Very good points. I'd like to add:
5) Banks can't steal it from you. You may think they can't steal cash either; that's not true. With central banks printing money by the hundreds of billions, and commercial banks creating money as debt like there's no tomorrow, they're effectively lowering the relative worth of your money in their advantage. Remember: stealing 5% off your deposit, or increasing the total money supply by 5% by creating it out of thin air, has essentially the same effect.
5) Banks can't steal it from you. You may think they can't steal cash either; that's not true. With central banks printing money by the hundreds of billions, and commercial banks creating money as debt like there's no tomorrow, they're effectively lowering the relative worth of your money in their advantage. Remember: stealing 5% off your deposit, or increasing the total money supply by 5% by creating it out of thin air, has essentially the same effect.
Very well said sir,This days im already started to doubt banks.also if you would deposit bigger amount of money to the bank some of them ask questions like where did you get that amount of money.And i also believe that when you have it its only yours unlike you deposit it on the bank it seems that the bank also has the authority with that money.
Exactly, they control the money that you have especially if they knew that you cannot have big money and they doubted you where did you get that amount.
So better have it on bitcoin and when it is on bitcoin you have the chance to double your money by the quick increase of price each day.
