Bitcoin is more real than money in the Bank - page 8.

xSkylarx

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Quote from: Poker Player on July 21, 2021, 05:25:58 AM

Quote from: Pokapoka124 on July 21, 2021, 04:55:44 AM

Isn't that stealing?

Yes, it is.

Quote from: Pokapoka124 on July 21, 2021, 04:55:44 AM

Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.

I wouldn't say real, I would say more valuable. After all, most fiat money is digital, just like Bitcoin. The difference is that Bitcoin has increasing value due to scarcity and fiat decreasing value due to mass printing.

I wouldn't be surprised if some countries ban it, but I think it will happen to them like China when it refused to switch to the gold standard and continued with silver.

True, perhaps a more appropriate word is bitcoin is more valuable than fiat money, maybe because bitcoin can increase in value because of its scarcity, while fiat money is not. But I hope that one day bitcoin is not in the hands of the government, if that happens we can't do everything ourselves and at will.

Agreed, only those groceries or markets that continue to rise in price. The only one that is increasing is the conversion of fiat currency. We all know it will not increase in value, which is why the government is announcing that they will raise the salaries of their employees because that is the only way the money will increase and be able to cope with the market price, which we all know is extremely high. Unlike bitcoin, which continues to rise year after year, this is fantastic.

nicecrypto

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Quote from: Pokapoka124 on July 21, 2021, 04:55:44 AM

Few years after forcing everyone to take their gold to the bank, the US president, Nixon in 1971 stopped everyone from having the right to convert their gold to fiat. Isn't that stealing? Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.

https://www.federalreservehistory.org/essays/gold-convertibility-ends

Of cause, that is the whole reason behind all these different Country Governments agitating against Bitcoin because they know that they will not be able to control what the people have and with that not in their hands, the people are kind of free or somewhat financially independent. I believe that with the level of Institutions and personalities involving in Bitcoins Investment nowadays, it will be a bit more difficult for the government to fully proscribe Bitcoin as illegal.

Levero

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Bitcoin is a peer-to-peer electronic cash system that uses a decentralized and distributed accounting method to achieve open accounting.
Bitcoin uses decentralized distributed accounting to prevent tampering and uses cryptography to ensure security.
Bitcoin is scarce and anti-counterfeiting. Its total amount is fixed and limited, there is no additional issuance, and there is no forgery.
The bank's money is controlled by the government and the central bank. They can print endless banknotes and plunder your wealth without consent.

germsite

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Quote from: ?? on ??

Quote from: Poker Player on July 21, 2021, 05:25:58 AM

Quote from: Pokapoka124 on July 21, 2021, 04:55:44 AM

Isn't that stealing?

Yes, it is.

Quote from: Pokapoka124 on July 21, 2021, 04:55:44 AM

Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.

I wouldn't say real, I would say more valuable. After all, most fiat money is digital, just like Bitcoin. The difference is that Bitcoin has increasing value due to scarcity and fiat decreasing value due to mass printing.

I wouldn't be surprised if some countries ban it, but I think it will happen to them like China when it refused to switch to the gold standard and continued with silver.

True, perhaps a more appropriate word is bitcoin is more valuable than fiat money, maybe because bitcoin can increase in value because of its scarcity, while fiat money is not. But I hope that one day bitcoin is not in the hands of the government, if that happens we can't do everything ourselves and at will.

I would argue that Bitcoin money is in fact more real. The reason being that inflation can destroy over night what you thought has some value to you the day before. We have seen that with hyperinflation where people needed millions or even billions to buy a loaf of bread. That is one going to happen when Bitcoin completely fails, gets hacked or attacked in such a way that trust will be fully destroyed. Other than that Bitcoin is indeed more real than money in the bank.

Wipangga

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Quote from: Pokapoka124 on July 21, 2021, 04:55:44 AM

Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.

Bitcoin does have advantages over banks, by owning Bitcoin, we can control our money as we please. And this is the advantage of Bitcoin, I agree Bitcoin is more real for us when compared to Banks controlled by the State.
Knowing and owning Bitcoin from this point on is a huge advantage for me.

KevinRosa

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Quote from: Pokapoka124 on July 21, 2021, 04:55:44 AM

Few years after forcing everyone to take their gold to the bank, the US president, Nixon in 1971 stopped everyone from having the right to convert their gold to fiat. Isn't that stealing? Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.

https://www.federalreservehistory.org/essays/gold-convertibility-ends

When Bitcoin can be exchanged with almost all currencies in the world, Bitcoin is no longer virtual.

BTC has long become real money, and countless hackers have also proved this.

I think Bitcoin is true of any paper currency I have seen. The paper currency itself is worthless and is said to be backed by gold. Do you believe it? I actually don't believe it.

tanjiran

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maybe it would be too much to conclude that bitcoin is more real than money in the bank because at this time bitcoin also still has many shortcomings that have not reached the same point as real money, maybe because there are several factors such as bitcoin has not been fully adopted by the people many and also bitcoin is currently still widely banned from various countries in the world. but we are also optimistic that bitcoin will be able to match real money

Although bitcoin has several advantages and privileges compared to fiat and the system in banks, there are still many obstacles that cannot be resolved. ok, bitcoin is very potential for investment, for payments it is quite effective because it is not limited by space and time, but on the other hand, the use of bitcoin is very dependent on the internet, if the network is not available then you will face big difficulties. on the other hand, banks provide clear guarantees for your assets, even though we have to pay dearly with personal data and all our activities that can be monitored centrally, but at least if we are not ready to have a "own bank" with crypto then banks provide a better choice .
well, this is my opinion, there are definitely opposing opinions on this, it doesn't matter, as long as we can choose which one is best for us.

Rafae

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To say definitely that this or that option is better, I’m probably not a person yet, but you can always make money on the fact that you can leave, which is why bargain in the forex field, I choose Amarkets broker, which provides maximum opportunities for good earnings.

Mr.sprin

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bitcoin is a digital currency whose price is basically unstable and money in the bank is clearly stable both have their respective advantages if you are in an investment position then bitcoin is the right choice but if you are a trader in the real world then restaurant entrepreneurs are the choice to save money You're better off at the bank.

haasanjui

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Bitcoin is present by new modern technology and it is digital currency. In previous time people store there gold and money in bank and bank use it for its own benifit by schemes and loan. Bitcoin is totally different it is digital currency It is banned in some county for not illegal but for that people have power of own money. Bitcoin is digital bank and it is precious as gold in crypto world.

Liamttw

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The bank is centralized, everything in the digital world is reproducible, and the bank's central server manages your money. Bitcoin is decentralized and it cannot be copied. If you only have one bitcoin and you transfer it to someone else, you don't have this bitcoin. If you try to pay someone another bitcoin, the surrounding nodes will check and refuse to spread your illegal payment.
Bitcoin is a currency system operated by the Internet. It is controlled by all Bitcoin users. No one or organization can change the operation of Bitcoin. In the Bitcoin system, you can truly control your money, instead of indirectly controlling your money through the bank, which guarantees the freedom of private property.

Xampeuu

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maybe we don't want to speculate more about this because with no adoption from around the world we don't want to conclude too much to say bitcoin is better than paper money for now, but if many countries have started adopting bitcoin it's not impossible that the currency digital will be better than paper money

right, it's too early to think that bitcoin will replace real currency. although in the future it can happen, but many say it is possible in the long term and only as an alternative currency to fiat. therefore I prefer to invest here to get a profit later when the legalization and adoption of bitcoin is widespread, so I hope to get a big profit

19Nov16

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Quote from: sheryllmcnulty on July 26, 2021, 07:32:37 AM

Bitcoin is real till it has this wide range of support from the big tech giants and government. Once their agenda changes, the value will go down swiftly

Global corporate support for bitcoin is real, even many central banks are legalizing bitcoin, seeing this trend it is natural that we expect more from bitcoin, of course we will see that bitcoin can unify the global economy.

AniviaBtc

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Bitcoin is more practical than banks, because in most of the banks, your money are just sleeping and not growing that much compared to the crypto market.

If you hold bitcoin, its price varies more compared to the banks. As the market is volatile, your price can dance and you can predict it by doing some analysis.

These cryptocurrencies are much better to invest and hold than fiat in the banks that's the reason why they chose crypto over fiat.

gundala

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I don't want to overdo bitcoin about being more real than money in the bank because this is very in nature which will make us seem not to trust banks, maybe in terms of security we should admit that bitcoin is superior to security in banks which is very difficult to control. hacked by people who want to do harm to us because everyone knows that bitcoin has better security than storing in a bank

on the contrary, this security is highly dependent on the ability of each individual to store their bitcoin assets. in short, owning bitcoin is like managing your own bank, security and all things related to it are the responsibility of each, so if you don't have knowledge, strategy, and manage crypto asset security then it becomes very risky. on the other hand, conventional banks that are recognized by the government will certainly be fully responsible for the assets we deposit, only that we pay for them with our data and other administrative matters.
So which one is better? I think it would be wise if we just use both, because we can't be separated from the bank completely, the adoption of bitcoin is not too widespread so transactions using bitcoin are not always easier than using bank transfers.

Quantum907

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Quote from: bosede1 on July 30, 2021, 09:44:05 AM

I will not go with your point in this view, I have my money and I go save it in my bank account. I was credited I know the amount that is present in my account and cannot be tampered with unless they deduct their bank charges. Both are real in contextual meaning but can you see bitcoin visibly. I have been on this platform for the past three years despite all the odds against bitcoin I know that it is real and worth taking a risk for.

I think the money in the bank and bitcoin in the wallet are real, all transactions in the bank are always written, we can check anytime, even though there are cases of data manipulation but as long as the owner knows with their money then saving money in the bank is a good thing, because wherever we are of course requires a bank more than a wallet.

cabron

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After what WellFafgo did recently which they took off line of credits, more banks are also doing the same. What is happening in the finance is lost of balance and they are shaken by the existence of cryptocurrencies especially Bitcoin.

This is their last bailout as they say.

Wong Gendheng

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For me, yes, especially when I make large purchases using btc

The presence of bitcoin makes it easy for anyone to transact, a high security system makes us never worry about bitcoin, of course this will make the influence of fiat continue to decrease and I hope many e-commerce companies accept bitcoin.

bosede1

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I will not go with your point in this view, I have my money and I go save it in my bank account. I was credited I know the amount that is present in my account and cannot be tampered with unless they deduct their bank charges. Both are real in contextual meaning but can you see bitcoin visibly. I have been on this platform for the past three years despite all the odds against bitcoin I know that it is real and worth taking a risk for.

iv4n

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It's more real because we know how it works! How it's being created and distributed, we know it can't be counterfeited! Everything is transparent! Simple and easy to understand! I will just repeat the question that we all heard many times: Who do you trust more, people or algorithm? I know I don't believe people, especially people who are in charge, with a lot of power in their hands!
In the end, money in the bank is not your money, it's theirs, and they can do things you don't like... while Bitcoins in your wallet are yours, you can do what you want with them!

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