Why have Bitcoin instead of cash?

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Having a cash in real world is a life risk..Yes,, you read it right.. Have you heard about kidnapped for ransom, holdups and snatching.. Then,, have you heard for a bitcoiners being killed or out in danger because of bitcoin.. None,, right. But money in a bank and because of syndicate employees working your credentials and private information might be compromised.. That’s the truth..

But not at all. It really happens sometimes because they are part of our society. All we have to do is always be aware and keep our money safe and secured. Its not your fault if you would face that such incidents, governments and other organizations should take action on those cases. So its not a mistake for having a cash or if we still prefer to use cash than bitcoin.

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[KingOfWinterfell01]

Totally agree with all 4 of these points. But what really stands out for me is that its not controlled by any country, therefore it is indeed flexible. It becomes universal. Imagine that you can pay for everything without having to worry about the exchange rates of most countries. Everything will be valued equal with bitcoins. Plus, it is less hassle. You just have to bring 1 wallet.

[craZyLovE0916]

Bitcoin is more secure than cash. You can't just up and mug someone to steal their Bitcoin, because you still need their password, 2FA, and private keys.

[Kingofbitcoin12345]

Having a cash in real world is a life risk..Yes,, you read it right.. Have you heard about kidnapped for ransom, holdups and snatching.. Then,, have you heard for a bitcoiners being killed or out in danger because of bitcoin.. None,, right. But money in a bank and because of syndicate employees working your credentials and private information might be compromised.. That’s the truth..

But not at all. It really happens sometimes because they are part of our society. All we have to do is always be aware and keep our money safe and secured. Its not your fault if you would face that such incidents, governments and other organizations should take action on those cases. So its not a mistake for having a cash or if we still prefer to use cash than bitcoin.

Yup,, you have a point.. But think of it,, if you are using bitcoin.. You can do things at home without no problem at all (maybe depend on what country and wallet your using).. How we can keep our money safe on bank,, have you heard a bank manager stealing from bank accounts,, have you heard a bank employee/teller who sold personal information to criminal minded people for money.. Yes it exist,, I don’t say it is our mistake but we can avoided it when we’re using bitcoin instead..

[Valzzz005]

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.

This is just my opinion, my perspective, for me having bitcoins is an advantage because bitcoins bitcoins value are not stable as the real money or cash. Because you can both have a cash and an investment. But on the other hand, there are also disadvantage of it because sometimes the value drops so as your money, but the pump is more dominant than drop so it is a good thing. If you have a lot of money, after a year the value will always be the same, but if you have a lot of bitcoins after a year the value of it will change it can be worth millions.

[oegarod]

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.

This is just my opinion, my perspective, for me having bitcoins is an advantage because bitcoins bitcoins value are not stable as the real money or cash. Because you can both have a cash and an investment. But on the other hand, there are also disadvantage of it because sometimes the value drops so as your money, but the pump is more dominant than drop so it is a good thing. If you have a lot of money, after a year the value will always be the same, but if you have a lot of bitcoins after a year the value of it will change it can be worth millions.

The growth has been indicated in the above quote with a description. Majority of the users have the same thinking and just focusing on the growth people prefer to keep hold in terms of bitcoin, as the value invested at present will gets multiplied which is no longer possible with real cash.

[MineMax]

Bitcoins is easy to use, it allows you preserve monitor simply of your disbursements and receipts as it can be witnessed in the general public ledger, it also presents us the prospect to commit whilst using it and may revenue in the long term if we had been ready to control our bitcoins.

[PacePay]

Those advantages of bitcoin are the real reasons why we should have bitcoin. Bitcoin also possesses anonymity and anonymity in the web is power. This is another advantage of bitcoin that many people are interested in.

If we make a comparison between keeping of bitcoin and keeping of cash, then I believe the only one point will clear all our doubts and that point is bitcoin can help you earn much more cash than your actual cash. On the other hand, just paper cash cannot help you earn anything especially when you are just keep it.

[plaintiff77]

Totally agree with all 4 of these points. But what really stands out for me is that its not controlled by any country, therefore it is indeed flexible. It becomes universal. Imagine that you can pay for everything without having to worry about the exchange rates of most countries. Everything will be valued equal with bitcoins. Plus, it is less hassle. You just have to bring 1 wallet.

right, it is easier to access or to transact eveything if bitcoin would be used. its much convenient if you buy something using bitcoin. you dont need to bring bulky paper money or heavy coins instead you just have your wallet on your phone handy and everyhing would be very accesible

[francesyrus]

I think Bitcoin is more secure than cash. Bitcoin users have full control of the transaction. Bitcoin payments can be made without personal information tied to the transaction. This offers strong protection against identity theft. Bitcoin users can also protect their money with backup and encryption. When traveling it is more safer if you have bitcoins with you than cash.

[LordDisick]

Those advantages of bitcoin are the real reasons why we should have bitcoin. Bitcoin also possesses anonymity and anonymity in the web is power. This is another advantage of bitcoin that many people are interested in.

If we make a comparison between keeping of bitcoin and keeping of cash, then I believe the only one point will clear all our doubts and that point is bitcoin can help you earn much more cash than your actual cash. On the other hand, just paper cash cannot help you earn anything especially when you are just keep it.

Yes that is true,the good features of having bitcoin is you can grow the value and gain some profits from it unlike cash or fiat. But the best thing of having bitcoin is you don't have to bring a physical wallet with you,it will save yourself from robbers and snatchers unlike bitcoin all you have to do is use the internet and just click. And your wallet is protected by password so even though you lost your electronics they can't still unlock your wallet.

[dart vader]

There are many reasons due to which we can choose Bitcoin  over cash.The first reason can be the cheap and fast online transactions that Bitcoin provide us.The other reason can be the ease to access it .Bitcoin provides us with profitable investements in a very short period of time.It can be used as a way of side income. The transactions through Bitcoin are anonymous and due to its decentralized nature no third party can identify or track the transactions we make .These are some other features due to which Bitcoin can be preffered over cash.

[valentine401]

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.

In my own opinion bitcoin does not have that good security since there is a lot of news that wallets are being hacked. But yes transactions are so fast since it is an online currency but i think that people are interested in bitcoin because it was easier to earn instead of earning money in real cash.

[Nerman]

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.

In my own opinion bitcoin does not have that good security since there is a lot of news that wallets are being hacked. But yes transactions are so fast since it is an online currency but i think that people are interested in bitcoin because it was easier to earn instead of earning money in real cash.

If you wallets are being hacked it does not mean Bitcoin is not secured it simply means that your wallet is not secured. You can be hacked by simply using a public Wi-Fi. Best wallet are the hardware wallets.

For the topic as of now I do not see Bitcoin will replace cash but the reason why i am buying Bitcoin because we all know that bitcoins price will go higher and higher. Although I use it for trading I will also hold not just Bitcoin but my few other altcoins. This is an investment and investing in cryptocurrency is the best investment i have done.

[Hexah]

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, thats a good point to explain what really bitcoin is and how bitcoin is good instead of cash. There are many advantages of bitcoin and far more than that is that it is user friendly to manage this kind of currency. And one more thing is that in bitcoin you will gain financial freedom because even you are a student, no work yet and only in your house and you know how to earn some of it, it could really be a big help and for not to be dependent to anyone else.

[Coultan]

For me it is the sending charge. Why pay more in a cash transfer organization like western union and other people like that if you can do it through bitcoin. So simple for me and faster. My relative just want to go to the lender I send out them the account amount and pin. Then, they just withdraw it like an atm. I saved time and I saved funds.

[artyo]

If you will inquire why i have bitcoins alternatively of genuine money there are several response i can give to you.Initial is i cant squander bitcoins in every day lifestyle,because when i have my funds personal savings on my hand or wallet one factor is confident i will expended it on numerous factors and my income will be gone.I use bitcoins lead to it can enable my money develop and greater stability than possessing physical cash

[Malaya]

As we know, Bitcoin is like an invisible gold in general. People would want to use Bitcoin instead of cash for the reasons of this can be used as an investment. It is fast and can be transacted worldwide without adding much costs like in the bank. Security is also good reason because you can hold it well like what the banks are doing with your resources. That's it for now.

[Pivo]

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.

The freedom from those banks is truly one of the thing that keeps me choosing Bitcoin over cash. Thru Bitcoin, we are in c9ntrol over our financial assets without the need of any third party which is great in my opinion.

[Maslate]

As we know, Bitcoin is like an invisible gold in general. People would want to use Bitcoin instead of cash for the reasons of this can be used as an investment. It is fast and can be transacted worldwide without adding much costs like in the bank. Security is also good reason because you can hold it well like what the banks are doing with your resources. That's it for now.

Investing is only for few people, majority will just play safe and will only stick with cash.
When they can use cash and no problem at all then why would they shift to using bitcoin, that is the logic, so we cannot really eliminate cash
just because bitcoin is getting popular.