Topic: Why have Bitcoin instead of cash? - page 5. (Read 246148 times)
its beginning to more world wide use. but anyway, cash is still important right now
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 think that some people might pick Bitcoin above cash because they love the fact that you can make money with it. I would still choose cash because it is more reliable. Cash is more secure in every way because it is supported by the government. Bitcoin, although it is trying to prevail over the centralized currency is depending on the investors and the pup and dump demands. Fluctuations are very high right now and risk is always involved. I agree that for the future the blockchain technology will be inevitable but for now, we cant rely on the technology that is still not developed completely. With the development problem, I am thinking about the current problem in a term of transactions with the high fees. I hope that the future will bring the better evolvement of the Bitcoin and that more people will realize its true potential and not just the mean for the profit gain.
No brainer investment in bitcoin give huge returns compare to banks. Also isn't in cool and hassle free to not bring cash all you have to do is do your transaction on your phone online.
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.
If this things happen to me and my friend said also that word,why would you want bitcoins instead of fiat money my answer is simple bitcoin is great value and can be used in long terms investment with high profits while the traditional currency or fiat money is contains only a profit of 10% per annum in the banks,so if you compare the ratio you can conclude that bitcoin is so valuable than the fiat money in terms of investment . "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 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.
The reason why a lot of us used bitcoin instead of cash because of its fast transaction and less hastle. You earned more money in bitcoin and based on my own experience I can say that it is easy to earned money when you do it properly and other that those who are trusted companies your going to work with. "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. By having a bitcoin your money will surely grow by having patience for it is like an investment if you have only cash your money will just stay the same as is not growing, having bitcoin is so beneficial for an individual and that's bout it.
Yes, i agree you cant earn more profit without investing or holding in bitcoin because in bitcoin having a patience your money will surely grow , while in cash is also important it is because bitcoin for now you cant exchange payment with vendors but in future it will surely happen, cash uses in our daily needs like buying foods or drinks.
Very well said i am agree all what you said and for me also it is better to invest in bitcoin than bank and also it better in bitcoin than cash because here in bitcoin you secure that you can earn and also you can invest in any coin and surely that your money here in bitcoin was grow and grow if the value was increasing and the needed to have that is patient and if your money invest in bank so many years before you earn not like in bitcoin days weeks and months yiu already earned.
Indeed. By having a bitcoin your money will surely grow by having patience for it is like an investment if you have only cash your money will just stay the same as is not growing, having bitcoin is so beneficial for an individual and that's bout it.
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
It's not that I'm choosing bitcoin over cash. Moreover, i earn cash using bitcoin. Bitcoin really helps me to earn for my future and be able to buy the things i want and also to travel or go to the places I'd love to go.
Bitcoin hiding is easy. bitcoin transfer is very easy. so of course it should be preferred.
6) Bitcoin Gives Financial Power to The People, Takes it From Banks.
7) Fiat System supports Kleptocracy, Bitcoin Will Rebuild Free-Market Capitalism.
8 ) Bitcoin’s Appreciation Beats Dollar’s Inflation.
9) Bitcoin’s Speed Beats Dollar’s Speed.
10) Bitcoin Costs Significantly Less to Send Than Dollars Do.
11) Bitcoin’s future is brighter than the Dollar’s future.
Bitcoin is not going anywhere. Bitcoins are pieces of digital code, decentralized information. They are not being debased now or in the future. They can be sent by any form of information transfer, from morse code to text messages to a napkin passed along a table at a diner.
7) Fiat System supports Kleptocracy, Bitcoin Will Rebuild Free-Market Capitalism.
8 ) Bitcoin’s Appreciation Beats Dollar’s Inflation.
9) Bitcoin’s Speed Beats Dollar’s Speed.
10) Bitcoin Costs Significantly Less to Send Than Dollars Do.
11) Bitcoin’s future is brighter than the Dollar’s future.
Bitcoin is not going anywhere. Bitcoins are pieces of digital code, decentralized information. They are not being debased now or in the future. They can be sent by any form of information transfer, from morse code to text messages to a napkin passed along a table at a diner.
Because bitcoin is a potential investment, It work great and feels safe. It is a universal currency that you can carry anywhere in the world. No need to look for exchange place.
No need to worry about the lockers and brief case.
You can transfer of any million or in few moments in terms of bitcoin.
If you have your money in bitcoin,you no need to pay tax.
No one know ,how much cash you are carrying in wallets in term of bitcoin.
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 bitcoin instead cash one of the main reason why people choose bitcoin because of its security.Your money is secured and it is easier to do some transaction your just going to click .In addition to that the money you earned in bitcoin increase faster .You can save money as well as increasing it faster. "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.
Actually, both is good when you purchase things but a pkus to bitcoin is that it offers security. Security in a sense that you don't have to bring money with you in which your money is protected incase you get robbed. Another is the convenience, when you are in another country, you don't need to go to a money changer and have your money changed to that countries currency; this works though if the country you are in accelts bitcoin as payment. Another plus for bitcoin is that it is not only used in purchasing stuffs but it can also serve as an investment.
I think you should know the basic functions of both. Bitcoin and Cash have their own uniqueness and advantages. You can not select Bitcoin over Cash, and vice versa. You can not ignore Bitcoin and prefer Cash. Both of us need and are very important for our lives. If I think, people choose Bitcoin for various reasons. For example, like investing, we all know that Bitcoin prices are always on the rise, so people want to save Bitcoin to sell it when the price goes up. People also like to do transactions using cryptocurrency because in the world of cryptocurrency, there is no limit whatsoever for us to do transactions. However, there is a disadvantage that the price of cryptocurrency is always up and down. That is way, Cash is needed.In big time this is correct, and on top of that what you do with bitcoin convert in into cash. Many see like you mentioned bitcoin as investment or for some like retirement fund.
Both are needed to coexist and work together, one cannot work without other, we buy bitcoin with cash and we sell bitcoin for cash. IN the end we need both.
Because bitcoin is online and we can cash it anywhere. And also bitcoin is an investment it can bigger the price.
In my opinion, there is a huge population which are investing their money into bitcoin and are taking bitcoin as a very good way of investing money and above all, bitcoin is also helping them in having some very good amount of money at the end. Having paper money in your pocket can only help you in meeting your needs and it can do nothing good for you as it cannot help you in having extra money.
Cash is still very useful especially when paying most small businesses.. Holding Bitcoin is important for those investing or trading since using it as mode of payment nowadays is not practical.
I have bitcoin because its gain profit and i use it to trading , and this is one of my favorite coin. I use this to send remittances for my family , buying load and paying bills. When you back 5 years before then search the price of this, you get the answer. Many people investing in btc because of a rocket movement price of this. If i need cash i convert a little for my daily expense need ,Thats why i have bitcoin .
I like to use cash instead of bitcoin sometime because bitcoin is not accepted worldwide and this is very good for those who have knowledge and skill of this currency because those who have bitcoin now they are holding instead of cash out this currency and because of this strategy they are earning good amount of profit over this holding. I would like to hold a huge amount of bitcoin and then i have decided to start trade in this currencies because the future of this currencies are bright.
Bitcoin instead of cash is more favorable because
bitcoin is volatile price is varying with time and most probably increasing which can give more profit to customers.
Bitcoin is safer to hold then cash.
Bitcoin is easier to hold then cash.
Bitcoin is faster in transacting then cash.
Bitcoin can be usable anywhere in the world without any tax.
bitcoin is volatile price is varying with time and most probably increasing which can give more profit to customers.
Bitcoin is safer to hold then cash.
Bitcoin is easier to hold then cash.
Bitcoin is faster in transacting then cash.
Bitcoin can be usable anywhere in the world without any tax.
COINS than cash safe, convenient, transaction process is simple, when you start using BTC you will like it, I think BTC will become the future of new legal tender, electronic money will generally and legal tender will be severely affected.
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