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Author Topic: Why have Bitcoin instead of cash?  (Read 246109 times)
Tiger Junk
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January 07, 2018, 10:51:24 AM
 #3321

unfortunately this is not real yet, bitcoin is not adapted to be used in everyday life

We should have bitcoin instead of cash because bitcoin can help us to have many cash or money in the future why? Because bitcoins value or price is we will get to rise or to pump more in this yeat 2018 and holdng many bitcoin instead of cash can help a particular person to have a lot of money.

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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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January 07, 2018, 11:06:46 AM
 #3322

The are so many reasons why choose bitcoin instead of cash and I will highlight some of them below.
1 bitcoin is a potential investment in the sense that when you leave your bitcoin for a long period of time it tend to increase in interest and make profit on you initial capital.
2: and secondly bitcoin has high security most especially when you are careful but cash can be stolen in so many ways either by scam or robbery.
3: bitcoin can be use to carry out transactions all over the world but cash is limited to only it country of origin.
So bitcoin has so many features that cash don't have.
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January 07, 2018, 11:07:19 AM
 #3323

I have bitcoin because it is more practical than cash, many things that I feel the benefits of bitcoin and the most important thing is money can increase faster while the cash value is not changed.
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January 07, 2018, 11:31:29 AM
 #3324

I think bitcoin is more secure and convenient than cash, but people must have the basics of computers, the Internet, viruses, Trojan horses and malware. If someone trained on the security of bitcoin wallets, stealing their COINS would become more difficult... Bitcoin will be very safe!
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January 07, 2018, 12:12:13 PM
 #3325

Having bitcoin is like owning a property, because when you hold it for long term, it will surely increase its value into twice or trice, depends based on its demand, its unpredictable,  Wink
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January 07, 2018, 12:15:59 PM
 #3326

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.
I want and i choose bitcoin since bitcoin can do anything and it has the potencial to make  anything possibly to done. Thats what also done in cash.but bitcoinnis better than cash so because you can do anything without limmitation and you can used bitcoin in any where else in the world than cash because it is only just for one country. When in terms of investing bitcoin is also the most good thing to invest.
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January 07, 2018, 12:27:02 PM
 #3327

Due to the increasing demand of bitcoin, most people will already be using it instead of cash in some transactions. One reason is because it is easier and cheaper to use. Also, it is safer because it is a peer-to-peer transaction.
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January 07, 2018, 12:44:26 PM
 #3328

As all we know, bitcoin seems to act like a gold for just one bitcoin cost a lot when it will be converted into peso. That's is why most who knew this industry would prefer bitcoin than in cash. With that, they to take bitcoin more seriously since it's more easier for them to work on with it than doing manual work in the office.

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January 07, 2018, 01:13:29 PM
 #3329

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).
No. I think it has less security than money. When its gone it is completely gone. Since no one holds it and you can't have it physically so, you can't save it once its gone. Or you have sent it to a different address.
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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.
I agree with this. Bitcoin is a potential investment as much as cash would. But not necessarily that the cash value is declining. It does not, in fact it is increasing but slower than bitcoin does.
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3) Fast, worldwide transactions at your fingertips.
Yes but not all the shops accept it so, it sometimes feel more like a hassle. Though I like the fast transaction in a fingertip.

I like it more than cash because it is more convenient and it will be more of use if only there will be a lot of shops that will accept soon.

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January 07, 2018, 01:30:57 PM
 #3330

unfortunately this is not real yet, bitcoin is not adapted to be used in everyday life

That was really a nice question and my answer for that is we should have bitcoin instead of cash because the value or the price of bitcoin is we will rise or we will pump very high in this year 2018 and that is the advantage of choosing over cash, the cash value is we will not pump unlike on bitcoins value.

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January 07, 2018, 01:43:03 PM
 #3331

Having bitcoin is like owning a property, because when you hold it for long term, it will surely increase its value into twice or trice, depends based on its demand, its unpredictable,  Wink

Well to make it short, it is an asset, something you hold on that will give you good profit in the near future. Cash is a stable currency and that is not changing that quick every single minute unlike digital currency. Though these digital currencies hold great risks that can give you big losses in the future, but I think even before you get in in this, you know the big risks you will be facing.
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January 07, 2018, 01:56:09 PM
 #3332

Having bitcoin is like owning a property, because when you hold it for long term, it will surely increase its value into twice or trice, depends based on its demand, its unpredictable,  Wink

Well to make it short, it is an asset, something you hold on that will give you good profit in the near future. Cash is a stable currency and that is not changing that quick every single minute unlike digital currency. Though these digital currencies hold great risks that can give you big losses in the future, but I think even before you get in in this, you know the big risks you will be facing.
Good, Indeed cash is stable money and holding cash is not profitable and also not secure while also bitcoin is unstable money and holding BTC can give you profit with addition with this transaction with BTC is easy and fast while also secure more while delivery of cash is risky and long time process.
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January 07, 2018, 01:57:19 PM
 #3333

As all we know,  seems to act like a gold for just one  cost a lot when it will be converted into peso. That's is why most who knew this industry would prefer  than in cash. With that, they to take  more seriously since it's more easier for them to work on with it than doing manual work in the office.
Because We can transfer to anywhere in the world very easily and very fast than other transaction medium.  adaption is ongoing I guess mostly with in a year most of online shopping site will accept s. one of the major function of it is that it is increasing day by day which is also really helpful. If that happens It big change in  revolution.
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January 07, 2018, 02:06:18 PM
 #3334

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.
so true. bitcoin can also be called digital currency that is universal. so we can do a variety of transactions using bitcoin easily around the world, and even then if the place received bitcoin as a legal means of payment
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January 07, 2018, 02:12:13 PM
 #3335

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.
Basically, bitcoin is free to carry everywhere in the world without anybody ever noticing you even have the bitcoins on you on your wallet. Bitcoin market is open 24/7, 365 days a year, the market is selling day in, day out. Bitcoin gives more freedom to the people because it puts people in control of their money.
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January 07, 2018, 02:29:01 PM
 #3336

Bitcoin is a digital currency that tends to increase in value and price over a period of time compared to cash that does not increase in price. Bitcoin is accepted by many countries and organisations , this  help in online transactions which cash cannot be used for it.Bitcoin can also be use for trading and others which can cannot be used, and that is why I prefer Bitcoin to Cash.

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January 07, 2018, 02:43:38 PM
 #3337

Bitcoin is a digital currency that tends to increase in value and price over a period of time compared to cash that does not increase in price. Bitcoin is accepted by many countries and organisations , this  help in online transactions which cash cannot be used for it.Bitcoin can also be use for trading and others which can cannot be used, and that is why I prefer Bitcoin to Cash.



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Bitcoin is a digital currency that tends to increase in value and price over a period of time compared to cash that does not increase in price.
no that is not true. the value of cash or any other local currency like dollar can also increase but not as much as high like bitcoin.


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Bitcoin is accepted by many countries and organisations , this  help in online transactions which cash cannot be used for it
cash can also be accepted in many countries and it can also be used in online via depositing them thru online payment method or using a credit/debit card.

Quote
Bitcoin can also be use for trading and others which can cannot be used, and that is why I prefer Bitcoin to Cash.
cash can also be used in trading or any other thing.



overall i love bitcoin but i still prefer to use cash becuase it is much easier and can be used anywhere whenever or wherever in any ages with or without internet. bitcoin is only good for online purpose and for business related stuffs or income oppurtunities.
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January 07, 2018, 04:01:02 PM
 #3338

yes because bitcoin is a global currency, unlike cash that can not be in some countries. Bitcoin is also electric money, can make us invest a lot of people think bitcoin is digital gold so cause it makes us want to invest.  Smiley
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January 07, 2018, 04:07:14 PM
 #3339

yes because bitcoin is a global currency, unlike cash that can not be in some countries. Bitcoin is also electric money, can make us invest a lot of people think bitcoin is digital gold so cause it makes us want to invest.  Smiley
bitcoin can indeed be used all over the world with our own ease of feature set up without any interference of others, bitcoin is a unique virtual currency.
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January 07, 2018, 04:18:55 PM
 #3340

When you are holding a bitcoin there's a tendency that you will get profited on it. But if you are holding a real money do you think it increases the value of your money? No right? In bitcoin you just need to wait of its value to increase before you convert. While in money you are just holding it and you are waiting for nothing.
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