- Nov 22, 2019
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Cash has advantages like it is 100 % offline and also there is no fees associated with it. Do you think cash is better than bitcoins?
Is cash better than bitcoins ?
- Thread starter onlinemarketer12
- Start date
thevideoguy
Regular Member
- Sep 25, 2017
- 397
- 494
Sure, let me pay my developer in India with cash. Will only take an entire month to arrive in the mail from Australia.
Cash only has no transaction fee if the person is right in front of you, otherwise it's gonna cost you much more to transport the funds then the Bitcoin transaction fee is, and will take a hell of a lot longer.
Bitcoin is borderless, you can send it anywhere in the world for a matter of cents very quickly. It's decentralized digital cash
- Nov 22, 2019
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Yes both have benefits and flaws. But which is better overall.
imanseptian
Supreme Member
- Mar 22, 2018
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It depends. Where do you live. And what do you want to do.
- Nov 22, 2019
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In developing countries ?
imanseptian
Supreme Member
- Mar 22, 2018
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Then, cash is better. But beware of inflation. Invest in gold bars, as it will protect your purchase value in long term.
- Nov 22, 2019
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There are restrictions in buying gold where I live.
Priince1337
Elite Member
- Aug 23, 2013
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Cash is only good if you're able to pay for something locally.
Also with Bitcoin you have the advantage/disadvantage that you might see some value increase/decrease.
Also with Bitcoin you have the advantage/disadvantage that you might see some value increase/decrease.
jasonforrest
Regular Member
- Jun 30, 2014
- 434
- 143
Cash is best for nefarious activity lol
D
Deleted member 1333509
Guest
Cash is better than Bitcoin because it is legitimate and is run by the Federal Reserve and other noble central banks, therefore it has true value and is not a part of a system where only a very small amount of people at the top have all of the control.
Bitcoin on the other hand is not a legitimate, and can easily be shut down by governments and banks that provide the real money.
Bitcoin on the other hand is not a legitimate, and can easily be shut down by governments and banks that provide the real money.
jasonforrest
Regular Member
- Jun 30, 2014
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That's backwards.
Cash has value because your country says it has value. Remember it was once backed by something until '71. Nixon said "your dollars today will be worth the same in future", while inflation happened & your purchasing power is losing at least 5% per year. Holding cash in bank, you lose.
Gold & Bitcoin are hard money.
As Robert Kiyosaki says:
Gold - gods money, put on Earth by god, for the people
Bitcoin - peoples money, created by the people, for the people
D
Deleted member 1333509
Guest
I think that cash is certainly real money though because I can touch a $5 USD bill with my fingers, so it has to be real. How can I touch a Bitcoin?
He's probably written a book about it and is trying to cash in. I don't trust anyone that says they have two Dads.. basic biology tells me otherwise.
jasonforrest
Regular Member
- Jun 30, 2014
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so you put no value on digital goods or data? You don't have to touch math to know it's real.
Donata Li Fonti
Newbie
- Jan 29, 2020
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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. Are you clear?
jasonforrest
Regular Member
- Jun 30, 2014
- 434
- 143
He makes a LOT more sense than someone who says Cash is a better money than Bitcoin