Why have Bitcoin instead of cash? - page 79.

wh04m1

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Quote from: FlightyPouch on February 19, 2017, 09:15:36 AM

Quote from: wh04m1 on February 18, 2017, 01:59:42 AM

I prefer bitcoin because I can shop fast and securely. But bitcoin, which is really important, is getting very fast. No other currency is increase in value . I am using bitcoin because it is a good investment tool.

Cash do not have these advantages.

I also prefer bitcoin over cash though the problem is, bitcoin is not that popular in our country and really a few stores only accept bitcoin. I also want to shop with bitcoins though the store that we go to do not accept bitcoin.
Right now I am just saving bitcoin for trading it in the next few years. Its price may hit a $2000. I can also change it to real money and use it to buy something useful, even a car.
Bitcoin has a fast transactions that why i really love bitcoins ober cash. If our country are just accepting bitcoin it may be really efficient for us users here.

Yes the price of bitcoin is constantly increasing. Everyone thinks it will be $ 2,000 at the end of 2017. But the price of bitcoin is constantly rising and falling.
The seller who accepts payments with bitcoin can make both profits and losses. Maybe it could be done like this. Payment is made with bitcoin. It is then immediately converted to the seller's local currency.
If done in this way, the price will not be affected by fluctuations.

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Quote from: wh04m1 on February 18, 2017, 01:59:42 AM

I prefer bitcoin because I can shop fast and securely. But bitcoin, which is really important, is getting very fast. No other currency is increase in value . I am using bitcoin because it is a good investment tool.

Cash do not have these advantages.

I also prefer bitcoin over cash though the problem is, bitcoin is not that popular in our country and really a few stores only accept bitcoin. I also want to shop with bitcoins though the store that we go to do not accept bitcoin.
Right now I am just saving bitcoin for trading it in the next few years. Its price may hit a $2000. I can also change it to real money and use it to buy something useful, even a car.
Bitcoin has a fast transactions that why i really love bitcoins ober cash. If our country are just accepting bitcoin it may be really efficient for us users here.

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Quote from: Theb on February 18, 2017, 10:07:03 PM

Quote from: Erza on February 18, 2017, 08:48:35 PM

Quote from: agamasrori on February 18, 2017, 12:01:29 AM

Quote from: Pro Gamers on February 17, 2017, 07:06:29 AM

i believe the first thing that comes into mind of someone is because bitcoin has a value and can be used to pay things. the second is that it is more convenient than going out with cash.

Yes I agree with you, going out with bitcoin is better because it is more practicaly to use, also we can avoid the inflation. the number of bitcoin demand is always higher than the existing supply. especially in the local market.

But still there is only some country that going to apply with this bitcoin technology so it still a way to go. Bitcoin always be lightned our things. We just need some wallet and internet to make sure our transaction is being processed but like I said before there is still much way to go for everyone to know bitcoin better. Although many people know its benefit they still can do much for it

I don't think that it is more convenient going out with Bitcoin to the fact that it is not accepted by all. How can it be convenient if only a few businesses accept Bitcoin? For Bitcoin to have full use it needs to be converted to Fiat which has more function than any currency out there. Maybe Bitcoin can win in terms of online shopping but it needs to be more than that.

Exactly, because if you would think over, bitcoin is just a substitute or a means to make transaction faster based on our expectation but it's not powerful or popular than real money. We know how strong real money is, people have used it for many years and we expect it to be replace by the new bitcoin who is not even fully regulated yet.

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Quote from: Erza on February 18, 2017, 08:48:35 PM

Quote from: agamasrori on February 18, 2017, 12:01:29 AM

Quote from: Pro Gamers on February 17, 2017, 07:06:29 AM

i believe the first thing that comes into mind of someone is because bitcoin has a value and can be used to pay things. the second is that it is more convenient than going out with cash.

Yes I agree with you, going out with bitcoin is better because it is more practicaly to use, also we can avoid the inflation. the number of bitcoin demand is always higher than the existing supply. especially in the local market.

But still there is only some country that going to apply with this bitcoin technology so it still a way to go. Bitcoin always be lightned our things. We just need some wallet and internet to make sure our transaction is being processed but like I said before there is still much way to go for everyone to know bitcoin better. Although many people know its benefit they still can do much for it

I don't think that it is more convenient going out with Bitcoin to the fact that it is not accepted by all. How can it be convenient if only a few businesses accept Bitcoin? For Bitcoin to have full use it needs to be converted to Fiat which has more function than any currency out there. Maybe Bitcoin can win in terms of online shopping but it needs to be more than that.

Erza

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Quote from: agamasrori on February 18, 2017, 12:01:29 AM

Quote from: Pro Gamers on February 17, 2017, 07:06:29 AM

i believe the first thing that comes into mind of someone is because bitcoin has a value and can be used to pay things. the second is that it is more convenient than going out with cash.

Yes I agree with you, going out with bitcoin is better because it is more practicaly to use, also we can avoid the inflation. the number of bitcoin demand is always higher than the existing supply. especially in the local market.

But still there is only some country that going to apply with this bitcoin technology so it still a way to go. Bitcoin always be lightned our things. We just need some wallet and internet to make sure our transaction is being processed but like I said before there is still much way to go for everyone to know bitcoin better. Although many people know its benefit they still can do much for it

bitbob82

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Quote from: Eodguy149 on February 18, 2017, 04:32:33 AM

I honestly don't think it will. Just like gold will never replace cash. I see it as a store of value until it solves its scaling issue. Even then I see its unique value proposition being more of a store of value than a Visa killer.

yes that is looking difficult but i think it can at least reduce the use of fiat. if people will start giving preference to bitcoin so the use of fiat will reduce. and in fact the new generation is already engage to online shopping and so many other business.

Eodguy149

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I honestly don't think it will. Just like gold will never replace cash. I see it as a store of value until it solves its scaling issue. Even then I see its unique value proposition being more of a store of value than a Visa killer.

lienfaye

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Quote from: bitbob82 on February 18, 2017, 02:09:47 AM

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Quote from: agamasrori on February 18, 2017, 12:01:29 AM

Quote from: Pro Gamers on February 17, 2017, 07:06:29 AM

i believe the first thing that comes into mind of someone is because bitcoin has a value and can be used to pay things. the second is that it is more convenient than going out with cash.

Yes I agree with you, going out with bitcoin is better because it is more practicaly to use, also we can avoid the inflation. the number of bitcoin demand is always higher than the existing supply. especially in the local market.

Another thing is that bitcoin is a good investment and we can use it easily and conveniently. And instead of using cash we can use it for different things but the fact is that many countries are still not fully adopting bitcoin so we don't have choice but to keep on using cash and bitcoin at the same time.

yes there is no doubt about it that the use of bitcoin is very easy as compare to fiat currency. you need only your mobile and internet connection and you can use any amount of bitcoin from any where in the world.

Yeah it can be use in transacting online and what i like about it is the process of sending money is fast and has low fee. btc is also an investment and can grow even just its in your wallet, you just need to monitor the price.

bitbob82

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Quote from: agamasrori on February 18, 2017, 12:01:29 AM

Quote from: Pro Gamers on February 17, 2017, 07:06:29 AM

i believe the first thing that comes into mind of someone is because bitcoin has a value and can be used to pay things. the second is that it is more convenient than going out with cash.

Yes I agree with you, going out with bitcoin is better because it is more practicaly to use, also we can avoid the inflation. the number of bitcoin demand is always higher than the existing supply. especially in the local market.

Another thing is that bitcoin is a good investment and we can use it easily and conveniently. And instead of using cash we can use it for different things but the fact is that many countries are still not fully adopting bitcoin so we don't have choice but to keep on using cash and bitcoin at the same time.

yes there is no doubt about it that the use of bitcoin is very easy as compare to fiat currency. you need only your mobile and internet connection and you can use any amount of bitcoin from any where in the world.

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Quote from: bncbnc on February 17, 2017, 01:34:02 PM

Quote from: Babayega31 on February 12, 2017, 06:45:06 PM

Bitcoin has more advantages rather than cash in terms of transactions of money transfer, it has fast services offered instead of fiat cash. But the whole worlds population was still using fiat cash currency and its very popular by people who spend most of fiat cash, I would rather prefer bitcoin if we have an option using it in the future.

yes that is a fact and as now people are using online services for shopping and so many other options and therefore people are giving preference to bitcoin instead of cash. either they are using it for online shopping or for gambling and for so many other purposes but i think bitcoin is the best option.

Honestly for now, the main thing that attracts me to use bitcoin is because I am able to gamble regularly at a very cheap transfer fee. Every time I need to reload my wallet, I do not have to spend big fees and that is fast so I can make use of my time properly to enjoy more. More so, as people are very optimistic with the future of bitcoin, I was also attract to invest and in fact have plan to hold it longer.

wh04m1

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I prefer bitcoin because I can shop fast and securely. But bitcoin, which is really important, is getting very fast. No other currency is increase in value . I am using bitcoin because it is a good investment tool.

Cash do not have these advantages.

coynedterm

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Actually it depends all upon you that how much you are liking to pay with particular money .
If you found bitcoin and thinking that payment with bitcoin is a best way of payment then in your mind view payment in bitcoin is best then cash .
But Herr another factor to not to pay in cash is also , Suppose you made earning of 0.1btc if you will transfer your bitcoin to anyone then it will took charge but if you you sell it for cash then the person who will buy bitcoin will charge more than for the transaction charge , In this way with the direct payment with bitcoin you saved much than from cash .

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Quote from: ?? on ??

Quote from: agamasrori on February 18, 2017, 12:01:29 AM

Quote from: Pro Gamers on February 17, 2017, 07:06:29 AM

i believe the first thing that comes into mind of someone is because bitcoin has a value and can be used to pay things. the second is that it is more convenient than going out with cash.

Yes I agree with you, going out with bitcoin is better because it is more practicaly to use, also we can avoid the inflation. the number of bitcoin demand is always higher than the existing supply. especially in the local market.

Another thing is that bitcoin is a good investment and we can use it easily and conveniently. And instead of using cash we can use it for different things but the fact is that many countries are still not fully adopting bitcoin so we don't have choice but to keep on using cash and bitcoin at the same time.

Even if they adopt, we are still gonna use cash, not all the time we can transact with people who has a knowledge about bitcoin and with massive adoption to happen in the future, still it will not attract majority of the worlds population. Let's be practical and use what the government told us to use, bitcoin is a bigger threat to them when it grows bigger so not gonna happen the progress will be as good as cash or real money.

agamasrori

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Quote from: Pro Gamers on February 17, 2017, 07:06:29 AM

i believe the first thing that comes into mind of someone is because bitcoin has a value and can be used to pay things. the second is that it is more convenient than going out with cash.

Yes I agree with you, going out with bitcoin is better because it is more practicaly to use, also we can avoid the inflation. the number of bitcoin demand is always higher than the existing supply. especially in the local market.

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Quote from: webtricks on February 13, 2017, 09:33:45 AM

--snip--

Yeah! Security is one of the great reason but not the most prominent ones. It is indeed possible to secure any type of money if corrective measures are taken! But still Bitcoin has clear edge over cash in sense of anonymity offer, decentralized (no boss, I am the owner of my money) and low fees. Such features define Bitcoin as newest form of money.

I agree with most; but the anonymity unfortunately is not one of the features that may have the bitcoin and usually people they refer to it as 'pseudonymous'. Of course anyone can use some different and known ways like as different addresses for each transaction or a bitcoin mixer, if he trusts one of them, in order to stay anonymous but in general is not an easy task.

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Quote from: Babayega31 on February 12, 2017, 06:45:06 PM

Bitcoin has more advantages rather than cash in terms of transactions of money transfer, it has fast services offered instead of fiat cash. But the whole worlds population was still using fiat cash currency and its very popular by people who spend most of fiat cash, I would rather prefer bitcoin if we have an option using it in the future.

yes that is a fact and as now people are using online services for shopping and so many other options and therefore people are giving preference to bitcoin instead of cash. either they are using it for online shopping or for gambling and for so many other purposes but i think bitcoin is the best option.

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Quote from: ChronoLite on February 17, 2017, 08:01:47 AM

Quote from: Etaurith on February 17, 2017, 06:54:03 AM

Because Bitcoin is safer then cash.
You can't get robbed from your Bitcoin.

No. You ever heard about Bitfinex got hacked and more than BTC20.000 gone? . Either Bitcoin and Cash have a chance for get robbed and hacked. For avoid this we must increase our security, at least you have some protection.

Yes, you are right, the danger is everywhere.
Fraudsters can take your wallet, and hackers to hack your account.
You should always be careful.

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Quote from: ChronoLite on February 17, 2017, 08:01:47 AM

Quote from: Etaurith on February 17, 2017, 06:54:03 AM

Because Bitcoin is safer then cash.
You can't get robbed from your Bitcoin.

No. You ever heard about Bitfinex got hacked and more than BTC20.000 gone? . Either Bitcoin and Cash have a chance for get robbed and hacked. For avoid this we must increase our security, at least you have some protection.

There's no "some protection" other than the antiVirus that you have on your computer. It would be much better if you're not going to save your private keys or your seeds electronically. You should just write it down on a paper.

I think what's better to say is that you can't get your bitcoins robbed/hacked if it weren't in an online wallet. Using an online wallet would mean risking your coins. Hackers might not be targeting you in particular, but the exchanger site or the online wallet site that you've been using might be their next target. You'll never know.

But again even if your private keys or your seeds are just written down on a paper, you can still get robbed if someone finds it. In other words, there would always be a chance of you getting robbed simply because your private keys is saved/written somewhere in this world.

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Quote from: Etaurith on February 17, 2017, 06:54:03 AM

Because Bitcoin is safer then cash.
You can't get robbed from your Bitcoin.

No. You ever heard about Bitfinex got hacked and more than BTC20.000 gone? . Either Bitcoin and Cash have a chance for get robbed and hacked. For avoid this we must increase our security, at least you have some protection.

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i believe the first thing that comes into mind of someone is because bitcoin has a value and can be used to pay things. the second is that it is more convenient than going out with cash.

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