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Author Topic: Why have Bitcoin instead of cash?  (Read 246160 times)
hinatashoyou
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June 06, 2017, 05:31:19 AM
 #2381

Maybe for me prefer bitcoin rather than cash, because with bitcoin I can do activities that will be profitable for me. In addition to having a function As a means of payment of bitcoin transactions can also be a valuable asset and can do some form of business such as trade and investment.

Yeah, bitcoin can not be compared with cash, it is very different, cash money is a relic of the past that can still be used, maybe in the future we will rarely use cash for some reasons such as security if brought in large amounts, in transactions are also very Fast, so we do not need to bring large amounts of cash if you want to buy a house or a car
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June 06, 2017, 05:44:50 AM
 #2382

Maybe for me prefer bitcoin rather than cash, because with bitcoin I can do activities that will be profitable for me. In addition to having a function As a means of payment of bitcoin transactions can also be a valuable asset and can do some form of business such as trade and investment.

Yeah, bitcoin can not be compared with cash, it is very different, cash money is a relic of the past that can still be used, maybe in the future we will rarely use cash for some reasons such as security if brought in large amounts, in transactions are also very Fast, so we do not need to bring large amounts of cash if you want to buy a house or a car
It will not change in the future, there will only be more option to use but cash is still the most dominant of all.
Bitcoin has its success and it will continue as expected but it is not only for bitcoin alone because there are some good alts that
will be popular as well.
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June 06, 2017, 06:30:45 AM
 #2383

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.
With bitcoins,money could be sent all over the world with very low fee compared to other payment systems.Its an ever growing investment.Its safe and secure.
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June 07, 2017, 07:36:33 AM
 #2384

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.
With bitcoins,money could be sent all over the world with very low fee compared to other payment systems.Its an ever growing investment.Its safe and secure.

I think it is the reason why the price is rising. I have been buying for some time.
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June 07, 2017, 10:45:23 AM
 #2385

why iam interest bitcoin compare cash money
I assume bitcoin not money but iam assume is comodity so we can trading
i want growth my money cash with trading, if still save in cash money
so my money can't growht

yes its true bitcoin are a comodity not cash we can invest our money in bitcoin for growth the money as every one want. bitcoin is safer than money. now a day every bibtcoin user are in profit and earn alot of money because bitcoin value are increase day by day.

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June 07, 2017, 10:54:59 AM
 #2386

Personally, I use bitcoin only for earnings because of the increase in its price. And so not everywhere can they pay off and on some purchases the commission will be too high.

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June 07, 2017, 11:01:16 AM
 #2387

why iam interest bitcoin compare cash money
I assume bitcoin not money but iam assume is comodity so we can trading
i want growth my money cash with trading, if still save in cash money
so my money can't growht

yes its true bitcoin are a comodity not cash we can invest our money in bitcoin for growth the money as every one want. bitcoin is safer than money. now a day every bibtcoin user are in profit and earn alot of money because bitcoin value are increase day by day.


With some of these facts of course bitcoin has a better function than cash. If we see from the business opportunity. But in some countries that have limitations of bitcoin legality surely cash is a top priority for some payment transactions as well as others.
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June 07, 2017, 06:32:11 PM
 #2388

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.
With bitcoins,money could be sent all over the world with very low fee compared to other payment systems.Its an ever growing investment.Its safe and secure.
Are you sure about that? Paypal charges $0.1 for small transactions while bitcoin requires users to pay more than $2 in order for transactions to be confirmed. Do you think that bitcoin fee is cheap? Do not say anything bullshit here if you do not know anything about it

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June 07, 2017, 07:13:17 PM
 #2389

Because basically bitcoin is only made as a digital currency where users can easily perform various transactions either for trading or for investment purposes.
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June 07, 2017, 07:20:47 PM
 #2390

And why have only one of them? The ideal is to have both, and use each one for different purposes. Bitcoin for store of value, and fiat for small transactions.

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June 07, 2017, 08:21:27 PM
 #2391

Reasons you should have Bitcoin instead of cash are ie cash will not grow on its own but price of Bitcoin is volatile which helps in its growth everyday. Transaction in Bitcoin is anonymous which helps to secure your privacy.
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June 08, 2017, 12:47:17 AM
 #2392

Reasons you should have Bitcoin instead of cash are ie cash will not grow on its own but price of Bitcoin is volatile which helps in its growth everyday. Transaction in Bitcoin is anonymous which helps to secure your privacy.

Does bitcoin can be our own manage bank,we can be the one who do the transaction and payments as well monitors it.


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June 08, 2017, 01:15:41 AM
 #2393

 When we use bitcoin it is easy to transfer money online and user friendly and less fee per transaction which is so comfortable and doing transaction is successful without any hassle. The advantages of is because you are in online at network web doing transaction not like cash that is very hassle to people because they will travel abroad just to work for money. With btc earning the cash at your comfort zone at a very easy transaction and no delay of time. So stay focus on what's good about bitcoin and don't just waste your time earning money doing physical work with a low paying jobs, and study hard while innocent about digital currency, and when time comes you will not regret your learnings.

 
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June 08, 2017, 02:44:29 AM
 #2394

Reasons you should have Bitcoin instead of cash are ie cash will not grow on its own but price of Bitcoin is volatile which helps in its growth everyday. Transaction in Bitcoin is anonymous which helps to secure your privacy.

Does bitcoin can be our own manage bank,we can be the one who do the transaction and payments as well monitors it.
That's correct and it will also help us protect our identity unlike in bank where we need to divulge our personal information
to avail of their services. With the blockchain we can transfer fast without any hassle and our transaction is not subject for audit so we are free to
do what we like.

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June 08, 2017, 02:59:21 AM
 #2395

And why have only one of them? The ideal is to have both, and use each one for different purposes. Bitcoin for store of value, and fiat for small transactions.
Not all people and merchants who know about bitcoin so we face a bit difficulty to spent it but only saving fiat not profitable. So I agree that have both of them is a good deal for now, but I think the popularity of bitcoin is still increasing.

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June 08, 2017, 03:21:37 AM
 #2396

And why have only one of them? The ideal is to have both, and use each one for different purposes. Bitcoin for store of value, and fiat for small transactions.
Not all people and merchants who know about bitcoin so we face a bit difficulty to spent it but only saving fiat not profitable. So I agree that have both of them is a good deal for now, but I think the popularity of bitcoin is still increasing.
We will have a better world if what we have a lot of choices and we can choose those that are comfortable for us, bitcoin
could be the best for us but I'm sure not to the majority of people in this world, you cannot change the system directly, it take time to educate them.
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June 08, 2017, 03:27:46 AM
 #2397

Why have bitcoin instead of cash let me simplify it for you,,,, bitcoin is the most valuable coin in the cryptocurrency right now so meaning it is the coin that every traders in the world TRADE if bitcoin price got lower you can buy bitcoin so that you can sell it on very high price not like cash that no improvement in the price.
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June 08, 2017, 03:32:57 AM
 #2398

Why have bitcoin instead of cash let me simplify it for you,,,, bitcoin is the most valuable coin in the cryptocurrency right now so meaning it is the coin that every traders in the world TRADE if bitcoin price got lower you can buy bitcoin so that you can sell it on very high price not like cash that no improvement in the price.

What you have described is why to invest in bitcoin not why to hold it instead of cash. In fact I bet you still bring cash with you everytime you go outside.

In reality there is currently little reason to use bitcoin instead of cash, at best it can be used to replaced bank account based savings and other types of investments. I hope this changes in the future though.
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June 08, 2017, 04:11:31 AM
 #2399

because of the volatility of bitcoin there is fluctuation happening now into bitcoin.
And it is very safer than cash. Aside from it helping me a lot to keep bitcoin then hold it in a long term.
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June 10, 2017, 11:52:26 AM
 #2400

Simple bitcoin can is something that can be invested and made profit and later spend it. And from chart it's much better to have btc then cash.

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