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Author Topic: Bitcoin can save your life wherever you are  (Read 269 times)
Israelgogo
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May 19, 2022, 01:14:55 PM
 #21

Relating this to real life experience when a friend accidentally hits another car with his car ,causing damages to the person's car and physical bruises to the person ,he was been held captive and asked to repair the damages car he hit and treat the person as well by paying for the hospital bills ,he didnt have any physical cash and even had an empty bank account.after been pressured and threatened with the law enforcement which will make him face the law and spend some time as punishment for his carelessness, he was saved by is crypto account which he had some few balance is his wallet ,he had to convert the crypto into cash to save himself from the menace. The matter was cowled from escalating into a serious one ,when he payed for the car repair and hospital bill, rather than facing the law ,being fined ,still paying for the car damages and the hospital bills .the crypto balance saved him.
AakZaki
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May 19, 2022, 04:12:10 PM
 #22

Relating this to real life experience when a friend accidentally hits another car with his car ,causing damages to the person's car and physical bruises to the person ,he was been held captive and asked to repair the damages car he hit and treat the person as well by paying for the hospital bills ,he didnt have any physical cash and even had an empty bank account.after been pressured and threatened with the law enforcement which will make him face the law and spend some time as punishment for his carelessness, he was saved by is crypto account which he had some few balance is his wallet ,he had to convert the crypto into cash to save himself from the menace. The matter was cowled from escalating into a serious one ,when he payed for the car repair and hospital bill, rather than facing the law ,being fined ,still paying for the car damages and the hospital bills .the crypto balance saved him.
that's just a small sample. When your friend doesn't have FIAT in an emergency situation, of course it will be a problem. and then remembered the crypto account he had. But why does he only keep it in crypto, is it for long-term investment or has he not made any disbursement yet.
It's better to have some liquidated into Fiat and some in crypto, so as not to interfere with the investment being made.
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May 19, 2022, 05:27:06 PM
 #23

Well I am an Enthusiast of Crypto-currency and a believer that Bitcoin is the climax of all Crypto-coin, but I would not necessarily put it that Bitcoin could save a life, infact if I can paint your picture like this, your friend only has Bitcoin and Crypto-currency and he needs urgent surgery from a hospital that doesn’t accept Crypto-currency or from a country that doesn’t and you friend doesn’t have any form of Fiat only Bitcoin, I think then if his friends do a go fund me in Fiat then you would say Fiat can save a life.

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firmino10
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May 20, 2022, 10:20:26 PM
 #24

part of the development we are envisioning that most countries will accept bitcoin as a form a payment in different sector. one can look way pass the truthfulness of the story but to the fact that the banks can suspend an account due to some reasons, like exceeding the limit of inflow of cash and the account needs to be upgraded or some suspicion of fraudulent activities, and many more. but it is the fact that almost everyone is looking forward to a time when bitcoin can be use for exchange for goods and services. and since it uses a decentralized system, i wouldn't know if there is a limit to bitcoin in ones wallet.

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