Why have Bitcoin instead of cash? - page 41.

aizen10

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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.

bitcoin is more secure than cash. and you only have a gadgets to do transaction with your bitcoin instead of carrying a big wallet that full of ID.
a lot of hard time transaction in cash, but somehow easily deal with bitcoin. some other point, bitcoin increasing its value day by day unlike the paper currency. and you dont have to worry if somebody hold-uping you because they will not get your money because you didnt carry any of paper currency. unless they know about bitcoin. Undecided

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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.

Simply because bitcoin is more profitable in terms of investment. It has less charges in transactions, and if I'm not mistaken, without tax. And if you will hold your bitcoin , it will quickly increase its value that will give you profit as time is passing by which is unlike in fiat wherein the increase only takes place yearly and sometimes it don't. Fiat depends on the state of a economy and not on its demand.

winterland

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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.

Another great advantage is that when using fiat you can receive counterfeited bills and unless you check them you can accept them, this is not really a problem with bitcoin since ti is impossible to duplicate them.

Doamader

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Besides you be in plenty control over your money, bitcoin does have potencial and for me it’s the digital gold, and sooner or later it will be used as store of value from several people if not countries will start getting a reserve the same way they do with gold nowadays.

hangar18

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Quote from: blackhawkeye1912 on August 13, 2017, 01:41:57 AM

Bitcoin is not like money where it can only be use as payment in the public businesses. While bitcoin is very flexible it can be an assets and investment, and mostly bitcoin can produce profit and money is not.

"Produce profit" Huh

I can't understand your mean, Bitcoin is new asset and the value of it can growth in future like Gold in the past. But it can't produce profit, just demand want buy high than supply will make the value increasing.

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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.

Bitcoin is probably a potential investment. Instead of turning it into cash that it will not be profitable, we can invest in Bitcoin to earn a margin between buy and sell. Besides, Bitcoin is quite secure and decentralized. So everything that belongs to you will not be controlled by anyone, I like that

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Quote from: Reid on August 15, 2017, 02:02:00 PM

Quote from: milenium on August 14, 2017, 09:10:27 AM

Right now, we should promote the positive side of bitcoin as investment and a currency and not for ponzi schemes or hyip.

Yes also not like a pyramid scamming. I have heard a wrong explanation that meant like that.
They say we will all profit here when all of us will invest.
A wrong idea of how to invite people and it kind of just look like how they do it with cash.
Invest then we all get rich. Not explaining the risk it takes when you start investing in it.
Better to just use the more typical usage. As a transaction service which is better than Paypal.

That reasoning is wrong because if bitcoin was a pyramid scheme, which is not, then every single other business and stocks in the market will need to be declared a scam too, and we do not do that, the value of a company changes overtime, at first when it is just beginning operations the company is not worth much but then after it becomes successful every stock becomes very valuable, bitcoin is the same.

Reid

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Quote from: milenium on August 14, 2017, 09:10:27 AM

Right now, we should promote the positive side of bitcoin as investment and a currency and not for ponzi schemes or hyip.

Yes also not like a pyramid scamming. I have heard a wrong explanation that meant like that.
They say we will all profit here when all of us will invest.
A wrong idea of how to invite people and it kind of just look like how they do it with cash.
Invest then we all get rich. Not explaining the risk it takes when you start investing in it.
Better to just use the more typical usage. As a transaction service which is better than Paypal.

santiPOGI

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you need to have cash to live.. but if you have extra cash with you try to invest it on bitcoin
as you can see bitcoin is conquering the market and now it is really uprising
so if you think bitcoin will continue to rise then you better invest now..
before bitcoin is at low price like a hundred dollars for a bitcoin but look at it now
bitcoin reached 4000+ dollars and now almost 4k..

Silberman

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Quote from: milenium on August 14, 2017, 09:10:27 AM

Right now, we should promote the positive side of bitcoin as investment and a currency and not for ponzi schemes or hyip.

This is what we do but scammers are going to scam that is what they do and they give this bad image to bitcoin but at the same time that image is given by the media, many more crimes are committed with fiat, there are millionaire scams with fiat all the time and no one calls to forbid fiat so it is very obvious this is a campaign against bitcoin to slow down adoption.

milenium

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Right now, we should promote the positive side of bitcoin as investment and a currency and not for ponzi schemes or hyip.

blackhawkeye1912

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Bitcoin is not like money where it can only be use as payment in the public businesses. While bitcoin is very flexible it can be an assets and investment, and mostly bitcoin can produce profit and money is not.

leirou

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Quote from: bornil267645 on July 08, 2015, 02:05:26 AM

The way I see it, Bitcoin gives us the true freedom of currency. We are not dependent upon any system to use our money. So it basically is and always will be BTCFREEDOMBTC

I agree to this as it is decentralize system and that as this currency getting higher price as time goes.

hajimasan

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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 think we should not see the bitcoin as only a way of payment because there are many other reasons to use it .
Here if we have made a payment in bitcoin than it may a big profitable amount fo the payment accepter . Because if he will accept fist currency then what will happen ?? Only that limited money thst he got but if he will accept Bitcoin as a payment then he will make make additional profit if he will hold this amount for few months .
So in this way everyone who have bitcoin have lots of chances to make money morr and more and also have ease to make payment in worldwide and also here everything is publicily available for anyone to see , so we don't neee to hide anything here with bitcoin payment and easy accesible currency .

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Quote from: Silberman on August 10, 2017, 06:07:59 PM

Quote from: Spontebob on August 06, 2017, 06:06:52 PM

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.

Compared to cash, bitcoin is way more easier to transact and has a higher value. The physical money can be easily stealed while bitcoin is not. It's easier to secure than cash. Whenever you invest on bitcoin, it grants you higher amount unlike cash. If ever you need some money, bitcoin is easy to transact knowing that it is accessed online. Bitcoin is accountable to be used by anyone. It's a global currency that's why it's way more better than cash.

Bitcoin is more difficult to steal in theory but many people make mistakes when storing their coins, this is why you see so many incident where a person got hacked and lost all his money, it is not a nice situation but unfortunately that is the way it is and as bitcoin gets more adoption get prepared for the amount of cases like the ones I describe to explode.

Because the bitcoin based on the digital currency with decentralized system. that means it will be difficult to break the system due to the you must break all of the nodes already saved the network. But cash is real usage.
it didn't give the more priority in the security.

Silberman

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Quote from: Spontebob on August 06, 2017, 06:06:52 PM

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.

Compared to cash, bitcoin is way more easier to transact and has a higher value. The physical money can be easily stealed while bitcoin is not. It's easier to secure than cash. Whenever you invest on bitcoin, it grants you higher amount unlike cash. If ever you need some money, bitcoin is easy to transact knowing that it is accessed online. Bitcoin is accountable to be used by anyone. It's a global currency that's why it's way more better than cash.

Bitcoin is more difficult to steal in theory but many people make mistakes when storing their coins, this is why you see so many incident where a person got hacked and lost all his money, it is not a nice situation but unfortunately that is the way it is and as bitcoin gets more adoption get prepared for the amount of cases like the ones I describe to explode.

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Quote from: Black Angel on August 07, 2017, 02:15:20 AM

Bitcoin and cash are certainly different things, and I think bitcoin is broader and easier to use, which makes me prefer bitcoin for being a very profitable investment alternative in the future.

Bitcoins and cash are the two different sides of the same picture. Both are performing the same function that is they are two different modes of payments. In the current era of technology bitcoins appear to be the brighter side of the picture. That is why most of the people are preferring bitcoins over paper money.

Black Angel

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Bitcoin and cash are certainly different things, and I think bitcoin is broader and easier to use, which makes me prefer bitcoin for being a very profitable investment alternative in the future.

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Quote from: Spontebob on August 06, 2017, 06:06:52 PM

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.

Compared to cash, bitcoin is way more easier to transact and has a higher value. The physical money can be easily stealed while bitcoin is not. It's easier to secure than cash. Whenever you invest on bitcoin, it grants you higher amount unlike cash. If ever you need some money, bitcoin is easy to transact knowing that it is accessed online. Bitcoin is accountable to be used by anyone. It's a global currency that's why it's way more better than cash.

In terms of security, I think that depends on the person who is handling it, all are secured because if not it would have already been abolish by the government. Cash and bitcoin are both helpful to the people, when they stay together life would be better, bitcoin is just a payment system behind cash and will not work without cash use to support buying bitcoin.

On the other hand, for investment, bitcoin is always better because recently it just achieve it's all time high which is great for us investors as we make money on it.

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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.

Compared to cash, bitcoin is way more easier to transact and has a higher value. The physical money can be easily stealed while bitcoin is not. It's easier to secure than cash. Whenever you invest on bitcoin, it grants you higher amount unlike cash. If ever you need some money, bitcoin is easy to transact knowing that it is accessed online. Bitcoin is accountable to be used by anyone. It's a global currency that's why it's way more better than cash.

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