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Author Topic: Why Cash is better than Bitcoin.  (Read 99287 times)
hello_good_sir
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May 08, 2017, 06:24:16 PM
 #81

In my opinion we cannot say that fiat currency is better than cryptocurrency for some reason, because I think that both should be considered as money but designed in a different fashion.
Tell me please, what great, potentially revolutionary investments you can make thanks to the access to fiat?
Well, pretty much none. The opportunity to do such a thing is given basically only to the investors that have big amounts of funds ready to get invested.

In BTC world, you can make thousands of investments that are legit and profitable: and you usually can use just s small amount of money for that purpose.

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May 08, 2017, 10:29:20 PM
 #82

I agree with the former post... cash and Bitcoin server different purposes currently... this may change as the cryptocurrency world moves more mainstream, but for now, they are both valuable in their own right as very different forms of monetary use.  Yes, there is some overlap, but not enough now to be able to compare like for like...
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May 08, 2017, 10:37:22 PM
 #83

I think using atm has limited only in some site has still not accepted and like other said i think you have point about the fee but not always i think it will depends in the site asking for fee..
Its more easy to use and i think you can also use it locally you can buy as real cash.. but i think bitcoin are still good choice due to rebates and the price increase.. atm vcc or bank accounts for me right now its just alternatives.

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May 08, 2017, 10:54:40 PM
 #84

It is not there to buy food and stuff directly with Bitcoin. It is used along with Gold and other stable assets to preserve the value of an high inflationary local currency. If you need some cash (at the current exchange rate) you just sell some bits for cash in order to buy food with.

Here are two links to this topic:
The Guardian: Growing number of Venezuelans trade bolivars for bitcoins to buy necessities
Aljazeera: Venezuelans turned Bitcoin Mining

like Venezuela!

Show me, how BTC is used there for food shopping, seems it exist not.
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May 08, 2017, 11:37:19 PM
 #85

It is not there to buy food and stuff directly with Bitcoin. It is used along with Gold and other stable assets to preserve the value of an high inflationary local currency. If you need some cash (at the current exchange rate) you just sell some bits for cash in order to buy food with.
Having an option to purchase goods with bitcoin is always a welcoming thing as we can have the choice on how to spend my money and it is sure that bitcoin is helping countries which is having economic crisis and these are the major changes that could say that bitcoin is better than cash.
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May 08, 2017, 11:40:31 PM
 #86

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
This is a click bait. All things of you said related to the Person to Person transaction. And not for online transaction. Just realized your mistakes if in these days more people need  technology to make an eficientcy and effectivity.  Tongue

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May 08, 2017, 11:40:59 PM
 #87

physical money is simpky more attractive than numbers on a screen
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May 09, 2017, 12:16:32 AM
 #88

Cash is also known as money, in physical form. Cash usually includes bank accounts and marketable securities, such as government bonds and banker's acceptances. You can buy through it. It is not there to buy goods using directly bitcoin. You need to convert it to become money.
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May 09, 2017, 01:28:09 AM
 #89

Cash is also known as money, in physical form. Cash usually includes bank accounts and marketable securities, such as government bonds and banker's acceptances. You can buy through it. It is not there to buy goods using directly bitcoin. You need to convert it to become money.

yes you right! cash is good physical form of money it's handy and you can buy anything in an instant while digital currency as bitcoin is digital currency and need network fee and confirmation in every transaction before you can buy.
cash is better than any than bitcoin. we already used cash sense before and bitcoin is new and it is in digital world.

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May 09, 2017, 01:37:17 AM
 #90

Physical cash has its own advantages. For example, it doesn't need a laptop or a mobile device to send payments. Also, no other form of payment can be as anonymous as the physical cash.
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May 09, 2017, 05:59:47 AM
 #91

-snip-
This is a click bait. All things of you said related to the Person to Person transaction. And not for online transaction.
Bitcoin is also p2p money as said by satoshi in white paper. Don't you remember? Even bitcoin.org says it. Bitcoin can do person to person transactions too just like cash but in this situation, bitcoin can't do it's role because of slower transaction confirmation and high transaction fee.

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?
-nip-
This is a clickbait. Just realized your mistakes if in these days more people need technology to make an eficientcy and effectivity.  Tongue
This is a definitely a clickbait. This topic is talked and answered over a thousand times already. OP should lock this topic because this is getting spammy
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May 09, 2017, 06:12:59 AM
 #92

I think because  with cash we can make transactions directly, we should know that the use of the bitcoin is still limited, not everyone knows the bitcoin so that not everyone is willing to accept bitcoin.

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May 09, 2017, 06:24:20 AM
 #93

The biggest advantage of paying cash for me is that I don't need to pay a commission. In Ukraine, when paying by card, the bank takes a commission of 5 or more percent of the amount. Frequent using is quite bad for the wallet . Embarrassed
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May 09, 2017, 06:58:29 AM
 #94

Cash is also known as money, in physical form. Cash usually includes bank accounts and marketable securities, such as government bonds and banker's acceptances. You can buy through it. It is not there to buy goods using directly bitcoin. You need to convert it to become money.

yes you right! cash is good physical form of money it's handy and you can buy anything in an instant while digital currency as bitcoin is digital currency and need network fee and confirmation in every transaction before you can buy.
cash is better than any than bitcoin. we already used cash sense before and bitcoin is new and it is in digital world.
Cash has great value for those people who do not know about bitcoin, or who do not use online shopping. but those people who use online shopping for them bitcoin keeps more value as compare to real money. i think in modern time the value of cash is now decreasing because people are now giving more preference to online shopping and online business. i think its more convenient to use bitcoin for online purposes as compare to cash.
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May 09, 2017, 07:08:24 AM
 #95

i still prefer on cash, as its reason that accepted by all thing in offline and online shop. but will be different if there are more shop that accept bitcoin. maybe i will change my mind

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May 09, 2017, 08:55:57 AM
 #96

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

For me in terms of saving money for the future bitcoin is the best one to use for that matter. But in terms of other things to use as a currency, cash is more advantage than bitcoin because most the businesses in public cash was always useful to it compare to bitcoin, due to mostly bitcoin use for online payment.
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May 09, 2017, 10:06:24 AM
 #97

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
For me:

* Work offline 100% ( true)
* No fees ( may be but i think not)
* Accepted for Food Shopping & Micropayments ( at the moment, BTC fee may be hight than Cash
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
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May 09, 2017, 10:18:58 AM
 #98

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
For me:

* Work offline 100% ( true)
* No fees ( may be but i think not)
* Accepted for Food Shopping & Micropayments ( at the moment, BTC fee may be hight than Cash
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
For me is the work offline feature only because the bitcoin is needs a internet and a gadget first to access and all of the other feature of bitcoin is the best that is the only thing for me why the cash or fiat is better than bitcoin, But I think in near future when the internet and gadget is not a problem anymore maybe bitcoin will be better that fiat.
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May 09, 2017, 10:44:01 AM
 #99

In my opinion we cannot say that fiat currency is better than cryptocurrency for some reason, because I think that both should be considered as money but designed in a different fashion.
Tell me please, what great, potentially revolutionary investments you can make thanks to the access to fiat?
Well, pretty much none. The opportunity to do such a thing is given basically only to the investors that have big amounts of funds ready to get invested.

In BTC world, you can make thousands of investments that are legit and profitable: and you usually can use just s small amount of money for that purpose.

Both currency are good and they both have strengths and weaknesses. Bitcoin has strength that cannot be seen on local currency and that is the accessibility without boundaries and an increased profit due to volatility but its weakness is in areas without internet and to people who does not accept bitcoin. Local currency can be used in any parts of the country with or without internet but you dont get a leverage by holding it in your pocket and it needs to be exchanged to dollar and to other currency when you travel around the world.
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May 09, 2017, 11:19:55 AM
 #100

like Venezuela!

Show me, how BTC is used there for food shopping, seems it exist not.

Many people in Venezuela have started using bitcoin. Many companies there accept it, and there even a very few number of companies that accept nothing else but Bitcoin. Most people in Venezuela have an internet connection (with their mobile phone), and that's all they need to use Bitcoin. It's a great advantage for people there. The government can't devalue it. And it can be sent very easily to people in Venezuela by friends and relatives living in other countries. At this time, it's only a small minority of the population using Bitcoin, and this is simply because most people don't even know about it (They don't know how to use it, and they don't know the advantages it would provide them).

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