Why have Bitcoin instead of cash? - page 38.

jasonjm

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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.

Bitcoin adaptation rate is increasing day by day and the advantage of Bitcoin over cash is that Bitcoin price is continuously increasing while cash amount ia not increasing because it is fixed amount that you saved. As far as security is concerned there are chances that you may lose Bitcoin just like cash but although more secure than cash.

man1996

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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.

Lyancy001

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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.

This explains it.

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Quote from: olliedickman on August 30, 2017, 06:48:57 AM

Quote from: killmenow on August 30, 2017, 06:13:14 AM

Quote from: kafeelniazi on August 30, 2017, 05:07:23 AM

why
bitcoin is used instead of cash because bitcoin is growing continually while cash stable its value.
Attract peoples
the increasing price is the reason that attract people and increase the popularity of bitcoin, and that is the reason bitcoin gain trust of its users and that is why people invest more and more, because they know that bitcoin never fall.

you explain it very well.
let me add some more facts that made bitcoin more famous then cash.
1- as bitcoin is digital currency so it is very less chances to steal it. while cash can be steal at any movement, even bank will robbed.
2- bitcoin wallets are safest one and their security depends upon its users, stronger the passwords, maximum security.

Actually, when banks get robbed, nothing needs to be worried cause banks have bought insurance. And you will not lose your money at all. Unless banks and the government try to steal your money, you can not lose your money in the bank.

True with bank 90% of the banks have insurance that will cover any theft or even get them bigger score before the theft. Some bank even hope to get robbed so that they can come with more money before they got robbed. This is not something that is new they do all the time this. But security from now and back before 50 years is different and bank are now rarely robbed at all.

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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.

5. Unlike the common currency, bitcoin does not depend on trusting major publishers.bitcoins use a database that is distributed and spread to the nodes of a P2P network to a transaction journal, and uses cryptography to provide basic security functions, such as ensuring that bitcoins can only be spent by people owning them, and never be more from one time.

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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.

These four things are true, and I want to add that cash, for some, is hard to earn; you must be qualified to have income in a certain job. In bitcoin, whatever you are, no matter how old you are, you can easily earn and have bitcoins and it is surely safe. That's why I prefer bitcoin a lot than cash.

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Quote from: Rinder on August 30, 2017, 03:10:35 PM

Bitcoin has already proven its power, when we have bitcoin we are able to get some yearly interest, on the last 2 years bitcoin jumped from 250 dollars to almost 5000 dollars, if you hold fiat you wouldn had made much more then maybe 6% if the money were invested or at savings and those into two years. Besides those you have plenty control over your money with bitcoin something that with cash who rules those are the banks since we do are forced to let the money saved there otherwise soemone can steal.

We always look back the past and compare the price now which is really high, I hope for some people who are planning to invest will consider putting their money now because bitcoin has still more room to grow. With the fast development and it started to be accepted in big businesses, we can expect the demand will significantly increase, don't hesitate to invest because you are losing an opportunity every second if you will not invest now.

Rinder

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Bitcoin has already proven its power, when we have bitcoin we are able to get some yearly interest, on the last 2 years bitcoin jumped from 250 dollars to almost 5000 dollars, if you hold fiat you wouldn had made much more then maybe 6% if the money were invested or at savings and those into two years. Besides those you have plenty control over your money with bitcoin something that with cash who rules those are the banks since we do are forced to let the money saved there otherwise soemone can steal.

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Keeping cash i.e deposits in banks is a complete waste of resources considering the fact that small interest is usually accrued to the money despite all periods the cash was kept in the bank but with bitcoin saved and secured wallet there is a possibility of price of bitcoin increasing appreciable to a much more value greater than the interest from the bank.

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We are currently not able to only use bitcoin. The Fiat money we need in any case. Bitcoin is now only growing and each of us has to change bitcoins to Fiat to make purchases. If bitcoin will be the development of the situation may change. The prospects of bitcoin are endless.

Bunsomjelican

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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.

Kingofbitcoin12345

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Why?? You have answered it the way it should be.. Bitcoin provide most of the cash/fiat currency can't and all is fast and advantageous to us who value time.. We won't be in banks with a pen and filling our information for an hour and be interviewed and needs requirements that may be hassle sometimes.. That is why I do bitcoin..

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Quote from: TheBTCAlex on August 30, 2017, 06:34:36 AM

Another point that I'd like to add from personal experience.....
Well, my country India had a demonetization of some of its most used currencies quite a few months ago, and I remember how the news hit us while we were celebrating a local festival, and also the chaos that came with it.
With bitcoin, that won't be possible anymore, government won't be able to monitor/interfere our transactions and how/what we transact. There will be no mass panic like when governments demonetize immensely popular denominations. The freedom and decentralization will provide a sense of self-dependence to the people.

ruled are never be a good choice , when it comes to your own private financial everything makes annoying to be ruled. and bitcoin gives you the best option to run, pretty clear that bitcoin are a form of financial freedom , you are free to manage your wealth as you wish!

when using cash you need to report every single penny you hold , i am out with the situation like that.

agentx44

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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.

I truly pick bitcoin instead of cash because its much safer to store my bitcoins or money in my online wallet than keeping it in the banks. But for some people they would probably pick cash because they can use cash to pay any store unlike bitcoin we cannot use it to pay in every stores which they have a point. But we can also convert our bitcoin into cash.

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Quote from: killmenow on August 30, 2017, 06:13:14 AM

Quote from: kafeelniazi on August 30, 2017, 05:07:23 AM

why
bitcoin is used instead of cash because bitcoin is growing continually while cash stable its value.
Attract peoples
the increasing price is the reason that attract people and increase the popularity of bitcoin, and that is the reason bitcoin gain trust of its users and that is why people invest more and more, because they know that bitcoin never fall.

you explain it very well.
let me add some more facts that made bitcoin more famous then cash.
1- as bitcoin is digital currency so it is very less chances to steal it. while cash can be steal at any movement, even bank will robbed.
2- bitcoin wallets are safest one and their security depends upon its users, stronger the passwords, maximum security.

Actually, when banks get robbed, nothing needs to be worried cause banks have bought insurance. And you will not lose your money at all. Unless banks and the government try to steal your money, you can not lose your money in the bank.

TheBTCAlex

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Another point that I'd like to add from personal experience.....
Well, my country India had a demonetization of some of its most used currencies quite a few months ago, and I remember how the news hit us while we were celebrating a local festival, and also the chaos that came with it.
With bitcoin, that won't be possible anymore, government won't be able to monitor/interfere our transactions and how/what we transact. There will be no mass panic like when governments demonetize immensely popular denominations. The freedom and decentralization will provide a sense of self-dependence to the people.

killmenow

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Quote from: kafeelniazi on August 30, 2017, 05:07:23 AM

why
bitcoin is used instead of cash because bitcoin is growing continually while cash stable its value.
Attract peoples
the increasing price is the reason that attract people and increase the popularity of bitcoin, and that is the reason bitcoin gain trust of its users and that is why people invest more and more, because they know that bitcoin never fall.

you explain it very well.
let me add some more facts that made bitcoin more famous then cash.
1- as bitcoin is digital currency so it is very less chances to steal it. while cash can be steal at any movement, even bank will robbed.
2- bitcoin wallets are safest one and their security depends upon its users, stronger the passwords, maximum security.

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Quote from: kpcian on August 30, 2017, 05:13:29 AM

when you measure Bitcoin regarding profit with cash then you can easily get the appropriate answer why Bitcoin instead of cash. day by day Bitcoin is becoming a popular form of currency. not only that but also it has been accepted in many online transactions with a low amount of fee.

it is becoming also a profitable system day by day, people have got financially benefitted from this sector. so that not as a currency but also some other reason which is responsible to replace of cash by Bitcoin.

Dur to the multiple usage people prefer it based on their own requirement. This gains a lot users to get into bitcoin in a lesser time making it more successful. Secondly the difference between bitcoin and cash is all about the profiting, security and ease of use. With bitcoin one can get a bigger profit as the price varies continuously. With cash the value is stable and the same gives the profit for what we've saved and nothing more than that.

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Quote from: Himanshu111 on August 30, 2017, 05:20:02 AM

Bitcoin is better as the transactions in Bitcoin are anonymous and your privacy is secured. Moreover you can send Bitcoin anywhere in the world in very less time which is not possible with cash.

Well it is only in online ,transactions and a great profit of holding bitcoins in long time but cash is the mainly use in our society to buy goods and things and we don't need to choose because we can freely use both and we are not intented to use only one and its not a hassle thou.

Himanshu111

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Bitcoin is better as the transactions in Bitcoin are anonymous and your privacy is secured. Moreover you can send Bitcoin anywhere in the world in very less time which is not possible with cash.

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