Topic: Why have Bitcoin instead of cash? - page 77. (Read 246169 times)
I would prefer cash if it is just simply holding it and spending, the reason is that cash can be used easily since all store accept it. But if we are talking about savings, i will rather use Bitcoin in terms of saving. So convert my money to Bitcoin and keep it for a long time. Only one reason here. It can increase in price several times than holding it as fiat that only depreciate value is an option.
Well it's a simple reason why I choose bitcoin instead of cash because of digital power of bitcoin, the faster capability itself on a particular transactions made made online. Cash transacations has nothing to do with advantages of digital world because computers were working for it and not manual execution done by a person who performed the task, compared with bitcoin having the fastest services through blockchain server provided.
And if simpler, it turns out that cash is easy to use. What kind of education does one need to have to use bitcoin to buy bread and milk?How many percent of the world's population are the old and the children? They will be able to use bitcoin with their knowledge, or old people need to be taught until they die. Stop suffering with mania. Bitcoin is a commodity or currency for a narrow circle of users who have knowledge, the Internet and education.
Well it's a simple reason why I choose bitcoin instead of cash because of digital power of bitcoin, the faster capability itself on a particular transactions made made online. Cash transacations has nothing to do with advantages of digital world because computers were working for it and not manual execution done by a person who performed the task, compared with bitcoin having the fastest services through blockchain server provided.
I rather have Bitcoin instead of cash because:
It is safer
It can't get robbed from them
It can't break
It can't fall out of your pocket
It is safer
It can't get robbed from them
It can't break
It can't fall out of your pocket
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.
You can't double your money in cash while bitcoin it is possibly double in the near future or in the coming years. You can earn a profit in cash if you invest it in other banks or investment companies but it's not advisable to do that. Risking your money is the hardest feeling that you can feel. I feel how to lose money.
1. As I've said earlier, you can't earn more profit in cash. It depends on what and which will you invest your money.
2. Fast transaction in terms of remittances.
Bitcoin is always better than cast according to me because-
1) It is easy to handle.
2) using it saves a lot of natural resources
Paper notes are made by cutting trees.
3) bitcoin is easy to access as compared to cash.
4) it helps us to maintain our privacy,
I.e - if we have cash in bulk govt can ask us for a justification
We can own as many as bitcoins we want nobody would question us.
5) last but not the least bitcoin are Decentralised where as fait currency is not.
The most fundamental of course bitcoin easier to handle because digital form. no matter how much you save your bitcoin. it will still be easy to carry or stored differently with cash 1) It is easy to handle.
2) using it saves a lot of natural resources
Paper notes are made by cutting trees.
3) bitcoin is easy to access as compared to cash.
4) it helps us to maintain our privacy,
I.e - if we have cash in bulk govt can ask us for a justification
We can own as many as bitcoins we want nobody would question us.
5) last but not the least bitcoin are Decentralised where as fait currency is not.
Bitcoin is always better than cast according to me because-
1) It is easy to handle.
2) using it saves a lot of natural resources
Paper notes are made by cutting trees.
3) bitcoin is easy to access as compared to cash.
4) it helps us to maintain our privacy,
I.e - if we have cash in bulk govt can ask us for a justification
We can own as many as bitcoins we want nobody would question us.
5) last but not the least bitcoin are Decentralised where as fait currency is not.
1) It is easy to handle.
2) using it saves a lot of natural resources
Paper notes are made by cutting trees.
3) bitcoin is easy to access as compared to cash.
4) it helps us to maintain our privacy,
I.e - if we have cash in bulk govt can ask us for a justification
We can own as many as bitcoins we want nobody would question us.
5) last but not the least bitcoin are Decentralised where as fait currency is not.
1. Only if you're tech savvy.
2. I wouldn't say "a lot" of natural resources since we chop down trees anyway when converting a forest into a workplace or a factory. The amount of trees chopped down to print out cash is far less than the amount of trees we chop down to earn fiat money.
3. Cash is much easier to access since it's offline and you can easily take it out of your pocket without having to log in, use 2FA, etc.
4. Only if nobody knows that you have tons of bitcoin and nobody knows what is your bitcoin address. You can still be traced.
Bitcoin is worth than cash. It has a big possibility to increase its price after 10 years and maybe it will doubled. Unlike cash, it is a very stable currency and you didn't earn on it for how many years when you save it. Bitcoin also is a key to our economy to be succeed because we import the bitcoin into our country by converting it not by rolling. And bitcoin also is better investment because many investor use this currency and thats why we choose bitcoin instead cash.
Priceless or not it depends on those who are interested. Indeed for now has a value of bitcoin far better than money, reasons bitcoin has value higher while money is only subject to the decision of the Government. But they were able to give a bad thing, when we are wrong using bitcoin. Because all the things that exist in the world also has a bad side, if we couldn't do well then the bad side which will be the dominant
Bitcoin is always better than cast according to me because-
1) It is easy to handle.
2) using it saves a lot of natural resources
Paper notes are made by cutting trees.
3) bitcoin is easy to access as compared to cash.
4) it helps us to maintain our privacy,
I.e - if we have cash in bulk govt can ask us for a justification
We can own as many as bitcoins we want nobody would question us.
5) last but not the least bitcoin are Decentralised where as fait currency is not.
I disagree with your statement a lot. Bitcoin is not easier to handle compared to Fiat currency, you have many issues with it one big one is the waiting time for your transaction to be confirmed. Also if Bitcoin is easier to access why does businesses still prefer the use of Fiat currency? Because Fiat currency is easier and most convenient to use compared to Bitcoin. 1) It is easy to handle.
2) using it saves a lot of natural resources
Paper notes are made by cutting trees.
3) bitcoin is easy to access as compared to cash.
4) it helps us to maintain our privacy,
I.e - if we have cash in bulk govt can ask us for a justification
We can own as many as bitcoins we want nobody would question us.
5) last but not the least bitcoin are Decentralised where as fait currency is not.
1. You can't get robbed from your Bitcoin
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
The most important is because it can be used wherever you are extremely flexible not complicated to use and store. if you have a lot of bitcoin you would not bother to keep it. different when it's in the form of cash2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
And you know in the end they are surrender to get more information about bitcoin and to start to use it.
A lot of advantage but at firstime bitcoin seemslike not commonpeople-friendly.
Yes. At first they are willing to learn when they see a lot of profit.
But in the middle of teaching them they start to get bored and somehow stops.
There is so much wasted time doing it and yet they will still surrender.
That happens to me a lot. I dont know why but I know to myself that I have done all to make it easier to understand and to make it more inviting. I guess there are just people who wants to profit faster but didn't know it doesn't work like that.
Bitcoin is always better than cast according to me because-
1) It is easy to handle.
2) using it saves a lot of natural resources
Paper notes are made by cutting trees.
3) bitcoin is easy to access as compared to cash.
4) it helps us to maintain our privacy,
I.e - if we have cash in bulk govt can ask us for a justification
We can own as many as bitcoins we want nobody would question us.
5) last but not the least bitcoin are Decentralised where as fait currency is not.
1) It is easy to handle.
2) using it saves a lot of natural resources
Paper notes are made by cutting trees.
3) bitcoin is easy to access as compared to cash.
4) it helps us to maintain our privacy,
I.e - if we have cash in bulk govt can ask us for a justification
We can own as many as bitcoins we want nobody would question us.
5) last but not the least bitcoin are Decentralised where as fait currency is not.
1. You can't get robbed from your Bitcoin
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
The most important is because it can be used wherever you are extremely flexible not complicated to use and store. if you have a lot of bitcoin you would not bother to keep it. different when it's in the form of cash2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
And you know in the end they are surrender to get more information about bitcoin and to start to use it.
A lot of advantage but at firstime bitcoin seemslike not commonpeople-friendly.
1. You can't get robbed from your Bitcoin
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
The most important is because it can be used wherever you are extremely flexible not complicated to use and store. if you have a lot of bitcoin you would not bother to keep it. different when it's in the form of cash2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
And you know in the end they are surrender to get more information about bitcoin and to start to use it.
A lot of advantage but at firstime bitcoin seemslike not commonpeople-friendly.
1. You can't get robbed from your Bitcoin
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
This might not be done to bitcoin but:
1. Your Bitcoin can be hacked thru malware and backdoor trojan
2. If your hardisk drive crashed and cant be recovered and you failed to extract the private key of your BTC you lost your Bitcoin
3. Scalability is unsolved
4. Massive dump of Bitcoin because of the unsolved issue.
There is always risk on everything, it is quite biased to just get the weakness of one subject and not the other one. Though I admit I would still choose Bitcoin because it is easier to transfer than money.
As long as you are careful, it is still OK to invest in bitcoin.
In real life things are the other way around
The only fiat that you can more or less universally use across the world is the US dollar (and Euro, to a certain degree). All other currencies have only local use. And surprisingly, anywhere else in the world (apart from their home countries), you will have to convert these currencies to another local currency (or the US dollars) to make use of them. Are you still going to say that Bitcoin doesn't cut it as a global currency and you would fare much better with some obscure currency like the Peruvian sol anywhere outside Peru?
1. You can't get robbed from your Bitcoin
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
The most important is because it can be used wherever you are extremely flexible not complicated to use and store. if you have a lot of bitcoin you would not bother to keep it. different when it's in the form of cash 2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
1. You can't get robbed from your Bitcoin
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
This might not be done to bitcoin but:
1. Your Bitcoin can be hacked thru malware and backdoor trojan
2. If your hardisk drive crashed and cant be recovered and you failed to extract the private key of your BTC you lost your Bitcoin
3. Scalability is unsolved
4. Massive dump of Bitcoin because of the unsolved issue.
There is always risk on everything, it is quite biased to just get the weakness of one subject and not the other one. Though I admit I would still choose Bitcoin because it is easier to transfer than money.
As long as you are careful, it is still OK to invest in bitcoin.
But still I use Bitcoin, why because the price is high and easy to convert it into fiat and easy to transfer money through Bitcoin no limit.
1. You can't get robbed from your Bitcoin
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
This might not be done to bitcoin but:
1. Your Bitcoin can be hacked thru malware and backdoor trojan
2. If your hardisk drive crashed and cant be recovered and you failed to extract the private key of your BTC you lost your Bitcoin
3. Scalability is unsolved
4. Massive dump of Bitcoin because of the unsolved issue.
There is always risk on everything, it is quite biased to just get the weakness of one subject and not the other one. Though I admit I would still choose Bitcoin because it is easier to transfer than money.
As long as you are careful, it is still OK to invest in bitcoin.
But still I use Bitcoin, why because the price is high and easy to convert it into fiat and easy to transfer money through Bitcoin no limit.
1. You can't get robbed from your Bitcoin
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
This might not be done to bitcoin but:
1. Your Bitcoin can be hacked thru malware and backdoor trojan
2. If your hardisk drive crashed and cant be recovered and you failed to extract the private key of your BTC you lost your Bitcoin
3. Scalability is unsolved
4. Massive dump of Bitcoin because of the unsolved issue.
There is always risk on everything, it is quite biased to just get the weakness of one subject and not the other one. Though I admit I would still choose Bitcoin because it is easier to transfer than money .
As long as you are careful, it is still OK to invest in bitcoin.
1. You can't get robbed from your Bitcoin
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
1. Yes, you can, in so many ways. Some say that making paper wallet or a desktop wallet is safe but your computer might be already infected far before you made a desktop wallet or a cold wallet. Some only use online wallet but online wallet sites are hot in the eyes of hacker since they know it holds a lot of money.
2. While that is true, you can't lose significant amount of cash by dropping it accidentally. You can only lose a penny or two but never thousands of dollars since you don't usually carry that much money. Most of our money are in the banks.
3. Read number 1.
4. This reason is not enough to switch from using cash to bitcoins. It is true but have you ever accidentally ripped a paper money? In my entire life, I haven't even made a slight cut on any paper money that came to me. Moreover, a ripped paper money can be replaced by a new one in the banks with no fees at all.
1. You can't get robbed from your Bitcoin
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
2. You can lose money by dropping it accidentally
3. Bitcoin is safer
4. Bitcoin can't rip like paper money
This might not be done to bitcoin but:
1. Your Bitcoin can be hacked thru malware and backdoor trojan
2. If your hardisk drive crashed and cant be recovered and you failed to extract the private key of your BTC you lost your Bitcoin
3. Scalability is unsolved
4. Massive dump of Bitcoin because of the unsolved issue.
There is always risk on everything, it is quite biased to just get the weakness of one subject and not the other one. Though I admit I would still choose Bitcoin because it is easier to transfer than money .
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