Topic: Why have Bitcoin instead of cash? - page 44. (Read 246148 times)
Bitcoin is a good stuff. But paying bitcoin for tacos is strange
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. Bitcoin is better than cash in a way that you can easily have your transaction that fast as you think without waiting longer time as long as you pay the right amount of transaction fee. It is also handy because you can store bitcoin within your electronic wallet even a very large amount can do. Also bitcoin's price pump provides the capability to uphold your money for more profit."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 was wondering if in which country is @BTCfan97 from? He mentioned about paying local tacos with bitcoin. I am curious because, here in our country, we can't use bitcoin to pay for our offline expenses.
For me, bitcoin is better than cash in means of online transactions. It can be used globally without the need of converting it into fiat since bitcoin is also used in other countries. Another reason is the volatility of bitcoin and other crypto currencies that makes it more valuable than fiat. Investing in bitcoin gives bigger possibilities of gaining large profit than putting a fiat in the banks.
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. Bitcoin is better than cash in a way that you can easily have your transaction that fast as you think without waiting longer time as long as you pay the right amount of transaction fee. It is also handy because you can store bitcoin within your electronic wallet even a very large amount can do. Also bitcoin's price pump provides the capability to uphold your money for more profit."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.
Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
I dont think so, and it will never happen, world without cash? Impossible , someone must provide worldwide internet for us to use bitcoin for transactions if it is about to come.I think and believe that bitcoin is the financial future of the world, one day all transactions will not use cash so many people invest in bitcoin. And now is the best time to start our investment.
What would they use then to invest? cash is still important because bitcoin cannot survive without people trusting their cash to acquire bitcoins. If you fully understand what is bitcoin and cash you can easily differentiate them and it will not gonna come out to your mind that cash someday will disappear and bitcoin will rule the financial world.
Dont get me wrong but I think without cash bitcoin will be nothing. I mean you cant say that you're rich when your coin is just in your wallet. It's still a virtual currency. You need to convert it to fiat, have some cold cash in your hands then thats the time we can say that we're rich. Moreover, cash is widely use by all and well established.
I actually think that without cash, bitcoin will start being our everything. What do I mean by this? Cash is what people are using because it's the traditional way of transacting with each other. But without it, people will start looking for alternatives. That is the time when bitcoins comes in everyone's lives. Bitcoin is such an easy currency to use but not a lot of people know about it. I know that half of the people in this forum would love to pay with their bitcoins instead of cash.
Without cash, the prices of goods and services will be based off bitcoin (supposed that bitcoin did replace cash). Bitcoin can stand alone, it can continue existing and have value even without cash. People seem to think otherwise.
Easy to transfer anytime and anywhere with 24/7 availability transaction time.
I too prefer to have bitcoin instead of cash, because bitcoin is always touched in market with business through technology and can earn money, but a cash don’t so this. Bitcoin is a business not simply a currency. Through bitcoin you can earn easily without any hard work because bitcoin is an automatic investment.I couldn't agree more. Bitcoin is like cash only better. But don't try to buy everything with it nowadays. Just exchange some BTC for fiat first and then buy things. If we will come to the point when transactions are cheap and fast, Bitcoin will go to the Moon from that point.
Bitcoin is like a cash that changes its value every now and then. I too prefer bitcoin since there are many ways on how to earn it and to use it. Another thing since bitcoins are decentralized, it cannot be controlled by the government like imposing tax or regulations. Though there may be transaction fees when you convert bitcoin to fiat, still bitcoin remains superior when it's compared to cash. One thing that puts bitcoin at a disadvantage is the investing of it due to many websites scamming it. But if there is improving the system, then bitcoin is truly better.
That is not a disadvantage of Bitcoin in particular, you can be scammed with fiat too, there are many options of that. Do not invest your Bitcoin in any enterprise because Bitcoin is the best investment itself. Don't trust those who say they've invented a better investment, because the odds that they are telling the truth are very low.
Well I don't know. Rich people don't usually go around showing their money. They keep money in the bank. It's their looks, car, house they live in, food they order are giving them up. And some of them, knowing about that, have learnt to disguise their wealth. So I'd say, nope, Bitcoin is no help in that regard.
Both of which there are complementary sides, cash I always use for real transactions, quickly and directly to the seller. While bitcoin is for online transactions and investments.
By using both we will really value them all and as a user we are happy to see a lot of choices so in the event thatthe other is not working we can still continue to transact. Having variety of currency to be used for transactions will give comfort
to us and will give us the freedom to choose what really gives us the more benefits when using it.
Both of which there are complementary sides, cash I always use for real transactions, quickly and directly to the seller. While bitcoin is for online transactions and investments.
Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
I dont think so, and it will never happen, world without cash? Impossible , someone must provide worldwide internet for us to use bitcoin for transactions if it is about to come. 
I think and believe that bitcoin is the financial future of the world, one day all transactions will not use cash so many people invest in bitcoin. And now is the best time to start our investment.
What would they use then to invest? cash is still important because bitcoin cannot survive without people trusting their cash to acquire bitcoins. If you fully understand what is bitcoin and cash you can easily differentiate them and it will not gonna come out to your mind that cash someday will disappear and bitcoin will rule the financial world.
Dont get me wrong but I think without cash bitcoin will be nothing. I mean you cant say that you're rich when your coin is just in your wallet. It's still a virtual currency. You need to convert it to fiat, have some cold cash in your hands then thats the time we can say that we're rich. Moreover, cash is widely use by all and well established.
Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Yes that's true, it is an invisible gold. A digital currency that the future will use. It is also decentralized which means no banks can ever handle it. No taxes and everything that will affect our savings our money. Only a small amount of bitcoin users are experiencing that privilege. Like me, I can't do that much transactions with bitcoins. The only things that I can buy are digital goods like a premium account on Spotify, and then second hand gadgets. Other than that? Nothing else. I don't need a premium account on Spotify, I just have to buy once and then that's it. Same with a cellphone and laptop. After that, all my transactions for bitcoin are a conversion of bitcoin to fiat because I have no other choice.
We need to cash out our bitcoins to cash to buy something and everytime we buy something, there's a tax. In the end, our precious bitcoins ended up having taxed by the government.
because of its profit rate.
cash is only using for the purpose of a transaction but it never brings more value than Bitcoin. in recent times, Bitcoin has gained huge price so that people are becoming fond of it and getting involved with this platform.
A honest reply, because mostly people deposit their money in banks for yearly interest that provide banks against their deposit amount, but if there is a chance of good investment exist in the market without much hard work and you can avail so why not it should be availed. I will suggest to instead of deposit cash in bank, money should be invested by buying bitcoin. I hope, a man can earn glorious amount through bitcoin for his bright future. cash is only using for the purpose of a transaction but it never brings more value than Bitcoin. in recent times, Bitcoin has gained huge price so that people are becoming fond of it and getting involved with this platform.
Very good points! Bitcoin just makes more sense to use as a global currency, even though it is more of an investment opportunity at this moment. We can most certainly see a change in trends of cryptoccurencies in the near future where more and more people implement them as their daily drive.
At a basic point of view, it makes sense that bitcoin will be more stable once almost everyone is using it. But in reality, that would never be the case. Supposed that literally everyone is using bitcoins and all fiat money has been converted to bitcoins, bitcoin's price will still fluctuate because there are still other things that can be traded against it. You can still trade thousands of altcoins, gold, and other digital currencies (maybe not fiat in this case).
There might even be a greater fluctuation happening in the future as all the whales will be here since every rich people are a part of the people that converted their money to bitcoins. Of course I might be wrong but cryptocurrency is being traded a lot that it's very unlikely that a cryptocurrency user will not eventually do trading.
I choose bitcoin because it is easy to use all over the world where there is Internet. It cannot monitor government and therefore do not need to pay income taxes in bitcoins. He is not subject to inflation and many other advantages.
the point you raised is really good we do not have to pay any kind of taxes and fees if we are using bitcoin and we are bitcoin users holding bitcoin is like going up over a fence instead of paying taxes for the government you can skip it and you will not have to pay any kind of fees in this currency and it is very convenient to share or to send and it does not take much time for the conformation as well. 
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.
Obviously, bitcoin and normal cash are different in many aspects. The best thing to do is to devide your money. Half of it should be on the cryptocurrency and half should be in cash to have an additional income if bitcoin dumped.
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 dont know about bitcoin,but according of what ive read and heard to my sister its better to have bitcoin because when price is very high you can sell it and make it cash.Bitcoin is very useful in many ways.Bitcoin is for fast transactoin to make in all types of payments and others.Unlike in cash when you travel you have to go first in the money changer before you can use your money. "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.
Easy to transfer anytime and anywhere with 24/7 availability transaction time.
I too prefer to have bitcoin instead of cash, because bitcoin is always touched in market with business through technology and can earn money, but a cash don’t so this. Bitcoin is a business not simply a currency. Through bitcoin you can earn easily without any hard work because bitcoin is an automatic investment.I couldn't agree more. Bitcoin is like cash only better. But don't try to buy everything with it nowadays. Just exchange some BTC for fiat first and then buy things. If we will come to the point when transactions are cheap and fast, Bitcoin will go to the Moon from that point.
Bitcoin is like a cash that changes its value every now and then. I too prefer bitcoin since there are many ways on how to earn it and to use it. Another thing since bitcoins are decentralized, it cannot be controlled by the government like imposing tax or regulations. Though there may be transaction fees when you convert bitcoin to fiat, still bitcoin remains superior when it's compared to cash. One thing that puts bitcoin at a disadvantage is the investing of it due to many websites scamming it. But if there is improving the system, then bitcoin is truly better.
That is not a disadvantage of Bitcoin in particular, you can be scammed with fiat too, there are many options of that. Do not invest your Bitcoin in any enterprise because Bitcoin is the best investment itself. Don't trust those who say they've invented a better investment, because the odds that they are telling the truth are very low.
No one knows except the banks which is the entity that you're actually trying to avoid. The government isn't collecting capital gains from bitcoin but whenever you cash out your money, the banks know about it. Once your earning blew up, and you start cashing out huge amount of money, they are going to be knocking to your door the next day. Unless you live in a place where the banks don't really review your account, then you have to pay the taxes so you won't have problems in the future.
Without even thinking about it, if I have a million dollars, I wouldn't be putting it in physical cash. It will be in my bank account. I will only carry a couple of bucks just like any other citizen so having a lot of cash doesn't necessarily attract thieves.
1- bitcoin is more secure than cash
2- bitcoin is limited supply
3- fiat's purpose is to make easy exchange of goods between people so it is not limited supply and cannot be an investment itself.
2- bitcoin is limited supply
3- fiat's purpose is to make easy exchange of goods between people so it is not limited supply and cannot be an investment itself.
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. Bitcoin is better than cash in a way that you can easily have your transaction that fast as you think without waiting longer time as long as you pay the right amount of transaction fee. It is also handy because you can store bitcoin within your electronic wallet even a very large amount can do. Also bitcoin's price pump provides the capability to uphold your money for more profit. "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.
Easy to transfer anytime and anywhere with 24/7 availability transaction time.
I too prefer to have bitcoin instead of cash, because bitcoin is always touched in market with business through technology and can earn money, but a cash don’t so this. Bitcoin is a business not simply a currency. Through bitcoin you can earn easily without any hard work because bitcoin is an automatic investment.I couldn't agree more. Bitcoin is like cash only better. But don't try to buy everything with it nowadays. Just exchange some BTC for fiat first and then buy things. If we will come to the point when transactions are cheap and fast, Bitcoin will go to the Moon from that point.
Bitcoin is like a cash that changes its value every now and then. I too prefer bitcoin since there are many ways on how to earn it and to use it. Another thing since bitcoins are decentralized, it cannot be controlled by the government like imposing tax or regulations. Though there may be transaction fees when you convert bitcoin to fiat, still bitcoin remains superior when it's compared to cash. One thing that puts bitcoin at a disadvantage is the investing of it due to many websites scamming it. But if there is improving the system, then bitcoin is truly better.
That is not a disadvantage of Bitcoin in particular, you can be scammed with fiat too, there are many options of that. Do not invest your Bitcoin in any enterprise because Bitcoin is the best investment itself. Don't trust those who say they've invented a better investment, because the odds that they are telling the truth are very low.
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