Topic: Why have Bitcoin instead of cash? - page 31. (Read 246169 times)
All your points are very good. One thing to add, atm it's very easy for illegal shit though :-)
Bitcoin has a list of advantages over hard cash.
1.Starting from the fact that bitcoin's value is increasing over time due to its limited supply. While cash being a fiat has limitless supply therefore its value is decreasing over time.
2. Bitcoin is much more safer and easier to store than storing cash somewhere.
3. Bitcoin can be easily sent over to anyone around the world. Something like that is certainly very difficult for cash.
4. Bitcoin is a uniformily accepted means of payment throught world while cash would work in your own country.
These things makes bitcoin a better thing to trade and keep.
Dollar is bullshit as compared to bitcoins. It is not good in anyway. I don’t find anything amazing regarding dollar. It is just a paper with few stamps on it, nothing else. Bitcoins are the best ever currency man has made because it is dual in nature, at a time it serves as currency and investments.1.Starting from the fact that bitcoin's value is increasing over time due to its limited supply. While cash being a fiat has limitless supply therefore its value is decreasing over time.
2. Bitcoin is much more safer and easier to store than storing cash somewhere.
3. Bitcoin can be easily sent over to anyone around the world. Something like that is certainly very difficult for cash.
4. Bitcoin is a uniformily accepted means of payment throught world while cash would work in your own country.
These things makes bitcoin a better thing to trade and keep.
They will regulate us whether we like it or not and all we can do is just to accept that reality that bitcoin has a limitation.
This is the benefit of them when they become government.
And the nature of Bitcoin is also complete opposition the regime of their country.
It is safer to bring BTC than bringing a large amount of cash. But we still need cash though, but for investments BTC has a great advantage to us.
You have a point. For me, I am much comfortable in bitcoin rather than cash. It is faster, safer and easier to transact online. Also, there is no third party involve so you don’t need to pay tax when you buy stuffs.
but if WAR III or bitcoin system hacked what you will do
Bitcoin has a list of advantages over hard cash.
1.Starting from the fact that bitcoin's value is increasing over time due to its limited supply. While cash being a fiat has limitless supply therefore its value is decreasing over time.
2. Bitcoin is much more safer and easier to store than storing cash somewhere.
3. Bitcoin can be easily sent over to anyone around the world. Something like that is certainly very difficult for cash.
4. Bitcoin is a uniformily accepted means of payment throught world while cash would work in your own country.
These things makes bitcoin a better thing to trade and keep.
Dollar is bullshit as compared to bitcoins. It is not good in anyway. I don’t find anything amazing regarding dollar. It is just a paper with few stamps on it, nothing else. Bitcoins are the best ever currency man has made because it is dual in nature, at a time it serves as currency and investments.1.Starting from the fact that bitcoin's value is increasing over time due to its limited supply. While cash being a fiat has limitless supply therefore its value is decreasing over time.
2. Bitcoin is much more safer and easier to store than storing cash somewhere.
3. Bitcoin can be easily sent over to anyone around the world. Something like that is certainly very difficult for cash.
4. Bitcoin is a uniformily accepted means of payment throught world while cash would work in your own country.
These things makes bitcoin a better thing to trade and keep.
They will regulate us whether we like it or not and all we can do is just to accept that reality that bitcoin has a limitation.
Bitcoin has a list of advantages over hard cash.
1.Starting from the fact that bitcoin's value is increasing over time due to its limited supply. While cash being a fiat has limitless supply therefore its value is decreasing over time.
2. Bitcoin is much more safer and easier to store than storing cash somewhere.
3. Bitcoin can be easily sent over to anyone around the world. Something like that is certainly very difficult for cash.
4. Bitcoin is a uniformily accepted means of payment throught world while cash would work in your own country.
These things makes bitcoin a better thing to trade and keep.
Dollar is bullshit as compared to bitcoins. It is not good in anyway. I don’t find anything amazing regarding dollar. It is just a paper with few stamps on it, nothing else. Bitcoins are the best ever currency man has made because it is dual in nature, at a time it serves as currency and investments. 1.Starting from the fact that bitcoin's value is increasing over time due to its limited supply. While cash being a fiat has limitless supply therefore its value is decreasing over time.
2. Bitcoin is much more safer and easier to store than storing cash somewhere.
3. Bitcoin can be easily sent over to anyone around the world. Something like that is certainly very difficult for cash.
4. Bitcoin is a uniformily accepted means of payment throught world while cash would work in your own country.
These things makes bitcoin a better thing to trade and keep.
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.
i think the reason why bitcoin is better than cash is that considering nowadays having a cash with you doesn't guarantee security. unlike bitcoin it is a secure currency and investment. its transaction is also pretty fast and reliable.
Very well, besides that I would like to add:
5. Btc is guaranteed by the people instead of money secured by government and central banks, which is more than gold.
6. Economy will reduce " inflation" because Btc are not dependent on the individual, organization or government as money, can not print at will; It is limited and very difficult to "dig".
7. Btc self "excute" through "smart contract" without intermediaries. Fast and convenient.
I believe in bitcoin in the future as it becomes more popular and less volatile.
It is safer to bring BTC than bringing a large amount of cash. But we still need cash though, but for investments BTC has a great advantage to us.
I would completely resist this idea of keeping Bitcoin instead of cash . Bitcoin should not be used as a mode to make transactions , it should just be used as an investment . The prices of Bitcoin fluctuate alot making it a bad currency but a good investment . Also I have seen people using Bitcoins vigorously as soon as they earn without even checking it's actual value. Some people don't understand that if they hold for few days then they can actually make more profits comparatively just as the price of Bitcoin increases.
Maybe that is true at the moment but bitcoin was created as a currency and if you want your bitcoin to become more valuable in the future then the capability of bitcoin of being used as a currency needs to go up or we are never going to see the prices we dream on. 
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 don't really care about the technical stuff you have mentioned above because what I care about is bitcoin price at 5K now and more than double in next two to three years. That's the thing why I want to have bitcoin with me and I'm pretty sure cash will be there once I trade bitcoin at highest price possible in the near future.
Very good points. I'd like to add:
5) Banks can't steal it from you. You may think they can't steal cash either; that's not true. With central banks printing money by the hundreds of billions, and commercial banks creating money as debt like there's no tomorrow, they're effectively lowering the relative worth of your money in their advantage. Remember: stealing 5% off your deposit, or increasing the total money supply by 5% by creating it out of thin air, has essentially the same effect.
This is a very interesting topic, 5) Banks can't steal it from you. You may think they can't steal cash either; that's not true. With central banks printing money by the hundreds of billions, and commercial banks creating money as debt like there's no tomorrow, they're effectively lowering the relative worth of your money in their advantage. Remember: stealing 5% off your deposit, or increasing the total money supply by 5% by creating it out of thin air, has essentially the same effect.
6. Someone who owns it will assume that they will regret if hey consume their btc that has the potential to grow and also for them to save, not to buy luxurious things.
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.
i think the reason why bitcoin is better than cash is that considering nowadays having a cash with you doesn't guarantee security. unlike bitcoin it is a secure currency and investment. its transaction is also pretty fast and reliable.
For me bitcoin is an investment. Although some purchases are small, making and using this cryptocurrency.
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.
many of my friends did not work but a lot of money away was great when compared, to me that is still working in the factory, I was confused from where producer obtained from bitcoin?
There are many online jobs that offers bitcoin as its form of payment to your job. A good example would be signature campaign, before the income here was not that good but after many price hike on the value of bitcoin the daily income on my signature campaigns also grew. Today my earnings from signature campaign would reach 9,000 pesos monthly and that is very helpful to me and my family.
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 would completely resist this idea of keeping Bitcoin instead of cash . Bitcoin should not be used as a mode to make transactions , it should just be used as an investment . The prices of Bitcoin fluctuate alot making it a bad currency but a good investment . Also I have seen people using Bitcoins vigorously as soon as they earn without even checking it's actual value. Some people don't understand that if they hold for few days then they can actually make more profits comparatively just as the price of Bitcoin increases.
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 .
It's because bitcoin price is very volatile, it changes in many ways, it can drop and recover in just a few hours. A lot of people earned a lot of money because of it's volatility. Another things is that bitcoin is decentralized. Government doesn't have control over it, so there's no tax. Transactions are easy with bitcoin compared with fiat money.
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