Why have Bitcoin instead of cash?

[Imman Mariano]

It’s fast w hen you pay a cheque from another bank into your bank, the bank will often hold that money for several days, because it can’t trust that the funds are really available. Similarly, international wire transfers can take a relatively long time. Bitcoin transactions, however, are generally far faster.Transactions can be instantaneous if they are “zero-confirmation” transactions, meaning that the merchant takes on the risk of accepting a transaction that hasn’t yet been confirmed by the bitcoin blockchain. Or, they can take around 10 minutes if a merchant requires the transaction to be confirmed. That is far faster than any inter-bank transfer.

[SilverChromia]

Because we all know what are the potential of bitcoin that cash doesnt have. Maybe we can say that cash has an advantage but i dont see that it can compare or comparable to the advantage of bitcoin because in terms of security we all know that we can secure and we do not have to worry too much about our bitcoins. If we keep it maybe it can also be helpful but not like the cash that you cant keep it forever

[Alalex]

why there is no cash because it is ready for cash with each other in the world. while bitcoin is fiat money used for online services / online payments. but bitcoins can be converted into cash in their respective countries. Because of that bitcoin currency can be tried the world, we can have it with the knowledge of development pertambangngan nya.disana we will produce many btc.semakin balances btc, the price can also be higher. But it all took a long time for some btc.

[Dux2K]

Simple bitcoin price is moving high and many see this as good opportunity to increase savings or retirement fund.

[fearcoka]

Because we all know what are the potential of bitcoin that cash doesnt have. Maybe we can say that cash has an advantage but i dont see that it can compare or comparable to the advantage of bitcoin because in terms of security we all know that we can secure and we do not have to worry too much about our bitcoins. If we keep it maybe it can also be helpful but not like the cash that you cant keep it forever

Why not? Including Bitcoin, you also can't keep it for long time if you don't have the method to keep your private key be safe forever. Do you know the method to keep data safe forverer? Honestly, I don't know any method can do that. Everything can disappear someday, that's the rule of the world.

[Pattart]

Because we all know what are the potential of bitcoin that cash doesnt have. Maybe we can say that cash has an advantage but i dont see that it can compare or comparable to the advantage of bitcoin because in terms of security we all know that we can secure and we do not have to worry too much about our bitcoins. If we keep it maybe it can also be helpful but not like the cash that you cant keep it forever

Why not? Including Bitcoin, you also can't keep it for long time if you don't have the method to keep your private key be safe forever. Do you know the method to keep data safe forverer? Honestly, I don't know any method can do that. Everything can disappear someday, that's the rule of the world.

nope, I think bitcoin can do that? that's the point of a digital currency you can keep it in a desktop wallet or the like and leave it for a very long time and you will not lose any bitcoin. bitcoin has better security than cash. flexibility in bitcoin is also a special thing that is not owned by cash. digital currency is the future that's why bitcoin instead of cash.

[Charisse1229]

9) It is far easier to carry 500 BTC with you on a plane than 500 BTC worth of cash.

There's many benefits about using bitcoin over fiat at the moment for the average person, but it's the future potential and benefits I'm interested in, becuase bitcoin is ah very high value. Bitcoin is a huge help for the people who want to use it for payment or doing transaction and also for investment purposes, bitcoin is a very good source of getting a lot of money

[djablom1]

Because we all know what are the potential of bitcoin that cash doesnt have. Maybe we can say that cash has an advantage but i dont see that it can compare or comparable to the advantage of bitcoin because in terms of security we all know that we can secure and we do not have to worry too much about our bitcoins. If we keep it maybe it can also be helpful but not like the cash that you cant keep it forever

Why not? Including Bitcoin, you also can't keep it for long time if you don't have the method to keep your private key be safe forever. Do you know the method to keep data safe forverer? Honestly, I don't know any method can do that. Everything can disappear someday, that's the rule of the world.

nope, I think bitcoin can do that? that's the point of a digital currency you can keep it in a desktop wallet or the like and leave it for a very long time and you will not lose any bitcoin. bitcoin has better security than cash. flexibility in bitcoin is also a special thing that is not owned by cash. digital currency is the future that's why bitcoin instead of cash.

I agree with you the security is indeed better with bitcoin and it is much harder to steal also i personally think that bitcoin is much better because it can give you profit of course cash can give you profit too if you put it in a bank but it cannot give you 1k profit in one day can it?

[davinchi]

It’s fast w hen you pay a cheque from another bank into your bank, the bank will often hold that money for several days, because it can’t trust that the funds are really available. Similarly, international wire transfers can take a relatively long time. Bitcoin transactions, however, are generally far faster.Transactions can be instantaneous if they are “zero-confirmation” transactions, meaning that the merchant takes on the risk of accepting a transaction that hasn’t yet been confirmed by the bitcoin blockchain. Or, they can take around 10 minutes if a merchant requires the transaction to be confirmed. That is far faster than any inter-bank transfer.

The reason why I would choose Bitcoin over Fiat is because of it is a potential Investment and those who invest on it keeps on making money all the time and getting rich. I don’t invest into it just because of security or being fast, neither do I follow it because it is Decentralized.

In terms of security, I don’t know if BITCOIN is better than banks, can’t really tell, but bank will be more better, though Bitcoin is good.

[Savemore]

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 think you have a good point. Bitcoins has more uses than cash! Satoshi is really a genius! Bitcoin is existed because of Satoshi. I believe that many more people will adapt and accept bitcoin.

[akishang]

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.

In my opinion, I would still prefer cash because you can do anything if you have it in your hand. Having coins was great but the services and things that you can buy are limited. In the future, I hope it will be possible for everyone to buy anything using bitcoin. It will provide more security (instead of going to the mall with a bag full of cash LOL), convenience and fast transaction.

[insom]

Bitcoin is safer than cash no one have the right to take it from you not the goverment not the IRS, it's fast and worldwide wich make it easey  to do business from you own house.

I think this is very easy to answer basically attributable to the very reality its significantly more secure at first reason, another intention is that you essentially can't lose it in any regard.

Well its feasible to lose it however that its essentially.. moronic, another reason why its better its not in this way ransacked simplyand furthermore advanced that is additionally decent you'll everlastingly have it at you(cellphone).

[rog1121]

1) Defninitely if you will take care about yourself you can be much more anonymous. So more secured.

2) Bitcoins are a potential investment, cash also potential but you need much more knowledge experience etc. here you only buy and wait. Usually you don't hav to trade oonly keep. Paper currency used to goes down in value and sometimes a little bit higher, comparing to another currency(FIAT).

3) Fast, worldwide transactions with smaller transaction fee(i don't say about btc).

4) It is not legal and not illegal usually in my opinion. Goverments are thinking about crypto so we don't know how will it end.

Bitcoin is more and more better than cash because bitcoin is secure in your wallet and the other reason is that the rate of bitcoin is varying when the rate increased then your bitcoin automatically increased.

[nagatraju]

the idea is good, but so far inconsistent in my opinion...bitcoin still needs refinement so that it can be so easy to use...that's why cash is here))

[Harrisonimo]

Good points and like all stated. Bitcoin has been an investment and a very strong leverage for getting into wealth for most youths at the moment. It has been a sort of help directly and indirectly to some developing countries. I will lay emphasis on the help Cryptocurrency/bitcoin has done in this few months; years as regards the rate of unemployment. And let us also note that bitcoin has overpowered the fiats and had been a source to generating more cash too.

[finlandais]

The basic reason to have Bitcoin instead of cash is the potential of Bitcoin to rise more .If we will have money in the form of Bitcoin then we are automatcally getting our money increased with time but no such increment is there in the case of cash.

[arallmuus]

the idea is good, but so far inconsistent in my opinion...bitcoin still needs refinement so that it can be so easy to use...that's why cash is here))

Bitcoin needs nothing more than people's awareness that it is better than fiat. Some people are aware of this but some are not, well in fact alof of people are not aware of this yet

The basic reason to have Bitcoin instead of cash is the potential of Bitcoin to rise more .

We are rising more than gold and there is no point to rise more than fiat because it will always be pegged with fiat

If we will have money in the form of Bitcoin then we are automatcally getting our money increased with time but no such increment is there in the case of cash.

You are a delusional because it just seems to me that you think of bitcoin of nothing more than a tool that will make you rich. It is much more than that to be honest and you got to learn of it

[FlTZ]

We are far away bitcoin will dominate the world. Banks will fight it and their plans include creation of their coins using centralized blockchains. Till now banks and governments follow "wait and see" strategy because bitcoin supporters are a small percentage compared the worldwide population. Banks will not keep their fingers crossed if they see a mass people's adoption to crypto - currencies.

[Rashid555]

The economy like cash base where the cash is less used for each and every transaction in the economy or we can say the cash circulation in the economy is less. So the electronic money like debit card credit card and other online transfer through banks are operating now. But now the most users transfer their funds through online exchanges in  more safe way and that’s why the bitcoin become more popular now.

[babsalt1975]

With the experience I have had for the past 2 years with bitcoin, I can confidently say that it is better to have bitcoin than cash. I regret because there was a time I had 10 btc and disposed them off with the fear that the value might go down. If I had the 10 btc now, the story would be different. By then the price was $250, and now, it has just crossed the $10,000 mark.