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Author Topic: Why Cash is better than Bitcoin.  (Read 99323 times)
munareal
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January 05, 2018, 08:14:10 PM
 #2601

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
There are two sides to a coin and every thing is base on preferences. Cash is better than bitcoin as stated and is really important to our daily use  and need . I will rather invest in bitcoin as the profit I will get on it can not be paid as interest on same value deposited in conventional banks. Most people convert their bitcoin earnings to fiat so as to attend to their daily need.
jhean_arcane
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January 05, 2018, 08:18:56 PM
 #2602

In my country, when you say bitcoin, majority of them immediately equate it to Ponzi Scheme. But we can properly educate them as long as we know what we are talking about. Of course, for now cash is waayyy better than bitcoin because it is generally the mode of exchange to basically everything. However, have you ever heard of a rule saying "Don't put all your money in one basket?". Cryptocurrency is just one of the baskets that has a great return potential. Since we are gearing fast  towards a future which everything is digital, we have to be prepared to invest in digital money as well. So is cash is better? For now.

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sirkings0003
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January 05, 2018, 08:50:00 PM
 #2603

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
All these are good qualities of fiat currency including its power of liquidity. However, bitcoin also has its own powerful qualities, including its rare quality of
bitcoin.

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Glutius
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January 05, 2018, 09:11:29 PM
 #2604

Everything has own value and advantages. It is hard to say which is better. I think they can develop together. And the human will have profit
Interesting opinion. In fact, many investors and analyst traders now adhere to the fact that crypto-currencies and paper money will develop for a long time together. But it certainly is not accurate. I am inclined to believe that in a few years there will be a sharp and global revolution in the implementation of crypto-currencies in the societies around the world.

dbijoy
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January 05, 2018, 09:42:02 PM
 #2605

cash is better than bitcoin must be uses.beacuse cash is no problem marketing and always use it any time any man.but bitcoin is not better than money.when the bitcoin use cut any cost other side.many people is not use of bitcoin.cash is creadit card not use or chack not use,always simple use is cash it is good shoping side use.
romecheo
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January 05, 2018, 10:07:03 PM
 #2606

For some people or some countries, money or fiat are better to have than Bitcoin. Yes, if someone travel with cash, and wanted to buy something or services, they don't have to wait for confirmation, Instant transaction will be done.

We have to consider the fact the humongous demand on Bitcoin are resulting to high transaction fee.

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January 05, 2018, 10:13:27 PM
 #2607

For some people or some countries, money or fiat are better to have than Bitcoin. Yes, if someone travel with cash, and wanted to buy something or services, they don't have to wait for confirmation, Instant transaction will be done.

We have to consider the fact the humongous demand on Bitcoin are resulting to high transaction fee.
yes with the longer each block confirmation from blockchain will certainly also affect the use of bitcoin with transactions directly but if it is dealing with the asset then bitcoin is not a problem

jeanpadel14
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January 05, 2018, 10:15:56 PM
 #2608

Cash better in bitcoin in paying items in mall,also in other transaction.Now the bitcoin has not been known by most of people specially when we use it in paying items like in mall they not yet accepting bitcoin.When we use cash no  need for confirmation.And specially when we travel cash is important.

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Halooooo7
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January 05, 2018, 10:21:38 PM
 #2609

I like using bitcoin because it is very easy but actually i can't buy my breakfast with bitcoin so both of them are good for now lets see what future hold.
Jake_Shannen
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January 05, 2018, 10:24:03 PM
 #2610

One of the reason is its established acceptance. Cash is accepted and understood by everybody so the trust is already there. This is the main advantage of cash over cryptocurrency. The tangibility of cash allows the consumers to be secured that they have the amount they're supposed to have.

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January 05, 2018, 10:25:49 PM
 #2611

Cash is the first currency that everyone knows.  It work in different countries. There are countries who are not aware of this bitcoin or ler say countriesxthat dont really into online because they not centralized when it comes to wifi. Still  ash is universal currency that people are used to. Bitcoin is new to all.
Macai
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January 05, 2018, 10:55:49 PM
 #2612

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
Acceptability really is the biggest advantage and the difference why we say fiat money is better than bitcoin. Unlike fiat money, we can only transact using btc with people or institutions that accept btc as means of payments.
reymartH
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January 05, 2018, 11:09:43 PM
 #2613

Dollars are better than Bitcoins. There's no doubt. I don't have to purchase dollars with other currency to buy things that I'd normally buy anyway. If I can't use dollars, physical or virtual ones, then I probably don't need whatever it is. If I have to buy another currency to get what I want, then I'll do without. Dollars will spend anywhere and I can use them anonymously or not.
loof99
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January 06, 2018, 04:01:13 PM
 #2614

I think the reason behind why many people in the whole world says that cash is bettern than bitcoin is because of most of the countries recognize cash or fiat money as more liquid and have a legal tender that can be use in any means of transaction. Many people prefer cash because of its physical appearance and there is representation of ownership once it is in your possession.
webdevmastery
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January 06, 2018, 04:46:34 PM
 #2615

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

Credit cards is very convenient when you do not have the physical cash. People are using cash because it is the first currency that we used when bitcoins is not yet existing. Fiat does not have risk but in business and investment there is always a risk, It is not always necessary for you to invest if you do not have the guts to lose something in return, You can apply my scenario in all aspects.
Tavarez
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January 06, 2018, 06:49:58 PM
 #2616

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

oh man, I disagree with your comment.... first banks are evil and they control our financial state. second ATM's and credit cards have fees as well (at times higher than in crypto world). food and stuff can be paid with xapo btc cards (doing instant conversion of btc into currency on the site where you are buying products). You need to inform bit more.
RudeeTam
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January 06, 2018, 07:01:22 PM
 #2617

Cash will always be better than bitcoin because it is more accepted in our current society. It's waaaaaaaaaay faster than bitcoin in transacting which is what people want nowadays. It's even online when you need it. But the main thing that it lacks is ability to increase exponentially in price per unit.

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dupee419
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January 06, 2018, 08:48:48 PM
 #2618

Maybe you're wrong cash is better than bitcoin? No way because for me bitcoin is better than the cash why? It is simple if you have a bitcoin it looks like you have a money too and bitcoin is a currency yes it is a digital currency and it can be a cash but you need to do is to convert it into a loval currency so uou can use it to buy some things that you want
Chainblock
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January 06, 2018, 09:45:23 PM
 #2619

The mainstream acceptance and backing of governments are primarily what set cash apart from bitcoin. You can just easily carry cash wherever you go and buy whatever you want with it and your transactions would go through even by the mere exchange of goods and services without the need for any internet connection.
m9shn9sh
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January 06, 2018, 09:52:13 PM
 #2620

Since bitkoin has not yet been accepted all over the world and is used day by day, money seems better than bitcoins. But in the near future cryptocurrencies will replace traditional money.
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