Bitcoin Forever | Bitcointalksearch.org

Minhxx

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Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Guys, this is my first post here. I want to share with you, who are admirers and have embraced this technology just like me, my vision about all of this. I am a professional in the financial market, I have the Ancord certification as an Independent Investment Agent, and this process has led me to understand the traditional system, how it works, and also to perceive its flaws. Today, I can affirm that, although it may be clear to many people, the traditional system is weak and flawed, it doesn't work and will suffer crashes from time to time, but it is a system that those in charge have found, governments have found to be able to control people and their capital. Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception about capital. Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

First, welcome to the forum
as you say bitcoin is a threat to the current monetary system. Banks usually close on Saturday and Sunday, evening. Bitcoin does not, trade anytime, anywhere, any time frame. I also believe that bitcoin will grow even further because of the increasingly rare degree of generality.

BigBos

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Quote from: summonerrk on June 27, 2023, 01:01:19 PM

Quote from: BigBos on June 27, 2023, 12:17:47 PM

in previous years there were even more people who refused and didn't know bitcoin but they were fine and even continued to get ATH so I don't understand what obstacles will occur when now many people have started learning bitcoin and not a few have still do not want it because all the same.
We have to realize that the existence of bitcoin does not mean that everyone can accept this, so I think it's okay for people who are not in bitcoin anyway, in the end everything will be the same as usual with bitcoin because there are still many who want bitcoin.
The obstacle for some people in this case is the hope to see bitcoin grow quickly but I for this even though it's good but bitcoin if it grows faster it will actually make this weird because I like bitcoin the same as now with their fluctuating conditions .

I like the fact that we are all already much ahead of other ignorant people in our knowledge of cryptocurrencies. After all, eventually everyone will learn about cryptocurrencies, and the digital future is already inevitable. It seems that I just bought Bitcoin for $ 100 yesterday, and now thousands and thousands dollars! So, at the moment when others find out about Crypto, we will already be experts, and our merit and activity on the forum perfectly reflect this. I love the feeling that this is not completely legalized, we are like revolutionaries in the shadows - this is what is called crypto enthusiasm.

Even though not everyone is here because of course there will be people who stick with the cons, especially for bitcoin, but most will definitely glance at it, at least curious about this.
I personally don't really care whether I am an expert or not in this matter but indeed being in the crypto space especially for bitcoin since a few years ago even though not being here from the start is definitely a lucky thing for me.
Don't really care about what other people say whether this has the potential to damage with very many reasons that they always aim at some problem like crime or whatever it is with environmental destruction that aims to bring down in the end everything remains the same because enthusiasts are getting more and more and it's already felt since last few years.

summonerrk

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Quote from: BigBos on June 27, 2023, 12:17:47 PM

Quote from: lepbagong on June 26, 2023, 11:46:15 PM

Quote from: cryptodude on June 23, 2023, 12:06:51 PM

I don't think bitcoin can disrupt the traditional financial system at present but maybe in the near future when people become completely dependent on digital currency then it possible i think. Our current financial system is backed by a centralized government whereas Bitcoin is still a decentralized currency. Moreover, there are still many questions regarding the acceptance of Bitcoin among the users which may not provide transparency to the users. Due to the additional and unexpected ups and downs, it is still challenging for everyone to accept. Some countries accept Bitcoin and some countries reject Bitcoin. They are still relying on their own management instead of accepting Bitcoin.

until now what you say is a reality, that there are still many who still do not fully accept bitcoin, this will obviously be an obstacle that will occur at a certain time. It must be admitted that those who refuse because they cannot completely control bitcoin because usually they are still centralized with rules that can be controlled, which makes a difference, so they cannot admit it yet. but if only there is a meeting point that can lead to mutual benefit by providing additional rules, this could be a meeting point for both. I think one day everyone will be fully able to accept bitcoin because the situation of technological development is unbearable, it's just that the regulations can be more stringent.

in previous years there were even more people who refused and didn't know bitcoin but they were fine and even continued to get ATH so I don't understand what obstacles will occur when now many people have started learning bitcoin and not a few have still do not want it because all the same.
We have to realize that the existence of bitcoin does not mean that everyone can accept this, so I think it's okay for people who are not in bitcoin anyway, in the end everything will be the same as usual with bitcoin because there are still many who want bitcoin.
The obstacle for some people in this case is the hope to see bitcoin grow quickly but I for this even though it's good but bitcoin if it grows faster it will actually make this weird because I like bitcoin the same as now with their fluctuating conditions .

I like the fact that we are all already much ahead of other ignorant people in our knowledge of cryptocurrencies. After all, eventually everyone will learn about cryptocurrencies, and the digital future is already inevitable. It seems that I just bought Bitcoin for $ 100 yesterday, and now thousands and thousands dollars! So, at the moment when others find out about Crypto, we will already be experts, and our merit and activity on the forum perfectly reflect this. I love the feeling that this is not completely legalized, we are like revolutionaries in the shadows - this is what is called crypto enthusiasm.

BigBos

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Activity: 1974

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Quote from: lepbagong on June 26, 2023, 11:46:15 PM

Quote from: cryptodude on June 23, 2023, 12:06:51 PM

I don't think bitcoin can disrupt the traditional financial system at present but maybe in the near future when people become completely dependent on digital currency then it possible i think. Our current financial system is backed by a centralized government whereas Bitcoin is still a decentralized currency. Moreover, there are still many questions regarding the acceptance of Bitcoin among the users which may not provide transparency to the users. Due to the additional and unexpected ups and downs, it is still challenging for everyone to accept. Some countries accept Bitcoin and some countries reject Bitcoin. They are still relying on their own management instead of accepting Bitcoin.

until now what you say is a reality, that there are still many who still do not fully accept bitcoin, this will obviously be an obstacle that will occur at a certain time. It must be admitted that those who refuse because they cannot completely control bitcoin because usually they are still centralized with rules that can be controlled, which makes a difference, so they cannot admit it yet. but if only there is a meeting point that can lead to mutual benefit by providing additional rules, this could be a meeting point for both. I think one day everyone will be fully able to accept bitcoin because the situation of technological development is unbearable, it's just that the regulations can be more stringent.

in previous years there were even more people who refused and didn't know bitcoin but they were fine and even continued to get ATH so I don't understand what obstacles will occur when now many people have started learning bitcoin and not a few have still do not want it because all the same.
We have to realize that the existence of bitcoin does not mean that everyone can accept this, so I think it's okay for people who are not in bitcoin anyway, in the end everything will be the same as usual with bitcoin because there are still many who want bitcoin.
The obstacle for some people in this case is the hope to see bitcoin grow quickly but I for this even though it's good but bitcoin if it grows faster it will actually make this weird because I like bitcoin the same as now with their fluctuating conditions .

Ale88

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Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Guys, this is my first post here.

After noticing your nickname I would say "welcome back to the past" Grin

Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception about capital. Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

Maybe in your future is actually like that, over here, for the moment, we're still at the first steps. Anyway it's pretty crazy the amount of things that happened in the last years, I feel like the price right now is very underestimated, those who are still out have a huge opportunity to jump in. In 1-2 years probably many people will hate themselves for not buying...

lepbagong

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Quote from: cryptodude on June 23, 2023, 12:06:51 PM

I don't think bitcoin can disrupt the traditional financial system at present but maybe in the near future when people become completely dependent on digital currency then it possible i think. Our current financial system is backed by a centralized government whereas Bitcoin is still a decentralized currency. Moreover, there are still many questions regarding the acceptance of Bitcoin among the users which may not provide transparency to the users. Due to the additional and unexpected ups and downs, it is still challenging for everyone to accept. Some countries accept Bitcoin and some countries reject Bitcoin. They are still relying on their own management instead of accepting Bitcoin.

until now what you say is a reality, that there are still many who still do not fully accept bitcoin, this will obviously be an obstacle that will occur at a certain time. It must be admitted that those who refuse because they cannot completely control bitcoin because usually they are still centralized with rules that can be controlled, which makes a difference, so they cannot admit it yet. but if only there is a meeting point that can lead to mutual benefit by providing additional rules, this could be a meeting point for both. I think one day everyone will be fully able to accept bitcoin because the situation of technological development is unbearable, it's just that the regulations can be more stringent.

cryptodude

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I don't think bitcoin can disrupt the traditional financial system at present but maybe in the near future when people become completely dependent on digital currency then it possible i think. Our current financial system is backed by a centralized government whereas Bitcoin is still a decentralized currency. Moreover, there are still many questions regarding the acceptance of Bitcoin among the users which may not provide transparency to the users. Due to the additional and unexpected ups and downs, it is still challenging for everyone to accept. Some countries accept Bitcoin and some countries reject Bitcoin. They are still relying on their own management instead of accepting Bitcoin.

nlovric

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Quote from: ?? on ??

I am very interested in your decision, because before starting something you have learned more and weaknesses of something you want to follow, bitcoin does have a good future and currently very many investors are interested in investing in bitcoin, and bitcoin will not damage the money system and what will happen later economic development will increase with the existence of crypto currency, So to fix economic problems, the government will rely on Bitcoin and fiat currencies to build a more effective economy.

Without a doubt many people and institutions have become quite interested in and invested in bitcoin. As a decentralised digital currency it has showed promise but it is crucial to appreciate both its advantages and disadvantages. The future of bitcoin is still up in the air because it trades on a shaky market and encounters regulatory issues. Other express concerns about its scalability energy consumption and possibility for illicit activities while some think it has the power to revolutionise the economy. Although it is hard to foresee how governments will approach the cryptocurrency world it is possible that they will look into incorporating digital currencies into their current systems rather than relying entirely on Bitcoin.

In order to address economic difficulties and encourage sustainable growth the road to a more effective economy needs a diverse strategy that integrates many financial tools and technology including cryptocurrency.

Ann3tt3

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Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Guys, this is my first post here. I want to share with you, who are admirers and have embraced this technology just like me, my vision about all of this. I am a professional in the financial market, I have the Ancord certification as an Independent Investment Agent, and this process has led me to understand the traditional system, how it works, and also to perceive its flaws. Today, I can affirm that, although it may be clear to many people, the traditional system is weak and flawed, it doesn't work and will suffer crashes from time to time, but it is a system that those in charge have found, governments have found to be able to control people and their capital. Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception about capital. Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

Unfortunately, the world government does not share our interests in Bitcoin(( They are doing everything they can to make Bitcoin strictly regulated, although they themselves are making transactions on exchanges in the shadows))

Gulttam2a2

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I pray that Bitcoin will last forever. Bitcoin is a platform that fulfills the needs of many unemployed people. Now many people are making a lot of money by trading in this Bitcoin. I am new to this platform but I have been involved with Bitcoin for many days. Bitcoin is really a wonderful platform which in one word is awesome. I think people who don't know about bitcoin should know about this Bitcoin. Bitcoin price goes up and down. Bitcoin price will go up more in future.

balotelli

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Quote from: serjent05 on June 19, 2023, 05:27:59 PM

Quote from: awik p on March 28, 2023, 10:14:03 PM

bitcoin is something new in my life and gives hope to have better finances, from this forum I can learn about bitcoin, its characteristics and how to make money from investing in bitcoin. until during the bearish season this time I didn't experience panic like during the previous bearish season. therefore maybe for the rest of my life I will always be friends with bitcoin which uses a decentralized system with all its advantages

If one has learned the pattern of Bitcoin market, he will never panic sell or worried about its price during the bear market. Instead, he should be happy DCA-ing as price fluctuate because we all know that after the Bitcoin price crash, Bitcoin has the ability to recover and rally upward which often breaks its ATH.

Only those who do not understand nor are willing to understand Bitcoin sell in an instant whenever the price crashes and I find this a good thing because in the end only people who have strong trust on BTC that will be left.

I couldnt agree more. Understanding the Bitcoin market's rhythm is a prerequisite for surviving the volatile waves. Those who cant weather the storm might as well stay at the shore.

DCA is indeed a savvy approach during the bear market. It mitigates risks and averages out the investment costs over time. And with Bitcoin's proven track record of rallying after a crash, DCA has the potential to yield remarkable returns.

The selling spree following a crash often results in an environment where only the resilient hodlers remain. This not only creates a robust Bitcoin community but also reinforces the foundation upon which the cryptocurrency thrives. Your views echo the very sentiment that underpins the spirit of Bitcoin and the wider crypto world.

serjent05

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Quote from: awik p on March 28, 2023, 10:14:03 PM

bitcoin is something new in my life and gives hope to have better finances, from this forum I can learn about bitcoin, its characteristics and how to make money from investing in bitcoin. until during the bearish season this time I didn't experience panic like during the previous bearish season. therefore maybe for the rest of my life I will always be friends with bitcoin which uses a decentralized system with all its advantages

If one has learned the pattern of Bitcoin market, he will never panic sell or worried about its price during the bear market. Instead, he should be happy DCA-ing as price fluctuate because we all know that after the Bitcoin price crash, Bitcoin has the ability to recover and rally upward which often breaks its ATH.

Only those who do not understand nor are willing to understand Bitcoin sell in an instant whenever the price crashes and I find this a good thing because in the end only people who have strong trust on BTC that will be left.

BVeyron

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Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Guys, this is my first post here. I want to share with you, who are admirers and have embraced this technology just like me, my vision about all of this. I am a professional in the financial market, I have the Ancord certification as an Independent Investment Agent, and this process has led me to understand the traditional system, how it works, and also to perceive its flaws. Today, I can affirm that, although it may be clear to many people, the traditional system is weak and flawed, it doesn't work and will suffer crashes from time to time, but it is a system that those in charge have found, governments have found to be able to control people and their capital. Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception about capital. Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

I strongly agree! In total, digitalisation of financial system has brought issues of centralisation. Now, due to this fact, "partly digitalised" fiats are at a high risk of inflation. The other problem is that the wealthiest dollar (and other fiats) holders tend to control BTC by hampering adoption and by setting exchange rates... This brings some centralisation, which, I hope, will be eliminated soon.

borovichok

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Quote from: awik p on March 28, 2023, 10:14:03 PM

bitcoin is something new in my life and gives hope to have better finances, from this forum I can learn about bitcoin, its characteristics and how to make money from investing in bitcoin. until during the bearish season this time I didn't experience panic like during the previous bearish season. therefore maybe for the rest of my life I will always be friends with bitcoin which uses a decentralized system with all its advantages

A key confidence booster for me in the space is paying off debt with bitcoin revenues. I put my entire effort into bettering myself in the field, and I'm working on a strategy to make money throughout both the bull and bear seasons. It's a lifetime endeavor since I won't give up now or in the future. Bitcoin is a solid project, and there's no question that it's going to shoot to the moon; it has done that before, and it is capable of doing it again. Panic only occurs when there is FUD for the market. But as a pro trader with lengthy experience on the market, it's very easier to know and spot good entries on the market.

awik p

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bitcoin is something new in my life and gives hope to have better finances, from this forum I can learn about bitcoin, its characteristics and how to make money from investing in bitcoin. until during the bearish season this time I didn't experience panic like during the previous bearish season. therefore maybe for the rest of my life I will always be friends with bitcoin which uses a decentralized system with all its advantages

raidarksword

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Enjoy your stay here, in the BTT forum and hope you will get some knowledge and information regarding bitcoin and any crypto currencies as well. Bitcoin, will here to stay because it will fix the old ways of financial system we have right now and it is the future of finance that will change and revolutionize the money in form of digital currencies that no one governs and control by any form of entities and even government cannot control it.

rodskee

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how believing the post is but if you are here just to gain merits then surely you will not gather this just for claiming to be a Bitcoin supporter forever because there is no way to confirm that unless you are willing to put all your folio here Wink
but any way , stay that way and you will help the whole market to increase its value by keeping holding and using bitcoin.

but remember that the world is not supporting bitcoin so you will still need to use fiat and that would change your manner

Quote from: slashz9 on March 24, 2023, 08:02:03 AM

I like your idea, but bitcoin is not that far, still very far from it, but people have put their trust in bitcoin which is a good thing, if people keep coming maybe it will be achieved someday.

with your logic , then you must wait forever .

we need nothing to please everybody instead do your part, invest and let others follows you.

trendcoin

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We have 100% control over our own money, we do not need the initiative of third parties, we have semi-anonymity, we can protect against all kinds of global inflation and we can test the concept of financial freedom in an experimental environment...

Thank you so much Bitcoin and Satoshi for everything. We have many good reasons to support Bitcoin forever and we are really lucky to be here.

slashz9

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I like your idea, but bitcoin is not that far, still very far from it, but people have put their trust in bitcoin which is a good thing, if people keep coming maybe it will be achieved someday.

Mr.sprin

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now a lot of people admire bitcoin because they know the value of bitcoin is very expensive and bitcoin is very popular right now, but you need to look back when bitcoin had no value, even bitcoin was exchanged for burgers, was bitcoin as popular as it is now? of course not, bitcoin has become the talk of the world since its price has soared and if in the future bitcoin returns like it was first created by satoshi will there still be people who want to hold it? of course bitcoin will be lived by many people.

Stella Mese

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welcome to this forum friends, I hope you enjoy being in this forum.

bitcoin is a digital asset that is currently popular, and we must be prepared to accept the fact that bitcoin has a fluctuating nature.
and very suitable for long term investment.

I hope that by joining you here your knowledge about bitcoin will increase.

Obari

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Quote from: lixer on March 23, 2023, 01:44:50 PM

Quote from: Obari on March 22, 2023, 05:56:22 AM

Welcome to the forum and I love how positive you are about Bitcoin but why are you adapting to it this late when you have been in the traditional system for so long?
Well just as other users have also said earlier, Bitcoin isn't get a legal tender and until it is declared a global legal, I think people should minimize how much praise they sign of crypto and also try as much as possible to also educate people as well in the dangers possession of Bitcoin can cause due to it's very volatile nature.

I also want you to understand that Bitcoin being like a digital gold just as you mentioned should be seen as an investment option rather than pressuring it to wanting to make it a legal tender.

Not all are lucky to know Bitcoin early and he is into traditional system for so long, so his focus might only be there at all times and he forgot or he doesn't believe on other financial system but it's great that he woke up and realize that the traditional system that he always support is not doing the same thing or care for him.

Bitcoin is already a legal tender on some countries and it's expected that their numbers will grow later on but even if our country isn't among the list, it was still possible to rely only in Bitcoin. Bitcoin originally came out as a currency. This was its main use but being asset is only secondary. We are actually encourage to use BTC actively as a currency as this could help Bitcoin to grow more.

You're right senior but on the other hand, have you thought of the transaction fees and it's conversion to other local currencies? I guess no because I recently sent $150 and it almost my broke my heart that I was charged over $9 and when converted to my local currency at the rate of #730 per dollar, that's over 6000 naira, and I see no reason sending Bitcoin to someone in same country with me when I can easily trade my coin and send it to them as local Fiat.
Please don't get me wrong, I'm personally interested in seeing Bitcoin as a legal tender most especially globally even if it wouldn't be now but let it be soon.

Freddie Boyer

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Quote from: Oshosondy on March 22, 2023, 03:48:33 AM

Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

I remember the times that I made fiat transaction and it failed, going to bank several times before it was solved, this happens twice to me before.

It is true that fiat is flawed, but we still so much depend on it because people like to support what the government support. We still use fiat for many reasons, some people that are into crypto and receiving salary or wage in bitcoin or other crypto still depending on fiat and they convert their salary or wage to fiat for spending.

But fiat makes us lacks freedom from government, bitcoin gives the freedom. Fiat is also decreasing in value, unlike bitcoin which can be considered as a speculative asset and a store of value.

Quote from: Don Pedro Dinero on March 21, 2023, 10:10:22 PM

I like your enthusiasm but bitcoin has not yet broken the financial system.

Nothing can break the fiat financial system. Bitcoin was not created to breake the financial system. It is just an alternative and we have many types of money, bitcoin belongs to one type which are a valuing asset.

Quote from: Despairo on March 21, 2023, 10:52:49 PM

We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it.

CBDCs are not different from fiat, why would bitcoin be banned because of CBDC/fiat when the fiat are existing before bitcoin.

Why is there always concern among some governments or central banks about the potential impact of Bitcoin on financial stability?

lixer

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Quote from: Obari on March 22, 2023, 05:56:22 AM

Welcome to the forum and I love how positive you are about Bitcoin but why are you adapting to it this late when you have been in the traditional system for so long?
Well just as other users have also said earlier, Bitcoin isn't get a legal tender and until it is declared a global legal, I think people should minimize how much praise they sign of crypto and also try as much as possible to also educate people as well in the dangers possession of Bitcoin can cause due to it's very volatile nature.

I also want you to understand that Bitcoin being like a digital gold just as you mentioned should be seen as an investment option rather than pressuring it to wanting to make it a legal tender.

Not all are lucky to know Bitcoin early and he is into traditional system for so long, so his focus might only be there at all times and he forgot or he doesn't believe on other financial system but it's great that he woke up and realize that the traditional system that he always support is not doing the same thing or care for him.

Bitcoin is already a legal tender on some countries and it's expected that their numbers will grow later on but even if our country isn't among the list, it was still possible to rely only in Bitcoin. Bitcoin originally came out as a currency. This was its main use but being asset is only secondary. We are actually encourage to use BTC actively as a currency as this could help Bitcoin to grow more.

maydna

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Welcome to this forum and feel free to learn various things about crypto.

I don't imagine that bitcoin will replace fiat because, until now, few countries have allowed using bitcoin as a legal currency. So I guess people are also still using fiat as a payment system while using bitcoin as their investment. And even though there may be high inflation, the government will not give up its fiat and switch to bitcoin because they will maintain and try to stabilize the economy.

So for now, we can use bitcoin as an investment first and it is the right choice for you because you can already see the potential of bitcoin, which can benefit you.

Bitcoin_people

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Quote from: Lorence.xD on March 22, 2023, 08:02:23 AM

Quote from: Obari on March 22, 2023, 05:56:22 AM

Snip ~

This is true, some people think it just as easy investment that you will gain profit in just putting your assets in Bitcoin. People should have proper knowledge about how volatile bitcoin that it changes its value from time to time. However, it still deserve a praise as it gives a lot of opportunity to people which we can see here in forums. Also having bitcoin as your assets couldn't be a danger if you're not selling. Hodling can even cost more for your profit in a long period of time so I don't consider it dangerous I consider it as treasure that you are holding. Never be afraid to hold and buy and dump so once bitcoin pumped get your profit.

You are right but there are some investors who think they are putting their money at risk by investing. However, if his wealth is invested in Bitcoin, then he must be patient because investing in Bitcoin should never be disappointing, it is necessary to have hope. But people can earn a lot of profit by investing. But it is true that the mark can be down at any time and sometimes it can be absolutely pumped. It should be accepted and invested and Bitcoin investment should never be volatile then it will definitely be profitable in future.

livingfree

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Welcome!

We all got the same thoughts about bitcoin and that's why we're all here and staying because we all share the same idea and vision about bitcoin. And the issues that the banks, traditional systems and the same in their sector is showing the flaws that they've got.

It is giving the highlights for bitcoin and soon more people will understand why many advocates of bitcoin have been telling this for a long time that, they should buy bitcoin.

Ayers

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Quote from: The Cryptovator on March 22, 2023, 01:12:34 PM

In my opinion, Bitcoin is unlikely to disrupt the traditional financial system. This is due to the fact that the traditional financial system is supported by centralized governments, whereas Bitcoin is supported by its community. Governments are unlikely to relinquish their control over the financial system and adopt Bitcoin. Although Bitcoin is based on modern technology, its decentralized nature has made it challenging to achieve widespread adoption globally. Although some governments have accepted Bitcoin, they are not willing to cede control to it. Therefore, they continue to rely on the traditional financial system instead of embracing Bitcoin.

I will agree with you, even though we are bitcoin investors and we all want bitcoin to win and replace fiat in the future. But we need to admit and accept the fact that it will be very unlikely and may never happen. As long as the government controls us, there cannot be a decentralized system to lead and manage this world. Assuming I was the government, I would also find a way to stop bitcoin at all costs, simply because it's not in my favor. It's good but it doesn't benefit us but only benefits others, we will never need it, that's what the government is thinking.

tbct_mt2

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Quote from: hZti on March 22, 2023, 12:01:17 PM

Bitcoin is deflationary, since more and more people are introduced into bitcoin every day. Since the rate of bitcoin creation will sooner or later return to zero, we will have a massive deflation. Also you need to consider that day by day bitcoins are lost forever, which is a problem that to this day is not solved.

Technically its production rate only hits zero in 2140 that surely not too soon. We can say about when it happen, in what year, not sooner or later.

The chart does not tell me anything that Bitcoin is deflationary. Deflation definition. I disagree if we only want to call Bitcoin is deflationary because of past and future lost bitcoins from careless people and because of its lower production rate in future as effects from its future halving.

Block rewards will become less and less but it is still inflationary.

Quote from: jayce on March 22, 2023, 01:21:35 PM

Yeah and actually, if there is no bitcoin at all, we perhaps wouldn't care about our privacy and use anything the governments order us to do so. Thanks to satoshi, now we are fully aware about how important our privacy is, and the other benefits we get by using bitcoin like the less fee for money transaction, and the shorter delivery time to send money worldwide.

People should give rounds of applause to Satoshi Nakamoto for the creation of Bitcoin that changed the world. There are some development efforts before Bitcoin but Bitcoin is a first cryptocurrency which revolutionize transactions between people.

Bitcoin prehistory

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Quote from: Tony116 on March 22, 2023, 10:21:38 AM

Bitcoin deserves praise but need not be exaggerated to the point of sometimes being untrue. I'd rather talk about the volatility and risk of investing in bitcoin than flatter it. If a newbie all day only hears about the miracle stories of bitcoin without knowing the price to pay when investing in bitcoin, it will only harm them.

Holding bitcoins still has some dangers, bitcoin has existed and developed for more than 14 years, but so far, it has not been fully accepted or legalized globally. That means it's still risky, and we have no evidence that it will last for the next 14 years. Invest with money you can lose, don't forget this saying.

The issue where people tend to talk like bitcoin has no issues or bitcoin is so amazing, comes from the fact that fiat has so many issues that the issues in bitcoin looks too small for some people.

I am not saying that's true, there is a reality that we are not talking about bitcoins shortcomings as well and it's true that there are some stuff that could get better, like miners potentially having too much power, or maybe the fee, or maybe some other thing, volatility is definitely a big one. However, when you compare all of the problems of bitcoin in the past 15 years since it was just a concept, I can say that a single day in fiat could still be worse than all of it combined.

$crypto$

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Quote from: Despairo on March 21, 2023, 10:52:49 PM

Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

But you're still need to use fiat because you can't use Bitcoin to pay anything in your country, so you're still trusting fiat even you're not use it as to store your wealth. We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it. But you can still use Bitcoin since there's a way to trade Bitcoin without need a permission from centralized entity, as long as you not make any mistake.

Fiat will not be replaced as currency while bitcoin is only a reserve where they can choose that option, even if we want bitcoin as payment but we cannot refuse fiat it is a very important need for us in our own country.
There are changes later to the CBDC but the government still has control over it whereas there is no prohibition for bitcoin it's just that it's a commodity asset and won't be completely legal in a certain country, so even though we believe in bitcoin in the future I think fiat is still not replaced.

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First and foremost, I would like to welcome you to this forum, and I hope you stay active here to share more of your knowledge with the financial market with us here.

Bitcoin have indeed changed the narrative, Bitcoin have given hope to the hopeless and freedom to the captive, it is left for people to accept it, fiat has failed us several times, and will continue to fail as long as it is been controlled by a set of untrustworthy individuals, Bitcoin is a better option and i cant wait for the time when bitcoin payments will become fully integrated into our payment systems.

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Welcome to the club, but then I will like you to know that there is a big difference between being a financial agent and a financial analyst and at that you may need the latter to aid your success in your newfound love of Bitcoin.
And also while you are at that, you should take time to study the interconnectedness of the decentralized financial system and the traditional financial system since you are dealing with global assets as an investor.

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welcome to the club mate Cheesy

pretty good exposure but the problem for now remains we can't ignore the fiat. regardless of how good bitcoin is, we still won't be able to leave it, especially in countries that are still in that system.
Being in bitcoin will indeed be very good but fiat also needs to be there for our lives, even though we don't really do anything big there but when we support our daily needs then we need fiat for that.

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Quote from: tbct_mt2 on March 22, 2023, 08:59:14 AM

CBDCs are tools for governments to control their citizens and their cash flows better. Using CBDCs, privacy is gone but I think many people don't mind about privacy. They will have no issue to use CBDCs and some others will continue to use fiat currencies, Bitcoin & cryptocurrency and CBDCs for their lives. They have no problem to co-use those currencies.

Yeah and actually, if there is no bitcoin at all, we perhaps wouldn't care about our privacy and use anything the governments order us to do so. Thanks to satoshi, now we are fully aware about how important our privacy is, and the other benefits we get by using bitcoin like the less fee for money transaction, and the shorter delivery time to send money worldwide.

Quote from: Lucius on March 22, 2023, 10:45:02 AM

I already wrote that I do not agree that we should put CBDC and Bitcoin in the same category of complexity, because digital fiat is nothing more than a visual display of one's funds in a government application - there are no fees, transactions are instant and there is no need to think too much. In addition, when the time comes for digital euros or US dollars, you will be able to pay with them anywhere, with Bitcoin this will probably never be the case.

Well yeah that's the truth, digital fiat is just a normal fiat in virtual version, and claimed by the governments as the easier transaction tools, which in fact, the real value of that is our privacy, where they could monitor our transactions easier and more efficient.

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In my opinion, Bitcoin is unlikely to disrupt the traditional financial system. This is due to the fact that the traditional financial system is supported by centralized governments, whereas Bitcoin is supported by its community. Governments are unlikely to relinquish their control over the financial system and adopt Bitcoin. Although Bitcoin is based on modern technology, its decentralized nature has made it challenging to achieve widespread adoption globally. Although some governments have accepted Bitcoin, they are not willing to cede control to it. Therefore, they continue to rely on the traditional financial system instead of embracing Bitcoin.

panganib999

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Congrats on stepping over and creating your first post! You'll find that the forum isn't only about bitcoin, but about a lot of stuff that encompass multiple aspects of life too. Find a board that resonates with you and maybe go ham with it! In any case...

I think you're right for the most part, the fact that the governments do have control over the financial system and even the stock market in certain scenarios is a little concerning. But at the same time. as much as bitcoin is hoping to break this system and impose its own liberated form of investment and financial system, we still haven't gone to that phase yet, as many have pointed out. There's still ways to go and changes to be made before bitcoin could break the current financial system, but we're getting there!

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Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Today, I can affirm that, although it may be clear to many people, the traditional system is weak and flawed, it doesn't work and will suffer crashes from time to time, but it is a system that those in charge have found, governments have found to be able to control people and their capital.

If I digest your statement, this implies that the traditional system, which presumably refers to the current economic and political system, is flawed and ineffective, and prone to failure and collapse. However, it is important to note that there are varying opinions on this matter, and many people may have different perspectives on the effectiveness of traditional systems.

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Quote from: tbct_mt2 on March 22, 2023, 09:49:07 AM

Bitcoin is not deflationary but it is actually inflationary. Each 10 minutes, new bitcoins will be created from each new mined block. How many bitcoins will be created by each block depends on block reward at that era. After 210,000 blocks, a new era will come by a new block reward halving.

Calling Bitcoin as a deflationary asset is a lie to attract more people.

Controlled supply

The chart shows its inflation vs time.

Bitcoin is deflationary, since more and more people are introduced into bitcoin every day. Since the rate of bitcoin creation will sooner or later return to zero, we will have a massive deflation. Also you need to consider that day by day bitcoins are lost forever, which is a problem that to this day is not solved.

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Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

They say you have a good idea about something when you have had a first hand experience of that thing and what it is. Due to your experience of both worlds, you have a very good idea and know the benefits that bitcoins has over the traditional system, and based on your experience also in both fields, you will be more convincing whenever you find yourself in a discussion that involves people finding it difficult to believe and agree that bitcoins indeed have benefits over the regular traditional system.

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Quote from: jayce on March 22, 2023, 08:34:07 AM

That's a good point, anything that the government suggests to use, then we would use it anyway. Actually bitcoin is as easy as CBDC to understand, even easier, especially for young people which they have more knowledge about recent technologies and could access any info they want, while the older people prefer to have same side with the government, no matter if the effect of the policies is good or bad for them.

I already wrote that I do not agree that we should put CBDC and Bitcoin in the same category of complexity, because digital fiat is nothing more than a visual display of one's funds in a government application - there are no fees, transactions are instant and there is no need to think too much. In addition, when the time comes for digital euros or US dollars, you will be able to pay with them anywhere, with Bitcoin this will probably never be the case.

Quote from: jayce on March 22, 2023, 08:34:07 AM

India and Russia are trying to implement CBDC because they didn't want to consider crypto as a legal thing in the first place, and CBDC is their newest way to make their people get rid of that.

Obsessive control of people and their actions in order to control the masses results in the fact that the CBDC starts from countries that have a deeply indoctrinated population, just as is the case with China and Russia. If you can sell a nation the story that Nazism is back and that they must go and liberate Europe, as was the case in World War II - then you can sell them anything, let alone digital fiat.

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Quote from: Lorence.xD on March 22, 2023, 08:02:23 AM

Quote from: Obari on March 22, 2023, 05:56:22 AM

Well just as other users have also said earlier, Bitcoin isn't get a legal tender and until it is declared a global legal, I think people should minimize how much praise they sign of crypto and also try as much as possible to also educate people as well in the dangers possession of Bitcoin can cause due to it's very volatile nature.

This is true, some people think it just as easy investment that you will gain profit in just putting your assets in Bitcoin. People should have proper knowledge about how volatile bitcoin that it changes its value from time to time. However, it still deserve a praise as it gives a lot of opportunity to people which we can see here in forums. Also having bitcoin as your assets couldn't be a danger if you're not selling. Hodling can even cost more for your profit in a long period of time so I don't consider it dangerous I consider it as treasure that you are holding. Never be afraid to hold and buy and dump so once bitcoin pumped get your profit.

Bitcoin deserves praise but need not be exaggerated to the point of sometimes being untrue. I'd rather talk about the volatility and risk of investing in bitcoin than flatter it. If a newbie all day only hears about the miracle stories of bitcoin without knowing the price to pay when investing in bitcoin, it will only harm them.

Holding bitcoins still has some dangers, bitcoin has existed and developed for more than 14 years, but so far, it has not been fully accepted or legalized globally. That means it's still risky, and we have no evidence that it will last for the next 14 years. Invest with money you can lose, don't forget this saying.

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Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception about capital.

Not yet,few people uses bitcoin compared to fiat currency. Presently,in all type of currency fiat is king because it is controlled by the government. The government controls the economy of a country. Bitcoin is an underground king which the government knows and they will do everything for bitcoin not to dethrone fiat.

My point is that bitcoin is new and fiat has been in existence for a long time,for this season fiat still remains the most used or governments will force its citizens to use CBDC and not bitcoin. Bitcoin is an alternative currency and will only be used by its lovers.

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Quote from: Zilon on March 22, 2023, 09:21:40 AM

Irrespective of what works best. Bitcoin as a deflationary asset is still a major concern.

Do you concern yourself that why Bitcoin is a deflationary asset?

Bitcoin is not deflationary but it is actually inflationary. Each 10 minutes, new bitcoins will be created from each new mined block. How many bitcoins will be created by each block depends on block reward at that era. After 210,000 blocks, a new era will come by a new block reward halving.

Calling Bitcoin as a deflationary asset is a lie to attract more people.

Controlled supply

The chart shows its inflation vs time.

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Quote from: retreat on March 22, 2023, 04:18:40 AM

It's even funny that stakeholders in banking say that digital currency will become an alternative to crypto and will replace its function as a digital asset. even in my country, here governor of central bank directly promote digital currency to people and try to convince people to use this digital currency as their choice in their daily transactions lol.

Very strange in my opinion. It is clear that what makes crypto attractive is the limited total supply and decentralized. while this is very funny if banking is an alternative to digital currency while the total supply is unknown and centralized. The two things are contradictory because the concepts of the two are very different.

Quote from: Fiatless on March 22, 2023, 12:17:49 AM

Bitcoin is striving to revolutionize the global financial system but there are some impediments. The traditional banking system backed by the government is resisting the penetration of bitcoin into the financial system because of the fear of losing control. To stop bitcoin adoption and influence they impose certain restrictions on its use within their territory. Bitcoin awareness is also slow in some areas due to certain challenges such as a lack of basic amenities, poor economic conditions, and illiteracy. But so far bitcoin is still trailblazing.

Undoubtedly and surely blockchain technology will break the regulations of every country. and overthrow central bank hegemony and blockchain will penetrate all internet distribution systems besides finance and monetary

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Quote from: Lorence.xD on March 22, 2023, 08:02:23 AM

I got your point mate but I didn't actually mean holding cryptocurrency is dangerous but I'm saying that for a newbie, as a result of the volatile nature of cryptocurrency, which can either fall or rise, the possession of it as a result can be dangerous as one might get liquidated if not having much balance in ones portfolio.
I have seen people who got their lives ruined in Bitcoin and I've also seen people like myself who are already building something from Bitcoin, hence what I'm trying to say is that, as much as we preach the goodness of Bitcoin, we should also do well to chip in the dangers or maybe better put the disadvantages as well.

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Irrespective of what works best. Bitcoin as a deflationary asset is still a major concern. As a matter of fact it is not completely safe yet to rely on Bitcoin because it is never stable. It could have been a better legal tender if it were less volatile, because if it eventually becomes one, it will strike lots of dispute between commodity traders in that as the value keeps deflating it will become a threat to the trader and also the buyer and might result to swapping to fiat especially the amount reserved as capital.

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Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Guys, this is my first post here. I want to share with you, who are admirers and have embraced this technology just like me, my vision about all of this. I am a professional in the financial market, I have the Ancord certification as an Independent Investment Agent, and this process has led me to understand the traditional system, how it works, and also to perceive its flaws. Today, I can affirm that, although it may be clear to many people, the traditional system is weak and flawed, it doesn't work and will suffer crashes from time to time, but it is a system that those in charge have found, governments have found to be able to control people and their capital. Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception about capital. Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

You are welcome to the family of bitcoin, from your profile and post history, you are new in the forum but from your first post, you are not new in bitcoin. The world leaders have their peculiar way of suffering their citizens so bitcoin was created to bridge that gap. Bitcoin has come to stay and other currencies (fiat) will bow to it. And from the way sound might be good in the analytical aspect of the market. In any dispensation there must be progressive and the old age or models must pass away and new things must take place. Bitcoin has come to take the system for the progressive mindset. Bitcoin we trust.

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Except for those who haven't made it a point of trial in checking out the digital system of financial technology with bitcoin, they may not be able to see or perceive what we are seing through this rare opportunity with bitcoin with financial freedom, some of them knows about it because they have engaged using the blockchain technology in some certain aspects but wouldn't support the adoption of bitcoin because they know it's a weakener to their financial strength on people's assets by giving them top priority as a third party against any bearer.

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Quote from: jayce on March 22, 2023, 08:34:07 AM

That's a good point, anything that the government suggests to use, then we would use it anyway. Actually bitcoin is as easy as CBDC to understand, even easier, especially for young people which they have more knowledge about recent technologies and could access any info they want, while the older people prefer to have same side with the government, no matter if the effect of the policies is good or bad for them.

CBDCs are tools for governments to control their citizens and their cash flows better. Using CBDCs, privacy is gone but I think many people don't mind about privacy. They will have no issue to use CBDCs and some others will continue to use fiat currencies, Bitcoin & cryptocurrency and CBDCs for their lives. They have no problem to co-use those currencies.

Quote

India and Russia are trying to implement CBDC because they didn't want to consider crypto as a legal thing in the first place, and CBDC is their newest way to make their people get rid of that.

Those nations have internal conflicts between their regulatory agencies but generally they tend to accept cryptocurrency and Russia is leading the world in CBDC. It is natural with massive sanctions they have because of Ukraine invasion. They must to find other ways for their national cash flow.

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Quote from: Lucius on March 22, 2023, 06:31:30 AM

It is not so important what people think of CBDC, it is more important how governments will gradually introduce it into the system. When (and if) classic FIAT is replaced by CBDC, people will have no other options (except BTC), and most of them do what the government suggests anyway. In countries like China, it is already a done deal, and I doubt that it would be difficult to implement the same thing in countries like India or Russia.

I am of the opinion that CBDC is still simpler than BTC, there is not much to understand except that you need an official government app and it all boils down to the send/receive button.

That's a good point, anything that the government suggests to use, then we would use it anyway. Actually bitcoin is as easy as CBDC to understand, even easier, especially for young people which they have more knowledge about recent technologies and could access any info they want, while the older people prefer to have same side with the government, no matter if the effect of the policies is good or bad for them. India and Russia are trying to implement CBDC because they didn't want to consider crypto as a legal thing in the first place, and CBDC is their newest way to make their people get rid of that.

Lorence.xD

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Quote from: Obari on March 22, 2023, 05:56:22 AM

Well just as other users have also said earlier, Bitcoin isn't get a legal tender and until it is declared a global legal, I think people should minimize how much praise they sign of crypto and also try as much as possible to also educate people as well in the dangers possession of Bitcoin can cause due to it's very volatile nature.

This is true, some people think it just as easy investment that you will gain profit in just putting your assets in Bitcoin. People should have proper knowledge about how volatile bitcoin that it changes its value from time to time. However, it still deserve a praise as it gives a lot of opportunity to people which we can see here in forums. Also having bitcoin as your assets couldn't be a danger if you're not selling. Hodling can even cost more for your profit in a long period of time so I don't consider it dangerous I consider it as treasure that you are holding. Never be afraid to hold and buy and dump so once bitcoin pumped get your profit.

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Quote from: Despairo on March 21, 2023, 10:52:49 PM

Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

But you're still need to use fiat because you can't use Bitcoin to pay anything in your country, so you're still trusting fiat even you're not use it as to store your wealth. We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it. But you can still use Bitcoin since there's a way to trade Bitcoin without need a permission from centralized entity, as long as you not make any mistake.

Someone using fiat does not automatically translate that they trust the fiat system. He can be using fiat because it is what the government of his economy permits and that does not mean that he trusts fiat.

Even the government knows that the system of currency they operate has been flawed. What they do is fight tirelessly to make sure that the rising technology of Bitcoin and crypto graphy is being eliminated, but that is what they cannot achieve.
It is clearly obvious that the world financial system is going to change in a few decades to come and we are lucky we have already taken the early spot in the market.

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Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

~snip~
Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception about capital.

We can debate whether Bitcoin has succeeded or not, but we cannot talk about Bitcoin succeeding in any way as you say "break the entire traditional system" because the percentage of people involved in Bitcoin in any way is less than 5% of the total world population. Realistically, maybe 1-2% even understand or use Bitcoin the way it should be, while for the majority it is just an investment like any other. Human perception of capital and value has unfortunately not changed much since the existence of Bitcoin and the vast majority of people still keep their value in the bank, stocks, bonds or gold.

Quote from: NotATether on March 22, 2023, 12:20:30 AM

CRBCs are hot garbage. Nobody will use them. Not even fiat-oriented people will use them, for the same reason they don't use Bitcoin - because they don't understand it.

It is not so important what people think of CBDC, it is more important how governments will gradually introduce it into the system. When (and if) classic FIAT is replaced by CBDC, people will have no other options (except BTC), and most of them do what the government suggests anyway. In countries like China, it is already a done deal, and I doubt that it would be difficult to implement the same thing in countries like India or Russia.

I am of the opinion that CBDC is still simpler than BTC, there is not much to understand except that you need an official government app and it all boils down to the send/receive button.

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Welcome to the forum and I love how positive you are about Bitcoin but why are you adapting to it this late when you have been in the traditional system for so long?
Well just as other users have also said earlier, Bitcoin isn't a legal tender and until it is declared a global legal tender, I think people should minimize how much praise they sing of crypto and also try as much as possible to also educate people as well in the dangers possession of Bitcoin can cause due to it's very volatile nature.

I also want you to understand that Bitcoin being like a digital gold just as you mentioned should be seen as an investment option rather than pressuring to wanting to make it a legal tender.

retreat

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Quote from: NotATether on March 22, 2023, 12:20:30 AM

Quote from: Despairo on March 21, 2023, 10:52:49 PM

We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it.

CRBCs are hot garbage. Nobody will use them. Not even fiat-oriented people will use them, for the same reason they don't use Bitcoin - because they don't understand it.

For now, its sole use is as a token for other banks to transact with. And it will probably stay like that, especially in countries with sticky legislation procedures.

Let's make more analysts Bitcoiners

It's even funny that stakeholders in banking say that digital currency will become an alternative to crypto and will replace its function as a digital asset. even in my country, here governor of central bank directly promote digital currency to people and try to convince people to use this digital currency as their choice in their daily transactions lol.

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Quote from: Despairo on March 21, 2023, 10:52:49 PM

Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

But you're still need to use fiat because you can't use Bitcoin to pay anything in your country, so you're still trusting fiat even you're not use it as to store your wealth. We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it. But you can still use Bitcoin since there's a way to trade Bitcoin without need a permission from centralized entity, as long as you not make any mistake.

True. I hate it when some people say that you only need Bitcoin and they don't think that we can live in different countries. I just can't use Bitcoin where I live, I can buy some things online, but I can't pay rent or buy groceries with it, and I don't think it will be possible any time soon.

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Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

I remember the times that I made fiat transaction and it failed, going to bank several times before it was solved, this happens twice to me before.

It is true that fiat is flawed, but we still so much depend on it because people like to support what the government support. We still use fiat for many reasons, some people that are into crypto and receiving salary or wage in bitcoin or other crypto still depending on fiat and they convert their salary or wage to fiat for spending.

But fiat makes us lacks freedom from government, bitcoin gives the freedom. Fiat is also decreasing in value, unlike bitcoin which can be considered as a speculative asset and a store of value.

Quote from: Don Pedro Dinero on March 21, 2023, 10:10:22 PM

I like your enthusiasm but bitcoin has not yet broken the financial system.

Nothing can break the fiat financial system. Bitcoin was not created to breake the financial system. It is just an alternative and we have many types of money, bitcoin belongs to one type which are a valuing asset.

Quote from: Despairo on March 21, 2023, 10:52:49 PM

We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it.

CBDCs are not different from fiat, why would bitcoin be banned because of CBDC/fiat when the fiat are existing before bitcoin.

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Welcome to the Bitcointalk forum. I'm glad you know about bitcoin and can visit this forum and share your opinion. And I'm also glad that you will dedicate your life to continuing what you have done with bitcoin.

It's not easy to accept bitcoins because this has never existed before. And it takes an open mind to accept the existence of bitcoin and realize the potential it can give us. And you are one of the people who can realize the potential of bitcoin in the future so I hope you can continue to learn more about using bitcoin and also make more money from bitcoin. Make bitcoins your investment in addition to owning other investments to spread your wealth across different types of investments.

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Quote from: Despairo on March 21, 2023, 10:52:49 PM

We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it.

CRBCs are hot garbage. Nobody will use them. Not even fiat-oriented people will use them, for the same reason they don't use Bitcoin - because they don't understand it.

For now, its sole use is as a token for other banks to transact with. And it will probably stay like that, especially in countries with sticky legislation procedures.

Let's make more analysts Bitcoiners

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Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Guys, this is my first post here. I want to share with you, who are admirers and have embraced this technology just like me, my vision about all of this. I am a professional in the financial market, I have the Ancord certification as an Independent Investment Agent, and this process has led me to understand the traditional system, how it works, and also to perceive its flaws. Today, I can affirm that, although it may be clear to many people, the traditional system is weak and flawed, it doesn't work and will suffer crashes from time to time, but it is a system that those in charge have found, governments have found to be able to control people and their capital. Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception of capital. Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

It's great to have you on the forum. Confirming from a qualified professional like you give people like me confidence that we are on the right path. I hope you will use your wealth of experience in the traditional banking sector to give us more innovative insights into investments and other global financial matters.

Bitcoin is striving to revolutionize the global financial system but there are some impediments. The traditional banking system backed by the government is resisting the penetration of bitcoin into the financial system because of the fear of losing control. To stop bitcoin adoption and influence they impose certain restrictions on its use within their territory. Bitcoin awareness is also slow in some areas due to certain challenges such as a lack of basic amenities, poor economic conditions, and illiteracy. But so far bitcoin is still trailblazing.

Despairo

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Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

But you're still need to use fiat because you can't use Bitcoin to pay anything in your country, so you're still trusting fiat even you're not use it as to store your wealth. We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it. But you can still use Bitcoin since there's a way to trade Bitcoin without need a permission from centralized entity, as long as you not make any mistake.

Don Pedro Dinero

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Welcome to the forum!

Quote from: realjohntit0r on March 21, 2023, 09:53:59 PM

Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception about capital. Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

I like your enthusiasm but bitcoin has not yet broken the financial system.

I don't think the perception of capital has changed either. Basically the current financial system is based on debt. Fiat money is credit rather than money, it has a counterpart in debt. Whereas bitcoin is like digital gold, a bitcoin is a bitcoin without depending on any debt, in the same way that an ounce of gold has a value that does not depend on any debt.

realjohntit0r

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Guys, this is my first post here. I want to share with you, who are admirers and have embraced this technology just like me, my vision about all of this. I am a professional in the financial market, I have the Ancord certification as an Independent Investment Agent, and this process has led me to understand the traditional system, how it works, and also to perceive its flaws. Today, I can affirm that, although it may be clear to many people, the traditional system is weak and flawed, it doesn't work and will suffer crashes from time to time, but it is a system that those in charge have found, governments have found to be able to control people and their capital. Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception about capital. Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

Topic: Bitcoin Forever (Read 549 times)