Why have Bitcoin instead of cash?

[alplaxxx]

many advantages of using bitcoin, bitcoin and its ilk will only be useful for transactions that require privacy and also as a risky alternative investment: The volatility of bitcoin's exchange rates is far greater than any other currencies or money-like commodity. The blue line on the chart below in the 30-day volatility of Bitcoin's exchange rate to the U.S. dollar, and the green one is gold price volatility:

[escrowboy]

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.

That works in real life but there's a possibility that it will happen in virtual too and we call them hackers. Sure you can get rid off on robbers but you can't get rid of hackers. Good thing we have optional security where we choose if we want our account to be more secure.

[mishra1994u]

i would prefer cash actually instead of bitcoin..yes but having bitcoin as some advantages that we can pay online like mobile recharges using bitrefill and i also use them for gambling..but later i convert them to fiat when i have enough of them...so i would prefer cash

[Ravion]

The truth is that many people believe bitcoin is a potential investment, rather than cash. If there weren't so much volatility in the price of bitcoin, most people wouldn't be so interested in it.

Bitcoin still needs more time and many things to prove, to become a form of money that the majority of people would be using for their daily transactions.

[livinglegend]

Low inflation is one of the main reasons

[goinmerry]

The truth is that many people believe bitcoin is a potential investment, rather than cash. If there weren't so much volatility in the price of bitcoin, most people wouldn't be so interested in it.

Bitcoin still needs more time and many things to prove, to become a form of money that the majority of people would be using for their daily transactions.

Strongly agree with that. Improvements should be made on how it will be used. But truthfully it can be illegal or not. There are no traces of any transactions within it. If someone wants to pay up in bitcoin with the guns or drugs that he bought it can be done without anyone noticing it.

[bamboylee]

I have found some people who claims that they have put some btc onto offline wallet,an they want to store it for about 10 years,i have
a friend who did that actually.I dont like long term investments,but true,it might get them really big profit after some time,if btc wont die.

I think that cash is much better anyway, it's simple for use and also not so risky to use as bitcoins, i think that bitcoin is losing to cash in many cases.

You mean having bitcoin is risky?
Why,because it is new or because it is easy to stole it?
Actually it is not easy,bitcoins are very secure if you know what you are doing,anyway you can but a lot of thing's with bitcoin,even in malls.

In a few countries yes. And you are right bitcoin is more secured than having cash in your wallet. Just think of a robbery situation. When someone snatched your wallet your bitcoin will not be with it.

Yeah but i know some dumb people who have their bitcoin ID ( for logging in ) and password to it written on a paper and they hold it with them
every where they go hahaha.
I love the idea of using btc because i dont have to leave bank's any cash,I just dont let them earn.

I do not think pick pockets and small time robbers who snatch people's purse knows about or care about bitcoins. They will see that piece of paper and will think it is trash. So just change the password and your coins are safe again. And I do not think people will place bitcoin wallet login and password on the same place. Atleast they know it by heart, so no one can rob it from them.

[escrowboy]

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.

Yeah, if they introduce bitcoin to other but if they don't then there's no new users that are going to come and try bitcoin. It will still depend on existing users if they want to share the blessings they have.

[CryingMidget]

The truth is that many people believe bitcoin is a potential investment, rather than cash. If there weren't so much volatility in the price of bitcoin, most people wouldn't be so interested in it.

Bitcoin still needs more time and many things to prove, to become a form of money that the majority of people would be using for their daily transactions.

Don't worry! bitcoin will be more popular later in the future and also more used and that is very good. The world is becoming more digital and that is very nice.
I hope that more people are also going to use Bitcoin and that it will be more popular and more worth that is also very important.

[hermanhs09]

The truth is that many people believe bitcoin is a potential investment, rather than cash. If there weren't so much volatility in the price of bitcoin, most people wouldn't be so interested in it.

Bitcoin still needs more time and many things to prove, to become a form of money that the majority of people would be using for their daily transactions.

Don't worry! bitcoin will be more popular later in the future and also more used and that is very good. The world is becoming more digital and that is very nice.
I hope that more people are also going to use Bitcoin and that it will be more popular and more worth that is also very important.

as you said,we already can see many changes in our world.
everything is getting smaller ( im talking about electronics ),simplier and easier to use.
We also see everything getting digital as you said,so i think we may have btc instead of cash,but maybe in like 15 years,it will be enough popular to complete this.

[Doamader]

One big advantage of bitcoin agains cash its the volatility, its amazing to wake up with 0,10btc and being worth around 70 dollars when you went sleep were just 45 dollars. I use my fiat to pay my bills, i use bitcoin to purchase something online. I do like bitcoin because i can spend them 24/7.

[Zadicar]

Bitcoin increases it's price as the time goes by,same as currency but they go up but not as high as Bitcoin. It can give you convenience even though your wallet is empty with cash but your Bitcoin is there inside your pocket ex. In your mobile phone and also no one can steal it from you.

[groll]

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.

6] There are many online jobs that pays bitcoins. Its hard to find high paying online jobs that pays in cash. But bitcoin online jobs offers many extra income opportunities.

This is the main reason why I love bitcoins, though I love cash also, but bitcoin can give me job opportunities and i can do many things with bitcoin just by facing my computer and mobile phone. FOrtunately I am earning today which helps me financially.

[valta4065]

Why having a credit card instead of cash?

It's the same for coins. It's not heavy, you can't get it stolen easily, it's much more practical.
It's all we need =)

[Mumbeeptind1963]

Bcoz bitcoin now has many ways to use like pay your bills like electricity water or even an sss you do not have to go and fall in line to pay with just direct it to your wallet. And you even buy a food using bitcoin there a lot of uses now of bitcoin go shopping buy things if you need cash you can cash out too your bitcoin thats why bitcoin now is my wallet where ever i go i have bitcoin to use.

[23dzmaz]

Well, i have both bitcoin and cash. I have cash because i always use it for my daily things and i have bitcoin because it's more worth when you are not use your cash (idle cash).

[Maslate]

Well, i have both bitcoin and cash. I have cash because i always use it for my daily things and i have bitcoin because it's more worth when you are not use your cash (idle cash).

Bitcoin for me is more like an investment because I earn profit using it and the profit I earn will be converted in to cash to buy some stuffs to pay off my hard work.

[Xester]

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 agree with number 2 that says bitcoins are a potential investment. I also like number 3 which says fast, worldwide transactions at my fingertips. But I have my own personal reasons why I prefer bitcoins than cash. THe very reason is that in the real world with cash it is hard to find extra income opportunities, if there are you need higher capital. But with bitcoins there are many sites like faucets that gives you free and you can make it grow using gambling sites.

[patronis]

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.

A system that pays to invest in, much like a bank, would indeed help with moving away from our currently system but then the issue would be that the public doesn't trust new technology based things in a heartbeat. The older half of the public would definitely would actively look for flaws but not admit the current system has more flaws, digging their heels into the dirt in an attempt to stop/slow the progress of technology.
"We've always used this system, its worked for xxx years so why do we need to change it now?"

[sobsitesearch]

I have bitcoin to send money to my relatives and i like to used this because the fee is lower than the other remittance center but i have cash for my daily expenses.