Bitcoin Forum

The diagram below gives a short and precise distinctive difference between BTC, Gold and Fiat.

https://i.imgur.com/VSgC6AP.png

with the above explanation it is clear why btc is better and the best choice over the rest. If you are still in doubt it is too bad because you are clearly missing out.

I like fiat for spending, it depreciates in value because of inflation, it makes way for bitcoin, gold and other assets like that to have more value, they have more value because they are paired with fiat to estimate their value and fiat is often depreciated. I like fiat because of that, I can spend it, but I can not hold it.

Bitcoin has limited supply, just 21 million coins. What is not scarce but available to everyone with ease would have little value, but the 21 million supply and the demand, makes bitcoin valuable. Bitcoin become a means of investing, people buy it and hold it because of its value that appreciates over certain time. Also helping peopole in long term as an hedge against inflation.

I will say bitcoin is more than portable, because it is digital, not something physical.

I don't think it's fair to post such an image without giving credit to its creator.
The image posted above has been already posted by DocumentingBTC twitter account.

Click here (https://twitter.com/DocumentingBTC/status/1566039244128370688/) to see the tweet.

Bitcoin, unlike gold, has a max supply that we all know is 21 million BTC, while there are only estimates for the total amount of gold that has been mined so far and that is still underground. Not to mention all that gold found on various asteroids or other planets in our solar system. Bitcoin has a far greater advantage here and has a far fairer and cleaner way of mining, regardless of all the theories that it is energy demanding and has a negative impact on the environment.

When it comes to resistance to censorship, Bitcoin has its advantages, but only if we remove centralized crypto exchanges and potentially bad Bitcoin miners from that equation, because both can censor our transactions or freeze funds at a certain BTC address.

As for authenticity and forgery, not everything is as clear as it seems - because we have some BTC forks that are still presented as real BTC, while on the other hand, anyone who does not have enough knowledge about Bitcoin can buy any coin called Bitcoinxxx, or can be scammed to buy testnet coins.

Is Bitcoin the best choice? Maybe, but only for those who understand it at least in some basics.

I need all three to be much more balanced. But for a larger percentage of ownership, Bitcoin is the choice. 50% for Bitcoin and for the rest I would love fiat and gold. Do not all three have the same strong drive in how the market works. Investing in Bitcoin for gold lovers is of course often not considered a hedge because of what they think is the type that can be seen. But for us having large amounts of money in Bitcoin gives us freedom of sole rights and cannot be owned by any party. Having a large amount of gold will continue to be monitored, as well as fiat which only makes you focus more on ownership taxes. While Bitcoin is loose

You're need to add few criteria to compare too,

Stable price:
Bitcoin X
Gold X
Fiat Y

This mean Bitcoin is very hard to use for daily basis since the price can constantly change every second in 24 hours


Widely accepted and government regulation:
Bitcoin X
Gold Y
Fiat Y

This mean it's hard to achieve global adoption, it's need to be accepted globally in order to make Bitcoin price quite stable and didn't shock many people.


Easy and friendly to use:
Bitcoin X
Gold X
Fiat Y

It wouldn't need a hard way to understand fiat and how it's created etc, you can know it from an employee on central bank. While Bitcoin there's almost no people will teach you in real life, even you can learn yourself on internet, you can't understand for single day or a week.

Absolutely, it slips my mind, I don't usually post anything here without adding the source link. Thanks for pointing that out.

Perhaps because bitcoin can be a:

1. An opportunity - because it can provide
    profit to anyone who will have an interest in it.

2. Can be Savings in the future - purchase of
    bitcoin to anyone and he will hold it for a few years no
    it will be sold in trading and if the price suddenly increases
    this amount, you will suddenly have savings in the future.

3. Can be used in business - Many people use
     bitcoin in different countries in different aspects of
     business through payment transactions online.

To add more in light of the choice of Bitcoin for those speaking for Bitcoin, the fees for Bitcoin is now very low and that doesn't really take anything away from you when sending coins. You can be charged as low as $0.0.. depending on the speed you want. This is really friendly to bitcoiners. However fiat is still standing in the minds of many especially non risk takers that prefer to hodl in fiat because they can easily monitor it because of stability.

I get that the mass of people here will speak in favor of bitcoins, and it is good, not that I am trying to say the other options you compared with bitcoins are not relevant, but from your topic OP- "WHY BITCOIN WILL ALWAYS REMAIN THE BEST CHOICE", do you really think bitcoins will "always" remain the best choice? taking cognizance of the fact that there could be another ground breaking innovation. For the now bitcoin is the best choice, but we can't say it will always remain the best choice. At a time people also believed gold to remain the best choice, until the reality of bitcoins came, change and development is constant.

Bitcoin is your best choice on the criteria that you have outlined, but what about other things? I'm a supporter of bitcoin, and I use it for keeping my assets safe against inflation among other things, but there are some things that other asset classes can do that bitcoin can't. Fiat remains to be the king when it comes to purchasing something, and gold remains to be one of the most important metals as it has other uses aside from being used as a jewelry and for other shiny things. We can be bias on our criteria, but facts remain facts at the end of the day.

Just like you, fiat should not be kept long term as it always loses its value. Fiat is only to be owned as a means of everyday payment whereas bitcoin and gold should be considered as long term investment assets. I don't plan on having fiat as a bank deposit, it won't do much in the long term.

Limited supply should be the reason why its price increases in the long term, so we should not hesitate to include it in our portfolio as an investment asset. But I think no one should ignore the risk, they should understand the investment risk.

When it comes to portability, I believe that Bitcoin is more portable than the rest two, "Fiat & Gold", because I still disagree with the fact that fiat is portable, because looking at this picture below which I just edited, I was able to diagrammatical illustrate the level of portability of each of these assets (Bitcoin, Fiat & Gold), because an individual with over $1million worth of Bitcoin could be sitting next to you and you will never noticed, unlike Fiat and Gold that is easily noticeable.

https://i.ibb.co/THxz13s/Polish-20220904-181936997.jpg (https://ibb.co/mHVQ0W3)

Bitcoins is definately something that is preferred over other cryptocurrencies but at the same time there is always the problem of it being the source of much pollution since bitcoin is essentially mined and most of the environmental activists will try and blame it directly on bitcoins. Therefore overtime people might try and switch to much greener options, might happen, might not happen, might be forced to happen, who knows ? But I do think it does have unlimited potential and thus should be ofcourse respected perse, we have to also remember that it generally works synergistically with other Altcoins as well.

With the figure as an example, it is clear that bitcoin is the best asset to hold onto. Despite its short history and volatile character, it may be studied and understood in contrast to other systems that are controlled by those in positions of authority. It won't be an issue to hodl it, and it will be the greatest option for one. Every other choice in the table has provided a clearer explanation of why holding bitcoin will be the greatest option for storing money. Even if gold and fiat both have their own advantages over bitcoin, they also each have their own disadvantages.

You are right. Even, Bitcoin circulating supply is always decreasing over time. Since it is very possible that some people forget the key private to access their Bitcoin on the wallet, the circulating supply of Bitcoin won't be stable. Unlike Gold, the number of Bitcoin in the market is going to decrease, while Gold is increasing although it is not too massive because it is a rare thing. In this matter, Bitcoin has a better advantage that the price will tend to increase gradually day after day since its circulating supply is decreasing.

Dont know on whats up into those peoples mind on why they do really believe  that bitcoins price would become stable considering that this had been volatile since the beginning of time.
Bitcoin wont really be continuing on sitting up on the top ranks if it wasnt really be the best choice.For those who do keep on saying negative things then they are the ones who dont know on whats
Bitcoin is all about or just really just hating it out.It would be always the best choice but dont forget about risk management since nothing is assured if we do talk about
future things or somethings gonna happen ahead.

That is %100 true, we are not going to end up with anything that is shocking right now, it would be quite the tough challenge if we were just stable, then how could we make all this kind of money? This is why its clear that bitcoin is something that will take a bit of time before it could calm down and it will always be volatile. There isn't any problems with the situation we are in right now, its quite alright and we shouldn't be shocked with the fact that nobody really cares about stabtility and they all want volatile because traders are main interest group and they love it when it goes up and down.

While the gold and fiat defenders, they'll reason out that bitcoin is intangible.  :P

Scarcity for bitcoin is a great thing and that's why the majority of us understands that in the near future, this asset is going to be of a great value that the others haven't seen yet.

It's easy to carry and to store and you can just simply walk on the side walk being an investor and holder of it without being showy.

let us be open to the fact that there are pros and cons also holding btc, and so with gold and fiat. but much better if we can have all of them. at least diversify your funds. and no matter what, gold and fiat will still remain in this market. they are tangible assets that we can physically hold. and remember, not all people in this world are familiar with bitcoin or crypto, so many are still preferring the traditional means of payment method. and it may not change for them anytime soon.

because people predict the price of bitcoin in the future will be high, so many of them choose bitcoin for long-term investment, and because bitcoin is in limited supply then people will definitely choose bitcoin for long-term investment, but I think gold is also no less important because the price of gold from year to year the price is increasing because gold has many uses other than for jewelry it is also always used for electronics and so on. so I thought bitcoin, gold and money. I think they are inseparable friends, and we should have them all.

To be honest, bitcoin is good and the best choice when we talk about the investment aspect but it cannot be the best in all cases. Like you said, fiat will still be king in everyday spending and buying something, I still find the convenience of fiat in my life, it doesn't become useless even if bitcoin is here. Same for gold, bitcoin is a better investment than gold but given its volatility, it cannot be said that it is a more stable store of assets than gold. Bitcoin cannot replace gold as jewelry for people. Human needs are extremely abundant, bitcoin is not something that is too versatile to be able to provide us with every utility.

While it is true there are some cons to holding bitcoin, the pros are so numerous that most of the time we can disregard the cons as not important at all, now it is true that is important to diversify your funds and it is a good idea to invest in gold if you can, but when it comes to fiat you should only hold as much as you really need because the more fiat that you hold the more you lose thanks to the inflation that at the moment is very high all around the world.

Btc will be always on top because of high security and total decentralization. Many coins now in market but not Decentralized like BTC .
Btc volume is also so high and Diagram clearly show why people believe BTC.

I think its not fair to compare the three, they have their own pros and cons. Yes, it is true that bitcoin may have all the advantages a human need but keep in mind that there are a lot of people who doesn't use any electronics or gadgets. So I guess the diagram is still missing out something.

I don’t know if it’s right to call bitcoin the best investment compared to gold, many are ready to argue with you about this. But bitcoin has a lot of positive aspects. After all, before bitcoin became universally recognized, gold did not have any truly worthwhile competitors. And if you take the cryptocurrency market, then bitcoin is without a doubt the best investment option that you can do.

Yes, there are pros and cons.

But as someone who had experienced the roller coaster ride of bitcoin, all I can say is that I don't look at the cons of it. Mostly, I'm only looking at the pros of it because it has benefited me.

That's real story that has happened in my life when I've chosen to take the path with bitcoin and holding and investing on it. It is important to understand and learn what you're up to so that there will be no regrets when the market didn't go from what you're expecting.

That's a well explained infographic to understand importance of bitcoin over Fiat and gold. it is clear that bitcoin has way more advantage than gold and fiat. not just these mentioned in the image but there are so many more benefits and advantages of bitcoin.
one I can think of is that we can literally keep millions dollars worth of bitcoin in a single wallet and keep that in our pocket and purse. but we can't do that with fiat and gold. obviously not possible.

Many people will still prefer a tangible asset as a store of value because of bitcoin's disadvantage of being irrecoverable once lost. Since it's decentralized, if the owner forgets the recovery phrases of those assets then it is forever gone and just sitting on the blockchain. Imagine 5% of bitcoin's supply being lost and irrecoverable then this could result a lot of volatility if that percentage increases over the years. I hope in the future something will be developed to solve that issue.

I have some observations;

The picture in Op said that fiat is not durable. I don't know the concept of durability in Op, but one of the major characteristics of money is durability and fiat is quite durable. Whether in paper form or in coin form and recently in CBDC form, all are durable.

Also in established history. Fiat has history lane which is attached to the country's culture and history. Many part of country's history can be told by looking at their fiat currency. I can also say that fist has established history also.

Apart from my two observations, I will say that the compilation is cool and explicit

You can assume that bitcoin is not the best when compared to gold, but please consider these 4 points (https://en.bitcoin.it/wiki/Myths#Bitcoins_don.27t_solve_any_problems_that_fiat_currency_and.2For_gold_doesn.27t_solve):
Unlike gold, bitcoins are:

• Easy to transfer
• Easy to secure
• Easy to verify
• Easy to granulate

Limited supply is one of the advantages of bitcoin over gold, but I agree that these two assets are not competing to be the best but they are assets that can be considered as an investment instrument and a store of value. People use bitcoin as a means of payment, investment, or trading asset, but don't expect everyone to agree with bitcoin while they agree with gold.

I agree with your chart, bitcoin offers a lot of advantages over gold and fiat money. Without a trust worthy government standing behind the fiat currencies they become worthless, and even than can it happen that a crisis will ruin the currency of a country. Politicians have too much power on the monetary policy of a country. For example, years of saving money can disappear in a few month if the government decides to print more money. The best solution for us is to diversify and invest in other assets outside of the governments reach, like crypto currencies. And Gold doesn't fit into today's world anymore, everything is about digital movement and removing of borders. Having tangible assets like gold that are hard to store don't fit into that anymore.

People who do have a broader view will obviously be in bitcoin in terms of investment and gold is the second thing that can be an option.
But as long as we live by clear rules we won't be able to forget Fiat in this regard.
I personally am in bitcoin when making long term investments, but when in everyday life fiat is a solution so there is no need to attack each other to bring each other down actually because it really comes back to their respective choices but when people with greed clearly don't want to see something higher than what they think is right.

Talking about fluctuating I think almost everyone knows that the crypto market is like that,
other than that regarding Bitcoin and gold investments, of course, there are many differences,
What is certain is that all investments will always have risks

But, that was only a prediction and there is no assurance yet that it can happen. Don't forget that there are so many factors which can affect the growth of btc. Maybe it's not only about the potential price the btc can achieve on why it is titled to be the best choice but it may be because it is decentralized and partially anonymous. We won't worry that our fund will be frozen because we have a total control of it.

Gold on the other hand has its own use unique use case so it is fine if we will also have it other than btc. Once we already have both of them, there is no real need to have a fiat money anymore tho fiat money can still be the best choice for a normal individual.

I agree with your statement.

It is not always about being the best but it is almost always about the payment method that is most efficient. Is BTC the best choice in terms of day-to-day payment? Is BTC the best choice in using as the main medium of currency around the globe? I doubt about that, but there are some aspects that you can consider BTC to be the best.

At the end of the day, it is always about recognizing which medium to use in the best and most efficient way possible. BTC is not always the best and that is fine. There are some aspects where fiat will overwhelm and shine, but that does not mean that fiat is indeed the best in investing.

It seems to me that your diagram doesn't take into account all the parameters and categories. For example, it would be necessary to add for comparison Electronic Money (like Paypal, Bank's Digital Currency and so on) and the Ability to Pay Everywhere. Also, I believe that bitcoin, gold and fiat are different financial instruments that are not entirely correct to compare. Gold has not been used as a currency for a very long time and it is almost impossible to pay with it anywhere. Although bitcoin was originally conceived as a digital currency, it has now moved away from this concept towards an investment instrument. It turns out that you need to compare either bitcoin and fiat as currencies, or bitcoin and gold as investment instruments. Comparing everything at once would be an erroneous decision, because these are different categories with different applications.

I think that is one concept that should be reviewed, have you seen the size of $ 1 million dollars, or in any other fiat currency, do you think it will fit in your physical wallet without drawing attention? in the case of BTC, you can have more than $ 1 million worth of btc in your digital wallet on your device without a single soul noticing anything. Gold is another story entirely.  And that is what the durability in the @op infographic means.

I think it depends on one's point of view. Personally, from an investment perspective, I think bitcoin is worth investing in rather than gold. Many people are afraid to invest in bitcoin because of its volatility but for me the more volatile the better the chance of making big profits from it. As for gold, it is really a safe asset because it has been recognized for thousands of years, but because it is less volatile, the volatility is quite small to be profitable. When it comes to safe havens, bitcoin cannot be safer than gold, although it can still be a haven.

And why I chose bitcoin in the end and I will explain it here.

The first thing that makes bitcoin special apart from being limited is its privacy, because people on the bitcoin network can trade or transact without knowing who they really are in real life.
and want to manage our finances without bank intervention or paying unnecessary fees.
and bitcoin is open to all, so anyone with internet access can engage with the bitcoin network and all i need to do is connect with a third party service that does bitcoin exchange.
and another important aspect of bitcoin is decentralization, whenever person A wants to send bitcoins to person B, there is no need for a central authority like a bank, therefore no other party can control the supply of bitcoins through the bitcoin network. Faster, cheaper, safer, and immutable.
and in terms of investment it is clear that bitcoin is much better and more profitable than gold, especially for the long term.

It would also be beneficial if we could see the difference between digital currencies, it's almost like fiat but it makes life easier. Security though might not be that good but it's expected from a centralized currency.
I don't have gold, but I do use fiat currencies and up until now I like it more than using cards offered by the bank. I like it when I could say it's mine and not a property by the bank that I am just borrowing.
The same goes with Bitcoin, when you purchase it, it's yours. That's what pushed me to invest in it even with all the FUD that is being thrown at it.

I don't see any unfairness here because they all serves as a medium of exchange, and yes they each have their pros and cons but btc advantage outweighs any cons from a transparent and secured perspective.
The world is rapidly advancing technologically and those who are still illiterate to electronics will start to gradually learning and understanding how it works, even the fiat system are more of electronic operations this days, online banking is mostly what is happening now. 

My view is simple as usual, there are no guarantees. Cryptocurrency is still very new, technology is still new. There will be a lot of growing pain — it cannot be expected to be perfect in the present nor do we try to predict the future. However, it makes sense to keep a close eye on cryptocurrency developments, and keep investing in at least one or two (or more) cryptocurrencies.

What rules?

Fiat isn't a solution, fiat is what we use and it's been there even before the creation of bitcoin. It don't solve anything while bitcoin, it's been made with the solution of the financial crisis that has happened on 2008-2009, just correct me with the right year for that.

And those that have experienced it, we're likely dealing with it again right now.

Rules in the administration. bitcoin is a good thing because indeed they are one of the very good investment objects for now, but when we live today it is clear we can't rule out FIAT either.
I love bitcoin and I use it as an investment tool that allows me to support my life until now is mostly the result of my investment in bitcoin. But in other respects I also can't rule out FIAT even though they don't change anything but FIAT is still very useful for everyday life.

Bitcoin,fiat and gold have their own purpose why they exist. Bitcoin is definitely the best in terms of investment because of the higher earning potential. And it is good to invest both for short and long term if there is really knowledge about crypto or digital currency. Gold is for long-term investment that has been around since then. Fiat is what we use every day, with or without bitcoin, the truth is that we need fiat for our daily life even if we want to invest both in the stock or crypto market. Those three act as a medium of exchange which means they are all important.

As you said everything has its own purpose, and also choosing Bitcoin doesn't mean we don't need fiat and Gold. Because after all Bitcoin also
has weaknesses and is not something perfect, so the presence of Bitcoin is not to replace fiat and Gold. But Bitcoin was created as an alternative
either as a payment or as an investment, having all three is much better than having just one. Moreover, many countries still prohibit Bitcoin as
a means of payment, so fiat is still very much needed in our lives. Likewise with Gold, although Bitcoin can provide greater profits, but it will be much
safer if we diversify our investments. So investing in Gold and Bitcoin is much safer than we only focus on investing in Bitcoin.

Most of the comments are just base on the price speculative aspect of btc failing to recognize the major features of btc like decentralized nature, scarcity, anonymous and durable.
Beside price speculation and volatility which emerges as a result of traders, btc major features makes it the best among the rest assuming it was not being traded in the asset market and treated as an asset instead of an alternative means of payment.

I think I exactly agree with people that we need dual mechanism of Bitcoin and fiat currencies. Bitcoin is the best wealth protection out there as its scarce. But fiat money best option if you wanna take loans as inflation decrease their value and in overall you spend less money than you are gonna spend later on (if you didn't take loans). Bitcoin's strength in your graph is obvious and we should be buying more Bitcoins for future.

No! That is not what Op implied in the above info graphic, the concept you explained about 1 million dollars and 1 million worth of btc is rather known as portability and not durability. Durability is a measure of how long a currency will last before it becomes unusable and not how bulky or light the currency is to handle.

Bitcoin is durable because it is in digital form, fiat is also durable because it has a digital version. Even the paper version is durable and whenever it eventually becomes old, it could be recycled or re-minted for continuity.

Bitcoin is the first cryptocurrencies so it has the largest community, according to the latest data the number of bitcoin users is currently more than 200 million so that bitcoin is the most popular, of course another factor is bitcoin has many top developers so it automatically benefits bitcoin.

Until now Bitcoin is still the king of cryptocurrencies, if we want to know the market picture in general then we can check bitcoin, if the price is red then it is certain that the price will be red or vice versa, the influence of bitcoin is still strong even though many altcoins continue to grow rapidly.

IMO, bitcoin doesn't have to rule out fiat.

It has to be there and be just the greatest alternative that people can and lucky for us, we already knew what bitcoin is for and what's up to.

There's no need for any of us to dispose one and the other, we can use both but it's more remarkable to see what are the greatest things that bitcoin can do to each of us.

this is also the reason why I like Bitcoin and why I think is bitcoin will always remain the best choice. because bitcoin and blockchain really gives us freedom of keep our identity to ourselve and stay anonymous to the rest of the world. we can hold bitcoin and crypto currency and no one knows about it.
on other hands. if you have a little bit of fiat money, the govt and banks know about that and keep track of all your transactions and activities.

I don't need guarantees from people. Bitcoin does not give those because it's an inanimate object. Bitcoin has no CEO, no front man, nobody to assure us of anything, but also nobody to target and nobody to make mistakes. For me bitcoin's existence is a guarantee because bitcoin is the best store of value out there. There's nothing like it in existence. Nothing that can equal the value of a whole house, but at the same time be easy to move around and verify as the real thing. You can have a watch worth 100k USD, but how ill the buyer know it's not some cheap knockoff? You can have a diamond ring, but how will someone know it's worth 100k and not 10k?

The world needs bitcoin and if it doesn't survive because the governments destroy it, we're all in deep shit because we'll be living in a world where there's no private property. All will be given to you and taken away when those in power decide you're not following their plan.

What kind of dual mechanism do you mean in this case?
Actually in this case when we are in bitcoin does not mean we should not care about fiat.
Indeed, in terms of investing in bitcoin, it is a particular choice for me personally, but when talking about the current social situation, it is clear that fiat still plays an important role at this time.
Having bitcoin as an investment tool does not mean we have to leave fiat because there is nothing wrong with having both as long as we feel comfortable.

The chart is quite positive towards bitcoin's journey, some people have been very close to this model, bitcoin continues to show positive values for now, so feel free to start.

What makes people feel left out is incompetence, they are not doing the right thing to make a decision.
Yes bitcoin is risky, then what about gold and fiat currencies?
all three are just a combination that we have to use, to add to the list of assets that we have, but now bitcoin is one of the right destinations, when you and I are able to take advantage of it

Governments are doing what they can to reverse this, they want every single person using bitcoin to have to pass their KYC policies so they can do the same they can do already with fiat, and even if they have not been able to do this they have passed regulations that forces almost any centralized service to eventually ask that information on their behalf, so the days in which you will be able to remain mostly anonymous while using bitcoin may slowly come to an end.

This is the important point.
From the beginning bitcoin was created not to replace Fiat basically but to make it complementary to each other and it would be great if they could run together. When we are in bitcoin we don't mean we don't look at fiat and vice versa because now they have their own advantages and disadvantages.
Just use it as long as we get the benefits of both then this is a good thing.

I would say so - a dubious statement in the title of the topic. Let me explain: in some way, yes, bitcoin in the crypto world has the role of "dollar in the global economy." But in the fiat world, the situation is different - the dollar has the support of the Running House, the Fed, the US military, the economy and global demand for it as a settlement currency and as a store of value.
What is Bitcoin? Yes, a high price, although this is also relative, and provided only by speculative processes. And what is important - there is no global dependence on it. Tomorrow, bitcoin can be replaced by, for example, Ethereum or Avalanche or a similar, high-tech product, and .. NOTHING WILL HAPPEN, just another token will replace bitcoin. And try to just replace the dollar? It will collapse! Therefore, the statement made in the title is not entirely true. IMHO

The bitcoin price increasing 10% in the last 24 hours is a good thing, of course. I didn't expect a strong bounce like this actually after the previous day the price corrected, but this is a bitcoin market where fluctuations can occur at any time. This can also be the reason why bitcoin is always the best choice in every investor's portfolio, it is clear that the risk will be worth the payoff. However, not everyone has the courage to act during a correction, they tend to sit back and wait for the price to fall deeper.

There is no doubt about bitcoin, we have defined it as the best among the best assets. Gold and other physical assets are also good, but bitcoin is something completely different.

Tell this to people and companies who bought bitcoin in the range of 40,000-60,000 dollars for bitcoin, they will definitely support your idea :) No offense - as a speculative tool, and even in the hands of speculators with influence on the market - bitcoin is an indescribably profitable tool. But for most of the others....

Mate, it is clear that Bitcoin is the king of crypto coins and it will remain the first option for crypto investment. But the diagram doesn't compare Bitcoin and other crypto coins, it compares Bitcoin with Gold and Fiats. Do you realize it?  :-\

Please check again what OP explained on the first page, it is about the difference between Bitcoin, Gold, and Fiats.

It is true. There are more and more countries that legalize Bitcoin. It is surely a good sign for the future of Bitcoin/crypto investment.

Well, crypto market will always depend on Bitcoin because it is the main crypto asset. When many countries ban it, it will give a big impact on the big decline in the prices of the whole crypto coins. While if many countries legalize it, it will trigger the prices of most crypto coins to rise signifincantly. Bitcoin will always have a big role.

Gold is divisible too. But like you said, there are physical limits, and it is the same with bitcoin and fiat currency. Bitcoin has the lowest unit, a sat, but you can literally do nothing with that 1 sat. You won't even be able to send it to anyone since the fee is going to be more. The same goes for gold. You can divide it into minuscule pieces, but no one is going to have any use of it.

And yeah, bitcoin is censorship resistant, but most of the people use centralized wallets or exchanges to make transactions. Bitcoin can still be censored if the government wishes to ban any kind of bitcoin transactions. In that case, even if you are doing p2p transactions, you are breaking the law. As long as you don't interact with any fiat currency, you will be fine, but that is almost impossible.

Yes, it is better, but not the best choice over the rest. There are still some drawbacks that soon will be solved.

Based on the chart, it looks like Bitcoin has everything aside from history. But I believe people give value to Bitcoin not because of those things, it was because people see this as a profitable investment compared to Gold. Do those things really matter to the investors? Maybe some but for the majority, it only takes for granted. And despite the risk in crypto, many had chosen this knowing that earning a profit isn't impossible and they can possibly make money every day like if you are a trader. It serves as an investment and a currency as well - that seems to be the advantage of Bitcoin.

If people only study and learn how Bitcoin works or what is Bitcoin then it's not a problem at all it's just that they seemed like they are lazy to understand or study Bitcoin and proceed to choose the fiat system. There's a lot they can benefit by using Bitcoin if they just know what are they and it's easy to use, you can send your money from all around the world without the interference of a third-party.

Besides of what I've said, they can also invest since Bitcoin can be an asset too just like what you said. What more people should be asking? They could trade using Bitcoin just like the stock market. I think people really hasn't thought about it that they are in great advantage when they choose Bitcoin.

Bitcoin is a good investment because of its volatility, and it's proving its worth since it was released in the cryptocurrency market. Honestly, gold and Bitcoin are good to posses, however, gold is a little bit eye catcher, especially to thieves, so you can't sleep at night if you don't have any good storage and security at your house.

I love Bitcoin in all of the cryptocurrencies that are existing here in the blockchain world because it's accessible anytime and it's not hard to keep.

Too bad to say that because of thinking MONEY, they'll turn greedy and it becomes a reason for their losses. It was important for us to widen our understanding of crypto and not just only think about earning a profit but also to discover its real function and which was a form of currency. It was indeed we see how beneficial it was over gold and it was very clear to us the huge difference which makes people choose Bitcoin.

There will be different reasons with different users. For me it is the one that got into the market and served as the base for the rest of the altcoins available for usage. Maybe more advancement have taken place with other altcoins, but to stay strong against all other cryptocurrencies and the fiat system is not a simple thing. For this reason my choice falls with bitcoin as the best of all time.

It is the firstborn of cryptocurrencies and that's why it does makes sense that it's got the supreme. Although for some facts, there will be those people that might say that it's the not first one because there's the ecash by David Chaum. Well, enough with that but sure it's the base now for the entire market and that's what makes it the best choice. While many of these altcoins will be gone for sure within the next years, bitcoin sure is here to stay no matter what trend will come out.

Saying who's the better might seems not appropriate. No need for comparisons. Why just focus on a single one?

Either Bitcoin, Fiat, or gold, they are all important.

Better to consider accumulating all of these if we can.

    Why is Bitcoin still the best choice, despite its low price? In terms of popularity, bitcoin is known in all countries around the world. Even in the stock exchange market, it has been included until now. This is something that other cryptocurrencies don't have. I don't know if you know of any other cryptocurrencies that are also included in the stock market.

    Then most large companies and merchants in different parts of the world also accept bitcoin as a primary payment in their respective businesses operating in their countries.

I don't think there is a need for this table you drew here because you are making a lot of pointless conclusions there. Are you saying that Bitcoin and fiat do not have established histories but gold has? That is outrightly wrong. Do your research very well, aside from Bitcoin, fiat has a well-established history more than gold which is way older.

Let me just excuse myself from many others that you marked or dashed because many of these do not represent the reality of what you made them appear on the table. Gold is not divisible, but it has an established price, right? This thread is not necessary to me, you seem not well informed about the subject.

If someone is afraid of the volatility of bitcoin then it is a good idea to buy gold, not only it is less volatile it is also a very good store of value, however there are many pitfalls when it comes to buying and storing gold and people need to be aware of them so they do not lose their investment, after all through the years there have been several scandals about gold bars and gold coins being fake so you need to know a little bit about the topic so you are not scammed, which is somewhat similar to what happens in this market in which you need to inform yourself about the different scams that exist so you don't fall into them and lose your money.

Btc does not have the support of the elite class yet but it has been able to compete quite well with fiat, imagine if it does...

There is no global dependence yet but it does not mean the possibility is not there. It becomes speculative because of people's desires and is not a part of its nature.
Btc can be replaced and so is fiat, the world is fast changing and nobody knows what the future holds. For more than a decade people have been hoping to see the token/coin that will replace btc, until that happens btc remains the best option.

They don't and I  don't blame them for it. There is an age factor in most of these, most of these guys don't work for themselves, they come up with ideas that there employees work on for them or maybe ideas presented for them of which they evaluate and find potentials. When it comes to cryptocurrency, its mostly a do it yourself.
On another note, these guys came to power following the traditional means of banks and the monetary system. It haven't failed them much nor is it knife-throat cutting and so the dependency would always be there with them until a huge progress is experienced in Bitcoin and other crypto projects.

Well, the shift from the various chains from which projects run there ICOs and IEOs might be proof to some possible changes but, we ought to realise that these changes are due to congestion and there could be an after effect of which, everything could come back to origin and by that I mean bitcoin for which other projects won't count.
Not to mention the true qualities of bitcoin for which other projects lack.

Bitcoin is definitely a better choice than both Fiat and Gold combined. But governments don't want people to realize this, because that would mean almost everyone will abandon Fiat for good. The vast majority of people worldwide thinks Bitcoin is a scam, a Ponzi, or something that will fade away into oblivion because of governments' misinformation and propaganda against it. As long as there are opposing forces trying to prevent people from using Bitcoin as an alternative financial system, we won't be going anywhere. At least, Bitcoin is free and open for anyone to use to their hearts' content. Who knows if it lasts for generations? Just my opinion :)

Indeed, the reality is that there are people who are not interested investing in Bitcoin just because the price of Bitcoin is too volatile,
and he was not prepared if the price of Bitcoin suddenly dropped drastically. In fact, in my opinion, because the price of Bitcoin is very volatile,
we can generate very large profits from Bitcoin. That's why if we compare with other assets, Bitcoin is still the best for investment.
Especially Bitcoin's performance during the Pandemic in recent years can generate greater profits than investing in other assets.

It is true that Bitcoin has its drawbacks, but if we maximize the advantages of Bitcoin, it will be beneficial for us. Therefore I never hesitate
to invest in Bitcoin, but for people who are still afraid of the volatility of Bitcoin, there is no compulsion to invest in Bitcoin. There are still
other options, such as investing in Gold is also profitable. Although the profit generated is not as big as Bitcon, but it must be admitted that
it is safer and certainly legal in all countries. But as you say now there are a lot of fake gold circulating, that's why we should be able to know
the characteristics of real gold. Or so that we don't have to bother checking gold,  we can buy gold in a trusted place and reputable place,
so we can avoid buying fake gold.

Yes, it's true, misinformation about bitcoin is one of the reasons why bitcoin is still not accepted by some people. Moreover, the government with all its authority strongly opposes bitcoin. It is difficult when dealing with people who have great influence, in this case the government. They have all access to say anything to bitcoin.

It's true yet I don't think that it's possible. I mean, Yes, Bitcoin is much greater and better than Gold or Fiat however I doubt that the people will try to abandon those two even if they are provided with correct information. People would rather choose convenience which is why fiat is the most favourable choice as it can be used to any kind of transaction.

Also, Unfortunately, Not only is the government against bitcoin but rather some professionals, celebrity, and various people who still thinks that crypto is a bubble even though that reliable information could be found throughout the internet.

But if you can have all of them, that will be a lot more profitable as you will gain multi sources of income. When one fails, the other asset will certainly works. Though bitcoin is still the best choice, but seeing how volatile and unpredictable it is, one should always be practical and should also have good amount of assets in their portfolio. That way, you will never run out of profits.

There are clear and obvious reasons why we prefer Bitcoin, but I think its most important features are portability and divisibility. Today's world has relatively convenient and comfortable facilities compared to the past, but world history has not always hosted such lucky periods. If we make predictions about what we might encounter in bad times, we can better understand the portable and divisible properties of Bitcoin.

The portability of bitcoin is one of those characteristics that is often underestimated until you really need it, can you imagine how much of a pain would have been for someone holding gold at Ukraine to try to move it? With bitcoin the only thing that you need is a piece of paper with your seed words, and even something like that is unnecessary because if things got really bad to the point you were worried about every single one of your belongings being searched you could always memorize the seed words and carry no evidence you are holding any bitcoin, while still having the opportunity of accessing your coins in the future.

Perhaps even more important, it will remain the first choice due to history, longevity, it being first, established store of value and also responsible for basically the whole cryptosphere.  Take gold for example, at one point platinum was worth more (not any longer), however, palladium and rhodium are worth more than gold, esp rhodium.  But guess out of these metals which is the first choice- gold, for basically the same reasons as Bitcoin is when it comes to crypto.  This could also be considered another perspective on why Bitcoin is digital gold.

Convenience always goes on top of security/decentralization. After all, people want to get things done as quickly and easily as possible. It's this reason why Fiat currencies won't be going anywhere soon. On the other hand, Gold is a well-known precious metal that's been used for centuries to build and preserve wealth. People trust Gold more than they would trust Bitcoin.

While Gold is much more stable in price than Bitcoin, it doesn't give you the ability to make huge returns out of it. Your wealth is relatively static in Gold, with little to no chances for profit. With Bitcoin, you can multiply your purchasing power if you know how to deal with volatile market prices. Despite its limitations, Bitcoin is still a better choice than Gold or Fiat because it's censorship-resistant. That means that you and only you control access to your funds. I hope people would get to learn more about Bitcoin to witness its full potential. Considering that Bitcoin has come a long way since its inception, it's unlikely it'll disappear anytime soon. Just my opinion :)

The most important to me is that it is scarce. That's one main reason for someone who looks for assets that he can depend on in the future. Having that limit in supply is what makes it an interesting and a good choice for those that are not really good in investments.
Understanding that simple economics would lead them to be open into more other assets upon finally having bitcoin as part of their portfolio based on that criteria.

A reliable digital gold we don't have to ignore because of the ability to make more investors millionaires. This is an investment opportunity and also an assets that we can keep for long ams make money from the huge liquidity that could increases or decreases the worth with time.
Bitcoin is gradually becoming a universal and acceptable digital gold with time even though many countries still think Bitcoin could pose a big danger to their economy growth. Many persons are beginning to understand why they need to hold Bitcoin since the worth of fiat can lost value anytime.

Bitcoin will always remain the best choice for every person, which is the investment of the future, as the return on investment in Bitcoin is very large. Cryptocurrencies, in general, have witnessed tremendous growth and recovery over the past years, Also, Bitcoin is better than gold and better than Fiat money for several factors, and the most important advantage is decentralization, as Bitcoin and other cryptocurrencies cannot be tracked by governments and transactions are done anonymously and quickly and can be sent and received in the wallet of anyone around the world with the click of a button.

I would not be so categorical in my statements. Bitcoin has many advantages and merits, but still, it is not an ideal asset that has its drawbacks too. Therefore, it should not be stated for sure that this is the best choice for everyone. Bitcoin is the best choice only for those who benefit from the features of this. Yes, BTC is better than fiat and gold in some ways, but I prefer not to put it all in one category for comparison.

But here, you are very wrong. Bitcoin should not be idealized, because it is easily traceable and pseudo-anonymous. Soberly evaluate opportunities, use advantages, consider impact  bitcoin's limitations and try to reduce it.

The point is that bitcoin may not be the best there could be, maybe there could be something better in the future, but it is certainly something that we haven't seen so far and there aren't any better ones as well. This is why the best thing to do would be a great competition to bitcoin and that way we could see them both trying to be better than each other and improve meanwhile.

However, right now we have bitcoin and fiat and gold etc, and when you compare them bitcoin is the best, even though it has some drawbacks, it is still the best, and that means if someone gets 10/100 out of an example in a class, and the other gets 30/100, the one that got 30 could be bad, but still did better, and that is what we have with bitcoin.

Bitcoin has been embedded in many people's minds that by investing in Bitcoin it will be profitable even though it will not always be like that,
Regarding credibility, I think there is no need to doubt it,
never be afraid and have to believe in what we do ourselves

Profitability is not only the reason why some people see btc as the best, it is all about the ease of use and convenience, the lack of control from any central body. People should not see btc only as a profiting tool but also as a great alternative to have control of your own funds and access them anytime you damn pleased.
The profit aspect is one side of it, the decentralized nature is what most people who truly understand the tech are after.

Bitcoin is king, and the king of kings when it comes to cryptocurrencies as far as I'm concerned.  The best thing about btc is that there's no person or group running it like you see with so many of the shitcoins out there, especially the PoS ones (which I used to be a fan of). 

Just take a look at all the truly awful shitcoins that have taken a beating in the past day since ETH went PoS.  None of them even come close to bitcoin in terms of dominance or usefulness.  Is that going to be the case forever?  Maybe not, but damned if I know of a challenger with any serious credibility. 

On a side note: mm2543363580, you've been reported for burst-posting.  These 1xbit campaign idiots are like cancer.

by looking at the experience of many people who make a lot of money from bitcoin and the volatility of the market that can always go back to the previous ATH and go further and create new ATH, many people believe in bitcoin and have high hopes on it to be able to make it rich. on the other hand among cryptocurrencies bitcoin has a volume of more than half of the total of all existing crypto, this is what makes bitcoin the most viable

It may sound classic but the main reason for me is bitcoin because it allows user transactions to be anonymous and easy and the best thing that can be done is to stick with coins that have a market cap and network power to back them up. That's Bitcoins.

Bitcoin is one of the most exciting innovations in recent memory. Decentralized, transparent, and has been popular since its conception in 2008. It changed the way the world views finance, and remains the best choice for beginners when it comes to cryptocurrencies like me sir and now is the right time to buy it.

Unfortunately, some people are more focused on price volatility and neglect the true nature of btc, The future is unknown and there is a possibility that there will be something better, but right now btc is still the number one coin and others are just tagging along.
Btc has proven to be the best option in situations where fiat can not be relied upon, so i don't see the point of argument. 

That could still be a feedback though. I mean sure others could be bad, but others have been around for centuries and they are protected by the governments as well, so even while worse on paper, they are supported by bigger reasons and that is understandable.

This means that bitcoin needs to find a way to get better and better constantly to outmove them, if it can't do that then it is going to end up being not preferred over fiat, so far bitcoin did well but if we are talking about a situation where it is not that easy to handle, then we are going to end up with getting worse and worse, do not trust the good we did so far, we need to do better constantly to stay here.

Bitcoin is already a digital currency with reputation and now investors seem to invest in it because is has high chances to tripling in price and making holders to earn massive profits from it. I don't think there is any coin in the market right now that could compete with Bitcoin which is the first cryptocurrency we ever had.
The early adopters of Bitcoin are now billionaires and millionaires which nobody thinks it could go that high with time. Those who invest in the future have the chances of becoming more wealthy than those that invest in the present.

I have no doubts about the advantages of bitcoin with gold. but of course both have their advantages. such as gold which is suitable as savings because the price is not too volatile and relatively stable. different from bitcoin which is more suitable to be used as an investment asset. because even though the fluctuation is high. but it is proven that bitcoin can always break price records when the bull market returns. currently blocking the rate of increase in bitcoin is from the economic crisis that hit the world.

There are so many coins with attractive features, but none of them are as decentralized and censorship-resistant as Bitcoin. Even Ethereum (ETH) decided to sacrifice decentralization just to please the regulators. It's all about reducing carbon emissions (energy efficiency) and enriching whales to gain all of the attention in the mainstream world. Some PoS cryptocurrencies offer holders attractive rewards just to stay ahead of the game. But again, they're missing what makes Bitcoin best (which is decentralization and censorship-resistance). I think that's why Bitcoin is still (and will always be) the most valuable cryptocurrency in the world. I wouldn't be surprised if sometime in the future, around 99% of altcoins die while Bitcoin remains untouched. ;)

Bitcoin is more than just an ordinary cryptocurrency now, and even Bitcoin has become the basic foundation for the impact of other cryptocurrency movements in the market so that Bitcoin is very, very worthy to be called the King above all other cryptocurrencies.

This means that Bitcoin has become the best asset of the many other assets that exist today so that Bitcoin is still more in demand by all circles at this time and is also not seen as a bad asset even though it is still experiencing a decline in price. But that's not the only reason that everyone should look into because the ones that are most in demand will get a price spike again when market and world conditions have improved again.

Most altcoin projects have already come to realize that they just can't defeat bitcoin. They should pursue what they're up to and not just be there to beat bitcoin on its throne.
The main reason is that bitcoin is the blue chip of the whole crypto market and there's assurance that it's there to stay. With all of that disruptive technology out there, bitcoin remains steadfast and the best choice. So, whatever new projects market with new technology they have, bitcoin remains the top choice.

That's why until now and maybe until whenever Bitcoin remains the king of crypto,
with a bear market of course the risk is getting bigger and investing in Bitcoin is the right decision,
obviously there is no need to doubt Bitcoin

We can agree that the majority of people trust and are interested in btc because of the return of investment  but there are also few classes of people whose interest are more than the roi, their interest is more of the self control of funds btc provides, ability to make payments anonymously, elimination of third party during transaction and so forth.
To some, it is all about the profit,  and to other's it goes beyond that.

I don't think so because if that was true then btc adoption is already at 100 percent and maybe all will switch to it, leaving banks and fiats useless but that didn't happen. What you said is only true if we are talking about the people who are involved in crypto. For them btc is most trusted among any other coins although this does not mean that earning on btc is now guaranteed because btc is still unstable and its value can drop sometimes but if we know how to deal with it then everything can be at our advantage.

No you can't measure the person's knowledge just because they can hodl for longer terms. Each of us has our own preference, that is why some only choose shorter terms.

Why would having no patience would never invest in bitcoin? which you could eventually deal up with it on more active manner on just playing its moving price which if we do look up
and consider on the liquidity and volume then we could really play along with those movements but of course this is something that you cant really just deal with it easily.
You could be both a holder and an active trader at the same time which do accumulate and earn on the same coin which is Bitcoin.Its up to you whether you would really be
touching up other ground area which is on alts and since not all people are really that patient then you could really expect something like this in regards with the action
had been made.

Not just looking at the others but personally, we've got our own experiences on how we benefited from it.
And that's the reason why many remains to be optimistic about bitcoin because it's one of the best assets that has been invented and right now, we're enjoying its features for being an asset and currency.

It's because of the historical chart that it has and its cycle that's likely to be happen again within a few years.

When you know that it is quite safe to invest in Bitcoin because it proves the price constantly grows from one bullrun to another bullrun, you should be confident and patient to invest in Bitcoin. You become impatient because you don't really understand the history of Bitcoin price growth, you only speculate about the possibility of an increase in Bitcoin price. So, if you have enough knowledge about Bitcoin, you must be a patient investor.

Anyway, investing in Bitcoin isn't a must for 4 years or more, you can invest for the short term. Or you can choose a daily/weekly/monthly trade if you want to get fast profits. So, there is no reason that you can't invest or hold Bitcoin, it is only your assumption.

I believe it will be. Years ago, people would laugh at you when you talked about investing in bitcoin. Now most people are disappointed they missed the boat and called it a scam.

Crypto is still so new and most people who know anything (even the tiniest) bit about crypto, may not 4 about Doge, or Shiba, but they def know about bitcoin. That gives Bitcoin a little more credibility and I believe that credibility will keep bitcoin in the forefront. Especially while the crypto space is growing and people dip their feet into crypto for the first time.

Even into those early years of existence which for sure that there are lots who had just ignoring this coin and never had intended nor expect that it would really become big something like this.
It cant really be removed for someone to have those kind of regrets deep inside which if we had just made out some investment into those early years then we might had able to make huge
profits in a decades time.Well, past is past and there's no way that we could change it back.Somehow its never been too late for us to engage into it considering that the current price
isnt really something that high plus we could accumulate in fractions which means that you arent still late to the party.

Not only because of the speed of Bitcoin which has been running for quite a long time, but also because Bitcoin has become the main thing that is still believed by many people so that altcoin developers also continue to innovate by looking at Bitcoin paths in order to develop their altcoin products for the better. This means that altcoin developers are also happy to see Bitcoin continue to grow so far because they can make better strides for their products in the future.


The majority of companies who are familiar with Bitcoin have indeed made Bitcoin their priority and also favored Bitcoin as the best asset they have ever known apart from the fiat currency that is often used by companies. And obviously that makes Bitcoin the best cryptocurrency of all time even though there are now so many other cryptocurrencies on the exchange, but the first one is always better than the new one.

Bitcoin is always the main choice of investors to put money, this is because Bitcoin is the most widely used cryptocurrencies for trading or transactions directly, even I have met ATMs with the Bitcoin logo a few years ago.

The bitcoin the reason for always being the best is because of the increase in usage levels. Bitcoin is the easiest and most secure means of transaction in this modern civilization. And now most major countries do transactions through Bitcoin. Due to which Bitcoin is becoming more trusted and better. And one of the reasons why Bitcoin is the best is the developers. They make it easy to use Bitcoin. Due to which people have got more interest to trade in Bitcoin. And that's why everyone believes that Bitcoin is always the best for all cryptocurrency.

Especially with the way inflation is making fiat to lose value daily, people are getting tired of such way of leaving. Fiat has really lost value so much that you spend more just buy few items.

Btc on the other hand has sustainable value both in terms of fiat and as just bitcoin. Meaning 1BTC will remain so no matter what.
Like I have already mentioned severally, the price alone is not what makes btc a better choice, it is everything encompassing it that's it better.

Fiat currencies have lost a large portion of their value due to rising inflation rates. The COVID-19 pandemic, constant government spending, and the Russia-Ukraine crisis have affected the global economy at a large scale. Bitcoin may've lost its value in Fiat terms, but its supply has remained unchanged. It's still a scarce and valuable asset which has retained its purchasing power over time. Compared to other alternatives, Bitcoin is the best performing asset in the world.

I think more people will embrace Bitcoin as Fiat falls to a point where there's no room for recovery. El Salvador became the first country to adopt Bitcoin as legal tender, so it should only be a matter of time before other countries do the same. Who knows if Bitcoin ends up beating Fiat for good? Just my opinion :)

They will in time or if not sooner judging by the rate at which Fiat is losing value. My local currency is so valueless against the usd that prices of commodities are high, many minimum income earners are struggling to buy consumables. The inflation rate as at August is 20.52% according to an online source, and the situation is not anywhere near better.

This dwindling situation of fiat will expose many locals to btc and how they can take advantage of it, even though the government will fight to discourage people from using btc as a better choice and alternative, the hard situation will make it happen regardless of what the government authorised.

Bitcoin is indeed important if we talk about freedom without being controlled by the center. bitcoin embodies that freedom. with a non-centralized system. and that's what makes bitcoin important. but gold and fiat also have their own specialties.

then I treat Bitcoin as my investment Asset.
gold as my savings.
and fiat as my daily means of payment.
because fiat is not suitable for savings, let alone investment. because its value continues to weaken from time to time.
in contrast to gold which is stable and even continues to increase in value even though it is slow. and bitcoin is superior for investment because as we know bitcoin can always print new ATH every time the bullrun market comes. but invest appropriately and don't overdo it. because in investing we should not put our assets in one investment. I myself invest in bitcoin (for digital asset investment) and property (for physical investment).

Bitcoin is the first choice because people think that the potential for cryptocurrencies is very dependent on bitcoin, especially more and more countries legalize bitcoin so that one day bitcoin will be more expensive and difficult to find.

For investment, yes offcourse BTC is best option because bif volatility but for spending in daily use I like only my own country currency for easy acceptable everywhere

Almost all big investors will always make bitcoin as the main choice, this is because of the popularity of bitcoin and the many developers who continue to actively develop bitcoin to be better and of course will make the need or demand for bitcoin continue to increase.

Now that's a very high inflation rate. I don't know if that could be classified as "hyperinflation", but it's certainly not a good picture for the economy within your country/region. Central banks around the world are now trying to fix everything by raising interest rates. This will make local currencies stronger, but it will severely slow down the economy. Many experts are saying we're heading into a recession that's going to last for quite a long time.

When inflation strikes, Bitcoin will be there to save the day. El Salvador and the Central African Republic already adopted BTC as legal tender, so it should only be a matter of time before other countries do the same. Who knows if governments peg the value of their currencies against Bitcoin? If that happens, then "hyperbitcoinization" (also known as the Bitcoin Standard) will be fully realized. By accumulating BTC, you will increase your chances of becoming rich in the future. Bitcoin has been known to reach a new All-time-high in price after every bear market, so I'd suggest you accumulate as much coins as you can before everything goes back up again. Just my thoughts ;D

One of the reason why we cant use Bitcoin as currency for daily use is, it's not widely accepted yet by small merchants, most of them are not even aware yet of its existence. But despite this Bitcoin is still way better, unlike fiat no one is running it and you have an option if you want to use it as currency or take advantage its volatility.

That's true. Many of us are having frustration during bearish season because of the price of crypto but if we look into its positive side, it's actually a chance for us to buy (this is only for investors who believe in Bitcoin and its future). Bear market is a time to accumulate since we'll never know when might the market turns bullish again.

Actually there is big role of YouTubers and other influencers to make panic. When newbie hear that Bitcoin will further down and All market will crash there is no way for them except panic sell. In bear market it's better to make good shopping and forget assets for three years at least