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Author Topic: Why Cash is better than Bitcoin.  (Read 99287 times)
Zuilhsa
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September 03, 2017, 07:02:32 PM
 #1301

Most countries don't accept bitcoin and is not legalized.bitcoin is not known to everyone and the usage is less, so people find cash to be the easiest way to deal with, may be sometimes in future if bitcoin becomes popular it will be used by all.

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wahb
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September 03, 2017, 07:45:41 PM
 #1302

Many people are still prefer to use cash than bitcoins because they are comfortable to use cash than bitcoins. I think that the digital currency cannnot surpass the fiat currency.

I don't think that a majority of the people now prefer physical cash. Most of my friends and relatives prefer credit cards and mobile wallets (such as PayTM and Mobikwik) for making payments. A few years back, that was not the case. Most of these people were using physical cash then. Times have changed. Physical cash is losing its relevance.
I do not think that still majority of people are using bitcoin but it is a fact that the users of bitcoin are now increasing, and we can expect that very soon the users of bitcoin will very soon exceed from the use of any other fiat currency, because bitcoin is a decentralize currency which is commonly use in all the parts of the world.
Akash1243
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September 03, 2017, 07:55:13 PM
 #1303

There are millions of people who doesn't even know about bitcoins let alone using it.Many countries have legalised it but many haven't yet and everyone knows how to use cash and it does not need internet or any confirmations from someone.But I don't mean that bitcoins are trash and useless but they are great investment for future as their values may reach easily around $10k.Bitcoins needs time for confirmations which people don't have in this busy world.So cash are better than bitcoins but only for only as in future how knows what would happen.
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September 03, 2017, 07:59:00 PM
 #1304

Many people are still prefer to use cash than bitcoins because they are comfortable to use cash than bitcoins. I think that the digital currency cannnot surpass the fiat currency.

I don't think that a majority of the people now prefer physical cash. Most of my friends and relatives prefer credit cards and mobile wallets (such as PayTM and Mobikwik) for making payments. A few years back, that was not the case. Most of these people were using physical cash then. Times have changed. Physical cash is losing its relevance.
I do not think that still majority of people are using bitcoin but it is a fact that the users of bitcoin are now increasing, and we can expect that very soon the users of bitcoin will very soon exceed from the use of any other fiat currency, because bitcoin is a decentralize currency which is commonly use in all the parts of the world.
At present majority of the users use paper money and when compared to it the bitcoin usage volume seems very low in volume. So when the usage as well acceptance in stores around the world increase bitcoin can be said better than cash, but for the same to happen it takes more time.

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que91
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September 03, 2017, 08:13:42 PM
 #1305

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
You are right.Cash is better in these situations or if payment is to be made in person but for online payments,I would prefer bitcoin as it is unversal.You can send btc to litrally any person on earth anywhere as long as there is internet availability
That will become the key for bitcoin to take over the payment systems in the future because it can be done virtually or through internet and that is the future of our world, technology. In the future, internet will play a big role in our world and the payments will be gone through internet so bitcoin will be one of the popular currency in that time.
- Yeah, Bitcoin is still in development stage and many people still do not know about bitcoin, so I really think if Bitcoin is accepted and more popular around the world, the amount of cash will drop and people will use bitcoin.
- In the future, society and technology will gradually develop, digital currency is the future of technology, cash may be better bitcoin now because the large number of users and popular but in the future bitcoin will replace the cash

Bitcoin is very complex in understanding for people. People of middle age, many even a computer do not know, do not know how to install a simple program.
Bitcoin will never replace a credit card or cash, because they are more convenient to use.
Yeah, that is problem when we apply Bitcoin to our life and replace FIAT. Actually, most Bitcoin user now are people under 60 age and they can use PC. Old people higher than this old cannot use Bitcoin because they not enough age for understand knowledge anything Grin
GreatOrchid
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September 03, 2017, 08:16:44 PM
 #1306

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
Many people are still prefer to use cash than bitcoins because they are comfortable to use cash than bitcoins. I think that the digital currency cannnot surpass the fiat currency.

Yeah i do prefer cash or credit cards instead of bitcoin ,that is why i use a bitcoin debit card to withdraw my earnings or just buy some stuff in the stores that i like.
And also i really like paper money , and i dont think that can be replaced by bitcoin in a near future, that sounds not possible in short term, maybe in 10 years or more if bitcoin is still alive, but who knows? it is too early to predict that.
youdacapt
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September 03, 2017, 08:48:02 PM
 #1307

Yeah i do prefer cash or credit cards instead of bitcoin ,that is why i use a bitcoin debit card to withdraw my earnings or just buy some stuff in the stores that i like.
And also i really like paper money , and i dont think that can be replaced by bitcoin in a near future, that sounds not possible in short term, maybe in 10 years or more if bitcoin is still alive, but who knows? it is too early to predict that.

In the next 10 years we also will not know if the paper wallet can be applied to the retail/real business. I also still think cash is a favorite because bitcoin is still only involved in virtual transactions, not enough to accommodate daily needs and bill payments directly.
BunnyShibe
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September 03, 2017, 09:36:24 PM
 #1308

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
Many people are still prefer to use cash than bitcoins because they are comfortable to use cash than bitcoins. I think that the digital currency cannnot surpass the fiat currency.

Yeah i do prefer cash or credit cards instead of bitcoin ,that is why i use a bitcoin debit card to withdraw my earnings or just buy some stuff in the stores that i like.
And also i really like paper money , and i dont think that can be replaced by bitcoin in a near future, that sounds not possible in short term, maybe in 10 years or more if bitcoin is still alive, but who knows? it is too early to predict that.

currently people are giving preference to cash but i am sure that in near future when  bitcoin will become a little more common then people will like to give preference to bitcoin instead of cash as it will be more convenient for them to use bitcoin instead of cash, because they do not need to carry cash with them but can easily access to it from anywhere.
sebastianpenguen
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September 03, 2017, 09:39:01 PM
 #1309

Yeah i do prefer cash or credit cards instead of bitcoin ,that is why i use a bitcoin debit card to withdraw my earnings or just buy some stuff in the stores that i like.
And also i really like paper money , and i dont think that can be replaced by bitcoin in a near future, that sounds not possible in short term, maybe in 10 years or more if bitcoin is still alive, but who knows? it is too early to predict that.

In the next 10 years we also will not know if the paper wallet can be applied to the retail/real business. I also still think cash is a favorite because bitcoin is still only involved in virtual transactions, not enough to accommodate daily needs and bill payments directly.

Cash is cash, guys. We don't think about cash while spending, like "does this merchant acept cash" etc. It very straight forward. With bitcoin, we still have a few merchants accepting it. That's why cash is better than bitcoin.
Bitcoininvestment
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September 03, 2017, 09:51:55 PM
 #1310

Cash may be better than bitcoin when we are talking to legality as bitcoin isnt really accepted by most countries worldwide but bitcoin has preceded cash when it comes to anonimity because bitcoin doesnt leave any trace with your transaction.

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September 03, 2017, 11:35:50 PM
 #1311

the cash advantage is more than bitcoin, but here I may only mention some, cash is more easily understood than bitcoin, and transactions in my country almost 90% use cash, physical cash whereas bitcoin is not, to the more cash that bitcoin does not have
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September 04, 2017, 08:45:03 AM
 #1312

No good bitcoin is far better than money for so a lot of cause i cant concur in yout explanation why money is much better than bitcoin i guess it genuinely invalid for so several purpose bitcoin is much better than income in getting transaction it is a digital or electronic so are not able to be stolen by anybody effortlessly.
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September 04, 2017, 10:44:16 AM
 #1313

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment

One of the reasons may be because digital currency has not yet been immerse, what do I mean is it can't be used to every transaction like buying foods, gadgets, daily needs, etc. which is very important. Also we can access cash or money without internet so we can use it anywhere and it doesn't limit itself to only one purpose. This is why believe that digital currencies will have a long way to go before surpassing flat money or real real cash.
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September 04, 2017, 10:44:51 AM
 #1314

No bitcoin is better than cash
Emworks
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September 04, 2017, 11:57:52 AM
 #1315

Cash is the king..if we talk about everyday life conveniency and ease then cash still much way better than bitcoin.we often use cash to purchase our necessary needs everyday and majority of physical store worldwide accept cash as way of payment transaction.

In a different prespective, bitcoin are dominant over cash, a few advantages are, no taxation required, untracesable ,beats rate influation, no charge backs and also a good alternative for a long term investment aside from  placing your money on bank.
BitDiscussion
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September 04, 2017, 12:20:25 PM
 #1316

Many people are still prefer to use cash than bitcoins because they are comfortable to use cash than bitcoins. I think that the digital currency cannnot surpass the fiat currency.

I don't think that a majority of the people now prefer physical cash. Most of my friends and relatives prefer credit cards and mobile wallets (such as PayTM and Mobikwik) for making payments. A few years back, that was not the case. Most of these people were using physical cash then. Times have changed. Physical cash is losing its relevance.
Dude, you cannot use the word "majority" for sure if you are considering the whole world. All those who come to this forum are dealing in bitcoins and many merchants out there are also a part of bitcoin community, but we don't make a great percentage of world population. Most countries are still unaware of this technology.
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September 04, 2017, 12:33:28 PM
 #1317

Cash is better now, because they can be paid everywhere even without the presence of the Internet. While the crypto currency is not such a possibility they will be limited in use.

Freshmen
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September 04, 2017, 12:42:31 PM
 #1318

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment

they are same useful but bitcoin have an advantage than cash like you can use it by effortless of sending money.
Well, you can say that, but I believe that everyone here got into bitcoin because they wanted to make a lot of cash and money. None of them chose to get into this simply because it’s  bitcoin and they want to get bitcoin and just use it and forget about money,  that’s a Big lie. We all got into it because of money,  so everyone should stop pretending and say the truth.
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September 04, 2017, 12:49:47 PM
 #1319

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
Whatever you said about cash ,its true. But about banks and ATM and credit card,it sure for shit is not true at all. Banks are known for manipulation dude, they dont care about customers who dont have good deposits. Believe me for them the only people who have a good account balance and have regular inflow cash are good customers in their eyes and no one else.

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September 04, 2017, 12:59:53 PM
 #1320

im agree with Thread Starter, money is better than gold in some aspect, money can work 100% offline, acceptable in any store, and no fees, no transaction confirmation, but some aspect bitcoin is better than money, its like money can be inflation and make your money not valueable, but in bitcoin you can watch and follow about price rate bitcoin

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