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chixka000
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November 14, 2016, 06:37:13 AM |
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Very good points. I'd like to add:
5) Banks can't steal it from you. You may think they can't steal cash either; that's not true. With central banks printing money by the hundreds of billions, and commercial banks creating money as debt like there's no tomorrow, they're effectively lowering the relative worth of your money in their advantage. Remember: stealing 5% off your deposit, or increasing the total money supply by 5% by creating it out of thin air, has essentially the same effect.
That is basically the main problem of the fiat,yet we don't have choice but to follow. Unlike bitcoin in which you do fully have a control over your money. Aside from that bitcoin is innovative and people should adopt that is something that can improve their life. |
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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delliaerd
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November 14, 2016, 07:03:08 AM |
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Very good points. I'd like to add:
5) Banks can't steal it from you. You may think they can't steal cash either; that's not true. With central banks printing money by the hundreds of billions, and commercial banks creating money as debt like there's no tomorrow, they're effectively lowering the relative worth of your money in their advantage. Remember: stealing 5% off your deposit, or increasing the total money supply by 5% by creating it out of thin air, has essentially the same effect.
That is basically the main problem of the fiat,yet we don't have choice but to follow. Unlike bitcoin in which you do fully have a control over your money. Aside from that bitcoin is innovative and people should adopt that is something that can improve their life. By the way, bitcoin is modern technology that was help people in buy or sell something. Fiat was printed into several nominal, for example $1,$2,$5,$10,$20,$50,$100 . So if we buy something that the price is $7 then we give $10 , the seller have to give us $1 &$2 of change money. It is not practicaly. If we use bitcoin we can send money in specific amount, this is one bitcoin advantage. Bitcoin is really apropriated to be a currency. |
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Chizuo
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Activity: 33
Merit: 0
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November 14, 2016, 07:11:37 AM |
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For my opinion,this day,bitcoin is become more valuable.The one reason why is become valuable is because the price ia high.Year by year Bitcoin price increase little by little.Not suprise if many of people especially investor interested in bitcoin.
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chixka000
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November 14, 2016, 07:23:37 AM |
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Very good points. I'd like to add:
5) Banks can't steal it from you. You may think they can't steal cash either; that's not true. With central banks printing money by the hundreds of billions, and commercial banks creating money as debt like there's no tomorrow, they're effectively lowering the relative worth of your money in their advantage. Remember: stealing 5% off your deposit, or increasing the total money supply by 5% by creating it out of thin air, has essentially the same effect.
That is basically the main problem of the fiat,yet we don't have choice but to follow. Unlike bitcoin in which you do fully have a control over your money. Aside from that bitcoin is innovative and people should adopt that is something that can improve their life. By the way, bitcoin is modern technology that was help people in buy or sell something. Fiat was printed into several nominal, for example $1,$2,$5,$10,$20,$50,$100 . So if we buy something that the price is $7 then we give $10 , the seller have to give us $1 &$2 of change money. It is not practicaly. If we use bitcoin we can send money in specific amount, this is one bitcoin advantage. Bitcoin is really apropriated to be a currency. Basically, it is not just about buying and selling but the word that best describe it is the word ease of transaction. I know some outsourcing business minded person whose currently doing this to prevent to much taxes. |
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Polisi Ndeso
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November 14, 2016, 08:06:27 AM |
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Because there are still many transactions that have not been able to accept bitcoin. In real life there are still many who do not even know about the bitcoin, huge task for us to introduce bitcoin.
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LilibethSantos
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November 14, 2016, 08:28:00 AM |
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Bitcoin is easier to hide than cash. If you cross international borders with a suitcase full of cash then you will be questioned, maybe even detained.
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jonahmarieaton101
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Activity: 112
Merit: 10
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November 14, 2016, 10:58:19 AM |
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Bitcoin is easier to hide than cash. If you cross international borders with a suitcase full of cash then you will be questioned, maybe even detained.
Yes maybe this are some ways why i should prefer in bitcoin rather in cash. Nowadays, modern technology is already part of our lifestyle, then bitcoin is already part of the users life. In fact bitcoin is the best way in terms of transactions. |
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danherbias07
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Leading Crypto Sports Betting & Casino Platform
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November 14, 2016, 11:04:14 AM |
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Bitcoin is easier to hide than cash. If you cross international borders with a suitcase full of cash then you will be questioned, maybe even detained.
Whoa! Cool idea and you gave an option for those who want to do illegal transaction.  Seriously that is right. You just need a phone and an internet to do some transaction now and it is easy to create an account to some online website wallet and make a trade p2p. The two parties would just need an agreement to do it the bitcoin way. |
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senyorito123
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November 14, 2016, 11:17:54 AM |
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Bitcoin is easier to hide than cash. If you cross international borders with a suitcase full of cash then you will be questioned, maybe even detained.
Yeah i would rather agree, but i cannot trust some bitcoin wallets since it was prone to many attacks and surely we would lose all we got if we are been hit by those hackers or phisers thats why rarely stock in my wallet and put only when i need something to buy nor transact with, and even real cash will be controlled but you should remember also that theres a money transfer and i think that is more convenient for us rather than finding some bitcoin encasher center. |
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Japinat
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November 14, 2016, 11:53:33 AM |
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Bitcoin is easier to hide than cash. If you cross international borders with a suitcase full of cash then you will be questioned, maybe even detained.
Yeah i would rather agree, but i cannot trust some bitcoin wallets since it was prone to many attacks and surely we would lose all we got if we are been hit by those hackers or phisers thats why rarely stock in my wallet and put only when i need something to buy nor transact with, and even real cash will be controlled but you should remember also that theres a money transfer and i think that is more convenient for us rather than finding some bitcoin encasher center. Well, there's no option mate but to trust. If your problem only is the vulnerability of hacking you can always update your wallet like 2FA to have it more secure, and in addition you can put your bitcoins in different wallets so you can minimize the risk of losing. It is just very simple, there's no need to worry as everything has a solution. |
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stark101
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Activity: 42
Merit: 0
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November 14, 2016, 12:31:45 PM |
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Bitcoin is safer, faster and easier to use "once you get used to it" than cash, I think it will become the new standard of money in the future, electronical money in general is competing seriously with paper money.
Yes that's true. Since we are facing modern technology, it is better to have bitcoin rather in cash. Bitcoin is really the application in terms of transactions. Also your right dude that this is the new modern money in the present and even in the future. |
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m4xp0w3r7
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November 14, 2016, 12:39:54 PM |
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Bitcoin is an investment and you can earn money with bitcoin, which you can't do with just cash.
Bitcoin can be use to pay bills or goods online, so it's more convenient
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madwica
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November 14, 2016, 01:19:42 PM |
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I prefer to have bitcoin investment than cash investment because i know and i see the value of bitcoin will brings a lot of profit to the investor. But for daily basis i need cash to spend for my daily needs.
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CyberKuro
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November 14, 2016, 01:23:24 PM |
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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 The real part is actually cash is much easier, mainly because we can get daily needs items with cash only. Yes once shops and stores start accepting bitcoins as a payment method even for small items, I am sure there is no worries about cash and hence less robberies. Bitcoin is better than cash in some way it is, the value of bitcoin is higher than paper money, you can send it to any one, anywhere as easy sending an email without restriction and high fees. yes, we need both of it for now as bitcoin not accepted in every country and merchants, but if bitcoin already become mainstream in global transaction, how about paper money? I prefer to have a lot of bitcoin at that time, good long term investment. |
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Capradina
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November 14, 2016, 01:25:25 PM |
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I prefer to have bitcoin investment than cash investment because i know and i see the value of bitcoin will brings a lot of profit to the investor. But for daily basis i need cash to spend for my daily needs.
It is indeed true, that it is absolutely the most fun is investing in the bitcoin. Investments made in the bitcoin is suffice it's easy and everyone will surely can benefit in the bitcoin if can play well and also has considerable patience. The investment is to buy as much as possible while bitcoin low price and save it, then sell when the price of the bitcoin is very high |
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Kotone
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November 14, 2016, 01:30:57 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. When we are going to choose bitcoin instead of cash we can't really use bitcoin in our daily expenses in life and bitcoin is just for investment only and trading into another currencies. It's not hard to choose when we are talking money thats why we are talking both and choosing both |
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chixka000
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November 14, 2016, 01:34:53 PM |
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Bitcoin is an investment and you can earn money with bitcoin, which you can't do with just cash.
Bitcoin can be use to pay bills or goods online, so it's more convenient
Money is an ivestment as well? Ans you could also earn bitcoin from money? Are serious mate? Cash was in the first place are probably going to use when we do pay our bills and online needs. I guess thats the only thing that you have said correctly that unlike cash bitcoin much way more convenient |
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Sled
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November 14, 2016, 02:18:12 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. When we are going to choose bitcoin instead of cash we can't really use bitcoin in our daily expenses in life and bitcoin is just for investment only and trading into another currencies. It's not hard to choose when we are talking money thats why we are talking both and choosing both I agree with you, Don't just choose one but choose them both because they both have their own advantage and you can't just choose money over bitcoin or vice versa, It is best to choose both because if you have money and you have bitcoin as a investment then you are good to go and you don't need to worry about paying daily expenses because you have both and you don't need to worry about long term profits since you also have bitcoin  . |
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cryptothinker
Member
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Activity: 65
Merit: 10
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November 14, 2016, 02:26:47 PM |
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Good points, but besides all these features, it's not advisable to have all your money in bitcoins. It may be wise to have a good portion of it invested in bitcoins, but to protect yourself against volatility, it's also important to have fiat savings.
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Mastsetad
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November 14, 2016, 02:28:28 PM |
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Bitcoin is an investment and you can earn money with bitcoin, which you can't do with just cash.
Bitcoin can be use to pay bills or goods online, so it's more convenient
Basically the thing is that if you have cash it is just normal, but if you have bitcoins it is just like an investment because the amount of money held in bitcoins keep growing with the time while the money you have as cash remains the same even after years. |
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