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Author Topic: Why have Bitcoin instead of cash?  (Read 246106 times)
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November 14, 2016, 02:33:27 PM
 #1561

for my opinion i prefer btc than cash in btc i can send and received money anonymously and i can grow my money in investing bitcoin. if you invest your money in banks. you can lose it when the bank declared any news about bankruptcy but if you use your money to invest in bitcoin more or less you will have more steady source of income and don't be scared investing in gambling sites they can double your income with steady profit Smiley
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November 14, 2016, 02:37:39 PM
 #1562

Having a cash is a big adavantage than bitcoin some of us will not going to choose bitcoin and it will going to choose cash . Cash has a lot of features than bitcoin we can really use our cash in physical use everyday and you can use your bitcoin in physical way. And you can save it into bank and get some loan instantly and more security done bitcoin wallet.

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November 14, 2016, 04:57:53 PM
 #1563

Ome up side for cash, tho, is that transactions are confirmed instantly, which is crucial for certain cases, like supermarkets, gas stations, and such. We might be able to replace those types of services in the future and by then btc outwins cash 100%

Not really. Transactions are sent instantly, but for confirmations it takes up to 10 minutes(if fee is high enough). If network is overloaded or you payed lower fee than required it could take hours to confirm. So imagine, you refill fuel tank, send for example 0.1 BTC and than you have to wait 1 or 2 confirmation to go away from gas station. Or they allow you to leave with unconfirmed tx, and you double spend coins.
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November 14, 2016, 04:58:38 PM
 #1564

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.

Online Investment wise and online trading wise bitcoin is really best way. Because only hold the cash, useless way, and also if we do investment with our cash, So it will be done only when we know about any investment very well. Otherwise, in bitcoin everyone can do it and You are right saying, Bitcoin is more valuable than cash. Because, If we only hold the bitcoin and not use it in any way, than also bitcoin give us profit.      
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November 15, 2016, 07:06:20 AM
 #1565

Having a cash is a big adavantage than bitcoin some of us will not going to choose bitcoin and it will going to choose cash . Cash has a lot of features than bitcoin we can really use our cash in physical use everyday and you can use your bitcoin in physical way. And you can save it into bank and get some loan instantly and more security done bitcoin wallet.
you're right we can use cash on our everydaylife than btc. in bitcoin it's still not accept on our economy to use in our everyday life that's why we can't use it to buy on a shopping malls. we still need the fiat system. but with the help of bitcoin we can reduce the cutting trees in our earth just to produce paper money.
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November 15, 2016, 09:00:28 AM
 #1566

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.
yes i also think so, to me as the new generation are in favour of online trading they give preference to online shopping therefore in future we can expect that bitcoin will be one of the most popular currency of the world,

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November 15, 2016, 10:31:42 AM
 #1567

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

i agree.. its easy to use bitcoins in terms of investment. less stress of going out to fall in line in bank and deposit your investment. besides it is safe also and its price was not stable, it can be more higher than its value by the other day. unlike on cash, if u have one thousand dollars and keep it vin your wallet, even if a thousand years its value was still one thousand dollars. unlike on bitcoins that is continuously increasing.
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November 15, 2016, 10:42:59 AM
 #1568

Cash still is much more convenient to use in everyday life than Bitcoin. Although I'm a big fan of Bitcoin I can't say otherwise unfortunately. This is especially so if you are somewhere in rural places, they have never even heard about Bitcoin in the first place.

I know this situation will change in the future, but for now it is like it is.

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November 15, 2016, 11:44:41 AM
 #1569

Cash still is much more convenient to use in everyday life than Bitcoin. Although I'm a big fan of Bitcoin I can't say otherwise unfortunately. This is especially so if you are somewhere in rural places, they have never even heard about Bitcoin in the first place.

I know this situation will change in the future, but for now it is like it is.
You are absolutely correct, the price of bitcoin is volatile so it's only good for investment and you cannot put all your money in bitcoin unless you want to risk it all. Use cash for your needs and wants maybe but use bitcoin for your investment because that's how you make money.

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November 15, 2016, 11:47:49 AM
 #1570

Cash still is much more convenient to use in everyday life than Bitcoin.

I don't think so. For me carrying physical cash is not only risky, but also inconvenient. On the other hand, I can make Bitcoin payments from my mobile phone in a matter of few seconds. It is convenient, and risk-free.

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November 15, 2016, 01:47:47 PM
 #1571

Cash still is much more convenient to use in everyday life than Bitcoin.

I don't think so. For me carrying physical cash is not only risky, but also inconvenient. On the other hand, I can make Bitcoin payments from my mobile phone in a matter of few seconds. It is convenient, and risk-free.
It's not risky if you are not carrying a big amount of cash, admit it we re using cash in our real life and in a daily basis. If only bitcoin will be accepted anywhere then I might turn down cash but I have no choice, I need to survive in life and to survive we need cash.
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November 15, 2016, 02:02:23 PM
 #1572

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
I think Bitcoin, besides being a currency, can be a good long term investiment. But in order to be a sucessfull currency, we need more merchants offering goods and services for Bitcoin. At the moment this number is quite limited.

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November 15, 2016, 02:11:15 PM
Last edit: November 15, 2016, 04:07:08 PM by deisik
 #1573

Cash still is much more convenient to use in everyday life than Bitcoin. Although I'm a big fan of Bitcoin I can't say otherwise unfortunately. This is especially so if you are somewhere in rural places, they have never even heard about Bitcoin in the first place.

I know this situation will change in the future, but for now it is like it is.

In general, I agree with what you said. It is almost impossible to spend bitcoins directly in real life, for example, to buy food in a grocery shop. But as I have already said it on numerous occasions, the very idea of spending bitcoins on everyday things is not much encouraging itself, to say the least. On the other hand, payment cards are out of hand more convenient than cash wherever they can be used. I always have a few banknotes in my pocket, along with my bank card, just in case. Wear and tear doesn't seem to affect the card but I have to spend the banknotes regularly since they pretty quick turn into crumpled pieces of paper...

And then here come Bitcoin payment cards

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November 15, 2016, 04:22:15 PM
 #1574

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
I think Bitcoin, besides being a currency, can be a good long term investiment. But in order to be a sucessfull currency, we need more merchants offering goods and services for Bitcoin. At the moment this number is quite limited.
Thats the thing there. Even though bitcoin has a lot of benefits for those using it, as of now the institutions and businesses accepting bitcoin are also few. For now i think its better as youve said, to keep bitcoin as an investment and not for everyday spending

 
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Agraoclya
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November 15, 2016, 06:23:36 PM
 #1575

Bitcoin is more safe you cannot get robbed as a example, you can always have it with you if you have your phone with you.
Another thing is that you can pay with it all over the globe no transfer to fiat.
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November 15, 2016, 06:40:51 PM
 #1576

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
I think Bitcoin, besides being a currency, can be a good long term investiment. But in order to be a sucessfull currency, we need more merchants offering goods and services for Bitcoin. At the moment this number is quite limited.
Thats the thing there. Even though bitcoin has a lot of benefits for those using it, as of now the institutions and businesses accepting bitcoin are also few. For now i think its better as youve said, to keep bitcoin as an investment and not for everyday spending
bitcoin is already an investment but you can still use it as your daily spend because if you don't use it and just hold it you are not helping bitcoin to be popular.. so better to separate your investment and your spending.. honestly for me i use my bitcoin not daily but weekly in many different way buy domains and hosting and and use bitcoin for paying my and funded my advertising every week..
It helps me a lot the other thing i use it in trading.. it gives me good result and more profit.. ..
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November 15, 2016, 07:00:58 PM
 #1577

Fiat is something that has a lot of use, as its required to almost all the things we need, its a satured market. Bitcoin besides huge potencial and freedom is changing the way of gamble, since its being used as main and unic currencie where some people can gamble without worry.
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November 15, 2016, 07:45:23 PM
 #1578

Fiat is something that has a lot of use, as its required to almost all the things we need, its a satured market. Bitcoin besides huge potencial and freedom is changing the way of gamble, since its being used as main and unic currencie where some people can gamble without worry.

Is gambling really important for the long term success of Bitcoin? I'm not going to say that it is totally irrelevant or even detrimental, I just can't understand how it may help Bitcoin given that most people, if not all, are losing in the end, and only a few are winning, I mean, casino owners before all. It is like saying that Las-Vegas casinos help American economy.

This sounds a little bit counterintuitive, to my ears, at least.
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November 15, 2016, 08:57:13 PM
 #1579

Fiat is something that has a lot of use, as its required to almost all the things we need, its a satured market. Bitcoin besides huge potencial and freedom is changing the way of gamble, since its being used as main and unic currencie where some people can gamble without worry.

Is gambling really important for the long term success of Bitcoin? I'm not going to say that it is totally irrelevant or even detrimental, I just can't understand how it may help Bitcoin given that most people, if not all, are losing in the end, and only a few are winning, I mean, casino owners before all. It is like saying that Las-Vegas casinos help American economy.

This sounds a little bit counterintuitive, to my ears, at least.

Well, casinos is Las Vegas can help the economy. When you think in Las Vegas, probably you think in casinos. It's a touristic attraction there. Everybody who goes to that city, goes to casinos. It can boost the country tourism and consequently, the economy.

About the online casinos accepting BTCs, they can help too, because gambling enthusiasts that use only dollars or local currencies will want to start betting online, and trying this new technology, so more people come to the Bitcoin world, start buying BTCs and moving the Crypto Currencies economy. One thing is correlated to another.

 
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November 15, 2016, 11:03:33 PM
 #1580

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
I think Bitcoin, besides being a currency, can be a good long term investiment. But in order to be a sucessfull currency, we need more merchants offering goods and services for Bitcoin. At the moment this number is quite limited.
Thats the thing there. Even though bitcoin has a lot of benefits for those using it, as of now the institutions and businesses accepting bitcoin are also few. For now i think its better as youve said, to keep bitcoin as an investment and not for everyday spending
bitcoin is already an investment but you can still use it as your daily spend because if you don't use it and just hold it you are not helping bitcoin to be popular.. so better to separate your investment and your spending.. honestly for me i use my bitcoin not daily but weekly in many different way buy domains and hosting and and use bitcoin for paying my and funded my advertising every week..
It helps me a lot the other thing i use it in trading.. it gives me good result and more profit.. ..

bitcoin is indeed very bergunauntuk needs that we need and the price is also always changing so bitcoin more easy for us to take advantage, I am also just as you like to buy hosting and domain for the purposes of my business
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