Why have Bitcoin instead of cash? - page 89.

tee-rex

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Quote from: stadus on December 26, 2016, 05:10:50 AM

Quote from: KingdomHearts on December 25, 2016, 02:19:37 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.

It is said that over 90% of all traders are losing in the long run. But as long as Bitcoin is rising, everyone can make profit basically by primitive unsophisticated buy low and sell high approach without any deep knowledge of the markets or proper time management. This situation may change if demand gets saturated and price starts trading sideways for longer periods. But right now profiting from Bitcoin does not require any effort.

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Quote from: KingdomHearts on December 25, 2016, 02:19:37 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.

KingdomHearts

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Quote from: MMA on December 25, 2016, 12:08:03 PM

Quote from: batang_bitcoin on December 25, 2016, 07:47:12 AM

Quote from: Pattart on December 25, 2016, 03:28:01 AM

Quote from: ?? on ??

Quote from: bitkilo on December 23, 2016, 11:27:19 PM

Quote from: Emperor Magnus Caligula on December 22, 2016, 07:11:08 PM

bitcoin valuates over time

cash always devaluates

any other reason needed?

You are pretty much right about the cash but bitcoin is notIt guaranteed to keep going up in price, we have seen massive dips in the past and I think we could another small one when btc reaches $1000 per coin again because some people who bought at the top during the last run may have received enough of a scare to sell up.

And even cash devaluates still the value of bitcoin is depending also to the current money system.
But when it comes to the service, bitcoin is really a good way to those people who want to transact anonymously and with cheap rates.

besides devaluation, using cash will also reduce the interest of users, because the type of future money will be in digital form right ? after all, if you want to use the cash you can use fiat dude

That's true that the future money will be digitized and the people will be on cashless society. It's all going to happen very soon and that is possible because of the technology. But as of now, there is no force adoption of bitcoin so still it's up to us if we are going to fully adopt bitcoin but better if we are going to use both.

the online trading, online jobs and online investments are increasing from time to time, the new generation is now taking interest in online jobs and trading therefore the use of fiat is also increasing continuously.

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 .

MMA

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Quote from: batang_bitcoin on December 25, 2016, 07:47:12 AM

Quote from: Pattart on December 25, 2016, 03:28:01 AM

Quote from: ?? on ??

Quote from: bitkilo on December 23, 2016, 11:27:19 PM

Quote from: Emperor Magnus Caligula on December 22, 2016, 07:11:08 PM

bitcoin valuates over time

cash always devaluates

any other reason needed?

You are pretty much right about the cash but bitcoin is notIt guaranteed to keep going up in price, we have seen massive dips in the past and I think we could another small one when btc reaches $1000 per coin again because some people who bought at the top during the last run may have received enough of a scare to sell up.

And even cash devaluates still the value of bitcoin is depending also to the current money system.
But when it comes to the service, bitcoin is really a good way to those people who want to transact anonymously and with cheap rates.

besides devaluation, using cash will also reduce the interest of users, because the type of future money will be in digital form right ? after all, if you want to use the cash you can use fiat dude

That's true that the future money will be digitized and the people will be on cashless society. It's all going to happen very soon and that is possible because of the technology. But as of now, there is no force adoption of bitcoin so still it's up to us if we are going to fully adopt bitcoin but better if we are going to use both.

the online trading, online jobs and online investments are increasing from time to time, the new generation is now taking interest in online jobs and trading therefore the use of fiat is also increasing continuously.

batang_bitcoin

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Quote from: Pattart on December 25, 2016, 03:28:01 AM

Quote from: ?? on ??

Quote from: bitkilo on December 23, 2016, 11:27:19 PM

Quote from: Emperor Magnus Caligula on December 22, 2016, 07:11:08 PM

bitcoin valuates over time

cash always devaluates

any other reason needed?

You are pretty much right about the cash but bitcoin is notIt guaranteed to keep going up in price, we have seen massive dips in the past and I think we could another small one when btc reaches $1000 per coin again because some people who bought at the top during the last run may have received enough of a scare to sell up.

And even cash devaluates still the value of bitcoin is depending also to the current money system.
But when it comes to the service, bitcoin is really a good way to those people who want to transact anonymously and with cheap rates.

besides devaluation, using cash will also reduce the interest of users, because the type of future money will be in digital form right ? after all, if you want to use the cash you can use fiat dude

That's true that the future money will be digitized and the people will be on cashless society. It's all going to happen very soon and that is possible because of the technology. But as of now, there is no force adoption of bitcoin so still it's up to us if we are going to fully adopt bitcoin but better if we are going to use both.

StarofBTC

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Quote from: Mastsetad on December 10, 2016, 11:07:40 AM

Quote from: (altair) on December 10, 2016, 09:56:07 AM

Because having a bitcoin is much better than having a cash. Bitcoin has a great value. And there are many different ways to earn it. With bitcoin transactions are made more easier. You don't have to go to banks to deposit and withdraw money. Bitcoin also has no tax than cash.

The reason why i have bitcoins instead of cash is also because i can earn them while i cannot earn cash as i don't have any jobs in real world, i just earn bitcoins and i'm using them in my daily life by converting them to cash later on, cash is needed because bitcoin is not usable everywhere right now.

Cash maybe a currency of a single country that you possess which can be in the form of paper or coin, could be used only for a single place most probably with the same value at the time of getting it till spending. While a bitcoin have the potential to be spend internationally with the opportunity of growing value from the time you buy till spending it.

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Quote from: ?? on ??

Quote from: bitkilo on December 23, 2016, 11:27:19 PM

Quote from: Emperor Magnus Caligula on December 22, 2016, 07:11:08 PM

bitcoin valuates over time

cash always devaluates

any other reason needed?

You are pretty much right about the cash but bitcoin is notIt guaranteed to keep going up in price, we have seen massive dips in the past and I think we could another small one when btc reaches $1000 per coin again because some people who bought at the top during the last run may have received enough of a scare to sell up.

And even cash devaluates still the value of bitcoin is depending also to the current money system.
But when it comes to the service, bitcoin is really a good way to those people who want to transact anonymously and with cheap rates.

besides devaluation, using cash will also reduce the interest of users, because the type of future money will be in digital form right ? after all, if you want to use the cash you can use fiat dude

Fatanut

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Quote from: markyminer on December 24, 2016, 06:17:08 PM

Quote from: jak3 on December 24, 2016, 12:30:31 AM

people around my locality do not accept bitcoin as a payment but i do convert my bitcoins into my faint currecy and i do accept bitcoin so if any of them did want to exchange their bitcoin i am ready but in my country only a small number of people understands about what cryptocurrecy really is and all the rest of them has only heard rummers like ghosts

i think in most of the areas people are facing the same problems, to me in my country we have also the same situation, very little number of people knowing about bitcoin, i think we need to introduce bitcoin in our area and let people know about bitcoin so that they can start using bitcoin.

In return, what would you get? People asking you for more tutorials. You will eventually get tired of lecturing all those people around your area. Trust me. Doing bitcoins is a skill and not just something that you teach to a person and then the next day he can earn as much as you do. Just orient them about bitcoins and tell them that if they want some actual online job, then study bitcoins. Tell them to not expect anything big at first since their skill isn't that well just yet.

Eventually, you don't have to teach people anymore since they will just teach each other. It might not be that much but seeing a bitcoin community around you grow because of you is something.

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Quote from: jak3 on December 24, 2016, 12:30:31 AM

people around my locality do not accept bitcoin as a payment but i do convert my bitcoins into my faint currecy and i do accept bitcoin so if any of them did want to exchange their bitcoin i am ready but in my country only a small number of people understands about what cryptocurrecy really is and all the rest of them has only heard rummers like ghosts

And that's the downside of using bitcoins today. There are a lot of people who are not even aware of what it is much less to use it for their transactions. The fact that we still would have to exchange bitcoin to use it in real purchases says a lot of it's availability in most places. For now i think i'll save my bitcoins because the price is going up, though i'll have to exchange it to fiat also

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Quote from: jak3 on December 24, 2016, 12:30:31 AM

people around my locality do not accept bitcoin as a payment but i do convert my bitcoins into my faint currecy and i do accept bitcoin so if any of them did want to exchange their bitcoin i am ready but in my country only a small number of people understands about what cryptocurrecy really is and all the rest of them has only heard rummers like ghosts

i think in most of the areas people are facing the same problems, to me in my country we have also the same situation, very little number of people knowing about bitcoin, i think we need to introduce bitcoin in our area and let people know about bitcoin so that they can start using bitcoin.

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Well, it is not that easy. Bitcoin has had a great year. Price increased by almost 100%. However you need to take a look what drives the current price raise. It is mainly caused by Chinese buyers which try to bypass the capital controls of the Chinese government. The Yuan currency is dominiating when you look at the statistics with which fiat currency Bitcoin is bought. Euro and US-Dollar underrepresented. For that reason, the price could also see a good crash when many Chinese buyers decide to sell.

Quote from: tabas on December 22, 2016, 08:15:25 AM

Quote from: AlphaSun on December 22, 2016, 08:04:23 AM

Quote from: South Park on December 21, 2016, 02:42:05 PM

Quote from: virtualkeybuyer on December 20, 2016, 06:07:46 PM

Quote from: Achargeturry78 on December 20, 2016, 03:35:14 PM

Quote from: rajasumi2 on December 12, 2016, 04:11:59 AM

well i would suggest u to 80 percent cash and 20 percent bitcoins .because u never know that when the country of ours will totally ban bitcoins until and unless u have too many bitcoins u cant rely totally on them.kudoos

This seems to be a nice idea your turning your cash into bitcoin and start growing them into real profit not just profit but also you gaining experience which helps you on your daily living. I don't mind bitcoin will totally banned here in my country

He is thinking for to invest only 20 percent of his money in bitcoin which is really a very low amount to invest in bitcoin he at least need to invest 50% of his money so that he get a good profit from bitcoin and if it got banned in your country then no one can steal your bitcoins from you but it will be with you in your wallet.

20% can be a lot or not much depending in your capital ready for investment, besides if someone feels comfortable investing only 20% of his money in bitcoin that is fine since it is better than not investing at all.

Even if you invest 1% of your money now, it will be dominant in a few decades.

I agree even just 1% it is already big enough as we can see that bitcoin is doing great and keeps on increasing as the day goes by. For me, as long as you are believing this crypto currency then you can invest any amount and any percentage that can make you satisfy. Because that will help already the adoption of bitcoin.

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Quote from: neochiny on December 24, 2016, 12:38:59 AM

Quote from: tabas on December 22, 2016, 08:15:25 AM

Quote from: AlphaSun on December 22, 2016, 08:04:23 AM

Quote from: South Park on December 21, 2016, 02:42:05 PM

Quote from: virtualkeybuyer on December 20, 2016, 06:07:46 PM

Quote from: Achargeturry78 on December 20, 2016, 03:35:14 PM

Quote from: rajasumi2 on December 12, 2016, 04:11:59 AM

well i would suggest u to 80 percent cash and 20 percent bitcoins .because u never know that when the country of ours will totally ban bitcoins until and unless u have too many bitcoins u cant rely totally on them.kudoos

This seems to be a nice idea your turning your cash into bitcoin and start growing them into real profit not just profit but also you gaining experience which helps you on your daily living. I don't mind bitcoin will totally banned here in my country

He is thinking for to invest only 20 percent of his money in bitcoin which is really a very low amount to invest in bitcoin he at least need to invest 50% of his money so that he get a good profit from bitcoin and if it got banned in your country then no one can steal your bitcoins from you but it will be with you in your wallet.

20% can be a lot or not much depending in your capital ready for investment, besides if someone feels comfortable investing only 20% of his money in bitcoin that is fine since it is better than not investing at all.

Even if you invest 1% of your money now, it will be dominant in a few decades.

I agree even just 1% it is already big enough as we can see that bitcoin is doing great and keeps on increasing as the day goes by. For me, as long as you are believing this crypto currency then you can invest any amount and any percentage that can make you satisfy. Because that will help already the adoption of bitcoin.

How much money are we talking about?. 1% is too little, and being overconfident
might lead to your loss. bitcoin is increasing right now, but always remember that bitcoin
had drawbacks from the past, being a little cautious is not a bad idea.

It's very important not to focus on the positive side of bitcoin, there's always a time to consider it's weaknesses as well as this is still a very risky investment, when you are entitled for a win you are also for a lose.

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Quote from: tabas on December 22, 2016, 08:15:25 AM

Quote from: AlphaSun on December 22, 2016, 08:04:23 AM

Quote from: South Park on December 21, 2016, 02:42:05 PM

Quote from: virtualkeybuyer on December 20, 2016, 06:07:46 PM

Quote from: Achargeturry78 on December 20, 2016, 03:35:14 PM

Quote from: rajasumi2 on December 12, 2016, 04:11:59 AM

well i would suggest u to 80 percent cash and 20 percent bitcoins .because u never know that when the country of ours will totally ban bitcoins until and unless u have too many bitcoins u cant rely totally on them.kudoos

This seems to be a nice idea your turning your cash into bitcoin and start growing them into real profit not just profit but also you gaining experience which helps you on your daily living. I don't mind bitcoin will totally banned here in my country

He is thinking for to invest only 20 percent of his money in bitcoin which is really a very low amount to invest in bitcoin he at least need to invest 50% of his money so that he get a good profit from bitcoin and if it got banned in your country then no one can steal your bitcoins from you but it will be with you in your wallet.

20% can be a lot or not much depending in your capital ready for investment, besides if someone feels comfortable investing only 20% of his money in bitcoin that is fine since it is better than not investing at all.

Even if you invest 1% of your money now, it will be dominant in a few decades.

I agree even just 1% it is already big enough as we can see that bitcoin is doing great and keeps on increasing as the day goes by. For me, as long as you are believing this crypto currency then you can invest any amount and any percentage that can make you satisfy. Because that will help already the adoption of bitcoin.

How much money are we talking about?. 1% is too little, and being overconfident
might lead to your loss. bitcoin is increasing right now, but always remember that bitcoin
had drawbacks from the past, being a little cautious is not a bad idea.

jak3

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people around my locality do not accept bitcoin as a payment but i do convert my bitcoins into my faint currecy and i do accept bitcoin so if any of them did want to exchange their bitcoin i am ready but in my country only a small number of people understands about what cryptocurrecy really is and all the rest of them has only heard rummers like ghosts

huahuaea

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I think a little, to avoid the central reserve bank's bad policies and instability caused by security risks. Finite currency inflation in Bitcoin systems is evenly distributed (determined by CPU) over the entire network, rather than by bank monopolies.

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Quote from: Emperor Magnus Caligula on December 22, 2016, 07:11:08 PM

bitcoin valuates over time

cash always devaluates

any other reason needed?

You are pretty much right about the cash but bitcoin is not guaranteed to keep going up in price, we have seen massive dips in the past and I think we could another small one when btc reaches $1000 per coin again because some people who bought at the top during the last run may have received enough of a scare to sell up.

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Quote from: StarofBTC on December 22, 2016, 02:52:30 PM

Quote from: NorrisK on July 08, 2015, 01:47:21 AM

Quote from: BIT-Sharon on July 08, 2015, 01:33:37 AM

Besides, Bitcoin is an invisible gold and do not be restricted by the customs.

Very good point! This basically allows you to bring more than 10k in "cash" around the glob in your pocket without customs having a chance to find out.. Can potentially be problematic though, helping illegal transactions.

Don’t forget the fact that you don’t have to pay fees on it, having bitcoin is like jumping over a fence , instead of paying taxes for the government you just skip it and pay no fees, plus it is easy to send and does not take that much time unlike the real money that you have to wait 5 hours just to send 1$.

I would like to add that some people bypass the 10k in cash limit by bringing their gold in form of jewelry since gold is so valuable you could wear something worth tens of thousands of dollars from one country to another without to much hassle if you know what you are doing.

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bitcoin valuates over time

cash always devaluates

any other reason needed?

user27

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Quote from: South Park on December 22, 2016, 06:24:20 PM

Quote from: Fatanut on December 22, 2016, 01:31:13 PM

Quote from: AlphaSun on December 22, 2016, 08:04:23 AM

Even if you invest 1% of your money now, it will be dominant in a few decades.

It totally depends on how much money do you have. 1% of 1000$ is just 10$ and I don't think that would exactly be "dominant" in the few decades because if so, then how about those people that invested 1000$? Then they should be totally financial Gods of the future, not to mention the people that have thousands of bitcoins today.

I think all of us should have at least 1BTC saved for the future. Even if the price of bitcoin doesn't get to millions or ten/hundred thousands dollars, it's okay. You would still have 1BTC to treat yourself something nice in the far far future.

It is the same with gold, if you had a 1oz of gold 100 years ago you could buy you lots of neat stuff with it, now you can still buy nice stuff, the usual comparison is a nice suit, bitcoin is the same, even if the price of bitcoin does not skyrocket, I'm sure we could buy good stuff in the future with it.

Yeah I think bitcoin is like digital gold. They both are disinflationary currencies, but bitcoin is arguably more so because it follows a set schedule unlike gold where you can find 0 gold in one year and find a huge gold deposit the next.

Cash on the other hand is self destructive, and always inflationary.

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Quote from: Fatanut on December 22, 2016, 01:31:13 PM

Quote from: AlphaSun on December 22, 2016, 08:04:23 AM

Even if you invest 1% of your money now, it will be dominant in a few decades.

It totally depends on how much money do you have. 1% of 1000$ is just 10$ and I don't think that would exactly be "dominant" in the few decades because if so, then how about those people that invested 1000$? Then they should be totally financial Gods of the future, not to mention the people that have thousands of bitcoins today.

I think all of us should have at least 1BTC saved for the future. Even if the price of bitcoin doesn't get to millions or ten/hundred thousands dollars, it's okay. You would still have 1BTC to treat yourself something nice in the far far future.

It is the same with gold, if you had a 1oz of gold 100 years ago you could buy you lots of neat stuff with it, now you can still buy nice stuff, the usual comparison is a nice suit, bitcoin is the same, even if the price of bitcoin does not skyrocket, I'm sure we could buy good stuff in the future with it.

Topic: Why have Bitcoin instead of cash? - page 89. (Read 246169 times)