The recent conflicts between Chinese police and depositors in Henan province of China for the past weeks gives a conspicuous importance and credence to the encouragement of people to better make use of Bitcoin either for trading, investment or as a store of value/wealth, as it saves you from government unscrupulous policies, due to the decentralization Bitcoin enjoys.
Imagine a situation where you are barred from having access to your hand earned money because it is in the control of a centralized systems.
A situation that could be worst!
According to a source statement:The tanks were reportedly deployed on the streets to protect the banks and keep the protestors from attacking them. The incident follows a statement made by the Bank of China's Henan office that deposits made by customers are "investment items" therefore, they cannot be withdrawn.
https://saharareporters.com/2022/07/21/china-deploys-battle-tanks-prevent-people-withdrawing-money-banks-crisisThis is why crypto (Bitcoin) is the only way. And we that have seen it and, how it's working for us must spread it's usefulness far and near.I have reservations when it comes to bitcoin and i stand firmly that Bitcoin is not the only way; instead bitcoin is an alternative while i find stable coins a credible alternative. I find bitcoin not credible because it does not have a stable price, if you keep xxx$ in your bank, you get your xxx$ at any time (bar bad occurence). If you buy xxx$ worth of btc, it can either be yyy$ (addition) or zzz$ (depleted value) when you need to use your funds (not a credible store of value, instead an investment chain).
Why are stable coins credible alternatives? Simply because you retain your monetary assets xxx$ = xxx$ (and can be more when you convert to local currencies), so i implore you if you want to keep or store your funds, get busd or usdc and store in your private paper wallet, want to invest your money? Buy and Hodl BTC Longterm
