Why have Bitcoin instead of cash? - page 55.

Casabrandy

hero member

Activity: 837

Merit: 500

Quote from: radamiel on June 13, 2017, 09:28:39 PM

Cash and bitcoin are different things, cash we use to buy everyday needs, while bitcoin is for future investment, we need both, cash to buy food and clothing, and bitcoin to buy houses and cars

Its good to have both for they were much in need in fifferent applications. Btc were like bank in a way we can really earn in long term.

revans

sr. member

Activity: 336

Merit: 250

I think this pretty easy to answer just due to the fact its way more secure at first point, another point is that you cannot lose it at all.
Well its possible to lose it but that its just.. stupid, another reason why its better its not so robbed easily and also digital that is also nice you can always have it at you(cellphone).

Omega Weapon

hero member

Activity: 1092

Merit: 501

Quote from: bitllionaire on June 11, 2017, 07:14:19 AM

Quote from: Omega Weapon on June 10, 2017, 10:04:41 PM

Quote from: jameshowlett on June 07, 2017, 01:32:11 PM

Quote from: HasHe on June 06, 2017, 01:30:45 AM

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.

With bitcoins,money could be sent all over the world with very low fee compared to other payment systems.Its an ever growing investment.Its safe and secure.

Are you sure about that? Paypal charges $0.1 for small transactions while bitcoin requires users to pay more than $2 in order for transactions to be confirmed. Do you think that bitcoin fee is cheap? Do not say anything bullshit here if you do not know anything about it

Bitcoin transaction fee for small amounts of money is definitely not cheap at all, but for those that live in the first world or that can send bigger transactions the fees may not seem that bad, but if we want a world adoption from the population of the world this problem with the fess needs to be resolves as soon as possible.

yes small transaction is creating problems with big transaction fee. now we cannot use bitcoin for purchasing small items online, the exchanges are increasing the transaction fee from time to time, for example the yobit was charging 0.0003 but now they increased the transaction fee to 0.0009 which is 200 %, i think there should be a regularity authority to have check on theses exchanges and to bound them about the increase in transaction fee.

While that will be a way to solve some of these issues I think since we are in the world of crypto that a decentralized solution could be better in some aspects than a centralized solution, there are already some decentralized exchanges but they have failed to capture enough user base to be a threat to centralized exchanges and without that the centralized exchanges have no reason to change.

radamiel

full member

Activity: 120

Merit: 100

Cash and bitcoin are different things, cash we use to buy everyday needs, while bitcoin is for future investment, we need both, cash to buy food and clothing, and bitcoin to buy houses and cars

czvezda

sr. member

Activity: 364

Merit: 250

If you want to have control over your own money then it's easier to store large amounts in btc than it is to store in cash. Obviously this only affects those of us who have lots of cash. Once mainstream Bitcoin will be much much better to use than cash.

malikusama

copper member

Activity: 1050

Merit: 294

The most attractive characteristic of bitcoin is decentralization and no doubt it is the major reason of bitcoin success, there is no interruption of banks and government, they can't put an eye on your money. Cash is not centralized and you can't take it any where as you can easily take bitcoins.

passwordnow

hero member

Activity: 3136

Merit: 591

Leading Crypto Sports Betting & Casino Platform

Quote from: BCTBF on June 13, 2017, 05:25:42 PM

Perhaps because bitcoin is more futuristic digital money and makes bitcoin an attractive money and a great breakthrough for payment tools.

It's being predicted that will be the future money and transactions will be through bitcoin online. There's a lot of difference from using cash and bitcoin, I will still depend and use cash as it is an important tool for living in every country. Just use them both and if you think you can live all along with pure bitcoin transactions stick with it.

BCTBF

sr. member

Activity: 560

Merit: 257

Perhaps because bitcoin is more futuristic digital money and makes bitcoin an attractive money and a great breakthrough for payment tools.

AleSergio

sr. member

Activity: 378

Merit: 250

BuyAnyLight - Blockchain LED Marketplace

They are both good, using bitcoin - you can buy or trade online. Cash is something you can be able to feel, if network will shut down one day and all computers will be destroyed. We will have zeros on our bitcoin balance and only thing left would be cash Wink

FlightyPouch

sr. member

Activity: 1638

Merit: 300

Quote from: mharz on June 12, 2017, 11:43:59 PM

I just want bitcoin because bitcoin amount was raising up not like in the cash that it was earn interest every quarterly of the month. Moreover, bitcoin has non-taxable savings while cash had 20% depends on the interest incurred. Bitcoin was easily access in everywhere but cash was not.

What are you saying, bitcoin can easily accesed everywhere? No, there are still places that people can't access internet amd also bitcoin, and how can you say that bitcoin is easily accessed than cash? So you are saying that they are emphasizing bitcoin than cash? Where cash is commonly used by people than bitcoin.

nethan1btc

sr. member

Activity: 574

Merit: 250

Quote from: ?? on ??

Quote from: Dudeperfect on June 12, 2017, 11:59:42 PM

Quote from: mharz on June 12, 2017, 11:43:59 PM

I just want bitcoin because bitcoin amount was raising up not like in the cash that it was earn interest every quarterly of the month. Moreover, bitcoin has non-taxable savings while cash had 20% depends on the interest incurred. Bitcoin was easily access in everywhere but cash was not.

Appreciation of the price is one benefit of holding bitcoin over cash but to use it in the way that intended, we need to build the infrastructure for the offline market where we will be able to use bitcoins without exchanging it for cash or any other token/credit system. In that case, I would say bitcoin is better than cash, and I see it is happening in next few years with a rapid growth.

They both have different purpose, if bitcoin works really on our country ,i might prefer having it than cash but its not that popular yet so i need cash.

Yeah you're right but I think that cash purposes for exchanging bitcoin can be a dead investment for now, if you wanted your bitcoin to grow more in your wallet you must exchange cash with an specific pupose and establish passive income using the acquired cash you have. Just use your remaining btc in your wallet for another purpose like holding it while price still rising and with your cash you already generating good income from a small business you have like buy and sell so you cannot rely all the time as bitcoin as your sources of fiat cash money. So with general idea, I can recommend everybody to choose bitcoin investments instead of cash and don't exchange it all for cash because you might regret if price will strike back again to the top price like the dream of $3000.

Jewell

hero member

Activity: 490

Merit: 500

Quote from: ?? on ??

Quote from: Dudeperfect on June 12, 2017, 11:59:42 PM

Quote from: mharz on June 12, 2017, 11:43:59 PM

I just want bitcoin because bitcoin amount was raising up not like in the cash that it was earn interest every quarterly of the month. Moreover, bitcoin has non-taxable savings while cash had 20% depends on the interest incurred. Bitcoin was easily access in everywhere but cash was not.

Appreciation of the price is one benefit of holding bitcoin over cash but to use it in the way that intended, we need to build the infrastructure for the offline market where we will be able to use bitcoins without exchanging it for cash or any other token/credit system. In that case, I would say bitcoin is better than cash, and I see it is happening in next few years with a rapid growth.

They both have different purpose, if bitcoin works really on our country ,i might prefer having it than cash but its not that popular yet so i need cash.

but I think still you have the opportunity to use bitcoin for online shopping. in fact the facility of bitcoin to be use in local shops is really yet not available everywhere. in most of the area still the shopkeepers are not accepting bitcoin, because the shopkeepers also have no such knowledge about bitcoin, but in near future we can expect that very soon we will become able to use bitcoin even in our local shops. in fact it is depending on the number of bitcoin users in an area.

Jewell

hero member

Activity: 490

Merit: 500

Quote from: Fatanut on June 13, 2017, 01:41:16 AM

Quote from: Ahimoth on June 13, 2017, 01:09:44 AM

Bitcoin instead of cash. Why not! Bitcoin is more secure than cash. You can have a huge amount in your web wallet wherever you go without worrying it can be stole. Worst things come, the wallet is lost or stolen you have à back up wallet. So nothing to worry. Bitcoin is very portable and convenient to use. And lastly, it is borderless, meaning no county can stop it from going in or out.

Bitcoin surely is secure but web wallets aren't. The to-go wallet of newbies are web wallets but hackers surely are low-key penetrating those websites. There are also people that are looking for bugs of a website. You don't know what might happen to the website. Moreover why you shouldn't use web wallets is the fact that the point of using bitcoins is to remove trusted third parties. Web wallets can be seen as trusted third parties since you trust the people behind that website that they aren't going to run away your funds and at that their website is secure enough.

bitcoin is the new generation currency. the new generation like and give preference to online shopping therefore they use bitcoin for online shopping which is more convenient to use as compare to fiat currency. in future when bitcoin will bring more facilities for us then it will become more convenient to use to use bitcoin. therefore in near future i can see a bright future for bitcoin.

cruz49

newbie

Activity: 56

Merit: 0

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.

Bitcoin is more efficient than cash as if you notice bitcoin price now is increasing unlike cash the price it self didn't increase instead of increasing decreasing because of the products that's why bitcoin is more efficient than cash but still bitcoin can't replace cash because it is a hard money

Fatanut

legendary

Activity: 1008

Merit: 1060

Quote from: Ahimoth on June 13, 2017, 01:09:44 AM

Bitcoin instead of cash. Why not! Bitcoin is more secure than cash. You can have a huge amount in your web wallet wherever you go without worrying it can be stole. Worst things come, the wallet is lost or stolen you have à back up wallet. So nothing to worry. Bitcoin is very portable and convenient to use. And lastly, it is borderless, meaning no county can stop it from going in or out.

Bitcoin surely is secure but web wallets aren't. The to-go wallet of newbies are web wallets but hackers surely are low-key penetrating those websites. There are also people that are looking for bugs of a website. You don't know what might happen to the website. Moreover why you shouldn't use web wallets is the fact that the point of using bitcoins is to remove trusted third parties. Web wallets can be seen as trusted third parties since you trust the people behind that website that they aren't going to run away your funds and at that their website is secure enough.

Ahimoth

sr. member

Activity: 812

Merit: 250

Bitcoin instead of cash. Why not! Bitcoin is more secure than cash. You can have a huge amount in your web wallet wherever you go without worrying it can be stole. Worst things come, the wallet is lost or stolen you have à back up wallet. So nothing to worry. Bitcoin is very portable and convenient to use. And lastly, it is borderless, meaning no county can stop it from going in or out.

Dudeperfect

hero member

Activity: 1190

Merit: 534

Quote from: mharz on June 12, 2017, 11:43:59 PM

I just want bitcoin because bitcoin amount was raising up not like in the cash that it was earn interest every quarterly of the month. Moreover, bitcoin has non-taxable savings while cash had 20% depends on the interest incurred. Bitcoin was easily access in everywhere but cash was not.

Appreciation of the price is one benefit of holding bitcoin over cash but to use it in the way that intended, we need to build the infrastructure for the offline market where we will be able to use bitcoins without exchanging it for cash or any other token/credit system. In that case, I would say bitcoin is better than cash, and I see it is happening in next few years with a rapid growth.

mharz

sr. member

Activity: 336

Merit: 260

I just want bitcoin because bitcoin amount was raising up not like in the cash that it was earn interest every quarterly of the month. Moreover, bitcoin has non-taxable savings while cash had 20% depends on the interest incurred. Bitcoin was easily access in everywhere but cash was not.

nethead

sr. member

Activity: 322

Merit: 250

I think bitcoin is more secure than cash, but, people must have the basic knowledge about computer, internet, virus, trojans & malwares. If people shall be trained about the security of bitcoin wallet, then, it's more hard to steal their coins .........

So, some websites must be developed to train people online for teaching them about basics of bitcoin, wallet security, offline transaction, cold storage, paper wallet, hardware wallets, multi-sig wallet etc.

If anybody knows this kind of websites then please, list here in your reply ......

zoelhack

full member

Activity: 165

Merit: 100

Why bitcoin is not cash money, because bitcoin gives satisfaction to all of us with coin coin which later the price rises that exceeds from the cash money. But to make cash from bitcoin we have to make fiat money and after that just become cash money

Topic: Why have Bitcoin instead of cash? - page 55. (Read 246169 times)