Why have Bitcoin instead of cash? - page 29.

Pettuh4

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Quote from: Hawkers7 on September 25, 2017, 08:12:15 PM

Quote from: BTCfan97 on July 08, 2015, 02:10:49 AM

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.

Agreed. I will also choose bitcoin rather than cash in paying any transactions. Since it is safe, it is also fast in transacting money. But only some of the countries are accepting bitcoin as a payment. I hope bitcoin will be a universal currency so that it will be easier for us to receive and send money in a safe way.

It is indeed easier and safer to pay with Bitcoin than cash but there aren't many merchants out there who are ready to accept our Bitcoin else I would have always preferred Bitcoin ahead of cash.

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Quote from: BTCfan97 on July 08, 2015, 02:10:49 AM

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.

Agreed. I will also choose bitcoin rather than cash in paying any transactions. Since it is safe, it is also fast in transacting money. But only some of the countries are accepting bitcoin as a payment. I hope bitcoin will be a universal currency so that it will be easier for us to receive and send money in a safe way.

Flodemaga

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I had bought some dollars last year and it had raised around 10% its value when i do exchange it into my local currencie, if i had invested into bitcoin those money i would had made around 2-5x mine investment, this is just an example why fiat isn the best option against bitcoin. Since fiat is controlled and manipulated by countries, while bitcoin is decentralized and free market does rule and set its value, but bitcoin potencial is huge, its like we had found the digital gold.

PizzaBTC

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Quote from: doomloop on September 19, 2017, 10:16:12 AM

Quote from: android17 on September 16, 2017, 12:11:06 PM

Quote from: BTCfan97 on July 08, 2015, 02:10:49 AM

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.

THere are many reason why we need to have bitcoin instead of cash and the major reason for me was its unstable value. BItcoin has the ability to pump and dump so that it is surely possible that it will continuously rise in the near future, I hope. IN addition many users are holding bitcoin with the same reason as mine.

For sure I am also going to choose bitcoin than the fiat money so I want to have space in my bitcoin wallet and want to invest my simple money to convert it into bitcoin so it is easy to transfer to the other person without cutting and have almost the same value as much you have transferred. It is easy to cash out at the time of the need and no one will steal your used amount from the cashed one no one can steal your bitcoin without your permission because of the bitcoin key. So it is safer than the fiat money.

Indeed! It is the safest way to send and receive money. I think in the present day as well as in the coming days, people will be attracted more towards digital things rather than typical things. The advantages which Bitcoin and all other Digital currencies are giving, I think there will hardly any person who will go for cash leaving out the most secure money.

marjoree

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Let us not be harsh to his friend because he does not know it yet. By Using bitcoin in our daily expenses makes our wallet totally empty (physically) although you have money on your own way, so you dont need to bring cash all the time while you can pay with your Bitcoin which is unseen and good and you cant be robbed after all because the other guy doesnt know about it either Grin

Strught85

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why have bitcoin alternatively of cash. I dont feel i can just take this critical and thats only due to the fact there are to numerous men and women who thinks bitcoins are just for exciting but they are really worth real money do dont consider coins are worthless because the dont.

millgates

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Quote from: Noilee on September 19, 2017, 02:35:14 PM

We have bitcoin instead of cash because its easy to use and trusted currency. Bitcoin has a value and profitable, there is opportunity in bitcoin you can invest and trade in bitcoin. Having bitcoin instead of cash is faster payments than cash, you can transfer money anywhere on the internet and free no fees. The price of bitcoin is continue to rise and gives profit to the investors. Having bitcoin instead of cash is best in investment and the price of bitcoin is increasing.

Yes, by using bitcoin, we will be protected from fraud because bitcoin cannot be counterfeited, unlike cash, or reserved arbitraly by sender, as with credit card charge back. And also using bitcoin is better than using cash because government can manipulate their local fiat because but no government can do the same thing to bitcoin.

kevpantof

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Quote from: android17 on September 16, 2017, 12:11:06 PM

Quote from: BTCfan97 on July 08, 2015, 02:10:49 AM

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.

THere are many reason why we need to have bitcoin instead of cash and the major reason for me was its unstable value. BItcoin has the ability to pump and dump so that it is surely possible that it will continuously rise in the near future, I hope. IN addition many users are holding bitcoin with the same reason as mine.

Lol! I liked your very realistic approach and as a matter of fact, we all are after bitcoins juts because of their prices, nothing else. People are converting fiat into bitcoins because bitcoins have more worth than any fiat currency and are soon going to rule the international market.

MintCondition

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Quote from: South Park on September 19, 2017, 06:24:27 PM

Quote from: Irfanmsa on September 14, 2017, 11:48:57 PM

Bitcoin is a consensus network that enables new payment systems and money that are entirely digital. Bitcoin is the first decentralized peer-to-peer payment network that is fully controlled by its users without central or intermediary authority. From the user's point of view, Bitcoin is similar to cash in the internet world. Bitcoin can also be viewed as the most prominent record keeping system currently available.

This is why bitcoin is a lot more than classical currencies, bitcoin can be used for so much more, bitcoin is not only a currency and an investment bitcoin can be used as ledger, as a way to keep record of anything you want and that is a game changer.

I think you mean the blockchain in the ledger part. Blockchain is the cutting edge of cryptocurrency and bitcoin is the most successful currency that used it. Decentralized is the new way on economy.

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Quote from: Irfanmsa on September 14, 2017, 11:48:57 PM

Bitcoin is a consensus network that enables new payment systems and money that are entirely digital. Bitcoin is the first decentralized peer-to-peer payment network that is fully controlled by its users without central or intermediary authority. From the user's point of view, Bitcoin is similar to cash in the internet world. Bitcoin can also be viewed as the most prominent record keeping system currently available.

This is why bitcoin is a lot more than classical currencies, bitcoin can be used for so much more, bitcoin is not only a currency and an investment bitcoin can be used as ledger, as a way to keep record of anything you want and that is a game changer.

Colt81

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Quote from: BTCfan97 on July 08, 2015, 02:10:49 AM

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.

Well, all of that are correct and we all know that they use bitcoin instead of cash because it may use it in different kind of trasactions and it is widely use in other coutry and they also legalized it. Lastly, they know that bitcoin is a good investment and they that the bitcoin has a high value than cash.

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1. Bitcoin can be divided to far greater, finer amounts than cash. Is this a big deal? Not really as anything smaller than a penny isn't too important for the average person. However, it could come in useful for large corporations that literally need to count every penny, like restaurants for example.

2. Bitcoin is more like cash than fiat. Bitcoin actually has value (blockchain) which in today's technological world actually means something.

3. Investment. Any cash you bought in 2009 is probably worth the same, or even less than it was around then. However, any Bitcoin you bought in 2009 is now worth THOUSANDS of times more than it was at that time.

shinchan123

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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.

Noilee

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We have bitcoin instead of cash because its easy to use and trusted currency. Bitcoin has a value and profitable, there is opportunity in bitcoin you can invest and trade in bitcoin. Having bitcoin instead of cash is faster payments than cash, you can transfer money anywhere on the internet and free no fees. The price of bitcoin is continue to rise and gives profit to the investors. Having bitcoin instead of cash is best in investment and the price of bitcoin is increasing.

doomloop

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Quote from: android17 on September 16, 2017, 12:11:06 PM

Quote from: BTCfan97 on July 08, 2015, 02:10:49 AM

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.

THere are many reason why we need to have bitcoin instead of cash and the major reason for me was its unstable value. BItcoin has the ability to pump and dump so that it is surely possible that it will continuously rise in the near future, I hope. IN addition many users are holding bitcoin with the same reason as mine.

For sure I am also going to choose bitcoin than the fiat money so I want to have space in my bitcoin wallet and want to invest my simple money to convert it into bitcoin so it is easy to transfer to the other person without cutting and have almost the same value as much you have transferred. It is easy to cash out at the time of the need and no one will steal your used amount from the cashed one no one can steal your bitcoin without your permission because of the bitcoin key. So it is safer than the fiat money.

azguard

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Quote from: Rojectime on September 18, 2017, 09:29:28 AM

For me it is the sending charge. Why pay far more in a money transfer organization like western union and other folks like that if you can do it by way of bitcoin. So simple for me and more quickly. My relative just need to go to the bank I ship them the account number and pin. Then, they just withdraw it like an atm. I saved time and I saved money.

this is something that is to some point true, if you are sending small amount fee are basically the same but for much bigger amount bitcoin is prime in this, even when you do converting from btc to fiat and other way around its far better option so large sums.

Harlot

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Quote from: Tapyaks72 on September 18, 2017, 09:59:03 AM

erf

Quote from: Rojectime on September 18, 2017, 09:29:28 AM

For me it is the sending charge. Why pay far more in a money transfer organization like western union and other folks like that if you can do it by way of bitcoin. So simple for me and more quickly. My relative just need to go to the bank I ship them the account number and pin. Then, they just withdraw it like an atm. I saved time and I saved money.

Because of the cyber age bitcoin is better that cash or fiat you can manage it easily you can transfer easily with out you using money transfer agency that will charge you with higher amount, while if you will engage in trading this is the best currency to kept and sell because it will increase the price so frequent because of its demand is so high.

For your information sending Bitcoin to other wallet services will charge you with a transaction fee. Also based on my observation on our local remittances sending money that is lower than 50$ are considerably cheaper compared to transaction fees being charged if you set it into a high priority. Also there is an argument about the availability of the services now comparing it to remittances, obviously their service is more widely used and widely known for ordinary people, also people who are willing to receive Bitcoin will face the issue of converting their Bitcoin to Fiat currency.

Tapyaks72

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erf

Quote from: Rojectime on September 18, 2017, 09:29:28 AM

For me it is the sending charge. Why pay far more in a money transfer organization like western union and other folks like that if you can do it by way of bitcoin. So simple for me and more quickly. My relative just need to go to the bank I ship them the account number and pin. Then, they just withdraw it like an atm. I saved time and I saved money.

Because of the cyber age bitcoin is better that cash or fiat you can manage it easily you can transfer easily with out you using money transfer agency that will charge you with higher amount, while if you will engage in trading this is the best currency to kept and sell because it will increase the price so frequent because of its demand is so high.

Rojectime

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For me it is the sending charge. Why pay far more in a money transfer organization like western union and other folks like that if you can do it by way of bitcoin. So simple for me and more quickly. My relative just need to go to the bank I ship them the account number and pin. Then, they just withdraw it like an atm. I saved time and I saved money.

man1996

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Bitcoin is much more safe and secure than the paper money.Banks can't take the bitcoins from us and charge interest on it.Bitcoin's price is also going up so we can get greater amounts in a very less time but we should have patience for it.

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