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Topic: Why have Bitcoin instead of cash? - page 87. (Read 246148 times)

hero member
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December 31, 2016, 10:58:50 PM
i think bitcoin have very stronger and powerful security and there is no tax on bitcoin and bitcoin is very useful than cash its transaction is very faster than other currency .
i think that the only reason behind this is that bitcoin is it is the need of the modern age, in modern age as most of the people are giving preference to online business and online buying and selling. therefore they are now accepting bitcoin as digital currency as compare to paper money.
As an investor who are engage into business, it is your duty to ensure that you are operating according to the law. What bitcoin can offer is to give us a faster and cheap transaction, but some of the features raises the attention of the government as well, it's anonymity is something that contradicts government rules for KYC.
What we can do is just hope that the government will not be so strict with the law about bitcoin. Choosing between bitcoin and cash is irrelevant as life would be happier with two will co exist.
Government will not becoming so strict if it's not threatening their control over the whole economics and their income from the taxes as people have spoken that with bitcoin they could easily avoid taxes which is really a problem that could decrease the income of the government, as long people still pay the taxes i think it will be fine
sr. member
Activity: 378
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BULL RUN until 2030
December 31, 2016, 10:44:59 PM
i think bitcoin have very stronger and powerful security and there is no tax on bitcoin and bitcoin is very useful than cash its transaction is very faster than other currency .
i think that the only reason behind this is that bitcoin is it is the need of the modern age, in modern age as most of the people are giving preference to online business and online buying and selling. therefore they are now accepting bitcoin as digital currency as compare to paper money.
As an investor who are engage into business, it is your duty to ensure that you are operating according to the law. What bitcoin can offer is to give us a faster and cheap transaction, but some of the features raises the attention of the government as well, it's anonymity is something that contradicts government rules for KYC.
What we can do is just hope that the government will not be so strict with the law about bitcoin. Choosing between bitcoin and cash is irrelevant as life would be happier with two will co exist.
hero member
Activity: 3052
Merit: 685
December 31, 2016, 10:31:32 PM
i think bitcoin have very stronger and powerful security and there is no tax on bitcoin and bitcoin is very useful than cash its transaction is very faster than other currency .
i think that the only reason behind this is that bitcoin is it is the need of the modern age, in modern age as most of the people are giving preference to online business and online buying and selling. therefore they are now accepting bitcoin as digital currency as compare to paper money.
As an investor who are engage into business, it is your duty to ensure that you are operating according to the law. What bitcoin can offer is to give us a faster and cheap transaction, but some of the features raises the attention of the government as well, it's anonymity is something that contradicts government rules for KYC.
hero member
Activity: 532
Merit: 500
December 31, 2016, 05:26:34 PM
i think bitcoin have very stronger and powerful security and there is no tax on bitcoin and bitcoin is very useful than cash its transaction is very faster than other currency .
i think that the only reason behind this is that bitcoin is it is the need of the modern age, in modern age as most of the people are giving preference to online business and online buying and selling. therefore they are now accepting bitcoin as digital currency as compare to paper money.
hero member
Activity: 3024
Merit: 745
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December 31, 2016, 09:22:23 AM
We should have bitcoin for a long term investment. It is like having Gold. You are able to diversify your wealth. Having cash as a long term investment will be a foolish idea as purchasing power of cash keeps falling every year due to the inflation. But Bitcoin has a possibility to appreciate in value.

Cash is not even an investment just to make it clear. It is a type of paper that is used for purchasing goods,services and as well as the investments that you wanted to enter in short it is money. And even though there is inflation yearly, it doesn't mean that you are not going to rely on cash, are you sure that you are totally into bitcoins even if most of the people and investments in your country are still in cash?

The cash devalues year after year and the bitcoin appreciate in the long term. So bitcoin is much better.

That is because of the inflation that is yearly happening and also it depends on the economy of a country where that cash belongs to. And I can't deny that bitcoin is appreciating as the day goes by and it is making it more attractive to all of us and I can say that it is better to be used in the long term but still it is still a need for using cash.
hero member
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December 31, 2016, 02:32:17 AM
i think bitcoin have very stronger and powerful security and there is no tax on bitcoin and bitcoin is very useful than cash its transaction is very faster than other currency .
hero member
Activity: 2842
Merit: 625
December 30, 2016, 10:35:37 PM
It is better to have bitcoins rather than cash as the value of cash will remain the same .on the other hand the price of bitcoins will go on increasing till it reaches a certain threshold.
yeah agree, but it uses the money in the form of digital, such as bitcoin will facilitate you more easier to make transactions than cash, using cash is much more complicated

It is good to have bitcoins but don't say it is better than cash. It's hard to compare as of now since many doesn't have knowledge in bitcoins.

Especially the stores that we are using in our daily lives, they are still depending and accepting by means of fiat.

And it's going to be hard to believe that they are going to accept bitcoins right now, since governments are making the image of bitcoin bad to their people.
sr. member
Activity: 476
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December 30, 2016, 10:25:41 PM
It is better to have bitcoins rather than cash as the value of cash will remain the same .on the other hand the price of bitcoins will go on increasing till it reaches a certain threshold.
yeah agree, but it uses the money in the form of digital, such as bitcoin will facilitate you more easier to make transactions than cash, using cash is much more complicated
hero member
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December 30, 2016, 09:42:30 PM
Well with the bitcoin is easier to pay these days so that is the first fact that makes it a lot easier than cash.
Another reason is that its way more secure than cash and its also that with bitcoins you can pay globally all over the world.
By talking it based on your experience, you are right. But in general, cash is more convenient to use when transacting as it is fast and simple. Simple in the sense that you do not have to go through with bitcoin procedures that you need to make an online wallet and transfer it online, with cash you simply have over the money and take whatever you trade it and transaction is done.
member
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December 30, 2016, 09:14:12 PM
Well if u have bitcoins now the value of it will increase after quite some time .on the other hand if u have cash its value is steady and there is problem of demonetization that can happen anytime .
full member
Activity: 196
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December 30, 2016, 05:56:47 PM
Well with the bitcoin is easier to pay these days so that is the first fact that makes it a lot easier than cash.
Another reason is that its way more secure than cash and its also that with bitcoins you can pay globally all over the world.
sr. member
Activity: 243
Merit: 250
December 30, 2016, 04:14:41 PM
I prefer using bitcoin rather than cash because it has so fast transaction like paying bills online and loading mobile numbers for mobile phones. These bitcoin transactions is really amazing and it encourages people around the wold to make use of internet opportunity to adopt more with bitcoin unlike fiat currency digital currency is more safer than fiat because you cannot hold it in hand and its in the internet network circulating around the world and all transaction is made online compared to cash of fiat most transaction were done in physical activities.
We can all agree that the bitcoin is better than the fiat in many ways, in terms of security easy to use and has a lot more value, but the thing is our world is still not ready to use bitcoin, people still didn’t hear of it, so we cannot directly use  bitcoin to pay our bills, or shop with it in the supermarket, we have to exchange it into fiat, but maybe in the future people will start using it more.

I am sure that in the future people will use Bitcoin for a lot longer than it is now. Popularity Bitcoin rubbed, so it is logical. Many people have realized that the use of Bitcoins is very convenient
hero member
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December 30, 2016, 09:30:58 AM
Bitcoin publicity or education also required in public. I think there should be a tv channel regarding Bitcoin on this channel only bitcoin related news is shown  and Bitcoin related serials and movies should be shown. 

It would be a great publicity for bitcoin but who will do that? Who will be the investor for that? Who will take all the responsibilities as everyone doing anything has a purpose of earning money behind it and bitcoin is yet not a that much well-known currency in the world that could get too much attention just after start.

Unlike ethereum who has big investors supporting the developer, bitcoin on the other hand is solo flight. By solo flight I mean even the developer is not known and the creator is unknown. Nobody but the community will pay for bitcoins promotion. But the biggest problem is, bitcoin community is not organized there are no consensus since there is no organization, association that holds dear to bitcoin. Bitcoin promotes its own self  through the community that expands itself not through any commercial in television or any promotion that needs monetary allocation. Bitcoin doesnt need promotional materials but it keeps on growing since many are coming in due to bitcoins mobility, security and its ability to inflate in value from a cents of dollars to hundreds in a short span of time.
hero member
Activity: 910
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December 30, 2016, 09:00:58 AM
I prefer using bitcoin rather than cash because it has so fast transaction like paying bills online and loading mobile numbers for mobile phones. These bitcoin transactions is really amazing and it encourages people around the wold to make use of internet opportunity to adopt more with bitcoin unlike fiat currency digital currency is more safer than fiat because you cannot hold it in hand and its in the internet network circulating around the world and all transaction is made online compared to cash of fiat most transaction were done in physical activities.
We can all agree that the bitcoin is better than the fiat in many ways, in terms of security easy to use and has a lot more value, but the thing is our world is still not ready to use bitcoin, people still didn’t hear of it, so we cannot directly use  bitcoin to pay our bills, or shop with it in the supermarket, we have to exchange it into fiat, but maybe in the future people will start using it more.
hero member
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December 30, 2016, 04:47:15 AM
We should have bitcoin for a long term investment. It is like having Gold. You are able to diversify your wealth. Having cash as a long term investment will be a foolish idea as purchasing power of cash keeps falling every year due to the inflation. But Bitcoin has a possibility to appreciate in value.

Cash is not even an investment just to make it clear. It is a type of paper that is used for purchasing goods,services and as well as the investments that you wanted to enter in short it is money. And even though there is inflation yearly, it doesn't mean that you are not going to rely on cash, are you sure that you are totally into bitcoins even if most of the people and investments in your country are still in cash?

The cash devalues year after year and the bitcoin appreciate in the long term. So bitcoin is much better.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
December 29, 2016, 10:15:23 PM
We should have bitcoin for a long term investment. It is like having Gold. You are able to diversify your wealth. Having cash as a long term investment will be a foolish idea as purchasing power of cash keeps falling every year due to the inflation. But Bitcoin has a possibility to appreciate in value.

Cash is not even an investment just to make it clear. It is a type of paper that is used for purchasing goods,services and as well as the investments that you wanted to enter in short it is money. And even though there is inflation yearly, it doesn't mean that you are not going to rely on cash, are you sure that you are totally into bitcoins even if most of the people and investments in your country are still in cash?
Bitcoin is also not created as investment, it is just the it does not inflate like cash so the business minded people sees this opportunity and help to make this a popular currency until it's also popular now as an investment.
hero member
Activity: 3024
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December 29, 2016, 07:15:24 PM
We should have bitcoin for a long term investment. It is like having Gold. You are able to diversify your wealth. Having cash as a long term investment will be a foolish idea as purchasing power of cash keeps falling every year due to the inflation. But Bitcoin has a possibility to appreciate in value.

Cash is not even an investment just to make it clear. It is a type of paper that is used for purchasing goods,services and as well as the investments that you wanted to enter in short it is money. And even though there is inflation yearly, it doesn't mean that you are not going to rely on cash, are you sure that you are totally into bitcoins even if most of the people and investments in your country are still in cash?
hero member
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December 29, 2016, 07:04:06 PM
yeah trading is very much profitable nowadays and a lot of people are earning bitcoin in huge amount through trading and people really like to online jobs and they are earning their profit through trading and other activity .
Trading is profitable but not for all of the traders, I believe with a huge number of traders only few of them are profitable, it is a risky venture that requires deep knowledge and proper time management to succeed and most of us cannot do that as we have different focus in life. I think we are too comfortable with having a job since it has no risk than risking our money to make money in trading.
I will say that if a person is trader then trade is profitable for him and he will earn good income but if a person is not a trader and do not have skills of trading and just by looking at others he came here to trade then for him trading is not profitable and he will not be able to get any income from his trading activities.
I think not only skills that's necessary but knowledge is essential in the trade and also you must smart when find the information its a very important factor for you can make a decision to sell or buy a bitcoin the event of price movement.
yes i think knowledge and good information about the coin in which you are going to invest your assets is too much important, you need to remain yourself update from the market and must know every change that occur int he world of currencies and only then you can really earn money from trading


I prefer using bitcoin rather than cash because it has so fast transaction like paying bills online and loading mobile numbers for mobile phones. These bitcoin transactions is really amazing and it encourages people around the wold to make use of internet opportunity to adopt more with bitcoin unlike fiat currency digital currency is more safer than fiat because you cannot hold it in hand and its in the internet network circulating around the world and all transaction is made online compared to cash of fiat most transaction were done in physical activities.
hero member
Activity: 588
Merit: 500
December 29, 2016, 05:20:01 PM
yeah trading is very much profitable nowadays and a lot of people are earning bitcoin in huge amount through trading and people really like to online jobs and they are earning their profit through trading and other activity .
Trading is profitable but not for all of the traders, I believe with a huge number of traders only few of them are profitable, it is a risky venture that requires deep knowledge and proper time management to succeed and most of us cannot do that as we have different focus in life. I think we are too comfortable with having a job since it has no risk than risking our money to make money in trading.
I will say that if a person is trader then trade is profitable for him and he will earn good income but if a person is not a trader and do not have skills of trading and just by looking at others he came here to trade then for him trading is not profitable and he will not be able to get any income from his trading activities.
I think not only skills that's necessary but knowledge is essential in the trade and also you must smart when find the information its a very important factor for you can make a decision to sell or buy a bitcoin the event of price movement.
yes i think knowledge and good information about the coin in which you are going to invest your assets is too much important, you need to remain yourself update from the market and must know every change that occur int he world of currencies and only then you can really earn money from trading
hero member
Activity: 742
Merit: 526
December 29, 2016, 12:47:08 PM
Bitcoin publicity or education also required in public. I think there should be a tv channel regarding Bitcoin on this channel only bitcoin related news is shown  and Bitcoin related serials and movies should be shown. 

It would be a great publicity for bitcoin but who will do that? Who will be the investor for that? Who will take all the responsibilities as everyone doing anything has a purpose of earning money behind it and bitcoin is yet not a that much well-known currency in the world that could get too much attention just after start.

Bitcoin service providers which are publicly offering their services are advertising for Bitcoin as well. If these services prove to be useful and their providers don't scam, Bitcoin will get enough publicity through them. Because they are interested in the success of their services, and this success is inseparably linked to the success of Bitcoin, it could be said that we are already getting free advertising from them.
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