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Author Topic: Why Cash is better than Bitcoin.  (Read 99328 times)
Susie_Mich
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July 17, 2017, 02:46:58 PM
 #961

Both have some positive and negative impact on using or saving to you. Cash is relatively better than Bitcoin Because of availability and acceptability at everywhere. But in terms of security cash is not better than Bitcoin. Not only that but also in terms of profit Bitcoin always better than Cash. So both can be a great source of money in specific field.

And we know that availability and acceptability of BTC are becoming more wider everyday in different countries and markets.
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July 17, 2017, 02:59:39 PM
 #962

Of course cash is still better than bitcoin or any other digital currency around. Bitcoin is only good right now as an investment as its function as a currency has lagged way behind due to the limited number od merchants accepting it, while cash is pretty much accepted everywhere. Now, this may be the case presently but our grandkids might be talking about it differently 30 or 50 years from now.
Throughout the years cash is leading for it is our main way to pay bills or whatever you purchase using it. For some reason,bitcoin has also played a significance in our industry or in the market. Though it is a transparent money yet it has given many opportunities to people who want to have an extra income or somewhat investment. Cash is definitely better than bitcoin but without cash bitcoin won't exist and maybe soon, it will have a big name in our society.
Yes, cash has existed long time ago, it is used throughout the years in all countries by people around the world. Bitcoin has just been used nowadays, it has just been famous. absolutely cash is better than Bitcoin. I don't say Bitcoin is bad but it still have some disadvantage. Anyway, Bitcoin will soon become strong and be used worldwide.
Yes of course this will become strong and the whole world will adopt this in the future.  But cash type of money can be spend directly compared to bitcoin which you don't need to exchange in order to generate fiat cash money. Cash money is a quick type of spending offline for local goods at your place and bitcoin can only be used only for online purposes, and can be used to appreciated through using it by quick payments to persons to be transfered wallet to wallet transactions.
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July 17, 2017, 07:32:23 PM
 #963

I think three reasons may be focused in this case. 1. acceptability 2. credibility and 3. availability... these three factors make them whether superior or inferior.
but cash is only accepted in a selected area. for example a cash can only be use within a state, while usng t in another country you need to change your cash into into local currency where you want to use it. while bitcoin is a universal currency and it can be use anywhere in the world without changing it into local currency.
Also Bitcoin will not for micro transactions, to buy something thats worth a few cents, no. Bitcoin is specialised, and can be better than cash in terms of security, and you can expect its price to continue to rise

So you can't do micro transactions with bitcoin.
Then the whole point you made it above about international currency falls apart.

Cause I'm not going to fly to Bahamas to pay for a car with bitcoins.
I can do that safely with a wire.

What's the point of carrying bitcoin with you as long as you can't buy alcohol or whores on a trip?

Both 1 2 and 3 are 0000.1% of the consumer market right now.

Without the fix on Aug1st nobody will use bitcoin instead of cash.

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chineseprancing
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July 17, 2017, 08:31:07 PM
 #964

Cash is more easy to use than bitcoin, because is use everywhere. However bitcoin is easy to earn than cash because in cash you need to work hard. While in bitcoin you can work easily and sometimes you can make your own business or investment.
PancherBitCoin
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July 17, 2017, 09:59:03 PM
 #965

Cash is more easy to use than bitcoin, because is use everywhere. However bitcoin is easy to earn than cash because in cash you need to work hard. While in bitcoin you can work easily and sometimes you can make your own business or investment.
But But we really agree with you that Bitcoin is making money and is slightly lighter than cash. I also very much doubted that everything was and give me a good and stable income, but to date I have become convinced of this and I am very glad. Crypto currency in spite of some weight is still easier than physical labor.
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July 17, 2017, 10:33:22 PM
 #966

I think some would prefer cash over bitcoin especially in countries who are not accepting bitcoin now is because it is more accessible in buying things they need daily. I think that's the main reason why mostly they would go for cash than online currency.
Up to some extent you are right, dude. Only third world countries will prefer cash over digital currency. But if we talk about developed countries where online buying and selling is very common, digital currency in the form of bitcoins will be the preference of masses. People don’t like to carry too much cash, they feel comfortable with digital currency and bitcoins are the best option in that context.
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July 18, 2017, 09:44:30 AM
 #967

I think some would prefer cash over bitcoin especially in countries who are not accepting bitcoin now is because it is more accessible in buying things they need daily. I think that's the main reason why mostly they would go for cash than online currency.
Up to some extent you are right, dude. Only third world countries will prefer cash over digital currency. But if we talk about developed countries where online buying and selling is very common, digital currency in the form of bitcoins will be the preference of masses. People don’t like to carry too much cash, they feel comfortable with digital currency and bitcoins are the best option in that context.
Me too I was prefer the cash either bitcoin because cash was much easy to use than bitcoin. Most of the people was like to accept cash than bitcoin, also bitcoin price was declining price this moment not like cash example dollars that stable.
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July 18, 2017, 09:58:12 AM
 #968

Me too I was prefer the cash either bitcoin because cash was much easy to use than bitcoin. Most of the people was like to accept cash than bitcoin, also bitcoin price was declining price this moment not like cash example dollars that stable.

Acceptability is not a major issue, since you can convert your coins very easily using any of the local or international exchanges. But volatility is the main issue. No one is sure about the future exchange rates. And the worst thing is that the prices can swing by as much as 20% in a single day.
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July 18, 2017, 10:27:20 AM
 #969

bitcoin new era of digital currency,cash is sometimes better for purchase small things.cash has no transaction fees.we can buy anything and in emergency situations.but in future bitcoin is the currency,to buy things any where.we have number bitcoin wallets also.bitcoin is also cash.bitcoin price is also very high.so we can not spend bitcoins for small things.
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July 18, 2017, 12:48:23 PM
 #970

I think it's true that people prefer fiat money from bitcoin .. maybe it's because they're afraid of losing some of their bitcoin because of the unstable bitcoin of digital currency. And easy to hack by someone who is not responsible. But the weakness of cash money .. can not be used as a long-term investment .. and the exchange rate tends to fall. If we have lots of paper money then we are suliy to save it .. but if digital is easier to save
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July 19, 2017, 01:25:27 PM
 #971

Of course cash is still better than bitcoin or any other digital currency around. Bitcoin is only good right now as an investment as its function as a currency has lagged way behind due to the limited number od merchants accepting it, while cash is pretty much accepted everywhere. Now, this may be the case presently but our grandkids might be talking about it differently 30 or 50 years from now.
well! We cannot say that the bitcoin is bad as a currency and cash is better than bitcoin because both have some bad and some good impacts if the bitcoin is good at investment and not good for payment just because of the transaction and conformation time than the most positive feather of the bitcoin is that it is a most save and secure currency so! I think both the bitcoin and the cash are better at the same time.

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TheReamer
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July 19, 2017, 01:26:40 PM
 #972

It's not. It's risky to carry cash, that's a big downside.

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July 19, 2017, 01:27:00 PM
 #973

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
Yeah you're answer is correct and of course fiat money is our global currency.

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July 19, 2017, 01:40:49 PM
 #974

Cash are many advantage than bitcoin, cash was easy to spend and all stores accepting it while bitcoin is just selected stores accepting it. Anyone can have cash but bitcoin is just few people who already know what is crypto currency and poor can not access it.
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July 19, 2017, 01:58:30 PM
 #975

For me cash is better than bitcoin because it is easy to spend everywhere like for example, you can easily buy and pay anything and all stores are accepting cash, you dont need to convert it. Unlike bitcoin some store accepted it but some did not and also some don't know what bitcoin is.
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July 19, 2017, 02:48:13 PM
 #976

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 an instance, cash is better than bitcoin it terms that it can be accesse easily without getting or needing an access online or through internet. It will also make you possible to make fast and easy payments because cash is still the accepted and trusted way of payment in most of the establishments in any country. Cash can be better than bitcoin depending on the usage and storage vise versa.
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July 19, 2017, 02:52:35 PM
 #977

cash is more stable than bitcoins offcourse.

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July 19, 2017, 05:16:42 PM
 #978

It is better in cash, because bitcoin prices are hard to predict, a few weeks ago it dropped in dratty but is now beginning to creep up again.
Maybe for those who like buying and selling bitcoin will be different again.

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July 19, 2017, 05:34:14 PM
 #979

Bitcoin is the best from other currencies. If we keep the other currency in the bank, then the ATM card and bank cut many coins from us.
 
But Bitcoin does not cut any coins. Which is safe for us as well as beneficial. If we use bitcoin than other uses of cash, then there is no risk to carry on with it. If my cash policy is then it is likely to be worried.
So we can be safe using bitcoin
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July 19, 2017, 06:02:28 PM
 #980

* Work offline 100%

Sure, Cash (as in paper) does that, however CC's, PP and 99% of used payment methods does require a connection/network access etc... bitcoin can be the same as them, for example, using a hardware wallet or a smart phone, you can scan a QR code and send it,
Cash (paper) has many disadvantages and we aren't using Credit Cards just because they look cool, but because they cover the weaknesses of cash, same is for bitcoins.
* No fees.

Again, That's just for paper money, other fiat payments have fees
* Accepted for Food Shopping & Micropayments
Like EVERYTHING else
* 0 confirmations time
No, CC do have confirmation time exceeding bitcoins by far, that is infinity. since a CC payment can be reversed in any time if it was reported as theft, same for PP, only paper cash, which is inconvenient in ways, does not have a confirmation time.
* 0 exchange risks

Here we part, there is a risk of counterfeiting, theft etc... even for paper money, as well as loss to damage, so not 0% risk. The same applies for CC or bitcoins, if you don't compromise your own CC details or your computer, you don't lose anything.

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