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Author Topic: Why Bitcoin is better than Cash.  (Read 13177 times)
Wesimon
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September 24, 2017, 01:45:01 PM
 #81

I choose bitcoin over cash because when you save bitcoin it will profit unlike in cash if you kept it, it will remain the same. Even if you invest it in the bank the interest you will get is so small. That's only one of the many reasons why bitcoin is better than cash. Your success in bitcoin is faster when you invest to it.

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September 24, 2017, 01:47:50 PM
 #82

There are no boundaries to Bitcoin or cryptocurrency. No exchange values and no third party interventions. Bitcoin allows seamless transactions across nations with a ledger getting maintained at the backend.
 

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September 24, 2017, 01:54:08 PM
 #83

Bitcoin is always better than cash.For our bitcoin earnings,we are not accountable to government and we need not have to pay taxes unless it is legalized in the particular country.With bitcoin,we could easily send huge amounts of money with very low fee at high speed.With bitcoin,our money value increases,but with cash,our money just remains idle.

Yes it is bitcoin is better than cash in the sense that it is volatile it may raise its own value and the profit is yours, but lets accept the fact that it still have limits that we should deal with, most of the contries dont legalized bitcoin yet so we can say that it is not acceptable to be as payment for most of the trading and exportings product worldwide, dollars, euro and other currencies still being used for the payments in which higher position is working on oit and some of the contries review the potentials and capabilities of bitcoin and how can this system imprive the exonomy in each states and its future contributions.
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September 24, 2017, 04:46:17 PM
 #84

both is different.
bitcoin is asset not for buy something. just for makes profit and money for life necessities.
we aim to make bitcoin replace cash. not just asset. bitcoin price need stable to have accept from many people

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September 24, 2017, 05:49:33 PM
 #85

No Doubt it gives ease and privacy to our transaction that why it is growing like anything. But it is only suitable for big transaction coz if you want to transfer small amt. say $1, it will charge you nearly 50% fees. So people will not prefer it to buy daily use items like grocery, ice cream etc
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September 24, 2017, 06:03:08 PM
 #86

Cool that you're posting this here, but I don't think this is the right place. Most people who come here already know the advantages of bitcoin.

You probably should post it on a 'regular' forum where people don't know about bitcoin. It's better to spread awareness there then here.
Telling your friends/family also works better than posting here.

okay. thx for the note mate. I wonder if there any other benefits of crypto, as I wrote above?
Aside from the benefits posted above, most of which are the more technical benefits about bitcoin, practically we can say its better when it comes to security especially when your on a bad area or highrisk country. You can be mugged or held at gunpoint, forced to give your cash or make withdrawals with your cards, but i doubt if any street thugs would ask you if you have bitcoins.

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September 25, 2017, 12:21:30 AM
 #87

Bitcoin is alway's better than cash , because if you have money you can buy immediatley you want. But if you have bitcoin you can gain more money than you have in cash in easy way , and if you have bitcoin your money can get double if you want and your dream can get success if you focus in bitcoin anything that you want you can get in bitcoin. That's bitcoin is alway's better than cash.  Smiley
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September 25, 2017, 01:46:43 AM
 #88

For some transactions such as cash may be better than bitcoin, but in general bitcoin is better than cash because it can be a long-term investment.
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September 25, 2017, 02:05:42 AM
 #89

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.



Statements:
1. True
2. True
3. False, i beg to disagree since it is based on blockchain network via online transaction, a minimal network transaction is required
4. True
5. False, since bitcoin transaction process as fast as  7 transaction per second and with over a thousands of daily transaction so confirmation time takes more than an hour.
6. True
7. Partially true, retails and merchant adaption is still not widely applicable ,techpreneur has an advantage of bitcoins and some old-fashioned traditional enterpreneur will take some time to adapt this technology.
9. No terminal fees but we must need online blockchain network to signed your transactions so there is still a fee.
10. True
11. some countries need KYC and AMLC compliant to operate bitcoin based gambling, tading and bank transactions.

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September 25, 2017, 02:10:11 AM
 #90

The validity of the cash can be known for a long time. Except for the dollar a constantly updated version of the other currencies is coming out. It also loses value for money against inflation. there are many disadvantages of cash money.



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September 25, 2017, 02:12:51 AM
 #91

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.


Yeah that is true. That's why the bitcoin is created. Bitcoim is now better to use than cash because it has more security than cash. Bitcoin is our future money and I know that all of the people will use it in the future.


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September 25, 2017, 02:16:35 AM
 #92

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.


For me cash and bitcoin is better becuase cash can buy anything and bitcoin is the way to get or earn money so for me cash and bitcoin is better , but its more advantage if u have a cash becuase yuo can use this anywhere.
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September 25, 2017, 02:37:49 AM
 #93

Bitcoin is always better than cash.For our bitcoin earnings,we are not accountable to government and we need not have to pay taxes unless it is legalized in the particular country.With bitcoin,we could easily send huge amounts of money with very low fee at high speed.With bitcoin,our money value increases,but with cash,our money just remains idle.

And even if you are traveling overseas then there is a limit to carry certain amount of cash and there is always a risk of loosing money or getting stolen or robbed but you can carry any amount of bitcoins in your bitcoin wallet and no one will come to know how higher amount of money you are carrying with you.
Bitcoin is created with the bound to experience development and growth . And as a part of technology we can deal with more Innovation in terms of the ways of transaction. You are actually right that bitcoin is a form of crypto-currency that could be used in a cashless form of transaction for a source and faster transaction. It could also give people a chance to invest, trade or transact with the used of the technology or the internet.


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bololord
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September 25, 2017, 03:17:12 AM
 #94

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.


Bitcoin is better than cash becuase bitcoin have a potential to increase so much high but cash is stable in its own price but i think ymif you have a lot of bitcoins you can convert it in to you local money so thats why bitcoin is like a cash.
Pejoh Asu
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September 25, 2017, 04:14:24 AM
 #95

Because bitcoin is anti inflation, this is because the bitcoin is decentralized so it proves to be able to adjust between market needs. while cash many weaknesses for example can not fight inflation.


 
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Yakamoto
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September 25, 2017, 04:26:49 AM
 #96

Because bitcoin is anti inflation, this is because the bitcoin is decentralized so it proves to be able to adjust between market needs. while cash many weaknesses for example can not fight inflation.
Just because something is anti inflation does not mean that it is a "better" asset, really. Deflationary economies do not really have any major improvement when it comes to business investment, especially considering that your assets merely get more valuable as time drags on. That is one major pitfall of deflationary assets, however do they provide a lot more value to the average person since they keep more of their value as time progresses, and their past work potentially gains value instead of loses it.

Fiat has it's up and downs. Mostly down, but there are certain benefits.
Creepings
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September 25, 2017, 04:34:13 AM
 #97

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.


For me cash and bitcoin is better becuase cash can buy anything and bitcoin is the way to get or earn money so for me cash and bitcoin is better , but its more advantage if u have a cash becuase yuo can use this anywhere.

You are saying that having bitcoin and cash together is good but still you are going for cash, you are confusing. Today, I think I will be still voting for cash because bitcoin is still limited in some ways while cash can be used to almost anything you wanted to. It is the same as bitcoin but not all of the people are using digital currency.
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September 25, 2017, 05:11:22 AM
 #98

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.


Becuase if you hold bitcoin for a long time maybe you will get a high amount of money or bevome double becuase bitcoin stikl increasing as far as now so thats why many people compared bitcoin to cash and bitcoin is better than cash.

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josephpogi
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September 25, 2017, 05:23:20 AM
 #99

What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

Look at the benefits of bitcoin.

* Works online 100%, 100%transparent for private and commercial use. Total control of private or public money for it's holder or holders, investors, governments etc.
* As It's works online there no need of expensive steel safes or bank deposits to keep your money safe. Any password or time code can be used.
* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.
* Accepted for Food Shopping & Micro payments via electronic card.
* 0 confermations time, with introduction of "instant pay" function.
* 0 exchange risks in use of proper securities and competent insurance.
* any entrepreneurs is able to understanding of the value of payment.
* No need for pay terminal for small businesses. For small entrepreneurs it's a high expense of 70 bucks every month.
* Theoretically it's would not be needed to have an expensive licensed cash register, for small entrepreneurs, as every transaction is totally transparent. So cases of black money flow would be easily found and proven.
* Banking and gambling. No need of any verification for CFD,Stock,Currency or gambling services.


For me cash is betyer than bitcoin becuase if you have a cash you can use it anywhere to buy anything you want idont know if bitcoin accepted on store in my country but if you have a bitcoin you can covert it into your local money so thats why its good to have bitcoin becuase you can earn a lot of money or cash by using this bitcoin or become rich like others.
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September 25, 2017, 06:36:52 AM
 #100

In some aspects cash is actually better than bitcoin. Bitcoin has transaction fees, cash doesn't. Cash can be used offline and is completely untraceable, even though bitcoin is pseudoanonymous everyone can still be tracked if advanced technology is used.

However, the sole fact that bitcoin is decentralized compared to cash being always have to be issued by a central bank is enough to convince me to use bitcoin instead of cash.

People don't realize that governments can print as much cash as they want, but bitcoin can't be printed out of thin air.

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