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Author Topic: Why Cash is better than Bitcoin.  (Read 99287 times)
ladydark
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June 28, 2017, 08:26:26 AM
 #841

Most people are not familiar with bitcoins.Very few merchants accept bitcoin payments.Also,the high transaction fee or alternatively the slow transactions would make difficult to buy products with bitcoins.But with cash,we need not have to face such problems.Its accepted every where.No waiting for confirmations.

rchstr
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June 28, 2017, 08:34:16 AM
 #842

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

because fiats,atm are the current trend on banking solution. they dont consider bitcoins yet but if they will consider it as a way of transfering funds. it may be used by all like atms before.
bitcoinstress
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June 28, 2017, 09:42:09 AM
 #843

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
Cause we live in the real world and not many merchant that accept bitcoin. that's the answer why cash is better than bitcoin.

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June 28, 2017, 12:25:49 PM
 #844

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
Cause we live in the real world and not many merchant that accept bitcoin. that's the answer why cash is better than bitcoin.
Sooner or later we can see bitcoin as an accepted currency in the world because bitcoin is just starting to get some attention from the people out there because of the price spike and the features that they seeing in bitcoin that is clearly better than cash and as of now, i agree to tell that cash is better than bitcoin (as of now) but soon the beliefs will change and the bitcoin will become the game changer.
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July 01, 2017, 04:06:59 PM
 #845

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
Firstly, Bitcoin can work online, that's an advantage to compare with cash. Secondly, if you need to transfer money to a far place from you, I'm pretty sure that you need to pay (some) fees. Thirdly, MicroPayments. yes, Bitcoin can do that. Lastly, Bitcoin is so easy for everyone to use, as long as they have chance to use Bitcoin, they can easily figure it out yo use Bitcoin.
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July 01, 2017, 04:08:44 PM
 #846

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

The advantage of cash is that its value will not will up so fast small risk compared to bitcoins or any other crypto currency, it is also tangible (just in case bit coin will suddenly disappear.) so it was always depend on our side in what situation or way we gonna use or maybe keep our money.  Grin
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July 02, 2017, 03:43:13 PM
 #847

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
Firstly, Bitcoin can work online, that's an advantage to compare with cash. Secondly, if you need to transfer money to a far place from you, I'm pretty sure that you need to pay (some) fees. Thirdly, MicroPayments. yes, Bitcoin can do that. Lastly, Bitcoin is so easy for everyone to use, as long as they have chance to use Bitcoin, they can easily figure it out yo use Bitcoin.

It's like saying that an orange colored truck is orange.
Of course bitcoin works online and of course cash can't work online. That's the definition of cash. Physical form of money.

The problem right now is that you can transfer bitcoin easy but
a) you can't buy them easily without a bank or paying huge fees
b) you need to convert it back into fiat to use it , again banks of fees

Why do you think millions of $ are confiscated at the borders?
You think criminals that have managed to dig tunnels and buy and operate submarines to avoid border controls haven't heard of bitcoin?
Their problem and ironically ours too is the usage after you have safely transferred the coins.

We need to have places where to spend the coins and we need to have smaller fees to be able to do that.

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July 02, 2017, 08:05:58 PM
 #848

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

The advantage of cash is that its value will not will up so fast small risk compared to bitcoins or any other crypto currency, it is also tangible (just in case bit coin will suddenly disappear.) so it was always depend on our side in what situation or way we gonna use or maybe keep our money.  Grin
Well fluctuation of bitcoin is from one side good, it is good because it is easier to earn more money, if you know how. But i agree with you, when you say that one of advantage of fiat currency is steady market price. But i believe that if bitcoin survive long enough, bitcoin will also have steady market price like all other fiat currency.
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July 02, 2017, 10:00:43 PM
 #849

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

The advantage of cash is that its value will not will up so fast small risk compared to bitcoins or any other crypto currency, it is also tangible (just in case bit coin will suddenly disappear.) so it was always depend on our side in what situation or way we gonna use or maybe keep our money.  Grin
Well fluctuation of bitcoin is from one side good, it is good because it is easier to earn more money, if you know how. But i agree with you, when you say that one of advantage of fiat currency is steady market price. But i believe that if bitcoin survive long enough, bitcoin will also have steady market price like all other fiat currency.
yes that is right but it will take a lot of time, because bitcoin price will continue fluctuation tell all the people adopt bitcoin, its fluctuation is in fact increasing with the passage of time because of the increasing demand of bitcoin by people. will people will adopt bitcoin full then we can expect to fell little change in the price of bitcoin, and its price remain as static as other fiat currencies are.
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July 02, 2017, 11:36:16 PM
 #850

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 some ways cash is better than bitcoins, first, it is tangible, you can keep it bring it anywhere(in cases where online wallet is inaccesible). second, it doesn't deflate fast, unlike bitcoin it's price increase or decrease fast, with cash you can be rest assured that when you wake up you still have the same value of money. Lastly, it can be used anywhere, ofcourse not all stores or department stores honor bitcoins, you really need cash to go shopping sometimes.

 
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July 02, 2017, 11:43:08 PM
 #851

Most people are not familiar with bitcoins.Very few merchants accept bitcoin payments.Also,the high transaction fee or alternatively the slow transactions would make difficult to buy products with bitcoins.But with cash,we need not have to face such problems.Its accepted every where.No waiting for confirmations.
For now it seems the problem is only from adoption problems, many people out there still do not know about bitcoin. And also the current problem bitcoin still can not be implemented. Because the era of technology still has not happened. So cash is still prioritized
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July 02, 2017, 11:59:38 PM
 #852

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 guess bitcoin is better than cash and no doubt i guess it is a great investment for everyone instead of banking your cash and w8 for athe yeara and get a small profit bitcoin is a cryptocurrency and the same time a great investment for everyone.
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July 03, 2017, 12:10:38 AM
 #853

Cash are much preferred by other countries because some countries don't have a fast and reliable internet connection. They can monitor there money in the banks easily  Easy to understand since it is what they use eversince. Accepted anywhere. Here in our country, no stores accept bitcoins yet

Yes not all countries are good in technology and does have reliable internet connection. Cash is still preferred as there's no finger print that can be traced if you want anonymity. Bitcoin also is good when your transaction is offshore and you are far from the other party. But why you will take a look at each other and choose only one if you can enjoy both.

Precisely my friend. Why choose when we can have both. Let's say bitcoin will be additional currency for us. You can use cash, bitcoin,atm and credit cards. As long as we have many options the more it get better. Cash is much more convenient to use, it is use more than years ago and I think it would never be replace by anything by any chance. A lot of factors are mentioned here in the the thread and it's all embodied cash.

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July 03, 2017, 12:11:14 AM
 #854

Where are your evidence with these:

* 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

No fees? Well they really have fees you just can't see it because its just a small amount.

Bitcoin can now also be accepted as Food Shopping and Micropayment, in those who have accepted Bitcoin as their currency atleast.

0 confirmation time, really? Are you really that sure? There is a confirmation time you just can't see it because its really fast.

0 exchange risks? This I cannot believe, there will always be a risk. For example you used your credit card to buy something online but you are not that very aware, then you've been scammed.

Anyone is able to understand the value of its payments, that is true. The only reason so is because, we are using Fiat for centuries now, whilst Bitcoin is just very new to us, and not everyone is familiar with it.

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July 03, 2017, 12:14:30 AM
 #855

I'm a big fun of bitcoin, but the cash is the reality that makes the world go around. Nobody can claim that cash money might löse its importance one day.

As long as human being exists, cash will exist too. We can't say the same thing for bitcoin.
well that's correct since cash is the money that government of each countries can control so they will not allow anything to interrupt or replace that
even bitcoin will go mainstream all over the globe the fact that cash still be useful still.
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July 03, 2017, 12:15:37 AM
 #856

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 guess bitcoin is better than cash and no doubt i guess it is a great investment for everyone instead of banking your cash and w8 for athe yeara and get a small profit bitcoin is a cryptocurrency and the same time a great investment for everyone.

For me this both cash and bitcoin is a great stuff for me, it is depend on you then on what you prefer to used! I used cash for daily used and easy to transact and buy things and goods without hustle and no transaction fee, I used and earned bitcoin in online and I used it as an extra money, I cash-out some and some is for trading and for long term investment.

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July 03, 2017, 02:13:49 AM
 #857

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 guess bitcoin is better than cash and no doubt i guess it is a great investment for everyone instead of banking your cash and w8 for athe yeara and get a small profit bitcoin is a cryptocurrency and the same time a great investment for everyone.

For me this both cash and bitcoin is a great stuff for me, it is depend on you then on what you prefer to used! I used cash for daily used and easy to transact and buy things and goods without hustle and no transaction fee, I used and earned bitcoin in online and I used it as an extra money, I cash-out some and some is for trading and for long term investment.

Yes that's true, it is on us on how we handle and used this currencies in our daily life! all of the people used paper money on there daily routine and not all people used bitcoin.
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July 07, 2017, 04:38:36 PM
 #858

For example you used your credit card to buy something online but you are not that very aware, then you've been scammed.

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July 08, 2017, 03:02:36 AM
 #859

There's so many reasons I could contradict your points with but it would take too much time

Number one is PRIVACY
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July 08, 2017, 03:13:45 AM
 #860

With cash you could use it everywhere. Bitcoin is limited as it hasn't got more support from the majority of the population, because it is still young not even 10 years got over after its existence. In future we can list more good for bitcoin over cash when the price increase very big.

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