Why have Bitcoin instead of cash?

[richmcrich]

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.

Point number 2 is the best for me , bitcoin can grow its value massively in an instant thats what i like most in bitcoin
that fiat /cash cannot do.

I don’t support the idea of having only bitcoin, you should also have cash. Yes, bitcoin has features that are much better, including being very fast for worldwide transactions, being the best option for investment, and being decentralized. But don’t rely only on bitcoin.

[JackMorris]

Very precisely, Bitcoin more beneficial for all of us than we are to use the Bank for transactions carried out. However, more banks have a legal basis and will definitely get a guarantee on all the things we do. Unlike the bitcoin, bitcoin has no legal basis and also guarantee. But to the advantage I will use the bitcoin and after that Exchange bitcoin into fiat and after that used the bank so that my money is assured with good

[Lumada]

Very precisely, Bitcoin more beneficial for all of us than we are to use the Bank for transactions carried out. However, more banks have a legal basis and will definitely get a guarantee on all the things we do. Unlike the bitcoin, bitcoin has no legal basis and also guarantee. But to the advantage I will use the bitcoin and after that Exchange bitcoin into fiat and after that used the bank so that my money is assured with good

Since I into saving then btc will really be my choice. Having btc can be a great help for me in the future and having it can help us to save a lot in the future. Cash is merely for buying stiffs and liiving.

[shezu007]

It is much better have bitcoin instead of cash, If you have bitcoin then you hold it for a long term, you will get high profit for sure because of teh volatility were bitcoin has, compare to cash you can only use as payment in the public businesses.

It will be soon happen because if we are having cash like bitcoin in our hands then we will have much power according to rich people. So everyone hoping for that bitcoin have promised people that they will provide us ATM card soon i hope that card come soon that we will start earning in bitcoin and get a lot of profit from bitcoin.

[JuanSanchezzz]

Bitcoin is a new currency and it can be purchase like fiat / cash also can be use for investation like gold. Bitcoin provide cheaper transaction fee and faster transaction but they also categorized as risky investation. (since their value are unpredictable)

[Yarsk]

That is very correct of you, bitcoin is far more better then cash. In bitcoins you have more currency than in cash.you can easily covert your bitcoins to cask any time you need then, but you can't convert your cash that is paper money to bitcoin the interest is so high.

[Shimmiry]

Bitcoin is best instead of cash but for everyday need we still need cash. So I think we both need them but put the majority of your funds at the bitcoin.

[South Park]

Yess we should definitely use bitcoin instead of cash as bitcoin is more safe and secure and not a trouble to carry anywhere and moreover it is a universal currency and is developing at a very fast rate and it doesn't depend on any publishers.

Nope, although Bitcoin community grow more in this year, but it still not enough for using purchase everything. You also know the price of Bitcoin increase everyday and transaction fees increase too. Purchase small order is impossible with Bitcoin in current.

Back in the day when bitcoin was less popular people used bitcoin for all their needs and even if it was very difficult they found it could be done, in a place like Japan where many business are accepting bitcoin I think it should be relatively easy to use bitcoin for all your needs.

[Yaramrd]

Before bitcoin I and many of my countrymen were unable to transfer, receive or buy things from other countries as there is no such (Paypal etc) facility available or you were have to use bank wire for which you have to wait for long time and pay huge fees. Now it is very easy to transfer/receive money with bitcoin without delay and with less fees. So for me Bitcoin is the best instead of cash.
   

[iluvpie60]

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.

Also, if the merchant was using bitpay for example, the fee for you to use your bitcoins and send to tem is lower than the fee for you to use a credit card.

Merchants accepting bitcoin get to keep more of the profit from a sale, and if they keep the bitcoin and store it they will have made even more.

[2taps]

Before bitcoin I and many of my countrymen were unable to transfer, receive or buy things from other countries as there is no such (Paypal etc) facility available or you were have to use bank wire for which you have to wait for long time and pay huge fees. Now it is very easy to transfer/receive money with bitcoin without delay and with less fees. So for me Bitcoin is the best instead of cash.
   

Well i think it is better to have cash because a lot of people dont want to sell their stuff for bitcoin,
because some dont know what it is, and others probably think you are scamming them.

[sheldonnnn]

For me, the crypto currency is much more convenient and more comfortable in use. It's fast and easy. I think that ordinary paper money is gradually becoming outdated. And a lot of stores in my city are already asking buyers not to pay with the cash.

[prtty2gal2]

Very precisely, Bitcoin more beneficial for all of us than we are to use the Bank for transactions carried out. However, more banks have a legal basis and will definitely get a guarantee on all the things we do. Unlike the bitcoin, bitcoin has no legal basis and also guarantee. But to the advantage I will use the bitcoin and after that Exchange bitcoin into fiat and after that used the bank so that my money is assured with good

I utterly agree with you in this regard that people are no longer treating bitcoins as currency. They are investing into bitcoins for secure and better future not because they need to make some faster international transactions. Bitcoins are really unstoppable and are going to increase in value in the future as well.

[South Park]

Very precisely, Bitcoin more beneficial for all of us than we are to use the Bank for transactions carried out. However, more banks have a legal basis and will definitely get a guarantee on all the things we do. Unlike the bitcoin, bitcoin has no legal basis and also guarantee. But to the advantage I will use the bitcoin and after that Exchange bitcoin into fiat and after that used the bank so that my money is assured with good

Since I into saving then btc will really be my choice. Having btc can be a great help for me in the future and having it can help us to save a lot in the future. Cash is merely for buying stiffs and liiving.

The greatest advantage that bitcoin has over cash is the rate of return, even if many people do not see it like that cash is an investment, if you are from Europe and you hold mostly euros then you are invested in euros but the problem is that cash is always losing value, cash is never going to go up in value since they keep printing it but bitcoin in the long term always goes up in value.

[Pasaway2701]

Bitcoin is a new currency and it can be purchase like fiat / cash also can be use for investation like gold. Bitcoin provide cheaper transaction fee and faster transaction but they also categorized as risky investation. (since their value are unpredictable)

since the value of bitcoin is changing low or high, it is better to use it in transaction and purchasing an item instead of cash. beside of its security, convenient to use, and more cheaper, bitcoin can be invest for long period of time and wait for high exchange so that can gain more profit from it. Using bitcoin because of a possibility that it will have high value in the future than the time they used to sell.

[freedomsr40]

Also cash in airport equals trouble, with bitcoin you can travel everywhere and the coin is always with you.

Not to mention that store cash at home in case of fire => disappeared; bitcoin: can be recovered as long as you have a copy properly stored.

[Monnt]

Very precisely, Bitcoin more beneficial for all of us than we are to use the Bank for transactions carried out. However, more banks have a legal basis and will definitely get a guarantee on all the things we do. Unlike the bitcoin, bitcoin has no legal basis and also guarantee. But to the advantage I will use the bitcoin and after that Exchange bitcoin into fiat and after that used the bank so that my money is assured with good

Since I into saving then btc will really be my choice. Having btc can be a great help for me in the future and having it can help us to save a lot in the future. Cash is merely for buying stiffs and liiving.

I am with you. I think and believe that we should use both type of currencies side by side whether it’s digital or paper money.

Both have their own pros and cons, so we can’t totally replace one with another. What if you need money but there is no electricity at that time and you can’t access your bitcoins.

[Gozie51]

Well...both have there pros and disadvantages. There are some transactions you can't do with bitcoin especially where it is an interface business sometimes and or when the receiver do not understand what bitcoin is all about, so you might be forced to make use of paper money.
Anyway ,people would prefer having bitcoin because of its financial value as priority.

[Silberman]

Cash is will not give anything you back if you hold them longer but bitcoin does rise in value over the years.

That’s cool and indeed smart strategy. I myself am in favor of trading. Trading though needs hard work and sound knowledge but those who get command over trading; they definitely earn more than others.
As far as fluctuations are concerned, they are mandatory for the survival of bitcoins and maintenance of their throne.

where can we get command over trading?

After all, now it's better to store bitcoins, because now we can use bitcoin to pay utility bills, buy certain items using bitcoin etc. so using bitcoin will be more practical and will save time to make payment because it can be done through online.

Look in youtube there were some good tutorials the last time I checked and after that the only way to learn is to practice, you can practice trading in two different ways, you can use a very small amount of money to trade and after you feel comfortable with the platform that you choose and you see good results you can begin to trade for real and another way is to just trade with pen and paper and not risk a single satoshi until you are a good trader.

[fishbonez11]

The first reason I became interested with using using bitcoin is how its value appreciates over time. When I store cash, I will see the same amount the next time I look into it; compared to bitcoin wallet where the value may be more than what I originally stored. Plus, I can store bitcoin in my wallet and have it password protected. I can access it through multiple devices which will come in handy if you lost your device or have a lot of gadgets. It is recently that I am learning that bitcoin transactions are also fast and easy. Sending and receiving money is now possible without those additional transaction fees and currency conversions.