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Author Topic: Why Cash is better than Bitcoin.  (Read 99289 times)
Mumbeeptind1963
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May 09, 2017, 05:32:45 PM
 #121

Cash and Bitcoin have different usage and bitcoin is better than cash/most cashless payment method in online shopping. But, cash or any payment method also have exchange risks such as counterfeit money, hack/theft attempt and unfair rate.

yes its true, nowadays cash is better than bitcoin because, not all countries espesially stores doesnt recognized bitcoin as the currency to be paid for the item you have been purchased, but the good thing about bitcoin is that it is more secured.

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BitcoinPanther
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May 09, 2017, 05:34:21 PM
 #122

Cash is better because as most of them are not able to use bitcoin in their country so they have to convert it to fiat currency to utilize it,

I know there are lots of pros on cash except for centralization and inflation.  Even if the whole world shout cash is always better than Bitcoin, I would prefer my savings to be in Bitcoin because of the appreciation of its value in the long run.  As of now Bitcoin can't compete with cash in terms of local/offline usage but put it on online performance, let us see who is talking now.
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May 09, 2017, 05:47:54 PM
 #123

Let's ask yourself, why the cash is worse than bitcoin... The cash only melts during the inflation times... But the gold or bitcoin type of assets do not melt so much.
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May 10, 2017, 12:43:41 AM
 #124

only if you for some reasons have no internet access.

Usually You need provide personal data and need to pay for internet access.

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May 10, 2017, 01:40:35 PM
 #125

only if you for some reasons have no internet access.

Usually You need provide personal data and need to pay for internet access.

Actually, no. There are many spots with free wifi already and there are exchanges which require to provide nothing more than your email address to register. But you have to be in a big city to find a free wifi spot.

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May 10, 2017, 01:44:39 PM
 #126

only if you for some reasons have no internet access.

Usually You need provide personal data and need to pay for internet access.

Actually, no. There are many spots with free wifi already and there are exchanges which require to provide nothing more than your email address to register. But you have to be in a big city to find a free wifi spot.
Its possible but knowing free wifi hotspots its not still available on some countries and you would really go to main city or public places which do offer free wifi. Fiat money and Bitcoin do really have differences since they do have specialization on each field but mostly fiat do have the edge because it being regulated and commonly use now on many ways which cant possibly be done by bitcoin.

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May 10, 2017, 01:47:08 PM
 #127

only if you for some reasons have no internet access.

Usually You need provide personal data and need to pay for internet access.

Actually, no. There are many spots with free wifi already and there are exchanges which require to provide nothing more than your email address to register. But you have to be in a big city to find a free wifi spot.
One can just buy a modem and insert a prepaid simcard in there if one is not into a big city that way you won't have to provide personal data. For me though in terms of paying cash is still better than bitcoin since more business establishments  and stores accept it but in terms of finding where to invest bitcoin is better so to conclude they are both good in some ways and are equal to each other.
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May 10, 2017, 01:53:58 PM
 #128

Bitcoin is far superior to cash in my opinion, but does certainly have some hurdles to get over such as the high fees and long confirmation times.

With cash, you also have to worry about fake/counterfeit bills whereas with Bitcoin this is not possible. Legitimate stores even sometimes accept and give out counterfeit bills as change to their customers unknowingly.
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May 10, 2017, 02:05:34 PM
 #129


Its possible but knowing free wifi hotspots

A perfect place to fall in Fake "Free Wi-Fi" spot.

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May 10, 2017, 02:58:07 PM
 #130

Atm credit have fees bro Cheesy
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May 10, 2017, 03:05:18 PM
 #131

Cash is better because as most of them are not able to use bitcoin in their country so they have to convert it to fiat currency to utilize it,

Cash is conveniently applicable,its just too scary now to have cash on hand while travelling , if only there were a lot of bitcoin atm which can be used instantly ,bitcoin will really be better than cash.

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May 10, 2017, 03:21:52 PM
 #132

Cash is better than bitcoin in terms of spending offline even without internet connections. It can be used to spend at your local communities in your country specially on the cities where fiat exchange cash is only available to spend. But without bitcoin fiat cash could not be spend directly to online buying because it has no digital ability to transact and comparing it with bitcoin it has nothing to do about anonymous transactions. But there is advantages of fiat currency which bitcoin has nothing to take advantage beyond it.
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May 10, 2017, 03:23:36 PM
 #133

ATMs and credit cards both have fees (I believe you are joking). It may have zero confirmation time but It's possible to chargeback and get scammed. Lightning Network should give us the ability to make micro-payments and without waiting for confirmations too. Banks control your money, you don't. I see no reason on why fiat is better than bitcoin.
I believe that some banks offer free of charge transactions such us withdrawing money from the atm some banks never charge you from that. They offer it as some kind of "lifetime promotion" or how they can say they are better compared to their competition.  Fees or without fees Cash is still better in terms of usage, because up to this date Cash is the most liquid asset meaning everyone accept cash as a mode of payment.
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May 10, 2017, 03:27:19 PM
 #134

Lack of merchant , people doesn't know about bitcoin are cons of Bitcoin and with Cash you can pay your goods instantly without any confirmation if you do real shopping. Beside that, Cash and Bitcoin has their own problem so choose wisely.

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May 10, 2017, 03:28:36 PM
 #135

Cash is better than bitcoin in terms of spending offline even without internet connections. It can be used to spend at your local communities in your country specially on the cities where fiat exchange cash is only available to spend. But without bitcoin fiat cash could not be spend directly to online buying because it has no digital ability to transact and comparing it with bitcoin it has nothing to do about anonymous transactions. But there is advantages of fiat currency which bitcoin has nothing to take advantage beyond it.

For this time, cash is better than bitcoin. Because not all products or providers can receive bitcoin as a means of payment. In real life, every transaction's still we have to buy using cash.
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May 10, 2017, 03:31:15 PM
 #136

a lot of users coming to correct you. better if it is against bitcoin.

Mister, i was at the shop for food yesterday, i used to pay with the MasterCard CC.
They use to accept Cash too.

It's against Your Religion to check usability of BTC in allday's living?

I never thought that I could use bitcoin in my daily life, which is impossible in my local area, it is too backward.
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May 10, 2017, 04:32:17 PM
 #137

I think that still, there are plenty reasons why cash is much better to hold than bitcoin.
With money stacked as a bills, you may spend them anytime you really want, and with bitcoin or any other cryptocurrency: it is not so easy.

But I have to agree that if somebody is looking for good investment, then bitcoin might be a great way if the person is educated enough- to make money on this knowledge.
Still, you can just earn cash through going to a regular job, so you dont really have to do anything special in the internet.
I like to use the cryptocurrency market as my second source of income.
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May 10, 2017, 06:25:20 PM
 #138

I think that still, there are plenty reasons why cash is much better to hold than bitcoin.
With money stacked as a bills, you may spend them anytime you really want, and with bitcoin or any other cryptocurrency: it is not so easy.

But I have to agree that if somebody is looking for good investment, then bitcoin might be a great way if the person is educated enough- to make money on this knowledge.
Still, you can just earn cash through going to a regular job, so you dont really have to do anything special in the internet.
I like to use the cryptocurrency market as my second source of income.

I only have a little cash, maybe just enough for 1 month only. The rest in form savings, bitcoin and gold. Actually now, on internet we can shop what we need and all I just pay with bitcoin.
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May 10, 2017, 06:54:15 PM
 #139

Both are better in their respective fields. But if you consider local daily usage, then Cash is better as it is accepted more.
But in online market I found BTC to be beneficial and easy to use in many online stores and services.
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May 10, 2017, 07:05:52 PM
 #140

I am not fully agree with op because people do not have the actual understanding of the money they think that the ills or notes they where carrying are termed as money but that's nothing but just an agreement by their native government promising that they will pay the equivalent amount of money in exchange of that paper. so its not the money which has value its that simple paper. and in todays generation everyone needs internet in their daily life without it they can not live
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