Why have Bitcoin instead of cash? - page 99.

crairezx20

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Quote from: gabmen on November 15, 2016, 11:22:15 AM

Quote from: IsaacBitcoiner on November 15, 2016, 09:02:23 AM

Quote from: m4xp0w3r7 on November 14, 2016, 07:39:54 AM

Bitcoin is an investment and you can earn money with bitcoin, which you can't do with just cash.
Bitcoin can be use to pay bills or goods online, so it's more convenient

I think Bitcoin, besides being a currency, can be a good long term investiment. But in order to be a sucessfull currency, we need more merchants offering goods and services for Bitcoin. At the moment this number is quite limited.

Thats the thing there. Even though bitcoin has a lot of benefits for those using it, as of now the institutions and businesses accepting bitcoin are also few. For now i think its better as youve said, to keep bitcoin as an investment and not for everyday spending

bitcoin is already an investment but you can still use it as your daily spend because if you don't use it and just hold it you are not helping bitcoin to be popular.. so better to separate your investment and your spending.. honestly for me i use my bitcoin not daily but weekly in many different way buy domains and hosting and and use bitcoin for paying my and funded my advertising every week..
It helps me a lot the other thing i use it in trading.. it gives me good result and more profit.. ..

Agraoclya

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Bitcoin is more safe you cannot get robbed as a example, you can always have it with you if you have your phone with you.
Another thing is that you can pay with it all over the globe no transfer to fiat.

gabmen

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Quote from: IsaacBitcoiner on November 15, 2016, 09:02:23 AM

Quote from: m4xp0w3r7 on November 14, 2016, 07:39:54 AM

Bitcoin is an investment and you can earn money with bitcoin, which you can't do with just cash.
Bitcoin can be use to pay bills or goods online, so it's more convenient

I think Bitcoin, besides being a currency, can be a good long term investiment. But in order to be a sucessfull currency, we need more merchants offering goods and services for Bitcoin. At the moment this number is quite limited.

Thats the thing there. Even though bitcoin has a lot of benefits for those using it, as of now the institutions and businesses accepting bitcoin are also few. For now i think its better as youve said, to keep bitcoin as an investment and not for everyday spending

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Quote from: Betwrong on November 15, 2016, 05:42:59 AM

Cash still is much more convenient to use in everyday life than Bitcoin. Although I'm a big fan of Bitcoin I can't say otherwise unfortunately. This is especially so if you are somewhere in rural places, they have never even heard about Bitcoin in the first place.

I know this situation will change in the future, but for now it is like it is.

In general, I agree with what you said. It is almost impossible to spend bitcoins directly in real life, for example, to buy food in a grocery shop. But as I have already said it on numerous occasions, the very idea of spending bitcoins on everyday things is not much encouraging itself, to say the least. On the other hand, payment cards are out of hand more convenient than cash wherever they can be used. I always have a few banknotes in my pocket, along with my bank card, just in case. Wear and tear doesn't seem to affect the card but I have to spend the banknotes regularly since they pretty quick turn into crumpled pieces of paper...

And then here come Bitcoin payment cards

IsaacBitcoiner

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Quote from: m4xp0w3r7 on November 14, 2016, 07:39:54 AM

Bitcoin is an investment and you can earn money with bitcoin, which you can't do with just cash.
Bitcoin can be use to pay bills or goods online, so it's more convenient

I think Bitcoin, besides being a currency, can be a good long term investiment. But in order to be a sucessfull currency, we need more merchants offering goods and services for Bitcoin. At the moment this number is quite limited.

goldcoinminer

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Quote from: Sithara007 on November 15, 2016, 06:47:49 AM

Quote from: Betwrong on November 15, 2016, 05:42:59 AM

Cash still is much more convenient to use in everyday life than Bitcoin.

I don't think so. For me carrying physical cash is not only risky, but also inconvenient. On the other hand, I can make Bitcoin payments from my mobile phone in a matter of few seconds. It is convenient, and risk-free.

It's not risky if you are not carrying a big amount of cash, admit it we re using cash in our real life and in a daily basis. If only bitcoin will be accepted anywhere then I might turn down cash but I have no choice, I need to survive in life and to survive we need cash.

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Quote from: Betwrong on November 15, 2016, 05:42:59 AM

Cash still is much more convenient to use in everyday life than Bitcoin.

I don't think so. For me carrying physical cash is not only risky, but also inconvenient. On the other hand, I can make Bitcoin payments from my mobile phone in a matter of few seconds. It is convenient, and risk-free.

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Quote from: Betwrong on November 15, 2016, 05:42:59 AM

Cash still is much more convenient to use in everyday life than Bitcoin. Although I'm a big fan of Bitcoin I can't say otherwise unfortunately. This is especially so if you are somewhere in rural places, they have never even heard about Bitcoin in the first place.

I know this situation will change in the future, but for now it is like it is.

You are absolutely correct, the price of bitcoin is volatile so it's only good for investment and you cannot put all your money in bitcoin unless you want to risk it all. Use cash for your needs and wants maybe but use bitcoin for your investment because that's how you make money.

Betwrong

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Cash still is much more convenient to use in everyday life than Bitcoin. Although I'm a big fan of Bitcoin I can't say otherwise unfortunately. This is especially so if you are somewhere in rural places, they have never even heard about Bitcoin in the first place.

I know this situation will change in the future, but for now it is like it is.

Xester

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Quote from: Capradina on November 14, 2016, 08:25:25 AM

Quote from: madwica on November 14, 2016, 08:19:42 AM

I prefer to have bitcoin investment than cash investment because i know and i see the value of bitcoin will brings a lot of profit to the investor. But for daily basis i need cash to spend for my daily needs.

It is indeed true, that it is absolutely the most fun is investing in the bitcoin. Investments made in the bitcoin is suffice it's easy and everyone will surely can benefit in the bitcoin if can play well and also has considerable patience. The investment is to buy as much as possible while bitcoin low price and save it, then sell when the price of the bitcoin is very high

i agree.. its easy to use bitcoins in terms of investment. less stress of going out to fall in line in bank and deposit your investment. besides it is safe also and its price was not stable, it can be more higher than its value by the other day. unlike on cash, if u have one thousand dollars and keep it vin your wallet, even if a thousand years its value was still one thousand dollars. unlike on bitcoins that is continuously increasing.

markyminer

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Quote from: stark101 on November 14, 2016, 07:31:45 AM

Quote from: michkima on November 13, 2016, 06:11:27 AM

Bitcoin is safer, faster and easier to use "once you get used to it" than cash, I think it will become the new standard of money in the future, electronical money in general is competing seriously with paper money.

Yes that's true. Since we are facing modern technology, it is better to have bitcoin rather in cash. Bitcoin is really the application in terms of transactions. Also your right dude that this is the new modern money in the present and even in the future.

yes i also think so, to me as the new generation are in favour of online trading they give preference to online shopping therefore in future we can expect that bitcoin will be one of the most popular currency of the world,

TheGodFather

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Quote from: J Gambler on November 14, 2016, 09:37:39 AM

Having a cash is a big adavantage than bitcoin some of us will not going to choose bitcoin and it will going to choose cash . Cash has a lot of features than bitcoin we can really use our cash in physical use everyday and you can use your bitcoin in physical way. And you can save it into bank and get some loan instantly and more security done bitcoin wallet.

you're right we can use cash on our everydaylife than btc. in bitcoin it's still not accept on our economy to use in our everyday life that's why we can't use it to buy on a shopping malls. we still need the fiat system. but with the help of bitcoin we can reduce the cutting trees in our earth just to produce paper money.

BitcoinPC

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Quote from: madwica on November 14, 2016, 08:19:42 AM

I prefer to have bitcoin investment than cash investment because i know and i see the value of bitcoin will brings a lot of profit to the investor. But for daily basis i need cash to spend for my daily needs.

Online Investment wise and online trading wise bitcoin is really best way. Because only hold the cash, useless way, and also if we do investment with our cash, So it will be done only when we know about any investment very well. Otherwise, in bitcoin everyone can do it and You are right saying, Bitcoin is more valuable than cash. Because, If we only hold the bitcoin and not use it in any way, than also bitcoin give us profit.

marlboroza

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Quote from: shyich03 on November 11, 2016, 09:57:47 AM

Ome up side for cash, tho, is that transactions are confirmed instantly, which is crucial for certain cases, like supermarkets, gas stations, and such. We might be able to replace those types of services in the future and by then btc outwins cash 100%

Not really. Transactions are sent instantly, but for confirmations it takes up to 10 minutes(if fee is high enough). If network is overloaded or you payed lower fee than required it could take hours to confirm. So imagine, you refill fuel tank, send for example 0.1 BTC and than you have to wait 1 or 2 confirmation to go away from gas station. Or they allow you to leave with unconfirmed tx, and you double spend coins.

J Gambler

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Having a cash is a big adavantage than bitcoin some of us will not going to choose bitcoin and it will going to choose cash . Cash has a lot of features than bitcoin we can really use our cash in physical use everyday and you can use your bitcoin in physical way. And you can save it into bank and get some loan instantly and more security done bitcoin wallet.

Achargeturry78

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for my opinion i prefer btc than cash in btc i can send and received money anonymously and i can grow my money in investing bitcoin. if you invest your money in banks. you can lose it when the bank declared any news about bankruptcy but if you use your money to invest in bitcoin more or less you will have more steady source of income and don't be scared investing in gambling sites they can double your income with steady profit

Mastsetad

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Quote from: m4xp0w3r7 on November 14, 2016, 07:39:54 AM

Bitcoin is an investment and you can earn money with bitcoin, which you can't do with just cash.
Bitcoin can be use to pay bills or goods online, so it's more convenient

Basically the thing is that if you have cash it is just normal, but if you have bitcoins it is just like an investment because the amount of money held in bitcoins keep growing with the time while the money you have as cash remains the same even after years.

cryptothinker

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Good points, but besides all these features, it's not advisable to have all your money in bitcoins. It may be wise to have a good portion of it invested in bitcoins, but to protect yourself against volatility, it's also important to have fiat savings.

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Quote from: Kotone on November 14, 2016, 08:30:57 AM

Quote from: freedomgo on November 07, 2016, 08:02:50 AM

Quote from: Kotone on November 07, 2016, 06:29:27 AM

Quote from: Icathia on October 12, 2016, 10:17:00 AM

Having bitcoin instead of cash is just nice because you can make some nice amounts with it and its also that you can use it globally.
Another fact is that you can make profit with just holding it too!

It's really nice having both of them how can you make some cash when you don't have bitcoin yeah? of me it is really good when you have this two you can make or buy you want from internet and buy some foods physically i want to have this both when you are going to travel too yes bitcoin you make profit by holding it.

Exactly, you have your cash in your daily expenses and you have your bitcoins as your investment. It's hard to choose only one, you need both to have a more easier life in terms of transaction, cash has been here for so long and bitcoin is new but they are both valuable for me.

When we are going to choose bitcoin instead of cash we can't really use bitcoin in our daily expenses in life and bitcoin is just for investment only and trading into another currencies. It's not hard to choose when we are talking money thats why we are talking both and choosing both

I agree with you, Don't just choose one but choose them both because they both have their own advantage and you can't just choose money over bitcoin or vice versa, It is best to choose both because if you have money and you have bitcoin as a investment then you are good to go and you don't need to worry about paying daily expenses because you have both and you don't need to worry about long term profits since you also have bitcoin

.

chixka000

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Quote from: m4xp0w3r7 on November 14, 2016, 07:39:54 AM

Bitcoin is an investment and you can earn money with bitcoin, which you can't do with just cash.
Bitcoin can be use to pay bills or goods online, so it's more convenient

Money is an ivestment as well? Ans you could also earn bitcoin from money? Are serious mate? Cash was in the first place are probably going to use when we do pay our bills and online needs. I guess thats the only thing that you have said correctly that unlike cash bitcoin much way more convenient

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