Why have Bitcoin instead of cash? - page 37.

FlightyPouch

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Quote from: jimn on September 03, 2017, 07:54:17 AM

Because Bitcoin have the promising and powerful potential a lot more and better than cash and fiat. The Bitcoin price is increasing quickly and highly, while the fiat price is almost stable or having very slow increasing .

But the thing is, we just know that bitcoin is being powerful and promising since we are seeing the equivalent price of it in the terms of fiats. Also, we can't really use bitcoin in one's country so we still convert bitcoin into fiat. We can say that we are fotunate to have a lot of bitcoin because if we convert them all, we will be having a lot of fiats in our hands, so I can only say that I still need fiat even if we have a lot of Bitcoins.

Chooroz

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Quote from: BTCfan97 on July 08, 2015, 01:10:49 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.

Indeed. Those statements you have said are really the main reasons why you should choose bitcoin usage over cash. Nowadays, we can see that bitcoin's progress is becoming really fast wherein its price rate also rises that gives and enables us to gain more profit than our initial earning we have save. Yes it is true that bitcoin provides security because it can only be accessed and manage by you. Fast transactions are just a couple of clicks away compared to the traditional. It is also widely use by many states and countries across the world.

KingdomHearts

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Quote from: jimn on September 03, 2017, 07:54:17 AM

Because Bitcoin have the promising and powerful potential a lot more and better than cash and fiat. The Bitcoin price is increasing quickly and highly, while the fiat price is almost stable or having very slow increasing .

Bitcoins are not only more worthy than fiat and other assets but also quite safer than them. Bitcoins are easy to use and there are zero chances of getting robbed with bitcoins. Bitcoins never ever show any signs that someone is holding them in wallets whereas too much cash in your pocket can become the cause of your murder.

jimn

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Because Bitcoin have the promising and powerful potential a lot more and better than cash and fiat. The Bitcoin price is increasing quickly and highly, while the fiat price is almost stable or having very slow increasing .

pitham1

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Quote from: btcgeek on September 03, 2017, 07:43:45 AM

Quote from: misterj on September 03, 2017, 07:32:28 AM

Government and banks cannot put tax in you bitcoins. This makes having bitcoins much more worthy than having any tangible money. As long as you got nothing to loose, bitcoins are worth investing rather than money.

Oh they will find ways to do so, the US already wants you to tell them what crypto's your holding.

They aren't trying to find out what you are holding. They are however trying to find out what you have sold, and how much profits you have made.
They don't care how you made your money, but they want to tax it all the same.

Chyton

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Why do I have Bitcoin instead of cash? I'm sure almost everyone will say that by having Bitcoin we have control our own money with no banks or government controlling them. Second one is ease of use, you just need the internet, some bitcoin and an address. Third one is rather controversial, you can bring tons of money by memorising some passphrases, or if you are too lazy to do that, you could save bitcoin private key (make sure it's encrypted for security reasons) and save it in your phone, USB, etc and voila you're carrying tons of money hassle free. Last one would be investment Grin

btcgeek

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Quote from: misterj on September 03, 2017, 07:32:28 AM

Government and banks cannot put tax in you bitcoins. This makes having bitcoins much more worthy than having any tangible money. As long as you got nothing to loose, bitcoins are worth investing rather than money.

Oh they will find ways to do so, the US already wants you to tell them what crypto's your holding.

Wingo

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I totally agree with your points especially that bitcoin is an investment because the value increases. Compare to the paper currency which sometimes is greatly affected by the changes in the economy of a specific country.

misterj

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Government and banks cannot put tax in you bitcoins. This makes having bitcoins much more worthy than having any tangible money. As long as you got nothing to loose, bitcoins are worth investing rather than money.

justdimin

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Quote from: audrey12 on September 01, 2017, 07:34:15 PM

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

You shouldn’t just have only bitcoin. You started with cash, so you will always be in need of it, because bitcoin is just a tech stock. But if you’re looking for reasons to invest into it, then first is that it is the best platform to save your income, and wait for it to grow into larger size.

So, you’re being smart by investing into it, another thing is that you’re safe with it, and no one controls your money.

Mung1943

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why have bitcoin rather of cash. I dont think i can just take this serious and thats only since there are to a lot of folks who thinks bitcoins are just for fun but they are value actual funds do dont think cash are worthless since the dont.

richardfisk

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Quote from: audrey12 on September 01, 2017, 07:34:15 PM

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

audrey12

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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

mornabo

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Quote from: unyil on September 01, 2017, 05:35:26 PM

Quote from: lixer on September 01, 2017, 05:12:41 PM

Quote from: Darklinkz on August 29, 2017, 01:09:11 AM

Cash is will not give anything you back if you hold them longer but bitcoin does rise in value over the years.

That’s cool and indeed smart strategy. I myself am in favor of trading. Trading though needs hard work and sound knowledge but those who get command over trading; they definitely earn more than others.
As far as fluctuations are concerned, they are mandatory for the survival of bitcoins and maintenance of their throne.

where can we get command over trading?

After all, now it's better to store bitcoins, because now we can use bitcoin to pay utility bills, buy certain items using bitcoin etc. so using bitcoin will be more practical and will save time to make payment because it can be done through online.

I think because bitcoin is digital instead of cash that is why bitcoin is easier to use for payments with someone who has a long distance. but it looks like you will get punishment too by using bitcoin for payments such as very expensive fees for transactions

Sled

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Bitcoin- in bullish time

Quote from: Silberman on September 01, 2017, 05:45:01 PM

Quote from: Palmerson on August 25, 2017, 10:09:42 AM

Quote from: Noilee on August 25, 2017, 09:51:43 AM

Bitcoin instead of cash because bitcoin have many uses, like its fastest in transactions online. Bitcoin gives opportunity to invest and has a value. Having bitcoin is a good idea now that someday we have a savings in the future. Bitcoin we have a chance to earn easy and we have more knowledge and idea that we can learn. Because bitcoin is most trusted, safe and secure than cash. Its also possible to earn a profit and the price of bitcoin is increasing.

I wonder how it bitcoin makes it easy to make money? I don't believe it. If you mean your income due to the increase in prices is a temporary increase. I don't think it's earnings and it will not last forever. To have bitcoin need a lot of work.

The profits you get due to price increase are unrealized profits but when you decide to cash out and you have the cash in hand then no one can take away those profits from you, traders are experts at this and anyone that can trade in forex will probably be able to adapt very easily to the bitcoin market, if you do not want to believe that is possible then that is fine but that does not means that it does not happen.

That is why it is best to become a trader because if you will study and learn about trading and if you master it then the profitability of bitcoin will become higher for you because you know how to do timing in buying and selling in bitcoin so you can sell at a higher and comfortable price and also buy at the lower price which is a good place to buy and to make profits in the future.

Silberman

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Quote from: Palmerson on August 25, 2017, 10:09:42 AM

Quote from: Noilee on August 25, 2017, 09:51:43 AM

Bitcoin instead of cash because bitcoin have many uses, like its fastest in transactions online. Bitcoin gives opportunity to invest and has a value. Having bitcoin is a good idea now that someday we have a savings in the future. Bitcoin we have a chance to earn easy and we have more knowledge and idea that we can learn. Because bitcoin is most trusted, safe and secure than cash. Its also possible to earn a profit and the price of bitcoin is increasing.

I wonder how it bitcoin makes it easy to make money? I don't believe it. If you mean your income due to the increase in prices is a temporary increase. I don't think it's earnings and it will not last forever. To have bitcoin need a lot of work.

The profits you get due to price increase are unrealized profits but when you decide to cash out and you have the cash in hand then no one can take away those profits from you, traders are experts at this and anyone that can trade in forex will probably be able to adapt very easily to the bitcoin market, if you do not want to believe that is possible then that is fine but that does not means that it does not happen.

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Quote from: lixer on September 01, 2017, 05:12:41 PM

Quote from: Darklinkz on August 29, 2017, 01:09:11 AM

Cash is will not give anything you back if you hold them longer but bitcoin does rise in value over the years.

That’s cool and indeed smart strategy. I myself am in favor of trading. Trading though needs hard work and sound knowledge but those who get command over trading; they definitely earn more than others.
As far as fluctuations are concerned, they are mandatory for the survival of bitcoins and maintenance of their throne.

where can we get command over trading?

After all, now it's better to store bitcoins, because now we can use bitcoin to pay utility bills, buy certain items using bitcoin etc. so using bitcoin will be more practical and will save time to make payment because it can be done through online.

lixer

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Quote from: Darklinkz on August 29, 2017, 01:09:11 AM

Cash is will not give anything you back if you hold them longer but bitcoin does rise in value over the years.

That’s cool and indeed smart strategy. I myself am in favor of trading. Trading though needs hard work and sound knowledge but those who get command over trading; they definitely earn more than others.
As far as fluctuations are concerned, they are mandatory for the survival of bitcoins and maintenance of their throne.

South Park

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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.

Any technology that is liberating can be used for bad purposes, look at encryption, it was created so other people could not decipher our messages and now many people are using it for bad things, they are able to hide their intentions thanks to encryption and now security forces are trying to find a way around that.

CowboyKiller

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Quote from: man1996 on September 01, 2017, 11:24:51 AM

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.

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