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Author Topic: Why have Bitcoin instead of cash?  (Read 246109 times)
Orion25
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September 10, 2016, 05:21:23 PM
 #1121

I do not think that bitcoin will replace cash, at least for now. Cryptocurrency are a very limited number of people, and therefore such case scenario, can not count. Perhaps in the near future, bitcoin will take in all the shops and restaurants.
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bluechipinvestor
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September 10, 2016, 08:08:44 PM
 #1122

I think that cash is  not so good as bitcoin in security matter, but it's still better for using.  It is so hard to spend  bitcoins well online, cause  many different shops  still do not accept it.
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September 10, 2016, 08:15:02 PM
 #1123

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

On one side you are right but if you really want to spend your bitcoins (without worrying about the fees) then you can.
Through the bitcoin debit card you can buy mostly everything that you can buy with your normal local credit card.
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September 10, 2016, 09:02:45 PM
 #1124

I can't understand why people don't like cash, for me personaly, cash is much better than bitcoins, you have many opportunities to use it and other stuff like this.

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September 10, 2016, 10:59:10 PM
 #1125

I think this question  is pretty easy to answer ,  because the bitcoin is secure  and you cannot get robbed.  Also you can not lose it on  the streets and its also  that you can  transfer it internationally.
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September 10, 2016, 11:09:11 PM
 #1126

I think this question  is pretty easy to answer ,  because the bitcoin is secure  and you cannot get robbed.  Also you can not lose it on  the streets and its also  that you can  transfer it internationally.

This can be true but it can not be too, because there are bitcoin wallets that do not provide you the private key.
So if you do not control 100% your bitcoins means that it isn't yours 100% but bitcoin can be robbed and you can get scammed.
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September 11, 2016, 02:44:00 AM
 #1127

It's better to have  bitcoins rather than  holding or having a cash  on hand. It possess safety and  security in some way than money  can never had. Holding money is a risk  type of negotiation . The btc transactions are better  and very fast other  than banking system.
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September 11, 2016, 02:46:22 AM
 #1128

I prefer to have bitcoin instead of cash because it is very versatile and it can be used on the go.
With cash you always have to remember which pants your wallet was in and if you accidentley left it in wash. If you did then that money is ruined. Cheesy
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September 11, 2016, 02:57:53 AM
Last edit: September 13, 2016, 01:46:57 PM by vasrasus
 #1129

When I receive a payment from some sites and give my fiat wallet address on them. I quickly convert it to BTC wallet for some reason I know that it have chances to have a higher in value than its normal value.

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September 11, 2016, 03:02:27 AM
 #1130

I prefer to have bitcoin instead of cash because it is very versatile and it can be used on the go.
With cash you always have to remember which pants your wallet was in and if you accidentley left it in wash. If you did then that money is ruined. Cheesy
+1 yeah with bitcoin you can just move without worrying if you bring your money just like credit just needed to put your code and you are ready to go unlike with cash you are always worrying especially if you bring huge amount.
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September 11, 2016, 06:11:44 AM
 #1131

I don't think you should try  having all in bitcoins and  nothing in fiat money.  Because you can't buy everything with btc, you also need cash, of course.

I think itis now not hard to buy things with bitcoin, you can search for online goods which are available with the payment system of bitcoin and you will find that there is everything available with bitcoin, and with bitcoin credit card, you can buy even in your local stores with bitcoin.

I agree, there are lots of third party processor that take advantage of bitcoin fever and convert bitcoin to fiat in just a small amount of fee.  Like for example in my country, we can (those who don't like credit cards or depositing their money in the bank) send payment to our monthly bills with the use of bitcoin processed by coins.ph.  So basically it gives us convinience.

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AicecreaME
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September 11, 2016, 06:19:32 AM
 #1132

Because bitcoin can be use in either way, on virtual world or in the real world by converting it to cash but cash using into virtual world? Yeah, it can be use but there's a long way process in paying cash through online than paying it in bitcoin. But I'm not suggesting you to use bitcoin always to pay online when you're gonna buy something because bitcoin is that important you know.
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September 11, 2016, 08:33:19 PM
 #1133

You can save bitcoins as  long as possible because it can not be touched  physically so we wont  loose it, but money are made from  paper and it can be broken,someone can burn it or  use another ways to break it.
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September 11, 2016, 09:52:03 PM
 #1134

You can save bitcoins as  long as possible because it can not be touched  physically so we wont  loose it, but money are made from  paper and it can be broken,someone can burn it or  use another ways to break it.

You are right in that sense no one can harm your bitcoins as they are saved in our wallets in pure form, but if some one do not know about to secure his/her wallet then the chances are there to hack by someone, so the security and safety of bitcoin is also important.
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September 12, 2016, 03:36:36 AM
 #1135

You can save bitcoins as  long as possible because it can not be touched  physically so we wont  loose it, but money are made from  paper and it can be broken,someone can burn it or  use another ways to break it.

The hacking thing is our only problem here. It can be easily prevented with some precautions. Also avoiding some sign up websutes that says gives some good pay. It is the startegy of some hackers so beware of that.
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September 12, 2016, 04:18:29 AM
 #1136

You can save bitcoins as  long as possible because it can not be touched  physically so we wont  loose it, but money are made from  paper and it can be broken,someone can burn it or  use another ways to break it.

You are right in that sense no one can harm your bitcoins as they are saved in our wallets in pure form, but if some one do not know about to secure his/her wallet then the chances are there to hack by someone, so the security and safety of bitcoin is also important.

True, you have a point bitcoin can be easily stored in our wallets  and the risk of lossing it is lesser compared to cash but both of these things have ways on how to secure it because money is valuable for us. Both had also risk on lossing on bitcoin  it can possibly be hacked or  forgotten wallet password.

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September 12, 2016, 03:45:35 PM
 #1137

With regard to risk issues, if you hold cash there are chances that it might get stolen, but using btcs you can hold your coins in your digital wallets.
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September 12, 2016, 04:18:29 PM
 #1138

You can save bitcoins as  long as possible because it can not be touched  physically so we wont  loose it, but money are made from  paper and it can be broken,someone can burn it or  use another ways to break it.

You are right in that sense no one can harm your bitcoins as they are saved in our wallets in pure form, but if some one do not know about to secure his/her wallet then the chances are there to hack by someone, so the security and safety of bitcoin is also important.

True, you have a point bitcoin can be easily stored in our wallets  and the risk of lossing it is lesser compared to cash but both of these things have ways on how to secure it because money is valuable for us. Both had also risk on lossing on bitcoin  it can possibly be hacked or  forgotten wallet password.
Yeah but you can secured your wallet just always put a 2 factor authentication like on electrum you can put 2 factor authentication always use it any wallet like electrum it can help you to prevent other users to open your wallet.
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September 12, 2016, 04:51:52 PM
 #1139

You can save bitcoins as  long as possible because it can not be touched  physically so we wont  loose it, but money are made from  paper and it can be broken,someone can burn it or  use another ways to break it.

The hacking thing is our only problem here. It can be easily prevented with some precautions. Also avoiding some sign up websutes that says gives some good pay. It is the startegy of some hackers so beware of that.



He mean to say that He will save the bitcoin in paper wallet to give a proper security for that and then if we save in paper There is no chance of altering or hacking that one. Hackers can only play online not at the offline modes and all.
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September 12, 2016, 04:56:52 PM
 #1140

You can save bitcoins as  long as possible because it can not be touched  physically so we wont  loose it, but money are made from  paper and it can be broken,someone can burn it or  use another ways to break it.

I don't think that is a sensible answer to that question, you cannot say that someone can physically burn or break your money which bitcoin they cannot do with while you also can save your money in a bank where no one can touch it and even if someone does you wont be responsible and you will get your money at any cost.
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