Why have Bitcoin instead of cash?

[freedomgo]

Bitcoins is just an alternative way of paying, but that doesnt mean that we will forget the physical money!come on!yes, bitcoins was also money, but lets face it, not all business establishment are accepting bitcoins. Cash is more needed than bitcoins because you can buy anything with cash. But i think its better to have them both!bitcoins for online transaction and cash for establishment.

It is probably not the time when we should just have bitcoins but no cash at all because right now bitcoin is not that much established that we could use bitcoin everywhere like cash, so probably we need cash for daily needs and bitcoins to be kept for future.

It's too risky to put all our money in bitcoin, you are right we are still living daily and daily we need cash to end our day surviving, bitcoin has not even hit a good adoption rate so it's not advisable to rely on it. It's good as investment for now and we just have to watch it grow first.

Bitcoin is like gold. Not very useful in everyday life, apart from jewelry, but still a promising store of value. It seems that it will be used mostly along this line in the near future, as it is now. I can't imagine it being used as anything other than a store of value and a speculative asset even if it can be used with the same ease as cash or plastic money.

Cash is here to stay too for now.

Yeah, it's the future of Digital currency and it's an internet money and we consider it as gold since the value in appreciate unlike fiat which depreciate.

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[Gotumoot]

Bitcoins is just an alternative way of paying, but that doesnt mean that we will forget the physical money!come on!yes, bitcoins was also money, but lets face it, not all business establishment are accepting bitcoins. Cash is more needed than bitcoins because you can buy anything with cash. But i think its better to have them both!bitcoins for online transaction and cash for establishment.

It is probably not the time when we should just have bitcoins but no cash at all because right now bitcoin is not that much established that we could use bitcoin everywhere like cash, so probably we need cash for daily needs and bitcoins to be kept for future.

It's too risky to put all our money in bitcoin, you are right we are still living daily and daily we need cash to end our day surviving, bitcoin has not even hit a good adoption rate so it's not advisable to rely on it. It's good as investment for now and we just have to watch it grow first.

Bitcoin is like gold. Not very useful in everyday life, apart from jewelry, but still a promising store of value. It seems that it will be used mostly along this line in the near future, as it is now. I can't imagine it being used as anything other than a store of value and a speculative asset even if it can be used with the same ease as cash or plastic money.

Cash is here to stay too for now.

Yeah, it's the future of Digital currency and it's an internet money and we consider it as gold since the value in appreciate unlike fiat which depreciate.

That is right. The bitcoin is the internet money, so you can use it to buy things in the internet and internationally.

[Positid]

Bitcoins is just an alternative way of paying, but that doesnt mean that we will forget the physical money!come on!yes, bitcoins was also money, but lets face it, not all business establishment are accepting bitcoins. Cash is more needed than bitcoins because you can buy anything with cash. But i think its better to have them both!bitcoins for online transaction and cash for establishment.

It is probably not the time when we should just have bitcoins but no cash at all because right now bitcoin is not that much established that we could use bitcoin everywhere like cash, so probably we need cash for daily needs and bitcoins to be kept for future.

It's too risky to put all our money in bitcoin, you are right we are still living daily and daily we need cash to end our day surviving, bitcoin has not even hit a good adoption rate so it's not advisable to rely on it. It's good as investment for now and we just have to watch it grow first.

Bitcoin is like gold. Not very useful in everyday life, apart from jewelry, but still a promising store of value. It seems that it will be used mostly along this line in the near future, as it is now. I can't imagine it being used as anything other than a store of value and a speculative asset even if it can be used with the same ease as cash or plastic money.

Cash is here to stay too for now.

Yeah, it's the future of Digital currency and it's an internet money and we consider it as gold since the value in appreciate unlike fiat which depreciate.

That is right. The bitcoin is the internet money, so you can use it to buy things in the internet and internationally.

That's basically the concept of bitcoin but as of the current we cannot see big merchants who are accepting bitcoin though it's growing in terms of adoption but we need the support of big merchants or businesses to achieve a massive adoption and we can ensure success with bitcoin.

[groll]

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.

i totally agree with # 1, 3 and 4. especially 3 and 4. it is the best way to transfer money between countries , and in long distances. especially since it is so much faster than any other way and also you should pay the lowest fees in order to do it.

but if you are looking for reasons on "why choose bitcoin over cash" number 2 is not a very good argument.
because while bitcoin has potential of going up in value (as we can see right now in the market), it is also very volatile which means it can go down the same way it went up. and this IMO makes it not a suitable substitute for cash.

Youre right.bitcoin has potential to increase it price nut it also has the potential to goes down, we cannot control the price of bitcoins. I think its better to hAve both bitcoins and cash. Bitcoin transaction was fast and secure but you cant use it without internet connection, unlike on cash, you can you it anywhere and anytime. Cash ate risky to bring because it was really hot in the eyes of bad people while bitcoins cannot be stole physically.

[ultrloa]

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.

i totally agree with # 1, 3 and 4. especially 3 and 4. it is the best way to transfer money between countries , and in long distances. especially since it is so much faster than any other way and also you should pay the lowest fees in order to do it.

but if you are looking for reasons on "why choose bitcoin over cash" number 2 is not a very good argument.
because while bitcoin has potential of going up in value (as we can see right now in the market), it is also very volatile which means it can go down the same way it went up. and this IMO makes it not a suitable substitute for cash.

Youre right.bitcoin has potential to increase it price nut it also has the potential to goes down, we cannot control the price of bitcoins. I think its better to hAve both bitcoins and cash. Bitcoin transaction was fast and secure but you cant use it without internet connection, unlike on cash, you can you it anywhere and anytime. Cash ate risky to bring because it was really hot in the eyes of bad people while bitcoins cannot be stole physically.

I haved bot and i believe all of us have it, but for me bitcoin well be the goodest currency for me at this moment since we can earn money from it flactuation but we cannot trust its stability since anytime around bitcoin will suddenly go down and yet many people will sell their coins if they see little downfall for the price of the bitcoin.

[RogerRabbit]

Time passed and BTC has proven to be really one of the most secured and valuable currency. Very proud to be a part of it since the very beginning.

[Carmen_Sandiego]

Anyone from India now would be scared of cash due to demonetization and now everyone has understood how important virtual currency is. Now those who don't own debit cards also would realize its value and it would be the right time for our Government to adopt blockchain technology when so many people today are suffering due to cash. Bitcoins, unfortunately, are not adopted by our general stores but hopefully they use it for ease of cashless transactions.

And that's just the beginning... The interesting thing is that at the moment, the world's most populous countries, India and China, are helping to increase the number of Bitcoin users, and the growing demand must have a significant impact on the price.

[Shenzou]

Cash is easy to steal weather from your pocket or your bank account but bitcoin on the other hand has no potential way of being stolen,has more value easy to use and wallets don't charge you anything when sending or receiving bitcoin unlike the regular bank accounts that force you to pay a portion of your hard earned money

[FxR]

Cash is easy to steal weather from your pocket or your bank account but bitcoin on the other hand has no potential way of being stolen,has more value easy to use and wallets don't charge you anything when sending or receiving bitcoin unlike the regular bank accounts that force you to pay a portion of your hard earned money

I have to disagree. It's actually easier to steal Bitcoins than physical cash as stealing Bitcoins won't leave any traces at all.
Disclaimer: I don't approve of stealing anything !

[AdolfinWolf]

Anyone from India now would be scared of cash due to demonetization and now everyone has understood how important virtual currency is. Now those who don't own debit cards also would realize its value and it would be the right time for our Government to adopt blockchain technology when so many people today are suffering due to cash. Bitcoins, unfortunately, are not adopted by our general stores but hopefully they use it for ease of cashless transactions.

And that's just the beginning... The interesting thing is that at the moment, the world's most populous countries, India and China, are helping to increase the number of Bitcoin users, and the growing demand must have a significant impact on the price.

Are you sure? I thought that there was extreme poverty in india, how do these people manage to get PC's and internet. It amazes me how rapid these things go in 3rd world countries, and how slow these things are going in Europe/America. You almost start to believe something is stopping bitcoin from growing?  It's the government demonising bitcoin

[hurain]

Why I have bitcoin instead of cash is because its easier and also more trust able if you ask me.
Plus you cannot also not lose it and its everywhere accessible.

Bitcoin is not yet that fully trustable and for me i'm going to choose cash instead of bitcoin since im earning my cash from bitcoin i have trust on bitcoin also im always trading bitcoin into fiat money it's really easy to exchange when we need money and if you lose money from  bank you can trace it not like bitcoin.

So what will happen to your earning if there's no bitcoin, I guess you will not be able to earn anymore. They have different purpose and actually there's no sense of choosing because we needed them both, bitcoin gives income and cash is we use to spend.

Bitcoins is just an alternative way of paying, but that doesnt mean that we will forget the physical money!come on!yes, bitcoins was also money, but lets face it, not all business establishment are accepting bitcoins. Cash is more needed than bitcoins because you can buy anything with cash. But i think its better to have them both!bitcoins for online transaction and cash for establishment.

As of now, most of the stores are still not accepting bitcoins for they don't even have an idea of what bitcoin really is. But I do believe that in the future we will use bitcoins as primary currency or if not then another digital currency that is being regulated and governed by an agency of an international or local government.

unfortunately bitcoin is still not using for its mean purpose and the reason is the the facilities of bitcoin to use it is not available every where, as in my area there may be one or two shops who know about bitcoin and may let people do shopping in bitcoin, i think still people need some knowledge about bitcoin so as that they can know about bitcoin in detail and can get benefit from it.

[freedomgo]

Why I have bitcoin instead of cash is because its easier and also more trust able if you ask me.
Plus you cannot also not lose it and its everywhere accessible.

Bitcoin is not yet that fully trustable and for me i'm going to choose cash instead of bitcoin since im earning my cash from bitcoin i have trust on bitcoin also im always trading bitcoin into fiat money it's really easy to exchange when we need money and if you lose money from  bank you can trace it not like bitcoin.

So what will happen to your earning if there's no bitcoin, I guess you will not be able to earn anymore. They have different purpose and actually there's no sense of choosing because we needed them both, bitcoin gives income and cash is we use to spend.

Bitcoins is just an alternative way of paying, but that doesnt mean that we will forget the physical money!come on!yes, bitcoins was also money, but lets face it, not all business establishment are accepting bitcoins. Cash is more needed than bitcoins because you can buy anything with cash. But i think its better to have them both!bitcoins for online transaction and cash for establishment.

As of now, most of the stores are still not accepting bitcoins for they don't even have an idea of what bitcoin really is. But I do believe that in the future we will use bitcoins as primary currency or if not then another digital currency that is being regulated and governed by an agency of an international or local government.

unfortunately bitcoin is still not using for its mean purpose and the reason is the the facilities of bitcoin to use it is not available every where, as in my area there may be one or two shops who know about bitcoin and may let people do shopping in bitcoin, i think still people need some knowledge about bitcoin so as that they can know about bitcoin in detail and can get benefit from it.

It's normal, we can't expect fast implementation of businesses as they are still hesitant with bitcoin as we are new.

[salmanahmedone]

Cash is easy to steal weather from your pocket or your bank account but bitcoin on the other hand has no potential way of being stolen,has more value easy to use and wallets don't charge you anything when sending or receiving bitcoin unlike the regular bank accounts that force you to pay a portion of your hard earned money

I agree with this thing, but one thing is bitcoin  can be stolen by those greedy people and very oriented on stealing using internet . Any thing can be easily stealable through Internet.

[ardentvolcanoes]

Cash is easy to steal weather from your pocket or your bank account but bitcoin on the other hand has no potential way of being stolen,has more value easy to use and wallets don't charge you anything when sending or receiving bitcoin unlike the regular bank accounts that force you to pay a portion of your hard earned money

I agree with this thing, but one thing is bitcoin  can be stolen by those greedy people and very oriented on stealing using internet . Any thing can be easily stealable through Internet.

if your account/wallet doesn't have a maximum security and you tend to open an unknown website and installing some software to your mobile or pc then you are more likely to get hacked. most of the hackers are using phishing or even Keylogger in order to get your account information especially your log in ID and password. and that's why there is a so called 2FA.

[Positid]

Cash is easy to steal weather from your pocket or your bank account but bitcoin on the other hand has no potential way of being stolen,has more value easy to use and wallets don't charge you anything when sending or receiving bitcoin unlike the regular bank accounts that force you to pay a portion of your hard earned money

I agree with this thing, but one thing is bitcoin  can be stolen by those greedy people and very oriented on stealing using internet . Any thing can be easily stealable through Internet.

if your account/wallet doesn't have a maximum security and you tend to open an unknown website and installing some software to your mobile or pc then you are more likely to get hacked. most of the hackers are using phishing or even Keylogger in order to get your account information especially your log in ID and password. and that's why there is a so called 2FA.

It's necessary and not only advance users are using 2FA as it's our responsibility to protect our investment, we need to keep ourselves abreast with the latest security information so we can update our wallet as well with the greatest security to avoid losing our money.

[BitcoinPC]

Cash is easy to steal weather from your pocket or your bank account but bitcoin on the other hand has no potential way of being stolen,has more value easy to use and wallets don't charge you anything when sending or receiving bitcoin unlike the regular bank accounts that force you to pay a portion of your hard earned money

I agree with this thing, but one thing is bitcoin  can be stolen by those greedy people and very oriented on stealing using internet . Any thing can be easily stealable through Internet.

if your account/wallet doesn't have a maximum security and you tend to open an unknown website and installing some software to your mobile or pc then you are more likely to get hacked. most of the hackers are using phishing or even Keylogger in order to get your account information especially your log in ID and password. and that's why there is a so called 2FA.

It's necessary and not only advance users are using 2FA as it's our responsibility to protect our investment, we need to keep ourselves abreast with the latest security information so we can update our wallet as well with the greatest security to avoid losing our money.

Absolutely right, because we are not kids and also we are doing our investment and well know which sites are risky and like a scam, so it is our first responsibility to protect our investment and than think for others. I want to say, if we avoid that scam type sites than automatically these sites can't work and also scammer know that people are greedy so that's why they are offering high profit, and also we trust on them and get lose. If in the start, we are becareful than may be no one can scam us easily.

[sobsitesearch]

For now i see the advamtages of bitcoin investment than cash we need to take it to earn lots of money because bitcoin value is very strong it can helps.us to get rich if we put big investment in bitcoin.

[FxR]

For now i see the advamtages of bitcoin investment than cash we need to take it to earn lots of money because bitcoin value is very strong it can helps.us to get rich if we put big investment in bitcoin.

Yeah, but be careful as well. Bitcoin can devaluate very quickly. And while some say this can happen with cash as well, the chances are much lower. Just be careful before you invest everything in Bitcoin. Only invest that which you can miss (like with gambling).

[tee-rex]

For now i see the advamtages of bitcoin investment than cash we need to take it to earn lots of money because bitcoin value is very strong it can helps.us to get rich if we put big investment in bitcoin.

Yeah, but be careful as well. Bitcoin can devaluate very quickly. And while some say this can happen with cash as well, the chances are much lower. Just be careful before you invest everything in Bitcoin. Only invest that which you can miss (like with gambling).

Let's be honest, Bitcoin can not just devalue but can crash almost instantly, in a matter of weeks if not days. Regarding cash, it all depends what currency this cash belongs to. If you mean dollars, then yes, it is very unlikely that the dollar is going to crash any time soon. Other currencies may not be as solid, especially if we are talking about developing countries whose governments are famous for the propensity of devaluing their national currencies on a regular basis.

[salmanahmedone]

Cash is easy to steal weather from your pocket or your bank account but bitcoin on the other hand has no potential way of being stolen,has more value easy to use and wallets don't charge you anything when sending or receiving bitcoin unlike the regular bank accounts that force you to pay a portion of your hard earned money

I agree with this thing, but one thing is bitcoin  can be stolen by those greedy people and very oriented on stealing using internet . Any thing can be easily stealable through Internet.

if your account/wallet doesn't have a maximum security and you tend to open an unknown website and installing some software to your mobile or pc then you are more likely to get hacked. most of the hackers are using phishing or even Keylogger in order to get your account information especially your log in ID and password. and that's why there is a so called 2FA.

It's necessary and not only advance users are using 2FA as it's our responsibility to protect our investment, we need to keep ourselves abreast with the latest security information so we can update our wallet as well with the greatest security to avoid losing our money.

hacking the account but as far as I know it would be difficult to do that, unlike cash, easily stolen by the people around you. Using Bitcoin can make you feel safe and easy transaction between you and your receiver.