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Author Topic: Why Bitcoin is better than Cash.  (Read 13745 times)
DU18
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October 20, 2017, 05:06:04 PM
 #381

I think there is several reasons of why bitcoin better than cash.Firstly,your money can be stolen anytime from anywhere but bitcoin won't be stolen if you keep it on hardware wallet.Secondly,you must give tax to government according to your balance but bitcoin will save your tax fees.If you hold bitcoin you can double your money in short time.Lastly,you can transfer bitcoin anywhere in the world with low fees in a second,you don't need to go bank or anywhere.

jizenlianyong
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October 20, 2017, 06:04:06 PM
 #382

In addition, you can earn very well in bitcoin. And there are several options for how to do it. That's why bitcoin is so popular in the world, and it spreads more and more. It is necessary that as many people as possible know this information about the advantages of bitcoin, then its strengthening in the world economy will happen even faster than planned.
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October 20, 2017, 06:30:07 PM
 #383

In addition, you can earn very well in bitcoin. And there are several options for how to do it. That's why bitcoin is so popular in the world, and it spreads more and more. It is necessary that as many people as possible know this information about the advantages of bitcoin, then its strengthening in the world economy will happen even faster than planned.
Really? Bitcoin has many function and one of functions make Bitcoin become a bad currency in the eye of the government is decentralization. How to grow the world's economy and finance when the government can not tax Bitcoin user? You must to know no one can controls Bitcoin wtih this function.
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October 20, 2017, 06:47:41 PM
 #384

Bitcoin is better than cash in various ways .It provides us an opportunity to earn some money.it provide us with highly profitable investments.It is decentralized in nature which means that government has no involvement in it so transactions made through Bitcoin are tax free.It is easily accessible.These are some reasons due to which Bitcoin is better than cash.

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October 20, 2017, 06:56:36 PM
 #385

There's one thing about bitcoin being the advantage of bitcoin rather than cash that can never be countered, that bitcoin can not be faked, so every transaction we do with bitcoin, bitcoin will always be original. Unlike Cash, banknotes which could be faked and had a lot of counterfeit money in circulation.
Bitcoin can be faked. There's a lot of disadvantages by using Bitcoin compared to regular cash, one of the disadvantages for using Bitcoin is the speed of the payment.

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October 20, 2017, 07:35:34 PM
 #386

There is no country in which there are no hijackers, robbers, terrorists, extortion etc.Without a virtual currency, I think there is no better way to solve this problem.Apart from that, Bitcoin is now the world's leading virtual currency.Those people use virtual currency Bitcoin without taking the bag money.
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October 20, 2017, 07:47:04 PM
 #387

Bitcoin is constantly superior to money. To our bitcoin earnings,we are not responsible on administration and we compelling reason not must pay expenses unless it will be legalized in the specific nation. For bitcoin,we Might undoubtedly send colossal sums for cash for altogether low expense In secondary velocity. With bitcoin,our cash esteem increases,but with cash,our cash Exactly stays unmoving pulley.
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October 20, 2017, 07:57:27 PM
 #388

Bitcoin is constantly superior to money. To our bitcoin earnings,we are not responsible on administration and we compelling reason not must pay expenses unless it will be legalized in the specific nation. For bitcoin,we Might undoubtedly send colossal sums for cash for altogether low expense In secondary velocity. With bitcoin,our cash esteem increases,but with cash,our cash Exactly stays unmoving pulley.

We can really able to say such thing because bitcoin does really give the opportunity for us to earn money since its price is volatile which earning money would really be possible and comparing it to our traditional local fiat system would really be different but on those words you said was true and had some points but remember that Cash would really be stable and still stronger when it comes to support since its being backed by government.We cant actually able to collide a centralized and a decentralized stuff.

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October 21, 2017, 06:41:31 AM
 #389

Bitcoin is also better than cash because it is ACCESSIBLE for people in areas where the government acts in a domineering way, or oppresses its citizens financially.  Venezuela for example.  

Yes. This is one of the primary advantages of Bitcoin. It is extremely difficult for the government authorities to confiscate the coins. I will not say that it is impossible, as we have seen the FBI seizing coins from Silk Road, Silk Road 2.0 and the online exchange BTC-e. But it takes a lot of effort to confiscate these coins and if you are having only a couple of coins in your wallet, then no one is going to bother.
Even bitcoin is hard or easy to confiscate, it is still impossible for me to happen because there is no such a valid reason for the authorities like the police or fbi to confiscate bitcoin and other cryptocurrency because they are working good and there is no harmful activities including them because almost all the people are just using bitcoin and other cryptocurrency for profit or money.
It is a good reason that bitcoin cannot be confiscate by any other department or government nationally and internationally because bitcoin is a decentralized out of control cryptocurrency and if you have a private key of your wallet so your bitcoin is so much safe while cash me be stolen by thieves as well as a department or government can confiscate if there they need or want.

A chance exist here for bitcoin holders to earn from bitcoin because the price of bitcoin is much fluctuated within minutes of time while cash remains the same value for a long time until your government doesn’t take an action in favour of currency.
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October 25, 2017, 08:05:32 PM
 #390


all in fact understand that there is a certain limited number of bitcoins that will be released. For example, the US dollar (and this would also apply to any state currency) is a "dummy", which the authorities can print in any quantity to suit their political interests. With bitcoin, it does not work out that way. He is on his own, and therefore his policy is certainly more honest. Smiley
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October 26, 2017, 04:29:16 PM
 #391

The cache is very good with bitcon.  can you buy anything from the market or make any kind of shopping and you can make payments with your debit card/ cardit card/ shopping card, you do not have to pay any extra fees and no charge.
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October 26, 2017, 04:33:55 PM
 #392

I think there are many reasons that explain why bitcoin is better than cash:
+ At first, We don't have to waste paper to print cash.
+ Second, Cash could be faked, Bitcoin is not.
+ The last, Governments can print cash if they want, they couldn't do with Bitcoin.
There are so many reasons why bitcoin is better than cash. Some are discussed below: -
i.   Bitcoin is secure and decentralized.
ii.   There are no third party included in it.
iii.   No fear of theft and faked.
iv.   There is no intervention of Government.

Wait what no fear of theft and faked...:O
Hacked computer how is that?
Bitcoin is all in internet and if you are not that technical you can loose you bitcoin 100 out of 100 time.
All other points i do agree but still bitcoin is only safe for tech savvy people.
On the other hand for uneducated people cash is still the best option.
And you cannot educate the world education is not free.
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October 26, 2017, 04:42:10 PM
 #393

Bitcoin is constantly superior to money. To our bitcoin earnings,we are not responsible on administration and we compelling reason not must pay expenses unless it will be legalized in the specific nation. For bitcoin,we Might undoubtedly send colossal sums for cash for altogether low expense In secondary velocity. With bitcoin,our cash esteem increases,but with cash,our cash Exactly stays unmoving pulley.

Bitcoins has both pros and cons.

Pros:
Deflationary curremcy
Decentralized
Not controlled by banks
Minable
Ability to buy "stuff" with btcoin
Even appreciating in value
Tradable and transferrable across the world without fees

Cons:
Only vitual: You lose bitcoin if you lose password/private key
Suscetible to forks
Highly volatile
Need to be tech savvy and keep regularly updated about whats happening
some aspects can be too complicated - paper wallet, cold storage etc
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October 26, 2017, 04:50:17 PM
 #394

for countries that have legalized bitcoin will certainly consider bitcoin better than cash, but what about countries that still reject the existence of bitcoin? of course they still use cash as the main payment tool. bitcoin is today's technology and may be for the future. bitcoin works for online transactions, and cash works for offline transactions. this looks more fair
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October 26, 2017, 05:14:57 PM
 #395

Cash is great. When we are right in front of the person we are dealing with. But we are living in the internet era now , which means many many transactions does happen in that way via bitcoin and more to be coming soon by the altcoins.

Also in many countries around the world cash is being abolished right now by the powers that be and the rest will follow too i think.
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October 26, 2017, 05:17:49 PM
 #396

for countries that have legalized bitcoin will certainly consider bitcoin better than cash, but what about countries that still reject the existence of bitcoin? of course they still use cash as the main payment tool. bitcoin is today's technology and may be for the future. bitcoin works for online transactions, and cash works for offline transactions. this looks more fair
But in someday, if the Bitcoin value increases to a value no one expected, do you think the government will use Bitcoin? It will create a panic time, many people will need to using Bitcoin instead of FIAT, they do not want to hold FIAT because the government can know their total money and controll value of FIAT. This is only my imagination for someday Grin.

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October 27, 2017, 10:26:12 AM
 #397

Bitcoin is a virtual currency or a medium of conducting digital transactions. Bitcoin are based on cryptographic algorithms which are encrypted. This currency is decentralized giving ownership to the user. Bitcoin is purchased through an online exchange.Bitcoin allows to buy goods and services online as well as transferring money.With bitcoin we can exchange value without intermediaries. It is faster,cheaper and more secure, it is like an e-wallet which can be created blockchain technology to store and spend digital money and is less volatile than cash.
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October 27, 2017, 10:58:24 AM
 #398

Yes bitcoin os better than cash.  It is a virtual currency that you can use buying stuff in online and can be use for investment purpose too.  Aside from that,  Bitcoins value is way higher to compare to the real currency. Fluctuations in eal currency highly affects the economical status and cost of living.  While fluctuation in bitcoins is way different from the real currency as it is seems that its not fluctuating.

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October 27, 2017, 11:17:13 AM
 #399

For starters, bitcoin can be used using the internet. So, any transactions made like buying online, sending money to someone, etc. are very convenient because there is bitcoin. Even on gambling, everything is simple because of bitcoin.

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October 27, 2017, 12:24:39 PM
 #400

The cache is very good with bitcon.  can you buy anything from the market or make any kind of shopping and you can make payments with your debit card/ cardit card/ shopping card, you do not have to pay any extra fees and no charge.
I think that bitcoin is far better than cash because I cannot use my local currency all over the world. if I want to buy something in other country I will have to convert my local currency into the required one, but in bitcoin there is no such needs of converting currency to use in different countries. And the other benefit is that the investment in bitcoin is increasing day by day as the price go up.

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