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Author Topic: Why have Bitcoin instead of cash?  (Read 246094 times)
VanDeinsberg12
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June 04, 2017, 04:41:35 AM
 #2341

i hold bitcoin as my investment, with bitcoin i can mine them but not for cash i can not mine cash by machine
It is not the main reason those are trying to grab bitcoin in this time. bitcoin offer the easiest ways to send your money around the world and be your own bank to manage all of your economic through bitcoin itself.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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June 04, 2017, 04:44:50 AM
 #2342

Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Yeah clearly this is the reason why i have and use bitcoins instead of using real cash in purchasing online.Its tax free unlike real cash that taxes may go up to 20% of the price of the product you bought when they undergo in the customs specially here in philippines
I think you'll be taxed alike even if you buy goods using bitcoin. If you buy goods abroad and directly you will receive tax from customs

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June 04, 2017, 06:32:28 AM
 #2343

i hold bitcoin as my investment, with bitcoin i can mine them but not for cash i can not mine cash by machine
It is not the main reason those are trying to grab bitcoin in this time. bitcoin offer the easiest ways to send your money around the world and be your own bank to manage all of your economic through bitcoin itself.

That's a reason and other than this I haven't found anything that grows in value same as bitcoin. So for this reason I always hold the required amount for expenses in cash and the rest in the form of bitcoin. Hope the same thinking might be there with most users who have bitcoin instead of cash.

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June 04, 2017, 10:38:20 AM
 #2344

i hold bitcoin as my investment, with bitcoin i can mine them but not for cash i can not mine cash by machine
It is not the main reason those are trying to grab bitcoin in this time. bitcoin offer the easiest ways to send your money around the world and be your own bank to manage all of your economic through bitcoin itself.

That's a reason and other than this I haven't found anything that grows in value same as bitcoin. So for this reason I always hold the required amount for expenses in cash and the rest in the form of bitcoin. Hope the same thinking might be there with most users who have bitcoin instead of cash.

I think too many people are looking at this wrong.  For the moment, in the current state of distrust and lack of government control, it is not a matter of FIAT versus BTC.  It is more like two forms of payment that differ and can be used in different situations.  Right now, Bitcoin serves a purpose, with anonymity and other benefits that FIAT does not provide.  FIAT can be used places that BTC is not taken, both have their place for the moment.  

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June 04, 2017, 12:31:58 PM
 #2345

Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Yeah clearly this is the reason why i have and use bitcoins instead of using real cash in purchasing online.Its tax free unlike real cash that taxes may go up to 20% of the price of the product you bought when they undergo in the customs specially here in philippines
If you buy goods abroad using bitcoin certainly will not be taxed. Maybe this can be applied in salary in every company. So you do not have to pay taxes for income lol
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June 04, 2017, 12:39:51 PM
 #2346

Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Yeah clearly this is the reason why i have and use bitcoins instead of using real cash in purchasing online.Its tax free unlike real cash that taxes may go up to 20% of the price of the product you bought when they undergo in the customs specially here in philippines
If you buy goods abroad using bitcoin certainly will not be taxed. Maybe this can be applied in salary in every company. So you do not have to pay taxes for income lol


And also bitcoin is a great way to grow your money thru investment with either bitcoin alone or to other cryptocurrencies also who are doing well. There is also other way to grow your money with a significant amount that is thru trading though it needs enough knowledge and experience to be an effective one but still you can achieve that by giving time and effort to do so.
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June 04, 2017, 12:58:59 PM
 #2347

i hold bitcoin as my investment, with bitcoin i can mine them but not for cash i can not mine cash by machine
It is not the main reason those are trying to grab bitcoin in this time. bitcoin offer the easiest ways to send your money around the world and be your own bank to manage all of your economic through bitcoin itself.

As for me, bitcoin is a must have rather than using cash. Cash is quite heavy when you buy something from bills to coins especially when you go shopping or even buying groceries. On the other hand, bitcoin is accessible and convenient to use it seems like you are bringing the bank with you wherever you go. You can manage at your own pace and there's nothing to worry when you carry it with you because just a click on your gadget or smartphone, you can access your account in bitcoin. Therefore, bitcoin is a must have instead of cash.
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June 04, 2017, 01:15:23 PM
 #2348

Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Yeah clearly this is the reason why i have and use bitcoins instead of using real cash in purchasing online.Its tax free unlike real cash that taxes may go up to 20% of the price of the product you bought when they undergo in the customs specially here in philippines
If you buy goods abroad using bitcoin certainly will not be taxed. Maybe this can be applied in salary in every company. So you do not have to pay taxes for income lol

Taxes can be a major concern for the government in that situation. We always need to remember that Bitcoin earnings is taxable and by no any means are tax exempted. If the demand and usage of Bitcoin becomes more dominant in a country the government will start to find that they are getting less and less tax, and they will find the root cause of it and that is Bitcoin of course.   

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June 04, 2017, 01:52:20 PM
 #2349


Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Yeah clearly this is the reason why i have and use bitcoins instead of using real cash in purchasing online.Its tax free unlike real cash that taxes may go up to 20% of the price of the product you bought when they undergo in the customs specially here in philippines
I also like bitcoin rather than cash because of it, one of them being digital and anonymous that makes bitcoin untraceable and spared any kind of intervention and tax
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June 04, 2017, 02:14:50 PM
 #2350

Because bitcoin is a digital currency and every country still has a lot that has not yet formalized it so bitcoin can not afford to be cash.
But with the bitcoin all its users must feel the ease of transactions with Fast, worldwide transactions at your fingertips.
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June 04, 2017, 04:39:34 PM
 #2351


Besides, Bitcoin is an invisible gold and do not be restricted by the customs.
Yeah clearly this is the reason why i have and use bitcoins instead of using real cash in purchasing online.Its tax free unlike real cash that taxes may go up to 20% of the price of the product you bought when they undergo in the customs specially here in philippines
I also like bitcoin rather than cash because of it, one of them being digital and anonymous that makes bitcoin untraceable and spared any kind of intervention and tax

yes , i like bitcoin rather than cash because, we can earn bitcoin without any problems because we can earn it anonymously without the notice of the goverment. and there are several things that we can earn bitcoin , and if we are going to withdraw that, we have no taxes to be paid of, only the transactions fees in the online wallet. i must prefer bitcoin rather than in cash.

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June 04, 2017, 04:51:02 PM
 #2352

Because bitcoin is a digital currency and every country still has a lot that has not yet formalized it so bitcoin can not afford to be cash.
But with the bitcoin all its users must feel the ease of transactions with Fast, worldwide transactions at your fingertips.

Formalized? more like accepted it. Bitcoin is being accepted throughout the world, the problem is some country wants their own currency and use that as their own, not accepting bitcoin but just as a asset or used to exchange but not a payment. I don't know their motives doing these though. Having bitcoin also gives you freedom from government and taxes unlike cash because it is decentralized.
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June 04, 2017, 04:54:13 PM
 #2353

Because bitcoin is a digital currency and every country still has a lot that has not yet formalized it so bitcoin can not afford to be cash.
But with the bitcoin all its users must feel the ease of transactions with Fast, worldwide transactions at your fingertips.

For some country forbid bitcoin usage because of security issue, it's reasonable in order to protect people from any damage
IMO, I'm personally using bitcoin as investation rather as currency !

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June 05, 2017, 02:59:21 AM
 #2354

Because you don't need anyone to keep it for you on your behalf. You can use the Greece example and you can see how things can messed up so much just because you think that banks are safe but they are not. In other words, with bitcoin you are in control of your own money and use it when you want and everywhere you go.

bitcoin can we save with our desire on their own, and we can use our purposes because corresponding bitcoin in supervision and control of ourselves. we do not need anyone to put it on behalf of the US. If we think save in banks will be more secure but not bitcoin. you have to keep track of it because it is your own money that you saved in the form of bitcoin.
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June 05, 2017, 04:52:46 AM
 #2355

It is simply because, cash doesn't profit when you just hold it. When you have 10000 worth of cash it will remain 10000 for a long time. Because cash does not change its value. While in bitcoin, if you hold bitcoin in your wallet, it has the possibility to double or triple its value.

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June 05, 2017, 05:58:39 AM
 #2356

Because bitcoin is a friendly users, by the help of coins online shop were easily provided our order because it easy to send bitcoin than paying cash. Also you don't need to withdraw and easy to check the account.
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June 05, 2017, 06:21:41 AM
 #2357

Because bitcoin is a friendly users, by the help of coins online shop were easily provided our order because it easy to send bitcoin than paying cash. Also you don't need to withdraw and easy to check the account.
You will remember How much time did you need in order to fully study everything and start using crypto-currencies. And now only imagine how this will be done by those people who have very little education. And also in question is the children and the elderly, who have much less opportunity to use crypto currency. It seems to me that their choice will still be for real money.
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June 05, 2017, 06:34:06 AM
 #2358

Because bitcoin is a friendly users, by the help of coins online shop were easily provided our order because it easy to send bitcoin than paying cash. Also you don't need to withdraw and easy to check the account.
It's user friendly to those who fully understand how to use this but actually it is not for the majority because this is a new technology to them and they might not fully understand the terminologies of bitcoin. I am not a IT guy but I find this easy to use because I really love to earn, if only they have the interest it would be easy for them to understand.

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June 05, 2017, 08:19:58 AM
 #2359

Because bitcoin is a friendly users, by the help of coins online shop were easily provided our order because it easy to send bitcoin than paying cash. Also you don't need to withdraw and easy to check the account.
You will remember How much time did you need in order to fully study everything and start using crypto-currencies. And now only imagine how this will be done by those people who have very little education. And also in question is the children and the elderly, who have much less opportunity to use crypto currency. It seems to me that their choice will still be for real money.

As much as we want to help these people, but these people don't matter here. They don't know how to use it, okay. We can't conduct tutoring classes to them. We can't start educating them about basic education just so they can finally understand bitcoins. There will always be people that's left behind in the society.


Because bitcoin is a friendly users, by the help of coins online shop were easily provided our order because it easy to send bitcoin than paying cash. Also you don't need to withdraw and easy to check the account.
It's user friendly to those who fully understand how to use this but actually it is not for the majority because this is a new technology to them and they might not fully understand the terminologies of bitcoin. I am not a IT guy but I find this easy to use because I really love to earn, if only they have the interest it would be easy for them to understand.

Hun, no one understood something right away. No one knew a language since birth. No one knew how to properly wipe their asses right when they got out of their mother's womb. There will always be a learning process to everything although the length might differ to each one of us. Bitcoin was made not only for techie people or smart people, bitcoin was made for everyone. It's not that hard to understand bitcoins if you actually put effort to it.

In terms of bitcoin adoption, these people would know what to do at that point. There will be extra extra intuitive applications for having bitcoins. Today, what we have is an online wallet. And the other aspects about bitcoin will just be learned through the word of mouth because it's become a popular topic. Simply put, bitcoin will be so common that people can just easily understand it through their friends.

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Sir Legend
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June 05, 2017, 08:55:45 AM
 #2360

i hold bitcoin as my investment, with bitcoin i can mine them but not for cash i can not mine cash by machine
I think this is a different matter, I'll still use cash and also had a bitcoin. Cash to meet the needs of every day and I use bitcoin for long term investment (more than 1 year).
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