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Author Topic: Why Bitcoin is better than Cash.  (Read 13740 times)
Renzzzz
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March 29, 2018, 01:06:31 PM
 #1101

Bitcoin is constantly superior to cash.For our bitcoin earnings,we are not responsible to government and we require not need to pay charges unless it is legitimized in the specific country.With bitcoin,we could without much of a stretch send enormous measures of cash with low expense at high speed.With bitcoin,our cash esteem increases,but with cash,our cash just stays sit out of gear.
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petrserebrennikov321
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March 29, 2018, 02:51:17 PM
 #1102

Yes, it is good to dream about the future wealth ... But there are no miracles, and the sharp upsets of bitcoin cost are accompanied by no less sharp kickbacks. At bitkoyn millionaire at the beginning of this year to May is less than half a million.
Akbcryptomoon7668
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March 31, 2018, 03:01:59 AM
 #1103

I never think that bitcoin is better than cash. I know bitcoin is great as virtual or digital money but it not reference to make it better than cash. Both bitcoin and cash money have each advantages and disadvantages. Thats my opinion.
Ryan1212
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March 31, 2018, 03:03:01 AM
 #1104

I don't think so that BTC batter then cash but in my life I prefer to use card money. its easy to use now and get some discount program. BTC did't popular now and price did't fix. Best way to hold or trade Bitcoin. maybe in future marker price correction stabilize and mi mind changed.
donte872
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March 31, 2018, 03:32:03 AM
 #1105

I don't think so that BTC batter then cash but in my life I prefer to use card money. its easy to use now and get some discount program. BTC did't popular now and price did't fix. Best way to hold or trade Bitcoin. maybe in future marker price correction stabilize and mi mind changed.

One of the biggest deterrents for new people when it comes to buying bitcoin is the idea that it’s not ‘safe’.

The mainstream press continues to air scaremongering headlines that suggest bitcoin is either fuelling a bubble, or that, every time ‘hackers’ attack a bitcoin exchange, it’s for criminal purposes.

They repeat the idea that bitcoin isn’t safe because you can’t hold it in your hands. It’s nothing more than ones and zeroes, they say.

However HOW IS BITCOIN BETTER THAN NORMAL CURRENCY?
Let’s take a deeper look and compare it to classic (fiat) currencies.

 - Volatility:
It may seem, that Bitcoin is too volatile and the price jumps like crazy
Compared to USD, EUR, GBP - Yes
Compared to the currency of Ukraine, Argentina and dozens of other currencies it’s much better

 - Value:
Bitcoin is deflational
This means, that supply is limited and noone can just print more money
In the USSR there was a day, when the goverment decided to divide the value of it’s official currency by 10. With Bitcoin it’s not possible

 - Transaction fees:
Western union or other similar services usually take 1–5% for a transfer of money
With the Bitcoin the usual transaction fee is a couple of cents and you can even pay less if you’re not in a hurry
 
- Portability:
As long as you are able to store 256 bits you can have bitcoins
You can write the key at the piece of paper or even remember it

 - Transferability:
The usual transaction time is negligible (<1s)
But if your transaction is extremely important you need to wait for 6 blocks (6 confirmations) which is usually around 1 hour

 - Security:
If your bank goes down - you’re screwed
In Bitcoin nothing can go wrong except that you can loose the key

 - Deniability:
The bank is a single point of failure
If your bank goes down - you’re screwed
Bitcoin has a distributed nature, which makes it extremely resilient to different types of attacks
 
- Divisibility:
You can have/buy/transfer as little as ~0.0000071411 USD (at current price) in Bitcoin.
It’s the smalest unit and it equals to 0.00000001 BTC

If you want to rea more visit:
http://www.bitcoinnotbombs.com/10-ways-bitcoin-trumps-fiat-currency/
BigBos
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March 31, 2018, 03:35:17 AM
 #1106

I don't think so that BTC batter then cash but in my life I prefer to use card money. its easy to use now and get some discount program. BTC did't popular now and price did't fix. Best way to hold or trade Bitcoin. maybe in future marker price correction stabilize and mi mind changed.
well, maybe just because we have been accustomed to using cash, so bitcoin looks not much better than cash. but some people think that bitcoin is still better than cash. for now, I feel that cash is better because of its ease of use.
Freyya08
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March 31, 2018, 10:52:15 AM
 #1107

We all know that we still need cash, but sometimes i can say that bitcoin is better than cash specially during travels or during times when we go to a unfamiliar place alone, you will no longer be afraid on bringing large amount of cash with you.

Requim
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March 31, 2018, 10:54:50 AM
 #1108

Bitcoin is way better than cash because of the fact that everything these days is ran through the internet. Most of the things that we do like communication and shopping can be done through the use of internet, and what better way to innovate the system than to start using something that is built for the internet.
bitcoinichip
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March 31, 2018, 10:59:02 AM
 #1109

bitcoin is helpful to buying of everything and without cash u can play the game like gambling in casino
Hitesh Ohri
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March 31, 2018, 01:11:59 PM
 #1110

bitcoin is a source of investment                but cash is a medium of exchange
value of bitcoin may rise or fall                  but value of cash still the same
we convert bitcoins into cash                     but cash can't be converted into bitcoins
Jimbo Abu
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March 31, 2018, 01:25:03 PM
 #1111

Yes, this is true that bitcoin has many benefits and easy to use. But not all use it. There are still many people use the cash because it is accustomed. And many people know nothing about btc.

/Bitcoin / Ethereum / Ripple /
hunter50
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March 31, 2018, 01:39:45 PM
 #1112

Yes bitcoin is always better than cash and also easy for transactions and payments.most people who come here.already know the advantage and disadvantages and in my opinion both of them are good so the cash is more important in our life.
GraciousBanshee47
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March 31, 2018, 01:45:00 PM
 #1113

although btc is indeed better than cash, it would be unfair to compare them both since cash is regulated and very much manipulated. cash does have its advantages especially in payments since its value is prettymuch stable.
klebsiella
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March 31, 2018, 02:25:29 PM
 #1114

Bitcoin has a global acceptance, it becomes easier to conduct transactions across boundaries and online. No exchange values and no third party interventions. Aside from convenient in terms of payment, it is also a great tool for investment because it can be used all over the world without conversion process and no restrictions imposed by banks.

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diickydbo
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March 31, 2018, 02:31:23 PM
 #1115

The advantage of bitcoin is that user does not need to be physically in a particular place. In addition, for large transactions, using real currency can be quite inconvenient. And also fast bitcoin transfers, in same time with real money you will have to go to the bank and make transfer, it will take some time.
tienigarazz
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March 31, 2018, 02:31:53 PM
 #1116

You can easily do transaction using bitcoin, it is very profitable.
Although it is not widely accepted, bitcoin is still very good because it still the number crypto currency.
Bitcoin has a bright future, all we need to do now is to wait and be patient,

fritzbird
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March 31, 2018, 03:16:55 PM
 #1117

I think bitcoin is better than cash. It is easier and safer. Bitcoin is a cryptocurrency that exists within a network of computers, within the blockchain. Bitcoin is more efficient and convenient way to transfer money across the world. It can help us do online shopping and it's like an e-wallet.


I can totally relate to this and my opinion is also similar. Since bitcoin appeals to the masses and to
the rich of course. Bitcoin is more than just a representation of money, it's beyond that in fact. With
it's evolution and innovation, bitcoin is now a commodity and an asset. That's why it's better than
cash since we can buy and purchase stuff conveniently with bitcoins but with an extra added bonus
of volatility. It's prices can change, and you can buy and exchange it anywhere at anytime. It's the
total package for the modern man.
Crystacool
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March 31, 2018, 03:20:00 PM
 #1118

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.


Not everyone thinks bitcoin is better than cash. I think most people around the world think cash is better than bitcoin. We can use a lot of things now, but only a few stores accept bitcoin, and there is no charge for the cash transactions, and the transaction requires a high fee.
atom2080
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March 31, 2018, 03:33:36 PM
 #1119

Bitcoin is like cash, you don't need to go through a bank or credit card network in order to transfer it to another person. It's better than cash because you can do this over the internet. It's way better than all other monetary instruments because it is programmable money: you can basically treat bitcoins as symbols to represent anything (like titles to property, for example), and have the distributed peer-to-peer blockchain mechanism enforce title transfers in a provable, reliable way without any notaries.
Kennyflex
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March 31, 2018, 03:42:55 PM
 #1120

Bitcoin is a very convenient unlike cash where handling much of it is not convenient. Secondly, it outgrows inflation unlike normal cash as well

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