No Alternative to Bitcoin, Your Alternative is Bitcoin. - page 2.

noorman0

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Quote from: pooya87 on October 27, 2022, 01:33:58 AM

The reasons you shared aren't valid really. Governments and banks calling bitcoin "an asset" or "regulated financial services" (whatever that means!) is not something you can be happy about, adopting bitcoin as a currency is which is not something any of them are doing (except El Salvador, etc.).

An inescapable fact, people will only believe it if the regulatory agencies start talking. I think government institutions have indoctrinated too much of the advantages of a centralized financial system to generation Z, although basically bitcoin offers more than that as built-in advantages if they look deeper into its fundamental principles.

Vaskiy

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Quote from: Adbitco on November 26, 2022, 08:19:47 AM

Actually bitcoin is being driven by news and at this point those who keep spreading false news might likely give a presentation to represent the max adoption which in returns creates tension and makes it arguably by people around to easily adopt it as a means of investment due to the it's rise and falls news that is being misrepresented via influencers or content & blogs creators including news lines (TV news channels). If all this could be put outside I believe the world at large would maximally adopt it as a means of investment also as an exchange of good and services.

In the past we don't have much of sources to receive information associated with cryptocurrency. Now things have changed. During those days spreading fud is an easy task, now people are well aware. Maybe the newbies gets trapped, if they've entered the market of being rich overnight through bitcoin investment.

The increasing real-time usage shows the real progressive move of bitcoin. And for any reason it strong, if the users doesn't get panic for negative news about it.

Wakate

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Quote from: BlackZeus93 on November 25, 2022, 06:11:18 PM

I remember when I posted about an ALT coin ("crypto") in 2019. Man, glad I went 100% into Bitcoin. 2024 halving is going to be epic. Bitcoin inflation rate will be much lower than Gold.

You know we still have like two years coming which is going to be massive. I think now is the best time to take a look at investing in Bitcoin if we have left over fund that is not in use for now. Investment is sweet when there is enough patience because the rewards will be big and more profitable.
Since the market is not too clear now, bigger opportunities is knocking at our doors to take the bold step and go in because the time or harvesting comes, many will ask many questions why they never took the opportunity seriously. Knowing about Bitcoin is a big pleasure to me...I am one step ahead!

Ojima-ojo

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Quote from: NotATether on October 26, 2022, 06:49:37 AM

People are hesitating because that's what they hear from other people. Those who have never seen a logarithmic rainbow chart in their life and still say "Bitcoin will go to zero because of XYZ" surprisingly have a lot of people who believe them, probably because those people can't be bothered to do any research today to avoid "If only I invested in 2022" feelings later.

Stereo-typed knowledge about bitcoin have been the major setback to bitcoin adoption among a large percentage of people, who should have ordinarily taken the time to search out for knowledge about Bitcoin and it many advantages.
We have a high wave of misinformation among newbies and most of them are in for the short-term gain without knowing how things work around here. I am all in for Bitcoin this time and not giving any interest to altcoin because of centralization, I am more comfortable with proof of work than the centralized proof of stake.

RealMalatesta

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Quote from: nullama on November 09, 2022, 12:14:21 AM

you can always teach them how to do it, or someone local to them can teach them or they can use another family member or friend's wallet, etc. It's simpler to create a bitcoin wallet that a bank account and there are way less requirements(only an internet connected device for sending and skills to use it).

Newer banks that are online only and provide higher savings rates sometimes don't offer international transfers services for example. A typical brick and mortar bank usually does offer those services for a fee, only on week days though...

I do use an online bank and it's quite easy, I am not going to bash them just because I love bitcoin, they are doing a better job than the traditional banks that I used before them which shows that anything digital could be better. They have a lot less fee's, most things are free, so it is really a good feeling to not being robbed by the banks.

However, even with that in mind I agree that bitcoin is easier to use if you know how to, it is just that there is no turning back if you send money to a wrong address, that is the key difficulty here and that is why I am not sure if it would be ease of mind, easy for tech, but not easy to minds of many people who may worry about sending to wrong place.

Adbitco

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Actually bitcoin is being driven by news and at this point those who keep spreading false news might likely give a presentation to represent the max adoption which in returns creates tension and makes it arguably by people around to easily adopt it as a means of investment due to the it's rise and falls news that is being misrepresented via influencers or content & blogs creators including news lines (TV news channels). If all this could be put outside I believe the world at large would maximally adopt it as a means of investment also as an exchange of good and services.

GreatArkansas

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Quote from: Aanuoluwatofunmi on October 26, 2022, 06:32:09 AM

Why still hesitating about bitcoin when others were jubilating for it adoption in making difference, i have three facts to make you change your decision and start investing with this period while it is still on the bear mode just for you to set in for an opportunity.

I believe that these people, especially for those people who are still looking other alternative for Bitcoin are those people who felt they already late on Bitcoin, which on their mind is only investment or greediness, for sure they only here for money, like they are telling "I'm too late already to buy Bitcoin".
Most of these people don't know how Bitcoin works or what Bitcoin can do.

bhooscream

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Quote from: Aanuoluwatofunmi on October 26, 2022, 06:32:09 AM

Why still hesitating about bitcoin when others were jubilating for it adoption in making difference, i have three facts to make you change your decision and start investing with this period while it is still on the bear mode just for you to set in for an opportunity.

Bitcoin is Bitcoin. Even altcoins that always ay that their technology and concept are much better than Bitcoin, are still altcoins, not Bitcoin, and will never beat Bitcoin. Simply.

We can find so many people hesitate and hate Bitcoin with its weakness. But they never consider about the strengths and advantages of Bitcoin itself. Judging one thing only from one side is not wise. That is why we must be smarter to think what Bitcoin can do for us. and in fact, Bitcoin does many things for us as long as we open it and we trust in Bitcoin itself.

Yatsan

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One limitation is volatility in which most of non-crypto users are not yet still ready of. Think of this;, if the price of goods in the market is fiat based $20 it will be bought as .0012 in BTC. Whenever the market price is on uptrend .0012 BTC would also be bigger. In short there will be unequal or unorganized market price IF governments would adapt to this technology while everything is still fiat based. This would only work if Prices of the things we are buying on a daily basis is on Btc already. To those countries who adapted cryptocurrencies, they are just using third party applications but not totally crypto-based. These are also limitations at the present.

BlackZeus93

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I remember when I posted about an ALT coin ("crypto") in 2019. Man, glad I went 100% into Bitcoin. 2024 halving is going to be epic. Bitcoin inflation rate will be much lower than Gold.

Memorabilia

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Bitcoin is unrivalled in the market. Despite the fact that bitcoin is experiencing a downturn, it has secured a place in the market and has the potential to rule in the future.

nullama

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Quote from: Minor Miner on November 08, 2022, 11:22:37 PM

~snip~
It is true that bitcoin has an advantage over fiat in this case but just like fiat to transfer money, both require a bank account and so does bitcoin.
If your loved one doesn't have a bitcoin wallet and doesn't know how to use bitcoin, how will you transfer money to them?

Nowadays, I've never seen a bank that doesn't offer cross-border money transfers, most banking systems are interconnected, which not only creates convenience for users, but also benefits them. As well as you mentioned when you use those services you have to pay extra for them which is something that has been perfectly fixed by bitcoin. With bitcoin, we will save time and only cost a single fee.

Well you can always teach them how to do it, or someone local to them can teach them or they can use another family member or friend's wallet, etc. It's simpler to create a bitcoin wallet that a bank account and there are way less requirements(only an internet connected device for sending and skills to use it).

Newer banks that are online only and provide higher savings rates sometimes don't offer international transfers services for example. A typical brick and mortar bank usually does offer those services for a fee, only on week days though...

wxa7115

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Quote from: Mpamaegbu on November 08, 2022, 12:22:06 PM

Quote from: hd49728 on November 03, 2022, 09:24:49 AM

Bitcoin is for everyone but if people don't want to use it, let them be. Especially the elderly who are less ready to accept Bitcoin. The younger have more interest in Bitcoin and new technologies, they are current and future Bitcoin adopters.

Nothing is ever for everyone, no matter what, and Bitcoin isn't an exception no matter how we want to push it into mass acceptance. If just 10% of the world population embraces Bitcoin it's still a huge plus. Like you indicated in your second sentence, we don't have to coerce anyone into it. That's why my earlier post negates the idea of Bitcoin being the only option. There are several alternatives in every industry and in life too.

We only have control over our own finances, if some people think that bitcoin is a scam or simply do not like bitcoin for some reason they are free to think whatever they want and refuse to use bitcoin.

They are the ones which will suffer the consequences of not adopting bitcoin when its price is still reasonable, and while some of those people do like bitcoin but they are afraid of the volatility they can always adopt bitcoin in the future once most of its growth potential is realized already and its volatility is lower than what we see now.

Minor Miner

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Quote from: nullama on November 08, 2022, 10:51:19 PM

Yeah, if you have friends or family in another country, sending and receiving Bitcoin is really easy compared to the alternative, which would mean both people having to have a bank account, plus waiting for days, and paying excessive fees.

It is true that bitcoin has an advantage over fiat in this case but just like fiat to transfer money, both require a bank account and so does bitcoin.
If your loved one doesn't have a bitcoin wallet and doesn't know how to use bitcoin, how will you transfer money to them?

Quote from: nullama on November 08, 2022, 10:51:19 PM

Also there are some banks that don't even offer the service!

You realize that all those layers of complexity just add money to the pockets of the people in the banking industry.

Nowadays, I've never seen a bank that doesn't offer cross-border money transfers, most banking systems are interconnected, which not only creates convenience for users, but also benefits them. As well as you mentioned when you use those services you have to pay extra for them which is something that has been perfectly fixed by bitcoin. With bitcoin, we will save time and only cost a single fee.

nullama

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Quote from: Hamza2424 on November 08, 2022, 01:43:09 PM

Yes, this point is appreciated on the social level, as what you think about it what can be the alternative to bitcoin so in this point my and maximum crypto student's answer is going to be nothing. and bitcoin is my alternative yes it is as I can send money to my dear ones across the country I don't need banks I don't need background statements, I don't need to share my fund's details, don't need to follow any limits also I don't need to be the part of central bodies and most importantly my fees are going to highly reduced I am free to send my assets anywhere any time and they are in my custody.

Yeah, if you have friends or family in another country, sending and receiving Bitcoin is really easy compared to the alternative, which would mean both people having to have a bank account, plus waiting for days, and paying excessive fees. Also there are some banks that don't even offer the service!

You realize that all those layers of complexity just add money to the pockets of the people in the banking industry.

Fivestar4everMVP

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Quote from: NotATether on October 26, 2022, 06:49:37 AM

People are hesitating because that's what they hear from other people. Those who have never seen a logarithmic rainbow chart in their life and still say "Bitcoin will go to zero because of XYZ" surprisingly have a lot of people who believe them, probably because those people can't be bothered to do any research today to avoid "If only I invested in 2022" feelings later.

Yeah, it is easier for people to believe in a negative part of a thing than it is to believe in its positive part.
This is evident in how good and bad news spread, a good news will take alot of time to circulate, and sometimes, it doesn't even get to everyone, but bad news on the other hand, takes but a very little time to reach every in the city, and sometimes, it even travel far beyond that city...

So what am I saying? Most time for a newbie, because he's gonna be parting with his money, it takes alot of effort to convince them to invest in bitcoin, but on the other hand, it take close to no effort at all from a Bitcoin hater for them(the newbie) to believe that Bitcoin isn't ideal, simply because believing this helps them keep their money in their pocket, and remember the saying that "a bird at hand, is worth the other millions of birds that are in the bush".
This is the kind of syndrome most newbies are suffering from, it takes a great deal of effort to convince most of them that bitcoin is the best place to invest in right now.

Hamza2424

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Yes, this point is appreciated on the social level, as what you think about it what can be the alternative to bitcoin so in this point my and maximum crypto student's answer is going to be nothing. and bitcoin is my alternative yes it is as I can send money to my dear ones across the country I don't need banks I don't need background statements, I don't need to share my fund's details, don't need to follow any limits also I don't need to be the part of central bodies and most importantly my fees are going to highly reduced I am free to send my assets anywhere any time and they are in my custody.

Mpamaegbu

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Quote from: hd49728 on November 03, 2022, 09:24:49 AM

Bitcoin is for everyone but if people don't want to use it, let them be. Especially the elderly who are less ready to accept Bitcoin. The younger have more interest in Bitcoin and new technologies, they are current and future Bitcoin adopters.

Nothing is ever for everyone, no matter what, and Bitcoin isn't an exception no matter how we want to push it into mass acceptance. If just 10% of the world population embraces Bitcoin it's still a huge plus. Like you indicated in your second sentence, we don't have to coerce anyone into it. That's why my earlier post negates the idea of Bitcoin being the only option. There are several alternatives in every industry and in life too.

Artem Sereda

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Quote from: worle1bm on October 28, 2022, 02:58:02 AM

Quote from: NotATether on October 26, 2022, 06:49:37 AM

People are hesitating because that's what they hear from other people. Those who have never seen a logarithmic rainbow chart in their life and still say "Bitcoin will go to zero because of XYZ" surprisingly have a lot of people who believe them, probably because those people can't be bothered to do any research today to avoid "If only I invested in 2022" feelings later.

If your investment decision are influenced by anyone else then you should not make any investment at all because you don't want to make your way and just put your savings based on someone else influence and this is how whales and influential people take advantage of these people to manipulate them and make them beleive btc is going to zero and all that nonsense things.But they need to realise that it has lot of potential to grow and give returns to them even if they don't understand the charts holding will pay them off in the long run.

I don't think he meant investing. He just described the current trend and how the bear market affects how he earns in crypto. As for me, bitcoin should not be considered an investment at all. It is an excellent technological solution in the field of digital payment, with a specific rate, which, due to its volatility, allows you to buy more at one time for one unit of currency, and your task is to understand when the most favorable moment for profit is.

hd49728

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Quote from: ?? on ??

You will only get to consider bitcoin and start valuing it once you know it deeply and experience it as the best form of investment and as a reliable currency.

Bitcoin is for everyone but if people don't want to use it, let them be. Especially the elderly who are less ready to accept Bitcoin. The younger have more interest in Bitcoin and new technologies, they are current and future Bitcoin adopters.

Quote

Others might stuck believing that bitcoin is a scam because the government and media told them so. But if you go beyond their limits and have your own thorough research, you will realize that bitcoin is legit and will always grant us the freedom we need through its decentralized nature.

Governments try to shill misleading messages with hope to prevent as many people to access legit information about Bitcoin as possible.

They don't want and will never direct their citizens to good resources for learning about Bitcoin. They know if they do it, more citizens will change from fiat currencies to Bitcoin. Even their CBDCs can not save them and can not outperform Bitcoin in general, from technology to decentralization.

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