Why have Bitcoin instead of cash? - page 90.

StarofBTC

hero member

Activity: 1148

Merit: 528

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$.

leonardson

full member

Activity: 168

Merit: 100

It is a bordelss currency, I can go to Japan and spend some bitcoins instead of changing some pieces of paper with the face of someone for another ones.

Fatanut

legendary

Activity: 1008

Merit: 1060

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.

tabas

hero member

Activity: 3024

Merit: 745

Top Crypto Casino

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.

AlphaSun

full member

Activity: 226

Merit: 100

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.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

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.

tee-rex

hero member

Activity: 742

Merit: 526

Quote from: South Park on December 20, 2016, 05:09:47 PM

Quote from: tee-rex on December 20, 2016, 10:46:24 AM

Quote from: Carmen_Sandiego on December 20, 2016, 05:08:57 AM

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

If a country decides to ban Bitcoin, this will not stop people from using it, because the only thing that people need to use Bitcoin is internet. In fact, the ban in that country would help millions of people get to know Bitcoin.

If you have all the coins in an exchange, you could have problems, of course. That's why it is important to use wallets to which only you have the private keys.

Of course, it will not prevent people from using Bitcoin, but they will have to risk greatly as soon as they try to convert their bitcoins to fiat. Therefore many people would try to make away with their bitcoins and forget about them simply because they will no longer be of any use to them. Most people are using Bitcoin today specifically to earn more fiat through it, not because they are interested in buying stuff with their coins.

As long as bitcoin has some value you will be able to find someone willing to trade, if it became illegal in your country maybe you will need to sell at a discounted price, but if they ask for a very low price, you could always change your money here in the forum for something else.

But what if Bitcoin goes down to single digits, and 1 bitcoin would be worth 1 dollar, will it be of any purpose to sell this bitcoin? People had been giving 20k bitcoins for some bath salt in the past, and if it goes back to that, most of us will be having dust, just dust. Could you imagine that Bitcoin at fist jumps to few thousand dollars and then governments start to ban it all over the world?

Mbah Tyo

sr. member

Activity: 532

Merit: 250

1st of May

Quote from: Amph on July 08, 2015, 05:51:44 AM

Quote from: Hopalong on July 08, 2015, 04:58:23 AM

Quote from: Amph on July 08, 2015, 02:43:08 AM

cash are not that easy to use in different countries, you need to exchange them everytime, a pain in the ass, bitcoin is a global currency, and very easy too move also

and cannot be faked like cash so easily, add on top of this, the less fees required...

I can use my mastercard in a lot of contries without even knowing what currency they have.

we are talking about cash not electronic money, also your other issue is the withdrawal limit on basically any atm, you know that with your master card you cannot withdrawn more than a certain amount, with bitcoin there are no restriction of any sort

yes you can use your mastercard but they will charge you a great fee for conversion, with bitcoin you don't need to convert in the local currency because bitcoin works globally

still use bitcoin simple when compared with cash, we now see our wallets filled with money 200k would have been packed, the discussion is different when using bicoin troublesome, regardless of its nominal she will be fit, keep safe if use bitcoin

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: dawnpot on December 21, 2016, 05:37:18 AM

Bitcoins are easily transferable from country to country, jurisdiction to jurisdiction, nation to nation unlike physical cash which has its own limitations.

well i agree with you in that dude however you would still have to convert the bitcoins that you received to cash for you to have more use of it. the thing is that we don't have that much use of bitcoin as it is in today's world as there are not much companies that allows you to use bitcoin for payments. also for everyday consumption and purchases, it would be very hard to find, if we can find anywhere at all, to use bitcoin. there are a lot of benefits that we can get for using bitcoin but i think it may take a bit more time before we can use it as regularly as we use cash

danherbias07

legendary

Activity: 3318

Merit: 1133

Leading Crypto Sports Betting & Casino Platform

Quote from: Tanic on December 21, 2016, 07:22:53 AM

I prefer to have cash. That's why once a month I vas out my bitcoins by it's current price the same day with my salary. It's annoying me a little that bitcoin price changes so fast, so I am more used to old school's cash.

Its annoying? You are a senior already and those price changes should have made you a lot of money now if you could simply think of it as a good movement. Haven't you read about trading and stuffs to use it as a profitable one?

Tanic

sr. member

Activity: 294

Merit: 250

I prefer to have cash. That's why once a month I vas out my bitcoins by it's current price the same day with my salary. It's annoying me a little that bitcoin price changes so fast, so I am more used to old school's cash.

dawnpot

newbie

Activity: 42

Merit: 0

Bitcoins are easily transferable from country to country, jurisdiction to jurisdiction, nation to nation unlike physical cash which has its own limitations.

coinfast

sr. member

Activity: 508

Merit: 254

Because, Bitcoin the transactions are instant , only confirmations get some time, Bitcoin gives us the true freedom, We are not dependent upon any system to use our money.

Positid

sr. member

Activity: 378

Merit: 250

BULL RUN until 2030

Quote from: Babayega31 on December 20, 2016, 08:20:49 PM

Quote from: South Park on December 20, 2016, 05:09:47 PM

Quote from: tee-rex on December 20, 2016, 10:46:24 AM

Quote from: Carmen_Sandiego on December 20, 2016, 05:08:57 AM

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

If a country decides to ban Bitcoin, this will not stop people from using it, because the only thing that people need to use Bitcoin is internet. In fact, the ban in that country would help millions of people get to know Bitcoin.

If you have all the coins in an exchange, you could have problems, of course. That's why it is important to use wallets to which only you have the private keys.

Of course, it will not prevent people from using Bitcoin, but they will have to risk greatly as soon as they try to convert their bitcoins to fiat. Therefore many people would try to make away with their bitcoins and forget about them simply because they will no longer be of any use to them. Most people are using Bitcoin today specifically to earn more fiat through it, not because they are interested in buying stuff with their coins.

As long as bitcoin has some value you will be able to find someone willing to trade, if it became illegal in your country maybe you will need to sell at a discounted price, but if they ask for a very low price, you could always change your money here in the forum for something else.

Yeah i prefer bitcoin instead of cash because it has anonymous transactions via internet aside from cash currency you cannot easily transact it through online and you need online banking to be able to use it for transactions. Bitcoin has a direct ability to be directly stored by online wallet and can be cash out directly to selected affiliated banks worldwide and you can transact immediately without any traffic.

For online transaction bitcoin is good but for the overall transaction a person needs to do cash is more important. If I were to choose between the two, I would just have to choose cash because with bitcoin only I cannot survive in this world.

Bitcoin0916

full member

Activity: 238

Merit: 100

Quote from: Babayega31 on December 20, 2016, 08:20:49 PM

Quote from: South Park on December 20, 2016, 05:09:47 PM

Quote from: tee-rex on December 20, 2016, 10:46:24 AM

Quote from: Carmen_Sandiego on December 20, 2016, 05:08:57 AM

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

If a country decides to ban Bitcoin, this will not stop people from using it, because the only thing that people need to use Bitcoin is internet. In fact, the ban in that country would help millions of people get to know Bitcoin.

If you have all the coins in an exchange, you could have problems, of course. That's why it is important to use wallets to which only you have the private keys.

Of course, it will not prevent people from using Bitcoin, but they will have to risk greatly as soon as they try to convert their bitcoins to fiat. Therefore many people would try to make away with their bitcoins and forget about them simply because they will no longer be of any use to them. Most people are using Bitcoin today specifically to earn more fiat through it, not because they are interested in buying stuff with their coins.

As long as bitcoin has some value you will be able to find someone willing to trade, if it became illegal in your country maybe you will need to sell at a discounted price, but if they ask for a very low price, you could always change your money here in the forum for something else.

Yeah i prefer bitcoin instead of cash because it has anonymous transactions via internet aside from cash currency you cannot easily transact it through online and you need online banking to be able to use it for transactions. Bitcoin has a direct ability to be directly stored by online wallet and can be cash out directly to selected affiliated banks worldwide and you can transact immediately without any traffic.

Of course, the power of bitcoin is anonymous, and I think there should be a distinction, if bitcoin equals with cash money, certainly not required complex blockchain algorithm, simply print the money and then miss out as well as money now. because it is made with a sophisticated program is certainly a lot of excess rather than cash money.

Babayega31

hero member

Activity: 630

Merit: 500

Cryptocurrency Wallet - Denaro.io

Quote from: South Park on December 20, 2016, 05:09:47 PM

Quote from: tee-rex on December 20, 2016, 10:46:24 AM

Quote from: Carmen_Sandiego on December 20, 2016, 05:08:57 AM

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

If a country decides to ban Bitcoin, this will not stop people from using it, because the only thing that people need to use Bitcoin is internet. In fact, the ban in that country would help millions of people get to know Bitcoin.

If you have all the coins in an exchange, you could have problems, of course. That's why it is important to use wallets to which only you have the private keys.

Of course, it will not prevent people from using Bitcoin, but they will have to risk greatly as soon as they try to convert their bitcoins to fiat. Therefore many people would try to make away with their bitcoins and forget about them simply because they will no longer be of any use to them. Most people are using Bitcoin today specifically to earn more fiat through it, not because they are interested in buying stuff with their coins.

As long as bitcoin has some value you will be able to find someone willing to trade, if it became illegal in your country maybe you will need to sell at a discounted price, but if they ask for a very low price, you could always change your money here in the forum for something else.

Yeah i prefer bitcoin instead of cash because it has anonymous transactions via internet aside from cash currency you cannot easily transact it through online and you need online banking to be able to use it for transactions. Bitcoin has a direct ability to be directly stored by online wallet and can be cash out directly to selected affiliated banks worldwide and you can transact immediately without any traffic.

virtualkeybuyer

hero member

Activity: 644

Merit: 500

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.

rizkyhiw

legendary

Activity: 1484

Merit: 1004

Quote from: Bestwishes745 on December 20, 2016, 03:27:48 PM

Quote from: Mastsetad on December 20, 2016, 10:54:24 AM

Quote from: Carmen_Sandiego on December 20, 2016, 05:08:57 AM

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

If a country decides to ban Bitcoin, this will not stop people from using it, because the only thing that people need to use Bitcoin is internet. In fact, the ban in that country would help millions of people get to know Bitcoin.

If you have all the coins in an exchange, you could have problems, of course. That's why it is important to use wallets to which only you have the private keys.

People of a country would only stop using bitcoins if they hear that there is some really unbearable punishment for using bitcoins because no one would like to get punished for just something like this no matter how much they love it but they would surely love themselves more than it.

But as bitcoin is an anonymous currency so the users of bitcoin will not feel any fear as they will know that no one will know about his usage of bitcoins and in the past a few countries banned it in their countries but they failed because they were unable to find that their citizens are using bitcoins or not.

bitcoin recently used for something illegal
like for money laundering and avoiding tax because it's anonimity
i guess that's why people prefer to use bitcoin rather than cash nowadays
they did not even care about how bitcoin developed , they just want to use/exploit it.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: tee-rex on December 20, 2016, 10:46:24 AM

Quote from: Carmen_Sandiego on December 20, 2016, 05:08:57 AM

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

If a country decides to ban Bitcoin, this will not stop people from using it, because the only thing that people need to use Bitcoin is internet. In fact, the ban in that country would help millions of people get to know Bitcoin.

If you have all the coins in an exchange, you could have problems, of course. That's why it is important to use wallets to which only you have the private keys.

Of course, it will not prevent people from using Bitcoin, but they will have to risk greatly as soon as they try to convert their bitcoins to fiat. Therefore many people would try to make away with their bitcoins and forget about them simply because they will no longer be of any use to them. Most people are using Bitcoin today specifically to earn more fiat through it, not because they are interested in buying stuff with their coins.

As long as bitcoin has some value you will be able to find someone willing to trade, if it became illegal in your country maybe you will need to sell at a discounted price, but if they ask for a very low price, you could always change your money here in the forum for something else.

lakisis

full member

Activity: 196

Merit: 100

Quote from: cakravothy on December 20, 2016, 04:44:48 PM

because in online can't use instead of cash
in online bitcoin the best digital curency
but iam still have much instead of cash in offline
comparation bitcoin VS instead of cash , 90% instead of cash , and 10% in bitcoin to trading and investment

yeah bitcoin is really best currency for online shopping and i feel very much secure with bitcoin mean i store my balance into bitcoin then i feel very much safe and secure because bitcoin i wallet has too much high security and bitcoin fees is very much lower.

Topic: Why have Bitcoin instead of cash? - page 90. (Read 246169 times)