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Author Topic: Why Cash is better than Bitcoin.  (Read 6755 times)

Offline cryptorakibul

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Why Cash is better than Bitcoin.
« on: January 17, 2018, 05:33:31 PM »
What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment

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Why Cash is better than Bitcoin.
« on: January 17, 2018, 05:33:31 PM »

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Re: Why Cash is better than Bitcoin.
« Reply #1 on: October 03, 2020, 08:55:21 PM »
Cash has its advantages and disadvantages, while decentralized cryptocurrencies have theirs. Despite the fact that our world is moving towards more use of digital payments, cash is still very useful. You should not strive to ensure that they completely disappear. It must be remembered that almost all non-cash forms of payment are easily tracked and it is impossible to track only cash. All non-cash payments are related to the availability and use of technology and only cash can be applied anywhere and at any time.

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Re: Why Cash is better than Bitcoin.
« Reply #2 on: October 03, 2020, 09:59:29 PM »
Agree with you about the advantages of cash, but there are some limitations as follows:
- money transfer: high cost;
- Inflation: loss of value over time
- manipulated by governments
- difficult to maintain
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Re: Why Cash is better than Bitcoin.
« Reply #3 on: October 04, 2020, 05:36:37 PM »
What are the reasons, why people use Cash or Credit Cards / ATM / Banks?

* Work offline 100%
* No fees.
* Accepted for Food Shopping & Micropayments
* 0 confermations time
* 0 exchange risks
* anyone is able to understanding of the value of payment
Work offline 100% Not in cases of online banking. Banks don't do things manually these days now, they also rely on the internet.

No fees? Nah. Visa charges fees. ATM withdrawals charges fees. Banks definitely have transaction fees (many actually).

0 confirmation time? It's not really true. Have you heard of cheque clearing time?

What do you mean by 0 exchange risk?

Offline Black ID

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Re: Why Cash is better than Bitcoin.
« Reply #4 on: October 07, 2020, 01:25:45 PM »
Because it is more transparent and of course many people are more confident. With a form that we can immediately hold, everyone will trust and have confidence and feel safe using cash. In contrast to crypto or bitcoin without any real goods.
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Re: Why Cash is better than Bitcoin.
« Reply #5 on: October 07, 2020, 03:15:20 PM »
Bitcoin and cash have different technologies, Bitcoin is a modern payment technology and only certain people know it.  Meanwhile, cash has been used for a long time by all levels of society.  If I consider Bitcoin to be superior to cash, because Bitcoin can be traded for more profit, Bitcoin also has a high investment value.
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Offline Herry

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Re: Why Cash is better than Bitcoin.
« Reply #6 on: October 18, 2020, 11:26:21 AM »
I think Bitcoin is better than real currency because I will never get any profit from real currency but if I hold bitcoin I will get good profit one day I think bitcoin is best from real currency
« Last Edit: November 27, 2020, 03:24:31 AM by Justin »
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Re: Why Cash is better than Bitcoin.
« Reply #6 on: October 18, 2020, 11:26:21 AM »


Offline Dora Walletinvestor

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Re: Why Cash is better than Bitcoin.
« Reply #7 on: October 18, 2020, 11:50:00 AM »
It is still somewhat hard to compare cash and bitcoin. There's just not enough utility for bitcoin yet.
Cash/card payments are just more simple and convenient at this point.
Check out the latest forecasts and news about cryptocurrencies, stocks, forex pairs and more on WalletInvestor.com

Offline Fenix

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Re: Why Cash is better than Bitcoin.
« Reply #8 on: October 18, 2020, 03:50:19 PM »
Cryptocurrency opens up new opportunities for us. However, it also has its drawbacks that cash lacks. Therefore, for now, we can say that it will be better if cryptocurrency and cash continue to run in parallel and complement each other with their capabilities. We shouldn't make decisions in favor of one of these financial assets. Finance generally doesn't like rushing.

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Re: Why Cash is better than Bitcoin.
« Reply #9 on: October 18, 2020, 05:02:59 PM »
Actually, this is about the matter and also time, fiat is much older than Bitcoin. Cash or fiat has been used for many decades as a payment manner. Everybody uses it for any cases.
However, fiat doesn't only have positive sides but also has negative sides, as Bitcoin also does.

* No fees.
* 0 confermations time
I agree with some points that you provide to us. However for these two points above, I think that it may be sometimes not like that.

As here, some payment and also method will also require fees for transaction, moreover if transfering to the other banks, using credit card, debit cards, and others. So,it doesn't mean there is no fee.

Second, about the 0 confermations time, do you mean that the process of transfering, depositing, or other withdrawing will nto require confirmation? I think in some banks, there still need confirmation moreover if it happens in non-working days. It may happen in certain countries.

However here, although BTC is not as good as fiat for payment method, it is better for worldwide payment and transaction without any complicated rules under bank systems and different countries. Moreover, fiat is just a fiat, different from Bitcoin. Bitcoin is not only a manner of payment, it is also a very worthy digital asset for investment and trading. From this, you can gain many profits if you can do it.
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Offline tervel

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Re: Why Cash is better than Bitcoin.
« Reply #10 on: October 18, 2020, 05:16:37 PM »
Bitcoin, and more generally, cryptocurrencies, are often described as a new type of money. Bitcoin is not a new class of money, it is a new type of exchange mechanism, and this type of exchange mechanism can support a variety of forms of money as well as other types of assets.

Offline xeroz

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Re: Why Cash is better than Bitcoin.
« Reply #11 on: October 18, 2020, 06:11:25 PM »
How can you state Cash is better than Bitcoin? If we are talking about a payment tool that easy to use in every place, then yes I agree Cash is better. But if we are talking about the lowest fees for the transaction, the flexibility in the transaction, or the transparency in the system, then I can say confidently that Bitcoin is much better.
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Offline Rivaldi Kunkun

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Re: Why Cash is better than Bitcoin.
« Reply #12 on: October 18, 2020, 06:13:42 PM »
Cash is easier to receive anywhere and every day is used for various transactions. For Bitcoin there are still many people who do not yet understand this technology. Now the place that accepts payments using Bitcoin is still very limited. But now people prefer online shopping and some online shopping apps also accept paying with Bitcoin. I think with the constant development of Blockchain technology and especially Bitcoin in the future people will use it a lot.





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Offline jakasantosa

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Re: Why Cash is better than Bitcoin.
« Reply #13 on: October 18, 2020, 07:36:54 PM »
I think one of the easier reasons is Cash can be accepted by everyone whether they know about bitcoin or not. But for bitcoin not everyone can transaction as a means of payment. We can see that most who use transactions using bitcoin will use sign "Accept payments using Bitcoin"
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Offline KKH84

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Re: Why Cash is better than Bitcoin.
« Reply #14 on: October 18, 2020, 08:32:24 PM »
Because since childhood everyone has been informed about the benefits of fiat money even though indirectly, so it has been recorded in his brain.  It would be different if cryptocurreny was introduced first, fiat money or crypto both have their own advantages and disadvantages but in the future I think crypto will be able to replace it.

 

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