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Author Topic: Why Bitcoin is better than Cash.  (Read 13740 times)
CryptoZ7
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February 01, 2018, 04:32:13 AM
 #861

Bitcoin just makes it easier for its users to store their wealth in the grip. It can be termed as the international version of local cash. Any cash transaction needs to governed by the protocols of the currency. On the contrary transaction using bitcoin is free of tax and you could easily transfer large amount without the risk in transactions. It could also be termed as virtual cash and hence be more useful than cash. Hence, you could use you bitcoin wallet and carry virtually infinite money without the fear of the exposing the limits.
Df9898
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February 01, 2018, 04:55:33 AM
 #862

because bitcoin have a high value and world know about bitcoin
PatronRH
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February 01, 2018, 05:22:49 AM
 #863

Bitcoin is better than cash simply because transactions atr so secure they are anonymous and instantaneous so you won't be afraid of getting stolen or people knowing whar you are buying or anything rather than that the price of bitcoin is exploding righ now so if you invest a little in it you will for sure make a lot of money.

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FarmingCoins
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February 01, 2018, 05:23:35 AM
 #864

I think that Bitcoin is better than cash because is decentralized, the fact that we really don't own the paper money we have, is just amazing.
sucix
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February 01, 2018, 05:31:37 AM
 #865


* No fees. Unlike cash, hasn't 2%-3% of inflation every single year.


I dont want comment about the other and i want to concern this fee issue only.
I dont understand why people said bitcoin has no fee. Fee of sending bitcoin is really high recently. So how people want to use bitcoin if the fee is very high like this?
This is the advantage of bitcoin which really affect to bitcoin price. I hope this issue can be solved soon.

morrisby25
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February 03, 2018, 04:46:44 PM
 #866

It is always better, digital currency has a lot more potential than the physical cash or the paper currency. The problem is that bitcoin is not legalized in all countries and its use to everyday living is limited.
Yes it is true that bitcoin is a digital currency that is supported by the blockchain so it has a pretty strong security and are more likely to develop. miners and developers concerned with bitcoin forming hard or fork called bitcoin cash working transparently. It also has raised concerns about the security of the bitcoin cash. so safety is superior in the bitcoin.
Bitcoin is digital and decentralized...With Bitcoin people get the liberty to exchange value without intermediaries which translate to greater control of funds and lower fees. It’s faster, cheaper, more secure and immutable. Cash is controlled by banks while bitcoin has owners.Less volatile than cash: Bitcoin has a global acceptance and is less volatile than cash / local currency. Due to this feature, it becomes easier to conduct transactions across boundaries and online more importantly  Duplication impossible... There is no way of duplicating a bitcoin, unlike cash...
Cash like USD and EUR is accepted in more places than BITCOIN or any other cryptocurrency out there in the world
piter66
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February 03, 2018, 04:53:50 PM
 #867

Digital money always has more potential than cash or paper money. It is used all over the world.

Not definitely, there are countries who doesn't have access with internet. Even if they do, there are sites that were being banned, others have restrictions. Large nations such as China were keen to banned cryrptocurrencies, Bitcoin in general. And with China's population that is over a billion, that's 1/4 of the world market cryptos were losing. As long the awareness of general public increasea, there are institutions, financial and governments that will take such actions for Bitcoin to not take fully over with fiat money. Yes, the potential with cryptocurrencies is given, but as long there are people who don't have any interest with everything going digital, cash or physical money will still be better than Bitcoin.
A lot of people trust banks over BITCOIN and cryptocurrency thanks to the assets backing fiat vs cryptocurrency
zzxswqq
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February 03, 2018, 05:07:03 PM
 #868

What an incredible year 2017 was for cryptocurrencies. Having begun the year with a combined market cap of less than $18 billion, the aggregate value of all virtual currencies by year's end hit $613 billion, representing a better than 3,300% increase.
Cryptocurrencies soared even more to begin 2018, hitting an all-time aggregate market cap high of $836 billion on Jan. 5, before losing a little bit of steam.
These are essentially lifetime gains for investors that have been crammed into a span of just 52 to 53 weeks!
Yet, what's really interesting is that bitcoin, the world's most valuable and popular cryptocurrency, wasn't a primary focus in 2017. Rather than investors flocking to bitcoin, the goal among digital currency investors became to find the next bitcoin.
As a result, a number of burgeoning cryptocurrencies ran circles around bitcoin last year.
In particular, Ethereum, Ripp, Litecoin, and Dash were veritably unstoppable, with respective gains of 9,383%, 36,564%, 5,260%, and 9,282%!
Even if the internet is filtered VPNs can allow you to use cryptocurrency and BITCOIN not matter where you go in the world though
danggoron
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February 03, 2018, 07:08:00 PM
 #869

I'd rather hold both of them, I know there's a lot of benefits of holding bitcoin instead of cash for ex. if you have cash or money in the bank it will take time to gain interest but if you are holding bitcoin for sure you will earn something or lose just little amount. The reason why I also want to hold cash its because in our country not all merchant accepts crypto/BTC and if there are emergencies or needs I can use my cash in hand.

That's a wise choice. Although bitcoin is very profitable, we still need cash at certain times. For example when there is no internet connection. In addition, although later bitcoin is legal, the government still has its own reserve currency as a form of sovereignty.

cliffdex
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February 03, 2018, 11:10:29 PM
 #870

Bitcoin is the fastest growing currency in the crypto-market, it helps to bulk cash can be compressed at exchange for bitcoin and there is no Government agency monitoring your crypocurrency transactions as banks monitor your cash, meanwhile bitcoin is volatile but far more better than cash.
esprit man
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February 04, 2018, 03:44:33 AM
 #871

Its always good to count the the advantages of bitcoins; Yes, I also think that bitcoins is much better than cash. But I think there is a need for mass awareness regarding these benefits among the people who are not familiar with the bitcoins.

Yes.
Bitcoin well at all times from cash. It's transportation facilities are good. If you earn the cash, then the government is accountable to where it is going to be. If it is not legal in your country, then no taxes will be paid to the government. We can deal with a low fee. If we keep the current money, the amount of money will be maintained at all times. If you keep in bitcoin then the money will increase. If I want to carry cash, there is a lot of risk. Such as stealing or looting. I can carry any quantity of Bitcoins in my Bitcoin wallet. No one will be able to verify how much money is being paid by Bitcoin.
Hero44
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February 04, 2018, 03:52:33 AM
 #872

They both have their advantages and disavantages. Bitcoin is better than cash simply because transactions are secure, they are anonymous and instantaneous so you won't be afraid of your money getting stolen or people knowing what you are buying or anything rather than that the price of bitcoin is exploding righ now so if you invest a little in it you will for sure make a lot of money.
On the other hand if your cash is in the bank itwoudnt appreciate the Way bitcoin appreciates over time. But in a nutshell it's best to have and keep both.
gayan84
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February 04, 2018, 03:54:55 AM
 #873

can use online..no need to bring place to place..can not steal.
Asuspawer09
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February 04, 2018, 04:02:05 AM
 #874

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.



As stated, there are a lot of things than a usual money and a bitcoin differs. Though both of these are used as an aid for our financial needs. But then, this difference indicates that something is good or can be use to the other thing one could not. It is important to know that bitcoin and cash shouldn't be eliminated.

R


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syntac
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February 04, 2018, 04:07:35 AM
 #875

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

The reason people still use cash, credit or debit cards is because these three payment tools are still very popular and used by any business layer. Bitcoin is better than cash, credit card or debit card, but only limited to long-term assets. Bitcoin still not effectively used as a means of payment because it has a transaction fee is not cheap, so there are still many people who still choose to use cash as a means of payment rather than bitcoin.
feny.blackpink
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February 04, 2018, 04:39:38 AM
 #876

of course it is better than cash.
in cash, you have a chance to lost your physical cash.
you cannot lose your bitcoin unless you lost your password / pkey.
kashwin663
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February 04, 2018, 10:44:51 AM
 #877

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.


benefits 1)Volatility-Bitcoin is too volatile and the price jumps like crazy
                           2)Value-this means is that supply is limited and noone can just print more money
                           3)Transferability-The usual transaction time is negligible
                           4)Transaction fees low
Selbit
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February 04, 2018, 11:05:53 AM
 #878

Bitcoin is better than cash because of this following reasons:
1. Its easier, you will not bring cash when you go out.
2. More safer. To think that it cant be lost.
And last transactions fees low.
mrsandhu0
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February 04, 2018, 11:28:08 AM
 #879

Bitcoin is better than cash of this following reasons:

1.Its easier,you will not bring cash when you go out.

2.with Bitcoin, you can kept extra  money.

3.
I think that Bitcoin is better than cash because is decentralized, the fact that we really don't own the paper money we have, is just amazing.
Wayan_Pedjeng
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February 04, 2018, 11:30:55 AM
 #880

Bitcoin Cash is relatively new and therefore people don't trust that coin. On top of that, it is supported by people such as Jihan Wu and Roger Ver, who are regarded as shady characters in the crypto-world by many established users.
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