Why have Bitcoin instead of cash? - page 28.

Bellator

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Quote from: madwica on October 03, 2017, 07:38:08 AM

Having bitcoin instead of cash is great in the form of investment we can make huge income by saving in bitcoin than saving cash into the bank because the value of bitcoin is always flactuates and it can me take it advantage for the users of bitcoin and that is why bitcoin is good even short term investment. But the only disadvantage of bitcoin is we can not used it for daily basis because we can not used to buy locally and we can not use in fare that is why we need also a cash and bitcoin is only for our investment.

This is one of the biggest investment platform nowadays and bitcoin rather than cash is one that people always prefered to invest now. Although it cannot be used directly at your local expenses, bitcoin can be directly exchanged and convert to fiat through banking exchanges at wallet sites online and that's the source if lots of fiat cash nowadays. Digital currency investments has greater advantages in terms of usability along with sustainable income.

Flodemaga

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This year who had all their fiat invested into bitcoin had been able to multiply around 2x-4x their investment, who were lucky and fast did sold at 5000 dollars and waited the crash, that happened, soo there are moments to have both into trading, but you should know bitcoin potencial is bigger then fiat, soo invest fiat into bitcoin and play with if you know what you doing.

madwica

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Having bitcoin instead of cash is great in the form of investment we can make huge income by saving in bitcoin than saving cash into the bank because the value of bitcoin is always flactuates and it can me take it advantage for the users of bitcoin and that is why bitcoin is good even short term investment. But the only disadvantage of bitcoin is we can not used it for daily basis because we can not used to buy locally and we can not use in fare that is why we need also a cash and bitcoin is only for our investment.

Pinkris128

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Quote from: NorrisK on July 08, 2015, 01:47:21 AM

Quote from: BIT-Sharon on July 08, 2015, 01:33:37 AM

Besides, Bitcoin is an invisible gold and do not be restricted by the customs.

Very good point! This basically allows you to bring more than 10k in "cash" around the glob in your pocket without customs having a chance to find out.. Can potentially be problematic though, helping illegal transactions.

I agree, besides its good to invest here in bitcoin for me because there is a chance that your money will increase ad the value of bitcoin increases. I chose more in bitcoin because its easy to transfer to our friends, family or relative as easy and fast even though they are far from us. We dont need to fill up any form before the money transfered, by just clicking for a minute your money can transfer to other wallet.

mkhadazz

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Has bitcoin for me as a diversification of investments i make. So, besides holding gold, divide it into bitcoin form. And this investment works with me. Cash i use for emergency only. Because daily needs can be met using my creditcard.

ronafurw

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Quote from: Oggy Pogi on September 14, 2017, 01:11:32 PM

Quote from: NorrisK on July 08, 2015, 01:47:21 AM

Quote from: BIT-Sharon on July 08, 2015, 01:33:37 AM

Besides, Bitcoin is an invisible gold and do not be restricted by the customs.

Very good point! This basically allows you to bring more than 10k in "cash" around the glob in your pocket without customs having a chance to find out.. Can potentially be problematic though, helping illegal transactions.

True, and bitcoin is was very accessible than cash , you must to bring your smartphone since bitcoin wallet was installed there which you can use for buying things that you want, paying a restaurant and riding in taxi I think all of these may be implemented soon .

I also agree with you. The same situation is in my country. I also do not use bitcoin in my local markets. Because there is no facility to use and accept bitcoin while paying the bills. On the other hand I believe that bitcoin is better than cash, because if you have bitcoin you can increase your money and if you want to buy something outside the country the payments will be easier through bitcoin instead of cash.

redsun114

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Quote from: fearcoka on September 14, 2017, 02:58:12 PM

Quote from: Oggy Pogi on September 14, 2017, 01:11:32 PM

Quote from: NorrisK on July 08, 2015, 01:47:21 AM

Quote from: BIT-Sharon on July 08, 2015, 01:33:37 AM

Besides, Bitcoin is an invisible gold and do not be restricted by the customs.

Very good point! This basically allows you to bring more than 10k in "cash" around the glob in your pocket without customs having a chance to find out.. Can potentially be problematic though, helping illegal transactions.

True, and bitcoin is was very accessible than cash , you must to bring your smartphone since bitcoin wallet was installed there which you can use for buying things that you want, paying a restaurant and riding in taxi I think all of these may be implemented soon .

You have to remember when you create a transaction hash, you need to wait a time for confirm your transaction if do not want to receive double spending! If you want to replace paper money, let's use visa or mastercard, it is instantly and faster than Bitcoin.

Having bitcoins instead of cash is useful because it is an investment and such investment will always go up. This will increase the value of money. But by only having cash we cannot think of it increasing any day and there are no chances of any profit from it. So i guess bitcoin is a better way in this case.

mozillaspez

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Quote from: Zigsss on September 26, 2017, 03:11:31 AM

I will choose bitcoin over the cash because as you can see the bitcoin price is increasing not just increasing but a massive pumping it started I think at the year 2009 where you can buy many bitcoin in just 1$ but know as you can see 1500$ and more to buy a 1 bitcoin so the bitcoin is good for online transactions and online earning and for investment too.

I’m also choosing bitcoin because the price of bitcoin is increasing on daily based so everybody will love say yes to use bitcoin .and normal/local money is stucked at one place so that’s better to invest in bitcoin instead investing or buying some other local currencies.

batang_bitcoin

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Quote from: BrockHunter on September 26, 2017, 03:40:03 AM

I would really like it if more and more people started to use bitcoin as you don't need to carry it around like regular cash, but it does mean that you need to be more tech savvy than most and teaching the older generations is going to be a tough one.

We can't please everyone and not all of us are agreed to use bitcoin instead of cash. We are here because we are satisfied to use bitcoin as it covers a lot of benefits, being an online currency, decentralized investment and other favorable stuffs for us but not for the gov't. But I'm waiting also for that day that when everyone is going to start using bitcoin in every transactions.

BrockHunter

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I would really like it if more and more people started to use bitcoin as you don't need to carry it around like regular cash, but it does mean that you need to be more tech savvy than most and teaching the older generations is going to be a tough one.

UchihaRukawa

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Bitcoin and other coins are better than our world currency today, the reasons listed above are just few of the reasons why cryotocurrencies are better than what we have today. I just can't wait for cyptocurrency to be the worlds currency.

Umigokath

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Bitcoin is having those advantages that cash money does not have like the transactions made online for the money transfers and billing payments, which I can compare to cash payment having very delayed transactions using mostly manual processing.

Sled

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Quote from: Farquit on September 26, 2017, 03:05:06 AM

Bitcoin can provide a continous profits while you are keeping it. We can also use it as a payment in different transaction. Instead of cash, you can pay your transaction or products with bitcoin by means of internet. It is a big advantage to all online jobs.

It is not true that bitcoin will provide continuous profits because there is something called dump in the market and it is very common to all of the market so the profits in bitcoin is not continuous and you can have a negative profit in bitcoin and also positive depending on the status of the market. The only advantage that i am happy with bitcoin is the opportunity to earn money online.

Zigsss

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I will choose bitcoin over the cash because as you can see the bitcoin price is increasing not just increasing but a massive pumping it started I think at the year 2009 where you can buy many bitcoin in just 1$ but know as you can see 1500$ and more to buy a 1 bitcoin so the bitcoin is good for online transactions and online earning and for investment too.

Farquit

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Bitcoin can provide a continous profits while you are keeping it. We can also use it as a payment in different transaction. Instead of cash, you can pay your transaction or products with bitcoin by means of internet. It is a big advantage to all online jobs.

Anochensio

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Quote from: shinchan123 on September 19, 2017, 01:44:11 PM

I think bitcoin is better than cash because it's price changes easily. More and more people are getting interested in bitcoin because they can earn a lot of money. A lot of my friends are now rich because of it.

Yes i also agree with you. The price of bitcoin can change so easily it can double your money in a few days. While euro or dollar are stable currency's so they cannot change easily.

More people see now that you can earn a lot of money with bitcoin so they start using it. More and more people join everyday.

Agraoclya

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Most of us know that BTC has some gaps that have been dealt with by altcoins. The network capacity to process a huge amount of transactions is one example or even the confirmation time. The bitcoin is not in the form of money because the most precious gold is invisible to the eye.

Sengoko

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Quote from: ?? on ??

You are right with saying that the value of fiat currency only goes down and therefore it's recommendable to store your value in other types.

But you have also to consider that the older people are not so familiar with the bitcoin processing and they might also consider it as illegal if they have used fiat money for their whole lifes and are manipulated by the public press.

Because bitcoins are the future of paper of money. They are more secured, stable and exponentially growing crypto currency than any other physical currency of the world. Bitcoins are easier to carry than physical money.

People have their bitcoins in their hard drives or digital accounts or on their personal clouds, they use them for future investments and trading.

Budugbass

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Indeed, the more visible bitcoin now is one way to earn more money. Bitcoin is used as a more modern way to make a profit, and it can be said to be a substitute for cash as well as to transact / buy something. But it's just that bitcoin value is still not stable and easily influenced by various things, but so far bitcoin is already profitable for its users.

Mjuke

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Thanks to this thread.

I was asked the same with an older gentlemen (stock investor) and I couldn't explain to him why BTC is a good investment.

Topic: Why have Bitcoin instead of cash? - page 28. (Read 246169 times)