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Topic: Why have Bitcoin instead of cash? - page 91. (Read 246148 times)

hero member
Activity: 868
Merit: 501
Chainjoes.com
December 20, 2016, 05:44:48 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
hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
December 20, 2016, 05:16:16 PM
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 Smiley
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

I don't mind very much too, if bitcoin be banned in my country for any reason, I have enough time to sell my btcs if I wouldn't have a way to use it.
If I could, I would turn 50% of my money in bitcoins, but I can't because I need fiat to live, it will just be possible when more stores that we need every day start accepting bitcoins. Until there I will need to keep only a small part of my money in bitcoins, like 5%-8%.
sr. member
Activity: 630
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Just follow the rules
December 20, 2016, 04:35:14 PM
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 Smiley
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
hero member
Activity: 644
Merit: 500
December 20, 2016, 04:27:48 PM
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 Smiley
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.
sr. member
Activity: 672
Merit: 250
December 20, 2016, 11:54:24 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 Smiley
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.
hero member
Activity: 742
Merit: 526
December 20, 2016, 11:46:24 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 Smiley
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.
sr. member
Activity: 399
Merit: 250
December 20, 2016, 06:08:57 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 Smiley
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.
hero member
Activity: 3010
Merit: 629
December 19, 2016, 10:42:43 AM
The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.
Yeah its easy and less hassle for me to transfer btc to another account wherever he is. you dont need to go out to go for remittance to send money.
hero member
Activity: 946
Merit: 500
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December 19, 2016, 07:40:36 AM
The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.
This is a very important aspect of this, while fiat currency has its use limited to the country where the currency is issued, Bitcoin eliminates such barriers, the individual really has more freedom, Bitcoin is the ideal currency for who need to travel constantly from one country to another, or for people who have family in other countries, and need to send money there.

Exactly true transactions gets easier and we can monitored it. We can transfer money anytime and anywhere . Plus the other services of bitcoin now in terms of the apps or websites related to it thus some offers virtual atm,eload and e-payment.
hero member
Activity: 742
Merit: 526
December 19, 2016, 07:24:07 AM
The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.
This is a very important aspect of this, while fiat currency has its use limited to the country where the currency is issued, Bitcoin eliminates such barriers, the individual really has more freedom, Bitcoin is the ideal currency for who need to travel constantly from one country to another, or for people who have family in other countries, and need to send money there.

Most banks which issue plastic cards offer basically the same service, and you can withdraw local cash in any country where there is an ATM, though the commissions may be hefty. But all in all I agree with you that Bitcoin is still better just because it remains the same Bitcoin regardless of the country of residence, and you can access your online wallet from any place where there is Internet.
sr. member
Activity: 454
Merit: 250
December 18, 2016, 07:55:51 PM
The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.
This is a very important aspect of this, while fiat currency has its use limited to the country where the currency is issued, Bitcoin eliminates such barriers, the individual really has more freedom, Bitcoin is the ideal currency for who need to travel constantly from one country to another, or for people who have family in other countries, and need to send money there.
hero member
Activity: 1386
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Maintain Social Distance, Stay safe.
December 13, 2016, 02:45:50 PM
The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.

Yeah, bitcoin can be transacted within any two corner of the world with a much reduced transaction fee. As mentioned cash doesn't need any confirmation, but it has very limited access compared to bitcoin. With bitcoin you can grow your money which is not possible with regular cash.

In my view, we can't even compare cash with Bitcoin in this regard. It doesn't just have limited access, it doesn't have any access unless you get it from hand to hand or from where someone has left it for you. On the flipside though, cash is unique because it doesn't need a payment system at all if you want to transact with it directly.
bitcoin is just always good for alternative cash is not unique in my opinion it is common.. bitcoin is unique there is no payment processor that can be the same as bitcoin.. but there is still weaknesses and there is still few merchant are accepting it but in the future we will see great future with bitcoin and maybe more merchant will accept bitcoin in the future..  the good benefits using bitcoin is the price increase and you can transfer the money easily and fast than remittances.
hero member
Activity: 742
Merit: 526
December 13, 2016, 02:10:31 PM
The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.

Yeah, bitcoin can be transacted within any two corner of the world with a much reduced transaction fee. As mentioned cash doesn't need any confirmation, but it has very limited access compared to bitcoin. With bitcoin you can grow your money which is not possible with regular cash.

In my view, we can't even compare cash with Bitcoin in this regard. It doesn't just have limited access, it doesn't have any access unless you get it from hand to hand or from where someone has left it for you. On the flipside though, cash is unique because it doesn't need a payment system at all if you want to transact with it directly.
legendary
Activity: 3206
Merit: 1213
casinosblockchain.io
December 13, 2016, 12:58:41 PM
The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.

Yeah, bitcoin can be transacted within any two corner of the world with a much reduced transaction fee. As mentioned cash doesn't need any confirmation, but it has very limited access compared to bitcoin. With bitcoin you can grow your money which is not possible with regular cash.
hero member
Activity: 910
Merit: 523
December 13, 2016, 12:41:42 PM
I recently paid for some local tacos using Bitcoin. My friend who was unfamilar with Bitcoin thought it was strange, like I technically didn't pay for them or something. We got into discussing Bitcoin and one of the questions he asked me was:
"Why would you want Bitcoins instead of cash?". For a second I didn't know what to say; then I thought about it and here is what I came up with. Feel free to contribute to this.

1) More security (especially if you are careful).

2) Bitcoins are a potential investment, cash is not. Paper currency only really goes down in value, Bitcoins have a lot of potential to be worth more as time goes on.

3) Fast, worldwide transactions at your fingertips.

4) Similar to #3, but it's a universal currency. It's legal in most countries of the world and you don't need any kind of currency conversion to send money to people in a different country than your own.

What I like of bitcoin is the huge potential in the future, just like you said, the value worth more as time goes on.
We need cash for daily spending of course since it is an official currency for payment but government could take it from your bank accounts in case of something happens but they can't do that if you invest your money into bitcoin, nobody knows but you as long as you know how to keep it secure.
hero member
Activity: 868
Merit: 500
December 13, 2016, 12:09:30 PM
The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.
full member
Activity: 187
Merit: 100
December 13, 2016, 01:05:34 AM
I prefer bitcoin to cash out because bitcoin has freedom...
The price is volatile, we may earn huge profit by using bitcoin in the long run...
Bitcoin is anonymous so it has many advantages that all users can benefits of bitcoin...
Yes, however use bitcoin is more practicaly than use fiat, becouse we do not need change money. Also I really loves bitcoin becouse its make me avoid fiat inflation.
I also Bitcoin attracted by the fact that it is not affected by inflation. In the future, he would replace Fiat
sr. member
Activity: 364
Merit: 250
December 13, 2016, 12:56:43 AM
I prefer bitcoin to cash out because bitcoin has freedom...
The price is volatile, we may earn huge profit by using bitcoin in the long run...
Bitcoin is anonymous so it has many advantages that all users can benefits of bitcoin...
Yes, however use bitcoin is more practicaly than use fiat, becouse we do not need change money. Also I really loves bitcoin becouse its make me avoid fiat inflation.
hero member
Activity: 806
Merit: 503
December 12, 2016, 10:15:33 AM
I prefer bitcoin to cash out because bitcoin has freedom...
The price is volatile, we may earn huge profit by using bitcoin in the long run...
Bitcoin is anonymous so it has many advantages that all users can benefits of bitcoin...
sr. member
Activity: 406
Merit: 252
Veni, Vidi, Vici
December 12, 2016, 08:50:25 AM
Bitcoin can be used world wide (assuming that there are merchants accept it) without the need for exchange in foreign currency
It's not inflationary fiat money to lose his value every day
If someone wants to rob me he will get nothing
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