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Author Topic: Why Cash is better than Bitcoin.  (Read 99287 times)
mx667
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October 18, 2017, 04:02:46 AM
 #1721

Cash is better in many ways
1=Easily accepted in markets.
2=No transaction fees.
3=Easily available.

But in future Bitcoin will be accepted by market.

Yes .. Bitcoin is good in many ways, but Cash is also good in certain ways, let alone Cash is our most important transaction tool. For me personally, I only use Bitcoin as an investment and innovation tool to make money via internet. But to pay for various family needs, I keep using Cash. BTC price will always go up and down, I would be glad if the price always goes up .. but if the price goes down it will be difficult to use the transaction. After all, most middle-class people would also prefer to bury Bitcoin instead of spending it.
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October 18, 2017, 04:09:39 AM
 #1722

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
  • Bitcoin can be used 24*7 without moving anywhere.
  • Banks charge fees but I bitcoin its depend on you to give or not.
  • Bitcoin is being accepted by any services and soon it will be spread even more.
  • banks have 0confirmation time because you are going to that person in order to pay.
  • Bitcoin is more secure than banks are.
  • Anyone can see your transaction and balance

IF we want to Transfer money from South Africa to Australia via normal bank transfer it takes 7 days + ,
in case of bitcoins it takes few min only if we set High fees 200 sat per byte...
Bitcoin is Used by young generation , its upcoming crypto world we are the part of this ....

Money can be Stolen by Thieves locally , Difficult to carry such a large amount you have to use some time vehicles...
in case of bitcoin you can store unlimited bitcoin in single address, You have full Z security to your wallet no one can access your wallet without your permission..

We can work from home IF you have talent .. using bitcoins
If you have talent you need to work at particular job for whole day then you will get pay after a month in your bank account...

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October 18, 2017, 04:44:16 AM
 #1723

Cash is currently better than Bitcoin because it is widely accepted worldwide. All countries need and accepts cash. Aside from that, it is the medium of exchange. We use it for payment on products or services we availed. Bitcoin is also good but it is not yet legal for some countries and not all people knows about it. Maybe in the near future, Bitcoin will be as good as cash.
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October 18, 2017, 04:48:10 AM
 #1724

ATMs and credit cards both have fees

For sure, they have fees, but people still use local money of Euro/USD for such electronic payments, instead of BTC.
The Business owners prefers not to have deals with BTC, or they are working with instant exchaingrs to avoid exchange risks.

I think business owners do not tend to avoid bitcoins on the other hand the reason they don't use bitcoins is because it is still not widely available. It will take sometime but I'm sure a lot of you had noticed that this year the amount of services that accepts bitcoins increased dramatically aside from that investors are businessman to and a lot of them are investing to bitcoins.

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October 18, 2017, 05:02:47 AM
 #1725

I think Cash is better than bitcoin because we can easily use it on hand and without fees . There is no doubt about that bitcoin popularity is increasing day by day . Bitcoin is always Gain profits so this cause you told bitcoin is more better than money.

But the cash it cannot rise the value and it is correct it bot have fees for that ,In bitcoins if you can see at the market its always increase the value but if you withdraw on it they have fees.

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October 18, 2017, 05:13:10 AM
 #1726

It is like you are asking a question like this .

Why water is better than food ?

1- Because water fill your thirsty 100% .

  - But there is another side if water is filling  your thirsty . food is the one ending your hunger Smiley .

Until the moment BTC can be printed out on coins . Fiat will remain > BTC offline but the other side is BTC is way > fiat    online . So it is totally 2 different sides .

 Grin i can't stop myself from smiling because of this post. I agree with you. They are both useful and have different characteristics and usage for all of us. We need them both. We can use btc in a limited matters unlike with cash we can use it anytime. They are both useful but it depends on the place and the transaction that you are supose to do.

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October 18, 2017, 05:15:33 AM
 #1727

I think Cash is better than bitcoin because we can easily use it on hand and without fees . There is no doubt about that bitcoin popularity is increasing day by day . Bitcoin is always Gain profits so this cause you told bitcoin is more better than money.

But the cash it cannot rise the value and it is correct it bot have fees for that ,In bitcoins if you can see at the market its always increase the value but if you withdraw on it they have fees.
It doesn't mean that the cash is not that important because these days, cash is still important even there is bitcoin because bitcoin will only help you to grow your money and to make you rich someday while cash is required to make things happen so you need to have them both and it is not necessary to compare them or to just stick with one of them.
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October 18, 2017, 05:26:39 AM
 #1728

Bitcoin will take the place of cash.  like atm card, people don't like to bear money,  they like atm.

Yes cash is better than bitcoin now, its price is stable.
btc price is not stable.
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October 18, 2017, 05:33:38 AM
 #1729

It doesnt matter for me that cash is better than bitcoin. I use bitcoin for investment not for shopping or something. It is doing the job well.
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October 18, 2017, 05:40:26 AM
 #1730

Cash is better in the case that in daily life you have to go the shopkeepers and markets where crypto currency is not yet possible to exchange yes it will take time may in the near future is it possible but now days is it not possible that why cahs is better
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October 18, 2017, 05:50:57 AM
 #1731

People use cash because its the easiest way to use for transaction. Cash money also accepted in any of shop all around the world.
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October 18, 2017, 06:02:30 AM
 #1732

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 with you on those issues that you mentioned above, Basically, I like Bitcoin because of getting a multipurpose benefit, you can use Bitcoin for the purpose of shopping, saving, Investment, payment method and so on. besides this issue, Bitcoin also a profitable platform for making money within a short time. on the other hand, Cash is only using for our regular purpose, not for making a profit as much as Bitcoin, so I always prefer Bitcoin rather than Cash.
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October 18, 2017, 06:04:49 AM
 #1733

Pretty straightforward, Cash Is King, i guess no one could make an entire living with cryptocurrency at least for now, arguably cards (including cryptocurrency cards) are accepted in big stores and you debit and shop almost everything, BUT It's risky though if you are a mobile person, hidden fees of course as op mentioned.

I guess nobody would prefer crypto over cash when it comes to your payment slip, the exchange for physical goods get so messed up considering the fluctuation price of BTC

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October 18, 2017, 06:08:30 AM
 #1734

why majority prefer money fiat currency to bitcoin is that for now fiat currency is what you can use to purchase items in most places.
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October 18, 2017, 06:19:41 AM
 #1735

Not for now.
If it mainstream and the governments will conclude its legality then it might be included to the curriculum.
I doubt that will happen. With the other countries already banning bitcoin. Other countries will question why?
So they will do research about it which could lead to a very bad conclusion.
Because of the anonimity of bitcoin, it could be considered as a way to buy illegal products.
I still dont see it as being added lesson in schools. Perhaps someday.
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October 18, 2017, 06:20:32 AM
 #1736

why majority prefer money fiat currency to bitcoin is that for now fiat currency is what you can use to purchase items in most places.

That is one of the advantages with fiat currency. You can easily use it for shopping. With Bitcoin, it is quite difficult. First of all, there are not many shops which accept Bitcoin. And secondly, the transaction fee is too high that it can't be used for mid-sized and small-sized transactions. Another problem is with the delay in the confirmations.

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October 18, 2017, 10:20:31 PM
 #1737

I feel this relies upon on the consumer, if funds more then looks bitcoin is much better than cash, we ought to acknowledge the present users of money is a lot more dominant than the digital funds or bitcoin.
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October 19, 2017, 12:24:46 AM
 #1738

It doesnt matter for me that cash is better than bitcoin. I use bitcoin for investment not for shopping or something. It is doing the job well.

Well said bitcoin is really an investment that can multiply your fiat money. Cash is better than bitcoin yes simply because it is accepted everywhere but we must see bitcoin as a good investment opportunity that can make us more liquid in the future. Bitcoin is best on its own meaning don't for that, a bright future for us.
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October 19, 2017, 01:23:53 PM
 #1739

People use cash because its the easiest way to use for transaction. Cash money also accepted in any of shop all around the world.
In our days now cash is really the means of our exchange now while bitcoin is not but maybe in the future bitcoin will also be possibly are means of exchange if the people would accept this a lot.

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October 19, 2017, 01:54:13 PM
 #1740

because cash can buy instantly in many store like food or everything unlike bitcoin you need to exchange first into money.
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