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Author Topic: Why Bitcoin is better than Cash.  (Read 13784 times)
legendbtc
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October 10, 2017, 04:57:03 AM
 #241

Bitcoin is always better than cash because right now we can easily do payments in online without any delays. The Bitcoin transaction is very fast and secure while purchasing products and many other services.

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October 10, 2017, 05:02:47 AM
 #242

the price is more expensive from dollars and from our currency in here. Ofcourse the advantage is really great for us that has a low price from usd. I make a living from this and it sure enough for me to get what i want with bitcoin.
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October 10, 2017, 05:37:49 AM
 #243

Bitcoin is cheaper, faster and possesses fewer errors in terms of fractional banking. Cash is good for making transactions on the day of purchase. In terms of holding for a long period of time, you are going to want to keep your Cash in the form of other assets like Bitcoin, Gold, real estate, etc.

The truth is that cash is affected by deflation and other forms of economic decline whereas Bitcoin is impacted by the effects of deflation, and thus the price goes up. Lastly, cash is politically based so if for whatever reason the Central Bank in your country goes down, so will your cash. Bitcoin does not have this property. Only when you need to have liquid assets to spend on items would I suggest to keep and carry cash.
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October 10, 2017, 06:01:08 AM
 #244

Bitcoin is cheaper, faster and possesses fewer errors in terms of fractional banking. Cash is good for making transactions on the day of purchase. In terms of holding for a long period of time, you are going to want to keep your Cash in the form of other assets like Bitcoin, Gold, real estate, etc.

The truth is that cash is affected by deflation and other forms of economic decline whereas Bitcoin is impacted by the effects of deflation, and thus the price goes up. Lastly, cash is politically based so if for whatever reason the Central Bank in your country goes down, so will your cash. Bitcoin does not have this property. Only when you need to have liquid assets to spend on items would I suggest to keep and carry cash.
yes i agree i think it is all because  of bitcoin price and it really matters the most .if you only hold youre money you cant earn.because mobey has its correspond value give by the government and it cannot rise it is a stock value. While in bitcoin if you hold and invest into it maybe on the next day you can earn alot because it is an investment that can give you a huge profit if you are lucky and you get the right timing .that was the big advantage of bitcoin.
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October 10, 2017, 06:13:36 AM
 #245

Both has their own purposes and importance in every fields that they serve. There are many reasons and purposes on why people are still and will still stick with cash instead of bitcoin. First of all, there is no single county or place that you can buy "anything" with bitcoin. So you have no other choice but to use cash. Next the value is still not that volatile and 2-3 percent of depreciation is still tolerable for an ordinary citizen. Bitcoin may have the best performance among any currencies and each and everyone of us here are witnesses. But you must remember, not all people are like us. Most of them always preferred traditional ways  Smiley.
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October 10, 2017, 06:26:12 AM
 #246

These reasons are just so good that people are being attracted to bitcoin in a very surprising rate!, I can't balme them because I too am attracted to bitcoin because of its advantages. And the more that I read about bitcoin, and the more that I know about bitcoin, the more that Im being drawn to its purpose and use.

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October 10, 2017, 06:41:10 AM
 #247

These reasons are just so good that people are being attracted to bitcoin in a very surprising rate!, I can't balme them because I too am attracted to bitcoin because of its advantages. And the more that I read about bitcoin, and the more that I know about bitcoin, the more that Im being drawn to its purpose and use.

But that only applies to Bitcoin users, if the general public is better to use cash because it is more practical without having to use the internet. If I think both of the money is as good as different places and connected, we are very interested in Bitcoin but in the end we exchange it for cash to meet the needs of our lives.

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October 10, 2017, 06:50:09 AM
 #248

The pic is pretty funny - but I still somehow prefer paper cash than bitcoin - why yes, btc does give the consumer the ease in paying and buying stuffs online, but the security the online world is giving to it's consumers is not 100% trustworthy.
Electronic money and paper cash has its cons and pros, But I still prefer seeing my saving in cold cash than seeing numbers in my screen - it gives me the sense of fulfillment Cheesy

I also cannot fully agree that bitcoin is always better than cash. Both are currencies that we can use for our daily living,  but they have also both pros and cons. It is only have you manage to use them both. I think bitcoin is better for those people who is always digitally and online active but if you go out of your place sometime and have a vacation to rural areas   , that is not 100 percent chance that you can connect online and especially when there is power shortage. If you have cash,  you can always have your transaction anywhere anytime.

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October 10, 2017, 07:39:14 AM
 #249

Of cause 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.
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October 10, 2017, 07:48:15 AM
 #250

Yes for me Bitcoin is better than cash. First is Bitcoin is increaseable. I mean Bitcoin price. If you hold cash in your pocket there is no profit. On the other hand for cash you need to pay tax to governments. But Bitcoin is tax free. And you will profits if you hold Bitcoin.
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October 10, 2017, 07:56:12 AM
 #251

For me the only reason that i think bitcoin better than cash is when you use bitcoin to buy things online and paying bills online. or any transaction that can transact online that cash can not do .
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October 10, 2017, 09:49:31 AM
 #252

Yes,Bitcoin is better than Cash due to the high value。But china ban it。
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October 10, 2017, 09:53:35 AM
 #253

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 for many reason. bitcoin was have an faster transaction and its easy to deliver because it is live in the online world does make one thing become faster. then its up on you if it have an security you only need strong passwords so that the hackers can't steal your bitcoin. this value is very expensive(but the problem is unstable) even though its falling down its value is still high compare to the other crypto currencies. its no need to hassle yourself to where's you keep or hold it because it have an offline or online wallet.
bitofc
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October 10, 2017, 10:02:41 AM
 #254

technically bitcoin is way better than cash.
easier to secure, and borderless.
but it takes times for bitcoin/cryptoccurency to take over cash (legacy currency system with credit cards/ATM and etc.)
JoMarrah Iarim Dan
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October 10, 2017, 10:40:37 AM
 #255

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.



In my own experience bitcoin is better than cash because if I now hold any amount of bitcoin or example 1 bitcoin ,in the long run its price may double, triple or more. While if I hold one million dollar today and save it for so many it is still one million dollar no increase. Additionally, bitcoin is better than cash in a way that no one can / controls bitcoin or decentralized.
About on the picture, instead of burning your dollar, why you don't just convert it to bitcoin so you can still use it? You now really hate cash now? Admit it you use cash before you discover bitcoin. Without cash before you will not be able to live.

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October 10, 2017, 10:43:55 AM
 #256

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.



In my own experience bitcoin is better than cash because if I now hold any amount of bitcoin or example 1 bitcoin ,in the long run its price may double, triple or more. While if I hold one million dollar today and save it for so many it is still one million dollar no increase. Additionally, bitcoin is better than cash in a way that no one can / controls bitcoin or decentralized.
About on the picture, instead of burning your dollar, why you don't just convert it to bitcoin so you can still use it? You now really hate cash now? Admit it you use cash before you discover bitcoin. Without cash before you will not be able to live.
I think you are trying to get into the difference of inflation and deflation. If you will hold bitcoin for more years then it might result for gaining more money base on the value of your bitcoin while if you will hold 1 million dollars or more then you will not have a good future with that because the inflation will eat the purchasing power of your money and you can is just regret holding fiat.
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October 10, 2017, 10:51:18 AM
 #257

Bitcoin is cheaper, faster and possesses fewer errors in terms of fractional banking. Cash is good for making transactions on the day of purchase. In terms of holding for a long period of time, you are going to want to keep your Cash in the form of other assets like Bitcoin, Gold, real estate, etc.

The truth is that cash is affected by deflation and other forms of economic decline whereas Bitcoin is impacted by the effects of deflation, and thus the price goes up. Lastly, cash is politically based so if for whatever reason the Central Bank in your country goes down, so will your cash. Bitcoin does not have this property. Only when you need to have liquid assets to spend on items would I suggest to keep and carry cash.
yes i agree i think it is all because  of bitcoin price and it really matters the most .if you only hold youre money you cant earn.because mobey has its correspond value give by the government and it cannot rise it is a stock value. While in bitcoin if you hold and invest into it maybe on the next day you can earn alot because it is an investment that can give you a huge profit if you are lucky and you get the right timing .that was the big advantage of bitcoin.
If you put your money in Bitcoin, it can has a chance increases your funds, of course, maybe you forget it also has a risk decreases your funds if the price of Bitcoin drop down on the market. I do not think it always happens as your hope, sometimes it will do the opposite your prediction and make you have loss.

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October 12, 2017, 02:01:33 AM
 #258

Fiat is needed for daily things, but we can already pay those with a debit card of bitcoin, soo the advantage is for those places wich only work with fiat. If i buy bitcoin at 5000 dollars today, tomorrow it can be worthing 5100 as can worth 4800 dollars, the volatilaty makes bitcoin being the best option since i can get more value without need to be invested.
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October 12, 2017, 02:55:21 AM
 #259

Fiat is needed for daily things, but we can already pay those with a debit card of bitcoin, soo the advantage is for those places wich only work with fiat. If i buy bitcoin at 5000 dollars today, tomorrow it can be worthing 5100 as can worth 4800 dollars, the volatilaty makes bitcoin being the best option since i can get more value without need to be invested.

As of now we mostly need fiat for different transactions and daily living. But bitcoin is better for me in a way that those people who are craving to have their own investment by simply getting their own bitcoin and investing to cryptocurrencies. For people who are using the usual method of sending payment through PayPal and old method's I would prefer to get into bitcoin rather than paying expensive fees with those slow process payment processors.

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October 12, 2017, 03:04:25 AM
Last edit: October 12, 2017, 06:18:49 AM by lili song
 #260

Bitcoin every year always increase value and profitable, like investment. You can buy online goods use bitcoin just only one single click.
So with bitcoin I can provide faster transactions.
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