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Author Topic: Why have Bitcoin instead of cash?  (Read 246100 times)
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September 13, 2017, 10:35:52 AM
 #2901

Because bitcoin is better than cash, by holding your cash for years you won't make as much money as by holding bitcoin. Bitcoin currently is the best investment to make good money. Bitcoin as someone rightly said is digital gold and there are more benefits and it's more profitable to have bitcoin than cash. It's because of these gains and benefits which people get by holding bitcoin that they are more inclined towards holding or having bitcoin than cash.

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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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September 13, 2017, 03:59:00 PM
 #2902

I want to have bitcoins rather than money yet since I don't have any vendor who acknowledges bitcoin, I need to convert it in money right now. I am essentially certain that in future we will be living in such a financial domain where there will be no money, each exchange will occur either in neighborhood cash or in cryptographic money however it will be digital.And yet it safe since you're far from lost .It alright to lose cellphone than cash. Be savvy .
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September 13, 2017, 04:04:00 PM
 #2903

against bills and coins, i think bitcoin has an edge when it comes to security just like everyone saying here since they can't steal it from you specially when you are outside your house. Not like in money is is susceptible from getting stolen from others just by using force.

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September 13, 2017, 04:20:03 PM
 #2904

why have bitcoin alternatively of cash. I dont feel i can consider this significant and thats only since there are to many people who thinks bitcoins are just for fun but they are really worth real money do dont think cash are worthless because the dont.
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September 13, 2017, 04:20:36 PM
 #2905

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

Very good point! This basically allows you to bring more than 10k in "cash" around the glob in your pocket without customs having a chance to find out.. Can potentially be problematic though, helping illegal transactions.
This is actually a good thing for Bitcoin in terms of transaction becasue most of people prefer to used currency which may give the freedom on transaction. And Bitcoin as a form of crypto-currency could possibly give that to people being a part of transaction withkut any track of identity or simply anonymous every transaction. Yet it likely to happened that there is a specific role in each transcript we could made.

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September 13, 2017, 04:40:08 PM
 #2906

You can pay safely with bitcoin. You can pay using mobile gadget without risk of losing or stealing your paper cash.

Bitcoin could grow and be an investment while holding it in online wallet.

Fast and free transaction than remittance center.

It can not be confiscated unlike when carrying valuable such as gold when travelling places.

It is an internet currency that can be use anywhere unlike paper needs to be converted before getting a payment in country to country for example having US dollar in england and you need to convert to london pound to make payments.
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September 13, 2017, 04:49:07 PM
 #2907

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

Thats pretty crazy, well it gibe an idea that bitcoin is better than cash, well yeah in the sense that you dont have to fill you wallets with paper money whenever you want to go outside if theres a available ATM machine then you can cash out your money that you work hard here in bitcoin, bitcoin is suitable for those countries who publicly accept bitcoin for transactions already.

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September 13, 2017, 04:57:37 PM
 #2908

because bitcoin is an easy asset for both short and long term investment. bitcoin is also easy and efficient in use to transact.
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September 13, 2017, 05:10:54 PM
 #2909

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.





Well i still prefer to have cash in my pocket and use bitcoin for big transactions where government and banks cannot interfere. There are multiple advantages of using bitcoin basically the convenience,security and transparency that makes transactions soft and easy.
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September 13, 2017, 05:16:25 PM
 #2910

Depending on how you look at it, cash fortunately or otherwise is still the number one choice for many, myself included.  However, my commitment and hope for Bitcoin is unwavering.  Personally, holding Bitcoin instead of case at this moment is simply logic.  If i kept $10 in the bank over the past 6 months, it wouldn't have gained a quarter of what $10 sats would have gained in the same period.  So i feel like i get more value from my Bitcoin than i do cash.
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September 13, 2017, 05:54:45 PM
 #2911

Because cash can not always meet what we want, even for now cash transactions are getting down and replaced with digital or credit card. Moreover, the more interesting bitcoin is owned because of the ever-increasing price.
Not only that cash can get very cumbersome if theres is an hyper inflation then the amount of cash you are going to need to pay for something will get ridiculous, in countries were that happen is not strange to have to move tens of pounds in cash just to pay for bread.

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September 13, 2017, 11:19:03 PM
 #2912

Another problem is in terms of its own economy, which makes Bitcoin and the like judged unsuitable to be currency. This is due to the fact that Bitcoin's supply is limited, in contrast to reprinted banknotes with serious observations by the central bank.
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September 13, 2017, 11:23:26 PM
 #2913

I would like to add the fact that bitcoin's price is ever changing whoch can give out advantages to other people especially those who are saving bitcoins. There is a chance that the current price of bitcoin will increase which is kind of a good thing because the pay that you'll be receiving will double in amount.

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September 14, 2017, 05:06:00 AM
 #2914

After read above most people choosing bitcoin instead cash
I dont know why, but in real life i prefer use cash
I cant buy any kind of goods or foods in my country using bitcoin, still better using cash in here. Dont know about another country, but i think according to the reply i read, maybe there are already offline store that accept bitcoin in their country
You maybe right that in the other country bitcoin is well recognized than in your place. Just like in m yesterday country bitcoin here anyhow was being familiar with most of the citizens here but not that popular as yet, also we have some merchants here who are bitcoin accepted already.
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September 14, 2017, 02:08:08 PM
 #2915

Because cash can not always meet what we want, even for now cash transactions are getting down and replaced with digital or credit card. Moreover, the more interesting bitcoin is owned because of the ever-increasing price.
It is true bitcoin is giving us a lot of opportunities and the cash cannot make you earn income. Bitcoin is decentralized and it is more secured it is easy to use and easy to convert so the most important that you can get the benefits from saving bitcoin for long time and then sell it at the most high price. But now the value of the cash is getting down and it cannot be use as an investment so bitcoin is better than cash for me. 

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September 14, 2017, 04:37:14 PM
 #2916

Depending on how you look at it, cash fortunately or otherwise is still the number one choice for many, myself included.  However, my commitment and hope for Bitcoin is unwavering.  Personally, holding Bitcoin instead of case at this moment is simply logic.  If i kept $10 in the bank over the past 6 months, it wouldn't have gained a quarter of what $10 sats would have gained in the same period.  So i feel like i get more value from my Bitcoin than i do cash.
Cash is still big in my country but I see a change in the past 10 years now a lot more people are paying with credit cards which is a bad idea since the interest rates are terrible and if you lose control of your spending habits you could end paying that debt for the rest of your life.

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...Next Generation Crypto Casino...
Lecam
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September 14, 2017, 05:09:22 PM
 #2917

It's because bitcoin price is very volatile, it changes in many ways, it can drop and recover in just a few hours. A lot of people earned a lot of money because of it's volatility. Another things is that bitcoin is decentralized. Government doesn't have control over it, so there's no tax. Transactions are easy with bitcoin compared with fiat money.
Oggy Pogi
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September 14, 2017, 06:11:32 PM
 #2918

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

Very good point! This basically allows you to bring more than 10k in "cash" around the glob in your pocket without customs having a chance to find out.. Can potentially be problematic though, helping illegal transactions.

True, and bitcoin is was very accessible than cash , you must to bring your smartphone since bitcoin wallet was installed there which you can use for buying things that you want, paying a restaurant and riding in taxi I think all of these may be implemented soon .

ReLieD
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September 14, 2017, 07:14:22 PM
 #2919

I would completely resist this idea of keeping Bitcoin instead of cash . Bitcoin should not be used as a mode to make transactions , it should just be used as an investment . The prices of Bitcoin fluctuate alot making it a bad currency but a good investment . Also I have seen people using Bitcoins vigorously as soon as they earn without even checking it's actual value. Some people don't understand that if they hold for few days then they can actually make more profits comparatively just as the price of Bitcoin increases.

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fearcoka
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September 14, 2017, 07:58:12 PM
 #2920

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

Very good point! This basically allows you to bring more than 10k in "cash" around the glob in your pocket without customs having a chance to find out.. Can potentially be problematic though, helping illegal transactions.

True, and bitcoin is was very accessible than cash , you must to bring your smartphone since bitcoin wallet was installed there which you can use for buying things that you want, paying a restaurant and riding in taxi I think all of these may be implemented soon .
You have to remember when you create a transaction hash, you need to wait a time for confirm your transaction if do not want to receive double spending! If you want to replace paper money, let's use visa or mastercard, it is instantly and faster than Bitcoin.

Just Nao Tomori and Bitcoin ( ͡° ͜ʖ ͡°)
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