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Author Topic: Why have Bitcoin instead of cash?  (Read 246121 times)
xIIImaL
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June 22, 2016, 03:41:39 AM
 #681

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

Because Bitcoin is a digital centralized currency you can handle it easily, the transaction charges are less comparing to Cash, bitcoins transactions are fast and you don't have to declare you details. Bitcoin is just like gold, any thing can happen in future of bitcoin in regards of Price, it may boom like gold.
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June 22, 2016, 03:50:01 AM
 #682

Its safer in my opinion and also the fact you can use it globally makes it in my opinion way better than other currency's.
You can also not lose it so that makes it also pretty good.
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June 22, 2016, 05:28:56 AM
 #683

We need this both, i have bitcoin as my investment and spending sometimes in online shopping and load my mobile phone and also i need cash for my daily needs.
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June 22, 2016, 05:41:40 AM
 #684

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

well thats good but not the same with me bro , i am still depending on my parent because i haven't tried to use bitcoin as real currency and use it as a real payment method . i just started to use bitcoin last 3 months ago . so i don't have enough amount for now  Grin Grin
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June 22, 2016, 05:43:03 AM
 #685

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

That is the idea, and that is also why it is being judged as a currency to which will be used for transaction in trading guns, drugs and other bad stuff. It can provide sending a high amount of money and without tracing it. That is the idea of other people.
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June 22, 2016, 06:19:04 AM
 #686

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

That is the idea, and that is also why it is being judged as a currency to which will be used for transaction in trading guns, drugs and other bad stuff. It can provide sending a high amount of money and without tracing it. That is the idea of other people.
I think cash here also refers to our deposits in our bank accounts and that does not necessarily mean that all cash in hand. That is the basic definition of accounting, there is a cash on hand and cash in bank but all it belongs to cash.

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elyas772
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June 22, 2016, 07:31:44 AM
 #687

it's depending about who you are, if you are online bussiness, i think bitcoin is more important than cash.
because you can pay your bill faster than cash, it's more simple than cash.

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goinmerry
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June 22, 2016, 07:54:54 AM
 #688

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

That is the idea, and that is also why it is being judged as a currency to which will be used for transaction in trading guns, drugs and other bad stuff. It can provide sending a high amount of money and without tracing it. That is the idea of other people.
I think cash here also refers to our deposits in our bank accounts and that does not necessarily mean that all cash in hand. That is the basic definition of accounting, there is a cash on hand and cash in bank but all it belongs to cash.

Yeah and on bitcoin it is not said that it is cash yet. It got value but they would just care if a lot of coins is involved. What if it is sent little by little until it fills up the amount needed for payment to the illegal transaction? This is possible because it got lower transaction fee.
newcoins1978
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June 22, 2016, 09:21:50 AM
 #689

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.
That is also the only reason I can think of because I would not under stand why people want to spend some of there Bitcoins when they are getting harder to get.
And you can also make moeny with them so it is not smart to sell.
Bitcoinbro
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June 22, 2016, 01:44:51 PM
 #690

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.
That is also the only reason I can think of because I would not under stand why people want to spend some of there Bitcoins when they are getting harder to get.
And you can also make moeny with them so it is not smart to sell.
Being able to make money with the Bitcoin is a great thing and that is something that cash does not have.
If the price of the Bitcoin was stable forever then it would never be as popular as it is right now.
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June 22, 2016, 02:46:36 PM
 #691

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.
It's a foolish act to convert your cash to bitcoin because you have no funds to spend in your real life at all. Many people use bitcoin just for investment and convert it to cash once they profit and it is unnecessary if you do the other way around.
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June 22, 2016, 07:35:58 PM
 #692

I think that cash is not so good as bitcoin in safe case, but it better for using, it's so hard to spend bitcoins well online, cause many different shops still don't accept it.

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June 22, 2016, 09:24:42 PM
 #693

I think that cash is not so good as bitcoin in safe case, but it better for using, it's so hard to spend bitcoins well online, cause many different shops still don't accept it.

At this stage we need both of them, you cannot rely only on bitcoin as still there not many places where you can spend it and for that you need physical cash.


 
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June 23, 2016, 07:31:22 AM
 #694

If only there were more merchants accepting bitcoin, just like buses and trains, and fast food chains, then I wouldn't have to have cash in my wallet. Is it asking too much for more shops popping that accept bitcoin? Or are we just ahead of the common people by being early adopters?
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June 23, 2016, 10:58:15 AM
 #695

If only there were more merchants accepting bitcoin, just like buses and trains, and fast food chains, then I wouldn't have to have cash in my wallet. Is it asking too much for more shops popping that accept bitcoin? Or are we just ahead of the common people by being early adopters?

Bitcoin instead of cash is not better or worse to be honest because major fluctuations in prices can really effect how you feel about having btc instead of cash due to losing/gaining big amounts of money

It is neither better nor worse so i wouldn't say you should have bitcoin over cash.
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June 23, 2016, 01:13:37 PM
 #696

We need both of them, we need cash for our daily needs and for the emergency cases and also we need bitcoin for our investment to earn not only in our job we earn possive money.
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June 23, 2016, 02:03:13 PM
 #697

i can make cash with bitcoin   Grin Grin i only have bitcoin because i don't have a work and i am only a student so the only for me to have cash is to make and earn a bitcoin .
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June 23, 2016, 03:08:21 PM
 #698

We need both of them, we need cash for our daily needs and for the emergency cases and also we need bitcoin for our investment to earn not only in our job we earn possive money.
Actually bitcoins is for passive income, we invest now and even if the price will react unexpectedly but in the end as long as we believe in bitcoins we are hoping that the price will rise to benefit us holders of bitcoins.

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June 23, 2016, 03:16:38 PM
 #699

If only there were more merchants accepting bitcoin, just like buses and trains, and fast food chains, then I wouldn't have to have cash in my wallet. Is it asking too much for more shops popping that accept bitcoin? Or are we just ahead of the common people by being early adopters?

We need to have bitcoins debit card to be used at buses , trains, or  fast food chains or else how will you pay at buses / train etc as you dont remember the bitcoin wallet address by heart ?  So in my view you need to have cash with you for day to day purchases. Bitcoin can only be used online mostly.
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June 23, 2016, 03:43:19 PM
 #700

If only there were more merchants accepting bitcoin, just like buses and trains, and fast food chains, then I wouldn't have to have cash in my wallet. Is it asking too much for more shops popping that accept bitcoin? Or are we just ahead of the common people by being early adopters?

We need to have bitcoins debit card to be used at buses , trains, or  fast food chains or else how will you pay at buses / train etc as you dont remember the bitcoin wallet address by heart ?  So in my view you need to have cash with you for day to day purchases. Bitcoin can only be used online mostly.
Well I hope soon we see buses, trains and other things being payable thru digital. Like you just open your phone and send a transaction to specific wallet and transaction is already made.
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