitable investements in a very short period of time.It can be used as a way of side income. The transactions through Bitcoin are anonymous and due to its decentralized nature no third party can identify or track the transactions we make .These are some other features due to which Bitcoin can be preffered over cash.
Those advantages of bitcoin are the real reasons why we should have bitcoin. Bitcoin also possesses anonymity and anonymity in the web is power. This is another advantage of bitcoin that many people are interested in.
If we make a comparison between keeping of bitcoin and keeping of cash, then I believe the only one point will clear all our doubts and that point is bitcoin can help you earn much more cash than your actual cash. On the other hand, just paper cash cannot help you earn anything especially when you are just keep it. Yes that is true,the good features of having bitcoin is you can grow the value and gain some profits from it unlike cash or fiat. But the best thing of having bitcoin is you don't have to bring a physical wallet with you,it will save yourself from robbers and snatchers unlike bitcoin all you have to do is use the internet and just click. And your wallet is protected by password so even though you lost your electronics they can't still unlock your wallet.
I think Bitcoin is more secure than cash. Bitcoin users have full control of the transaction. Bitcoin payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Bitcoin users can also protect their money with backup and encryption. When traveling it is more safer if you have bitcoins with you than cash.
Totally agree with all 4 of these points. But what really stands out for me is that its not controlled by any country, therefore it is indeed flexible. It becomes universal. Imagine that you can pay for everything without having to worry about the exchange rates of most countries. Everything will be valued equal with bitcoins. Plus, it is less hassle. You just have to bring 1 wallet.
right, it is easier to access or to transact eveything if bitcoin would be used. its much convenient if you buy something using bitcoin. you dont need to bring bulky paper money or heavy coins instead you just have your wallet on your phone handy and everyhing would be very accesible
Those advantages of bitcoin are the real reasons why we should have bitcoin. Bitcoin also possesses anonymity and anonymity in the web is power. This is another advantage of bitcoin that many people are interested in.
If we make a comparison between keeping of bitcoin and keeping of cash, then I believe the only one point will clear all our doubts and that point is bitcoin can help you earn much more cash than your actual cash. On the other hand, just paper cash cannot help you earn anything especially when you are just keep it.
Bitcoins is easy to use, it allows you preserve monitor simply of your disbursements and receipts as it can be witnessed in the general public ledger, it also presents us the prospect to commit whilst using it and may revenue in the long term if we had been ready to control our bitcoins.
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.
This is just my opinion, my perspective, for me having bitcoins is an advantage because bitcoins bitcoins value are not stable as the real money or cash. Because you can both have a cash and an investment. But on the other hand, there are also disadvantage of it because sometimes the value drops so as your money, but the pump is more dominant than drop so it is a good thing. If you have a lot of money, after a year the value will always be the same, but if you have a lot of bitcoins after a year the value of it will change it can be worth millions.
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.
This is just my opinion, my perspective, for me having bitcoins is an advantage because bitcoins bitcoins value are not stable as the real money or cash. Because you can both have a cash and an investment. But on the other hand, there are also disadvantage of it because sometimes the value drops so as your money, but the pump is more dominant than drop so it is a good thing. If you have a lot of money, after a year the value will always be the same, but if you have a lot of bitcoins after a year the value of it will change it can be worth millions.
Having a cash in real world is a life risk..Yes,, you read it right.. Have you heard about kidnapped for ransom, holdups and snatching.. Then,, have you heard for a bitcoiners being killed or out in danger because of bitcoin.. None,, right. But money in a bank and because of syndicate employees working your credentials and private information might be compromised.. That’s the truth..
But not at all. It really happens sometimes because they are part of our society. All we have to do is always be aware and keep our money safe and secured. Its not your fault if you would face that such incidents, governments and other organizations should take action on those cases. So its not a mistake for having a cash or if we still prefer to use cash than bitcoin.Yup,, you have a point.. But think of it,, if you are using bitcoin.. You can do things at home without no problem at all (maybe depend on what country and wallet your using).. How we can keep our money safe on bank,, have you heard a bank manager stealing from bank accounts,, have you heard a bank employee/teller who sold personal information to criminal minded people for money.. Yes it exist,, I don’t say it is our mistake but we can avoided it when we’re using bitcoin instead..
Bitcoin is more secure than cash. You can't just up and mug someone to steal their Bitcoin, because you still need their password, 2FA, and private keys.
Totally agree with all 4 of these points. But what really stands out for me is that its not controlled by any country, therefore it is indeed flexible. It becomes universal. Imagine that you can pay for everything without having to worry about the exchange rates of most countries. Everything will be valued equal with bitcoins. Plus, it is less hassle. You just have to bring 1 wallet.
Having a cash in real world is a life risk..Yes,, you read it right.. Have you heard about kidnapped for ransom, holdups and snatching.. Then,, have you heard for a bitcoiners being killed or out in danger because of bitcoin.. None,, right. But money in a bank and because of syndicate employees working your credentials and private information might be compromised.. That’s the truth..
But not at all. It really happens sometimes because they are part of our society. All we have to do is always be aware and keep our money safe and secured. Its not your fault if you would face that such incidents, governments and other organizations should take action on those cases. So its not a mistake for having a cash or if we still prefer to use cash than bitcoin.
Having a cash in real world is a life risk..Yes,, you read it right.. Have you heard about kidnapped for ransom, holdups and snatching.. Then,, have you heard for a bitcoiners being killed or out in danger because of bitcoin.. None,, right. But money in a bank and because of syndicate employees working your credentials and private information might be compromised.. That’s the truth..
You should have Bitcoin instead of cash because for one you can convert your bitcoins to cash. That's what you'll be doing because your bitcoins will be growing but your paper money will be decreasing in value badly.
Obviously there's still the problem with lack of adoption. In most places, bitcoin can't be used for everyday expenses. Until that's fixed, cash will certainly be more convenient. And then there's the volatility problem. When prices are going up, that's great. But when they're falling, that could cause a lot of headaches. When I take money to the store, I want to know that when I check out an hour from now, the price is still going to be the same. If I'm using bitcoin and it plunges a few percent in that time, that's a big problem.
Right now, I think bitcoin is a great investment, but it still has a long way to go before it can take the place of cash in all situations.
Right now, I think bitcoin is a great investment, but it still has a long way to go before it can take the place of cash in all situations.
Those advantages of bitcoin are the real reasons why we should have bitcoin. Bitcoin also possesses anonymity and anonymity in the web is power. This is another advantage of bitcoin that many people are interested in.
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