Why have Bitcoin instead of cash? - page 45.

Botnake

hero member

Activity: 2856

Merit: 667

Quote from: wizardee on July 27, 2017, 05:59:01 AM

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.

The interest of the people who are using bitcoin are growing and crypto currency will certainly become big in the future as
we are heading to a digital currency. Although there will be an increase of adoption but cash will remain to be the most circulated money
in the world as there are countries who are late in development in terms of technology.

wizardee

hero member

Activity: 666

Merit: 500

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.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: qwertyup23 on July 26, 2017, 07:20:07 AM

Quote from: Betwrong on July 25, 2017, 10:24:04 AM

Quote from: n691309 on July 23, 2017, 04:28:00 AM

Quote from: leirou on July 22, 2017, 12:42:30 AM

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.

warrior333

sr. member

Activity: 406

Merit: 253

In fact, the government can't ban bitcoin. Believe me if they could do it it would already have done it. Now they are forced to accept its existence and can only pray for it to trade for bitcoins has developed. But this process can not be stopped and soon, they lose a large part of the taxes.

Eternu

sr. member

Activity: 560

Merit: 257

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 every thing you wrote is truth, and i must say that i agree with most of it. But i am not sure if i can say that bitcoin is more secured than other currencies. At the moment there are no stores in my town where i could spend my bitcoins, but i hope that in future there will be. Only reason why i have bitcoin is because of its price growth. Price is going up so fast, and i think that is easy way of earning more money.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: fathur.aza on July 25, 2017, 10:28:37 PM

Therefore you can go anywhere, bitcoin can be used where you want.
So bitcoin is just a very secure digital currency and allows you to be safe from any risks that will occur.

I will never think it will be secure because if the system is perfect but there is still a potential that the market will be down or collapse like what happen in the past. Just know that we are putting our money in a risky investment and even how good the system is but without the support of the people it will not be successful, big hindrance is government regulations, if it's against crypto currency then we are done.

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: Betwrong on July 25, 2017, 10:24:04 AM

Quote from: n691309 on July 23, 2017, 04:28:00 AM

Quote from: leirou on July 22, 2017, 12:42:30 AM

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.

Crafts12

full member

Activity: 405

Merit: 105

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.

It is just that crytos are decentralized. You'll be the one to take good responsibility of your wealth. Same with banks that your waelth grows as years passess by but here in this community, it has larger increase of its value. Sometimes faster transactions with less of charges. Anonymity is also a factor that most,consider.

fathur.aza

full member

Activity: 238

Merit: 100

Therefore you can go anywhere, bitcoin can be used where you want.
So bitcoin is just a very secure digital currency and allows you to be safe from any risks that will occur.

bitllionaire

legendary

Activity: 1120

Merit: 1000

Quote from: n691309 on July 23, 2017, 04:28:00 AM

Quote from: leirou on July 22, 2017, 12:42:30 AM

Easy to transfer anytime and anywhere with 24/7 availability transaction time.

I too prefer to have instead of cash, because is always touched in market with business through technology and can earn money, but a cash don’t so this. is a business not simply a currency. Through you can earn easily without any hard work because is an automatic investment.

I think with the passage of time the importance of bitcoin is increase and now we can also see that bitcoin is become more popular and now we can use bitcoin in shops for shopping and this trend is now increasing.

kpcian

hero member

Activity: 826

Merit: 529

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.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: n691309 on July 23, 2017, 04:28:00 AM

Quote from: leirou on July 22, 2017, 12:42:30 AM

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.

Basmic

sr. member

Activity: 406

Merit: 256

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.

Rostadom

hero member

Activity: 713

Merit: 501

Quote from: crazycatwoman03 on July 21, 2017, 05:13:24 PM

Quote from: AlphaSun on August 15, 2016, 12:39:10 PM

Quote from: Batelk on August 15, 2016, 10:43:50 AM

Quote from: Ewinsane on August 15, 2016, 03:14:48 AM

bitcoin is too safer and secure and its transaction is very faster and bitcoin transaction fees is very lower.

The bitcoin block size is small, the transaction traffic is congested. So it will not be used widely by the ordinary people in the future as the fee is too high.

That is my concern as well. I am afraid that the bitcoin will be replaced by other popular fast digital coins in the future.

Right, we do not know what will really happen in the future. Generally speaking, crypto currencies and not just bitcoin, are getting more and more popular these days. We are not sure if bitcoin will be the number 1 crypto currency in the future. There are many crypto currencies that exists and it just happen that bitcoin is more popular than the others. We can not guarantee that, the modern technology advances as the time goes by and we do not know if someday a new crypto that is better than bitcoin will exist. But I am sure that the replacement will not be that easy, there are many bitcoin users now and if ever a new crypto appears, I am sure that it will not easily beat bitcoin.

Compared to cash, bitcoin are more convenient to use for online transactions and also that its volatility had made many people to earn and gain profit at higher prices. Cash can't do that, this is why, many people including me would prefer to have and invest in bitcoin.

We don't really have to give it so much so thought. If bitcoin is about to be replaced by this new holy-grail cryptocurrency, then all we have to do is sell our bitcoins and use that coin. It's not a big deal for the users at all. Converting from one coin to another is so easy to do.

There are coins out there that are allegedly better than bitcoins, but hype is more important than features. You can create a carbon copy of bitcoin and add some more features. That makes the coin better than bitcoin, right? But that doesn't mean people will start buying your coin. They have to be interested with that feature that you offer at first.

There are coins that are better than bitcoin especially in transaction time and fee but bitcoin is still the strongest because of the hype or popularity that it has.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: ajmapalo22 on July 23, 2017, 09:12:51 AM

Bitcoin is good for online transactions like paying bills, services or shopping, you don't need credit card or even much of your information will require..in bitcoin it's not just money security but also your identification... in addition holding bitcoin is like having investment without doing anything coz it's volatility that you get the chance to earn additional income...hoping that more establishment will accept bitcoin as a mode of payment in the future

There is no impossible thing for bitcoin and that is very attainable in bitcoin because if you heard the latest news about legalization of bitcoin, the south korea already made bitcoin as a legal currency so there is a high chance that other establishment and countries will accept and make bitcoin as a payment method.

ajmapalo22

full member

Activity: 266

Merit: 122

Bitcoin is good for online transactions like paying bills, services or shopping, you don't need credit card or even much of your information will require..in bitcoin it's not just money security but also your identification... in addition holding bitcoin is like having investment without doing anything coz it's volatility that you get the chance to earn additional income...hoping that more establishment will accept bitcoin as a mode of payment in the future

n691309

legendary

Activity: 1526

Merit: 1001

Quote from: leirou on July 22, 2017, 12:42:30 AM

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.

leirou

member

Activity: 112

Merit: 10

Easy to transfer anytime and anywhere with 24/7 availability transaction time.

Beparanf

hero member

Activity: 2954

Merit: 796

Quote from: Kodok Bencot on July 21, 2017, 10:12:00 PM

Bitcoin has advantages over cash, if cash will make us limited while with bitcoin then we can do more things such as investment, online transactions and bill payments.

If we were into those services bitcoin is really a good way to conveniently do those things,and if we were into savings too bitcoin assioated wallets can help us store our btc in a safest way possible with chances of making it grew in time.

Kodok Bencot

full member

Activity: 994

Merit: 101

Bitcoin has advantages over cash, if cash will make us limited while with bitcoin then we can do more things such as investment, online transactions and bill payments.

Topic: Why have Bitcoin instead of cash? - page 45. (Read 246169 times)