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Author Topic: Why Cash is better than Bitcoin.  (Read 99287 times)
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June 01, 2017, 04:53:40 PM
 #521

No good bitcoin is better than cash for so many reason i cant agree in yout reason why cash is better than bitcoin i guess it really invalid for so many reason bitcoin is better than cash in having transaction it is a virtual or digital so cannot be stolen by anyone easily.

119756 bitcoin was stolen from Bitfinex

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June 01, 2017, 05:43:32 PM
 #522

Cash is better than bitcoin because it has a physical attribute, you know you have your money if you can touch it. It is the most accepted in most shops. You can use it offline. Doesnt need internet connection. And you can protect it because you can hide it yourself.
cash is better than bitcoin but for those people who do not know about bitcon. to me i thin those people who have good knowledge about bitcoin, and who can really use bitcoin for shopping online as well as can use it in local shops then they will never select cash, and will always try to use use bitcoin for their different activities.
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June 01, 2017, 06:12:22 PM
 #523

cash is better then bitcoins because we can use cash in physical form, and do shopping in any market where we want we can give cash to anyone which can be physically in large amount or less it can be hand by hand we can touch it. It is the most accepted in most shops. You can use it without internet . Doesnt need internet connection. every one can keep it themselves and protect it.

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June 01, 2017, 06:23:47 PM
 #524

cash is better then bitcoins because we can use cash in physical form
How having a physical form is an advantage?

do shopping in any market where we want we can give cash to anyone which can be physically in large amount or less it can be hand by hand we can touch it.
Again, how is that an advantage? In my opinion this is more like a disadvantage. Who want's to carry lots of pieces of paper to buy stuff?

It is the most accepted in most shops.
Doesn't make it a "better" option. Bitcoin is starting to get accepted in more places anyway. And in the future we will probably have Bitcoin as a major method of payment.

every one can keep it themselves and protect it.
We can also keep Bitcoin for ourselves and protect them. Also, unlike physical money, bitcoin can not be taken or frozen by banks or governments. So you are kind of contradicting yourself.

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June 01, 2017, 08:23:07 PM
 #525

Bitcoin can be used all over the world without going through a conversion process.

Find me someone who sell crude oil for BTC.

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June 01, 2017, 09:35:43 PM
 #526

Cash is better as of now than bitcoin because cash is widely accepted and we can do transactions with it offline and also if we do individual money transfer, it is not that huge problem because the transaction is almost the same with bitcoin with just a higher fee. Cash is also fixed on its value so we don't need to worry about getting a loss in the value of our fiat.
yes cash is better than bitcoin because in the there has no risk to price increase are decrease his price is fixed.
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June 01, 2017, 09:41:00 PM
 #527

Bitcoin can be used all over the world without going through a conversion process.

Find me someone who sell crude oil for BTC.

I'm sure these 2 articles online will answer your question.

http://www.bitcoinisle.com/2017/04/03/blockchain-solutions-coming-for-u-s-crude-oil-market/

https://cointelegraph.com/news/worlds-first-bitcoin-based-oil-market-launched-will-it-be-a-success
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June 01, 2017, 09:50:44 PM
 #528

2 articles online will answer your question

1. Who cares how they make storing the data of sales?
2. The domain is on the sale from Your text. No one will sale crude oil for BTC.

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June 01, 2017, 10:32:18 PM
 #529

For small transactions cash is better than bitcoin, we can not use it to buy a bottle of cola in the minimarket, the fickle bitcoin price can not be a fixed price on the label of a bottle of cola, it could be today we can get a bottle of cola and tomorrow We can get 2 bottles of cola with the same bitcoin price
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June 01, 2017, 10:38:53 PM
 #530

For small transactions cash is better than bitcoin, we can not use it to buy a bottle of cola in the minimarket, the fickle bitcoin price can not be a fixed price on the label of a bottle of cola, it could be today we can get a bottle of cola and tomorrow We can get 2 bottles of cola with the same bitcoin price

I look at that the same as well, though there is a negative side to Bitcoin. If I purchase a soda can with a small portion of Bitcoin and when the next day goes by I want another one -the same amount of Bitcoin could be worth much less than it was the day before.The people that make the most money with Bitcoin is the ones that are manipulating the market price and cycling the money over n over again.

 
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June 01, 2017, 10:43:04 PM
 #531

and tomorrow We can get 2 bottles of cola with the same bitcoin price

Sorry, are You convicted, that this chart will goes UP and UP?



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June 01, 2017, 10:47:51 PM
 #532

No good bitcoin is better than cash for so many reason i cant agree in yout reason why cash is better than bitcoin i guess it really invalid for so many reason bitcoin is better than cash in having transaction it is a virtual or digital so cannot be stolen by anyone easily.
there are so many other benefits of bitcoin, for example bitcoin is virtual currency having same value in all over the the world. if you are living in any country of the world you can use bitcoin with the same value.  it is a decentralize currency which is acceptable in all over the world. the only need is that the users of bitcoin should be increase, so as to get avail these benefits, which are not present in any fiat currency of the world.
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June 02, 2017, 12:00:48 AM
 #533

As of today cash is better than bitcoin, but not sure in the future. Cash is better simply because its accepted buy all people around this world and bitcoin is not, and its more convenient to use cash than bitcoin. but im pretty much sure that bitcoin have a brighter future. hopefully it will follow the footsteps of cash in terms of liquidity.
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June 02, 2017, 12:13:12 AM
 #534

Each option has its advantages and disadvantages, but to my personal view, at this time the cash is more convenient and easy to handle for our daily expenses. In reality the bitcoin and all the altcoins seem very idealistic projects that are struggling too much to be incorporated into real life.

Perhaps all cryptocoins end up being very useful and suitable for a niche of the population too specific to be really relevant in the global economy, as I am sure that the cash will still be very useful for most people for many, many  more years.
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June 02, 2017, 12:16:44 AM
 #535

Probably because of the security risks that make cash better than bitcoin. Probably because online transactions do not have a user guarantee, let alone bitcoin is still considered an illegal currency in many countries.
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June 02, 2017, 06:14:13 AM
 #536

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.

Spot on! Bitcoin should be better in the future when many countries endorse it as their currency of use. The only reason that makes fiat better than Bitcoin now is the low spread of use and acceptability. It's easier making transactions in Bitcoin than fiat.

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June 02, 2017, 06:41:51 AM
 #537

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.

Spot on! Bitcoin should be better in the future when many countries endorse it as their currency of use. The only reason that makes fiat better than Bitcoin now is the low spread of use and acceptability. It's easier making transactions in Bitcoin than fiat.
Not if you are not an online user, fiat gives confidence to the users because it is supported by the government while
they may just view bitcoin as a scam because they are not willing to open their minds with the new technology.
Fiat is the best of them because they have been using for a long time and it will not be replace with something new.

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June 02, 2017, 09:29:22 AM
 #538

I think because of all the transactions currently still using cash, even in my city, all transactions only use cash for payment, it seems the bitcoin is still difficult to use on the my city.
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June 02, 2017, 09:36:41 AM
 #539

Probably because of the security risks that make cash better than bitcoin.
Cash has security risks too. You can easily get scammed with cash by reversing transaction. Don't forget about counterfeit cash. It's hard to detect. What if you were carrying a shitload of money to seal off a deal and on your way you get mugged? Both fiat and crypto currency has their advantages and disadvantages. 

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June 02, 2017, 09:47:55 AM
 #540

Probably because of the security risks that make cash better than bitcoin.
Cash has security risks too. You can easily get scammed with cash by reversing transaction. Don't forget about counterfeit cash. It's hard to detect. What if you were carrying a shitload of money to seal off a deal and on your way you get mugged? Both fiat and crypto currency has their advantages and disadvantages.  

Right, having cash over btc doesnt guarantee your safety. Most of the time bringing a lot of cash can be very risky rather than having a bitcoin wallet. It cannot be stolen from you easily.
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