You can do more with bitcoin such as send it anywhere around the world almost instantly, you can easily make online purchases, and you can store the bitcoin safely. Another big benefit of bitcoin is that it should increase in value since there is a limited number of bitcoins that will be mined.
Yes true, with bitcoin we can do more things than cash, cash only we use to buy stuff that looks, whereas with bitcoin can we be trading, investing and speculation for get profit.
Topic: Why have Bitcoin instead of cash? - page 69. (Read 246169 times)
Because bitcoin is easy to use especially in out transaction and pay our billings, its more safe to keep than of cash. And its better to and any kind of cash. No worry to carry and hold, for example to pay our expenses just we need only an internet access. In bitcoin we can control to spends and we save more and we can make many bitcoins.
Yeah, if anyone have only internet access than nothing problem to use bitcoin in any where. I have praise of bitcoin too much and now still i am praising of bitcoin, Because i never see anything best to use like bitcoin especially for currency wise.
Because bitcoin is easy to use especially in out transaction and pay our billings, its more safe to keep than of cash. And its better to and any kind of cash. No worry to carry and hold, for example to pay our expenses just we need only an internet access. In bitcoin we can control to spends and we save more and we can make many bitcoins.
But those advantages also comes with a drawback (disadvantage). Bitcoin relies on the Internet so the lack of Internet connection will make you unable to use your money. Another thing, you have to secure your private keys. If your computer is infected by a computer virus when you created your desktop wallet, then your coins are in the verge of getting stolen.
We still base the prices of products in fiat so the volatility of bitcoin can still be a disadvantage to you. When the price of bitcoin decrease, you're actually losing money. I know that 1BTC would still be 1BTC but that's not how we look at bitcoins. We look at bitcoins depending on its price, at least for now.
Because bitcoin is easy to use especially in out transaction and pay our billings, its more safe to keep than of cash. And its better to and any kind of cash. No worry to carry and hold, for example to pay our expenses just we need only an internet access. In bitcoin we can control to spends and we save more and we can make many bitcoins.
Bitcoin instead of cash, because bitcoin digital currency is calculated by kriptograpi using the Internet network.
If your friend why you choose to use bitcoin payment for bitcoin can be exchanged for cash in the market and could see mendapata profit if the market price has risen.
Here's my point selection
2) Bitcoins are a potential investment, cash is not. Paper currencies just really go down in value, Bitcoins have a lot of potential to be worth more over time.
If your friend why you choose to use bitcoin payment for bitcoin can be exchanged for cash in the market and could see mendapata profit if the market price has risen.
Here's my point selection
2) Bitcoins are a potential investment, cash is not. Paper currencies just really go down in value, Bitcoins have a lot of potential to be worth more over time.
BTC is easier to transport than fiat. it is also more spendable than most currencies (except for dollar, I believe) when you are traveling abroad. with the help of a prepaid credit card, you can have new coins (exchanged to the dollar or another currency) within 2 hours range (wich is much faster than a wire transfer).
Sometimes transactions for a long time remain unconfirmed. Especially when the network is overloaded. Therefore, it is not always convenient to use bitcoins. But all the same I really like to use cryptocurrency. It provides complete anonymity
In some point I agree with you, the transaction delay is not that good in bitcoin because we do not want a delay
right? But then the feature of bitcoin is so great to compare to it in cash or fiat, the usage of bitcoin like the anonymity and secureness of the users are just awesome.Maybe this question should be changed to: "Why have a cryptocurrency instead of cash"? Most of us know that BTC has some gaps that are been dealt with by altcoins. The network capacity to process a huge amount of transactions is one example or even the confirmation time.
Right, but bitcoin is still the go to cryptocurrency right now, so the title may still remain. Even when the network is plagued with a very high confirmation time, the price still keeps pushing up. Maybe that is why it is good to have bitcoin right now, investment wise.
Why this bitcoin is not in the form of money because the most precious gold is invisible to the eye.
We know that gold is not that good enough if you are going to invest in gold people are choosing the right choose which is bitcoin , if they had money they can turn it into bitcoin anytime even they will hold that for long they can still gain profit.investing with it is because they want to grow their money fast, if you have a big amount of money and you do not want to take
risk, go with gold but if you are willing bitcoin is for you.
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 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 better than paper currency in many ways because bitcoin increases value every time even though there's some little fluctuations based on the market while paper money stays the same all the time! Paper money might even depreciates when the inflation increases in price of commodities.
Bitcoin is far batter than the traditional money because it has no boundaries or any international laws regulating bitcoin unlike the traditional paper money which is acceptable only in your country and controlled by banks and government which is bad! Government and bank monitor your account activities and they got eyes on you, which you don't actually have a privacy over.
BTC is easier to transport than fiat. it is also more spendable than most currencies (except for dollar, I believe) when you are traveling abroad. with the help of a prepaid credit card, you can have new coins (exchanged to the dollar or another currency) within 2 hours range (wich is much faster than a wire transfer).
Sometimes transactions for a long time remain unconfirmed. Especially when the network is overloaded. Therefore, it is not always convenient to use bitcoins. But all the same I really like to use cryptocurrency. It provides complete anonymity
In some point I agree with you, the transaction delay is not that good in bitcoin because we do not want a delay
right? But then the feature of bitcoin is so great to compare to it in cash or fiat, the usage of bitcoin like the anonymity and secureness of the users are just awesomeAs the saying goes, one leg of mutton helps down another
While the features that Bitcoin already has are good, there is still plenty of room for further development and improvement. On the other hand, the only true yardstick of success is popularity, and in this regard Bitcoin still has a lot of unrealized potential (figuratively speaking). It is almost non-existent in real trading which involves exchange of goods and services, and the primary reason for this drawback is the lack of Bitcoin scalability while the fix is just around the corner. Without real scalability Bitcoin is set to remain only a marginal currency (if it could be called that at all)
Why this bitcoin is not in the form of money because the most precious gold is invisible to the eye.
We know that gold is not that good enough if you are going to invest in gold people are choosing the right choose which is bitcoin , if they had money they can turn it into bitcoin anytime even they will hold that for long they can still gain profit. 
Maybe this question should be changed to: "Why have a cryptocurrency instead of cash"? Most of us know that BTC has some gaps that are been dealt with by altcoins. The network capacity to process a huge amount of transactions is one example or even the confirmation time.
This thread was created last 2015 and during that time altcoins are not that strong yet, it is just recently when we see major altcoins like ETH and DASH are getting a good value along with the increase of price of bitcoin. If you summarize it, when alts are getting the success, bitcoins gets more of it also.Certainly do. Circulation is at its best when users try to buy altcoins they use bitcoin. Then what happens?
The trading websites are keeping it making more demands to the market. Remember, when a large amount of bitcoin is being held then the value of it just keeps rising.
What else? Shitcoins. Those who have bought it using bitcoins then will just vanish. Where are those coins now? The owner of that shitcoin have it and maybe they are also holding it.
Why this bitcoin is not in the form of money because the most precious gold is invisible to the eye.
Maybe this question should be changed to: "Why have a cryptocurrency instead of cash"? Most of us know that BTC has some gaps that are been dealt with by altcoins. The network capacity to process a huge amount of transactions is one example or even the confirmation time.
This thread was created last 2015 and during that time altcoins are not that strong yet, it is just recently when we see major altcoins like ETH and DASH are getting a good value along with the increase of price of bitcoin. If you summarize it, when alts are getting the success, bitcoins gets more of it also.
Maybe this question should be changed to: "Why have a cryptocurrency instead of cash"? Most of us know that BTC has some gaps that are been dealt with by altcoins. The network capacity to process a huge amount of transactions is one example or even the confirmation time.
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 the use of bitcoin you can get a discount when you use it for payment. Bitcoin is much better than in bitcoin better it is fast, you can use it for online gambling and online shopping so that it is not hassle to every one. Then with the use of bitcoin you can consume it not only in our country but also in international transaction. It is also have a security that you are only can access on you wallet."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.
BTC is easier to transport than fiat. it is also more spendable than most currencies (except for dollar, I believe) when you are traveling abroad. with the help of a prepaid credit card, you can have new coins (exchanged to the dollar or another currency) within 2 hours range (wich is much faster than a wire transfer).
Sometimes transactions for a long time remain unconfirmed. Especially when the network is overloaded. Therefore, it is not always convenient to use bitcoins. But all the same I really like to use cryptocurrency. It provides complete anonymity
In some point I agree with you, the transaction delay is not that good in bitcoin because we do not want a delay
right? But then the feature of bitcoin is so great to compare to it in cash or fiat, the usage of bitcoin like the anonymity and secureness of the users are just awesome.BTC is easier to transport than fiat. it is also more spendable than most currencies (except for dollar, I believe) when you are traveling abroad. with the help of a prepaid credit card, you can have new coins (exchanged to the dollar or another currency) within 2 hours range (wich is much faster than a wire transfer).
Sometimes transactions for a long time remain unconfirmed. Especially when the network is overloaded. Therefore, it is not always convenient to use bitcoins. But all the same I really like to use cryptocurrency. It provides complete anonymity
In some point I agree with you, the transaction delay is not that good in bitcoin because we do not want a delay
right? But then the feature of bitcoin is so great to compare to it in cash or fiat, the usage of bitcoin like the anonymity and secureness of the users are just awesome.
BTC is easier to transport than fiat. it is also more spendable than most currencies (except for dollar, I believe) when you are traveling abroad. with the help of a prepaid credit card, you can have new coins (exchanged to the dollar or another currency) within 2 hours range (wich is much faster than a wire transfer).
Sometimes transactions for a long time remain unconfirmed. Especially when the network is overloaded. Therefore, it is not always convenient to use bitcoins. But all the same I really like to use cryptocurrency. It provides complete anonymity
In some point I agree with you, the transaction delay is not that good in bitcoin because we do not want a delay
right? But then the feature of bitcoin is so great to compare to it in cash or fiat, the usage of bitcoin like the anonymity and secureness of the users are just awesome. Why have bicoins instead of cash?ofcourse for the opportunity to grow your real money on bitcoins.Making an investment in bitcoins will be profitable, and i see bitcoins more safer storage of wealth next to gold.Bitcoins is like the gold of cryptocurrency
Yeah we are in the new age and bitcoin can be considered as the new era of gold or should I say digital gold. And with cash, you can't grow it by just simply storing it somewhere or even in the bank, it may grow there but that's a little growth or you'll receive cents from your cash. But in bitcoin, the growth is very fast, you can earn even higher amount on it.
Because instead of depositing it to the bank they might earn only 3-4% annually. But in bitcoin we can see the progress each day and the price is keep on increasing, that's why many are treating this as their main and best investment. And as the market cap keeps on increasing, the chances of making it's price higher will ever be possible.
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