Why have Bitcoin instead of cash?

[Yanisumin]

Because inside the bitcoin there is a great chance for you to earn substantial income in the future. Bitcoin is one of the reasons why it is better than cash because it is more transparent but safe and bitcoin can survive due to decentralization.

The only thing that we should be worrying about in these decentralization process is that, we can't do some assessment on how we will measure the risk and the lack of transparency in data's in the block chain. Of course we can call it safe but there have been some problems in hacking Ang lack of resolutions in disputes. For example, we have no rules when a mistake occurred, like owww wrong address, I'm sorry can you give me back my coin. Well that would be hard to know whether your coins will be return to you. The issue on dispute is one of the problem too, because we have no formal resolutions on how we will do some right decisions if the account is hack and a mistake is made. I hope we all in this together to improve the block chain market. Just like some people said here, the risk is big and the uncertainty is wide.

[cazkooo]

I think why we need bitcoin because if you have cash only those cash spend to the wants and after yoi dont have money. But if you have bitcoin for sure you will earn a lot of money or cash. And bitcoin is for only transaction while the cash is our daily expenses

bitcoin is for daily expenses as well, someday we will be able to buy anything with bitcoin. I cant wait for that day to come and when it really comes , I hope that I am still alive. Our wish as a bitcoiner is to use bitcoin for daily transaction one day and not just limited to get profit from trading daily

[Tamilson]

Bitcoin is a good investment even when it was supposed to be a currency of the Internet. The price of bitcoin in terms of fiat is always increasing. Those that invested last year in bitcoin have made fortune now. You can't find a legit investment that has that much gains in such a short time.

The advantage of cash over bitcoin is that it's accepted in most places. Wherever you go, cash is accepted while bitcoin is mostly not. Some people use bitcoin and get paid in bitcoins in order to avoid paying huge tax. The tax is usually 32% and there's even a country where tax is 50%. If you ask me, those are really big numbers especially for poor people. As your salary increases, your tax is also increasing.

[marcuslong]

I think why we need bitcoin because if you have cash only those cash spend to the wants and after yoi dont have money. But if you have bitcoin for sure you will earn a lot of money or cash. And bitcoin is for only transaction while the cash is our daily expenses

bitcoin is for daily expenses as well, someday we will be able to buy anything with bitcoin. I cant wait for that day to come and when it really comes , I hope that I am still alive. Our wish as a bitcoiner is to use bitcoin for daily transaction one day and not just limited to get profit from trading daily

If you're about to exchange your bitcoin into fiat you can spend that daily but when you are going to spend your own bitcoin? Is there any supermarket or anything local stores that are accepting payments? Maybe someday i am too i can't wait to let this happen to our economics and i love to use all my bitcoin just to shop online.

[matchi2011]

I think why we need bitcoin because if you have cash only those cash spend to the wants and after yoi dont have money. But if you have bitcoin for sure you will earn a lot of money or cash. And bitcoin is for only transaction while the cash is our daily expenses

bitcoin is for daily expenses as well, someday we will be able to buy anything with bitcoin. I cant wait for that day to come and when it really comes , I hope that I am still alive. Our wish as a bitcoiner is to use bitcoin for daily transaction one day and not just limited to get profit from trading daily

If you're about to exchange your bitcoin into fiat you can spend that daily but when you are going to spend your own bitcoin? Is there any supermarket or anything local stores that are accepting payments? Maybe someday i am too i can't wait to let this happen to our economics and i love to use all my bitcoin just to shop online.

That someday may be far from being fulfilled though. Even if bitcoin is now having a strong following, it still isn't too mainstream to be accepted as payments for daily purchases. And the technology for using btc as method of transaction in the real world is not yet available to a lot of areas. We may come to a time that we won't need cash anymore but it's not going to be in the next several years or decades

[azguard]

Simple reason. If you follow what going up for several days, you could all see that in this you can earn quite a bit money. If you sold on for example on 2700 and now bought it you earn some amount in difference of how many bitcoins did you have. So keeping bitcoin is good and also follow this when you can sell high and buy cheap.

[akar87]

Because I want to trade to make more money, that's why i have bitcoin. Investing in bitcoin very lucrative lately. And this seems like a good time to buy bitcoin again.

[Pab]

Why not have both,cash is very useful I can buy nothing here with btc ,i can only invest and trade

[Chachacoin17]

Bitcoin is advantage instead of cash thats why i choose bitcoin and im choosing bitcoin because it has the fastest transaction compared from fiat cash money. And the very best thing is also it is not taxable and no hidden charges.

[Xester]

Bitcoin is advantage instead of cash thats why i choose bitcoin and im choosing bitcoin because it has the fastest transaction compared from fiat cash money. And the very best thing is also it is not taxable and no hidden charges.

Indeed.  Plus if you keep it in your wallet there is tendency that it could goes up.  There would be no fear that your money will be stolen or will lost.  And like what you said, the best thing is it is non taxable.  So all your bitcoins is yours.  You could do almosy everything same thing with what you can do with paper money.

[Bodywowoya]

Bitcoin is advantage instead of cash thats why i choose bitcoin and im choosing bitcoin because it has the fastest transaction compared from fiat cash money. And the very best thing is also it is not taxable and no hidden charges.

Indeed.  Plus if you keep it in your wallet there is tendency that it could goes up.  There would be no fear that your money will be stolen or will lost.  And like what you said, the best thing is it is non taxable.  So all your bitcoins is yours.  You could do almosy everything same thing with what you can do with paper money.

You can still understand that Bitcoin can be implemented only if it has the same capabilities and rights as other currencies. And this means that Bitcoin users will have to pay tax also from working with the crypto currency as well as with real money.

[stompix]

Bitcoin is advantage instead of cash thats why i choose bitcoin and im choosing bitcoin because it has the fastest transaction compared from fiat cash money. And the very best thing is also it is not taxable and no hidden charges.

Indeed.  Plus if you keep it in your wallet there is tendency that it could goes up.  There would be no fear that your money will be stolen or will lost.  And like what you said, the best thing is it is non taxable.  So all your bitcoins is yours.  You could do almosy everything same thing with what you can do with paper money.

You can still understand that Bitcoin can be implemented only if it has the same capabilities and rights as other currencies. And this means that Bitcoin users will have to pay tax also from working with the crypto currency as well as with real money.

Actually I have some pretty bad news for a few , we've already passed this step.
It doesn't really matter what you work for be it fiat be it bitcoins.

As long as you're earning a profit by all the laws in all countries those are taxable.
And if you're wondering how can they tax it, well..the problem is that they are taking it all if you fail to declare the profit you've made in your national currency amount to the tax office.

There are a few sad stories around here by guys that got a visit by the authorities end ended up with all their funds and bitcoin taken away.
Not even mentioning the ones that did trades in btc fiat end ended even worse like burtw.

[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.

I think decentralization is a key advantage, but I disagree with more security. I don't see how bitcoin is more secure than USD... in fact, I think it is less secure... USD in the bank is insured by the gov up to $250k, no such service exists for bitcoin. Furthermore, bitcoin does not have any reliable, well-established services to store it in, whereas USD has banks. Coinbase is garbage.

A disadvantage of bitcoin is the high transaction fees to convert between btc and usd.

That insurance is nothing but hot air, they may make good on their promises, if a bank goes bust here and there, but in major crisis strikes you can be sure they are not going to be able to give that money back to the ones that saved that money and even if at some point do, they are going to do it with devalued dollar that are not going to buy as much as they used.

[Sled]

Bitcoin is advantage instead of cash thats why i choose bitcoin and im choosing bitcoin because it has the fastest transaction compared from fiat cash money. And the very best thing is also it is not taxable and no hidden charges.

Indeed.  Plus if you keep it in your wallet there is tendency that it could goes up.  There would be no fear that your money will be stolen or will lost.  And like what you said, the best thing is it is non taxable.  So all your bitcoins is yours.  You could do almosy everything same thing with what you can do with paper money.

When you have bitcoin then it is like you are already securing your money against the tax and the inflation so you are safe and the only concern for most of the users of bitcoin is to keep their bitcoin safe in the wallets and the best for that is a hardware wallet like trezor and if you have that then there is nothing to worry about.

[Beparanf]

Bitcoin is advantage instead of cash thats why i choose bitcoin and im choosing bitcoin because it has the fastest transaction compared from fiat cash money. And the very best thing is also it is not taxable and no hidden charges.

Indeed.  Plus if you keep it in your wallet there is tendency that it could goes up.  There would be no fear that your money will be stolen or will lost.  And like what you said, the best thing is it is non taxable.  So all your bitcoins is yours.  You could do almosy everything same thing with what you can do with paper money.

When you have bitcoin then it is like you are already securing your money against the tax and the inflation so you are safe and the only concern for most of the users of bitcoin is to keep their bitcoin safe in the wallets and the best for that is a hardware wallet like trezor and if you have that then there is nothing to worry about.

Bitcoin is a lot better than a cash or bank,no matter how much it is we all know that in time it will increase and its secured since were the one whose controlling it.

[The_prodigy]

Bitcoin is a lot better than a cash or bank,no matter how much it is we all know that in time it will increase and its secured since were the one whose controlling it.

Indeed. I feel more secured in bitcoin than in banks in many ways in my life. In cash it can be easily steal you when you go out to the streets and in bitcoin you may put some many security options on it. I stay my money in my online wallet because i know that it is safe there and i will no have problem with it , no problem with its security.

[yellow1]

Bitcoin is a more benefits and many advantages than cash. Because bitcoin is safe and secured. In bitcoin it easy to use and no one get form you not like in cash. Not like in bitcoin its safest and easy to use and pay our bills with an internet access. No hazard to our time. Bitcoin transaction is fast, and you can create your money. Bitcoin is easy to store, you can hide your wealth as well and your savings. Bitcoin is one of the good choice of the people. Bitcoin is easy to earn no need to go outside to earn. Bitcoin is valuable and best in investment.

[xLittlegirly]

Bitcoins are just too awesome and everyone like digital things

[jak3]

cash is dam not available for kids but with bitcoin there is no age limitation . anyone can earn it no matter what and no one will tell me that i am so small to earn money. bitcoin offers a great new possibility for everyone to understand the monetary system better so that even kids can understand how money works inside a economy of any country. people learns new stuffs because of greed of making bitcoins and it spread like a wild fire through the world.

[PancherBitCoin]

cash is dam not available for kids but with bitcoin there is no age limitation . anyone can earn it no matter what and no one will tell me that i am so small to earn money. bitcoin offers a great new possibility for everyone to understand the monetary system better so that even kids can understand how money works inside a economy of any country. people learns new stuffs because of greed of making bitcoins and it spread like a wild fire through the world.

You can correct your words a little and say that not because of greed people know about the great opportunities to make money. And some learn about Bitcoin because they are looking for other ways of income, because many people do not have enough money to survive in this world. But that nemesis for children will be hard to use crypto currency for ritual purposes to buy some goods that they need. I think that most people will not be able to use Bitcoin as a means of payment. This requires some knowledge and maybe even an education.