Why have Bitcoin instead of cash?

[engga zenia]

because bitcoin has advantages over cash, bitcoin applies globally while cash is only in one country, and also bitcoin gives ease in transactions, bitcoin always rises

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[waynechong1995]

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 no.2 is the major factor choosing BTC over cash, you can arguably say that fiat is also associated with digital payment as well (satisfying other 1,3,4 point if needed), but BTC could make us rich in the period of owning them, at least for the upcoming years.

[Flodemaga]

Cash does have a lot limitations and the earnings wont go above 5-6% year, while at bitcoin it can get those interest into 1 day, bitcoin potencial is very huge compared to fiat, thats why crypto is getting much more attention now dues to bitcoin amazing results on the last two years.

[albertvert]

Cash does have a lot limitations and the earnings wont go above 5-6% year, while at bitcoin it can get those interest into 1 day, bitcoin potencial is very huge compared to fiat, thats why crypto is getting much more attention now dues to bitcoin amazing results on the last two years.

Some what correct buddy. The price of dollars is same to the goods.If the year passed for the single commodity you must pay more dollar. But if you inverse in bitcoin means, your money will keep on increasing day to day.Even hours to hour.You will get double or triple of money you inverse in bitcoin.

[South Park]

bitcoins has more security than cash why? cash can steal in you anytime bitcoin can steal in you without private keys or passwords so i will have bitcoins instead of cash because of that.

I found this very weird. Cash cannot be stolen if you put it into your bank account. Bitcoin can be stored in secured wallets. No one can guarantee that blockchain will never be hacked or banks will never have crysis. Both is possible.

Credit card fraud is rampant, those that use credit cards or debit cards get their cards cloned all the time, a friend of mine had his cards been cloned 10 times, and yet he refuses to use cash, bitcoin does not have that problem if you take some easy to follow measures the chance of losing your coins is close to zero.

[ahmad21]

Bitcoin has a list of advantages over hard cash.
1.Starting from the fact that bitcoin's value is increasing over time due to its limited supply. While cash being a fiat has limitless supply therefore its value is decreasing over time.
2. Bitcoin is much more safer and easier to store than storing cash somewhere.
3. Bitcoin can be easily sent over to anyone around the world. Something like that is certainly very difficult for cash.
4. Bitcoin is a uniformily accepted means of payment throught world while cash would work in your own country.

These things makes bitcoin a better thing to trade and keep.

[Baby Dragon]

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. They use bitcoin instead of cash because it can accepted in all kind transaction even it is online and offline. You can also recover your money if you lose your wallet and I agree that bitcoin are a potential investment because investing in bitcoin can really help you to make more income.

[Grapt1961]

Its greater to have a little cash on your hand, and not all bitcoin. Below in our nation its difficult to income out your bitcoin. You need to put it very first in the bank before you income out

[bncbnc]

Its greater to have a little cash on your hand, and not all bitcoin. Below in our nation its difficult to income out your bitcoin. You need to put it very first in the bank before you income out

yes that is right that still we cannot depend on bitcoin for everything, therefore it is necessary to have some cash in hand so as to use when wee become unable to use bitcoin for purchasing something. i think bitcoin is better than cash for so many reason, as we can see that bitcoin is more easy to use both for online as well as for online purposes without changing it into any other currency. therefore bitcoin is better that cash.

[Rinder]

Cash does have a lot limitations and the earnings wont go above 5-6% year, while at bitcoin it can get those interest into 1 day, bitcoin potencial is very huge compared to fiat, thats why crypto is getting much more attention now dues to bitcoin amazing results on the last two years.

[mickeybuddy27]

Its greater to have a little cash on your hand, and not all bitcoin. Below in our nation its difficult to income out your bitcoin. You need to put it very first in the bank before you income out

yes that is right that still we cannot depend on bitcoin for everything, therefore it is necessary to have some cash in hand so as to use when wee become unable to use bitcoin for purchasing something. i think bitcoin is better than cash for so many reason, as we can see that bitcoin is more easy to use both for online as well as for online purposes without changing it into any other currency. therefore bitcoin is better that cash.

That is right. We need to have cash on our hand for everyday because the price of bitcoin is pumping up and down. It is better to convert an amount into fiat when the exchange is high that can be used for buying everyday living rather than using bitcoin everyday. In other way, it is better to use bitcoin on buying online expenditures because some transaction do not need to convert it into fiat because they accept the currency and also it is faster and more convenient.

[resty]

Very good points. I'd like to add:

5) Banks can't steal it from you. You may think they can't steal cash either; that's not true. With central banks printing money by the hundreds of billions, and commercial banks creating money as debt like there's no tomorrow, they're effectively lowering the relative worth of your money in their advantage. Remember: stealing 5% off your deposit, or increasing the total money supply by 5% by creating it out of thin air, has essentially the same effect.

i think bitcoin is probably make easy much more saving money instead of cash, because  this is unstable currency, sometimes  getting higher, and also sometimes it's become lower value of money. but,  the more you have many bitcoin in your wallet the currency in your life is also  to become higher and much more better

[Lumada]

Very good points. I'd like to add:

5) Banks can't steal it from you. You may think they can't steal cash either; that's not true. With central banks printing money by the hundreds of billions, and commercial banks creating money as debt like there's no tomorrow, they're effectively lowering the relative worth of your money in their advantage. Remember: stealing 5% off your deposit, or increasing the total money supply by 5% by creating it out of thin air, has essentially the same effect.

i think bitcoin is probably make easy much more saving money instead of cash, because  this is unstable currency, sometimes  getting higher, and also sometimes it's become lower value of money. but,  the more you have many bitcoin in your wallet the currency in your life is also  to become higher and much more better

in saving purposes, i really recommend having btc. Having btc now can be a great achievement to those who wanted to save a lot in the future. Aswe see btc value now falling , why not buy some that having cash that's too hard to aave aince always prone for spending.

[Adioliver]

Why have Bitcoins instead of cash?!
Indeed a good question.There are many reasons,one of them is that it's really secure.You can do transactions at a click of your finger.
But I would say that why trade them for cash when you can invest them.
Bitcoin's value always hikes so my advice would be to think ahead for your future and invest all the bitcoins that you earn so that you have no regrets in the future that you spend all the bitcoins for nothing.
So invest your bitcoins for something better.One never knows what happens in the future and all of a sudden u need cash,that's the time when you should trade bitcoin s for cash.

[Kasabus]

Very good points. I'd like to add:

5) Banks can't steal it from you. You may think they can't steal cash either; that's not true. With central banks printing money by the hundreds of billions, and commercial banks creating money as debt like there's no tomorrow, they're effectively lowering the relative worth of your money in their advantage. Remember: stealing 5% off your deposit, or increasing the total money supply by 5% by creating it out of thin air, has essentially the same effect.

i think bitcoin is probably make easy much more saving money instead of cash, because  this is unstable currency, sometimes  getting higher, and also sometimes it's become lower value of money. but,  the more you have many bitcoin in your wallet the currency in your life is also  to become higher and much more better

in saving purposes, i really recommend having btc. Having btc now can be a great achievement to those who wanted to save a lot in the future. Aswe see btc value now falling , why not buy some that having cash that's too hard to aave aince always prone for spending.

That is not saving purposes for me if we are talking of bitcoin because I have may saving in the bank and put my money in bitcoin to invest.
Understanding the difference is important as we do not easily make money by investing alone, in fact there is no guarantee of success.

[Zooplus]

Cash does have a lot limitations and the earnings wont go above 5-6% year, while at bitcoin it can get those interest into 1 day, bitcoin potencial is very huge compared to fiat, thats why crypto is getting much more attention now dues to bitcoin amazing results on the last two years.

Cash does not give you earning because it's not an investment, bitcoin does because it has a limited supply and we can hold it
and wait for the right time that the price will rise. Maybe we have to know the difference of investment and savings, if we have both cash
and bitcoin and we save it, they will have an opposite results because bitcoin will appreciate.

[denny27]

Bitcoin just as a new breakthrough to get cash, or can be said as an intermediary to get cash. Because bitcoin has its processes for cash, such as how to earning it, sending, transacting and then on making cash / local currencys. The value of the fluctuating bitcoin gives an opportunity to invest with bitcoin, and then selling it again to get cash.

[Sled]

Right now there is no reason to change anything through a complete replacement, and that is fine. There are still many things to work out and that cash thing has some irrational hold on some people, whatever the reason. Let the transition take its time and let the system work the way it is supposed to. It takes time, but the end result is worth the wait.

You must reconsider it that bitcoin is not cash. So you can be robbed or something and that is very safe for everyone because you can’t steal it and that is good. I hope that more people will use Bitcoin and that Bitcoin will also be more worth so that it will also be more popular.

Even though bitcoin is not a cash or physical money then you can still get robbed by the hackers or the cyber criminals because if you are not careful with your actions in the internet then you can get easily robbed by the professional hackers because it is easy for them to hack and get something from a person that is not careful with his stuffs.

[ongels]

There are some characteristics of bitcoin that we can't find in cash in terms of security cash could easily robbed, imitate production of fake bills, easily torn and scratch and the value are stable however when it comes to bitcoins it is highly encrypted,productions are limited, very efficient to use especially in transferring process at distant locations, and its value are fluctuating in a short span of time.

[Shutup]

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.

Bitcoin is better than cash because cash has same value not going up or down.Whle bitcoin is volatile anyone having bitcoin is lucky to sell it in a very high price.Bitcoin now us very expensive it very exciting to save now.