I regret to scrutinize bitcoin!

[davis196]

So now you are a fan of Bitcoin because Bitcoin is in a bull market,or because PayPal "accepts" crypto.
Let me guess,if the Bitcoin price begins to fall,you will leave Bitcoin or you will start again with the FUD.
This is what opportunists do.
If you are a true Bitcoin believer,then kudos to you.We need more true believers in our community.
By "true believer" I don't mean a fanatical "to the moon" guy,but a person,who truly understands all pros and cons of Bitcoin and blockchain technology and realizes the importance of Bitcoin/blockchain in the future of the financial markets and the economy.

[pawanjain]

4. Which is more important bitcoin or fiat?
Realization: In this trying times we need a currency that could help us to get our needs and get away from getting the transmission of the covid19. Hence using bitcoin for online transactions is ideal compared to using physical money to where virus can be acquired especially if minimum health protocol like washing hands and wearing of mask is not observed. For me bitcoin is important, aside from what I mention above that bitcoin is dependent and that could not be affected by inflation rate like fiat currency.

Everything else seems just right except for this part. You forgot that fiat money also has online platforms. Although bitcoin can be used for contactless payments but internet banking, online bank transfers etc.. also can be used. During this pandemic using fiat money online has been the most efficient way of contactless payments. In my country we have services like Paytm and G-pay which enables UPI payments. Just scan the QR and the money will be debited from your bank account. This is very useful for micro payments and to be honest bitcoin is just not there yet.
We have seen in the last 6 months how network congestion raised bitcoin fees and how long we had to wait for transaction confirmations. Scalability is still an issue with bitcoin unless lightning network is used.

But I think you do not like to use fiat right?

This because it can get affected by the growth of the economy like the inflation rate that can really affect the fiat currency and it will result difficulties for families that are striving to get the food on the table. This is why if one is really smart then taking advantage to beat the inflation rate that could happen in fiat currency could be possible by investing in bitcoin. Bitcoin is in up trend nowadays and probably will break an ATH record that has happen in the year 2017. However, the current market make it more risky due to high or being expensive at the moment.

Don't mind but you are changing the context of your post now. You mentioned that using bitcoin is ideal for payments since it eliminated transmission of covid 19. While that is true you seem to have forgot that instead of using physical money people still have the option to use the same fiat money via online payments. Though bitcoin is better than fiat, we cannot neglect the fact that using fiat through online platforms was a better option than using bitcoin DURING THIS PANDEMIC. I am not against bitcoin, but we have seen frequent network congestion and high transaction fees in this pandemic period which makes online fiat money the ideal choice.

And yeah, if we ignore the pandemic then hell yeah bitcoin is way better than fiat. Fiat is way too inflated and bitcoin kicks fiats ass in that matter.

[Sterbens]

2. Bitcoin is not needed but for investment only.
Realization: Bitcoin is good for investment yes, but if you dig deeper on its use then it is one of the best technology that could solve problems in the future. If you have reserve money (fiat) it will be good if it will be converted as  an asset like gold. But if I were to chose between gold and bitcoin as asset then I prefer to use bitcoin as an asset or reserve back up.

I agree if I have to choose, of course I will choose bitcoin, although I do not deny that gold is also very good for investment. there is nothing wrong besides the price which tends to be fixed. The supply of gold and bitcoin is very different in that bitcoin is created using software, whereas gold is a genuine natural resource. As for the similarities, bitcoin and gold play a major role in investing for investors in the world.

[imstillthebest]

You already regret because you realize that you are wrong but why you will still need a confirmation from us ? There is no need actually because what you have said on your realization page was true . it's okay if you regret and your not the only one that do that mistake but theres so many btc haters before that have wash hands and join the union of btc . Now in order for you to forgive your sins for hating and damaging btc , you must do the good stuffs now . Start posting positive talks in btc and start encouraging other people to join btc .

[Zemomtum]

I was also in a doubt and took me more than 3 years before joining the blockchain revolution. The advantages are numerous and provide for us to be our own bank, be in charge of finances and eliminate any form of central control.

[hulla]

Here are some of my topics I am writing about bitcoin that I made some regrets. I am not a fan with bitcoin before but I am now!

Still I wanted to get confirmation with you guys. What do you think of my realization? Am I coulr be right? or Wrong?

I'll be happy to hear with you guys! Thank You!

It good you realized your mistake but you are not the first person to have negative thought about Bitcoin and you wont be the last. Besides, i dont believes in Bitcoin in the early stage and it something that hurt so deep like a knife each time i remember that day i have a negative impression about and what i ought to have gained if i join cryptocurrency at the early stage.

[Shasha80]

Almost all of the points explained regarding Bitcoin in the opening post are correct, so many people end up regretting not trusting
Bitcoin in the first place. I am also among those who believe in Bitcoin too late, and finally regret not buying Bitcoin when the price
is cheap. Luckily after Bitcoin hit the ATH price in 2017, I started collecting Bitcoin and finally in 2020 I can feel a big profit from Bitcoin.

[erikoy]

You already regret because you realize that you are wrong but why you will still need a confirmation from us ? There is no need actually because what you have said on your realization page was true . it's okay if you regret and your not the only one that do that mistake but theres so many btc haters before that have wash hands and join the union of btc . Now in order for you to forgive your sins for hating and damaging btc , you must do the good stuffs now . Start posting positive talks in btc and start encouraging other people to join btc .

Anyone can express their thoughts here. There is no rule prohibiting anybody to express their feelings towards the forum and to other members that are also experiencing and learning the same thoughts. If you do not agree then you can skip to post in the thread or else you need to post because every post you do count as payment and you do not have any answers that you can find which resorted to the likes of your posts. Well you are free in that part and then you can also start a thread for that prohibiting others to make posts.

[Walterhank]

Yeah, your realization is good. However, there are some flaws here and there but still, you are on the right path.