Topic: Why have Bitcoin instead of cash? - page 59. (Read 246169 times)
My bitcoin is appreciating in values every days and I have control over it. My bank account depreciate because of bank charges and interest. Last month some amount was deducted from my account balance by my banker without my approval. Bitcoin is far more safer compared to bank.
sincerely its security is what I always appreciate, as it cannot just be discovered by robbers and thieves around.
even if your device is stolen your bit coin remains intact as long as your passwords remain unveiled.
even if your device is stolen your bit coin remains intact as long as your passwords remain unveiled.
I believe the most effective method bitcoin offered developers is the easy access. before bitcoin only some high popular sites has api's and some developers who actually knows how to use them. but now we have concept on it and after bitcoin came into the market people learnt lot of new stuffs including market issues.
It is simply because, cash doesn't profit when you just hold it. When you have 10000 worth of cash it will remain 10000 for a long time. Because cash does not change its value. While in bitcoin, if you hold bitcoin in your wallet, it has the possibility to double or triple its value.
Yeah and it does also have the possibility to go down, does it?
You treat bitcoin as an investment then compare it to investments.
Bitcoin wasn't supposed to be something we all hodl and wait to get rich.
It's main purpose was fast transfers of sums without involving a third party.
And sadly I see this fading away
No one cares about what you see and what you don't see
It should have been clear right from the start that a deflationary currency like Bitcoin (with its capped supply) cannot be very effective specifically as a currency, i.e. as a value transfer vehicle simply because with more expansion it will get more and more value of its own (other than transactional utility), thereby turning into an asset in its own right. Add to this Bitcoin's insane volatility, and Bitcoin instantly becomes a speculative blockbuster
During political uncertainty and instability, it is simply better and saver keeping bitcoin.
Just like keeping gold, safe bet for your investment during dark times
That's true, each and every country have flaws in their government. We cannot have a safety in our assets. So if bitcoin is with us, we can easily get rid of several issues similar to taxation and other high volume money holding issues which were quite a common problem. Just like keeping gold, safe bet for your investment during dark times
Cash in your pocket can't show any growth and inflation will also decrease the value of your money but on the other hand Bitcoin will show massive growth rates and its safe from all kinds of theft.
During political uncertainty and instability, it is simply better and saver keeping bitcoin.
Just like keeping gold, safe bet for your investment during dark times
Just like keeping gold, safe bet for your investment during dark times
I hope this thread will help me understand more about the advantage of bit coin and how will I gain advantage of it. I really need additional income and some of my friends told me to try this bit coin forum. Godbless and looking forward for this kind of forum help me and the other newbies.
It is simply because, cash doesn't profit when you just hold it. When you have 10000 worth of cash it will remain 10000 for a long time. Because cash does not change its value. While in bitcoin, if you hold bitcoin in your wallet, it has the possibility to double or triple its value.
Yes, cash can not make you profit unless you exchange it with another currency and wait for its high/low value. Having bitcoin in your wallet it is can make you profit. Not because it is digital it means that it is not secured, bitcoin is secured because you know you have your cash even though you can't touch it. 
It is simply because, cash doesn't profit when you just hold it. When you have 10000 worth of cash it will remain 10000 for a long time. Because cash does not change its value. While in bitcoin, if you hold bitcoin in your wallet, it has the possibility to double or triple its value.
Yeah and it does also have the possibility to go down, does it?
You treat bitcoin as an investment then compare it to investments.
Bitcoin wasn't supposed to be something we all hodl and wait to get rich.
It's main purpose was fast transfers of sums without involving a third party.
And sadly I see this fading away
Why have Bitcoin instead of cash? In the government conspiracy department, being a little crazy..you can believe that every purchase you make on credit or debit card is tracked and traced and you are slowly profiled using all the data and the government watches every thing you do, Bitcoin prevents that. A little less crazy, the government and the banks do record all those transactions and do use software to analysis the data. On the less crazy side of the street, the government cares very little about you until you buy something like an explosive, a baby or whatever evil thing you have in mind. But, without precautions, you buy a bomb with Bitcoin and you will likely still get that knock on the door.
That is what happening right now, the banks recorded all of our transactions maybe because for reference in case we need it. I do no think any bad thing about the government losting all our transactions. After all of that, we go to the bank whenever there are unsual transactions happened to our accounts. We could still trust banks and the government but I still prefer bitcoin than cash.
bitcoin too since I know that by just having it for long it will sure increase.
Why have Bitcoin instead of cash? In the government conspiracy department, being a little crazy..you can believe that every purchase you make on credit or debit card is tracked and traced and you are slowly profiled using all the data and the government watches every thing you do, Bitcoin prevents that. A little less crazy, the government and the banks do record all those transactions and do use software to analysis the data. On the less crazy side of the street, the government cares very little about you until you buy something like an explosive, a baby or whatever evil thing you have in mind. But, without precautions, you buy a bomb with Bitcoin and you will likely still get that knock on the door.
That is what happening right now, the banks recorded all of our transactions maybe because for reference in case we need it. I do no think any bad thing about the government losting all our transactions. After all of that, we go to the bank whenever there are unsual transactions happened to our accounts. We could still trust banks and the government but I still prefer bitcoin than cash.
Why have Bitcoin instead of cash? In the government conspiracy department, being a little crazy..you can believe that every purchase you make on credit or debit card is tracked and traced and you are slowly profiled using all the data and the government watches every thing you do, Bitcoin prevents that. A little less crazy, the government and the banks do record all those transactions and do use software to analysis the data. On the less crazy side of the street, the government cares very little about you until you buy something like an explosive, a baby or whatever evil thing you have in mind. But, without precautions, you buy a bomb with Bitcoin and you will likely still get that knock on the door.
Because bitcoin is a friendly users, by the help of coins online shop were easily provided our order because it easy to send bitcoin than paying cash. Also you don't need to withdraw and easy to check the account.
It's user friendly to those who fully understand how to use this but actually it is not for the majority because this is a new technology to them and they might not fully understand the terminologies of bitcoin. I am not a IT guy but I find this easy to use because I really love to earn, if only they have the interest it would be easy for them to understand.Well if you really want to learn about it i think btc is very easy to understand and use. Though at the moment, i don't think it can be considered yet as a substitute to cash as people would prefer investing in btcs rather than spending it.
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,you could escape from taxes since governments has not started to trace bitcoin transactions.Low transaction fees compared to other payment options."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.
With bitcoins,you could escape from taxes since governments has not started to trace bitcoin transactions.Low transaction fees compared to other payment options. "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 hold bitcoin as my investment, with bitcoin i can mine them but not for cash i can not mine cash by machine
I think this is a different matter, I'll still use cash and also had a bitcoin. Cash to meet the needs of every day and I use bitcoin for long term investment (more than 1 year). Because bitcoin is a friendly users, by the help of coins online shop were easily provided our order because it easy to send bitcoin than paying cash. Also you don't need to withdraw and easy to check the account.
You will remember How much time did you need in order to fully study everything and start using crypto-currencies. And now only imagine how this will be done by those people who have very little education. And also in question is the children and the elderly, who have much less opportunity to use crypto currency. It seems to me that their choice will still be for real money.As much as we want to help these people, but these people don't matter here. They don't know how to use it, okay. We can't conduct tutoring classes to them. We can't start educating them about basic education just so they can finally understand bitcoins. There will always be people that's left behind in the society.
Because bitcoin is a friendly users, by the help of coins online shop were easily provided our order because it easy to send bitcoin than paying cash. Also you don't need to withdraw and easy to check the account.
It's user friendly to those who fully understand how to use this but actually it is not for the majority because this is a new technology to them and they might not fully understand the terminologies of bitcoin. I am not a IT guy but I find this easy to use because I really love to earn, if only they have the interest it would be easy for them to understand.Hun, no one understood something right away. No one knew a language since birth. No one knew how to properly wipe their asses right when they got out of their mother's womb. There will always be a learning process to everything although the length might differ to each one of us. Bitcoin was made not only for techie people or smart people, bitcoin was made for everyone. It's not that hard to understand bitcoins if you actually put effort to it.
In terms of bitcoin adoption, these people would know what to do at that point. There will be extra extra intuitive applications for having bitcoins. Today, what we have is an online wallet. And the other aspects about bitcoin will just be learned through the word of mouth because it's become a popular topic. Simply put, bitcoin will be so common that people can just easily understand it through their friends.
Because bitcoin is a friendly users, by the help of coins online shop were easily provided our order because it easy to send bitcoin than paying cash. Also you don't need to withdraw and easy to check the account.
It's user friendly to those who fully understand how to use this but actually it is not for the majority because this is a new technology to them and they might not fully understand the terminologies of bitcoin. I am not a IT guy but I find this easy to use because I really love to earn, if only they have the interest it would be easy for them to understand. 
Because bitcoin is a friendly users, by the help of coins online shop were easily provided our order because it easy to send bitcoin than paying cash. Also you don't need to withdraw and easy to check the account.
You will remember How much time did you need in order to fully study everything and start using crypto-currencies. And now only imagine how this will be done by those people who have very little education. And also in question is the children and the elderly, who have much less opportunity to use crypto currency. It seems to me that their choice will still be for real money. Jump to: