What's stopping people from using both Bitcoin and cash depending on the circumstances? I for one would like to use whichever is the most optimal for the task at hand. Say you need to travel abroad and decide not to bring cash with you and there people on Localbitcoins will try to rip you off by offering crazy rates for your coins, couldn't it be better to use cash instead? Or you need to send money abroad but don't want to pay more fees via a bank transfer then you will send Bitcoins.
This, bitcoin is great but it is just another tool, in your example having flexibility is best, bring cash, a debit card, a bitcoin debit card and bitcoin and you are sure to not have problems when it comes to pay for products and services, there are many stories of people only bringing debit cards to their trips and then the card gets blocked by the bank and now they are in a foreign country without money.
Topic: Why have Bitcoin instead of cash? - page 51. (Read 246148 times)
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i see bitcoin have a great opportunity to become one of most way to make money and this is why i still keep my bitcoin until now, i am sure that bitcoin could be one of the source for us to earn money in today and future. although i keep bitcoin, i still have my money because with money i can buy something in real life, i only use bitcoin for my online work and to buy someting in online.
My parents don't even use cash any more, everything is payed with credit cards nowadays. I don't see a problem in me using btc when I am their age.
Using Credit card is the proof that people like to use digital means of payment that is why bitcoin is invested. Anyone if start to use bitcoin learn it easily.Actually bitcoin is now a day growing.Which is better than money to use instead of money.If you are using cash then invest into bitcoin.Make a capital use that cash which you are getting from bitcoin.So i will prefer to use bitcoin instead cash.that's why you don't have a problem using BTC.
I think when people will understand how to use bitcoin they will eventually be interested with investing on it.
My parents don't even use cash any more, everything is payed with credit cards nowadays. I don't see a problem in me using btc when I am their age.
Using Credit card is the proof that people like to use digital means of payment that is why bitcoin is invested. Anyone if start to use bitcoin learn it easily.Actually bitcoin is now a day growing.Which is better than money to use instead of money.If you are using cash then invest into bitcoin.Make a capital use that cash which you are getting from bitcoin.So i will prefer to use bitcoin instead cash.that's why you don't have a problem using BTC.
Because bitcoin is easy to used like buying items thru online you can use bitcoin as exchanged. In addition value of bitcoin in the market was much better than cash that cash that we used.
You have already mention some of the advantage of Bitcoin but there are some other point in addition to what you have mentioned already. Bitcoin is a decentralized currency which cannot be manipulate or control by any government authority or institutions, it makes business transactions easy internationally, free from restrictions by any government authority to transfer money internationally, and lastly the value it's Carrie's is far higher as compared to fait currency.
My parents don't even use cash any more, everything is payed with credit cards nowadays. I don't see a problem in me using btc when I am their age.
Man that is weird because last time I checked you need cash in order to pay your credit cards bills which means your parents still use cash. Fiat currency is the most basic and most common medium in exchange in which businesses are still looking for. Now in your case if you get older It is possible because Bitcoin has monetary value the only problem is will their be a business who will accept your Bitcoin as a mode of payment?Sure at the end of every month i will pay my credit card company the equivalent of what i spent in bitcoin, bitcoin is a store of value with high fees after all. Seems like a perfectly good use case to me.
One of my friends actually gets paid in BTC for his job (He is a webdeveloper at a company that also happens to mine bitcoin). Why not recieve your monthly wage in bitcoin?
10 years down the road bitcoin could really be used ubiquitously for things like that, bigger transactions that don't need to be instant, hell we could use it right now for these specific use cases.
Edit1: On another note what is the benefit of using bitcoins in these specific usecases? Well my friend can choose if he wants fiat or btc, he can also split it (50:50, 70:30 .etc).
The obvious benefit is not needing to convert fiat to btc and not holding your money at a bank (for instance after Yugoslavia fell apart Ljubljanska Banka never returned money people had in their savings account, who can guarantee shit won't the fan in an X amount of years and your bank (maybe not intentionally) will refuse to give you your money.
And paying your credit card issuer had the benefit of not needing to carry cash around.
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.
Probably the number 2 reason that you offer is the best of all, cash is not an investment, in fact it is just a way to lose money in the long term while having bitcoin can be one of the best investments at the moment especially now that the price of all cryptos seem to go down, it seems we are going to have the opportunity to buy bitcoin for cheap once again."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, Cash won't help you increase your value, but investment such as Bitcoins will surely increase your valuation of your money.
But also transacting worldwide with ease is another reason for many including me to have Bitcoins.
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.
Probably the number 2 reason that you offer is the best of all, cash is not an investment, in fact it is just a way to lose money in the long term while having bitcoin can be one of the best investments at the moment especially now that the price of all cryptos seem to go down, it seems we are going to have the opportunity to buy bitcoin for cheap once again. "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 better to have bitcoin instead of cash because bitcoin is real handy and easy to carry. Also for safety purposes because when you are handling a real big amount of money in cash, it is attractive for snatchers or thiefs around. In bitcoin, your money can also gain because of the time to time changes of its price currency that leads for more profit. You can carry a big amount of money in your hand without getting noticed because it can be saved in your btc wallet. Really handy.
While I agree with the fact that bitcoin is handy since it has no physical form, I disagree with the safety purposes. If someone wants to rob you, then he will rob you. If bitcoin becomes mainstream and almost everyone is using it, thieves will just have their very own bitcoin wallet and instead of snatching the bag from you, he will just point a knife on you and make you send your bitcoins to his wallet. With just a simple scan of QR code and hitting the "send max" button on sending money, he already have all of your bitcoins. It's more convenient for snatchers to do this. Afterwards, he can also take your phone with him.
Finally somebody with a bit of common sense.
If somebody is so desperate to rob you they will no matter if you have plastic , cash or bitcoins.
And they might actually try with bitcoins even harder cause the police then will have to prove they have stolen the coins and the coins are in their possession. Even when they will go out of jail, they might still have the catch safe.
Sometimes excessive security and anonymity is a double edge sword.
It is better to have bitcoin instead of cash because bitcoin is real handy and easy to carry. Also for safety purposes because when you are handling a real big amount of money in cash, it is attractive for snatchers or thiefs around. In bitcoin, your money can also gain because of the time to time changes of its price currency that leads for more profit. You can carry a big amount of money in your hand without getting noticed because it can be saved in your btc wallet. Really handy.
While I agree with the fact that bitcoin is handy since it has no physical form, I disagree with the safety purposes. If someone wants to rob you, then he will rob you. If bitcoin becomes mainstream and almost everyone is using it, thieves will just have their very own bitcoin wallet and instead of snatching the bag from you, he will just point a knife on you and make you send your bitcoins to his wallet. With just a simple scan of QR code and hitting the "send max" button on sending money, he already have all of your bitcoins. It's more convenient for snatchers to do this. Afterwards, he can also take your phone with him.
For global transactions and with a large nominal certainly not possible to use cash, this depends on the need, if we buy coffee directly cash is better than bitcoin.
It is better to have bitcoin instead of cash because bitcoin is real handy and easy to carry. Also for safety purposes because when you are handling a real big amount of money in cash, it is attractive for snatchers or thiefs around. In bitcoin, your money can also gain because of the time to time changes of its price currency that leads for more profit. You can carry a big amount of money in your hand without getting noticed because it can be saved in your btc wallet. Really handy.
But we still need cash if ever we need to buy some stuffs, if all countries will only have an opportunity to have stores that accepts bitcoin readily ,bitcoin is all we need since it is beneficial, secured and can be used as our bank with chances of increasing our savings.
If you want to use your bitcoin many services with atm that your bitcoin can be save and you can withdraw instantly using a debit card or many services online that you can exchange your bitcoin instantly in money like here in my country that you can withdraw your bitcoin instantly so for now i think its not a problem but hoping that there are some stores here locally that accept bitcoin as payment method.
It is better to have bitcoin instead of cash because bitcoin is real handy and easy to carry. Also for safety purposes because when you are handling a real big amount of money in cash, it is attractive for snatchers or thiefs around. In bitcoin, your money can also gain because of the time to time changes of its price currency that leads for more profit. You can carry a big amount of money in your hand without getting noticed because it can be saved in your btc wallet. Really handy.
But we still need cash if ever we need to buy some stuffs, if all countries will only have an opportunity to have stores that accepts bitcoin readily ,bitcoin is all we need since it is beneficial, secured and can be used as our bank with chances of increasing our savings.
If you want to use your bitcoin many services with atm that your bitcoin can be save and you can withdraw instantly using a debit card or many services online that you can exchange your bitcoin instantly in money like here in my country that you can withdraw your bitcoin instantly so for now i think its not a problem but hoping that there are some stores here locally that accept bitcoin as payment method.
My parents don't even use cash any more, everything is payed with credit cards nowadays. I don't see a problem in me using btc when I am their age.
My family also mostly use credit cards to shop. So did my elderly father. They can already use the credit card system. So this time it seems like cash will not have a bright future. Hence the bitcoin is digital
It is better to have bitcoin instead of cash because bitcoin is real handy and easy to carry. Also for safety purposes because when you are handling a real big amount of money in cash, it is attractive for snatchers or thiefs around. In bitcoin, your money can also gain because of the time to time changes of its price currency that leads for more profit. You can carry a big amount of money in your hand without getting noticed because it can be saved in your btc wallet. Really handy.
But we still need cash if ever we need to buy some stuffs, if all countries will only have an opportunity to have stores that accepts bitcoin readily ,bitcoin is all we need since it is beneficial, secured and can be used as our bank with chances of increasing our savings.
It is better to have bitcoin instead of cash because bitcoin is real handy and easy to carry. Also for safety purposes because when you are handling a real big amount of money in cash, it is attractive for snatchers or thiefs around. In bitcoin, your money can also gain because of the time to time changes of its price currency that leads for more profit. You can carry a big amount of money in your hand without getting noticed because it can be saved in your btc wallet. Really handy.
My parents don't even use cash any more, everything is payed with credit cards nowadays. I don't see a problem in me using btc when I am their age.
You've seen that many people today are shifting from cash to something more sophisticated and flexible. So that's why digital currency is a new era for currency and payment options. It is the reason why bitcoin is called the currency of the futureMy parents don't even use cash any more, everything is payed with credit cards nowadays. I don't see a problem in me using btc when I am their age.
Man that is weird because last time I checked you need cash in order to pay your credit cards bills which means your parents still use cash. Fiat currency is the most basic and most common medium in exchange in which businesses are still looking for. Now in your case if you get older It is possible because Bitcoin has monetary value the only problem is will their be a business who will accept your Bitcoin as a mode of payment?Really?
You have no clue how a debit or credit card works it seems.
First, most of us around here probably 90% of the population we get our wages directly deposit on our cards.
So, no need to go and deposit cash and neither are we getting paid with banknotes ore coins.
Fiat money and cash are two different things.
Cash is the physical form of fiat money. You can still use your national currency (fiat money) without ever touching cash.
My parents don't even use cash any more, everything is payed with credit cards nowadays. I don't see a problem in me using btc when I am their age.
Yeah i think it's been a sign that this time and the future is coming. Cash will further diminish its use. Because with a credit card or digital currency you'll get easier in shopping and sending money. So that's why the bitcoin is in the form of cashIt probably is in your area but there still are a lot of places where this isn't appliccable. To make credot card payments, the store needs to have a cc terminal and good for those areas that already have access to this technology but realistically there are more stores where cash is the only mode of payment. I don't think it's time yet for full cashless transactions and tradings. We may not yet have the capability to sustain a system without cash
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