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Author Topic: Why have Bitcoin instead of cash?  (Read 246120 times)
sayulita
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January 07, 2018, 04:51:37 PM
 #3341

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.
Bitcoin today is the leading cryptocurrency and it is the easiest method to earn money in a short period of time
Bitcoin's value is very volatile and it keeps on increasing or decreasing day to day.The investors have a lot of profit in investing in Bitcoin.On the other hand,cash is very stable and it also does not give any profit.Since no taxes can be applied on it full profits are received by the users.To store your Bitcoins you just need to have a bitcoin wallet and nothing else.You can carry any amount of Bitcoins in your wallet but it is not possible with the cash as you can only carrier certain amount of cash in your wallet.

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MuffinMaster
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January 07, 2018, 05:00:14 PM
 #3342

What's more it is dependend on you and you just secure and decide what you really want to do with it and it is available 24/7/365 that is why it is getting so popular nowadays.

kateryana81
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January 09, 2018, 06:33:01 AM
 #3343

Because bitcoin is a asset. Assets are the ones who give you profit. Acquiring more assets will give you more profit with less effort. Unlike fiat money or cash, its not an asset that can give profit but you can use it to acquire assets.
My opinion may clashes with yours because I think one must possess digital currencies as well paper money for the time being. Both have their own usage and one cannot take place rather perform functions of other. Having both of them will help the holder to increase his capital and do micro-payments. It is upto individual that how much he is willing to spend in bitcoin and how much he will keep for other purposes.
tikong
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January 09, 2018, 06:41:39 AM
 #3344

Mostly people are keeping bitcoin in their wallet in place of to cash it and i think the main reason behind it is that bitcoin price is varying and mostly price of bitcoin is increasing due to increasing of customers of bitcoin so if you have a bitcoin in your wallet and price of bitcoin is increased then your bitcoin will also increased and in this way your BTC is keep safe and increased with out any work done by you.
Maddinson100
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January 09, 2018, 08:06:27 AM
 #3345

When it becomes legal to most of the countries, bitcoin can be used for an easier transaction to anyone, in many places around the world. Also, unlike in cash, it can increase in value even without doing anything. It is also safer because your 'wallet' would be difficult to hack.
Actually I think everything have some merits and demerits. Like cash, there are so much advantages for them but surely some loophole are there too that are being fixed by bitcoins. I don’t go for one thing out of these two. Reason is these two have some better things in them so you can’t deny the merits of one thing and prefer it over the other. Both are important and vital.
HV3S
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January 09, 2018, 09:01:43 AM
 #3346

Whatever that can be traded with bitcoin than can be paid thru cash I prefer to use bitcoin because you can do the transaction online by doing the payments on your high technology gadgets.

For cash basis making a manual transaction would be taking more time and a lot of documentation.  Grin
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January 10, 2018, 08:14:40 AM
 #3347

Mostly people are keeping bitcoin in their wallet in place of to cash it and i think the main reason behind it is that bitcoin price is varying and mostly price of bitcoin is increasing due to increasing of customers of bitcoin so if you have a bitcoin in your wallet and price of bitcoin is increased then your bitcoin will also increased and in this way your BTC is keep safe and increased with out any work done by you.
My own reasons for keeping Bitcoin are- (1) the price is volatile, and fluctuates most of the times. If you invest your money into bitcoin, you will be able to earn money without working for it. Good thing is that Bitcoin has been going upwards since last year. Another reason is that it helps me to send money to some of my friends that are living abroad. I don’t have to go to bank before doing anything.
RakerAj
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January 10, 2018, 09:26:31 AM
 #3348

Bitcoin is more secure than having your money with you, carriying a large amount of money gives too much discomfort to the owner because you're vulnerable and anything wrong could happen while carrying cash.
IsabellaSophia
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January 10, 2018, 09:54:20 AM
 #3349

Cause you can account to where your money went.

Cause you can have a ledger that records everything.

Cause you’re promise of value isn’t just another promise but is indeed value
Clifmeister
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January 10, 2018, 09:56:28 AM
 #3350

Bitcoin's price changes and can increase by 10% or more within a few weeks. Fiat exchange fluctuation is not so much as it is regulated. There's a risk in holding Bitcoin, but it's worth it imo.
Skuylaruy
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January 10, 2018, 11:47:32 AM
 #3351

At some point bitcont is more convenient since it is global currency...
Yes more security, money in your fingertips...
Requim
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January 10, 2018, 12:30:45 PM
 #3352

For one thing bitcoin is so volatile that it could potentially make anyone richer. The only problem is, people tend to indulge in cryptocurrency activities such as trading or mining without fully understanding the necessary information. I recommend https://daneel.io/ which can assist and help when it comes to involvement to any bitcoin activities.
BlackBoxRecords
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January 10, 2018, 12:58:52 PM
 #3353

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.

To be honest, most people hold Bitcoin for investment and to trade for alts. Bitcoin is not even near mainstream adoption and part of that is due to the miners greed and ridiculous fees.

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January 10, 2018, 01:05:18 PM
 #3354

I think for why you should have bitcoin instead of cash is because it is more better way to increase money while you still holding it and I think it has more benefits to earn more money than using it in cash.
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January 10, 2018, 01:24:16 PM
 #3355

there are advantages bitcoin over cash for those people with no access in the bank, If you have internet access bitcoin is more easy to use and more convenient, It allows them to pay others easier than bank transfer and credit cards for transactions which isn't face to face. and going to bank is time consuming and you need to show your Identification card in order to transact.
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January 10, 2018, 01:45:35 PM
 #3356

Privacy is one of the advantage of bitcoin. Now the bank knows what you did, how much you did it with, where it's going and who is picking it up. If you are sending high value of money then you are hesitant that it might be there is a rubber out there. and you may expose your identity. So it’s inconvenient, costly, and time consuming. A many threat! With Bitcoin, you can send any amount to someone’s QR code or address and pay about small fee.
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January 10, 2018, 01:52:13 PM
 #3357

That's definitely true. It gives more advantages to have bitcoin instead of cash. And I think the biggest reason of having bitcoin is it's decentralised which means we can manage and monitor our own money. Simply,  we become our own bank. No one can authorize it.
Zooplus
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January 11, 2018, 04:54:44 AM
 #3358

That's definitely true. It gives more advantages to have bitcoin instead of cash. And I think the biggest reason of having bitcoin is it's decentralised which means we can manage and monitor our own money. Simply,  we become our own bank. No one can authorize it.

Decentralization will be the future and it's not only bitcoin but altcoins as well, we have a very strong market and innovative product has been invented
to help cater the needs of the people. Cash will still be useful but bitcoin is here to change the traditional system and we have already benefited and satisfied with the system of bitcoin.
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January 11, 2018, 05:01:20 AM
 #3359

When Ive thoroughly search bitcoin I have gain more knowledge on how each one of us can earn money over online. I choose bitcoin instead cash because of the price increases and its use rather opportunity can have.
Kodok Bencot
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January 11, 2018, 06:35:41 AM
 #3360

If we compare with cash, of course many different things from bitcoin, the example is the bitcoin value that keeps rising, making bitcoin holders get big profit so prefer bitcoin than cash.
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