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Topic: Why have Bitcoin instead of cash? - page 60. (Read 246169 times)

sr. member
Activity: 336
Merit: 260
June 05, 2017, 12:58:39 AM
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.
sr. member
Activity: 406
Merit: 250
https://gexcrypto.io
June 04, 2017, 11:52:46 PM
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.
copper member
Activity: 840
Merit: 114
June 04, 2017, 09:59:21 PM
Because you don't need anyone to keep it for you on your behalf. You can use the Greece example and you can see how things can messed up so much just because you think that banks are safe but they are not. In other words, with bitcoin you are in control of your own money and use it when you want and everywhere you go.

bitcoin can we save with our desire on their own, and we can use our purposes because corresponding bitcoin in supervision and control of ourselves. we do not need anyone to put it on behalf of the US. If we think save in banks will be more secure but not bitcoin. you have to keep track of it because it is your own money that you saved in the form of bitcoin.
legendary
Activity: 1274
Merit: 1001
June 04, 2017, 11:54:13 AM
Because bitcoin is a digital currency and every country still has a lot that has not yet formalized it so bitcoin can not afford to be cash.
But with the bitcoin all its users must feel the ease of transactions with Fast, worldwide transactions at your fingertips.

For some country forbid bitcoin usage because of security issue, it's reasonable in order to protect people from any damage
IMO, I'm personally using bitcoin as investation rather as currency !
hero member
Activity: 1722
Merit: 528
June 04, 2017, 11:51:02 AM
Because bitcoin is a digital currency and every country still has a lot that has not yet formalized it so bitcoin can not afford to be cash.
But with the bitcoin all its users must feel the ease of transactions with Fast, worldwide transactions at your fingertips.

Formalized? more like accepted it. Bitcoin is being accepted throughout the world, the problem is some country wants their own currency and use that as their own, not accepting bitcoin but just as a asset or used to exchange but not a payment. I don't know their motives doing these though. Having bitcoin also gives you freedom from government and taxes unlike cash because it is decentralized.
hero member
Activity: 826
Merit: 501
June 04, 2017, 11:39:34 AM

Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Yeah clearly this is the reason why i have and use bitcoins instead of using real cash in purchasing online.Its tax free unlike real cash that taxes may go up to 20% of the price of the product you bought when they undergo in the customs specially here in philippines
I also like bitcoin rather than cash because of it, one of them being digital and anonymous that makes bitcoin untraceable and spared any kind of intervention and tax

yes , i like bitcoin rather than cash because, we can earn bitcoin without any problems because we can earn it anonymously without the notice of the goverment. and there are several things that we can earn bitcoin , and if we are going to withdraw that, we have no taxes to be paid of, only the transactions fees in the online wallet. i must prefer bitcoin rather than in cash.
sr. member
Activity: 588
Merit: 256
June 04, 2017, 09:14:50 AM
Because bitcoin is a digital currency and every country still has a lot that has not yet formalized it so bitcoin can not afford to be cash.
But with the bitcoin all its users must feel the ease of transactions with Fast, worldwide transactions at your fingertips.
hero member
Activity: 1148
Merit: 504
June 04, 2017, 08:52:20 AM

Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Yeah clearly this is the reason why i have and use bitcoins instead of using real cash in purchasing online.Its tax free unlike real cash that taxes may go up to 20% of the price of the product you bought when they undergo in the customs specially here in philippines
I also like bitcoin rather than cash because of it, one of them being digital and anonymous that makes bitcoin untraceable and spared any kind of intervention and tax
hero member
Activity: 1680
Merit: 655
June 04, 2017, 08:15:23 AM
Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Yeah clearly this is the reason why i have and use bitcoins instead of using real cash in purchasing online.Its tax free unlike real cash that taxes may go up to 20% of the price of the product you bought when they undergo in the customs specially here in philippines
If you buy goods abroad using bitcoin certainly will not be taxed. Maybe this can be applied in salary in every company. So you do not have to pay taxes for income lol

Taxes can be a major concern for the government in that situation. We always need to remember that Bitcoin earnings is taxable and by no any means are tax exempted. If the demand and usage of Bitcoin becomes more dominant in a country the government will start to find that they are getting less and less tax, and they will find the root cause of it and that is Bitcoin of course.   
hero member
Activity: 924
Merit: 502
June 04, 2017, 07:58:59 AM
i hold bitcoin as my investment, with bitcoin i can mine them but not for cash i can not mine cash by machine
It is not the main reason those are trying to grab bitcoin in this time. bitcoin offer the easiest ways to send your money around the world and be your own bank to manage all of your economic through bitcoin itself.

As for me, bitcoin is a must have rather than using cash. Cash is quite heavy when you buy something from bills to coins especially when you go shopping or even buying groceries. On the other hand, bitcoin is accessible and convenient to use it seems like you are bringing the bank with you wherever you go. You can manage at your own pace and there's nothing to worry when you carry it with you because just a click on your gadget or smartphone, you can access your account in bitcoin. Therefore, bitcoin is a must have instead of cash.
hero member
Activity: 1273
Merit: 507
June 04, 2017, 07:39:51 AM
Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Yeah clearly this is the reason why i have and use bitcoins instead of using real cash in purchasing online.Its tax free unlike real cash that taxes may go up to 20% of the price of the product you bought when they undergo in the customs specially here in philippines
If you buy goods abroad using bitcoin certainly will not be taxed. Maybe this can be applied in salary in every company. So you do not have to pay taxes for income lol


And also bitcoin is a great way to grow your money thru investment with either bitcoin alone or to other cryptocurrencies also who are doing well. There is also other way to grow your money with a significant amount that is thru trading though it needs enough knowledge and experience to be an effective one but still you can achieve that by giving time and effort to do so.
hero member
Activity: 1190
Merit: 500
June 04, 2017, 07:31:58 AM
Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Yeah clearly this is the reason why i have and use bitcoins instead of using real cash in purchasing online.Its tax free unlike real cash that taxes may go up to 20% of the price of the product you bought when they undergo in the customs specially here in philippines
If you buy goods abroad using bitcoin certainly will not be taxed. Maybe this can be applied in salary in every company. So you do not have to pay taxes for income lol
hero member
Activity: 966
Merit: 506
June 04, 2017, 05:38:20 AM
i hold bitcoin as my investment, with bitcoin i can mine them but not for cash i can not mine cash by machine
It is not the main reason those are trying to grab bitcoin in this time. bitcoin offer the easiest ways to send your money around the world and be your own bank to manage all of your economic through bitcoin itself.

That's a reason and other than this I haven't found anything that grows in value same as bitcoin. So for this reason I always hold the required amount for expenses in cash and the rest in the form of bitcoin. Hope the same thinking might be there with most users who have bitcoin instead of cash.

I think too many people are looking at this wrong.  For the moment, in the current state of distrust and lack of government control, it is not a matter of FIAT versus BTC.  It is more like two forms of payment that differ and can be used in different situations.  Right now, Bitcoin serves a purpose, with anonymity and other benefits that FIAT does not provide.  FIAT can be used places that BTC is not taken, both have their place for the moment.  
sr. member
Activity: 1666
Merit: 276
Vave.com - Crypto Casino
June 04, 2017, 01:32:28 AM
i hold bitcoin as my investment, with bitcoin i can mine them but not for cash i can not mine cash by machine
It is not the main reason those are trying to grab bitcoin in this time. bitcoin offer the easiest ways to send your money around the world and be your own bank to manage all of your economic through bitcoin itself.

That's a reason and other than this I haven't found anything that grows in value same as bitcoin. So for this reason I always hold the required amount for expenses in cash and the rest in the form of bitcoin. Hope the same thinking might be there with most users who have bitcoin instead of cash.
sr. member
Activity: 476
Merit: 250
June 03, 2017, 11:44:50 PM
Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Yeah clearly this is the reason why i have and use bitcoins instead of using real cash in purchasing online.Its tax free unlike real cash that taxes may go up to 20% of the price of the product you bought when they undergo in the customs specially here in philippines
I think you'll be taxed alike even if you buy goods using bitcoin. If you buy goods abroad and directly you will receive tax from customs

hero member
Activity: 1540
Merit: 507
June 03, 2017, 11:41:35 PM
i hold bitcoin as my investment, with bitcoin i can mine them but not for cash i can not mine cash by machine
It is not the main reason those are trying to grab bitcoin in this time. bitcoin offer the easiest ways to send your money around the world and be your own bank to manage all of your economic through bitcoin itself.
newbie
Activity: 53
Merit: 0
June 03, 2017, 11:06:06 PM
With Bitcoin you can pay online and even at some stores in some countries. But I still think that cash is easier to pay with and to gain. Cash just has been longer around and therefore more used.
hero member
Activity: 658
Merit: 500
June 03, 2017, 11:01:42 PM
i hold bitcoin as my investment, with bitcoin i can mine them but not for cash i can not mine cash by machine
legendary
Activity: 2058
Merit: 1015
June 03, 2017, 10:55:31 PM
In bitcoin there's a chance for you to earn more. For example if you're holding 1btc chance are the price will get higher. While if you're having $1500 in your pocket or bank. The interest you will get is less compared on what you can earn in holding your 1btc in a year. A big difference when it comes in growing just by keeping it.
full member
Activity: 203
Merit: 100
June 03, 2017, 10:33:13 PM
Because inside the bitcoin there is a great chance for you to earn substantial income in the future. Bitcoin is one of the reasons why it is better than cash because it is more transparent but safe and bitcoin can survive due to decentralization.
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