Post
Topic
Board Bitcoin Discussion
Re: Why Bitcoin is better than Cash.
by
cryptocoinmystic
on 26/10/2017, 16:42:10 UTC
Bitcoin is constantly superior to money. To our bitcoin earnings,we are not responsible on administration and we compelling reason not must pay expenses unless it will be legalized in the specific nation. For bitcoin,we Might undoubtedly send colossal sums for cash for altogether low expense In secondary velocity. With bitcoin,our cash esteem increases,but with cash,our cash Exactly stays unmoving pulley.

Bitcoins has both pros and cons.

Pros:
Deflationary curremcy
Decentralized
Not controlled by banks
Minable
Ability to buy "stuff" with btcoin
Even appreciating in value
Tradable and transferrable across the world without fees

Cons:
Only vitual: You lose bitcoin if you lose password/private key
Suscetible to forks
Highly volatile
Need to be tech savvy and keep regularly updated about whats happening
some aspects can be too complicated - paper wallet, cold storage etc