randy8777
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Merit: 1000
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March 17, 2016, 05:30:02 AM |
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Its a risk free scenario to hold bitcoins in compare to cash, as if you hold cash there are chances that it might get stolen or you get robbed, but with bitcoins you can hold n number of coins in your digital wallet.
even if you hold your coins in your wallet they can get stolen. if your pc is infected with a virus, then your coins can get stolen easily. in order to prevent that, you must use a very strong passhprase and you could also choose to encrypt your wallet files for even more protection. if you do that and keep your pc clean and up to date, then your coins will be more than safe. |
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Whosdaddy
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March 17, 2016, 01:13:01 PM |
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More advantages of bitcoins over cash are :
- you don’t have to pay taxes on them
-they can't be easily stolen
-no paperwork
-irreversible transactions
yes that's true and that is the reason we are seeing more users entering into bitcoins as they want to take advantages from it and it is always safe to invest your money into it as in future the price would be much higher. Yes indeed. And it will be the new payment method and that will be very good. I hope that more people will use Bitcoin. It provide a payment system which is allowed all over the world to any country where internet is available, while in other online payment systems there is a limit of countries for transactions. |
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BTCLovingDude
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Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
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March 17, 2016, 01:19:46 PM |
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In a normal day your cash can be stolen to you by criminals that tends to take your cash.
But if you only have bitcoin in your pocket they wont notice that you have a lot of money in your pocket.
technically speaking bitcoin can be stolen too. the only difference is that fiat robbers use a bat or a gun but bitcoin robbers will use viruses and keyloggers to steal your coins. the only way to prevent any the two is to learn how to protect yourself. |
--looking for signature--
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maxj57634
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March 17, 2016, 01:37:56 PM |
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In a normal day your cash can be stolen to you by criminals that tends to take your cash.
But if you only have bitcoin in your pocket they wont notice that you have a lot of money in your pocket.
technically speaking bitcoin can be stolen too. the only difference is that fiat robbers use a bat or a gun but bitcoin robbers will use viruses and keyloggers to steal your coins. the only way to prevent any the two is to learn how to protect yourself. Robbers cant rob you with your bitcoin if they dont know you have a bitcoin at hand lets say on your mobile phone. That where the 2 factor authentication comes in play so you can safe guard you bitcoin. |
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iram1011
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March 17, 2016, 01:57:48 PM |
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In a normal day your cash can be stolen to you by criminals that tends to take your cash.
But if you only have bitcoin in your pocket they wont notice that you have a lot of money in your pocket.
technically speaking bitcoin can be stolen too. the only difference is that fiat robbers use a bat or a gun but bitcoin robbers will use viruses and keyloggers to steal your coins. the only way to prevent any the two is to learn how to protect yourself. Robbers cant rob you with your bitcoin if they dont know you have a bitcoin at hand lets say on your mobile phone. That where the 2 factor authentication comes in play so you can safe guard you bitcoin. yes a double factor of authentication could stop every scam attempt for what I know... Any other ideas to protect coins? |
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pneumatic5
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Activity: 238
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
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March 17, 2016, 02:28:16 PM |
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In a normal day your cash can be stolen to you by criminals that tends to take your cash.
But if you only have bitcoin in your pocket they wont notice that you have a lot of money in your pocket.
technically speaking bitcoin can be stolen too. the only difference is that fiat robbers use a bat or a gun but bitcoin robbers will use viruses and keyloggers to steal your coins. the only way to prevent any the two is to learn how to protect yourself. Robbers cant rob you with your bitcoin if they dont know you have a bitcoin at hand lets say on your mobile phone. That where the 2 factor authentication comes in play so you can safe guard you bitcoin. Yeah and I don't think that any digital wallet would allow hackers to hack our bitcoins so easily, I mean that is not possible, holding bitcoin is much safer then holding fiat currency. |
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Pollak
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Activity: 182
Merit: 100
Pollak
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March 17, 2016, 03:30:05 PM |
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Bitcoin will be the future money. And that is quite good. I hope that more people will see Bitcoin as their normal money.
But that will take a long time. There are many people that use cash and dont trust Bitcoin, but that must change.
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VAodminnTer
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Activity: 39
Merit: 0
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March 17, 2016, 04:13:22 PM |
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Bitcoin is safer, faster and easier to use "once you get used to it" than cash, I think it will become the new standard of money in the future, electronical money in general is competing seriously with paper money.
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Mr. Big
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Activity: 2310
Merit: 1176
While my guitar gently weeps!!!
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March 18, 2016, 01:54:46 AM |
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Bitcoin is safer, faster and easier to use "once you get used to it" than cash, I think it will become the new standard of money in the future, electronical money in general is competing seriously with paper money.
We still need to spread a lot of news about bitcoin and its advantages, for people to realize that it is easier to carry a bitcoin than paper money..As we can see, only few stores/shops accepts bitcoin as payment.. |
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iram66680
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March 18, 2016, 03:05:53 AM |
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I would say it is easier to lose cash from a fire if you hold any under your mattress. I have heard this happen. Why you ask would anybody hold a significant amount of cash in your home? To not let the government know how much you have if it was held in the bank. I hear the Chinese immigrants don't like to put their savings in the bank for this sole reason.
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lolgato1
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March 18, 2016, 03:18:14 AM |
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Bitcoin is safer than my cash which can easily be stolen as well as fraud cannot be comitted
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MingLee
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March 18, 2016, 04:25:06 AM |
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Bitcoin is safer than my cash which can easily be stolen as well as fraud cannot be comitted
As long as you have a wallet that is stored offline and is basically inaccessible, then I would agree your Bitcoin is safe. Anywhere else, and I would seriously doubt the safety of your Bitcoin. |
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avw1982
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March 18, 2016, 04:31:04 AM |
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Bitcoin is safer than my cash which can easily be stolen as well as fraud cannot be comitted
I would agree with you bro, bitcoin is transperant and very easy to make a trustful transactions among the business world. I think Bitcoin is the one, Which can do the trustful transaction without making hidden charges. No need to hold the physical wallet and just we can hold mobile and internet in enough.  |
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ASHLIUSZ
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March 18, 2016, 06:01:27 AM |
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bitcoin is worthier than cash because it is anonymous, no third party will interrupt user transactions, tax free purchasing, transaction fee is very low and payments can be done via mobile...
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n0ne
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March 18, 2016, 06:36:13 AM |
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bitcoin is worthier than cash because it is anonymous, no third party will interrupt user transactions, tax free purchasing, transaction fee is very low and payments can be done via mobile...
The above quote was a few options which make bitcoin worthier. Another major reason is cash value is fixed but bitcoin value varies regularly. |
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adibe
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March 18, 2016, 06:50:58 AM |
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bitcoin is worthier than cash because it is anonymous, no third party will interrupt user transactions, tax free purchasing, transaction fee is very low and payments can be done via mobile...
I think both bitcoin and cash are really worth, the different is i have cash for real life and i have bitcoin for paying and buying something online. both are worth for me. |
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DeDordtenaar
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March 18, 2016, 07:46:53 AM |
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bitcoin is worthier than cash because it is anonymous, no third party will interrupt user transactions, tax free purchasing, transaction fee is very low and payments can be done via mobile...
yeah cash is becoming obsolete most people use the internet or via their mobile phones to transact. bitcoin is a picture of the future so the shape is digital |
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eternalgloom
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March 18, 2016, 10:27:43 AM |
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Bitcoin is safer than my cash which can easily be stolen as well as fraud cannot be comitted
That's not a great argument because Bitcoin can also be stolen, there is so much malware out there designed to steal your coins. |
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Corenin
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March 18, 2016, 10:31:05 AM |
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Bitcoin is safer than my cash which can easily be stolen as well as fraud cannot be comitted
That's not a great argument because Bitcoin can also be stolen, there is so much malware out there designed to steal your coins. Its not that easy to steal your coins as we have safest digital wallets which are taking best care of our bitcoins and I don't think anyone can hack your wallet that easily. |
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eternalgloom
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March 18, 2016, 10:35:11 AM |
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Bitcoin is safer than my cash which can easily be stolen as well as fraud cannot be comitted
That's not a great argument because Bitcoin can also be stolen, there is so much malware out there designed to steal your coins. Its not that easy to steal your coins as we have safest digital wallets which are taking best care of our bitcoins and I don't think anyone can hack your wallet that easily. The problem is that most people will not opt to use the safest wallet, they will go for the easiest to use wallet, probably an account on blockchain.info without 2factor auth enabled. People fall for phishing sites all the time, they install random software etc. Maybe most Bitcoin users are a little more computer savy than most people, but certainly not everyone. |
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