Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: cryptorakibul on January 17, 2018, 05:33:31 PM
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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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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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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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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?
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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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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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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
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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.
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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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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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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.
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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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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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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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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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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
great! cash is good! most if not all members here doing crypto currency is to make convert it to FIAT and eventually convert it to cash. ultimately, our main purpose here is to make money, we are doing bounty stuff and trading activity as well as investment inorder to convert it to cash.
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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
great! cash is good! most if not all members here doing crypto currency is to make convert it to FIAT and eventually convert it to cash. ultimately, our main purpose here is to make money, we are doing bounty stuff and trading activity as well as investment inorder to convert it to cash.
well I totally agree with what you say.
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You may be true about the benefits of using cash and I also accept it. And in this case, can Cash be used for investment and give you big profits? I don't think so. Therefore, they have both strengths and weaknesses. We can't determine it very meantly
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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
Hard money is the best source of Corona covid19 virus medium. Please aware of using paper money.
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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
"Cash is better than Bitcoin" i agree with your phrase. Whenever you have profits on any investment specially in Bitcoin or digital currencies, you should sell and convert into cash. Otherwise if market falls, you will lose your profits as well as capital. Once i have $15000 worth of Kick coins but i have waited for more profits, after 6 months i have sold them all worth of only $1500 which means i have lost my profits and capital as well. So, when profit comes, it should take and convert into cash is better idea than wait long.
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Cash and bitcoin both have different advantages. Bitcoin is in digital form while Cash is directly held in its hands. Most people like to keep the money with them and consider it safe.
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There is always advantage and disadvantage to every services offered by different platform. Meaning we know that when we are talking about something that are useful in traditional system bitcoin is nothing but when we talk about the advantages of bitcoin traditional is nothing compare to it. There there's we just always taking the opportunity offered by both sides.
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Well, currently you can pay for a lot more things with cash than with cryptos, so that's a big plus for cash.
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People always believe in cash; So I think cash is better than bitcoin. Bitcoin is a digital currency; It can be easily transferred in the fastest time at low cost, without any government regulation; Which is not possible with cash. So despite the many benefits of digital currency, people are confident in cash.
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I'm sorry but I don't think Cash is better than Bitcoin, especially if we look at the transaction fees and the flexibility in transactions. We can easily send Bitcoin around the world, without feeling worried to get taxes if we send it to another country. Also, the transaction fee is much cheaper. While in cash, we are hard to send it to another country.
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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
But sometimes it risks to carry one place to another place where you can face hijacking. But others issue is that people don't like any excess hazards. Paper money is now the most important carrier of covid19 corona virus.
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All the advantages and disadvantages of Cash and Cryptocurrency have been explained by all members here, but I see that both have their respective advantages.
Fiat or Cash have good resources on offline exchanges and Fiat tends to be stable for pricing issues.
Cryptocurrency has an advantage in the digital world and is difficult to stabilize.
We have to be wise and look at the advantages, after we have discussed the disadvantages.
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Agree. Since not all common people, even rich men have fully understand cryptocurrency but if everyone will stumble an a very simple but perfect explanation how great crypto is. Then I think even the traditional money has advantages that will not enough to stop them from not embracing the new system that is perfect for our evolving world.
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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
It is hardly worth talking about which is better, bitcoin or cash. These are completely different financial assets. Bitcoin, by the way, has not yet become widespread as a means of payment. We must introduce everything new, but not forget and not destroy traditional paper money. It should be remembered that high technologies are very vulnerable during the current global climate change and the old means of payment may still be useful in places of man-made disasters.
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You compare Bitcoin and Cash only related to their functions as a payment tool. This cannot be a valid reason that Cash is better because 1 indicator isn't enough to prove it true. Instead, if we compared Bitcoin and Cash related to their functions as an asset, Bitcoin has a bigger advantage than Cash. With Cash, you won't have the chance to gain significant profits as people got in Bitcoin investment. So, how can you claim Cash is better?
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Cash and Bitcoin both have advantages and disadvantages. If we look the worlds trend then definitely digital currency is better then cash. Now we are used to it. In during covid-19 digital currency get more popularity then cash and that was used mostly all over the world. We get success by using digital currency. In some sense cash is also better. After all i prefer both of the two but in future digital currency will take the instead of cash.
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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
I agree, cash is manipulated by government, inflation and difficult maintain and less profitable to invest. We all know If you save your cash at bank, how many do will get the profit ??
Bitcoin is more profitable.
and At the coming future, when digital era come, I think we will never see cash or fiat money.
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We all know more or less that the price of Bitcoin will reach 100 thousand at a time so we all work here. Investing here will not reduce our money. It will not increase again. It is not better than this. If we buy bitcoin and keep our money, then our money will increase. Again, we can learn a lot about Bitcoin.
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Cash and Bitcoin both have advantages and disadvantages. If we look the worlds trend then definitely digital currency is better then cash. Now we are used to it. In during covid-19 digital currency get more popularity then cash and that was used mostly all over the world. We get success by using digital currency. In some sense cash is also better. After all i prefer both of the two but in future digital currency will take the instead of cash.
You're right, as long as pandemic covid 19 digital currency get more popularity, many people already invested in crypto currency. Many people also do trading at exchange. I think digital currency is better than fiat money to reduce the spread of the virus.
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Bitcoin and fiat have its own weakness and strength. If this is for a payment method, they also have their own positive and negavive sides. Additionally, we may need to be more careful in deciding based on news and update at that time. No panic because of this kind of news
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Bitcoin is more important to me than cash.Because the amount of money you keep in cash will remain the same, neither increase nor decrease.But on the other hand, if you buy Bitcoin, the price of Bitcoin can increase or even decrease.Moreover, there are many disadvantages of cash.
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I think cash can be said to be better because what you mentioned is true, it's just that cash still has weaknesses in my opinion it can't be used for many countries and of course to make transactions outside the country it will make it very difficult and have high costs. very high than digital currencies.
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As far as I'm concerned, it's better to keep Bitcoin than cash.Because you have to face various difficulties to keep cash.Bitcoin is currently one of the most powerful coins.If you buy this coin, you can definitely make a profit.Bitcoin and fiat have its own weakness and strength.Bitcoin is the digital currency between cash and bitcoin.
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I think that the main reason is that because bitcoin is not used in anything like shopping malls and anything else. and you have the bonus that you can use the cash anywhere you want. So I think that this will be the main reason.
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Money is safer than Bitcoin. Because if you deposit your money in a bank, then there is no risk But to be successful in life, you must take risks. If you convert money to Bitcoin then you can create a possibility of profit. But in that case you have to take the risk as you have the possibility of profit as well as the possibility of loss But I don't think bitcoin is comparable to money.
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Cash is better then bitcoin coz cash is stable and it can using for bought anything on all over the world. Bitcoin is not yet being used in all cases. so cash is better the bitcoin on physical life. But bitcoin is much profitable then cash
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Money is much safer than Bitcoin. Most of the reasons you have mentioned are reasonable. But I don't think Bitcoin can be compared to money. Because if you keep the money at home, there will be no return from there But if you use it to invest in Bitcoin, you have a chance to make a profit. Although investing in Bitcoin is a bit more risky than keeping money. I don't think paper money can be compared to bitcoin.