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Yanisumin
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August 01, 2017, 06:47:19 PM |
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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.
Im at 70/50 percent at the moment, the other 30% is on cash and the other part of that 30% is on things like land and some properties. " If it is a bad investment then it is a good investment and vice versa" The profits that you might earn in btc is same as the profits that you might lose and the situation will remain the same as the price go up. As long as bitcoin is not legally accepted as a worldwide reserve, (even some reserves will lose its value through time) then bitcoin's price might drop but before it drops be sure than you are cashing out some of your profits and earning s in BTC and change it into some other good investments and business to compensate for the loss if the crypto goes down. |
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lukmandog
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August 01, 2017, 06:48:05 PM |
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Reason i have bitcoin is very simple, is investment. While cash, just to make a real payment. Because i cannt buy milk at store using bitcoin.
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Tungsten-1
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August 01, 2017, 08:09:22 PM |
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I like if bitcoin is not cash because it can be used anywhere even abroad, so for me not problem if bitcoin is not cash.
Agree. Real cash we can not use in everywhere and compare of bitcoin we can use it everywhere. In bitcoin has no more risk of stolen, and also this is the big advantage of bitcoin that we save our high amount of money very easily and we can not face any problems. |
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Noilee
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August 05, 2017, 08:53:07 AM |
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Having bitcoin instead of cash, there are many reason why we have bitcoin instead of cash this is because bitcoin is trusted and most secured than cash. Bitcoin is easy to earn and you can invest in bitcoin and gives profit. It has many advantages and benefits than cash, bitcoin transaction is fastest. You can hide a wealth in bitcoin or you can store in your wallet. Having bitcoin than cash is much better especially in the future.
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choppork
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August 05, 2017, 11:06:08 AM |
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Having bitcoin instead of cash, there are many reason why we have bitcoin instead of cash this is because bitcoin is trusted and most secured than cash. Bitcoin is easy to earn and you can invest in bitcoin and gives profit. It has many advantages and benefits than cash, bitcoin transaction is fastest. You can hide a wealth in bitcoin or you can store in your wallet. Having bitcoin than cash is much better especially in the future.
And to some people, it's even better to hold bitcoin because their fiat currency is in a sinking boat. Cash is subject to inflation and even though most people don't notice it, it's actually happening. You can save yourself from it by putting your money in gold (because gold is even more stable than bitcoin) or bitcoin if you want to risk it and maybe earn a little after a few months. Bitcoin transaction is the fastest when it comes to long distance transactions. But when it comes to person-to-person transactions, cash is still much better because you simply hand it over to the person and then he'll receive it. No fees at all. |
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mothergodness
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August 05, 2017, 11:39:32 AM |
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Bitcoin has the ability to bring very good profits, but for small purchases in everyday life it is not everywhere possible to use and it is not entirely convenient. It is intended only for large operations.
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Choyor
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August 05, 2017, 03:52:02 PM
Last edit: August 05, 2017, 04:03:56 PM by Choyor |
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Why bitcoin is not cash? I think it's because bitcoin is just a digital currency not a common currency in use for payment, it means bitcoin is not a currency but a media barter from bitcoin into cash and after becoming money then we can use it as a means of payment. Now bitcoin is getting popular, many people use it, it's because bitcoin gives a lot of ease in transactions, in addition also bitcoin also give advantage and more secure in terms of investing. Maybe that's the reason why we prefer bitcoin rather than cash.
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leyton11
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August 05, 2017, 04:16:26 PM |
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Bitcoin has the ability to bring very good profits, but for small purchases in everyday life it is not everywhere possible to use and it is not entirely convenient. It is intended only for large operations.
So we need find the ways make Bitcoin can useful and easy use for any one, this is the goal of Bitcoin for the future popular than on the world's. I think if Bitcoin can working as Digibyte system in current, it's will become to best crypto for purcharse and not have any problem. |
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Batang Hambog
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August 05, 2017, 04:19:19 PM |
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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.
We have the same point of view in choosing bitcoin rather than cash. I just want to add one. If you have bitcoin your money can grow to much higher price. Not like in cash your money will stay like that unless you spend it. Bitcoin is much better than cash for the present time. |
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ochysp
Newbie
 Offline
Activity: 10
Merit: 0
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August 05, 2017, 04:27:49 PM |
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Buying and holding crypto is a strategy. Holding money is not an option. So investing is becoming a necessity for modern humans.  |
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tittensor
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August 05, 2017, 04:38:58 PM |
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I like if bitcoin is not cash because it can be used anywhere even abroad, so for me not problem if bitcoin is not cash.
Agree. Real cash we can not use in everywhere and compare of bitcoin we can use it everywhere. In bitcoin has no more risk of stolen, and also this is the big advantage of bitcoin that we save our high amount of money very easily and we can not face any problems. Why don't have more risk of stolen ? If you store your Bitcoin in wallet PC and save your private key to file text, excel or json ... Hacker still can hacked them and rob all your funds. So, don't think hacker can't do that. |
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hyunee
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August 05, 2017, 07:38:29 PM |
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You have a very good point. For me also i would like to see how bitcoin really changes the world. With the value of it and how it helps our society. I think it would be better if they give it a try to test how convenient it is to have bitcoin.
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Silberman
Legendary
Offline
Activity: 2688
Merit: 1374
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August 05, 2017, 10:42:57 PM |
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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.
Im at 70/50 percent at the moment, the other 30% is on cash and the other part of that 30% is on things like land and some properties. " If it is a bad investment then it is a good investment and vice versa" The profits that you might earn in btc is same as the profits that you might lose and the situation will remain the same as the price go up. As long as bitcoin is not legally accepted as a worldwide reserve, (even some reserves will lose its value through time) then bitcoin's price might drop but before it drops be sure than you are cashing out some of your profits and earning s in BTC and change it into some other good investments and business to compensate for the loss if the crypto goes down. I also got most of my money in bitcoin, that is why I was worried with all the issues of the hard fork and stuff like that but it seems everything is going to turn all right, now the only thing we need is for those greedy miners to not make that planned hard fork they want to do in November and we will be fine for many years to come since the capacity of the network to manage transactions will go up. |
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Polar91
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August 05, 2017, 11:28:28 PM |
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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.
Indeed. Because bitcoin can be easily stored on electronic wallet for your safety and also bitcoins are that handy because you can even bring a large amount without worrying that it might be snatched or stole from you. Although cash can also be stored online, bitcoin's feature makes it unique because of its decentralized block chain and also it increases its price value from time to time unlike cash that is operated by banks that only gives a little percent of gain. Also bitcoin provides fast transaction that you do not have to wait that long that can be done through mobile or computer usage. |
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Sled
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August 06, 2017, 06:58:04 AM |
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You have a very good point. For me also i would like to see how bitcoin really changes the world. With the value of it and how it helps our society. I think it would be better if they give it a try to test how convenient it is to have bitcoin.
We can't really just adopt bitcoin and implement it in our system because bitcoin is not that very trustworthy for the eyes of the government because it is decentralized and that is cannot be controlled by the officials of the government so it will be undergoing a slow process to be able to make it as a recognized currency for the countries. |
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Botnake
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August 06, 2017, 07:08:42 AM |
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You have a very good point. For me also i would like to see how bitcoin really changes the world. With the value of it and how it helps our society. I think it would be better if they give it a try to test how convenient it is to have bitcoin.
We can't really just adopt bitcoin and implement it in our system because bitcoin is not that very trustworthy for the eyes of the government because it is decentralized and that is cannot be controlled by the officials of the government so it will be undergoing a slow process to be able to make it as a recognized currency for the countries. They should work together, bitcoin without cash is useless and this world would not be a better place to live with cash only existing. We just discover bitcoin and we should support it but we should know how far it can go and that includes being second to cash. |
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Spontebob
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August 06, 2017, 11:06:52 PM |
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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.
Compared to cash, bitcoin is way more easier to transact and has a higher value. The physical money can be easily stealed while bitcoin is not. It's easier to secure than cash. Whenever you invest on bitcoin, it grants you higher amount unlike cash. If ever you need some money, bitcoin is easy to transact knowing that it is accessed online. Bitcoin is accountable to be used by anyone. It's a global currency that's why it's way more better than cash. |
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Japinat
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August 06, 2017, 11:22:31 PM |
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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.
Compared to cash, bitcoin is way more easier to transact and has a higher value. The physical money can be easily stealed while bitcoin is not. It's easier to secure than cash. Whenever you invest on bitcoin, it grants you higher amount unlike cash. If ever you need some money, bitcoin is easy to transact knowing that it is accessed online. Bitcoin is accountable to be used by anyone. It's a global currency that's why it's way more better than cash. In terms of security, I think that depends on the person who is handling it, all are secured because if not it would have already been abolish by the government. Cash and bitcoin are both helpful to the people, when they stay together life would be better, bitcoin is just a payment system behind cash and will not work without cash use to support buying bitcoin. On the other hand, for investment, bitcoin is always better because recently it just achieve it's all time high which is great for us investors as we make money on it. |
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Black Angel
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August 07, 2017, 07:15:20 AM |
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Bitcoin and cash are certainly different things, and I think bitcoin is broader and easier to use, which makes me prefer bitcoin for being a very profitable investment alternative in the future.
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mobilestrike
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August 07, 2017, 11:45:27 PM |
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Bitcoin and cash are certainly different things, and I think bitcoin is broader and easier to use, which makes me prefer bitcoin for being a very profitable investment alternative in the future.
Bitcoins and cash are the two different sides of the same picture. Both are performing the same function that is they are two different modes of payments. In the current era of technology bitcoins appear to be the brighter side of the picture. That is why most of the people are preferring bitcoins over paper money. |
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