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Author Topic: Why have Bitcoin instead of cash?  (Read 246094 times)
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February 06, 2018, 05:59:50 AM
 #3481

Hmm, why bitcoin instead of cash.. For me, because the value of bitcoin have potential to gain more value than the cash. Because if you have 100 in cash. if you will just put it in your cabinet, do you think it will gain triple the value of it? in bitcoin yes, maybe sometimes it will go lower but we are sure that it will increase the value of bitcoin, and sometimes the amount that we dont expect.

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February 06, 2018, 06:02:22 AM
 #3482

As we all know there is risk in holding cash, and also i prefer bitcoin because it's an investment which i know it will grow my money.
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February 10, 2018, 12:04:11 AM
 #3483

In our time the era of new intoduction of modern technology ,I prefer bitcoin because as its function is multiple and easy ,while in cash there is danger of lossing the cash or you be rob, misplace so if ever the business establishment adopt the bitcoin technology so I prefer to use bitcoins.

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February 10, 2018, 12:13:23 AM
 #3484

Hmm, why bitcoin instead of cash.. For me, because the value of bitcoin have potential to gain more value than the cash. Because if you have 100 in cash. if you will just put it in your cabinet, do you think it will gain triple the value of it? in bitcoin yes, maybe sometimes it will go lower but we are sure that it will increase the value of bitcoin, and sometimes the amount that we dont expect.
Even though we all know that having bitcoin is a good thing because of the potential of our investment to grow up to double, triple or even more than that. I think that it is still good to have some cash because we know that bitcoin is not yet accepted in all over the place in the world and since we need to buy some things due to our needs or wants, we still need to have some cash for back ups.
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February 10, 2018, 01:09:04 AM
 #3485

Hmm, why bitcoin instead of cash.. For me, because the value of bitcoin have potential to gain more value than the cash. Because if you have 100 in cash. if you will just put it in your cabinet, do you think it will gain triple the value of it? in bitcoin yes, maybe sometimes it will go lower but we are sure that it will increase the value of bitcoin, and sometimes the amount that we dont expect.
Even though we all know that having bitcoin is a good thing because of the potential of our investment to grow up to double, triple or even more than that. I think that it is still good to have some cash because we know that bitcoin is not yet accepted in all over the place in the world and since we need to buy some things due to our needs or wants, we still need to have some cash for back ups.
Definitely, we still want fiat money to buy things due that bitcoin is not accepted. But for me both are definitely good. First in bitcoin, have a potential to grow your money in huge profits and and cash also good due to buy foods in the street ,or things that are needed.
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February 10, 2018, 01:16:13 AM
 #3486

Very good points. I'd like to add:

5) Banks can't steal it from you. You may think they can't steal cash either; that's not true. With central banks printing money by the hundreds of billions, and commercial banks creating money as debt like there's no tomorrow, they're effectively lowering the relative worth of your money in their advantage. Remember: stealing 5% off your deposit, or increasing the total money supply by 5% by creating it out of thin air, has essentially the same effect.

Except it doesn't. The money supply is increased as the value of goods/services in the world is increased; that is the money supply increases as the economy grows. If they both expand at the same rate, money remains stable. The fact that inflation in the US is so low (roughly 2% per year) shows that the Fed mostly does a good job inflating the money supply in conjunction with the speed of the growing economy. If your premise were to hold true, inflation would be a whole lot higher and the US dollar would depreciate at a much faster rate than it does.

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February 10, 2018, 02:46:31 AM
 #3487

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.
This is pretty much true. And it is very fast widrspreading. It has so much opportunities that it lessen the people who are unemployed. I also like the fact that it is a very fast currency, it makes payment among my peers very fast. It is also very compact, I don't even have to bring my wallet whenever I am with my friends because I can pay them with bitcoins anytime.


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February 10, 2018, 03:06:00 AM
 #3488

For me Bitcoin process was very nice strategy than cash.It's because just simple saying that anytime you can convert your bitcoin into a money then cash out.But when u temporarily considered it as bitcoin the value of it was continue to rise and because of that your bitcoin will continue to grow it's value.But in cash you have no reason that that your money will grow unlike bitcoin was continue to grow it's value.
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February 10, 2018, 04:04:17 AM
 #3489

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.
You can travel from country to country carrying a lot of cash in your smart phones without anyone to notice it. The burden of carrying a lot of money is avoided but the thing is, not all countries or institutions accept bitcoin as a means of payment.
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February 10, 2018, 04:15:39 AM
 #3490

You can travel from country to country carrying a lot of cash in your smart phones without anyone to notice it. The burden of carrying a lot of money is avoided but the thing is, not all countries or institutions accept bitcoin as a means of payment.

That is best thing if bitcoin will be accepted world wide. No need to bring a lot of cash or even your credit card, all you need to do is to have your bitcoin wallet in your phones and you are ready to go. Now your android phone is not only for taking pictures and tweeting out your every move but also it is also your travel buddy in terms of your money.

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February 10, 2018, 04:41:36 AM
 #3491

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 can say that it gives an advantages when you go through bitcoin. The reason why bitcoin is bitcoin will go through the point that it will increase its value faster unlike when you are holding a cash. Another thing is you can your money and it is more secured.
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February 10, 2018, 06:05:35 PM
 #3492

You can travel from country to country carrying a lot of cash in your smart phones without anyone to notice it. The burden of carrying a lot of money is avoided but the thing is, not all countries or institutions accept bitcoin as a means of payment.

That is best thing if bitcoin will be accepted world wide. No need to bring a lot of cash or even your credit card, all you need to do is to have your bitcoin wallet in your phones and you are ready to go. Now your android phone is not only for taking pictures and tweeting out your every move but also it is also your travel buddy in terms of your money.
Smartphone isn't a good hardware to store your cryptocurrency. You need to have a hardware wallet like Ledger Nano S or TRAZOR or a laptop to bring it anywhere and this laptop has wallet store cryptocurrency. The benefit of cryptocurrency is helps you skip many times for verifying from the government and global transfer money with cheapest fees, these things are the best benenfit for the moment if compare to cash, IMO

Time off to sleep ... ( ̄︶ ̄)~
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February 10, 2018, 07:29:32 PM
 #3493

You can travel from country to country carrying a lot of cash in your smart phones without anyone to notice it. The burden of carrying a lot of money is avoided but the thing is, not all countries or institutions accept bitcoin as a means of payment.

That is best thing if bitcoin will be accepted world wide. No need to bring a lot of cash or even your credit card, all you need to do is to have your bitcoin wallet in your phones and you are ready to go. Now your android phone is not only for taking pictures and tweeting out your every move but also it is also your travel buddy in terms of your money.
Smartphone isn't a good hardware to store your cryptocurrency. You need to have a hardware wallet like Ledger Nano S or TRAZOR or a laptop to bring it anywhere and this laptop has wallet store cryptocurrency. The benefit of cryptocurrency is helps you skip many times for verifying from the government and global transfer money with cheapest fees, these things are the best benenfit for the moment if compare to cash, IMO
Bitcoin is somewhat better than cash in some ways.Firstly the transactions done through Bitcoin are much more easier than the normal cash.For transferring cash you need to go to the bank and then do some procedures.But for transferring Bitcoins you just need to have a bitcoin wallet and you can transfer any amount of Bitcoins from one person to another.Taxes cannot be applied on Bitcoin so the person receives full amount of money.Bitcoin is also the fastest way to earn money.Investing in Bitcoin is also a good way to earn a lot of money and that too in a lesser duration.
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February 10, 2018, 07:59:22 PM
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 #3494

Saving a cash at your home or in a bank is a risk because they may be stolen from you. While saving a bitcoin is same way as investing because it has the potential to grow and enable you to get huge profits. Having lots of cash when you travel is a lot hassle and too risky than that of bitcoin.

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February 11, 2018, 06:30:44 PM
 #3495

You can travel from country to country carrying a lot of cash in your smart phones without anyone to notice it. The burden of carrying a lot of money is avoided but the thing is, not all countries or institutions accept bitcoin as a means of payment.

That is best thing if bitcoin will be accepted world wide. No need to bring a lot of cash or even your credit card, all you need to do is to have your bitcoin wallet in your phones and you are ready to go. Now your android phone is not only for taking pictures and tweeting out your every move but also it is also your travel buddy in terms of your money.
Smartphone isn't a good hardware to store your cryptocurrency. You need to have a hardware wallet like Ledger Nano S or TRAZOR or a laptop to bring it anywhere and this laptop has wallet store cryptocurrency. The benefit of cryptocurrency is helps you skip many times for verifying from the government and global transfer money with cheapest fees, these things are the best benenfit for the moment if compare to cash, IMO
Bitcoin is somewhat better than cash in some ways.Firstly the transactions done through Bitcoin are much more easier than the normal cash.For transferring cash you need to go to the bank and then do some procedures.But for transferring Bitcoins you just need to have a bitcoin wallet and you can transfer any amount of Bitcoins from one person to another.Taxes cannot be applied on Bitcoin so the person receives full amount of money.Bitcoin is also the fastest way to earn money.Investing in Bitcoin is also a good way to earn a lot of money and that too in a lesser duration.
Agreed! So in my opinion, both paper money and bitcoin have their own importance. You do need to have paper money in your wallet for your survival as you can only buy the things which you need on your daily basis if you will be having paper money with yourself. However, you need to invest some amount of paper money and should go for buying of some bitcoins as this will later on help you in making an extra amount of money, in fact far more than your actual investment.
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February 11, 2018, 07:06:18 PM
 #3496

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 would personally prefer bitcoin over money because firstly, bitcoin is a universal form of currency so it can be used anywhere throughout the world without the problems of currency exchange. Then secondly, bitcoin is also a very good investment platform where one can get very high amounts of profits. Then bitcoin can’t be stolen easily like regular fiat currency which anyone can steal from one’s pocket or wallet. Then bitcoin transactions are also very fast.
hashtag101
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February 24, 2018, 10:25:22 PM
 #3497

You can travel from country to country carrying a lot of cash in your smart phones without anyone to notice it. The burden of carrying a lot of money is avoided but the thing is, not all countries or institutions accept bitcoin as a means of payment.

That is best thing if bitcoin will be accepted world wide. No need to bring a lot of cash or even your credit card, all you need to do is to have your bitcoin wallet in your phones and you are ready to go. Now your android phone is not only for taking pictures and tweeting out your every move but also it is also your travel buddy in terms of your money.
Smartphone isn't a good hardware to store your cryptocurrency. You need to have a hardware wallet like Ledger Nano S or TRAZOR or a laptop to bring it anywhere and this laptop has wallet store cryptocurrency. The benefit of cryptocurrency is helps you skip many times for verifying from the government and global transfer money with cheapest fees, these things are the best benenfit for the moment if compare to cash, IMO
Bitcoin is somewhat better than cash in some ways.Firstly the transactions done through Bitcoin are much more easier than the normal cash.For transferring cash you need to go to the bank and then do some procedures.But for transferring Bitcoins you just need to have a bitcoin wallet and you can transfer any amount of Bitcoins from one person to another.Taxes cannot be applied on Bitcoin so the person receives full amount of money.Bitcoin is also the fastest way to earn money.Investing in Bitcoin is also a good way to earn a lot of money and that too in a lesser duration.
Agreed! So in my opinion, both paper money and bitcoin have their own importance. You do need to have paper money in your wallet for your survival as you can only buy the things which you need on your daily basis if you will be having paper money with yourself. However, you need to invest some amount of paper money and should go for buying of some bitcoins as this will later on help you in making an extra amount of money, in fact far more than your actual investment.
At least during this time, the role of paper money is still very important in the life of many people, many countries. There're not much rich countries like U.S, Great Britain, Germany, etc. use credit card anytime. In my country, if you go to countryside, you never have chance to use internet and credit card Grin
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February 24, 2018, 11:07:12 PM
 #3498

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.
Bitcoin cannot be seen personally so it cannot be stolen by someone else unless they know your private key and password. Aside from that bitcoin is very easy to transact and very easy to send and receive. There are lot of things that bitcoin is very advantageous than cash.
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February 25, 2018, 01:33:51 AM
 #3499

Actually there are a lot of benefits for bitcoin users, especially when we travel to various countries. we do not have to exchange our currency with the currency of the country we visit. Because bitcoin is a digital currency that can be used in many countries. No need to bring a lot of money in your pocket and safer. In addition, money may decrease in the value of the price, while bitcoin is likely the longer the value, the higher the price Will be.

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February 25, 2018, 01:46:04 AM
 #3500

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.

Bitcoin is Better than cash because of its amazing part bitcoin is a very much different in is a king of coins it value is very powerful from time to time
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