Why have Bitcoin instead of cash?

[Omega Weapon]

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

Bitcoin transaction fee for small amounts of money is definitely not cheap at all, but for those that live in the first world or that can send bigger transactions the fees may not seem that bad, but if we want a world adoption from the population of the world this problem with the fess needs to be resolved as soon as possible.

[matuson]

It really is not correct that the transfer fee does not depend on the amount of the payment. Probably a solution could be bitcoin Bank which made money on the back of the remnants, and it would free transfers, but problems may arise with confidence. For example, I do not trust any banks.

[Lumada]

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

Bitcoin transaction fee for small amounts of money is definitely not cheap at all, but for those that live in the first world or that can send bigger transactions the fees may not seem that bad, but if we want a world adoption from the population of the world this problem with the fess needs to be resolves as soon as possible.

It really is not correct that the transfer fee does not depend on the amount of the payment. Probably a solution could be bitcoin Bank which made money on the back of the remnants, and it would free transfers, but problems may arise with confidence. For example, I do not trust any banks.

Same here, at my current savings account were facing problem and it wasn"t fix yet. I will just put it on my btc walet when it fixed.

[Shiller2009]

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

Yes, a few years after writing the post, he became even stronger and closer to real gold and in some ways even surpasses it.

[Oralmat]

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.

Take bank checks for example when they first came out.  They were not meant to replace cash, but to give a person the ability to spend money that was not on them.  If the amount was too large to safely carry, or the purchase was last minute and not planned for, a check could be used, cash the rest of the time.  Credit cards never replaced cash, although debit cards should have. 

[Dainye_dyep]

It is better to have bitcoin instead of cash because as time passed by, the currency of the bitcoin is rising up in the universal market that can lead you to more opportunities of spending it on many things. Because having cash instead of bitcoin is the shortest and easiest way in using money because as long as you have cash on your hands you would keep on spending it until it's gone. While on bitcoin you can have a 2 in 1 advantage because you can keep it for a long time and the currency is changing in time that you can't get when you are holding your cash.

[warwar]

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

Yes, a few years after writing the post, he became even stronger and closer to real gold and in some ways even surpasses it.

Well i think bitcoin is not really stronger than gold or closer with it because in the first place not all people know bitcoin unlike gold, 2nd bitcoin is digital currency and gold is in physical. When we are talking about bitcoin it is sort of  online and we cant use it without internet connection unlike gold you can used it. Though  i cant compare gold and bitcoin now because they has their own potentials

[bitllionaire]

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

Bitcoin transaction fee for small amounts of money is definitely not cheap at all, but for those that live in the first world or that can send bigger transactions the fees may not seem that bad, but if we want a world adoption from the population of the world this problem with the fess needs to be resolves as soon as possible.

yes small transaction is creating problems with big transaction fee. now we cannot use bitcoin for  purchasing small items online, the exchanges are increasing the transaction fee from time to time, for example the yobit was charging 0.0003 but now they increased the transaction fee to 0.0009 which is 200 %, i think there should be a regularity authority to have check on theses exchanges and to bound them about the increase in transaction fee.

[Chachacoin17]

For me bitcoin is the fastest transaction ive ever known unlike cash. You can pay your bills in bitcoin. And if the currency will rising up its very nice if you have btc because the money you keep is become bigger not like cash. You can keep your cash but as the days pass by the cash that you hold is loosing.

[gabmen]

For me bitcoin is the fastest transaction ive ever known unlike cash. You can pay your bills in bitcoin. And if the currency will rising up its very nice if you have btc because the money you keep is become bigger not like cash. You can keep your cash but as the days pass by the cash that you hold is loosing.

Well you may be right but you still meed cash for your everday expenses. You can't use btc for payments in a convenience store yet so having all your money converted to btc and mit keeping cash would be a foolish idea. Keep btcs for investments and keep cash as well for daily usage

[HatakeKakashi]

For me bitcoin is the fastest transaction ive ever known unlike cash. You can pay your bills in bitcoin. And if the currency will rising up its very nice if you have btc because the money you keep is become bigger not like cash. You can keep your cash but as the days pass by the cash that you hold is loosing.

Well you may be right but you still meed cash for your everday expenses. You can't use btc for payments in a convenience store yet so having all your money converted to btc and mit keeping cash would be a foolish idea. Keep btcs for investments and keep cash as well for daily usage

Cash is for the the daily uses or expenses like buying foods and everything . Cash for paying your grocery in convenient store . Bitcoin is for online transaction like shopping buying gadgets like laptops and cellphone. And if you have a lot of bitcoin they have chances to get a lot of cash because the price increasing more.  And thats the one reason why bitcoin is good.

[stevano]

Because bitcoin is a valuable thing that exceeds the value of money contained in it, bitcoin the price is always changing the fox so it is difficult to assess with money.

[Rostadom]

For me bitcoin is the fastest transaction ive ever known unlike cash.

That's not entirely true. You can achieve instant transactions with cash. A transaction can happen between two people, hand the money, and then done. In bitcoin, on the other hand, it would take a couple of minutes if you're lucky, several hours if you're kinda lucky, and then a couple of days most of the time. I'm not speaking in behalf of everyone since you obviously can fasten up the transaction by adding more transaction fees. I'm just saying what a regular bitcoin user actually experience.

Gone are the days when you can actually say that bitcoin's transactions are fast and cheap. Today, you already spent more than 1$ to send just a couple of dollars but you'd still have to wait for days before it gets confirmed.

[stompix]

For me bitcoin is the fastest transaction ive ever known unlike cash. You can pay your bills in bitcoin. And if the currency will rising up its very nice if you have btc because the money you keep is become bigger not like cash. You can keep your cash but as the days pass by the cash that you hold is loosing.

Lols..let's stop with the snorting around here

Cash is instant payment. You give a bill receive a few coins back and you're off.
I can pay with cash faster that I can unblock my phone sometimes .

Probably you're just post hunting but still, stop with the crap.

Right now bitcoin is faster than bank transfers between different banks.
That's all. And it not bitcoin's fault it's just that other payment methods have evolved too.

[harizen]

For me bitcoin is the fastest transaction ive ever known unlike cash. You can pay your bills in bitcoin. And if the currency will rising up its very nice if you have btc because the money you keep is become bigger not like cash. You can keep your cash but as the days pass by the cash that you hold is loosing.

Lols..let's stop with the snorting around here

Cash is instant payment. You give a bill receive a few coins back and you're off.
I can pay with cash faster that I can unblock my phone sometimes .

Probably you're just post hunting but still, stop with the crap.

Right now bitcoin is faster than bank transfers between different banks.
That's all. And it not bitcoin's fault it's just that other payment methods have evolved too.

And with the current status of bitcoin network today, soon there will be no different in terms of speed between bitcoin transactions (using the standard fees) and bank transfers between different banks.

For references, bank to bank transfer here is instant and just one second click away via online banking. For transfers between different banks, the average is 6 hours with cheaper fees about an average of $0.05. My recent bitcoin transaction cost $3 and I wait for 4 hours. See the comparison here? Really making a sense.

[fanita]

If the bitcoin of cash, there is no price up or down lucky is coin-shaped coins that have a high price later.

[freedomgo]

If the bitcoin of cash, there is no price up or down lucky is coin-shaped coins that have a high price later.

Bitcoin's volatility is brought due to its limited supply, if it is controlled by the government like cash, they can simply
produce another to aid the increasing demand, bitcoin is different that's why it has a good potential to increase its value
in the long run.

[Harlot]

I only have 2 reasons while I choose Bitcoin instead of cash. One is that I intend Bitcoin to be use in online transactions where it will be accepted as cash, because I am a cash kind of guy who does not have any credit cards to use. And secondly (which I use the most) I use Bitcoin as a mode of investment which obviously has a lot of growth potential compared to any fiat currency the downside is it can also decrease its price fast.

[sulendra12]

For me bitcoin is the fastest transaction ive ever known unlike cash.

No, it's not fastest. It depend on how much fee you have reserved for every transaction you make, also if your balance accumulated from dust transaction you have to set higher fee in order to make your transaction confirmed quickly.

You need cash too, to pay your daily needs because with Bitcoin you can't pay anything you want.

[ekans45]

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 also do see bitcoin as a universal currency which allows people to made transaction in a fast and reliable way. Besides bitcoin is a crypto-currency which has a technology within so basically its development is base on the development of the technology also so it is an investment also for those who want to earn more. And I agree that bitcoin is a global currency which can be used through wallet in transaction for a faster and for security purposes unlike the fiat that can produce fake cash.