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Author Topic: Why have Bitcoin instead of cash?  (Read 246123 times)
hermanhs09
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July 09, 2016, 01:24:58 PM
 #781

I believe in this day and age, especially since we are growing so fast in technology and internet is being accessible everywhere in the world, people should have at least a small amount of bitcoin; preferably 1BTC just to stay involved with bitcoin and don't miss out on anything in the future.
I mean you can even invest a hundred dollars or so in bitcoin and hold it for the future and you won't lose anything even if price goes down because of small investment.
Thats true,and it is a good idea.
i think everyone should have some bitcoin's just for emergency,you can convert them into fiat
at any place on world,so it is a great emergency at least for me .
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July 09, 2016, 01:48:27 PM
 #782

The main reason is that bitcoin is fast like if you want to send money to your family you wont have to go to a bank and wait 3-5 days .

That is one big benefit of the bitcoin. The only problem is that bitcoin cannot be used as a currency in most countries.
Actually in many countries there are some stores where u can pay with bitcoin.
But converting btc into fiat isnt hard task,so it is not  a problem for me lol.
Same as mine, I realize there is no reason to choose between the two since the two are very useful and vital in our life, we are earning bitcoins either through our online jobs or investment then it would be easy for our bitcoins to encash it.

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July 09, 2016, 03:20:54 PM
 #783

The main reason is that bitcoin is fast like if you want to send money to your family you wont have to go to a bank and wait 3-5 days .

That is one big benefit of the bitcoin. The only problem is that bitcoin cannot be used as a currency in most countries.
Actually in many countries there are some stores where u can pay with bitcoin.
But converting btc into fiat isnt hard task,so it is not  a problem for me lol.
Same as mine, I realize there is no reason to choose between the two since the two are very useful and vital in our life, we are earning bitcoins either through our online jobs or investment then it would be easy for our bitcoins to encash it.
First of all,bitcoin is really easy to invest anywhere,and lets be true,you cannot make investment in 20 minutes having fiat on your bank account
Also i love how my money is secured on wallets,and also i like that is also away from banks hands!
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July 10, 2016, 02:06:06 AM
 #784

One more opinion as I see it in our country. A lot of people domt have an investment, even a bank account they dont have one. So this one good reason to have bitcoin. You have invested and at the same time you got some money kept.

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July 10, 2016, 02:57:49 AM
 #785

One more opinion as I see it in our country. A lot of people domt have an investment, even a bank account they dont have one. So this one good reason to have bitcoin. You have invested and at the same time you got some money kept.
Yeah,but you cannot expect that bitcoin price will constantly rise.
I think that having investment in a bank is a pretty good way to save you're money too.
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July 10, 2016, 10:20:14 AM
 #786

One more opinion as I see it in our country. A lot of people domt have an investment, even a bank account they dont have one. So this one good reason to have bitcoin. You have invested and at the same time you got some money kept.
Yeah,but you cannot expect that bitcoin price will constantly rise.
I think that having investment in a bank is a pretty good way to save you're money too.
We called that savings, because investing will only apply when you put a big amount in the bank and they will use it for a specific purpose and surely you will earn more interest than savings interest.

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July 10, 2016, 10:47:09 AM
 #787

It was clearly one of the reason why to use Bitcoin instead of cash on the first page.  Aside from those, the high volatility of Bitcoin gives it more attractive to risk taker investor because of the profit it can give to them.  Another feature is that  you can use it anywhere even if you don't identify yourself.  There are lots of people who are not qualifed to be holder of credit cards and visa card, bitcoin enable them to access online store and buy items they like.

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July 10, 2016, 11:51:49 AM
 #788

It was clearly one of the reason why to use Bitcoin instead of cash on the first page.  Aside from those, the high volatility of Bitcoin gives it more attractive to risk taker investor because of the profit it can give to them.  Another feature is that  you can use it anywhere even if you don't identify yourself.  There are lots of people who are not qualifed to be holder of credit cards and visa card, bitcoin enable them to access online store and buy items they like.
Bitcoin is both good for spending and as investment but majority of use sees bitcoin as an investment due to the fact the we are in the early phase so we could expect that the market will grow substantially which makes the price to rise.

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July 10, 2016, 12:21:51 PM
 #789

I have bitcoin for my investment and also i have cash to spend for daily basis, i choose to invest in bitcoin because bitcoin have a potential to be good currency in the future.
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July 10, 2016, 02:07:44 PM
 #790

I have bitcoin for my investment and also i have cash to spend for daily basis, i choose to invest in bitcoin because bitcoin have a potential to be good currency in the future.
Bitcoin is really a good investment for now as we are just not that popular or widely accepted, many people does not know bitcoins or does not recognize the value of it, but in the near future they will realize and no choice but to adopt.

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July 10, 2016, 02:19:33 PM
 #791

I have bitcoin for my investment and also i have cash to spend for daily basis, i choose to invest in bitcoin because bitcoin have a potential to be good currency in the future.
Bitcoin is really a good investment for now as we are just not that popular or widely accepted, many people does not know bitcoins or does not recognize the value of it, but in the near future they will realize and no choice but to adopt.
Yeah if the price of bitcoin will just keep rising and it will result for getting new users and more adoption in different countries Smiley,
I'm sure that just after at least 2 years, some of the online shops will use bitcoin as another mode of payment Cheesy.
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July 10, 2016, 02:26:21 PM
 #792

The main reason is that bitcoin is fast like if you want to send money to your family you wont have to go to a bank and wait 3-5 days .
yeah with the bitcoin digital form will be more flexible than paper money or cash. so bitcoin was made for the currency in the future. so in digital form instead of cash

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July 10, 2016, 03:48:31 PM
 #793

The main reason is that bitcoin is fast like if you want to send money to your family you wont have to go to a bank and wait 3-5 days .
yeah with the bitcoin digital form will be more flexible than paper money or cash. so bitcoin was made for the currency in the future. so in digital form instead of cash

Sending money with bitcoin is faster and cheaper. Banks have been overcharging us for centuries. The only thing we need now is a better way to pay/receive interest and the banks will have nothing to stand on.

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July 10, 2016, 08:33:15 PM
 #794

The main reason is that bitcoin is fast like if you want to send money to your family you wont have to go to a bank and wait 3-5 days .
yeah with the bitcoin digital form will be more flexible than paper money or cash. so bitcoin was made for the currency in the future. so in digital form instead of cash

Sending money with bitcoin is faster and cheaper. Banks have been overcharging us for centuries. The only thing we need now is a better way to pay/receive interest and the banks will have nothing to stand on.
i think the same,the century of banks should be over already,we cannot let them get ourselves
poor for the rest of our world right?
Bitcoin can change some of this,because transactions here are really great!
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July 10, 2016, 09:24:52 PM
 #795

The main reason is that bitcoin is fast like if you want to send money to your family you wont have to go to a bank and wait 3-5 days .
yeah with the bitcoin digital form will be more flexible than paper money or cash. so bitcoin was made for the currency in the future. so in digital form instead of cash

Sending money with bitcoin is faster and cheaper. Banks have been overcharging us for centuries. The only thing we need now is a better way to pay/receive interest and the banks will have nothing to stand on.
i think the same,the century of banks should be over already,we cannot let them get ourselves
poor for the rest of our world right?
Bitcoin can change some of this,because transactions here are really great!
of course all the banks should be made to fail right now because in my opinion bitcoin is a way better currency that will allow me to make some good bitcoins
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July 10, 2016, 09:34:46 PM
 #796

The main reason is that bitcoin is fast like if you want to send money to your family you wont have to go to a bank and wait 3-5 days .
yeah with the bitcoin digital form will be more flexible than paper money or cash. so bitcoin was made for the currency in the future. so in digital form instead of cash

Sending money with bitcoin is faster and cheaper. Banks have been overcharging us for centuries. The only thing we need now is a better way to pay/receive interest and the banks will have nothing to stand on.
i think the same,the century of banks should be over already,we cannot let them get ourselves
poor for the rest of our world right?
Bitcoin can change some of this,because transactions here are really great!

That could be great but unforunately the century of banks is not over yet. For a long time we will have to depend on them, they rule the world and we need much more time to change this. Bitocin is one the ways but just not enough.

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July 11, 2016, 12:15:42 AM
 #797

The main reason is that bitcoin is fast like if you want to send money to your family you wont have to go to a bank and wait 3-5 days .
yeah with the bitcoin digital form will be more flexible than paper money or cash. so bitcoin was made for the currency in the future. so in digital form instead of cash

Sending money with bitcoin is faster and cheaper. Banks have been overcharging us for centuries. The only thing we need now is a better way to pay/receive interest and the banks will have nothing to stand on.
i think the same,the century of banks should be over already,we cannot let them get ourselves
poor for the rest of our world right?
Bitcoin can change some of this,because transactions here are really great!

That could be great but unforunately the century of banks is not over yet. For a long time we will have to depend on them, they rule the world and we need much more time to change this. Bitocin is one the ways but just not enough.

Actually, it is enough but due to its low supporters or low popularity it cannot be done. It is the introduction that comes in first. If society sees that there is something this great happening then they can switch if ever they want. Lost of customers can lead to the fall of one bank. Trust and popularity is the key.

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lightyard12
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July 11, 2016, 12:27:59 AM
 #798

The main reason is that bitcoin is fast like if you want to send money to your family you wont have to go to a bank and wait 3-5 days .
yeah with the bitcoin digital form will be more flexible than paper money or cash. so bitcoin was made for the currency in the future. so in digital form instead of cash

Sending money with bitcoin is faster and cheaper. Banks have been overcharging us for centuries. The only thing we need now is a better way to pay/receive interest and the banks will have nothing to stand on.
i think the same,the century of banks should be over already,we cannot let them get ourselves
poor for the rest of our world right?
Bitcoin can change some of this,because transactions here are really great!

That could be great but unforunately the century of banks is not over yet. For a long time we will have to depend on them, they rule the world and we need much more time to change this. Bitocin is one the ways but just not enough.

Actually, it is enough but due to its low supporters or low popularity it cannot be done. It is the introduction that comes in first. If society sees that there is something this great happening then they can switch if ever they want. Lost of customers can lead to the fall of one bank. Trust and popularity is the key.
I agree, if many people use BTC, other people will start to trustBTC and this may generate more users of BTC.

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July 11, 2016, 12:28:18 AM
 #799

The fact that you are able to confidently walk around without having to fear of getting robbed from holding cash is another bonus for bitcoins because it's like a hidden money.
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July 11, 2016, 10:54:58 AM
 #800

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.
I am agree with your second point, it is hundred person suitable for me. I mean i have same thinking when i started with bitcoin. Because if we have save our money in fiat, so how we can get profit, bank is also best but choice the change field and than i select the bitcoin and i start the investment with it and now i am getting good profit from it. 
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