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Author Topic: Why Bitcoin is better than Cash.  (Read 13784 times)
kalawang
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October 01, 2017, 03:09:49 PM
 #181

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 the value of bitcoin is volatile so sometimes it decreasing but it's always increasing . but the vakue of cash is stable but sometimes increase but it is to small.
cryptolerant
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October 01, 2017, 03:14:11 PM
 #182

Bitcoin is better because it is decentralized and it provides anonymity. Whatever cash we mention, it is based on bias and corruption of that country.
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October 01, 2017, 03:19:48 PM
 #183

Bitcoin is Better than Cash cause when you cash out your bitcoin you are not able to make so much profit from cashed money.
If you do trade with your bitcoin or Hold your bitcoin for 5 or 6 months then there are high possibility to grow your money 2x or 3x times more.
so, I think Bitcoin is more profitable than real money.

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mozillaspez
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October 02, 2017, 04:08:06 PM
 #184

Bitcoin and cash money have advantages and disadvantages of each. Although cash cash value is not higher than bitcoin but cash money is more widely used by all people, from the bottom to upper class. I myself use bitcoin as an investment rather than saving money in a bank, yes bitcoin is better in terms of investment.
Bitcoins is a crypto currency it is safe and secure the value of bitcoin do not increase day by day though its values increase every second so if I need want became instant rich so he should enter the world of bitcoins because one can become instant rich by leaps and bounds in this world I think it is the shortest and easiest way to become rich  and it is also a trustable and safe way to earn money that's why I think bitcoins is better than cash. Cash can be easily stolen or baked but bitcoins cannot be.
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October 02, 2017, 05:21:05 PM
 #185

Bitcoin is better because it is decentralized and it provides anonymity. Whatever cash we mention, it is based on bias and corruption of that country.
Bitcoin is better than the cash the value of the bitcoin is higher than the cash. Bitcoin is the investment for a lot of the people and it is getting high in the price as well so for me it is very good to make high profit by investing in bitcoin than wasting your money in the case of the bitcoin losing value and the worth. Just have to keep calm and wait for the long time.

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mrayazgul
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October 08, 2017, 04:15:53 AM
 #186

Bitcoin is better than cash because for the reason of security, theft can easily get the cash while bitcoin cannot not, they need more applications to get it and have it, but it is so hard. Even an uneducated person can get your cash on the gunpoint but for the bitcoin one has to be a big hacker and not everyone has this knowledge.
Md Saad
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October 08, 2017, 05:16:54 AM
 #187

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.
yeap, there are a lot of reasons for choosing Bitcoin as a better side rather than cash, when you have a lot of money then you have to pay tax and other fees, but until Bitcoin is a legal currency we don't need any type of tax or fee. also, Bitcoin has an anonymous system so you can't identify another income. not only that Bitcoin also a profitable and potential income source. day by day it is becoming as a lucrative investment platform.
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October 08, 2017, 06:00:41 AM
 #188

For me, bitcoin is better than cash in a way that bitcoin accepted in different country without going to money changer. And it is easy to pay through the use of online.The price also is movable from smallest to hingest and your money grow faster.
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October 08, 2017, 06:16:57 AM
 #189

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.
yeap, there are a lot of reasons for choosing Bitcoin as a better side rather than cash, when you have a lot of money then you have to pay tax and other fees, but until Bitcoin is a legal currency we don't need any type of tax or fee. also, Bitcoin has an anonymous system so you can't identify another income. not only that Bitcoin also a profitable and potential income source. day by day it is becoming as a lucrative investment platform.

Basing on the earnings in this forum, bitcoin is better to earn because you can automatically have it as investment option when you do not cash out the whole of it as fiat. You can also have the option of paying the bills with bitcoin because if I base in our local base platform, I can pay my government contributions and utility bills with bitcoin that's why it is more convenient than going to each establishment or payment center to pay the bills and less hassle because I am just in my house and I can spend more time in important matters rather than falling in line and travel time can take much time as well.

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October 08, 2017, 06:35:47 AM
 #190

Because Bitcoin is the new MONEY!  Wink
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October 08, 2017, 06:44:26 AM
 #191

For some people Bitcoin has many advantages over cash. now I also experience the same thing, I get the benefit of using bitcoin like speed in doing transaction and also easiness that is in the form of mobility. in an age of technology like we should always be able to do all activities quickly, therefore the bitcoin becomes an answer of our needs. all financial transactions are now entering the online era and there are so many e-commerce that provides the necessities of our daily lives.
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October 08, 2017, 08:23:03 AM
 #192

Yes Bitcoin is better than cash, cash is useless when you save your money in the banks for a long term, then if you save bitcoin in your hard wallet the price of bitcoin will increase if you put it longer for 3-5 years, while fiat money will remain the same put it in the bank then wait for 3-5 years still the same amount.
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October 08, 2017, 09:10:01 AM
 #193

I think bitcoin and cash is just the same. Bitcoin changes its value from tine to time just like currencies of every country.
Yes its true both of them are same but bitcoin is little different then cash because it’s a digital currency and its also easy to carry and also its safe and sound there is no threat of robbery and the most important thing is his price is high as compare to any other country and you and do daily trade here as well as you can invest here also.
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October 08, 2017, 09:14:26 AM
 #194

Bitcoin might be better in cash in terms of portability and security since you won't have go carry a wallet anymore but it's value is it's dark point because cash is stable wheras bitcoin is very volatile
nethan1btc
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October 08, 2017, 09:22:28 AM
 #195

Yes Bitcoin is better than cash, cash is useless when you save your money in the banks for a long term, then if you save bitcoin in your hard wallet the price of bitcoin will increase if you put it longer for 3-5 years, while fiat money will remain the same put it in the bank then wait for 3-5 years still the same amount.
Same thing here, Bitcoin is better than cash in terms of investment because bitcoin fluctuates its value and most of the time its more in increasing rather than decreasing.While in cash , if you invest in a bank for long term you feel nothing because you'll only get  few percent  income of your money. You're just wasting your time.
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October 08, 2017, 12:39:57 PM
 #196

Yes bitcoin is better that cash,because compare to bitcoin in the banks the interest rates are low, with bitcoin it is increasing every year. And very much safer in terms of robbery, and if you travel you don't need to change your money from time to time. Since bitcoin is digital currency just pay your bills online it is very much safer, because you will not disclose your bank details.

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October 08, 2017, 01:07:22 PM
 #197

Yes bitcoin is better that cash,because compare to bitcoin in the banks the interest rates are low, with bitcoin it is increasing every year. And very much safer in terms of robbery, and if you travel you don't need to change your money from time to time. Since bitcoin is digital currency just pay your bills online it is very much safer, because you will not disclose your bank details.

I agree, beside that, In fiat currency, the government can create more money because they 'just said so', but in crypto-currency's designed as Bitcoin is, you can't create more money like that, because the system has an upper limit. In a fiat currency, you have notes and coins in your pocket, and numbers on a computer in a bank. If the government wanted to, they can create more coins, notes and numbers, which would have the effect of magically taking value away from your pockets. In a currency like Bitcoin, this can never happen, because more cannot be manufactured. This is why we say "Bitcoins are mined" instead of "Bitcoins are minted", because the Bitcoins already exist, they just need to be secured. But coins and notes don't already exist, and they are manufactured by decree using standard materials that are abundant throughout the planet.
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October 08, 2017, 01:42:03 PM
Last edit: October 09, 2017, 06:47:51 PM by TrueCryptonaire
 #198

Yes bitcoin is better that cash,because compare to bitcoin in the banks the interest rates are low, with bitcoin it is increasing every year. And very much safer in terms of robbery, and if you travel you don't need to change your money from time to time. Since bitcoin is digital currency just pay your bills online it is very much safer, because you will not disclose your bank details.
You also have no need to declare that how much bitcoins you have with yourself in the customs department, so it is quiet handy for a shopper who travels abroad for cheap electronics or other items. Also that most of the people are shifting from real stores to e-commerce websites so there also online currency become handy and the most important feature of crypto is borderless transfer of value as it takes quiet someone for international transfer but in bitcoin it happens instantaneously so I prefer bitcoin more just because of it's advantages over cash.
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October 08, 2017, 02:38:22 PM
 #199


In addition to the volatility is too strong, compared to gold and Bitcoin also have another limp. For example, in the technology industry, no one thinks that an Apple stock (currently priced at $ 155) and a share of Acuity Brands ($ 178) is an issue. . Acuity currently has a market cap of $ 7.9 billion, while Apple has a market cap of $ 814 billion and is the world's largest listed company by market cap. No one says that an Acuity Brands shares more than one Apple stock.

Bitcoin is made up of algorithms that are set up to make it harder for Bitcoin to dig. At the same time, the total number of generated Bitcoins should never exceed 21 million. When the total number of Bitcoins in circulation reaches 21 million (estimated at some time after 2110), its total value is only $ 39 billion if the current price is kept. Meanwhile, according to the World Gold Council, the total amount of gold traded is about 6 billion ounces, or $ 7,300 billion at current prices.

In other words, to say that Bitcoin is more expensive than gold, a Bitcoin will cost $ 347,000.
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October 08, 2017, 02:52:31 PM
 #200

Bitcoin is made up of algorithms that are set up to make it harder for Bitcoin to dig. At the same time, the total number of generated Bitcoins should never exceed 21 million. When the total number of Bitcoins in circulation reaches 21 million (estimated at some time after 2110), its total value is only $ 39 billion if the current price is kept. Meanwhile, according to the World Gold Council, the total amount of gold traded is about 6 billion ounces, or $ 7,300 billion at current prices.

In other words, to say that Bitcoin is more expensive than gold, a Bitcoin will cost $ 347,000.
I really did like all your calculations and first and foremost thing you have to remember is that crypto currency market is a new thing which is less than ten years old and you have to be amazed by the way it is growing in a very few short years and if you compare the stock market which is there for more than a century ,you really cannot compare these two markets,your calculation about the entire bitcoin market is true according to the current price,who knows what the price would be per coin ten years from now and that is the difference .
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