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Author Topic: Why Cash is better than Bitcoin.  (Read 99289 times)
DIMKAZDS
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November 03, 2017, 03:23:55 PM
 #1901

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 reason is simple, cryptos are not widely accepted . We live in " FIAT" world, also people do not like change.
In every way cash is better than bitcoin.Biggest advantage is that you can use cash or fiat money offline or in physical.Unlike bitcoin,there is no transaction fee for converting money.Cash can be used by all the people in the world.But for using bitcoin,you need to have an interent connection and basic knowledge about it.Everyone in this world is not literate,so they cannot use bitcoin or any other cryptocurrency.Government also has track record of the fiat money,so there can be no cases of fraud unlike in cryptocurrencies.Common man uses cash for his day to day livings and transactions.
xiaoweidada
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November 03, 2017, 03:34:48 PM
 #1902

Because bitcoin is not yet widely available, there are many people in the world who do not know bitcoin. Many countries even prohibit bitcoin, and not all places support bitcoin payments. However, the future of bitcoin is still very good. Smiley

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November 03, 2017, 03:36:32 PM
 #1903

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

Advantages of cash over bitcoin, yes you can definitely use it even offline. You just need a regular wallet, a purse, or just about anything you can put your cash into and it'll sure work fine. Yes, there are no transaction fees when paying through cash, but there are times wherein you will be required to wait in line, sacrifice energy and time just to be early or stay in the line. I guess that would equate to the transaction fee for the instantaneous do-wherever transaction for bitcoin. But I must disgree that credit cards, ATMs and banks may require transaction fees as well on top of the time that you have waited.

I agree that the payment method through cash, credit cards and atms are widely understood by people. But I must say that paper money also has the risk of being faked and therefore not accepted in stores. Worse is if you get accused for carrying around counterfeit money especially in large volumes without you even knowing it!
Yes definitely cash is better than bitcoin.Unlike cash,bitcoin can only be used when there is internet accessibility.You must know how to use it.Cash can be used by everyone.Even children and also an illiterate person can use cash without any hesitation.No transaction fee is applied on cash unlike bitcoin.For cash,you just need an account or a wallet or maybe nothing.

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November 03, 2017, 03:51:09 PM
 #1904

I agree with the advantages of cash. How about the disadvantages? It is inflation, wasting tree to produce paper, controlled by the government, tax?Huh I don't think cash is totally better than Bitcoin. It is just more convenient

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November 03, 2017, 04:23:21 PM
 #1905

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

Well, for starters bitcoin is a currency that is able to circulate around the internet with ease and convenience. Unlike cash there is a lot of process involved for it to be used on the internet.
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November 03, 2017, 04:28:10 PM
 #1906

The reason why cash is more prefer than bitcoin
* off line transaction
* no transaction fee when you to make payments
* nothing like network problem
smauni
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November 03, 2017, 04:32:59 PM
 #1907

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
But ATM and Bank also have fees. All other thing is better then bitcoin. But now a days bitcoin is a way to become rich. That's why people is going towards bitcoin. And it's becoming famous.
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November 03, 2017, 05:24:23 PM
 #1908

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

*yes agree
*nope, in cash also fees
*Yes agree but nowadays many shopping accept Bitcoin and will be
*yes
*yes
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November 03, 2017, 05:29:04 PM
 #1909

Cash is better for me, at least as of these days, because it is where I got used to paying stuffs or making transactions. However I still see BTC as more of "convenient" way of paying something, like you don't need to pay for transportation or even for the gas of your car to pay bills. Generally both are situational on what is better.
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November 03, 2017, 05:30:41 PM
 #1910

Cash is better for me, at least as of these days, because it is where I got used to paying stuffs or making transactions. However I still see BTC as more of "convenient" way of paying something, like you don't need to pay for transportation or even for the gas of your car to pay bills. Generally both are situational on what is better.
according to my opinion cash is not better than bitcoin because if you change your bitcoin to cash then your improvement in your money will stop because the rate of bitcoin is vary and if you have bitcoin in your wallet and the rate of bitcoin is increase then you can earn more money
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November 03, 2017, 05:37:14 PM
 #1911

Cash is better for me, at least as of these days, because it is where I got used to paying stuffs or making transactions. However I still see BTC as more of "convenient" way of paying something, like you don't need to pay for transportation or even for the gas of your car to pay bills. Generally both are situational on what is better.
according to my opinion cash is not better than bitcoin because if you change your bitcoin to cash then your improvement in your money will stop because the rate of bitcoin is vary and if you have bitcoin in your wallet and the rate of bitcoin is increase then you can earn more money

At the end, most of bitcoin holders will convert it into fiat. There are only few things we can buy directly with bitcoin. Fiat is still the main currency for most people all around the world. Hence, in my opinion, cash is better than bitcoin.

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November 03, 2017, 07:41:59 PM
 #1912

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
But ATM and Bank also have fees. All other thing is better then bitcoin. But now a days bitcoin is a way to become rich. That's why people is going towards bitcoin. And it's becoming famous.
If we discuss about this function and abitily to apply in reality of Bitcoin and Cash, I think Cash better than Bitcoin because you can use it offline, do not need to have internet for transaction like Bitcoin. Of course, you can not make profits from Cash unless you use it to investment, but just holding Bitcoin still can give you profits if the Bitcoin increases.

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November 03, 2017, 09:00:27 PM
 #1913

I think we can't compare. Each coin has own advantages. Cash is suitable for older who are too old to catch technology. While, Bitcoin attracts youngers, who like something new.

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eucliffe
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November 03, 2017, 09:28:51 PM
 #1914

Both works differently although there are lots of similar functionality, the only advantage i can see in cash is that it works offline other than that i believe Bitcoin is superior in every other way, although in the end we all converts our money to fiat for us to use.

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November 03, 2017, 09:33:43 PM
 #1915

money is getting cheaper, and bitcoin is becoming more expensive) and you are not inclined to spend it) and spending money is very cool, it is more likely to accumulate, digital gold is it BTC
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November 03, 2017, 09:50:26 PM
 #1916

There's no need to argue here cash and bitcoin are both important they both have advantages and disadvantages we just have to live with it.
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November 03, 2017, 10:16:39 PM
 #1917

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 thinks booth cash and bitcoin are equal in terms of used.this is not the point which is better the two of them because bitcoins and cash are usable in our daily life.cash is our own money that we used in buying,shooping ,paying transaction bills etc.everyday while bitcoins is also have a different path to used in cryptoworld,it is used also for trading,buying online goods,transaction,investment,exchange trading etc.both of them have an advantages and disadvantages, but have a common purpose in our society.

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November 04, 2017, 02:53:25 AM
 #1918

You can't compare them now. It's absolutely not on the same scale of acceptance to be compared. It's like comparing the PS4 to Tetris. The idea is there, but it needs more development and acceptance in the world.
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November 04, 2017, 03:08:45 AM
 #1919

Cash could easily be damaged (water, heat, physical factors), stolen by criminal, and devalued by inflation.
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November 04, 2017, 03:40:22 AM
 #1920

Cash is real to make people believe Cash better than Bitcoin. Bitcoin is only found in the world of the internet so there are still few who know it.
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