Why have Bitcoin instead of cash?

[Babayega31]

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.

Yeah i prefer bitcoin instead of cash because it has anonymous transactions via internet aside from cash currency you cannot easily transact it through online and you need online banking to be able to use it for transactions. Bitcoin has a direct ability to be directly stored by online wallet and can be cash out directly to selected affiliated banks worldwide and you can transact immediately without any traffic.

[Bitcoin0916]

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.

Yeah i prefer bitcoin instead of cash because it has anonymous transactions via internet aside from cash currency you cannot easily transact it through online and you need online banking to be able to use it for transactions. Bitcoin has a direct ability to be directly stored by online wallet and can be cash out directly to selected affiliated banks worldwide and you can transact immediately without any traffic.

Of course, the power of bitcoin is anonymous, and I think there should be a distinction, if bitcoin equals with cash money, certainly not required complex blockchain algorithm, simply print the money and then miss out as well as money now. because it is made with a sophisticated program is certainly a lot of excess rather than cash money.

[Positid]

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.

Yeah i prefer bitcoin instead of cash because it has anonymous transactions via internet aside from cash currency you cannot easily transact it through online and you need online banking to be able to use it for transactions. Bitcoin has a direct ability to be directly stored by online wallet and can be cash out directly to selected affiliated banks worldwide and you can transact immediately without any traffic.

For online transaction bitcoin is good but for the overall transaction a person needs to do cash is more important. If I were to choose between the two, I would just have to choose cash because with bitcoin only I cannot survive in this world.

[coinfast]

Because, Bitcoin the transactions are instant , only confirmations get some time, Bitcoin gives us the true freedom, We are not dependent upon any system to use our money.

[dawnpot]

Bitcoins are easily transferable from country to country, jurisdiction to jurisdiction, nation to nation unlike physical cash which has its own limitations.

[Tanic]

I prefer to have cash. That's why once a month I vas out my bitcoins by it's current price the same day with my salary. It's annoying me a little that bitcoin price changes so fast, so I am more used to old school's cash.

[danherbias07]

I prefer to have cash. That's why once a month I vas out my bitcoins by it's current price the same day with my salary. It's annoying me a little that bitcoin price changes so fast, so I am more used to old school's cash.

Its annoying? You are a senior already and those price changes should have made you a lot of money now if you could simply think of it as a good movement. Haven't you read about trading and stuffs to use it as a profitable one?

[gabmen]

Bitcoins are easily transferable from country to country, jurisdiction to jurisdiction, nation to nation unlike physical cash which has its own limitations.

well i agree with you in that dude however you would still have to convert the bitcoins that you received to cash for you to have more use of it. the thing is that we don't have that much use of bitcoin as it is in today's world as there are not much companies that allows you to use bitcoin for payments. also for everyday consumption and purchases, it would be very hard to find, if we can find anywhere at all, to use bitcoin. there are a lot of benefits that we can get for using bitcoin but i think it may take a bit more time before we can use it as regularly as we use cash

[Mbah Tyo]

cash are not that easy to use in different countries, you need to exchange them everytime, a pain in the ass, bitcoin is a global currency, and very easy too move also

and cannot be faked like cash so easily, add on top of this, the less fees required...

I can use my mastercard in a lot of contries without even knowing what currency they have.

we are talking about cash not electronic money, also your other issue is the withdrawal limit on basically any atm, you know that with your master card you cannot withdrawn more than a certain amount, with bitcoin there are no restriction of any sort

yes you can use your mastercard but they will charge you a great fee for conversion, with bitcoin you don't need to convert in the local currency because bitcoin works globally

still use bitcoin simple when compared with cash, we now see our wallets filled with money 200k would have been packed, the discussion is different when using bicoin troublesome, regardless of its nominal she will be fit, keep safe if use bitcoin

[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.

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.

But what if Bitcoin goes down to single digits, and 1 bitcoin would be worth 1 dollar, will it be of any purpose to sell this bitcoin? People had been giving 20k bitcoins for some bath salt in the past, and if it goes back to that, most of us will be having dust, just dust. Could you imagine that Bitcoin at fist jumps to few thousand dollars and then governments start to ban it all over the world?

[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

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.

20% can be a lot or not much depending in your capital ready for investment, besides if someone feels comfortable investing only 20% of his money in bitcoin that is fine since it is better than not investing at all.

[AlphaSun]

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.

20% can be a lot or not much depending in your capital ready for investment, besides if someone feels comfortable investing only 20% of his money in bitcoin that is fine since it is better than not investing at all.

Even if you invest 1% of your money now, it will be dominant in a few decades.

[tabas]

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.

20% can be a lot or not much depending in your capital ready for investment, besides if someone feels comfortable investing only 20% of his money in bitcoin that is fine since it is better than not investing at all.

Even if you invest 1% of your money now, it will be dominant in a few decades.

I agree even just 1% it is already big enough as we can see that bitcoin is doing great and keeps on increasing as the day goes by. For me, as long as you are believing this crypto currency then you can invest any amount and any percentage that can make you satisfy. Because that will help already the adoption of bitcoin.

[Fatanut]

Even if you invest 1% of your money now, it will be dominant in a few decades.

It totally depends on how much money do you have. 1% of 1000$ is just 10$ and I don't think that would exactly be "dominant" in the few decades because if so, then how about those people that invested 1000$? Then they should be totally financial Gods of the future, not to mention the people that have thousands of bitcoins today.

I think all of us should have at least 1BTC saved for the future. Even if the price of bitcoin doesn't get to millions or ten/hundred thousands dollars, it's okay. You would still have 1BTC to treat yourself something nice in the far far future.

[leonardson]

It is a bordelss currency, I can go to Japan and spend some bitcoins instead of changing some pieces of paper with the face of someone for another ones.

[StarofBTC]

Besides, Bitcoin is an invisible gold and do not be restricted by the customs.

Very good point! This basically allows you to bring more than 10k in "cash" around the glob in your pocket without customs having a chance to find out.. Can potentially be problematic though, helping illegal transactions.

Don’t forget the fact that you don’t have to pay fees on it, having bitcoin is like jumping over a fence , instead of paying taxes for the government you just skip it and pay no fees, plus it is easy to send and does not take that much time unlike the real money that you have to wait 5 hours just to send 1$.

[South Park]

Even if you invest 1% of your money now, it will be dominant in a few decades.

It totally depends on how much money do you have. 1% of 1000$ is just 10$ and I don't think that would exactly be "dominant" in the few decades because if so, then how about those people that invested 1000$? Then they should be totally financial Gods of the future, not to mention the people that have thousands of bitcoins today.

I think all of us should have at least 1BTC saved for the future. Even if the price of bitcoin doesn't get to millions or ten/hundred thousands dollars, it's okay. You would still have 1BTC to treat yourself something nice in the far far future.

It is the same with gold, if you had a 1oz of gold 100 years ago you could buy you lots of neat stuff with it, now you can still buy nice stuff, the usual comparison is a nice suit, bitcoin is the same, even if the price of bitcoin does not skyrocket, I'm sure we could buy good stuff in the future with it.

[user27]

Even if you invest 1% of your money now, it will be dominant in a few decades.

It totally depends on how much money do you have. 1% of 1000$ is just 10$ and I don't think that would exactly be "dominant" in the few decades because if so, then how about those people that invested 1000$? Then they should be totally financial Gods of the future, not to mention the people that have thousands of bitcoins today.

I think all of us should have at least 1BTC saved for the future. Even if the price of bitcoin doesn't get to millions or ten/hundred thousands dollars, it's okay. You would still have 1BTC to treat yourself something nice in the far far future.

It is the same with gold, if you had a 1oz of gold 100 years ago you could buy you lots of neat stuff with it, now you can still buy nice stuff, the usual comparison is a nice suit, bitcoin is the same, even if the price of bitcoin does not skyrocket, I'm sure we could buy good stuff in the future with it.

Yeah I think bitcoin is like digital gold. They both are disinflationary currencies, but bitcoin is arguably more so because it follows a set schedule unlike gold where you can find 0 gold in one year and find a huge gold deposit the next.

Cash on the other hand is self destructive, and always inflationary.

[Emperor Magnus Caligula]

bitcoin valuates over time

cash always devaluates

any other reason needed?

[South Park]

Besides, Bitcoin is an invisible gold and do not be restricted by the customs.

Very good point! This basically allows you to bring more than 10k in "cash" around the glob in your pocket without customs having a chance to find out.. Can potentially be problematic though, helping illegal transactions.

Don’t forget the fact that you don’t have to pay fees on it, having bitcoin is like jumping over a fence , instead of paying taxes for the government you just skip it and pay no fees, plus it is easy to send and does not take that much time unlike the real money that you have to wait 5 hours just to send 1$.

I would like to add that some people bypass the 10k in cash limit by bringing their gold in form of jewelry since gold is so valuable you could wear something worth tens of thousands of dollars from one country to another without to much hassle if you know what you are doing.