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Topic: Why have Bitcoin instead of cash? - page 36. (Read 246169 times)

sr. member
Activity: 471
Merit: 500
September 07, 2017, 02:40:25 PM
Also cash in airport equals trouble, with bitcoin you can travel everywhere and the coin is always with you.

Not to mention that store cash at home in case of fire => disappeared; bitcoin: can be recovered as long as you have a copy properly stored.
full member
Activity: 479
Merit: 105
September 07, 2017, 11:57:23 AM
Bitcoin is a new currency and it can be purchase like fiat / cash also can be use for investation like gold. Bitcoin provide cheaper transaction fee and faster transaction but they also categorized as risky investation. (since their value are unpredictable)

since the value of bitcoin is changing low or high, it is better to use it in transaction and purchasing an item instead of cash. beside of its security, convenient to use, and more cheaper, bitcoin can be invest for long period of time and wait for high exchange so that can gain more profit from it. Using bitcoin because of a possibility that it will have high value in the future than the time they used to sell.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
September 07, 2017, 11:37:36 AM
Very precisely, Bitcoin more beneficial for all of us than we are to use the Bank for transactions carried out. However, more banks have a legal basis and will definitely get a guarantee on all the things we do. Unlike the bitcoin, bitcoin has no legal basis and also guarantee. But to the advantage I will use the bitcoin and after that Exchange bitcoin into fiat and after that used the bank so that my money is assured with good

Since I into saving then btc will really be my choice. Having btc can be a great help for me in the future and having it can help us to save a lot in the future. Cash is merely for buying stiffs and liiving.
The greatest advantage that bitcoin has over cash is the rate of return, even if many people do not see it like that cash is an investment, if you are from Europe and you hold mostly euros then you are invested in euros but the problem is that cash is always losing value, cash is never going to go up in value since they keep printing it but bitcoin in the long term always goes up in value.
hero member
Activity: 1092
Merit: 523
September 07, 2017, 10:48:09 AM
Very precisely, Bitcoin more beneficial for all of us than we are to use the Bank for transactions carried out. However, more banks have a legal basis and will definitely get a guarantee on all the things we do. Unlike the bitcoin, bitcoin has no legal basis and also guarantee. But to the advantage I will use the bitcoin and after that Exchange bitcoin into fiat and after that used the bank so that my money is assured with good

I utterly agree with you in this regard that people are no longer treating bitcoins as currency. They are investing into bitcoins for secure and better future not because they need to make some faster international transactions. Bitcoins are really unstoppable and are going to increase in value in the future as well.
sr. member
Activity: 420
Merit: 266
September 06, 2017, 04:22:22 PM
For me, the crypto currency is much more convenient and more comfortable in use. It's fast and easy. I think that ordinary paper money is gradually becoming outdated. And a lot of stores in my city are already asking buyers not to pay with the cash.
full member
Activity: 266
Merit: 107
September 06, 2017, 03:53:12 PM
Before bitcoin I and many of my countrymen were unable to transfer, receive or buy things from other countries as there is no such (Paypal etc) facility available or you were have to use bank wire for which you have to wait for long time and pay huge fees. Now it is very easy to transfer/receive money with bitcoin without delay and with less fees. So for me Bitcoin is the best instead of cash.
   
Well i think it is better to have cash because a lot of people dont want to sell their stuff for bitcoin,
because some dont know what it is, and others probably think you are scamming them.
hero member
Activity: 700
Merit: 500
September 06, 2017, 03:28:05 PM
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.

Also, if the merchant was using bitpay for example, the fee for you to use your bitcoins and send to tem is lower than the fee for you to use a credit card.

Merchants accepting bitcoin get to keep more of the profit from a sale, and if they keep the bitcoin and store it they will have made even more.
newbie
Activity: 37
Merit: 0
September 06, 2017, 01:21:44 PM
Before bitcoin I and many of my countrymen were unable to transfer, receive or buy things from other countries as there is no such (Paypal etc) facility available or you were have to use bank wire for which you have to wait for long time and pay huge fees. Now it is very easy to transfer/receive money with bitcoin without delay and with less fees. So for me Bitcoin is the best instead of cash.
   
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
September 06, 2017, 12:48:59 PM
Yess we should definitely use bitcoin instead of cash as bitcoin is more safe and secure and not a trouble to carry anywhere and moreover it is a universal currency and is developing at a very fast rate and it doesn't depend on any publishers.
Nope, although Bitcoin community grow more in this year, but it still not enough for using purchase everything. You also know the price of Bitcoin increase everyday and transaction fees increase too. Purchase small order is impossible with Bitcoin in current.
Back in the day when bitcoin was less popular people used bitcoin for all their needs and even if it was very difficult they found it could be done, in a place like Japan where many business are accepting bitcoin I think it should be relatively easy to use bitcoin for all your needs.
full member
Activity: 840
Merit: 105
★Bitvest.io★ Play Plinko or Invest!
September 06, 2017, 09:55:54 AM
Bitcoin is best instead of cash but for everyday need we still need cash. So I think we both need them but put the majority of your funds at the bitcoin.
full member
Activity: 448
Merit: 122
September 06, 2017, 09:42:21 AM
That is very correct of you, bitcoin is far more better then cash. In bitcoins you have more currency than in cash.you can easily covert your bitcoins to cask any time you need then, but you can't convert your cash that is paper money to bitcoin the interest is so high.
newbie
Activity: 30
Merit: 0
September 06, 2017, 09:31:54 AM
Bitcoin is a new currency and it can be purchase like fiat / cash also can be use for investation like gold. Bitcoin provide cheaper transaction fee and faster transaction but they also categorized as risky investation. (since their value are unpredictable)
full member
Activity: 336
Merit: 121
September 06, 2017, 09:13:20 AM
It is much better have bitcoin instead of cash, If you have bitcoin then you hold it for a long term, you will get high profit for sure because of teh volatility were bitcoin has, compare to cash you can only use as payment in the public businesses.


It will be soon happen because if we are having cash like bitcoin in our hands then we will have much power according to rich people. So everyone hoping for that bitcoin have promised people that they will provide us ATM card soon i hope that card come soon that we will start earning in bitcoin and get a lot of profit from bitcoin.
sr. member
Activity: 520
Merit: 250
September 06, 2017, 09:07:38 AM
Very precisely, Bitcoin more beneficial for all of us than we are to use the Bank for transactions carried out. However, more banks have a legal basis and will definitely get a guarantee on all the things we do. Unlike the bitcoin, bitcoin has no legal basis and also guarantee. But to the advantage I will use the bitcoin and after that Exchange bitcoin into fiat and after that used the bank so that my money is assured with good

Since I into saving then btc will really be my choice. Having btc can be a great help for me in the future and having it can help us to save a lot in the future. Cash is merely for buying stiffs and liiving.
newbie
Activity: 38
Merit: 0
September 06, 2017, 08:30:09 AM
Very precisely, Bitcoin more beneficial for all of us than we are to use the Bank for transactions carried out. However, more banks have a legal basis and will definitely get a guarantee on all the things we do. Unlike the bitcoin, bitcoin has no legal basis and also guarantee. But to the advantage I will use the bitcoin and after that Exchange bitcoin into fiat and after that used the bank so that my money is assured with good
hero member
Activity: 1120
Merit: 507
September 06, 2017, 06:36:28 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.

Point number 2 is the best for me , bitcoin can grow its value massively in an instant thats what i like most in bitcoin
that fiat /cash cannot do.
I don’t support the idea of having only bitcoin, you should also have cash. Yes, bitcoin has features that are much better, including being very fast for worldwide transactions, being the best option for investment, and being decentralized. But don’t rely only on bitcoin.
sr. member
Activity: 1045
Merit: 273
September 05, 2017, 03:15:38 AM
Holding bitcoin is like having an investment within your wallet after few time you will be surprise seeing your money grow because the value of bitcoin continue to appreciate
I agree with you. Holding bitcoin will give you a lot of chance to multiply your capital and that is the reason why more and more people focusing on bitcoin. However, since the price of bitcoin is too high, I am scared that people will only hold their bitcoin and do not want to spend their bitcoin. It will make bitcoin become an investment, not a currency anymore s
It is already acting as investment. People are now not using them much like currency anymore and the reason is very obvious. The high prices of bitcoins have made many people rich in this last pump. People are now holding bitcoins further tightly in their wallets to be richer in the next pump. Bitcoins are not going to stop rising further ever.
newbie
Activity: 56
Merit: 0
September 04, 2017, 09:47:29 PM
I dont believe men and women just want coins alternatively of their money. that is only due to the fact of the items you can pay out with bitcoins you cant buy or spend everything with cash and you can with money.
hero member
Activity: 994
Merit: 504
September 04, 2017, 08:53:37 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.

Point number 2 is the best for me , bitcoin can grow its value massively in an instant thats what i like most in bitcoin
that fiat /cash cannot do.
newbie
Activity: 39
Merit: 0
September 04, 2017, 08:51:15 AM
If you look at it thoroughly there is really a big difference in its usage. You cannot compare it with fiat due to the lack of where to receive bitcoin for now. Fiat have been in the world for a number of years and it is widely used as a means of trade. But if people will turn their heads on the side of bitcoin I am sure there will be good changes.
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