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Author Topic: Why have Bitcoin instead of cash?  (Read 246167 times)
Dora Doll
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September 23, 2016, 06:08:03 AM
 #1281

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.
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September 23, 2016, 07:00:22 AM
 #1282

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.
So can you spend your bitcoin without a cash? I think not, and no one can because we are too dependent on fiat and without it our bitcoin might be worthless, maybe for investment purposes we can consider bitcoin than cash but in overall we need cash to spend.
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September 23, 2016, 07:19:38 AM
 #1283

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.
So can you spend your bitcoin without a cash? I think not, and no one can because we are too dependent on fiat and without it our bitcoin might be worthless, maybe for investment purposes we can consider bitcoin than cash but in overall we need cash to spend.

You are right since bitcoin is dependent  to fiat because   bitcoin is  getting   value from  fiat right? If  paper currency would have  no  value then bitcoin would be  the same. And also cash or paper money is being used commonly by people all over the world  and its impossible for people to switch fully to bitcoin.

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September 23, 2016, 07:23:37 AM
 #1284

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.

Bitcoin is just like fiat currency.  It can do what a fiat currency can do like using it to buy, sell, invest, and trade.  You could also pay things like bills and loans through it.  The only difference I think is that if you keep your bitcoin on your bitcoin wallet, its price could go up or down.  Unlike when you have cash its value remain the same.
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September 23, 2016, 07:52:25 AM
 #1285

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.
So can you spend your bitcoin without a cash? I think not, and no one can because we are too dependent on fiat and without it our bitcoin might be worthless, maybe for investment purposes we can consider bitcoin than cash but in overall we need cash to spend.
i think he's talking about cash(money that have pyhsical form) and if that so,we can still spend our bitcoin for such thing like buying stuff,bitcoin is not dependent on fiat,bitcoin only showing the value of bitcoin equivalent to fiat when even there's no fiat bitcoin could be exchanged to gold as long there's demand

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September 23, 2016, 08:15:50 AM
 #1286

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.
So can you spend your bitcoin without a cash? I think not, and no one can because we are too dependent on fiat and without it our bitcoin might be worthless, maybe for investment purposes we can consider bitcoin than cash but in overall we need cash to spend.
i think he's talking about cash(money that have pyhsical form) and if that so,we can still spend our bitcoin for such thing like buying stuff,bitcoin is not dependent on fiat,bitcoin only showing the value of bitcoin equivalent to fiat when even there's no fiat bitcoin could be exchanged to gold as long there's demand
For now, I cannot conclude yet that bitcoin can be an independent currency because it has not achieve a good adoption rate, the reality will tell that the total number of users of bitcoin is just less than 1% of the total world population and that is not huge for me, we need more adoption.

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Golftech
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September 23, 2016, 08:30:58 AM
 #1287

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.
So can you spend your bitcoin without a cash? I think not, and no one can because we are too dependent on fiat and without it our bitcoin might be worthless, maybe for investment purposes we can consider bitcoin than cash but in overall we need cash to spend.
i think he's talking about cash(money that have pyhsical form) and if that so,we can still spend our bitcoin for such thing like buying stuff,bitcoin is not dependent on fiat,bitcoin only showing the value of bitcoin equivalent to fiat when even there's no fiat bitcoin could be exchanged to gold as long there's demand
For now, I cannot conclude yet that bitcoin can be an independent currency because it has not achieve a good adoption rate, the reality will tell that the total number of users of bitcoin is just less than 1% of the total world population and that is not huge for me, we need more adoption.
well it will be depend on us how we will help this project the more we introduce this in our community the more it will value the price and it will attract more and more investors and from that adoption will be created and we'll be able to see good positive future to use this in anyhow we desire just like an ordinary currency.
madwica
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September 23, 2016, 08:40:04 AM
 #1288

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.
So can you spend your bitcoin without a cash? I think not, and no one can because we are too dependent on fiat and without it our bitcoin might be worthless, maybe for investment purposes we can consider bitcoin than cash but in overall we need cash to spend.
i think he's talking about cash(money that have pyhsical form) and if that so,we can still spend our bitcoin for such thing like buying stuff,bitcoin is not dependent on fiat,bitcoin only showing the value of bitcoin equivalent to fiat when even there's no fiat bitcoin could be exchanged to gold as long there's demand
For now, I cannot conclude yet that bitcoin can be an independent currency because it has not achieve a good adoption rate, the reality will tell that the total number of users of bitcoin is just less than 1% of the total world population and that is not huge for me, we need more adoption.
well it will be depend on us how we will help this project the more we introduce this in our community the more it will value the price and it will attract more and more investors and from that adoption will be created and we'll be able to see good positive future to use this in anyhow we desire just like an ordinary currency.
Correct, promoting bitcoin can help to expand its existence and also the value will increase if there are many new users want to invest, and we need to have more cash from now because we need it for our daily use.
goldcoinminer
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September 23, 2016, 08:48:09 AM
 #1289

to me we should only choose bitcoin instead of cash because we can use bitcoin for double purpose, we can use bitcoin for investment as well as for buying selling things like cash.
So can you spend your bitcoin without a cash? I think not, and no one can because we are too dependent on fiat and without it our bitcoin might be worthless, maybe for investment purposes we can consider bitcoin than cash but in overall we need cash to spend.
i think he's talking about cash(money that have pyhsical form) and if that so,we can still spend our bitcoin for such thing like buying stuff,bitcoin is not dependent on fiat,bitcoin only showing the value of bitcoin equivalent to fiat when even there's no fiat bitcoin could be exchanged to gold as long there's demand
For now, I cannot conclude yet that bitcoin can be an independent currency because it has not achieve a good adoption rate, the reality will tell that the total number of users of bitcoin is just less than 1% of the total world population and that is not huge for me, we need more adoption.
well it will be depend on us how we will help this project the more we introduce this in our community the more it will value the price and it will attract more and more investors and from that adoption will be created and we'll be able to see good positive future to use this in anyhow we desire just like an ordinary currency.
Correct, promoting bitcoin can help to expand its existence and also the value will increase if there are many new users want to invest, and we need to have more cash from now because we need it for our daily use.
Bitcoin is the most advance digital currency that is not controlled by a certain company, this is our currency and we have the freedom when we are using this, so it is just right to promote bitcoin anytime, when it grows we also grow.
dmarine
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September 23, 2016, 09:01:38 AM
 #1290

Bitcoin certainly will be the future money, there is potential for it, and that is because the world is also getting more digital, that's perfect for the cryptocurrency itself because it will become more and more used.
Ziskinberg
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September 24, 2016, 07:28:07 AM
 #1291

Bitcoin certainly will be the future money, there is potential for it, and that is because the world is also getting more digital, that's perfect for the cryptocurrency itself because it will become more and more used.
Digital currency will be the future and we are lucky we have already bitcoin who are more popular now, if we will just stick to supporting with bitcoin we will surely share the blessing in the future when it succeeds.

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bamboylee
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September 24, 2016, 03:28:50 PM
 #1292

I think bitcoin and cash are both good and we cannot just choose one because we cannot use our bitcoins without cash and we cannot grow our cash without bitcoin, they are interrelated and they work together to give us convenience and income at the same time.

Quote
we cannot use our bitcoins without cash
This is not completely true. We can spend our bitcoins, but for now, it is very limited.

Quote
we cannot grow our cash without bitcoin
There are tons way more to grow our cash even without bitcoin. There are way more investments that accept cash than bitcoin. Cash is not limited by bitcoin.

Quote
they are interrelated and they work together
Bitcoin and fiat are two independent entities. They are just related on exchanges that exchange fiat to bitcoin and vice versa.
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September 24, 2016, 03:44:36 PM
 #1293

The governments want to get rid of cash, it is predicted that around 2020 we will see a clear, mainstream-announced goal by governments to get rid of cash in the future, so by 2025-2030 cash usage will be minimum.

By then, your question should have an obvious answer.
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September 26, 2016, 12:01:19 AM
 #1294

The governments want to get rid of cash, it is predicted that around 2020 we will see a clear, mainstream-announced goal by governments to get rid of cash in the future, so by 2025-2030 cash usage will be minimum.

By then, your question should have an obvious answer.
Where did you get the information, how the hell would the government would get rid of cash when they are making money from the taxes in every transaction from every businesses and its people in a certain country.

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September 26, 2016, 12:17:19 AM
 #1295

The governments want to get rid of cash, it is predicted that around 2020 we will see a clear, mainstream-announced goal by governments to get rid of cash in the future, so by 2025-2030 cash usage will be minimum.

By then, your question should have an obvious answer.
Where did you get the information, how the hell would the government would get rid of cash when they are making money from the taxes in every transaction from every businesses and its people in a certain country.

Well if he will be right, then we are all fucked up. The tax will now come to bitcoin and we will have a lot of problems regarding that. If people are ready to accept bitcoin as their currency then are we as bitcoin users ready to be taxed? It is now the other way around problem.

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greatr
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September 26, 2016, 01:04:10 AM
 #1296

The governments want to get rid of cash, it is predicted that around 2020 we will see a clear, mainstream-announced goal by governments to get rid of cash in the future, so by 2025-2030 cash usage will be minimum.

By then, your question should have an obvious answer.
Where did you get the information, how the hell would the government would get rid of cash when they are making money from the taxes in every transaction from every businesses and its people in a certain country.

Well if he will be right, then we are all fucked up. The tax will now come to bitcoin and we will have a lot of problems regarding that. If people are ready to accept bitcoin as their currency then are we as bitcoin users ready to be taxed? It is now the other way around problem.
i dont think that bitcoins will be taxed, it is not controlled by anything and i think that it will become big
freedomgo
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September 26, 2016, 08:48:08 AM
 #1297

The governments want to get rid of cash, it is predicted that around 2020 we will see a clear, mainstream-announced goal by governments to get rid of cash in the future, so by 2025-2030 cash usage will be minimum.

By then, your question should have an obvious answer.
Where did you get the information, how the hell would the government would get rid of cash when they are making money from the taxes in every transaction from every businesses and its people in a certain country.

Well if he will be right, then we are all fucked up. The tax will now come to bitcoin and we will have a lot of problems regarding that. If people are ready to accept bitcoin as their currency then are we as bitcoin users ready to be taxed? It is now the other way around problem.
i dont think that bitcoins will be taxed, it is not controlled by anything and i think that it will become big
When the government will regulate it, surely it will be taxed, imagine how big the money the government can make if they will regulate bitcoin. The transaction is very fast and more money are coming in and out on a daily basis and that is 24/7, it will surely make the pocket of the corrupt politician fatter.

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bingec
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September 27, 2016, 02:06:22 AM
 #1298

The governments want to get rid of cash, it is predicted that around 2020 we will see a clear, mainstream-announced goal by governments to get rid of cash in the future, so by 2025-2030 cash usage will be minimum.

By then, your question should have an obvious answer.
Where did you get the information, how the hell would the government would get rid of cash when they are making money from the taxes in every transaction from every businesses and its people in a certain country.

Well if he will be right, then we are all fucked up. The tax will now come to bitcoin and we will have a lot of problems regarding that. If people are ready to accept bitcoin as their currency then are we as bitcoin users ready to be taxed? It is now the other way around problem.
i dont think that bitcoins will be taxed, it is not controlled by anything and i think that it will become big
When the government will regulate it, surely it will be taxed, imagine how big the money the government can make if they will regulate bitcoin. The transaction is very fast and more money are coming in and out on a daily basis and that is 24/7, it will surely make the pocket of the corrupt politician fatter.
 Government is at the early stages of the new development to wait , but whenhe development to a certain extent , have a disruptive effect , the government will startto take policy to suppress him , or he can be said to be the norms
BTC_ISTANBUL
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September 27, 2016, 10:30:29 AM
 #1299

It is easy to keep and I also believe the value will increase more than the USD inflation.By having BTC you do not carry the country risk but only your own risk.
Mastsetad
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September 27, 2016, 10:34:46 AM
 #1300

It is easy to keep and I also believe the value will increase more than the USD inflation.By having BTC you do not carry the country risk but only your own risk.

Beside that, bitcoin is cash for me, because i can use it online for buying things, i can use it for paying bills, i can use it to recharge my mobile, though it is not yet accepted physically around me but i can easily convert my bitcoins to cash just in 1 hour from localbitcoins.
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