Bitcoin is a Lifeboat - page 4. | Bitcointalksearch.org

Kong Hey Pakboy

member

Activity: 1120

Merit: 68

Quote from: masterzino on February 27, 2021, 04:21:35 AM

I cannot accept Bitcoin as a Lifeboat. I don't expect even crypto to replace fiat.

But I accept crypto as a doorstep to many (earning) opportunities that don't exist in the fiat world. I'm optimistic but cautious.

Same thought. Even with bitcoin's current status, we still can't conclude anything after all, especially of it's bitcoin we're talking about. I have seen a thread in this forum that the volatility rate of bitcoin is going down these days, but we can't trust on it. Yes, bitcoin has been a lifesaver for some but can't still replace fiat. We should just keep on investing in bitcoin and don't worry, this is the only start of the long journey bitcoin will take.

masterzino

hero member

Activity: 1218

Merit: 513

I cannot accept Bitcoin as a Lifeboat. I don't expect even crypto to replace fiat.

But I accept crypto as a doorstep to many (earning) opportunities that don't exist in the fiat world. I'm optimistic but cautious.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Quote from: hopenotlate on February 26, 2021, 04:42:17 PM

Thread title almost completely fits how I see Bitcoin : when the tsunami will hit ( I already hear the thunders) only the travelers on the new Noah's Ark will be saved.

That is a pretty ambitious analogy for bitcoin, I have to agree but we have understand that bitcoin still has its shortcomings that may leave a bad taste for some. I wouldn't really compare it to a lifeboat because lifeboats are small and I think the more appropriate is bitcoin is an island in a world of water, fiat are boats that will eventually sink and bitcoin is the only safe haven that we don't have to worry that it will sink.

Stalker22

legendary

Activity: 1526

Merit: 1359

Bitcoin could provide a solution for countries (like Venezuela) that are mired in cash.

In Venezuela, the bolivar might as well not even exist, because it is literally worth less than the paper it’s printed on. The Venezuelan government has been forced to deal with the US Treasury and American sanctions. These sanctions banned any transactions of Venezuelan currency to the US and froze some of the country's assets. The Central Bank of Venezuela has therefore been forced to print notes and coins that are not accepted elsewhere, in order to stay afloat.
All of this could have been avoided had they integrated cryptocurrencies into their economy.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: ukw on February 26, 2021, 03:05:28 PM

The world is changing and this is inevitable. We go through different economic stages, and cryptocurrencies are the inevitable new beginning of currencies and a new economic system.

As much as I would like for things to not go in that direction governments have forced us upon that path and since there is nothing we can do to avoid the crash then we need to do whatever we can to protect ourselves, one option is to buy gold but I have no doubt that ownership of gold will once again become illegal which means that bitcoin will be for the most part the only option that most people will have to buy an asset to use as a lifeboat.

rhomelmabini

hero member

Activity: 2030

Merit: 578

No God or Kings, only BITCOIN.

Sooner or later that lifeboat will be much bigger it will rescue much people. The ship is sinking and we don't have to find another ship since the Bitcoin lifeboat will be the one that will take us into safety or make us winner, this reminds me of that famous game.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

That's one way of looking at it, although with that statement it's as if we're sure that bitcoin is what's going to replace the financial system which is far from happening. The financial system is sinking day by day, no doubt about it. Even if that's the case, we still have bitcoin only as a temporary refuge and not as a replacement to these aptly-spec'd boats that can still be seaworthy even after a few tides. Not that I'm saying that the fiat system is robust and sound, but its seaworthiness is proven, although there will come a time wherein it would be salvaged and be used for scrap in the future, just like what boats are destined to end.

ChiBitCTy

legendary

Activity: 2282

Merit: 3014

Andreas is the best. When I found bitcoin back in 2014 or so, the first book I ever read was Mastering Bitcoin, though it was super high level and over my head, it was still a good intro and introduced me to the Greek Freak. I of course agree with him here. In keeping with the whole boat theme, bitcoin is not only the life raft, it's the tide itself that raises all other boats...no denying either.

hopenotlate

legendary

Activity: 3402

Merit: 1227

Top Crypto Casino

Thread title almost completely fits how I see Bitcoin : when the tsunami will hit ( I already hear the thunders) only the travelers on the new Noah's Ark will be saved.

Hippocrypto

sr. member

Activity: 1484

Merit: 277

Quote from: ukw on February 26, 2021, 03:05:28 PM

The world is changing and this is inevitable. We go through different economic stages, and cryptocurrencies are the inevitable new beginning of currencies and a new economic system.

Yes, this is really amazing changes that we never expected to create another perspectives in life. Though it challenges our well being, but provides a lesson to everyone who fails to own cryptocurrency because of fomo, as well as negative thoughts that came from someone elses speculation.
Bitcoin's lifeboat is somehow surprising, unpredictable, challenging and infinite because tommorow always counts on.

ukw

sr. member

Activity: 616

Merit: 250

The world is changing and this is inevitable. We go through different economic stages, and cryptocurrencies are the inevitable new beginning of currencies and a new economic system.

maxig.boroday

newbie

Activity: 36

Merit: 0

Its either you hodl on it and survive or sell it and get nothing

dkbit98

legendary

Activity: 2212

Merit: 7064

Andreas Antonopoulos made a great video for everyone to watch, both for newbies who don't know anything about Bitcoin and as reminder for everyone else who is watching Bitcoin price waves now.

All fiat currencies are in war with each other and with Bitcoin, and their big boats are all sinking at different speed but they are surely sinking.

Central Bank Digital Currencies and corporate coins like Libra are just a distractions.

Bitcoin is a Lifeboat, so you better prepare and help others prepare for future events with sharing this video:

source video: https://youtu.be/stN03wk_Wzs

Topic: Bitcoin is a Lifeboat - page 4. (Read 789 times)