technology2015
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December 21, 2015, 01:21:51 AM |
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it is mean is same if you can take your money with bitcoin you can change it money too it is same
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n2004al
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December 21, 2015, 06:33:44 AM |
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The price of bitcoin is regularly fluctuating, so you might get $100 worth of bitcoins now, $50 or $200 worth of bitcoins tomorrow, who knows? So, do you prefer a currency that is more stable, like cash (USD, EUR...), or do you treat bitcoins as a currency, for investment to let it grow? State why you prefer your option. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) The most simple thing which can be do is to diversifying. Some money in cash (normally the amount needed to be spent and some other as a reserve for unforeseen situations) and the other one in bitcoin in order to be ready for the big day when the price of bitcoin will be 10 000 us dollar each. If are not enough money to realize the above told then must invent choices. Everyone has theirs. Me will have mine. Depending form the money which will have, the needs, and the other possible factors which must be made in consideration (if any) will make my decision. But always will want to diversifying if it will be even the most little possibility to do this.
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avw1982
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December 21, 2015, 06:46:01 AM |
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depend on the situation and condition, if in the real life i'd prefer using cash, and bitcoin for online transaction, im using them because of their advantages not because their name
Now the situation and condition We are seeing But in future All the payments and transaction gonna be through only bitcoins as international standard. This prediction according to predictors in bitcoin. Even I am waiting bitcoin to reduce the fiat money system in future Businesses of the world.
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Supercrypt
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December 21, 2015, 07:40:05 AM |
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I prefer my money in cash. Since I can use it anytime. Bitcoins just alternative to save my money and for future needs
Yes, I too don't feel bitcoin is better than fiat as fiat is a currency that holds more value than bitcoins currently. When we work in offices as well, we get paid fiat cash and bitcoins is only earned through mining, trading and through jobs offered on this forum which makes it less known than fiat. The other reason as well is if we continue holding bitcoins, there will be a time when we will sell them for fiat cash and that's a fact.
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LuckyYOU
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December 21, 2015, 08:30:25 AM |
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I prefer both. Since I can't pay with bitcoin everywhere I would have to pick cash in this case. Bitcoin is just something I can invest in as well as save my money in.
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lenoli
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December 21, 2015, 08:46:01 AM |
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i love BTC but i think gold is more dependable then money or btc
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kyrios_
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December 26, 2015, 09:38:32 AM |
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i love BTC but i think gold is more dependable then money or btc
gold prices has been on a rollercoaster ride recently. won't be so sure on dependability
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Sir_lagsalot
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December 26, 2015, 09:42:47 AM |
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Sadly, i'd rather have all my money in cash than bitcoin. Bitcoin can mainly only be used online, while fiat is accepted almost everywhere. Maybe in a few years, when bitcoin is more stable and more accepted. I personally dont think of bitcoin as a currency, as many people do, but an asset. A volatile one, not like fiat. A currency is supposed to be static, as it's like a ruler to determine value of a a good. If the ruler keeps expanding and shrinking, something's wrong.
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Jet Cash
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https://JetCash.com
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December 26, 2015, 09:51:21 AM |
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Well I'm very new to Bitcoin, but here are my preferences
Money for everyday expenses
1. Bank current account 2. Cash 3. Bitcoin
Life-happens savings 1. Bank savings account 2. Cash 3. Bitcoin
Long term savings
1. Bitcoin 2. Copper ingots 3, Cash 4 Bank savings account
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xuan87
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December 26, 2015, 11:05:26 AM |
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For now i prefer bitcoin because i think the bitcoin price still can up, so its making bitcoin as a good investment and also in few years my prediction is bitcoin will be used as global currency
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electronicfactura
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December 26, 2015, 11:12:55 AM |
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It is a bit hard to select only one option because at this stage it is really hard to keep my money in one.I am keeping my funds both in fiat money and Bitcoin to keep balance and to not keep all my eggs in one basket.
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victoryboy
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December 26, 2015, 11:15:37 AM |
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I am buying Bitcoin whenever I have extra money after paying my spending on things.I want to raise as many Bitcoins as I can before it's price to explode to take it to sky.
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d-leit
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December 26, 2015, 11:18:31 AM |
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It is a bit hard to select only one option because at this stage it is really hard to keep my money in one.I am keeping my funds both in fiat money and Bitcoin to keep balance and to not keep all my eggs in one basket.
this is also my thinking. it seems the most reasonable answer is to have some money in cash and some money in bitcoins, the question is about percentages. the volatility is a problem, so for me 20% bitcoin 80% cash seems good.
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newcripto
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December 26, 2015, 11:29:38 AM |
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Same is my opinion about preference of keeping money.I will say cash is king and still we can not use Bitcoin freely and everywhere and it will take long time when Bitcoin will truly fulfill the this space.I am just holding my Bitcoins as investment for long term.
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jangloos
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December 26, 2015, 11:33:29 AM |
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We all should take advantage of the current prices of bitcoin as gift.I really think by the end of next year ,current price will become part of past and people will remember this opportunity so grab as many as you can while it is accessible on these prices. What I see halving will be first main stage to gear up the price.
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abonarea
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December 26, 2015, 11:36:59 AM |
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I would prefer my money to be in cash.I have invested some money in Bitcoin as well and some part in precious metal to have all the options available in any case of unexpected situation.I suggest to be a balance among your savings.
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worhiper_-_
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December 26, 2015, 11:39:30 AM |
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Living in a country that is blocked by most financial services at the moment, bitcoin offers me a lot of flexibility. But the volatility isn't all that great, so I prefer to always keep a cash balance, that I've sold when significant highs are reached. I sometimes trade to increase my bitcoins, not frequently though. I always try to earn more bitcoins than I spend. But since I mostly use bitcoin to buy stuff online I always feel that I need some converted to cash in order to be safe from volatility.
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fantoos
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December 26, 2015, 11:40:17 AM |
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I would prefer my money to be in cash.I have invested some money in Bitcoin as well and some part in precious metal to have all the options available in any case of unexpected situation.I suggest to be a balance among your savings.
I do agree with you and this is best explanation with good and easy words to understand.Bitcoin has bright future but still some sort of uncertainty exists and I will act upon your suggestion to maintain in my money in everything possible for maximum safety and freedom of use in future.
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ralle14
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Shuffle.com
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December 26, 2015, 11:47:30 AM |
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Same is my opinion about preference of keeping money.I will say cash is king and still we can not use Bitcoin freely and everywhere and it will take long time when Bitcoin will truly fulfill the this space.I am just holding my Bitcoins as investment for long term.
the only downside in cash it might degrade overtime if your countries money volume hyperinflates over the years but everyone has their own preferrence in money
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okae
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northern exposure
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December 26, 2015, 11:52:25 AM |
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like i always said, never put all your eggs in the same basket, even if i prefer to use bitcoin, lets say around 80% on BTC, i "need" to have some cash in fiat too. The good part about it is that someday i will not need anymore the fiat ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) , so my vote is for bitcoins.
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