Why have Bitcoin instead of cash?

[FaucetRank.com]

The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.

[Rahar02]

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.

What I like of bitcoin is the huge potential in the future, just like you said, the value worth more as time goes on.
We need cash for daily spending of course since it is an official currency for payment but government could take it from your bank accounts in case of something happens but they can't do that if you invest your money into bitcoin, nobody knows but you as long as you know how to keep it secure.

[romero121]

The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.

Yeah, bitcoin can be transacted within any two corner of the world with a much reduced transaction fee. As mentioned cash doesn't need any confirmation, but it has very limited access compared to bitcoin. With bitcoin you can grow your money which is not possible with regular cash.

[tee-rex]

The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.

Yeah, bitcoin can be transacted within any two corner of the world with a much reduced transaction fee. As mentioned cash doesn't need any confirmation, but it has very limited access compared to bitcoin. With bitcoin you can grow your money which is not possible with regular cash.

In my view, we can't even compare cash with Bitcoin in this regard. It doesn't just have limited access, it doesn't have any access unless you get it from hand to hand or from where someone has left it for you. On the flipside though, cash is unique because it doesn't need a payment system at all if you want to transact with it directly.

[Bitcoinsummoner]

The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.

Yeah, bitcoin can be transacted within any two corner of the world with a much reduced transaction fee. As mentioned cash doesn't need any confirmation, but it has very limited access compared to bitcoin. With bitcoin you can grow your money which is not possible with regular cash.

In my view, we can't even compare cash with Bitcoin in this regard. It doesn't just have limited access, it doesn't have any access unless you get it from hand to hand or from where someone has left it for you. On the flipside though, cash is unique because it doesn't need a payment system at all if you want to transact with it directly.

bitcoin is just always good for alternative cash is not unique in my opinion it is common.. bitcoin is unique there is no payment processor that can be the same as bitcoin.. but there is still weaknesses and there is still few merchant are accepting it but in the future we will see great future with bitcoin and maybe more merchant will accept bitcoin in the future..  the good benefits using bitcoin is the price increase and you can transfer the money easily and fast than remittances.

[dhampir-D]

The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.

This is a very important aspect of this, while fiat currency has its use limited to the country where the currency is issued, Bitcoin eliminates such barriers, the individual really has more freedom, Bitcoin is the ideal currency for who need to travel constantly from one country to another, or for people who have family in other countries, and need to send money there.

[tee-rex]

The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.

This is a very important aspect of this, while fiat currency has its use limited to the country where the currency is issued, Bitcoin eliminates such barriers, the individual really has more freedom, Bitcoin is the ideal currency for who need to travel constantly from one country to another, or for people who have family in other countries, and need to send money there.

Most banks which issue plastic cards offer basically the same service, and you can withdraw local cash in any country where there is an ATM, though the commissions may be hefty. But all in all I agree with you that Bitcoin is still better just because it remains the same Bitcoin regardless of the country of residence, and you can access your online wallet from any place where there is Internet.

[vasrasus]

The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.

This is a very important aspect of this, while fiat currency has its use limited to the country where the currency is issued, Bitcoin eliminates such barriers, the individual really has more freedom, Bitcoin is the ideal currency for who need to travel constantly from one country to another, or for people who have family in other countries, and need to send money there.

Exactly true transactions gets easier and we can monitored it. We can transfer money anytime and anywhere . Plus the other services of bitcoin now in terms of the apps or websites related to it thus some offers virtual atm,eload and e-payment.

[lienfaye]

The cash can be used in only respective country but Bitcoin can be used Globally. Normally cash transfer to once city to other city is tough than transferring Bitcoin from one account to another account. Only benefit I see with cash that it does not require confirmations like Bitcoin transaction.

Yeah its easy and less hassle for me to transfer btc to another account wherever he is. you dont need to go out to go for remittance to send money.

[Carmen_Sandiego]

well i would  suggest u  to 80 percent cash and 20 percent bitcoins .because u never know that when the country of ours will totally ban bitcoins until and unless u have too many bitcoins u cant rely totally on them.kudoos

If a country decides to ban Bitcoin, this will not stop people from using it, because the only thing that people need to use Bitcoin is internet. In fact, the ban in that country would help millions of people get to know Bitcoin.

If you have all the coins in an exchange, you could have problems, of course. That's why it is important to use wallets to which only you have the private keys.

[tee-rex]

well i would  suggest u  to 80 percent cash and 20 percent bitcoins .because u never know that when the country of ours will totally ban bitcoins until and unless u have too many bitcoins u cant rely totally on them.kudoos

If a country decides to ban Bitcoin, this will not stop people from using it, because the only thing that people need to use Bitcoin is internet. In fact, the ban in that country would help millions of people get to know Bitcoin.

If you have all the coins in an exchange, you could have problems, of course. That's why it is important to use wallets to which only you have the private keys.

Of course, it will not prevent people from using Bitcoin, but they will have to risk greatly as soon as they try to convert their bitcoins to fiat. Therefore many people would try to make away with their bitcoins and forget about them simply because they will no longer be of any use to them. Most people are using Bitcoin today specifically to earn more fiat through it, not because they are interested in buying stuff with their coins.

[Mastsetad]

well i would  suggest u  to 80 percent cash and 20 percent bitcoins .because u never know that when the country of ours will totally ban bitcoins until and unless u have too many bitcoins u cant rely totally on them.kudoos

If a country decides to ban Bitcoin, this will not stop people from using it, because the only thing that people need to use Bitcoin is internet. In fact, the ban in that country would help millions of people get to know Bitcoin.

If you have all the coins in an exchange, you could have problems, of course. That's why it is important to use wallets to which only you have the private keys.

People of a country would only stop using bitcoins if they hear that there is some really unbearable punishment for using bitcoins because no one would like to get punished for just something like this no matter how much they love it but they would surely love themselves more than it.

[Bestwishes745]

well i would  suggest u  to 80 percent cash and 20 percent bitcoins .because u never know that when the country of ours will totally ban bitcoins until and unless u have too many bitcoins u cant rely totally on them.kudoos

If a country decides to ban Bitcoin, this will not stop people from using it, because the only thing that people need to use Bitcoin is internet. In fact, the ban in that country would help millions of people get to know Bitcoin.

If you have all the coins in an exchange, you could have problems, of course. That's why it is important to use wallets to which only you have the private keys.

People of a country would only stop using bitcoins if they hear that there is some really unbearable punishment for using bitcoins because no one would like to get punished for just something like this no matter how much they love it but they would surely love themselves more than it.

But as bitcoin is an anonymous currency so the users of bitcoin will not feel any fear as they will know that no one will know about his usage of bitcoins and in the past a few countries banned it in their countries but they failed because they were unable to find that their citizens are using bitcoins or not.

[Achargeturry78]

well i would  suggest u  to 80 percent cash and 20 percent bitcoins .because u never know that when the country of ours will totally ban bitcoins until and unless u have too many bitcoins u cant rely totally on them.kudoos

This seems to be a nice idea your turning your cash into bitcoin and start growing them into real profit not just profit but also you gaining experience which helps you on your daily living. I don't mind bitcoin will totally banned here in my country

[uneng]

well i would  suggest u  to 80 percent cash and 20 percent bitcoins .because u never know that when the country of ours will totally ban bitcoins until and unless u have too many bitcoins u cant rely totally on them.kudoos

This seems to be a nice idea your turning your cash into bitcoin and start growing them into real profit not just profit but also you gaining experience which helps you on your daily living. I don't mind bitcoin will totally banned here in my country

I don't mind very much too, if bitcoin be banned in my country for any reason, I have enough time to sell my btcs if I wouldn't have a way to use it.
If I could, I would turn 50% of my money in bitcoins, but I can't because I need fiat to live, it will just be possible when more stores that we need every day start accepting bitcoins. Until there I will need to keep only a small part of my money in bitcoins, like 5%-8%.

[cakravothy]

because in online can't use instead of cash
in online bitcoin the best digital curency
but iam still have much instead of cash in offline
comparation bitcoin VS instead of cash , 90% instead of cash , and 10% in bitcoin to trading and investment

[lakisis]

because in online can't use instead of cash
in online bitcoin the best digital curency
but iam still have much instead of cash in offline
comparation bitcoin VS instead of cash , 90% instead of cash , and 10% in bitcoin to trading and investment

yeah bitcoin is really best currency for online shopping and i feel very much secure with bitcoin mean i store my balance into bitcoin then i feel very much safe and secure because bitcoin i wallet has too much high security and bitcoin fees is very much lower.

[South Park]

well i would  suggest u  to 80 percent cash and 20 percent bitcoins .because u never know that when the country of ours will totally ban bitcoins until and unless u have too many bitcoins u cant rely totally on them.kudoos

If a country decides to ban Bitcoin, this will not stop people from using it, because the only thing that people need to use Bitcoin is internet. In fact, the ban in that country would help millions of people get to know Bitcoin.

If you have all the coins in an exchange, you could have problems, of course. That's why it is important to use wallets to which only you have the private keys.

Of course, it will not prevent people from using Bitcoin, but they will have to risk greatly as soon as they try to convert their bitcoins to fiat. Therefore many people would try to make away with their bitcoins and forget about them simply because they will no longer be of any use to them. Most people are using Bitcoin today specifically to earn more fiat through it, not because they are interested in buying stuff with their coins.

As long as bitcoin has some value you will be able to find someone willing to trade, if it became illegal in your country maybe you will need to sell at a discounted price, but if they ask for a very low price, you could always change your money here in the forum for something else.

[rizkyhiw]

well i would  suggest u  to 80 percent cash and 20 percent bitcoins .because u never know that when the country of ours will totally ban bitcoins until and unless u have too many bitcoins u cant rely totally on them.kudoos

If a country decides to ban Bitcoin, this will not stop people from using it, because the only thing that people need to use Bitcoin is internet. In fact, the ban in that country would help millions of people get to know Bitcoin.

If you have all the coins in an exchange, you could have problems, of course. That's why it is important to use wallets to which only you have the private keys.

People of a country would only stop using bitcoins if they hear that there is some really unbearable punishment for using bitcoins because no one would like to get punished for just something like this no matter how much they love it but they would surely love themselves more than it.

But as bitcoin is an anonymous currency so the users of bitcoin will not feel any fear as they will know that no one will know about his usage of bitcoins and in the past a few countries banned it in their countries but they failed because they were unable to find that their citizens are using bitcoins or not.

bitcoin recently used for something illegal
like for money laundering and avoiding tax because it's anonimity
i guess that's why people prefer to use bitcoin rather than cash nowadays
they did not even care about how bitcoin developed , they just want to use/exploit it.

[virtualkeybuyer]

well i would  suggest u  to 80 percent cash and 20 percent bitcoins .because u never know that when the country of ours will totally ban bitcoins until and unless u have too many bitcoins u cant rely totally on them.kudoos

This seems to be a nice idea your turning your cash into bitcoin and start growing them into real profit not just profit but also you gaining experience which helps you on your daily living. I don't mind bitcoin will totally banned here in my country

He is thinking for to invest only 20 percent of his money in bitcoin which is really a very low amount to invest in bitcoin he at least need to invest 50% of his money so that he get a good profit from bitcoin and if it got banned in your country then no one can steal your bitcoins from you but it will be with you in your wallet.