Bitcoin is a Lifeboat

[dkbit98]

Andreas Antonopoulos made a great video for everyone to watch, both for newbies who don't know anything about Bitcoin and as reminder for everyone else who is watching Bitcoin price waves now.

All fiat currencies are in war with each other and with Bitcoin, and their big boats are all sinking at different speed but they are surely sinking.

Central Bank Digital Currencies and corporate coins like Libra are just a distractions.

Bitcoin is a Lifeboat, so you better prepare and help others prepare for future events with sharing this video:


source video: https://youtu.be/stN03wk_Wzs

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[maxig.boroday]

Its either you hodl on it and survive or sell it and get nothing

[ukw]

The world is changing and this is inevitable. We go through different economic stages, and cryptocurrencies are the inevitable new beginning of currencies and a new economic system.

[Hippocrypto]

The world is changing and this is inevitable. We go through different economic stages, and cryptocurrencies are the inevitable new beginning of currencies and a new economic system.

Yes, this is really amazing changes that we never expected to create another perspectives in life. Though it challenges our well being, but provides a lesson to everyone who fails to own cryptocurrency because of fomo, as well as negative thoughts that came from someone elses speculation.
Bitcoin's lifeboat is somehow surprising, unpredictable, challenging and infinite because tommorow always counts on.

[hopenotlate]

Thread title almost completely fits how I see Bitcoin : when the tsunami will hit ( I already hear the thunders) only the travelers on the new Noah's Ark will be saved.

[ChiBitCTy]

Andreas is the best. When I found bitcoin back in 2014 or so, the first book I ever read was Mastering Bitcoin, though it was super high level and over my head, it was still a good intro and introduced me to the Greek Freak.  I of course agree with him here.  In keeping with the whole boat theme, bitcoin is not only the life raft, it's the tide itself that raises all other boats...no denying either.

[dothebeats]

That's one way of looking at it, although with that statement it's as if we're sure that bitcoin is what's going to replace the financial system which is far from happening. The financial system is sinking day by day, no doubt about it. Even if that's the case, we still have bitcoin only as a temporary refuge and not as a replacement to these aptly-spec'd boats that can still be seaworthy even after a few tides. Not that I'm saying that the fiat system is robust and sound, but its seaworthiness is proven, although there will come a time wherein it would be salvaged and be used for scrap in the future, just like what boats are destined to end.

[rhomelmabini]

Sooner or later that lifeboat will be much bigger it will rescue much people. The ship is sinking and we don't have to find another ship since the Bitcoin lifeboat will be the one that will take us into safety or make us winner, this reminds me of that famous game.

[Silberman]

The world is changing and this is inevitable. We go through different economic stages, and cryptocurrencies are the inevitable new beginning of currencies and a new economic system.

As much as I would like for things to not go in that direction governments have forced us upon that path and since there is nothing we can do to avoid the crash then we need to do whatever we can to protect ourselves, one option is to buy gold but I have no doubt that ownership of gold will once again become illegal which means that bitcoin will be for the most part the only option that most people will have to buy an asset to use as a lifeboat.

[Stalker22]

Bitcoin could provide a solution for countries (like Venezuela) that are mired in cash.

In Venezuela, the bolivar might as well not even exist, because it is literally worth less than the paper it’s printed on. The Venezuelan government has been forced to deal with the US Treasury and American sanctions. These sanctions banned any transactions of Venezuelan currency to the US and froze some of the country's assets. The Central Bank of Venezuela has therefore been forced to print notes and coins that are not accepted elsewhere, in order to stay afloat.
All of this could have been avoided had they integrated cryptocurrencies into their economy.

[Lorence.xD]

Thread title almost completely fits how I see Bitcoin : when the tsunami will hit ( I already hear the thunders) only the travelers on the new Noah's Ark will be saved.

That is a pretty ambitious analogy for bitcoin, I have to agree but we have understand that bitcoin still has its shortcomings that may leave a bad taste for some. I wouldn't really compare it to a lifeboat because lifeboats are small and I think the more appropriate is bitcoin is an island in a world of water, fiat are boats that will eventually sink and bitcoin is the only safe haven that we don't have to worry that it will sink.

[masterzino]

I cannot accept Bitcoin as a Lifeboat. I don't expect even crypto to replace fiat.

But I accept crypto as a doorstep to many (earning) opportunities that don't exist in the fiat world. I'm optimistic but cautious.

[Kong Hey Pakboy]

I cannot accept Bitcoin as a Lifeboat. I don't expect even crypto to replace fiat.

But I accept crypto as a doorstep to many (earning) opportunities that don't exist in the fiat world. I'm optimistic but cautious.

Same thought. Even with bitcoin's current status, we still can't conclude anything after all, especially of it's bitcoin we're talking about. I have seen a thread in this forum that the volatility rate of bitcoin is going down these days, but we can't trust on it. Yes, bitcoin has been a lifesaver for some but can't still replace fiat. We should just keep on investing in bitcoin and don't worry, this is the only start of the long journey bitcoin will take.

[fiulpro]

Andreas Antonopoulos made a great video for everyone to watch, both for newbies who don't know anything about Bitcoin and as reminder for everyone else who is watching Bitcoin price waves now.

All fiat currencies are in war with each other and with Bitcoin, and their big boats are all sinking at different speed but they are surely sinking.

Central Bank Digital Currencies and corporate coins like Libra are just a distractions.

Bitcoin is a Lifeboat, so you better prepare and help others prepare for future events with sharing this video:


source video: https://youtu.be/stN03wk_Wzs

It's an investment , a Strong Investment at that and at the same time Bitcoins as a whole have the capability to make people realize the importance of the decentralized system. Right now we are living in a world where the centralized bodies are being excessively dominant causing the society to collapse as a whole. Bitcoins and other cryptocurrencies are essential no doubt but they are essential when integrated with other things like : trade pairs , money , since we have not yet established a self sustained web in the Bitcoin economy. Honestly the author mentioned it as a lifeboat , not as the real boat , the real boat is the economy and when it collapses it would take the most people with it , there are numerous lifeboats which I would consider as Investments and Bitcoins is for sure the one of the best here.
Crypto won't replace fiat for sure, again we have to consider the poor countries and the countries where there is no widespread internet they would be cut off from the whole economy which is something weird and should not happen at the same time.
Plus the author is not talking about Bitcoins being the mainstream it might be considered as more of a option when the things go bad therefore I do think there is no point of debate here.

[aoluain]

The vast majority of the worlds population will be in the sinking FIAT boats and a lot of
wealthy people and corporations are waking up to the reality of what is happening to FIAT.

Bitcoin is definitely an option and as far as some might say, the strongest option.
The FIAT boats are sinking and are going to take a lot of wealth with them.

[Lanatsa]

I cannot accept Bitcoin as a Lifeboat. I don't expect even crypto to replace fiat.

But I accept crypto as a doorstep to many (earning) opportunities that don't exist in the fiat world. I'm optimistic but cautious.

I have on the same behavior or belief into myself that even how far we've been able to reach out into this market with Bitcoin or crypto as whole then I don't really still believe

that Bitcoin would able to replace Fiat no matter what.I don't see for it to be happening even on my wildest dreams where I don't see any possibility nor chances.

If we do switches up to digital then it had been started for a while now and I would rather believe that will be the closest option for the entire population to have
but of course to those who are crypto lovers then I cant really blame them off.

[Silberman]

Bitcoin could provide a solution for countries (like Venezuela) that are mired in cash.

In Venezuela, the bolivar might as well not even exist, because it is literally worth less than the paper it’s printed on. The Venezuelan government has been forced to deal with the US Treasury and American sanctions. These sanctions banned any transactions of Venezuelan currency to the US and froze some of the country's assets. The Central Bank of Venezuela has therefore been forced to print notes and coins that are not accepted elsewhere, in order to stay afloat.
All of this could have been avoided had they integrated cryptocurrencies into their economy.

This would have been the best thing for the people of Venezuela but that is not in the best interest for the government and as such it did not happen, we must understand that governments derive a great deal of their power from their fiat currencies and as you may guess it doesn't matter what happens they are going to try to force people to use that fiat currency even if that means that they crash the economy and they sentence millions of people to live in poverty for the rest of their lives.

[yazher]

I cannot accept Bitcoin as a Lifeboat. I don't expect even crypto to replace fiat.

But I accept crypto as a doorstep to many (earning) opportunities that don't exist in the fiat world. I'm optimistic but cautious.

Yeah! maybe that will gonna happen in the future but not today. As we can see we still in the process to spread the knowledge about it and there is a more far concern from that which is most likely ignored by those who are new in this industry. I'm talking about the proper research before investing and the more people know exactly how to use it the more we are getting close to that theory where people can really use bitcoin as a lifeboat whenever their economy is about to sink.

[kuto]

Bitcoin is like Noah's ark for us. The time change, technology change and also people change. From fiat to bitcoin, it will become more and more useful thing but I still believe that bitcoin will not replace fiat currency. There's a lot of things to consider before it will happen if ever.

I agree with your idea, as an add on, bitcoin as a lifeboat simply tells us that it is not permanently be in  its place. It goes up and sometimes down and it will develop more and more. Its connection to others and usefulness to people will also change.It gives us opportunities such as getting new earnings and payments.

[ashmodeus]

well , what a great explaining from him . i never thought every of it can be explained by simple fiat ship and independent lifeboat , but that seems like too much about traitors in our own country. since choice its depend of us, well probably because i am live in the democratic country which mean people have their own choice. To be clear what i get here is the creator want to tell us about can u look about weirdness about bitcoin ? because its time to leave from a comfort zone since its totally screw up right now ,money or fiat have a unlimited supply but backed by their government and bitcoin is a limited but backed by nothing ,for now, just matter of time till bitcoin really consider as a legitimate investment