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Author Topic: Why have Bitcoin instead of cash?  (Read 245327 times)
SugoiSenpai
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November 10, 2017, 02:01:11 PM
 #3081

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.
I Agree, Bitcoin is much better than Paper currency. Bitcoin is more convenient in so many aspects and what you have enumerated is also the reason why we must have bitcoins instead of cash. By the system of blockchain, governments become decentralized and prevent them from stealing the peoples money. Bitcoin is probably more fair than our Paper money today. Bitcoin also decreases the risk of crimes such as robbery from people, no one can steal if it is digital and not physical money. It also helps people to deliver their money worldwide without the hassle.

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November 10, 2017, 02:01:28 PM
 #3082

Because by holding bitcoin. We can have opportunity the money we invest in it can grow, unlike fiat. Bitcoin is the most practical way to earn money with complete control in own hands.
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November 10, 2017, 02:18:21 PM
 #3083

Because it is much easier to buy things with bitcoin from internet and limit the risks and your bitcoin's true value could increase day by day unlike cash  which will remain stable through time even if things get more expansive  .
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November 10, 2017, 02:27:22 PM
 #3084

The word cash comes in mind its full of risk you cant carry cash easily from one place to another may b it robbed or lost so bit coin safe you from all these kind of risks and make easiness for you.it is expected that in future cash will be took place by bitcoin most developed countries central banks threat by bitcoin and thinking to buy bit coin secure the economy of the country.
Many bitcoin earners hold their bitcoin instead of converting it all to cash because of the abrupt rising of bitcoin value. And for that reason they hold their bitcoin to gain more profit soon, bitcoin value is oscillating and its favor in rising then it is a good sign for the future of that crypto currency, as many bitcoin earners hopes that years later the value of bitcoin  will double its value for the coming years.

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November 10, 2017, 02:45:27 PM
 #3085

The word that can answer your question is "Security". Bitcoin makes your savings secured since it is an online currency. No one can steal an online currency. It makes your transactions secured since there's no need to deposit/withdraw. You just pay online.

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November 10, 2017, 04:47:04 PM
 #3086

The word cash comes in mind its full of risk you cant carry cash easily from one place to another may b it robbed or lost so bit coin safe you from all these kind of risks and make easiness for you.it is expected that in future cash will be took place by bitcoin most developed countries central banks threat by bitcoin and thinking to buy bit coin secure the economy of the country.
Many bitcoin earners hold their bitcoin instead of converting it all to cash because of the abrupt rising of bitcoin value. And for that reason they hold their bitcoin to gain more profit soon, bitcoin value is oscillating and its favor in rising then it is a good sign for the future of that crypto currency, as many bitcoin earners hopes that years later the value of bitcoin  will double its value for the coming years.
Bitcoin is the easiest way to earn money.It is easy to regulate as it is operated online.It is also easy to handle than the paper money.Bitcoin wallet is used for receiving the payment.Physical money is not possible to be carried everywhere but bitcoin can be carried anywhere irrespective of whatever the amount is.Investing in bitcoin also gives huge returns.Holding bitcoin can lead to more money.But this is not possible in case of fiat currency.Bitcoin can also reduce the risk of theft as it is all internet regulated.
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November 10, 2017, 05:20:54 PM
 #3087

Bitcoin is better than cash because bitcoin value is appreciating over time while with cash you may only earn bank interest which is very low. Cool

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November 10, 2017, 05:30:42 PM
 #3088

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.
Those are really good points that bitcoin have. Those features you have stated are also the reasons that my friends who have introduced bitcoin to me makes me to get encourage to use bitcoin rather than cash. With those features you have tackled, it was clearly implied that bitcoin usage is an innovative and modernized way of handling and accessing money in which you can make use of the modern technology to make it easier for you to get all things ready with just a several clicks away from your hand.

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November 10, 2017, 06:56:00 PM
 #3089

The word cash comes in mind its full of risk you cant carry cash easily from one place to another may b it robbed or lost so bit coin safe you from all these kind of risks and make easiness for you.it is expected that in future cash will be took place by bitcoin most developed countries central banks threat by bitcoin and thinking to buy bit coin secure the economy of the country.
Many bitcoin earners hold their bitcoin instead of converting it all to cash because of the abrupt rising of bitcoin value. And for that reason they hold their bitcoin to gain more profit soon, bitcoin value is oscillating and its favor in rising then it is a good sign for the future of that crypto currency, as many bitcoin earners hopes that years later the value of bitcoin  will double its value for the coming years.
Bitcoin is the easiest way to earn money.It is easy to regulate as it is operated online.It is also easy to handle than the paper money.Bitcoin wallet is used for receiving the payment.Physical money is not possible to be carried everywhere but bitcoin can be carried anywhere irrespective of whatever the amount is.Investing in bitcoin also gives huge returns.Holding bitcoin can lead to more money.But this is not possible in case of fiat currency.Bitcoin can also reduce the risk of theft as it is all internet regulated.
No, if your computer has virus, you still have risk can stolen money by hacker, because hacker can access to your computer through malware, trojan and stolen your data, information about private key, exchange account ... from your history browser, cookie easily Wink
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November 10, 2017, 07:11:22 PM
 #3090

Bitcoin has a good value and very easy to use where you are and you can use around the world and through bitcoin we are able to earn money more in short of time because in simple holding of bitcoin in oyr wallet we have the possibility to earn money. Why? Its because bitcoin price is changeable.

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November 10, 2017, 07:21:49 PM
 #3091

Bitcoin has a decent esteem and simple to utilize where you are and you can use the world over and through bitcoin we can gain cash more in shy of time in light of the fact that in straightforward holding of bitcoin in over wallet we have the likelihood to procure cash.

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November 10, 2017, 07:58:28 PM
 #3092

Bitcoin has a good value and very easy to use where you are and you can use around the world and through bitcoin we are able to earn money more in short of time because in simple holding of bitcoin in oyr wallet we have the possibility to earn money. Why? Its because bitcoin price is changeable.
That's why I think it's better to earn money with Bitcoin and to debug them in real things. Perhaps even in real estate investment a comma as Bitcoin is really changeable.

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November 10, 2017, 08:14:55 PM
 #3093

Yes, bitcoins are good, but for now I prefer the currency more familiar to us. Despite the fact that for a long time I already have a decent account from the crypt of the currency
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November 11, 2017, 03:15:27 AM
 #3094

The word cash comes in mind its full of risk you cant carry cash easily from one place to another may b it robbed or lost so bit coin safe you from all these kind of risks and make easiness for you.it is expected that in future cash will be took place by bitcoin most developed countries central banks threat by bitcoin and thinking to buy bit coin secure the economy of the country.
Many bitcoin earners hold their bitcoin instead of converting it all to cash because of the abrupt rising of bitcoin value. And for that reason they hold their bitcoin to gain more profit soon, bitcoin value is oscillating and its favor in rising then it is a good sign for the future of that crypto currency, as many bitcoin earners hopes that years later the value of bitcoin  will double its value for the coming years.
Bitcoin is the easiest way to earn money.It is easy to regulate as it is operated online.It is also easy to handle than the paper money.Bitcoin wallet is used for receiving the payment.Physical money is not possible to be carried everywhere but bitcoin can be carried anywhere irrespective of whatever the amount is.Investing in bitcoin also gives huge returns.Holding bitcoin can lead to more money.But this is not possible in case of fiat currency.Bitcoin can also reduce the risk of theft as it is all internet regulated.
No, if your computer has virus, you still have risk can stolen money by hacker, because hacker can access to your computer through malware, trojan and stolen your data, information about private key, exchange account ... from your history browser, cookie easily Wink
That is the reason why we should have a cold storage or secure bitcoin wallet in order to prevent from being a victim of hacker. Bitcoin and other cryptocurrencies have its risk for being an online currency because there are still chances that there might be a hole for the hackers to bypass and hack the system so as long as you are putting your important things such as cryptocurrencies into a safe place like an offline wallet then you don't need to worry that much.

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November 12, 2017, 09:50:27 AM
 #3095

At this point in time there aren’t many reasons to convince someone to use bitcoin instead of cash. Cash is accepted by virtually everyone, it can be transported short distances physically with almost no hassle, and it’s an easily graspable concept. Now I said there aren’t many reasons, but there are a few big reasons. The first is that bitcoin is decentralized.
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November 12, 2017, 10:19:50 AM
 #3096

Wow, your thought up there is very interesting and to the point to where bitcoin more potential instead of cash. Bitcoin these days is more potential because of its prices that went up a lot. well, bitcoin is simply easy to use and have a lot of value  Smiley

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November 12, 2017, 10:57:10 AM
 #3097

I find very useful and functional since bitcoin coincides with the technological advancement in terms of efficiency and effectiveness of settling payment, transfering money/btc, buying and selling and even of paying bills/commodities for some county. Cashless transaction in my country is now being promoted. Some countries like Japan and India has started doing this and being practicing this already.
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November 12, 2017, 11:06:37 AM
 #3098

Bitcoins help to buy or pay a lot of things that you lazy to come in it will help you to pay bills buy things that you cannot do because you too busy bitcoins the easiest way to do.  Smiley
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November 12, 2017, 11:43:54 AM
 #3099

In my honest opinion, I prefer bitcoinsimply  because it grows. Bitcoin’s value changes from time to time, and that’s good because there is a chance that it’s value could be high. Also, thinking about the future, there is a probability that bitcoin would be used in businesses and companies, so I want to be prepared when that day comes.
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November 12, 2017, 12:05:03 PM
 #3100

Well, having bitcoin instead of cash is an advantage tonus millenials. The thing is, every transaction nowadays involves the internet. Therefore, bitcoin is far more useful than cash when it comes to the internet.


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