Why have Bitcoin instead of cash?

[Golftech]

Well having to use your BTC wallet can be handy as you won't bring any wallets, cards, or pocket money in order to pay, also you prevent it from losing money from loose pockets, having to pay the exact amount. Well everything would be benefitial but ofcourse it must be available for everybody in order to bring no extra cash.

You don't have to carry your regular wallet or card with you but you still need to somehow have access to your Bitcoins in order to make payments. This means you'll need to have your phone or some other electronic device with you. Not only that but if your battery dies or you're in an area where you don't have internet, you're stuck. Whereas paper money is not dependent on any of these things.

Cash is very simple to use and that is the only main advantage on bitcoin, I earn bitcoin and I like to spend bitcoin but it is not that popular in our world and you can only see few stores to accept bitcoin and mostly they are located in a progressive country so I have no choice but to use my cash.

the limitation on how it can be use thats the problem from bitcoin if only all place have computers all any technology that can be use to adopt btc transaction maybe cash is no longer be needed but its not possible yet especially to the third world place like us.

[el kaka22]

Paper money you use mostly as a currency, unless you work in forex. But bitcoin is an currency and also investment, if you save it for the long term.

paper still needed especially when you go to a certain place that doesn't have electricity its impossible for you to any transaction
that's one of disadvantage of btc you can do anything without electricity.

Your mobile wallet does not require continuous power supply. Even your laptop too. In this 21st century we never need to worry about electricity or its interruption.
Once bitcoin will have stable price, we may get physical bitcoin similar to paper money, who knows?

[freedomgo]

Paper money you use mostly as a currency, unless you work in forex. But bitcoin is an currency and also investment, if you save it for the long term.

paper still needed especially when you go to a certain place that doesn't have electricity its impossible for you to any transaction
that's one of disadvantage of btc you can do anything without electricity.

Your mobile wallet does not require continuous power supply. Even your laptop too. In this 21st century we never need to worry about electricity or its interruption.
Once bitcoin will have stable price, we may get physical bitcoin similar to paper money, who knows?

The big question is when will be the price of bitcoin will be stabilize, we will not see it in the future I guess because we are just a small community and we are not legally operating which is the main basis for the government to support us, we will continue to be on our status as anonymous and as a alternative currency.

[bluechipinvestor]

There are different reasons that make bitcoin a better choice for the users. One of them is the ease of use. Another point is the efficiency to make transactions, which are really safe because of the blockchain technology.

[Ziskinberg]

Cash is very easy to use and with cash we can buy anything we want as it is widely accepted and as a legal tender of the a certain country people would accept it, bitcoin is only good for investment.

[Zooplus]

There are different reasons that make bitcoin a better choice for the users. One of them is the ease of use. Another point is the efficiency to make transactions, which are really safe because of the blockchain technology.

I will use cash if I will be spending my money because it is easy to use it compared to bitcoin, on the other hand bitcoin is good if you will use it as investment so they have different usage and it only depends on the users of certain currency on what currency they are comfortable of using.

[ironm@n]

I do not believe that you should have all funds of your portfolio in btcs, and nothing in cash. Because, as you probably know, you still can't buy everything using cryptos in these days. You still need paper money, to use in your daily life.

[Altynbekova]

bitcoin is too safer and secure and its transaction is very faster and bitcoin transaction fees is very lower.

of course bitcoin is way safer, you dont have to give it to someone like banks to hold it and you are the master of your own bitcoins

This is a very important argument of why I have bitcoin instead of cash. I want to be the owner of my money obviously and by putting it on the bank you are essentially borrowing it to the bank I don't like the sound and idea of that.
Also bitcoin is digital with low fees which is a big plus.

[tee-rex]

Banks does steal money from us. How? Well they use money that we deposited from them and use it to loan it to other people with high interest, after that they will give us little interest per yer, in which inflation will take place that will lower the buying power of our money saved, Lets not be outsmarted by greedy banks lets  find other ways to save money.

Inflation doesn't happen because banks lend out money, but to say that they steal our money because they pay less interest than they get themselves through lending this money out is laughable at least. It is their business, and if you don't like it, no one urges you to deposit your precious bucks in a bank in the first place. Entrepreneurs that take loans from a bank to start or run a business should earn even a higher interest off their enterprise, but this doesn't mean that they are stealing from you implicitly or from the bank directly.

Inflation will only happen to us because when putting our money in bank and if we think we will have a good income of the interest given that is not correct, the longer we put our money there the more the value depreciates, therefore putting your money in banks should not be considered as investment but just a mere savings.

Honestly, I don't see your point here. How can placing money in a bank increase inflation? Could you please explain what you mean. Banks don't need deposits to lend out money anyway, since money can be created "out of thin air" by the banks. Strictly speaking, it is the Central bank behind private banks that does just that. The deposits of regular people cannot possibly boost up inflation. You, and those who think along the same lines as you, seem to be confusing something.

I do not believe that you should have all funds of your portfolio in btcs, and nothing in cash. Because, as you probably know, you still can't buy everything using cryptos in these days. You still need paper money, to use in your daily life.

If you are using a Bitcoin payment card which is linked to your Bitcoin wallet, you can basically buy everything using bitcoins nowadays just like you buy things with a typical bank card. Here's the comparison of the six major Bitcoin payment cards for anyone interested in the question.

[Doamader]

Banks does steal money from us. How? Well they use money that we deposited from them and use it to loan it to other people with high interest, after that they will give us little interest per yer, in which inflation will take place that will lower the buying power of our money saved, Lets not be outsmarted by greedy banks lets  find other ways to save money.

Inflation doesn't happen because banks lend out money, but to say that they steal our money because they pay less interest than they get themselves through lending this money out is laughable at least. It is their business, and if you don't like it, no one urges you to deposit your precious bucks in a bank in the first place. Entrepreneurs that take loans from a bank to start or run a business should earn even a higher interest off their enterprise, but this doesn't mean that they are stealing from you implicitly or from the bank directly.

Inflation will only happen to us because when putting our money in bank and if we think we will have a good income of the interest given that is not correct, the longer we put our money there the more the value depreciates, therefore putting your money in banks should not be considered as investment but just a mere savings.

Honestly, I don't see your point here. How can placing money in a bank increase inflation? Could you please explain what you mean. Banks don't need deposits to lend out money anyway, since money can be created "out of thin air" by the banks. Strictly speaking, it is the Central bank behind private banks that does just that. The deposits of regular people cannot possibly boost up inflation. You, and those who think along the same lines as you, seem to be confusing something.

I do not believe that you should have all funds of your portfolio in btcs, and nothing in cash. Because, as you probably know, you still can't buy everything using cryptos in these days. You still need paper money, to use in your daily life.

If you are using a Bitcoin payment card which is linked to your Bitcoin wallet, you can basically buy everything using bitcoins nowadays just like you buy things with a typical bank card. Here's the comparison of the six major Bitcoin payment cards for anyone interested in the question.

Thanks for the link about the bitcoin cards i were searching about them, i will for sure get one over the next year soo my girlfriend can shop with it and stop saying im wasting my time. I do believe bitcoin will keep growing, the decentralization, even with some big whales holding a lot coins able to affect bitcoin value instant, fiat will always be manipulated accordingly with the interest of each country.

[bitkilo]

For me having bitcoin rather than cash just let's me feel like i got control back over something in my life that I can do myself instead of paying someone else (bank) to do it.

[Rostadom]

The only reason why you'll have Bitcoin instead of cash is because you're making money out of Bitcoin. You're investing your money in Bitcoins so you convert them into it. Bitcoin isn't essential in daily living, though. Cash would always be more appropriate whenever you're buying your daily needs and all the other stuffs. Bitcoins can only be used as an investment and as a way to pay people on the Internet.

[tee-rex]

The only reason why you'll have Bitcoin instead of cash is because you're making money out of Bitcoin. You're investing your money in Bitcoins so you convert them into it. Bitcoin isn't essential in daily living, though. Cash would always be more appropriate whenever you're buying your daily needs and all the other stuffs. Bitcoins can only be used as an investment and as a way to pay people on the Internet.

I happily disagree with this point of view. Since I am a heavy user of bank payment cards myself (debit cards, to be precise), I can tell with perfect surety that these cards are much more convenient than cash for everyday expenses. Losing such a card doesn't mean losing any money, stealing it in the majority of cases is meaningless, and I can always get cash should such a need arise. Now that there are a bunch of Bitcoin payment cards issued by quite a few online wallets and exchanges, spending Bitcoin is as easy as it can possibly get (or even easier than that).

[danherbias07]

The only reason why you'll have Bitcoin instead of cash is because you're making money out of Bitcoin. You're investing your money in Bitcoins so you convert them into it. Bitcoin isn't essential in daily living, though. Cash would always be more appropriate whenever you're buying your daily needs and all the other stuffs. Bitcoins can only be used as an investment and as a way to pay people on the Internet.

I happily disagree with this point of view. Since I am a heavy user of bank payment cards myself (debit cards, to be precise), I can tell with perfect surety that these cards are much more convenient than cash for everyday expenses. Losing such a card doesn't mean losing any money, stealing it in the majority of cases is meaningless, and I can always get cash should such a need arise. Now that there are a bunch of Bitcoin payment cards issued by quite a few online wallets and exchanges, spending Bitcoin is as easy as it can possibly get (or even easier than that).

It is. But it is still different than those credit cards. There are some things that I dont like about that. Like annual fees and other stuffs that they charge without prior notice. You will have to go to the bank to know where this came from and I dont want to waste my time doing that.

[Newcoins2020]

Cause bitcoin is all digital that's the beauty of bitcoin. Paper cash can get lost and stolen etc. Also bitcoin has such a fast transaction rate compared to some banks.
Also bitcoin has close to zero fees which really counts if you count up all the bank fees you've paid in your life.

[xdrpx]

During my recent travel, I was able to carry around my Bitcoin debit card and use it anywhere in another country. It's again similar to owning a Forex card or a Credit card with cash, but the rates on this one were pretty low. I'd also find it beneficial for having Bitcoins cause of the low fees, transparency, ease of operation from your mobile device and for a better form of investment that you can use to gain better returns.

[dinda22]

Cause bitcoin is all digital that's the beauty of bitcoin. Paper cash can get lost and stolen etc. Also bitcoin has such a fast transaction rate compared to some banks.
Also bitcoin has close to zero fees which really counts if you count up all the bank fees you've paid in your life.

bitcoin can also be stolen, you should see several cases of hackers. bitcoin also can not be said at this time of fast transactions. I always experience transaction that makes me upset to wait for 1 confirmation can sometimes take 10-20 minutes more lately.

but yes, excess bitcoin as digital is better and easier to transact at a low cost, also can be done anywhere and anytime.

[goinmerry]

During my recent travel, I was able to carry around my Bitcoin debit card and use it anywhere in another country. It's again similar to owning a Forex card or a Credit card with cash, but the rates on this one were pretty low. I'd also find it beneficial for having Bitcoins cause of the low fees, transparency, ease of operation from your mobile device and for a better form of investment that you can use to gain better returns.

It is the ease of having money in just your mobile devicd that I found it really interesting. Who would even think that I can travel also just bringing my cellular phone and pay for whatever I will need. We can say it is really the future. It is getting more convenient with this creations.

[utkarshm]

Well both have different features and its own advantages and talking about bitcoin over cash,we can use bitcoin as a currency to buy things online and also at the same time we could use it as an investement to earn even more out of that,by investing it or just trading with them to generate some profit out of it.

[serjent05]

Well both have different features and its own advantages and talking about bitcoin over cash,we can use bitcoin as a currency to buy things online and also at the same time we could use it as an investement to earn even more out of that,by investing it or just trading with them to generate some profit out of it.

This is so true but as of now bitcoin cant be  use to buy foods or groceries  in a store near you.  So you still need cash to buy for them.  Until this issue is solved i think i will stick to cash because i can spend it anywhere, anytime and everywhere.  Unlike BTC that can only be spend in the internet.