Why have Bitcoin instead of cash?

[Galiatram]

Bitcoin is an currency and also an investment, if you save your money in fiat then it will not grow over a period of time, but if you save money in bitcoin it can take your savings to higher level.

Yes no other currency (Fiat or Digital) grows as fast as the bitcoins does. So having bitcoins only is also an investment for you. Its just like Gold investment but the turnover is greater for bitcoins as compared to gold.

Majority of the people here are talking about halving and they are only interested with their profit, but the reality is we can still enjoy bitcoins even if the price will began to be stable, the ease of doing online transactions is the most benefit we can get.

I don't think there's that 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.
Bitcoin is very risky 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.

[Hilat]

Bitcoin will be the future payment method and that is because the world is also getting more digital so that is really nice for the world itself and also for the currency.
But of course it is hard to know what will happen later in the future with the value of Bitcoin and that is also impossible to predict.

[Woshib]

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 has enormous potential, but we must control it and prevent it from being used for illegal activities.
For security, Bitcoin requires a downloadable wallet, not an online wallet to store your Bitcoins, espacially those who do not allow access to wallet private keys, for more security.

[CasioK]

I consider bitcoin more secure to make payment which are pretty fast and many other things comparing with cash. But to secure the bitcoin first we should have a secure environment (clean pc/mobile etc), also it is partly anonymous (not completely), seeing the huge increase of the price recently we can consider bitcoin as a good way of investment.

I use bitcoins much more than cash because bitcoins give me anonymity while cash does not. I can just buy anything with bitcoins as can i with cash, but btc stand higher because price increase very often.

[redsun114]

The only real reason anyone should be with bitcoin is because of what happened to greece.

Having true control over your money and moving it whenever as possible regardless if their own country goes bad is a huge power tool for anyone in a bad country.

I use bitcoins over cash because cash be stolen while bitcoins cannot be. I have suppose 1k$ and I am tension free while with cash I will be always worried about getting robbed.

And money could be robbed from you, alternatively it is best ideal with a restaurant if a syndicate target their restaurant BTC could save such scenario from happening, you will save the profit and effort of your restaurant.

[Altcoinmoney]

The bitcoin is safer and you can use it globally all over the world you do not need to convert it to another currency.
Another nice thing is that you always have it as a example if you have your phone with you.

[Supercrypt]

Because i want to make some profit by choosing instead of cash because now the bitcoin halving event is coming so many of my friends told me that it's better to hold bitcoin than cash.

Theres a profit in bitcoin thats why i have this but also i have cash for my daily used. Bitcoin is my one way to have cash i have investment on it because i see the potential of bitcoin in the future.

Me too. Moreover I also use bitcoins instead of cash because I love bitcoins and they help me stop spending my real cash. If I have cash i will just use them or buy something with them, hence bitcoins act as a bank for me

[hermanhs09]

Bitcoins are definitely better than cash. Bitcoins can't just be inflated by the Government, especially when we already have an estimated maximum of bitcoins ever to be produced.

Bitcoin will be the better to keep.

[sobsitesearch]

Bitcoins are definitely better than cash. Bitcoins can't just be inflated by the Government, especially when we already have an estimated maximum of bitcoins ever to be produced.

Bitcoin will be the better to keep.

Yes bitcoin is better if you want to invest and make a profit but for your daily expenses you need more cash than bitcoin.
That why we need both of them bitcoin will produce to us more money and exchange it in fiat

[goinmerry]

Bitcoins are definitely better than cash. Bitcoins can't just be inflated by the Government, especially when we already have an estimated maximum of bitcoins ever to be produced.

Bitcoin will be the better to keep.

That is the idea of hodlers. It will run out then some will look for it and buy it for a higher price, it will become so rear that you wont see so much selling it. Like gold it is running out too.

[ElpadroBitcoin]

I dont think it is very clever to have all of your money into bitcoins because how can you pay rent of other stuff without cash. So i dont think you should have only bitcoins instead of gold or cash .

[GermanFoobla]

i dont think you should try having all of the itcoins and nothing of the cash. Becasue you cant buy everything with coins you also need cashoffcourse.

[avw1982]

I dont think it is very clever to have all of your money into bitcoins because how can you pay rent of other stuff without cash. So i dont think you should have only bitcoins instead of gold or cash .

It's not like that bro, we believe that the value of bitcoin would be much higher as compared to cash in future, so having a good amount of bitcoins for future would be the best value to hold, and bitcoins will be used world wide in coming future.

[goinmerry]

i dont think you should try having all of the itcoins and nothing of the cash. Becasue you cant buy everything with coins you also need cashoffcourse.

yeah that is the best thing to do. For now, retailers or businesses dont accept bitcoin all over the world. Some do but not in our country there are just some though but it will be hard to find. So better get some cash first.

[Sandroxa]

Bitcoin is an currency and also an investment, if you save your money in fiat then it will not grow over a period of time, but if you save money in bitcoin it can take your savings to higher level.

Yeah definitely. Cash is tied to the fiat monetary system which is unstable to say the least. While bitcoin is like virtual gold. It has no single organization controlling its supply or future.

That's why we're seeing an increased number of bitcoin users.

As you can see now you see that the value of Bitcoin is becoming more worth and getting more popular so that is perfect for Bitcoin itself.
But the bad thing is that there are still many people that dont even know what Bitcoin is so that have to change.

[carlisle1]

I am not able to make a cash for now because i am just a student dont have a job and also i dont have enough time to apply for a job so thats the reason why i have bitcoin instead of cash because the only thing i can make with my spare time maybe i will go and have a work soon when i am too busy with my subjects .

[issho]

I am not able to make a cash for now because i am just a student dont have a job and also i dont have enough time to apply for a job so thats the reason why i have bitcoin instead of cash because the only thing i can make with my spare time maybe i will go and have a work soon when i am too busy with my subjects .

me too and I pay almost all of my school fees from what I earn from bitcoin

[phreaky]

Having bitcoins is far better than cash. You can't get restricted, you can pay worldwide, faster and sometims with great discounts and you're money is more and more valuable, at the inverse of cash where you constantly lose money.

so if you buy stuff use bitcoin isn't same like you lose money in cash, I mean in your real life you will use cash money for your life. it's same like you spend cash money for buy bitcoin but you can get profit from bitcoin.

The only reason I can think if why people would choose the Bitcoin for some cash is because the Bitcoin is becoming worth more money.
So you can make more money with it but I think that I would still choose cash.

[Maslate]

Having bitcoins is far better than cash. You can't get restricted, you can pay worldwide, faster and sometims with great discounts and you're money is more and more valuable, at the inverse of cash where you constantly lose money.

so if you buy stuff use bitcoin isn't same like you lose money in cash, I mean in your real life you will use cash money for your life. it's same like you spend cash money for buy bitcoin but you can get profit from bitcoin.

The only reason I can think if why people would choose the Bitcoin for some cash is because the Bitcoin is becoming worth more money.
So you can make more money with it but I think that I would still choose cash.

If you are only looking for a good profit then you should choose bitcoins now at its early stage, when masses will adopt we cannot profit big anymore because the price will become stable and the main benefits will be experience by the community. This system is designed to fast track our online transactions with less transactions fees and not for investment only.

[Cast12]

When you carry large amounts cash, you lose cash much easier than carrying the same amount in bitcoin.