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Author Topic: Why Cash is better than Bitcoin.  (Read 99289 times)
Xester
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June 02, 2017, 10:59:23 AM
 #541

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.

Let us hope for that.  Bitcoin in the near future will have the same value in terms of usage all around the world.  The problem would be only the access to it and how people on the other part of the world would have an access to it.  Cash is no doubt much preferred still by people because of the reasons listed above, but sooner when all people got to know about it, it could happen that people would switch on using it since it is no hassle and so easy to use.
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June 02, 2017, 11:00:58 AM
 #542

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.
Yes there i agree with you, if you have bitcoin wallet, your money can not be stolen easily as if you had fiat currency with you. But there is also another problem with bitcoin, it is rather same as if you had cash with you. Some one who knows that you have bitcoins, and they know how much they are worth, they can still threat you or maybe kill you if you do not transfer your bitcoin to them. There will always be people who will try to take that which do not belong to them.
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June 02, 2017, 11:10:04 AM
 #543

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?
-
You are right, this is one reason why cash is better, reliability. Volatility is an issue, Bitcoin is very subject to change, so one day you can have 2400 USD worth of Bitcoin, the next 24 hours it may drop 50%, who knows? But if Bitcoin becomes more stable, ahh then it may be better than currencies that have inflation. Another key difference of cash and bitcoin is that cash is physical, bitcoin is digital, both has its pros and cons.

Right now cash is still the main currency for any transactions (buying good...etc), and I don't see Bitcoin replacing cold hard cash in these few years. Maybe someday when the world becomes more digitalized...


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KesoNie
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June 02, 2017, 11:11:46 AM
 #544

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.
I think they would say that because. They see cash physically and they can spend it instantly. Bitcoin is good too. More years to come bitcoin will be legalize and it will be accepted in all the countries.
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June 02, 2017, 11:37:41 AM
 #545

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.
What's been quoted is a way by which bitcoin seems better than cash, in the same manner every people cannot use bitcoin as it is bit a complicated. So common men prefer cash and these days the wallet apps have made it simple to be used even for one who is not that skilled but know to operate a smartphone.

clarkgeneral86
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June 02, 2017, 11:47:13 AM
 #546

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.
What's been quoted is a way by which bitcoin seems better than cash, in the same manner every people cannot use bitcoin as it is bit a complicated. So common men prefer cash and these days the wallet apps have made it simple to be used even for one who is not that skilled but know to operate a smartphone.
It depends on what you want to use it for.Some people even look at it as an investment, but while that may be profitable, it is a commodity.
kpcian
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June 02, 2017, 12:37:54 PM
 #547

If we want to differentiate between cash and bitcoin then the using platform is the main difference,  bitcoin is only available on the internet,  but cash is everywhere. In terms of use also as like so. Regarding popularity cash is far above bitcoin,  so I think, cash is still better than bitcoin.
Bellator
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June 02, 2017, 01:04:59 PM
 #548

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.
i think bitcoin is greater than cash in many ways, just because we can instantly see and spend cash and many establishment, restaurants and many stores their that doesnt recognized bitcoin as a source of income or a currency that we can pay to them doesnt mean that bitcoin is not good at all. bitcoin is still good than cash.

Eclipse26
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June 02, 2017, 03:16:39 PM
 #549

There are many countries that don't accept bitcoin for technological or economical reasons, so bitcoin won't be the first payment choice there. Fiat is the only way for the bigger part of the world. It doesn't mean that cash is better, they're just not ready for bitcoin yet.
Yes fiat is acceptable than bitcoin. Some country and government in the world didn't trust bitcoin. You can easily use cash than bitcoin because in bitcoin you must need to convert it into fiat. There are only few stores and business that accept bitcoin as a payment. Fiat has a big role in this world and bitcoin will not defeat it easily.

darthmaul
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June 02, 2017, 03:20:36 PM
 #550

I think bitcoin is more useful than your offline cash. Now days exchangers being deployed everywhere in the world. You don't need to have bitcoin facility from seller side. You can just put your exchanger account with your bitcoin from wallet and then pay the seller via PayPal payza or any other services. Also don't forget that you can always convert all the profits from your bitcoin to local currency and transfer it to your bank. Indirectly you will be using your bitcoins to shop and buy things.

 
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June 02, 2017, 03:50:41 PM
 #551

I think bitcoin is more useful than your offline cash. Now days exchangers being deployed everywhere in the world. You don't need to have bitcoin facility from seller side. You can just put your exchanger account with your bitcoin from wallet and then pay the seller via PayPal payza or any other services. Also don't forget that you can always convert all the profits from your bitcoin to local currency and transfer it to your bank. Indirectly you will be using your bitcoins to shop and buy things.

If you are transacting online, Bitcoin is obviously better choice. But still cash is more favorable by small stalls/shops. They have to accept cash, Bitcoin is out of reach for them, they don't even have the facility to accept e-payments, such as Credit/Debit cards.
Recently in our country, wallet system is growing, but still most of them are preferring cash.
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June 02, 2017, 03:53:06 PM
 #552

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

I agree completely, and I don't really consider bitcoin like cash because it does have real use cases. For example its better for international wires and international remittances. In terms of a currency as the original vision was bitcoin has already failed massively, but not due to how it was at the start but due to how it developped and became successful. The offline transaction part though is something bitcoin can never solve.
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June 03, 2017, 01:31:26 AM
Last edit: June 03, 2017, 01:44:28 AM by Gintama214
 #553

    Well cash will still be better than bitcoin that's because as you said, you work on real life, in fees I think for me the tax are the fees but here in our country they will return some percentage so its okay, you can buy anything with money, for confirmation time I would say if they pay you direct deposit in your bank, for exchange yes there are no risk as long as you don't get holdup by thieves, and yeah everyone knows about money because its the most important thing in this world right now. Bitcoin still has many flows, the exchange rate is not constant so its hard for bitcoin to bit cash.
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June 03, 2017, 02:33:52 AM
 #554


It depends on the situation.

Cash can be said to better than bitcoin if you are going to base it in “defrayal”. We all know that bitcoin cannot be used as a payment for our daily expenses. Bitcoin can be used in online transactions but is still limited. Although, crypto currencies can be converted and withdrawn it is much better if bitcoin, someday, will be used as a payment.
But for me, in terms of saving, bitcoin is much better to keep than cash. The bitcoin’s price have been fluctuating and its price is higher compared to the time when bitcoin have been introduced to me.  I am sure that many are enjoying this particularly those who have saved a lot of bitcoin.

As of now, it may not be convenient for bitcoin to be used as a direct payment for daily expenses and etc.  but who knows what is going to happen in the future of bitcoin.

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June 03, 2017, 02:42:32 AM
 #555

Bitcoin is much safer because of its animosity and convenient to use. Not like  holding big cash there's a possibility  that you are holding it can stolen by any bad people.

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June 03, 2017, 03:44:40 AM
 #556


You just need to transfer bitcoin from wallet to bank account and withdraw money for use only. too simple

Show me this bank, where is possible exchange BTC/$ with online banking.
There are a lot of bank you can use. I also transfer my bitcoin to my bank account so that I can withdraw and use it. When we transfer our bitcoin to bank account it will be automatically converted of what currency we have. It is really simple to withdraw our bitcoin to our bank account. Try to browse your bitcoin wallet you are using and then find there how to transfer to your account, make sure you have one.  Grin
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June 03, 2017, 04:45:10 AM
 #557

Bitcoin is just a cryptocurrency, we need internet to use it. Cash is not like BTC, we can use in real life and buy anything we want Cheesy. And now rate of BTC is increasing, so to earn more BTC is so hard Sad
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June 03, 2017, 04:49:40 AM
 #558

Well for my opinion on this topic "Why cash is better than bitcoin," I can say that cash is better off having that bitcoin because cash is the official currency of a country and that is completely part of our everyday life. You can use your money or cash in buying foods for yourselves in the market or a sari-sari stores. And also you can buy game money using cash but I think bitcoin wallets are processing these kind of things so that we can utilize the use of bitcoins.
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June 03, 2017, 04:54:18 AM
 #559

I think this depends on the user, if cash more then looks bitcoin is better than cash, we should admit the current users of cash is more dominant than the digital money or bitcoin.
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June 03, 2017, 05:09:56 AM
 #560

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
In my opinion both of them are best and worst at Thier own place .
If you will ask about the cash money then yes it is more better in the practical life than Bitcoin because we don't need any confirmation and fee system to pay with this and our money will remain in our hand .
But if you will ask about the life of a single cash ( made with paper ) then what will be its value during the daily use .
Ofcourse in this case Bitcoin will be better , and as we know it is the written data in the internet so we don't need to put in hand and everything will remain in the online and no one can destroy it and remain like the new and with this price nd value will increase which another more better factor which says that Bitcoin is more better than cash in hand .
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