chineseprancing
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November 06, 2016, 12:25:17 PM |
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I have bitcoin because i like to invest money for the future of my family, but i always have cash for daily used and savings to my bank account.
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No Gods or Kings. Only Bitcoin
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Qartersa
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November 06, 2016, 03:11:56 PM |
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I have bitcoin because i like to invest money for the future of my family, but i always have cash for daily used and savings to my bank account.
Just know when Bitcoin will be at its lowest and sell it at its highest. I am sure you will save enough for you family. If you do get some earnings, don't forget to treat your family to a nice dinner. It's always about enjoying some of your earnings! Good luck to you and your family bro!
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markisanon2434
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Dapps will be the game changer
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November 06, 2016, 03:20:12 PM |
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Bitcoin can be used to store your wealth. Inflation eats into your cash holdings and bitcoin is deflationary in nature. Also Bitcoin can be used to make transaction to people anywhere in the world and the speed of the transactions and the fee charged is a good deal when compared to that of fiat cash.
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kryptqnick
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Join the world-leading crypto sportsbook NOW!
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November 06, 2016, 03:42:22 PM |
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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.
There are some places in the world where you can buy tacos using Bitcoin? That's amazing! As for your list, well, I agree with 1,2 and would also ad that it is easy to earn it. Fast transactions? A lot of people say they are actually slow if we talk about situations where there are many people in the queue, for example. And Bitcoin is not legal in most of the countries. I think it is rather out of the law.
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Japinat
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November 07, 2016, 04:46:21 AM |
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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.
There are some places in the world where you can buy tacos using Bitcoin? That's amazing! As for your list, well, I agree with 1,2 and would also ad that it is easy to earn it. Fast transactions? A lot of people say they are actually slow if we talk about situations where there are many people in the queue, for example. And Bitcoin is not legal in most of the countries. I think it is rather out of the law. I do not eat tacos all the time so bitcoin is more on investment to me due to it's limited function online. When you spend it you cannot spend it all on your needs in your daily life, you still need cash to take it of it so I would choose both.
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Barbut
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November 07, 2016, 05:02:48 AM |
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Simply cause dollar before 6 years ( or any other currency ) lost value. Value of the fiat currencies are generally dropping, it's inflation, 10 $ 50 years ago and 10 $ now are huge difference. With bitcoin everything is different, 1 btc worth much more now. That is why we need to have bitcoins, over the time they will worth more, with fiat we can just lose money in long run.
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goldcoinminer
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November 07, 2016, 07:17:55 AM |
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Simply cause dollar before 6 years ( or any other currency ) lost value. Value of the fiat currencies are generally dropping, it's inflation, 10 $ 50 years ago and 10 $ now are huge difference. With bitcoin everything is different, 1 btc worth much more now. That is why we need to have bitcoins, over the time they will worth more, with fiat we can just lose money in long run.
You just say that because bitcoin for now is profitable, and if you will compare dollars and bitcoin there is really a big difference and you will get the benefits in bitcoin if you are an investor but if you just spend your money you are getting more benefits in cash.
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FinanceUS
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November 07, 2016, 07:49:44 AM |
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Simply cause dollar before 6 years ( or any other currency ) lost value. Value of the fiat currencies are generally dropping, it's inflation, 10 $ 50 years ago and 10 $ now are huge difference. With bitcoin everything is different, 1 btc worth much more now. That is why we need to have bitcoins, over the time they will worth more, with fiat we can just lose money in long run.
You just say that because bitcoin for now is profitable, and if you will compare dollars and bitcoin there is really a big difference and you will get the benefits in bitcoin if you are an investor but if you just spend your money you are getting more benefits in cash. Yes but Bitcoin is more than just for "spending your money". You can also use Bitcoin as a store of value against inflation. And I guess more than 50% Bitcoin owners do not spend them, they are just holding.
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icecube45
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November 07, 2016, 07:56:27 AM |
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I agree on your point to 2 and 3. You're right bitcoin has great potential for investment because bitcoin value continues to increase. And cross-border transactions quickly with bitcoin, it will facilitate us to send money between countries. But the matter of point 1 is about security I disagree. Because I think security is still not good bitcoin, bitcoin does not guarantee the security of the user's money. So we still must be alert in our to save bitcoin wallet.
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maxhor
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November 07, 2016, 08:03:18 AM |
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Portability of btc is way better than cash
Bitcoin is more better in all aspects very improved security have freedom and without 3rd party, cash is getting old day by day very soon it will get replaced with digital money, bitcoin will be become the most loved currency.
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Bitonly88
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November 07, 2016, 11:06:08 AM |
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Portability of btc is way better than cash
Bitcoin is more better in all aspects very improved security have freedom and without 3rd party, cash is getting old day by day very soon it will get replaced with digital money, bitcoin will be become the most loved currency. Bitcoin is unlikely to be able to displace the central currency in the coming years. Despite the fact that it is loved by many people, the government will not allow it. Bitcoin I like the fact that it is not subject to inflation
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Kotone
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November 07, 2016, 11:29:27 AM |
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Having bitcoin instead of cash is just nice because you can make some nice amounts with it and its also that you can use it globally. Another fact is that you can make profit with just holding it too!
It's really nice having both of them how can you make some cash when you don't have bitcoin yeah? of me it is really good when you have this two you can make or buy you want from internet and buy some foods physically i want to have this both when you are going to travel too yes bitcoin you make profit by holding it.
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freedomgo
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November 07, 2016, 01:02:50 PM |
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Having bitcoin instead of cash is just nice because you can make some nice amounts with it and its also that you can use it globally. Another fact is that you can make profit with just holding it too!
It's really nice having both of them how can you make some cash when you don't have bitcoin yeah? of me it is really good when you have this two you can make or buy you want from internet and buy some foods physically i want to have this both when you are going to travel too yes bitcoin you make profit by holding it. Exactly, you have your cash in your daily expenses and you have your bitcoins as your investment. It's hard to choose only one, you need both to have a more easier life in terms of transaction, cash has been here for so long and bitcoin is new but they are both valuable for me.
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dhampir-D
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November 10, 2016, 02:36:08 PM |
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Having bitcoin instead of cash is just nice because you can make some nice amounts with it and its also that you can use it globally. Another fact is that you can make profit with just holding it too!
That's nice, the possibility of having a currency, which has the potential to provide profits, since as people recognize the importance and efficiency of this payment system, it's possible to notice the currency appreciation, as consequence of it. And in addition to what the OP has already said, I have to add one of the most important factors, which is the decentralization of the network.
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marcuslong
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November 10, 2016, 03:15:22 PM |
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i will say , you should explain him with simple technical thoughts . you should tell him that it is like a fiat money but it is out of control of anyone , so it is useful for making unlimited amount payment with tax and high transaction charge .
There some good thoughts regarding on bitcoin in the future it can be electronized all that we can really use bitcoin as payment method and we don't really need to convert it into fiat money to use and we can control our bitcoin with full information when we are going to use it making some payment and other taxes.
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bitdumper
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One world One currency, Bitcoin.
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November 10, 2016, 03:51:48 PM |
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i like using bitcoin much insted of cash there are plenty of reasons some of them everyone know like milletry grade security and privacy but i like the most is its transparent network , anyone can see anyone's balance or anyone can sew fron where a user recived or sent their bitcoin which are not evwn possible in banks
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Mastsetad
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November 10, 2016, 04:11:02 PM |
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i like using bitcoin much insted of cash there are plenty of reasons some of them everyone know like milletry grade security and privacy but i like the most is its transparent network , anyone can see anyone's balance or anyone can sew fron where a user recived or sent their bitcoin which are not evwn possible in banks
One best part of bitcoin is also that it cannot be robbed by cash, we all know how the world is these days, if a thief comes to know you have a good amount of cash in your wallet he would probably do something to get you broke but if you have bitcoins you will be free from this thing which should be considered an advantage of it, the only thing is that it is not accepted everywhere yet.
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Babayega31
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November 10, 2016, 04:22:32 PM |
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i like using bitcoin much insted of cash there are plenty of reasons some of them everyone know like milletry grade security and privacy but i like the most is its transparent network , anyone can see anyone's balance or anyone can sew fron where a user recived or sent their bitcoin which are not evwn possible in banks
One best part of bitcoin is also that it cannot be robbed by cash, we all know how the world is these days, if a thief comes to know you have a good amount of cash in your wallet he would probably do something to get you broke but if you have bitcoins you will be free from this thing which should be considered an advantage of it, the only thing is that it is not accepted everywhere yet. Important reason why i will have bitcoin instead of cash because of the safety reasons that its not risky if i will store it to my online wallet instead of withdrawing it from my bank and put it all the cash in my pocket which is at risk of robbers. With regards to its safety reason its so convenient to cash out rather than card atm of a bank all you have is to withdraw it without a card and must have the transaction details of your wallet then you can withdraw using cardless atm machine transaction number and its code for withdrawal. I am glad that there's bitcoin that can make life easier and safe handling of amount of money.
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GregH37
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November 10, 2016, 04:43:59 PM |
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One best part of bitcoin is also that it cannot be robbed by cash, we all know how the world is these days, if a thief comes to know you have a good amount of cash in your wallet he would probably do something to get you broke but if you have bitcoins you will be free from this thing which should be considered an advantage of it, the only thing is that it is not accepted everywhere yet.
Yes I agree that bitcoin is completely hidden and will not be visible to a common man and especially to robbers/thief. Bitcoins must be a right solution to save large amount of wealth. I believe, people in future will switch over to bitcoin instead of saving gold. That may be the reason we are calling it digital gold.
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Qartersa
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November 10, 2016, 06:26:20 PM |
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i like using bitcoin much insted of cash there are plenty of reasons some of them everyone know like milletry grade security and privacy but i like the most is its transparent network , anyone can see anyone's balance or anyone can sew fron where a user recived or sent their bitcoin which are not evwn possible in banks
Personally, I don't like the public seeing the complete balance on my wallet. Also, the feature of knowing where coins go and who receives them totally gives off who you really are. These can result in giving away your identity especially when cashing out bitcoins.
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