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Author Topic: Why Cash is better than Bitcoin.  (Read 99292 times)
Ayiranorea
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August 03, 2017, 05:08:30 AM
 #1141

In countries like Venezuela Bitcoin is better than cash if you want to go to a restaurant, you will need a lot of cash to pay, and there's a cool fact, the max withdrawal via ATM it's less than 1$
I don't find this to be true. If $1 is the maximum withdrawal amount then what can be bought using the same. Venezuela has got large number of mining firms. Recently regulations were made on these mining too, has got the highest oil production. Then why such a drop in the money value of the country's currency.

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eann014
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August 03, 2017, 05:13:02 AM
 #1142

cash is very easy to use,no need wait for transactions,some merchants do not accept the bitcoin.
so in this cases cash is better.
Yeah cash is better when it comes in physical appearance. We can use cash whenever we want because it is just in our pocket so we can use it easily. Bitcoin has transactions. But I still want to have them both. I can earn bitcoin online, and for me bitcoin has no hastle when it comes in transaction because I expect the money when the time I withdraw it. I know what time will deposit in my bank account so that is not a problem with me.
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August 03, 2017, 05:14:28 AM
 #1143

One of each is .. get cash does not need to use internet connection while a bitcoin can only be processed through internet connection, and while cash can be got directly without process through internet and can directly used / in spend. Like working in a company, and we get a cash salary that is paid directly by our boss. In addition, bitcoins are not yet controlled by government or other authorized financial institutions such as real cash.

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August 03, 2017, 07:08:06 AM
 #1144

The main advantage of Bitcoin Cash compared to the old bitcoin is that it is cheaper and transactions in its block are faster. Nevertheless, as noted technical director of the Internet exchange cantor Ripple Stefan Thomas, the problems that led to the division of bitcoin have not been resolved.
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August 03, 2017, 08:08:35 AM
 #1145

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 today's business world, liquidity becomes one of the prima donna because it shows how big a business's ability. So cash is a very important and high value business asset. With uncertain market conditions, it is very prudent to withhold cash to maintain stability if suddenly unforeseen conditions occur in the stock market.
Fireblade
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August 03, 2017, 08:49:52 AM
 #1146

In countries like Venezuela Bitcoin is better than cash if you want to go to a restaurant, you will need a lot of cash to pay, and there's a cool fact, the max withdrawal via ATM it's less than 1$
i think that in very little countries may be the facilities are that bitcoin will be use in restaurant and in other shopping malls for shopping, but in all other countries bitcoin has very limited facilities.
shiningstar
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August 03, 2017, 09:57:39 AM
 #1147

The points you stated are true. I still believe that cash is better than bitcoin, except the fact that we can't really get rich from it unlike bitcoin.
Well, since my country hasn't legalized bitcoin, and there's no place for me to spend it, i prefer cash to transact though.
And also, the fee is high? I don't know, since i never use bitcoin before.

Ronaldcoin2017
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August 03, 2017, 10:08:27 AM
 #1148

The points you stated are true. I still believe that cash is better than bitcoin, except the fact that we can't really get rich from it unlike bitcoin.
Well, since my country hasn't legalized bitcoin, and there's no place for me to spend it, i prefer cash to transact though.
And also, the fee is high? I don't know, since i never use bitcoin before.
yes i agree because as what we have seen. There are a lot of people using local cash .because no local market is accepting bitcoin.if you used bitcoin for buying they dont accept it. You need to go to the exchanger to convert your bitcoin to cash.that was the reality.in short local cash is verry easy to used than bitcoin because local cash is from generation to generation.it is verry well known to everyone living on the respective place.
mornabo
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August 03, 2017, 11:11:18 PM
 #1149


Cash still being better then bitcoin due to the multiple ways you can use it, while bitcoin for now its limited to digital marketplace, but remember fiat is centralized, while bitcoin its decentralized and with a huge potencial of grow value.
Of course at this time where the technology is not too sophisticated of course many people would prefer to use cash money to shop and any transaction, because with cash you can shop anywhere, whereas with digital currencies such as bitcoin is still very limited
lousie9
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August 04, 2017, 01:42:53 AM
 #1150


Cash still being better then bitcoin due to the multiple ways you can use it, while bitcoin for now its limited to digital marketplace, but remember fiat is centralized, while bitcoin its decentralized and with a huge potencial of grow value.
Of course at this time where the technology is not too sophisticated of course many people would prefer to use cash money to shop and any transaction, because with cash you can shop anywhere, whereas with digital currencies such as bitcoin is still very limited


Bitcoin will replace the cash if the government regulations are final, they still have limited knowledge of bitcoin so keep using conventional payment patterns, many people can do bitcoin transactions through android, and I believe it only takes legal right to be booming in a short time.


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winderx
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August 04, 2017, 01:55:45 AM
 #1151

i dont think it will completely replace cash. For older generations it will be difficult for them to pick up technology, cash for now is still irreplaceable
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August 04, 2017, 02:02:07 AM
 #1152

i dont think it will completely replace cash. For older generations it will be difficult for them to pick up technology, cash for now is still irreplaceable

More importantly cash works offline. For real purchases bitcoin is more similar to a credit card than it is to cash and a lot of people don't like using credit cards.
unknown-user
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August 04, 2017, 02:05:27 AM
 #1153

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 will still be better than bitcoin because of uses and addition to that it was legalized by the government so you can used it anytime and anywhere. When it comes to its value it was fixed unlike to bitcoin every seconds it changed. But its good to have bitcoin because by this i can saved money and convert it into fiat to buy things that i want.

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August 04, 2017, 03:37:49 AM
 #1154

the best way to convince people to using bitcoin is for invest in a specific bounty program campaign. if other ways to use or buy something for using it better for me cash
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August 04, 2017, 04:13:11 AM
 #1155

Cash is better than bitcoin because it is acceptable by everyone, easy to use and easy to transact. Bitcoin is far compare to cash, but i believe that someday btc will use a main way to transact online. Investing your cash with bitcoin today will surely help you achieve your goal in life.
Of course cash is better now because cash is used by all people in the world so cash is accepted anywhere. Different from bitcoin that is only used by some community in the world only, maybe bitcoin will be better than cash when bitcoin has been accepted anywhere as done by cash, is it possible?
Fappanu
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August 04, 2017, 04:13:16 AM
 #1156

I think before bitcoin have not a great value, cash is better than bitcoin because it have a fix rate and easy to do a transactions. But now when bitcoin is known in most country, Bitcoin is better than cash now. It's have a plenty advantage than cash now.
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August 04, 2017, 05:07:39 AM
 #1157

I think before bitcoin have not a great value, cash is better than bitcoin because it have a fix rate and easy to do a transactions. But now when bitcoin is known in most country, Bitcoin is better than cash now. It's have a plenty advantage than cash now.
Bitcoin provides a great investment but cash does not, bitcoin is not subject to inflation while cash is, they have both advantage and disadvantages
so I can say that both are useful. When you like to invest you hold bitcoins but the end of the day when you cash out you need cash
in order to spend your profit.

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August 04, 2017, 05:11:50 AM
 #1158

I think before bitcoin have not a great value, cash is better than bitcoin because it have a fix rate and easy to do a transactions. But now when bitcoin is known in most country, Bitcoin is better than cash now. It's have a plenty advantage than cash now.
lets all hope that many more people look at this way so bitcoin will be recognized and begin being use as a process of payment and many more
transaction will be available as it was the real intention why bitcoin has been created not just an ordinary investment but a product that will lessen
our delayed in terms of transactions.
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August 04, 2017, 05:16:07 AM
 #1159

Actually bitcoin is not yet as popular as cash/atm/banks, but if it would be popular then the demand for it will gradually increase. Bitcoin is not yet compared with fiat butit is used most comonly for trading, investing, mining, lending and earning huge profits. Bitcoin is used to earn some extra money online. Its a cryptocurrency. Those who know theimportance and uses of bitcoin will never compare it with other money.
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August 04, 2017, 05:20:55 AM
 #1160

* Work offline 100%
  Not much of an issue in today's always connected and on internet connection. To make payments from home, even if you use CC you need to have an internet connection

* No fees.
   I have always been charged fees for using Credit Cards/ATMs and debit cards. Banks also usually charge service fees for maintaining accounts

* Accepted for Food Shopping & Micropayments
   Acceptance of cryptos can catch up

* 0 confirmations time
   Yes but risk to traders of chargebacks

* 0 exchange risks
   ?
* anyone is able to understanding of the value of payment
   1. Bitcoin has fixed supply so there isn't much to worry about the value going down unlike fiat.
   2. Extremely low fees for international payments
   3. Improvements in Bitcoins and crypto  come in rapidly (in months). Cash and banks undergo improvements once in a decade if we are  lucky
   4. Decentralized, No banks, no govt hold your and control your money
   5. Hold it, you get richer as value rises
  
 


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