Why have Bitcoin instead of cash? - page 83.

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Quote from: agamasrori on February 06, 2017, 10:20:25 PM

Quote from: bravehearth0319 on February 05, 2017, 10:47:19 AM

Here is the difference:

-Cash-

1. Easy to steal
2. The value is fixed amount
3. Is not an investment
4. It's not an asset
5. Before you earn it you need to work it first to your boss
6. Unsafe/unsecured

-Bitcoin-

1. Very secured/ safety
2. Easy to use
3. Its an investment
4. Its an assets
5. It's an opportunity
6. It's your business
7. anonymous
8. Decentralized
9. Flexible
10. The value increase
11. It gives financial freedom
12. Passive income

This is the reason why I chose Bitcoin rather than cash.

I want to add some extra about why I prefer bitcoin than on paper money, because in practice the advantages of using bitcoin more.
for example: our hands will not be exposed to germs from other people and has no weight because we can store them online.

Paper money or fiat money might not be entirely clean but I haven't seen someone around got sick because he held money. Maybe if someone swallowed a coin, then there would be problems. Like how can the germs even go inside you? Only thing I can think of is through your mouth since your hands are used for eating. But who's unsanitary enough to never wash their hands before eating while being aware that they held different coins from different people?

I don't think that's a factor that would make people prefer having bitcoin instead of cash but it's a slight advantage, I guess.

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Quote from: bravehearth0319 on February 05, 2017, 10:47:19 AM

Here is the difference:

-Cash-

1. Easy to steal
2. The value is fixed amount
3. Is not an investment
4. It's not an asset
5. Before you earn it you need to work it first to your boss
6. Unsafe/unsecured

-Bitcoin-

1. Very secured/ safety
2. Easy to use
3. Its an investment
4. Its an assets
5. It's an opportunity
6. It's your business
7. anonymous
8. Decentralized
9. Flexible
10. The value increase
11. It gives financial freedom
12. Passive income

This is the reason why I chose Bitcoin rather than cash.

I want to add some extra about why I prefer bitcoin than on paper money, because in practice the advantages of using bitcoin more.
for example: our hands will not be exposed to germs from other people and has no weight because we can store them online.

Osarman

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Quote from: rizkyhiw on February 06, 2017, 12:48:43 AM

Quote from: Vikash kumar on February 05, 2017, 04:58:25 AM

Bitcoin is more security full than cash because cash is known by everyone
while bitcoin or gold coin is unknown it remains also free from customs. So we should store bitcoin instead of cash.

Also when cash make you cannot trade online around the world , bitcoin can do it in easier way
Bitcoin is the perfect currency for future, when cash will be outdated
Cash makes you losing value in long term but bitcoin makes you having more value time to time.

yeah you are right that we can trade with bitcoin around the world and bitcoin is really a perfect and future currency and bitcoin value rising everyday so we can says that bitcoin is very profitable currency.

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Im using bitcoins to store my savings, in the general, i am using some altcoins to store btc as well some ammount applied into bitcoin as well, bitcoins grows more then if i let my savings at bank besides those the huge potencial to get better price does make it an atractive investment.

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Quote from: Vikash kumar on February 05, 2017, 04:58:25 AM

Bitcoin is more security full than cash because cash is known by everyone
while bitcoin or gold coin is unknown it remains also free from customs. So we should store bitcoin instead of cash.

Also when cash make you cannot trade online around the world , bitcoin can do it in easier way
Bitcoin is the perfect currency for future, when cash will be outdated
Cash makes you losing value in long term but bitcoin makes you having more value time to time.

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Quote from: NEWGOODOUBLE on February 05, 2017, 08:15:00 PM

Quote from: bncbnc on February 05, 2017, 07:46:42 PM

Quote from: Vikash kumar on February 05, 2017, 04:58:25 AM

Bitcoin is more security full than cash because cash is known by everyone
while bitcoin or gold coin is unknown it remains also free from customs. So we should store bitcoin instead of cash.

i think there is nothing wrong with cash but now the demand and trend of the people is changing, now people are giving preference to online shopping therefore people interest is also increasing in bitcoin as compare to cash.

I think the form of cash is no longer popular, the more you love something as flexible as digital money. so that's why bitcoin virtual or digital form. because according to the needs and desires of the times

Cash in digital and paper money form must exist, there's no chance it will be vanish and replace with something like a crypto currencies. Imagine how big the network for digital fiat currency and paper money, these people are using it for a simply reason, it's government regular and not hard to understand.

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Quote from: bncbnc on February 05, 2017, 07:46:42 PM

Quote from: Vikash kumar on February 05, 2017, 04:58:25 AM

Bitcoin is more security full than cash because cash is known by everyone
while bitcoin or gold coin is unknown it remains also free from customs. So we should store bitcoin instead of cash.

i think there is nothing wrong with cash but now the demand and trend of the people is changing, now people are giving preference to online shopping therefore people interest is also increasing in bitcoin as compare to cash.

I think the form of cash is no longer popular, the more you love something as flexible as digital money. so that's why bitcoin virtual or digital form. because according to the needs and desires of the times

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Quote from: Vikash kumar on February 05, 2017, 04:58:25 AM

Bitcoin is more security full than cash because cash is known by everyone
while bitcoin or gold coin is unknown it remains also free from customs. So we should store bitcoin instead of cash.

i think there is nothing wrong with cash but now the demand and trend of the people is changing, now people are giving preference to online shopping therefore people interest is also increasing in bitcoin as compare to cash.

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Quote from: agamasrori on February 03, 2017, 10:26:15 PM

Quote from: doaremon on February 03, 2017, 12:21:01 PM

Bitcoin is more safe to carry a lot of amount than money.Besides carrying this is much hastle free and easy to transfer.If every store and shop starts accepting bitcoin people won't carry cash more Grin

But spreading the idea of this kind of exchange can help this process a lot. Many people still don't know a word about bitcoin.Afterall it takes time to eshtablish a new way among general people.

I agree with you. bitcoin more convenient than cash. especially when transactions are carried out require change. if you do not have any money with small nominal would be more difficult if the seller must give change money.

yes bitcoin is more convenient than cash but in those places where the facilities of bitcoin are available where people can use bitcoin in their local shops for buying stuff and doing other shopping. but i think in most of the places such facilities are not available.

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Quote from: Viscore on February 03, 2017, 09:06:44 PM

Quote from: susila_bai on February 03, 2017, 02:31:13 PM

Quote from: sukamasoto on February 03, 2017, 12:40:56 PM

Depend on what purpose do you want to hold bitcoin.

Let say if you want to transfer globally for your family from Asia to Europe Zone, with cash usually people use WU service that charge quite high fee but if we send them with bitcoin which faster transaction and lowest fee compare cash/fiat

But in this case the received should know about bitcoin and how to claim if not how will they going to claim the bitcoins. So still their are some work which has to be done through cash only.

Of course, otherwise it won't work. Both parties should be educated and not just the sender, actually it's easy to educate someone about bitcoin if he is a member of your family, they will understand it easily because they trust you.

yes learning about bitcoin is not such a difficult job i think one can learn about bitcoin how to buy or sell or even how to use it for transaction. i think one can learn all these thing in few days. because there is not such a technical thing i bitcoin to learn or practice.

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Quote from: X-ray on February 05, 2017, 05:01:55 AM

Quote from: Vikash kumar on February 05, 2017, 04:58:25 AM

Bitcoin is more security full than cash because cash is known by everyone
while bitcoin or gold coin is unknown it remains also free from customs. So we should store bitcoin instead of cash.

who said gold is unknown? even if you're living in the 3rd world country which have really poor citizen and barely touching technology they're all know what is gold, gold already popular since centuries ago.
Gold is already known everywhere.

Yes, gold is well known all over the world. But they pay for goods and services difficult. But Bitcoins you can pay for some goods and services. It is very good. Using Bitcoin becomes very convenient

bravehearth0319

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Here is the difference:

-Cash-

1. Easy to steal
2. The value is fixed amount
3. Is not an investment
4. It's not an asset
5. Before you earn it you need to work it first to your boss
6. Unsafe/unsecured

-Bitcoin-

1. Very secured/ safety
2. Easy to use
3. Its an investment
4. Its an assets
5. It's an opportunity
6. It's your business
7. anonymous
8. Decentralized
9. Flexible
10. The value increase
11. It gives financial freedom
12. Passive income

This is the reason why I chose Bitcoin rather than cash.

X-ray

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Quote from: Vikash kumar on February 05, 2017, 04:58:25 AM

Bitcoin is more security full than cash because cash is known by everyone
while bitcoin or gold coin is unknown it remains also free from customs. So we should store bitcoin instead of cash.

who said gold is unknown? even if you're living in the 3rd world country which have really poor citizen and barely touching technology they're all know what is gold, gold already popular since centuries ago.
Gold is already known everywhere.

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Bitcoin is more security full than cash because cash is known by everyone
while bitcoin or gold coin is unknown it remains also free from customs. So we should store bitcoin instead of cash.

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Quote from: Pettuh4 on February 04, 2017, 03:52:46 AM

Bitcoin and my local fiat indeed complement each other but there are times when Bitcoin stands tall that I prefer it over my fiat. It's like I own my own banks and have the keys and can decide when to close the vault and when to open it. It gives me that liberty of access and security that I don't have to pay for unlike the fiat.

It is really great that Bitcoin is a part of your currency system. I have the same thought like you. Not like fiat, we can easily control our Bitcoin through our wallet and moreoever, we do not have to pay tax while using Bitcoin. In general, Bitcoin is better than FIAT in many aspects and if the world accepts it, the Earth will become greater

Pettuh4

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Bitcoin and my local fiat indeed complement each other but there are times when Bitcoin stands tall that I prefer it over my fiat. It's like I own my own banks and have the keys and can decide when to close the vault and when to open it. It gives me that liberty of access and security that I don't have to pay for unlike the fiat.

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Quote from: hurain on February 04, 2017, 01:31:22 AM

Quote from: agamasrori on February 03, 2017, 10:26:15 PM

Quote from: doaremon on February 03, 2017, 12:21:01 PM

Bitcoin is more safe to carry a lot of amount than money.Besides carrying this is much hastle free and easy to transfer.If every store and shop starts accepting bitcoin people won't carry cash more Grin

But spreading the idea of this kind of exchange can help this process a lot. Many people still don't know a word about bitcoin.Afterall it takes time to eshtablish a new way among general people.

I agree with you. bitcoin more convenient than cash. especially when transactions are carried out require change. if you do not have any money with small nominal would be more difficult if the seller must give change money.

yes bitcoin is convenient but for online purposes, as through bitcoin it is now become very easy to do online shopping. big shops are now providing opportunities to use bitcoin for any kind of shopping. while in local shops in most of the place the facilities of bitcoin to be use for shopping are not available may be because of little number of bitcoin users. but it is expected that when the number of bitcoin users will increase then the facilities of bitcoin to be use in local shops will also increase.

Bitcoin is starting to rule on the online digital currency, we are growing and the growth is consistent, in the future we shall take over and we can see there are more people who will be adopting and it would be easy for us transaction regardless of our location.

This should happened and we have to make that happen.

We choose between the two depending on the situation but I believe this two can be both better if they co-exist, cash is important for all of us while bitcoin is still new that could fall when investors loses their trust.

hurain

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Quote from: agamasrori on February 03, 2017, 10:26:15 PM

Quote from: doaremon on February 03, 2017, 12:21:01 PM

Bitcoin is more safe to carry a lot of amount than money.Besides carrying this is much hastle free and easy to transfer.If every store and shop starts accepting bitcoin people won't carry cash more Grin

But spreading the idea of this kind of exchange can help this process a lot. Many people still don't know a word about bitcoin.Afterall it takes time to eshtablish a new way among general people.

I agree with you. bitcoin more convenient than cash. especially when transactions are carried out require change. if you do not have any money with small nominal would be more difficult if the seller must give change money.

yes bitcoin is convenient but for online purposes, as through bitcoin it is now become very easy to do online shopping. big shops are now providing opportunities to use bitcoin for any kind of shopping. while in local shops in most of the place the facilities of bitcoin to be use for shopping are not available may be because of little number of bitcoin users. but it is expected that when the number of bitcoin users will increase then the facilities of bitcoin to be use in local shops will also increase.

agamasrori

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Quote from: doaremon on February 03, 2017, 12:21:01 PM

Bitcoin is more safe to carry a lot of amount than money.Besides carrying this is much hastle free and easy to transfer.If every store and shop starts accepting bitcoin people won't carry cash more Grin

But spreading the idea of this kind of exchange can help this process a lot. Many people still don't know a word about bitcoin.Afterall it takes time to eshtablish a new way among general people.

I agree with you. bitcoin more convenient than cash. especially when transactions are carried out require change. if you do not have any money with small nominal would be more difficult if the seller must give change money.

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Quote from: susila_bai on February 03, 2017, 02:31:13 PM

Quote from: sukamasoto on February 03, 2017, 12:40:56 PM

Depend on what purpose do you want to hold bitcoin.

Let say if you want to transfer globally for your family from Asia to Europe Zone, with cash usually people use WU service that charge quite high fee but if we send them with bitcoin which faster transaction and lowest fee compare cash/fiat

But in this case the received should know about bitcoin and how to claim if not how will they going to claim the bitcoins. So still their are some work which has to be done through cash only.

Of course, otherwise it won't work. Both parties should be educated and not just the sender, actually it's easy to educate someone about bitcoin if he is a member of your family, they will understand it easily because they trust you.

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