Why have Bitcoin instead of cash? - page 48.

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Quote from: JemmaColin on July 07, 2017, 01:37:27 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.

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There are truckloads of reasons to choose bitcoins over cash. A lot....

1.) Far better security: Since Bitcoins are decentralised, only you are responsible for your funds. It is your responsibility to manage it properly and also you are the only you can access your wallet.

2.) Faster transactions: Since Bitcoins are a worldwide universal currency, you have the option to send and receive funds in minutes, if not seconds. You can send to whoever and whenever you want, provided they also have a bitcoin address, wallet and an internet connection.

3.) Anonymity: This is one of the most liked features of bitcoin- its anonymity capability. All you have to know or give someone is your bitcoin address, which is also something that you can change/replace to even further improve security and anonymity.

4.) Investment Opportunities: Bitcoins can be a commodity, not just a currency. Its easy to invest into and it should bring almost guaranteed profit at this stage as it is in its development phase. This should mean an increase in popularity which will cause the value to go higher as a result of supply and demand.

There are many more advantages to this and we will have to wait and see what the future holds for this cryptocurrency. Wink

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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.

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People tend to have Bitcoin instead of cash nowadays because of its accessibility to the digital world. It is very to use Bitcoin and have your transactions through Bitcoin because it is accessed through as easy as in smart phones. A lot of people also no longer prefer on bring cash because it is a heat for people with bad intensions. Bitcoins is more safe as it is only accessed with the user's password while cash can be physically forced to be stolen.

But then again, it is still important to bring cash. People still wants the traditional way of transaction with cash and a lot of establishment still do not recognize Bitcoin for payments of consumer goods and services.

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Quote from: NEWGOODOUBLE on July 06, 2017, 08:18:07 AM

Quote from: HarleyQuinn9876 on July 05, 2017, 11:34:03 PM

Bitcoin can replace money for trading. Exchange of goods by bitcoin becomes quick and easy. We do not have to carry large sums of money when we need to buy a valuable item, which can pay for bitcoin

With a digital shape then how much bitcoin you have can be taken anywhere with just one wallet and how much the price of the goods you can buy it with bitcoin without difficulty counting it because the bitcoin is digital instead of cash

The transparency is also important, you do not need to maintain a book because bitocin itself already provided you a public
ledger where you can trace your transactions. Imagine what convenience that can give to your life.

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Quote from: stompix on July 02, 2017, 12:18:57 PM

Quote from: Silberman on July 01, 2017, 12:12:16 AM

I do not know why some people are so set on only holding cash, there are people that literally have cash under their matters, but by doing that they do not realize they are losing money, the only thing to do is to always have your money working for you, invest it, use it for trade, because if you don’t you will be losing purchasing power every day of the week.

You mean you don't know why people aren't that eager to lose all their money in a crash?
I'm pretty sure the guys in 1930 would have loved to invest and trade again after the great depression.

And by the way, purchasing power has decreased here by only 4.2 in the last 5 years.
We're "risking" deflation if things go this way.

If the economy crashes then that money in your bank account or in your pocket is not worth anything either, in this economy we have no option but to hold some cash in case it is needed, like in an emergency, but to have large quantities is a mistake, cash is losing value every single day, it is way better to do something productive with that money instead of letting it accumulate dust.

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Quote from: HarleyQuinn9876 on July 05, 2017, 11:34:03 PM

Bitcoin can replace money for trading. Exchange of goods by bitcoin becomes quick and easy. We do not have to carry large sums of money when we need to buy a valuable item, which can pay for bitcoin

With a digital shape then how much bitcoin you have can be taken anywhere with just one wallet and how much the price of the goods you can buy it with bitcoin without difficulty counting it because the bitcoin is digital instead of cash

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Quote from: HarleyQuinn9876 on July 05, 2017, 11:34:03 PM

Bitcoin can replace money for trading. Exchange of goods by bitcoin becomes quick and easy. We do not have to carry large sums of money when we need to buy a valuable item, which can pay for bitcoin

The use of money these days can be done also with bitcoin. But in bitcoin there is still some limitation, digital money is the future and people will be implanted by microchips and it's like digital currency or bitcoin and we will totally forget about cash.

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Quote from: HasHe on July 05, 2017, 09:19:19 PM

Bitcoin is a digital currency which we need not have to deposit in banks and also we need not approach banks each and every time to send our money to any one.We ourselves are our bank with our private keys.Governments could not devalue our savings by demonitizing.We have full control over our money.Also,by having bitcoins,our investment grows while in cash,our investment remain idle.

Saving bitcoin, the growth is only on its value and not the coin itself. 1BTC will remain 1BTC but the price of it might increase over time. It's totally not assured even though there's a good chance of that happening considering what has happened in the past. I do believe that investing your bitcoin somewhere (e.g. trading) is a lot better than plainly holding them.

It is true that the government cannot devalue our bitcoins by demonitizing or by inflating it but there are whales out there that can totally manipulate the market. We're lucky that they aren't showing themselves yet. Big players think of the whole thing as a game so they would love to manipulate the price. Luckily this is only often happening on altcoin markets where the volume is a lot less.

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Quote from: BTCfan97 on July 08, 2015, 02:10:49 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.

Yes, bitcoin is very easy to do transactions and is not to hard to earn too. When we need something online we can pay using this thing. I love bitcoin and I really earn this and mostly it helped me a lot...

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Quote from: HarleyQuinn9876 on July 05, 2017, 11:34:03 PM

Bitcoin can replace money for trading. Exchange of goods by bitcoin becomes quick and easy. We do not have to carry large sums of money when we need to buy a valuable item, which can pay for bitcoin

The same is been done by the cards, so what's the need of having bitcoin. Both are providing the same service but in a slightly varied manner. In reality you could grow your amount with bitcoin which is not possible with the other sources. Secondly this gives you the platform to make more money through trading and other forms.

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Bitcoin can replace money for trading. Exchange of goods by bitcoin becomes quick and easy. We do not have to carry large sums of money when we need to buy a valuable item, which can pay for bitcoin

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Quote from: ?? on ??

It is more secure and easier to use

Secure, yes but easier, I don't think so, bitcoin is only good for online transaction since it's only a payment system but the real convenience is felt by the majority of people when using cash due to its being simple to us. I know there are people who are not into online transactions, so how can they be benefited with bitcoin, if they don't get benefit then it will not be use by them.

HasHe

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Bitcoin is a digital currency which we need not have to deposit in banks and also we need not approach banks each and every time to send our money to any one.We ourselves are our bank with our private keys.Governments could not devalue our savings by demonitizing.We have full control over our money.Also,by having bitcoins,our investment grows while in cash,our investment remain idle.

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Quote from: Sled on July 05, 2017, 07:10:37 AM

Quote from: radjie on July 05, 2017, 05:49:46 AM

Quote from: Feri577 on July 05, 2017, 05:18:43 AM

I like bitcoin because the price is high and it is not difficult to pick it up or keep it, but until then still I still need cash to shop ..

Bitcoin is easier to make as a very promising investment so without cash we can save our money into the form of digital currency whose price can change every minute. If you look at the price in the previous year bitcoin prices are so low that only a few people can use bitcoin, but at this time bitcoin prices are on the rise even though in the previous week bitcoin prices higher than now.

That is why investing in bitcoin is a really good investment for people who want to have a good retirement fund in the future because the price of bitcoin is moving up every year and its percentage gains are not expected and very surprising. If you will buy bitcoin now and if you will keep it for long term then you will have a chance to grow it up to 1000% from your capital.

Yeah, most of us like bitcoin because the value and potential of bitcoin in the future, the price of bitcoin is constantly changing and increasing every year, it really is an ideal investments can help our lives in the future. In addition, society is increasingly going towards modernization, so in the future, society will certainly use the money digital more and more widely, and Bitcoin is the basic platform to develop. It would not be surprising if in the future bitcoin became the first virtual currency to be put into use in everyday life.

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Bitcoin has a huge volatility and its able to accumulate a lot value in the short period, beside those im able to use and spend it anytime without be traced, while fiat is controled and almost doesnt change a lot it value, for me bitcoin is being used for my savings.

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Bitcoin is good to use as an investment for making money, and at this time to spend cash for necessary daily needs. Such an opportunity to ensure a good future in a few years.

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Quote from: radjie on July 05, 2017, 05:49:46 AM

Quote from: Feri577 on July 05, 2017, 05:18:43 AM

I like bitcoin because the price is high and it is not difficult to pick it up or keep it, but until then still I still need cash to shop ..

Bitcoin is easier to make as a very promising investment so without cash we can save our money into the form of digital currency whose price can change every minute. If you look at the price in the previous year bitcoin prices are so low that only a few people can use bitcoin, but at this time bitcoin prices are on the rise even though in the previous week bitcoin prices higher than now.

That is why investing in bitcoin is a really good investment for people who want to have a good retirement fund in the future because the price of bitcoin is moving up every year and its percentage gains are not expected and very surprising. If you will buy bitcoin now and if you will keep it for long term then you will have a chance to grow it up to 1000% from your capital.

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Quote from: Feri577 on July 05, 2017, 05:18:43 AM

I like bitcoin because the price is high and it is not difficult to pick it up or keep it, but until then still I still need cash to shop ..

Bitcoin is easier to make as a very promising investment so without cash we can save our money into the form of digital currency whose price can change every minute. If you look at the price in the previous year bitcoin prices are so low that only a few people can use bitcoin, but at this time bitcoin prices are on the rise even though in the previous week bitcoin prices higher than now.

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I like bitcoin because the price is high and it is not difficult to pick it up or keep it, but until then still I still need cash to shop ..

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