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Author Topic: Why Cash is better than Bitcoin.  (Read 99289 times)
snowcrashed
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June 17, 2017, 08:04:13 AM
 #701

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
what you had written is some of money's benefits, of course it's true but we can't just look at money's benefits and irgnore Bitcoins benefits and just say that Money is better than Bitcoin
Harlot
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June 17, 2017, 08:06:52 AM
 #702

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
what you had written is some of money's benefits, of course it's true but we can't just look at money's benefits and irgnore Bitcoins benefits and just say that Money is better than Bitcoin
To tell you the truth the only Benefit I see when using Bitcoin is its ability to grow in terms of value, and it can be a double-edged sword for it because you are also accepting Bitcoin's volatility. You are risking your own capital when you invest in Bitcoin and you are increasing of losing your capital if you don't know what you are doing with your money. Bitcoin for me as of now is not a currency but some kind of investment that I am hoping to make profit in the long run.
scout5
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June 17, 2017, 08:09:52 AM
 #703

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

True. But you forgot the cons of using Credit Cards.

The reason Bitcoin and other crypto doesn't have these features yet is because its still young. Not even a decade old. Expect it to get better in the future
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June 18, 2017, 07:44:29 AM
 #704

Crypto has its clear advantages, and disadvantages. Its all part of an evolution to better financial opportunities for all.

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June 18, 2017, 08:08:36 AM
 #705

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

Even though I am new here, but there's a critical mistake in this post, treating "cash" as money, a majority of transactions throughout the world is conducted digitally through Credit Cards and other methods to conduct online payments (even without bitcoin), so if you include these methods to transmit money the exchange risk, confirmation time, and no fees would be taken out, because these methods have these specified risks.
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June 18, 2017, 08:18:01 AM
 #706

Cash can be bringing anywhere, for anything, etc.. and no need to use internet connection to redeem or use it. Before bitcoin, cash it first, bitcoin is only part of cash. Everybody is trying to get the bitcoin to cash it for, of course, for each other's needs and pushing the income
lusiaga
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June 18, 2017, 08:49:59 AM
 #707

the reason why cash is better than bitcoin for me are many people use and accepted cash arround the world , not same like bitcoin payment
virtualdn
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June 18, 2017, 08:51:31 AM
 #708

Of course cash is better than BTC in many cases: for buying smaller value items, for making quick payments, nobody is saying BTC should remove cash completely, at least I hope it won't. I'm sure we can use both very well.

1 BTC = 1 BTC
thisappointed
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June 18, 2017, 08:57:23 AM
 #709

The only reason that I know that cash is better than bitcoin is the unlimited supply because it can sustain all the needs of people if they need more supply of money while in bitcoin is fixed so the supply is very limited to the people so if the people will need a lot of supply of bitcoin then bitcoin cannot provide that so I think that is the only thing that makes cash better than bitcoin.
User365
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June 18, 2017, 08:59:24 AM
 #710

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

* Work offline 100%
* No fees. wrong for ATM and Banks
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks wrong for cash, there is fake cash
* anyone is able to understanding of the value of payment

to your point 3, yes it is true that you can´t buy food in most places with bitcoin, but I believe it will be in a few years.
Point 4 (in my opinion the only really valid point), hoping for Segwit here  Cheesy

Now a few advantages:
  • You can carry unlimited money everywhere, for example if you go to another country it is hard to take 1 million in cash, and wiring 1 million via bank comes with a fee and is not anonymous
  • Irreversible
  • Does not depend on government and banks

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User365
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June 18, 2017, 09:00:46 AM
 #711

The only reason that I know that cash is better than bitcoin is the unlimited supply because it can sustain all the needs of people if they need more supply of money while in bitcoin is fixed so the supply is very limited to the people so if the people will need a lot of supply of bitcoin then bitcoin cannot provide that so I think that is the only thing that makes cash better than bitcoin.
Shocked
In my opinion this is a BIG disadvantage of the fiat system.

The fact that it is limited is a main advantage of bitcoin Cheesy

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pecson134
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June 18, 2017, 09:07:30 AM
 #712

It is an undeniable fact that cash was indeed a better choice than bitcoins. Cash based payments has been proven to be useful and less of a hassle when dealing micro to macro and small to large establishment. And what more is cash rates were more stable than bitcoins all time and there are no fees included in most of the transaction when it comes to cash basis.



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Rainbot
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June 18, 2017, 09:10:20 AM
 #713

Of course cash is better than BTC in many cases: for buying smaller value items, for making quick payments, nobody is saying BTC should remove cash completely, at least I hope it won't. I'm sure we can use both very well.

Sure at small scale transaction cash will be more effective even when we don't need to do some complicated action only for buying small value item. Cash more simply for that condition but in other aspect bitcoin has some features better than cash. If i can tell my opinion as bitcoin user i can take more value when the price of bitcoin growing up,  it's very profitable just because keep my bitcoin stay in wallet.

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June 18, 2017, 09:15:31 AM
 #714

Because the cash is the main need of everyone. The people are wont to using cash than bitcoin and everyone know the cash and only few people know the bitcoin. This is the reason why cash is better than bitcoin.
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June 18, 2017, 12:07:10 PM
 #715

you have a cash on hand and you can buy anything you want
in bitcoin it is virtual currency. right now there is only limited merchant store that you can purchase using your bitcoin.
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June 18, 2017, 01:09:26 PM
 #716

you have a cash on hand and you can buy anything you want
in bitcoin it is virtual currency. right now there is only limited merchant store that you can purchase using your bitcoin.
I do not mind the purchasing power of bitcoin as long as it gives me the value of the amount i invested and i am sure that i would be having a good profit with it,@OP says that banks does not have any fees which is real bullshit,they will be charging fees for keeping our money and i would prefer to store my assets in bitcoin and stock.
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June 18, 2017, 01:19:03 PM
 #717

@OP says that banks does not have any fees

Where You see this?
There is about paying in Cash or Credit Cards, and why people prefer it.

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geegaw
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June 18, 2017, 01:27:37 PM
 #718

Because the cash is the main need of everyone. The people are wont to using cash than bitcoin and everyone know the cash and only few people know the bitcoin. This is the reason why cash is better than bitcoin.
Yeah, cash is the habit of all of us, it's been used for so many years, simple cash, easy to use, accepted everywhere and very convenient, so I think cash is better than bitcoin although the value of cash is not equal to bitcoin but if talk about popularity and is widely used, convenience, surely bitcoin will not be comparable to cash. Bitcoin may have potential in the future but at present it's just popular on the internet and it is also not acceptable by the government, it has many limitations, so it can not be compared with cash

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June 18, 2017, 01:39:39 PM
 #719

@OP says that banks does not have any fees

Where You see this?
There is about paying in Cash or Credit Cards, and why people prefer it.

If cash is better why don't you open a house and be a pimp and you can take just cash for letting people watch or talk with girls? What cash have with service you offer in your nickname, how can someone pay you with cash?
I don't care about money, its just a necessary tool for us to get to something we like, food, sex, traveling, or any other fun, I don't care in which way I will pay as long as I have with what. In theory bitcoin can be better then cash, currently you can do more things with cash then with bitcoins, but that will change in the future, storing, keeping and carrying bitcoins is easier then cash. Bitcoin have potential to be better then cash.

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June 18, 2017, 01:45:21 PM
 #720

There is also a fee in cash.But for now,cash is better than bitcoin because it is globaly use and it is legal all over the world but as the technology improves,maybe there will be a revolution of cryptocyrrency and it will be globaly use instead of cash because cash requires some materials that are decreasing.But still for now cash is better than bitcoin.
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