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Author Topic: Why have Bitcoin instead of cash?  (Read 245336 times)
Kersh768
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April 03, 2018, 11:41:42 PM
 #3521

Actually it is a choice whther to have Bitcoin or fiat/cash. If one prefers digital currency which is the new trend, he/she is free to do so. While if he/she will choose fiat or paper money for some reasons same thing happens. Also Bitcoin despite of its advantages has bad sides also while paper money has the advantage of being less risky to use for having a stable market price which some people prefer.

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April 04, 2018, 01:34:55 AM
 #3522

Well, I really don't think that there were many benefits about using bitcoin over fiat at the moment for the average person. But in terms of its future potential and benefits I'm interested in. Bitcoin is very risky and volatile coz as we can see as currently as the price tends to go down than up, but if it gets adopted by more people or industries in the future then the value should steadily rise. There's also the benefits of you being in charge of it, so it would help citizens like in Greece or Cyprus who's banks were restricted or even raided. Therefore there are many different reasons in choosing the currency between bitcoin and fiat.

I agree with you that there is no real advantage to use bitcoin instead of cash because as of now, bitcoin is still struggling to be used as a mode of payment in some countries or places and that is one of the proof that it is not yet ready for us to accept bitcoin and use it for a daily basis activities so we still need cash over bitcoin.

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April 04, 2018, 01:43:37 AM
 #3523

because you can earn a lot of money in bitcoin ,the bitcoin price is pumping or may be dumping if you have a strategy you will earn more money
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April 07, 2018, 08:37:03 PM
 #3524

Well, I really don't think that there were many benefits about using bitcoin over fiat at the moment for the average person. But in terms of its future potential and benefits I'm interested in. Bitcoin is very risky and volatile coz as we can see as currently as the price tends to go down than up, but if it gets adopted by more people or industries in the future then the value should steadily rise. There's also the benefits of you being in charge of it, so it would help citizens like in Greece or Cyprus who's banks were restricted or even raided. Therefore there are many different reasons in choosing the currency between bitcoin and fiat.

I agree with you that there is no real advantage to use bitcoin instead of cash because as of now, bitcoin is still struggling to be used as a mode of payment in some countries or places and that is one of the proof that it is not yet ready for us to accept bitcoin and use it for a daily basis activities so we still need cash over bitcoin.
An important we should to remember is the value of Bitcoin. Its value is the reason makes it can not become a currency for daily basics. Spend small Bitcoin will make you create more transactions for the Bitcoin system. While the Bitcoin system can not receive much transactions everyday. Its capacity is lower than a lot for the demand of all users on the world.


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April 07, 2018, 08:39:03 PM
 #3525

Bitcoin as an Asset as a store of value is also very  importance to me than the currency. Its a development in.my search anyway

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April 07, 2018, 08:53:45 PM
 #3526

You are right, the whole world accepts Bitcoin as long as the recipient has a Bitcoin wallet so if you are shopping abroad there is no need to convert to the country money you want to shop for.
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April 15, 2018, 08:39:32 PM
 #3527

Bitcoin is a good investment.because you just have to buy and hold your Bitcoin until the price goes higher and higher. it has a lot of potentials too. it is being used by many countries as Cash. you can make transactions and transfer it to someone with a minimum charge. and it's safe because it can't be robbed from you. not unless you've been hacked or because of your carelessness.

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April 15, 2018, 09:56:07 PM
Last edit: April 16, 2018, 09:57:06 PM by kateycoin
 #3528

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.
All your answer  is right. For me I want bitcoin because it's more secured that to put a cash on banks,I want bìtcoin than creďut cards because it more cheap when you transact and it's more convenient.

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April 16, 2018, 04:25:23 AM
 #3529

Bitcoin is a good investment.because you just have to buy and hold your Bitcoin until the price goes higher and higher. it has a lot of potentials too. it is being used by many countries as Cash. you can make transactions and transfer it to someone with a minimum charge. and it's safe because it can't be robbed from you. not unless you've been hacked or because of your carelessness.
i do not think many countries endorse bitcoin, but many do not forbid collecting btc and redeeming it into fiat currency. and i think too, btc is hard to manipulate, because transparent transfers process and everyone can see it

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April 16, 2018, 04:53:41 AM
 #3530

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.



Why have bitcoin? Because bitcoin can do many things than cash like in bitcoin you may sure that it is very safe to others because the security of bitcoin or your bitcoin wallet is very strong. While in cash, your security in this is strong it unless if it is in a bank while bitcoin you can bring it anywhere how big the money you have.
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April 16, 2018, 01:59:46 PM
 #3531

We can use bitcoin for paying bills, transferring money person to person using our phone and internet with less charge, we are secured in holding our bitcoins unlike the cash you need go to the bank and it takes time before you finish and there is a possibility that somebody tries to steal your money,it', dangerous so I want to hold bitcoin that cash.
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April 16, 2018, 02:25:25 PM
 #3532

For me, bitcoin has a potential to grow if you have 1$ you have a chance to make it 2$ or even more. Unlike in cash that has right value. 1$ stay 1$ even for a long period. You can’t travel with more cash in your pocket. Unlike in bitcoin, it had safe and secured you can withdraw paper money if you need it.
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April 16, 2018, 02:28:13 PM
 #3533

For me, one of the reasons is that bitcoin is unstable, and this is interesting thing about it, cash is always floating in approx. still value, but if you have BTC you can expect anything, lol

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April 18, 2018, 06:44:54 AM
 #3534

For me, i love bitcoin because eventhough it is very volatile but it always keeps me on the edge of my seat to know that by the hour the price of bitcoin is ever changing whether it may be rising or decreasing, and also I love how it is super easy to use and very convenient when it come to transactions. But the thing I love most about bitcoin is, it is for a long term investment meaning if I invested in it, my future will be quite secured and it is worth to wait for.
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April 18, 2018, 07:07:50 AM
 #3535

I choose bitcoin than cash because of its volatile price or value, and we can use bitcoin for the smooth transaction like paying bills online and transferring money with fewer charges.
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April 18, 2018, 07:28:10 AM
 #3536

Bitcoin is definitely not cash, because bitcoin prices are unstable. If bitcoin becomes cash, it is not possible. Just imagine, this bitcoin price fluctuates and becomes cash. That there are people around us not going to use it for life shopping needs, because they know the price of bitcoin is high turbulent. Maybe they will hold the cash bitcoin it has to invest.
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April 18, 2018, 07:55:41 AM
 #3537

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 much more convenient than cash because you have to worry about the transaction the time you would be able to do some payment only gadget will solve the problem with in a few minutes boom! transaction processed already that's the best important why we are using bitcoin. Quick transaction payment must be processed with in the exact time. that's the big deference between Bitcoin and Cash. I WANT CASHLESS SOCIETY

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April 18, 2018, 11:13:42 AM
 #3538

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 much more convenient than cash because you have to worry about the transaction the time you would be able to do some payment only gadget will solve the problem with in a few minutes boom! transaction processed already that's the best important why we are using bitcoin. Quick transaction payment must be processed with in the exact time. that's the big deference between Bitcoin and Cash. I WANT CASHLESS SOCIETY
In special cases maybe but in general cash is more convenient because everyone is using it.
Let's live to the real world, people or majority of the people still has no idea about bitcoin, we are still in the early stage so we have to accept that fact.

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April 18, 2018, 12:51:58 PM
 #3539

Bitcoin is not cash. So you can be robbed or something and that is very safe for everyone. Because you cant steal it and that is good.
I hope that more people will use Bitcoin and that Bitcoin will also be more worth so that it will also be more popular.
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April 18, 2018, 01:32:08 PM
 #3540

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.


Having Bitcoin instead of cash is challenging, because we all know that every time to time bitcoin's rate is increasing nor decreasing, but at the end of the day it will grow and grow. Instead of having a cash in your pocket, Invest it in Bitcoin. Smiley

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