Why have Bitcoin instead of cash?

[foxkyu]

Bitcoin is being more and more accepted, driving the worth of your money higher. Would you rather keep your money at the same price, or keep it at the highly likely chance of it shooting up?

That's why people believe bitcoin is an potential investment rather than cash.

Even with current volatility, bitcoin price will going higher in time to time. Just like gold.

But i think bitcoin still need few more time, to become the "universal currency" to replace fiat.

[helloeverybody]

If you want to have control over your own money then it's easier to store large amounts in  btc than it is to store in cash.  Obviously this only affects those of us who have lots of cash.  Once mainstream Bitcoin will be much much better to use than cash.

[justspare]

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 very good points sir. I disagree with the first one though. With things like Bitcoin debit cards evolving, Bitcoin is slowly losing that level of security. It is just like a credit card which already has a low level of security.

[Nameless Coin]

Well I don't use in real life cash money, but just debit card still for me is fine to use both.
But for me bitcoin I will just hold more with it, because the price can increase.

[Altynbekova]

Honderd procent I choose for bitcoin, but the only problem is that some stores that I go daily don't accept it.
I wish I just could pay all my things with bitcoin, but I need cash also.
Why bitcoin? Because is more safe, and you can pay bitcoin worldwide is they accept it.

[damiano]

Did someone try this? http://www.getonebit.com/ It looks like you can use bitcoin direcly, like you would use a credit card, to pay in every store that accepts credit cards. It sounds great though reality will proof if it's great.

Thanks for the link I have not seen or tryed this yet but only because I have not seen the idea until now, I will be giving it a try in the very near future. If this works out then that will be another step for Bitcoin and a big one at that.

op I like holding and using bitcoin more because it cannot be touched by feisty agencies or anyone I don't give the priv keys to. I don't trust or like banks so instead of cash under the mattress I have keys in different locations which to me make me feel safe.

[SebastianJu]

Did someone try this? http://www.getonebit.com/ It looks like you can use bitcoin direcly, like you would use a credit card, to pay in every store that accepts credit cards. It sounds great though reality will proof if it's great.

Thanks for the link I have not seen or tryed this yet but only because I have not seen the idea until now, I will be giving it a try in the very near future. If this works out then that will be another step for Bitcoin and a big one at that.

Then keep me updated. I'm interested to know how your test turns out. It really looks great from the outside. If this works i would probably pay very often that way.

[darkangel11]

Honderd procent I choose for bitcoin, but the only problem is that some stores that I go daily don't accept it.
I wish I just could pay all my things with bitcoin, but I need cash also.
Why bitcoin? Because is more safe, and you can pay bitcoin worldwide is they accept it.

Safe? Has your bank account ever been robbed? It has never happened to me or to anyone I know and I don't get why people are so afraid of it.
Chance of your account being robbed is smaller than of your bitcoins being hijacked by a virus or a hacker.

[TTMNewsMJ]

Bitcoin is easy to use.
You can use it if you want to buy something online.

[jjacob]

Honderd procent I choose for bitcoin, but the only problem is that some stores that I go daily don't accept it.
I wish I just could pay all my things with bitcoin, but I need cash also.
Why bitcoin? Because is more safe, and you can pay bitcoin worldwide is they accept it.

Safe? Has your bank account ever been robbed? It has never happened to me or to anyone I know and I don't get why people are so afraid of it.
Chance of your account being robbed is smaller than of your bitcoins being hijacked by a virus or a hacker.

If you operate your bank accounts over the internet, they can be hacked as well.
The only advantage is that banks usually have insurance to cover mistakes at their end and can compensate you.

[iram1011]

Another point you should have is how you have total control over your funds. With cash, banks can close their doors, and you will be locked out of your account.

without an internet connection you are cut off!
with gold/money fiat system no!
if you create a new "physical" coin you risk government issues... than this is a "lack" in btc system...
without internet you are OFF!

[asuryan180]

Did someone try this? http://www.getonebit.com/ It looks like you can use bitcoin direcly, like you would use a credit card, to pay in every store that accepts credit cards. It sounds great though reality will proof if it's great.

That's very interesting but besides scams i highly doubt anyone could do that while taking care of market price all the time and particularly during the dumps.

Bitcoin is easy to use.
You can use it if you want to buy something online.

Yeh ,it's very easy to spend online and get them to cash whenever you need.

[romero121]

Did someone try this? http://www.getonebit.com/ It looks like you can use bitcoin direcly, like you would use a credit card, to pay in every store that accepts credit cards. It sounds great though reality will proof if it's great.

That's very interesting but besides scams i highly doubt anyone could do that while taking care of market price all the time and particularly during the dumps.

Bitcoin is easy to use.
You can use it if you want to buy something online.

Yeh ,it's very easy to spend online and get them to cash whenever you need.

If you have cash mostly a part will be there as a investment but in bitcoin even if do trade using bitcoin you will get a earning. So its better to have bitcoin than cash.

[UnknownUsername]

I have bitcoin because of sig campaigns then i turn it into fiat. rinse and repeat cycle

[SebastianJu]

Did someone try this? http://www.getonebit.com/ It looks like you can use bitcoin direcly, like you would use a credit card, to pay in every store that accepts credit cards. It sounds great though reality will proof if it's great.

That's very interesting but besides scams i highly doubt anyone could do that while taking care of market price all the time and particularly during the dumps.

That works. You only need to check out numerous services that trade someting against bitcoins. They mostly have some percent working in their favor in order to elimite price fluctucation. And on the other hand the price is sometimes going up and sometimes down, so at the end it would average out anyway.

[Amph]

I have bitcoin because of sig campaigns then i turn it into fiat. rinse and repeat cycle

you should never return bitcoin to fiat, only the opposite, unless you disperately need something that can only be bought with fiat

by dumping you're losing the value on the other coins you're are holding

[UnknownUsername]

I have bitcoin because of sig campaigns then i turn it into fiat. rinse and repeat cycle

you should never return bitcoin to fiat, only the opposite, unless you disperately need something that cna only be bought with fiat

by dumping you're losing the value on the other coins you're are holding

Even when i am holding, its still losing value.

Besides it has done good for me. I was collecting bitcoins during when bitcoin was worth $600. I keep on selling and i am glad with it. just check the price now its around $350+ lol.

So, don't teach me about holding buddy.

[iCeSaiah]

Nice. I bet this has no tax since all you needed was some internet and couple of transactions.

[Amph]

I have bitcoin because of sig campaigns then i turn it into fiat. rinse and repeat cycle

you should never return bitcoin to fiat, only the opposite, unless you disperately need something that cna only be bought with fiat

by dumping you're losing the value on the other coins you're are holding

Even when i am holding, its still losing value.

Besides it has done good for me. I was collecting bitcoins during when bitcoin was worth $600. I keep on selling and i am glad with it. just check the price now its around $350+ lol.

So, don't teach me about holding buddy.

it's not losing value on the long term, which is the point of bitcoin and for your hold, you don't hold for short term and casual dump like the one that happened, so this argument is moot as hell

bitcoin is relatively safe long term, and that the reason for you to hold and forget about those fake dump that may occur

[Imran.shamsi]

Another point you should have is how you have total control over your funds. With cash, banks can close their doors, and you will be locked out of your account.

More security (especially if you are careful).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.

Fast, worldwide transactions at your fingertips.  but BTC(virtual currency) doesn't work anywhere in work. it just work in develop countries