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Author Topic: Why have Bitcoin instead of cash?  (Read 246107 times)
entrepmind23
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August 08, 2016, 10:26:23 AM
 #961

If someone wanted to save for the future and have spending issues like when he has cash he can't resist but spend it then he should consider converting some of his cash to bitcoin. In that way, since he can't buy everything with bitcoin then whenever he wanted to buy something and his money is just enough for the basic necessities then he can control his spending. If he is an impulsive buyer then he cannot buy immediately because of fund restrictions.

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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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August 08, 2016, 10:26:52 AM
 #962

Besides, Bitcoin is an invisible gold and do not be restricted by the customs.

By the way you can have both. Cash and bitcoin and also Gold. Because they are not the same currency, cash is for international currency, bitcoin is for digital currency and gold is for long time currency. So these 3 currency is the best thing that you can partnered with.

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August 08, 2016, 10:33:26 AM
 #963

Can agree with people who saying that bitcoin is better than cahs, for using as currency cash is really much better that bitcoin and also much esier.
well cash is really easy to use right now, though i think that in the future bitcoin will be way easier to use and thats why im holding bitcoins

if you are just buying small stuffs then cash is better. but if you are holding a lot of it, it is already too bulky. It is better if you have bitcoins or debit card. You do not have to carry stuffs around, just your cellphone. And that is normal because you always carry your cellphone with you.
yes that is right but we cannot depend on bitcoin only, i consider bitcoin as a side business and i mostly invest my all  assets in bitcoin, i am a teacher and when i receive my salary i try to buy bitcoin with it, but for my daily necessities i use fiat currency because we have no facilities of using bitcoin in  in our local markets.

Im a employee to (Government Employee) then earning bitcoin online is my sideline because the use of bitcoin in my life is to buy something online . It is easy to buy things online using bitcoin than the actual money because lot of process to do it not like bitcoin just get the wallet enter the amount of money then you're done! But i do prefer our fiat money because bitcoin in our country is not fully recognize we are in the 3rd world country. But soon they would recognize it Cheesy
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August 08, 2016, 01:10:50 PM
 #964

We generally invest in bitcoin not because of high and encrypted security or digital transition.we invest them as they give us profit directly or indirectly.yes bitcoin have compact parameter which make it more flexible and reliable.

That could be right. Most of us invest in bitcoin because it has limited supplies, so the value will increase later.

Very true. The more we are going near the depletion of it the more it becomes valuable and soon many will also come to get some bitcoin and there will be a lot of demands.

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August 08, 2016, 01:15:54 PM
 #965

Bitcoin is the most accessible money globally , wherever you are.
Despite the fact that it is not known like dollar $ ..

It's not really accessible. And not globally at all. I got to drive +500km to get to a BTC ATM. I have to drive +200km to find a shop accepting BTC. The price is +$570. How can it be accessible at this price?
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August 08, 2016, 01:31:02 PM
 #966

Bitcoin is the most accessible money globally , wherever you are.
Despite the fact that it is not known like dollar $ ..

It's not really accessible. And not globally at all. I got to drive +500km to get to a BTC ATM. I have to drive +200km to find a shop accepting BTC. The price is +$570. How can it be accessible at this price?

I think what he is trying to say is access online. A shop online or buying and selling in some websites. But what if you are in almost a deserted place and just got a small store to buy what you need. I hope they accept bitcoin there.  Grin
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August 08, 2016, 03:53:38 PM
 #967

Bitcoin is the most accessible money globally , wherever you are.
Despite the fact that it is not known like dollar $ ..

It's not really accessible. And not globally at all. I got to drive +500km to get to a BTC ATM. I have to drive +200km to find a shop accepting BTC. The price is +$570. How can it be accessible at this price?

If he is in the city then yes he could say that. 711 is now accepting bitcoin buying but I dont know if they do with selling. Well banks could do it. Just need a wallet site connected.

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August 08, 2016, 07:45:53 PM
 #968

The reason why I would choose Bitcoin over cash is because you can even make more money with Bitcoin which can lead to cash.
It just can take a while before you get your cash but that does not matter I will be patient if I can make more money with it.
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August 08, 2016, 08:04:09 PM
 #969

Bitcoin is the most accessible money globally , wherever you are.
Despite the fact that it is not known like dollar $ ..

It's not really accessible. And not globally at all. I got to drive +500km to get to a BTC ATM. I have to drive +200km to find a shop accepting BTC. The price is +$570. How can it be accessible at this price?

If he is in the city then yes he could say that. 711 is now accepting bitcoin buying but I dont know if they do with selling. Well banks could do it. Just need a wallet site connected.
This is not a correct price, if the sale price is more than shopping. Probably better to deal with other issues to raise their fees.
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August 08, 2016, 08:07:11 PM
 #970

I like to have bitcoin rather than cash because it's versatility.
It can do what cash could not or ever will be able to do. Grin

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August 08, 2016, 10:22:52 PM
 #971

You should get Bitcoin instead of cash so the government can't put tax on you. This is really efficient especially if you're going to get your salary in bitcoin, income tax just takes a big portion of your salary. People have been dealing with this thing for a long time already.

You might also want to consider the fact that bitcoin's value increases over time (there are some dips though). And the value of cash doesn't increase even if you wait for years unless your country's economic state changes.

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August 08, 2016, 10:43:58 PM
 #972

Bitcoin is the most accessible money globally , wherever you are.
Despite the fact that it is not known like dollar $ ..
thats true you just need internet connection and that is it, i think that in the future bitcoin will potentially replace dollar because of many benefits bitcoin has
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August 08, 2016, 11:25:37 PM
 #973

Bitcoin is the most accessible money globally , wherever you are.
Despite the fact that it is not known like dollar $ ..
and it is the easiest money to use right now, you dont need to have any knowledge about it you just need to have a mobile phone and know how to use it

 
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August 09, 2016, 02:44:09 AM
 #974

There's no need of longest wait to have your money,no charges,no bank transactions , the fastest way of claiming money.Asking bitcoin or cash?Simply for me bitcoin..

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August 09, 2016, 06:41:37 AM
 #975

There's no need of longest wait to have your money,no charges,no bank transactions , the fastest way of claiming money.Asking bitcoin or cash?Simply for me bitcoin..

Yes using bitcoin is hassle free without any charge.  It takes only a minute to receive and send it.  But the thing is it is not yet popular and not known to many people.  Less people knows the capabilities and capacity of bitcoin.  It would be hard for people who are not familiar with computers like our parents and grand parents.  Bitcoins cannot be purchase for things like groceries, but still in terms of less worries and less stress I would opt to use bitcoin.  Hope that it would be recognize as a fiat money.
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August 09, 2016, 09:12:46 AM
 #976

There's no need of longest wait to have your money,no charges,no bank transactions , the fastest way of claiming money.Asking bitcoin or cash?Simply for me bitcoin..
Because you are only looking at one angle of the competition, if you would also consider its totality then surely cash will outplay bitcoins. Cash are widely accepted while bitcoin is still young and so much to prove to the public before massive adoption will happen.
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August 10, 2016, 04:57:01 PM
 #977

There's no need of longest wait to have your money,no charges,no bank transactions , the fastest way of claiming money.Asking bitcoin or cash?Simply for me bitcoin..
Because you are only looking at one angle of the competition, if you would also consider its totality then surely cash will outplay bitcoins. Cash are widely accepted while bitcoin is still young and so much to prove to the public before massive adoption will happen.

Cash will last very long. It is anonymous and good for money laundering. Rich people and criminals like it.
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August 10, 2016, 05:05:05 PM
 #978

There's no need of longest wait to have your money,no charges,no bank transactions , the fastest way of claiming money.Asking bitcoin or cash?Simply for me bitcoin..
Because you are only looking at one angle of the competition, if you would also consider its totality then surely cash will outplay bitcoins. Cash are widely accepted while bitcoin is still young and so much to prove to the public before massive adoption will happen.

Cash will last very long. It is anonymous and good for money laundering. Rich people and criminals like it.
That's partially why everyone likes it, you can move everything completely anonymously and there is no way to trace it unless someone tells, and thus anyone with a lot of money or those who move illicit goods like it because no-one will ever know.

I like Bitcoin because it lets me move large amounts and tuck some things away in a private and relatively anonymous manner, but there are some minor pitfalls too.
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August 11, 2016, 07:35:50 AM
 #979

There's no need of longest wait to have your money,no charges,no bank transactions , the fastest way of claiming money.Asking bitcoin or cash?Simply for me bitcoin..
Because you are only looking at one angle of the competition, if you would also consider its totality then surely cash will outplay bitcoins. Cash are widely accepted while bitcoin is still young and so much to prove to the public before massive adoption will happen.

Cash will last very long. It is anonymous and good for money laundering. Rich people and criminals like it.

It applied also in the same financial form so no new story here.

Let's just hope that all this financial form will give us more benefits in the future. Don't ever consider to replace all of them in just one financial form. People have different financial lifestyle so no way all of them can be replaced with just one.

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Capradina
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August 11, 2016, 12:12:23 PM
 #980

There's no need of longest wait to have your money,no charges,no bank transactions , the fastest way of claiming money.Asking bitcoin or cash?Simply for me bitcoin..

Very precisely, Bitcoin more beneficial for all of us than we are to use the Bank for transactions carried out. However, more banks have a legal basis and will definitely get a guarantee on all the things we do. Unlike the bitcoin, bitcoin has no legal basis and also guarantee. But to the advantage I will use the bitcoin and after that Exchange bitcoin into fiat and after that used the bank so that my money is assured with good
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