Why have Bitcoin instead of cash?

[Zooplus]

The way I see it, Bitcoin gives us the true freedom of currency. We are not dependent upon any system to use our money. So it basically is and always will be BTCFREEDOMBTC

Yes I agree, it gives us freedom from customs and governments. And it can also allows us to have a lot of money without paying taxes and everything.  Plus the value of it rises from time to time unlike cash thee value of it are always the same.

In any way I think we pay taxes the moment we cash out our bitcoin, I don't know the taxation rules in your area but
it's pretty basic that where we receive money as our income we are obliged to pay income tax.
Anyway, it's very complicated as anyone can do away with it especially if the implementation is very lax.

[@prashant]

The way I see it, Bitcoin gives us the true freedom of currency. We are not dependent upon any system to use our money. So it basically is and always will be BTCFREEDOMBTC

Yes I agree, it gives us freedom from customs and governments. And it can also allows us to have a lot of money without paying taxes and everything.  Plus the value of it rises from time to time unlike cash thee value of it are always the same.

First if you withraw it to bank then you pay tax on it ,second if you do not pay tax then how will government will get money to do various projects,scheme,defence, economic benefits,etc.if everyone will think like you to not to pay tax to government then there will be no code of conduct.

[NathanJB]

Here's my two cents about it: you simply cannot have only one of the two and completely set aside the other. As of this time and age, you really need to have some fiat with you.

But of course bitcoin is better than fiat overall. It is because bitcoin is worth huge. Fiat does not increase in value. Bitcoin does, fast.

[Kasabus]

Here's my two cents about it: you simply cannot have only one of the two and completely set aside the other. As of this time and age, you really need to have some fiat with you.

But of course bitcoin is better than fiat overall. It is because bitcoin is worth huge. Fiat does not increase in value. Bitcoin does, fast.

Have both for security, if hard times will come your fiat is always acceptable but bitcoin might be worthless.
Fiat is back by the government and it is the interest of the country to improve its economy so they will do necessary things to protect it.

[ethereumhunter]

having bitcoin is like we have investment in long term and we have a way for making money in future. with changing price of bitcoin, the price will be increase from time to time and finally in the long term, we can see the price is getting higher and we can cash out our bitcoin to have more money. but for now, we should not forget to saving our money too because we still using money to buy something in real life so while we have bitcoin, we can still continue our life.

[Mbah Djoko]

This is because the bitcoin more secure, practical and promising profit in the future, the current transaction with cash is very troublesome and dangerous because of the insecurity in the raid.

[Quadast]

You need to imagine the fact that each user will need to register Bitcoin Wallet or to pay their bills and other needs. The difference from Bitcoin with cash is much easier. So the question arises, Which is better to choose a simple man?

[dasana212]

Because bitcoin can i use to make money. Cash for daily transaction payments, and bitcoin for trading on poloniex or bittrex. When profit, then i will exchange it with fiat.

[ratoe]

Yes, I agree. With current situation bitcoin is a sexy investment because all good news about bitcoin.
for example I have bitcoin 0.1 in one my address in early 2015 and forget, I back now the value is insane..

[darkangel]

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

As far as I know, bitcoin is now viewed as 2.0 so it is also considered as currency. Because bitcoin also has properties like money: worthwhile, circulation, reserves, payment. This is also considered as a smart money capable of programming the purpose of spending money and avoiding corruption and fraud.

[X-ray]

Here's my two cents about it: you simply cannot have only one of the two and completely set aside the other. As of this time and age, you really need to have some fiat with you.

But of course bitcoin is better than fiat overall. It is because bitcoin is worth huge. Fiat does not increase in value. Bitcoin does, fast.

Have both for security, if hard times will come your fiat is always acceptable but bitcoin might be worthless.
Fiat is back by the government and it is the interest of the country to improve its economy so they will do necessary things to protect it.

The fiat can be used to backup the bitcoin as our invement, But the fact that more countries tried to adopt bitcoin as they can, but the fiat still has hold the domination. i mean has fiat will be needed to support our invesmemtn in bitcoin. It can be used in various condition.

[SoulEaterRR]

Yes, I agree. With current situation bitcoin is a sexy investment because all good news about bitcoin.
for example I have bitcoin 0.1 in one my address in early 2015 and forget, I back now the value is insane..

Yes, bitcoin is a very good investment and those who forget about it, then in a few years they will be able to see millions on their account. This is a very good opportunity to become rich without doing anything.

[betMaster]

Bitcoin is safer than cash no one have the right to take it from you not the goverment not the IRS, it's fast and worldwide wich make it easey  to do business from you own house.

[FlightyPouch]

Bitcoin is safer than cash no one have the right to take it from you not the goverment not the IRS, it's fast and worldwide wich make it easey  to do business from you own house.

There is no safe currency, we all know that. There will be a lot of people who will be taking advantage of holes and security flaws of a site or a company. There will still be a lot of abusive people who will be using applications to get money from it.

Bitcoin is a good digital currency, but it doesn't mean that it will be as safe as we all know. Bitcoin also has risks, it is volatile. And when you will be starting a business using bitcoin in your home, you must be really cautious and really careful for every actions and transactions you will be making.

[gabmen]

Yes, I agree. With current situation bitcoin is a sexy investment because all good news about bitcoin.
for example I have bitcoin 0.1 in one my address in early 2015 and forget, I back now the value is insane..

Yes, bitcoin is a very good investment and those who forget about it, then in a few years they will be able to see millions on their account. This is a very good opportunity to become rich without doing anything.

That probably would be the case for those that held on to heir btcs way back 4 or 5 years ago. Today, in a couple of years from niw, we may be getting huge earnings still ifnwe hold.on to our bitcoins but i doubt it would be in the same scale as what happened to those early long time holders. They may be millionnaires in a couple of more years of holding but for us, a good profit would be waiting.

[TonixGaming_14]

Bitcoin instead of cash, because in the future bitcoin will be famous they will use for transaction daily need paying bill and other payments but cash became investment of bitcoin .

[stompix]

This is because the bitcoin more secure, practical and promising profit in the future, the current transaction with cash is very troublesome and dangerous because of the insecurity in the raid.

Transactions in cash are probably the most secure ones in the world.
You have the merchandise you get the money.
No bank, no charge backs, no guy not sending the coins,no nothing .

This is why a lot of people stick to cash.

Because bitcoin is a decentralized private money and the governments can not intervene or manipulate it. The Fiat cash is created by some private banks and they can simply put any digital cash amount into their system and cause an inflation, while we people have to work to become owner of some Fiat money.

Fist is not created by private banks. Get your facts right.
It's the central bank that prints money not Deutsche Bank or ING

[guoyu78]

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

As far as I know, bitcoin is now viewed as 2.0 so it is also considered as currency. Because bitcoin also has properties like money: worthwhile, circulation, reserves, payment. This is also considered as a smart money capable of programming the purpose of spending money and avoiding corruption and fraud.

Yep! Well said, pal. Mark my words, bitcoins will be the ruling currency of world in coming few years. It has all characteristics of paper money and is far better than paper money. Its decentralization makes it free of taxes which are not possible with paper money. In short, bitcoins are better to hold than cash

[azguard]

It better to have both. Remember all we that not everywhere still is accepted bitcoin or adopted. So for the time being cash is good to have. My investment is more less 50-50 in percentage. But for future saving or investing or even safe keeping bitcoin is better solution it can easily go up in price as well it can go down. But still is better option for me and believe for most of us here.

[Silberman]

I like bitcoin because the price is high and it is not difficult to pick it up or keep it, but until then still I still need cash to shop ..

Bitcoin is easier to make as a very promising investment so without cash we can save our money into the form of digital currency whose price can change every minute. If you look at the price in the previous year bitcoin prices are so low that only a few people can use bitcoin, but at this time bitcoin prices are on the rise even though in the previous week bitcoin prices higher than now.

That is why investing in bitcoin is a really good investment for people who want to have a good retirement fund in the future because the price of bitcoin is moving up every year and its percentage gains are not expected and very surprising. If you will buy bitcoin now and if you will keep it for long term then you will have a chance to grow it up to 1000% from your capital.

While what you said is true, we must also be careful with how we manage our money for our retirement because if you don’t and you fail in your investments then you may be unable to retire or you could retire in very bad conditions, which is something no one of us wants since at that point in your life the only thing you want to do is to enjoy your last years on this beautiful life.