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Topic: Why have Bitcoin instead of cash? - page 47. (Read 246148 times)

full member
Activity: 329
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AGATE
July 10, 2017, 07:45:26 AM
Bitcoin instead of cash, because in the future bitcoin will be famous they will use for transaction daily need paying bill and other payments but cash became investment of bitcoin Grin Grin.
hero member
Activity: 1246
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July 10, 2017, 05:40:51 AM
Yes, I agree. With current situation bitcoin is a sexy investment because all good news about bitcoin.
for example I have bitcoin 0.1 in one my address in early 2015 and forget, I back now the value is insane..

Yes, bitcoin is a very good investment and those who forget about it, then in a few years they will be able to see millions on their account. This is a very good opportunity to become rich without doing anything.

That probably would be the case for those that held on to heir btcs way back 4 or 5 years ago. Today, in a couple of years from niw, we may be getting huge earnings still ifnwe hold.on to our bitcoins but i doubt it would be in the same scale as what happened to those early long time holders. They may be millionnaires in a couple of more years of holding but for us, a good profit would be waiting.
sr. member
Activity: 1638
Merit: 300
July 09, 2017, 04:39:46 AM
Bitcoin is safer than cash no one have the right to take it from you not the goverment not the IRS, it's fast and worldwide wich make it easey  to do business from you own house.

There is no safe currency, we all know that. There will be a lot of people who will be taking advantage of holes and security flaws of a site or a company. There will still be a lot of abusive people who will be using applications to get money from it.

Bitcoin is a good digital currency, but it doesn't mean that it will be as safe as we all know. Bitcoin also has risks, it is volatile. And when you will be starting a business using bitcoin in your home, you must be really cautious and really careful for every actions and transactions you will be making.
sr. member
Activity: 336
Merit: 250
July 09, 2017, 03:52:57 AM
Bitcoin is safer than cash no one have the right to take it from you not the goverment not the IRS, it's fast and worldwide wich make it easey  to do business from you own house.
full member
Activity: 224
Merit: 100
July 08, 2017, 09:02:56 AM
Yes, I agree. With current situation bitcoin is a sexy investment because all good news about bitcoin.
for example I have bitcoin 0.1 in one my address in early 2015 and forget, I back now the value is insane..

Yes, bitcoin is a very good investment and those who forget about it, then in a few years they will be able to see millions on their account. This is a very good opportunity to become rich without doing anything.
hero member
Activity: 2996
Merit: 524
Leading Crypto Sports Betting & Casino Platform
July 08, 2017, 08:54:53 AM
Here's my two cents about it: you simply cannot have only one of the two and completely set aside the other. As of this time and age, you really need to have some fiat with you.

But of course bitcoin is better than fiat overall. It is because bitcoin is worth huge. Fiat does not increase in value. Bitcoin does, fast.
Have both for security, if hard times will come your fiat is always acceptable but bitcoin might be worthless.
Fiat is back by the government and it is the interest of the country to improve its economy so they will do necessary things to protect it.
The fiat can be used to backup the bitcoin as our invement, But the fact that more countries tried to adopt bitcoin as they can, but the fiat still has hold the domination. i mean has fiat will be needed to support our invesmemtn in bitcoin. It can be used in various condition.
sr. member
Activity: 714
Merit: 250
July 08, 2017, 04:34:50 AM
Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
As far as I know, bitcoin is now viewed as 2.0 so it is also considered as currency. Because bitcoin also has properties like money: worthwhile, circulation, reserves, payment. This is also considered as a smart money capable of programming the purpose of spending money and avoiding corruption and fraud.
member
Activity: 161
Merit: 10
July 08, 2017, 02:50:53 AM
Yes, I agree. With current situation bitcoin is a sexy investment because all good news about bitcoin.
for example I have bitcoin 0.1 in one my address in early 2015 and forget, I back now the value is insane..
hero member
Activity: 784
Merit: 500
July 08, 2017, 02:45:25 AM
Because bitcoin can i use to make money. Cash for daily transaction payments, and bitcoin for trading on poloniex or bittrex. When profit, then i will exchange it with fiat.
member
Activity: 106
Merit: 100
July 08, 2017, 01:31:30 AM
You need to imagine the fact that each user will need to register Bitcoin Wallet or to pay their bills and other needs. The difference from Bitcoin with cash is much easier. So the question arises, Which is better to choose a simple man?
full member
Activity: 419
Merit: 100
July 08, 2017, 01:19:21 AM
This is because the bitcoin more secure, practical and promising profit in the future, the current transaction with cash is very troublesome and dangerous because of the insecurity in the raid.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
July 08, 2017, 01:11:48 AM
having bitcoin is like we have investment in long term and we have a way for making money in future. with changing price of bitcoin, the price will be increase from time to time and finally in the long term, we can see the price is getting higher and we can cash out our bitcoin to have more money. but for now, we should not forget to saving our money too because we still using money to buy something in real life so while we have bitcoin, we can still continue our life.
hero member
Activity: 2814
Merit: 576
July 08, 2017, 12:26:04 AM
Here's my two cents about it: you simply cannot have only one of the two and completely set aside the other. As of this time and age, you really need to have some fiat with you.

But of course bitcoin is better than fiat overall. It is because bitcoin is worth huge. Fiat does not increase in value. Bitcoin does, fast.
Have both for security, if hard times will come your fiat is always acceptable but bitcoin might be worthless.
Fiat is back by the government and it is the interest of the country to improve its economy so they will do necessary things to protect it.
sr. member
Activity: 756
Merit: 251
July 07, 2017, 11:52:18 PM
Here's my two cents about it: you simply cannot have only one of the two and completely set aside the other. As of this time and age, you really need to have some fiat with you.

But of course bitcoin is better than fiat overall. It is because bitcoin is worth huge. Fiat does not increase in value. Bitcoin does, fast.
hero member
Activity: 910
Merit: 505
July 07, 2017, 11:18:16 PM
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
Yes I agree, it gives us freedom from customs and governments. And it can also allows us to have a lot of money without paying taxes and everything.  Plus the value of it rises from time to time unlike cash thee value of it are always the same.
First if you withraw it to bank then you pay tax on it ,second if you do not pay tax then how will government will get money to do various projects,scheme,defence, economic benefits,etc.if everyone will think like you to not to pay tax to government then there will be no code of conduct.
legendary
Activity: 1106
Merit: 1000
July 07, 2017, 10:46:59 PM
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
Yes I agree, it gives us freedom from customs and governments. And it can also allows us to have a lot of money without paying taxes and everything.  Plus the value of it rises from time to time unlike cash thee value of it are always the same.
In any way I think we pay taxes the moment we cash out our bitcoin, I don't know the taxation rules in your area but
it's pretty basic that where we receive money as our income we are obliged to pay income tax.
Anyway, it's very complicated as anyone can do away with it especially if the implementation is very lax.
sr. member
Activity: 317
Merit: 250
July 07, 2017, 12:37:23 PM
One should have bitcoin instead of cash as Bitcoin can be expected to grow but you can only expect inflation with conventional paper currencies. Transactions in Bitcoin are completely anonymous so there is no risk to one's privacy which makes Bitcoin better than cash.
sr. member
Activity: 518
Merit: 250
July 07, 2017, 11:12:10 AM
The main thing is that cash transactions are bigger than bitcoins so everyone is more like cash than bitcoin, other than that is physical form, cash is seen so do not need internet connection for transactions.
legendary
Activity: 1372
Merit: 1008
July 07, 2017, 06:46:31 AM
I like bitcoins simply because it is quite safe and the price can increase rapidly compared to cash.. It is also hard for the government to simply take bitcoin from you like they do in implimenting taxes
Yeah cash is very easy to steal, when you keep it in the wallet is very possible your wallet in stolen and then your money lost. Different from the bitcoin shaped digital. Although thieves know your password they will not be able to steal if you use authentication. Actually digital is more secure and simple
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
July 07, 2017, 06:19:36 AM
I think that it can be explained very easily, Why Bitcoin will not be much in demand in the role of cash. The fact is that most people do not have the education or knowledge to use Bitcoin in everyday life. The fact is that in some cases, even on the periphery, not everyone has the opportunity to access the Internet, not to mention other high technologies. Therefore Bitcoin is very unavailable for some people of our planet.

In this generation wherein technology matters, btc have higher chances since we can make a bunc of income from it plus,its handy and can be used for conveniently transactions ,though it will still depend in were we live since some countries were not that advance yet to have BTC atm like machine.
Countries doesn't need to be advanced in order to get bitcoins because they just need to educate their selves about bitcoin and what are the basic things that they should know about bitcoin to make things clear and understand bitcoin in a deeper way. A lot of countries are doing research about bitcoin and there are some countries that already accepted bitcoin and i believe that there is a lot more to come.
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