Bitcoin is more real than money in the Bank

[xSkylarx]

Isn't that stealing?

Yes, it is.

Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.

I wouldn't say real, I would say more valuable. After all, most fiat money is digital, just like Bitcoin. The difference is that Bitcoin has increasing value due to scarcity and fiat decreasing value due to mass printing.

I wouldn't be surprised if some countries ban it, but I think it will happen to them like China when it refused to switch to the gold standard and continued with silver.

True, perhaps a more appropriate word is bitcoin is more valuable than fiat money, maybe because bitcoin can increase in value because of its scarcity, while fiat money is not. But I hope that one day bitcoin is not in the hands of the government, if that happens we can't do everything ourselves and at will.

Agreed, only those groceries or markets that continue to rise in price. The only one that is increasing is the conversion of fiat currency. We all know it will not increase in value, which is why the government is announcing that they will raise the salaries of their employees because that is the only way the money will increase and be able to cope with the market price, which we all know is extremely high. Unlike bitcoin, which continues to rise year after year, this is fantastic.

[Dax Robinson]

In Bitcoin, we can truly control our own money instead of indirectly controlling our own property through other banks. In the Bitcoin system, we can better manage our finances. In banks, there is a central server of the bank to manage your money, but Bitcoin does not have this problem.

[Kong Hey Pakboy]

In Bitcoin, we can truly control our own money instead of indirectly controlling our own property through other banks. In the Bitcoin system, we can better manage our finances. In banks, there is a central server of the bank to manage your money, but Bitcoin does not have this problem.

Well, you're still in control when you're money is in the bank, they're just there for safekeeping of the money. I think the people that thinks that banks are in control of your money are probably bad at finance management. Of course you have more control with bitcoin but I don't think that when it comes to banks, there's no control, probably their kafkaesque paper works but I think that's about it.

[Shasha80]

In Bitcoin, we can truly control our own money instead of indirectly controlling our own property through other banks. In the Bitcoin system, we can better manage our finances. In banks, there is a central server of the bank to manage your money, but Bitcoin does not have this problem.

One of the reasons Bitcoin is starting to attract many people is because we are more free to manage our own finances,  without the need to go
through a third party. In contrast to fiat, which requires third party confirmation such as a bank to make transactions, therefore why the process of
sending funds abroad through banks takes longer than Bitcoin. Another thing is that Bitcoin value can go up if we hold it in a personal wallet,
while keeping money in the bank for a long time will only be affected by inflation. So I prefer Bitcoin to store my funds, instead of keeping it in the bank.

[luckypenguin]

Of course, this is an interesting topic. Relatively recently we discussed it on Bitcoinvn . I don't know how much it is disadvantageous for the government, but it is definitely disadvantageous for the banking system. You can even look at the fact that banks and the government are creating centralized cryptocurrencies. This is a clear sign that they are afraid of becoming unclaimed.

[syedakhlaque]

Bitcoin account is also a bank that has an easy approach to invest, trade, and withdraw. It had no limit of the border, It is a global currency and global trade and business. If all countries of the world implement a good system of taxation combinedly on bitcoin and solve its all legal issue, drawback. It will be a better step for humanity. It will promote the circulation of money and banking.

[carrigan]

maybe what is meant here is more valuable than a stronger currency. Bitcoin is a digital currency so its existence only exists on digital devices, not real currency. but for its own value, bitcoin is fairly large, even being the number 1 coin in the world. if you choose to be a bank at home, bitcoin is very possible, because you can control it yourself without government intervention. plus bitcoin is said to be an anti-inflation tool because it is digital, this certainly strengthens that bitcoin has more value than ordinary money. Although some countries still prohibit the use of bitcoin as a transaction tool, there is nothing wrong if you choose bitcoin to just invest can produce.

[Qirtov]

Yes, right. bitcoin can be more real if you make a bank at home because bitcoin is not controlled by the government but by yourself. especially during a pandemic like this bitcoin is certainly an option for activities at home. bitcoin feels more real than money because bitcoin has more value than money. For example, bitcoin is said to be an anti-inflation tool and we know that if money is easily subject to inflation, this can be one of its plus points.

[Subbir]

Bitcoin is more real and price quite bank money because the value of bitcoin continues to rise but the worth of cash continues to fall, the govt can control it because it sees fit bitcoin are often controlled by anyone. The investor can manage as he wishes the worth of cash will fall further within the future and therefore the value of bitcoin as an alternate method will still rise everyone will increase their use of bitcoin to urge more profit.

[jamkesmas]

Of course, this is an interesting topic. Relatively recently we discussed it on Bitcoinvn . I don't know how much it is disadvantageous for the government, but it is definitely disadvantageous for the banking system. You can even look at the fact that banks and the government are creating centralized cryptocurrencies. This is a clear sign that they are afraid of becoming unclaimed.

Some of them hate bitcoin very much and intend to stop bitcoin adoption among the public, because they realize that if bitcoin adopters grow this will make some people no longer trust the banking system, so they plan to launch their own digital currency (CBDC) that can fully controlled by a central authority to restrain the growth rate of bitcoin and other altcoins.

[awik p]

Of course, this is an interesting topic. Relatively recently we discussed it on Bitcoinvn . I don't know how much it is disadvantageous for the government, but it is definitely disadvantageous for the banking system. You can even look at the fact that banks and the government are creating centralized cryptocurrencies. This is a clear sign that they are afraid of becoming unclaimed.

Some of them hate bitcoin very much and intend to stop bitcoin adoption among the public, because they realize that if bitcoin adopters grow this will make some people no longer trust the banking system, so they plan to launch their own digital currency (CBDC) that can fully controlled by a central authority to restrain the growth rate of bitcoin and other altcoins.

despite the lack of bitcoin, I see them as if they are blocking bitcoin because they are afraid of their current safe position, and because the government has the power so with their strength they are still able to hold bitcoin to achieve its basic goals. until eventually bitcoin can be used as an alternative payment, although with a note. but as time goes by i think btc will eventually get to its destination

[haasanjui]

Bitcoin is not real than money but it is more valuable than money because it is modern world and new digital currency is introduced called crypto and Bitcoin is more valuable than money in this time. If you store money in bank it not gives you profit but in Bitcoin you can invest and earn profit by trade it.

[Mamun74]

Bitcoin is more real than money in the bank bcoz it’s more valuable than money.Bitcoin is a digital currency to introduced crypto and bitcoin most valuable than money right now. If you trading or holding bitcoin it can make profit in future.

[ven7net]

Few years after forcing everyone to take their gold to the bank, the US president, Nixon in 1971 stopped everyone from having the right to convert their gold to fiat. Isn't that stealing? Government resent bitcoin because they can't control it like they did in 1971. Very soon, it will be illegal to own bitcoin in some countries, not because bitcoin is bad, but because bitcoin gives you the power to own your money. Bitcoin is more real than your money in the bank. Be your own bank by investing and learning about bitcoin.

https://www.federalreservehistory.org/essays/gold-convertibility-ends

Well, I don't even know. Real money is that money or funds that you can hold in your hands and can exchange them for relevant goods and services. As for the same dollars, at the moment they can also be held in hand and can be exchanged for goods and services, so this comparison is probably a little wrong. Perhaps you meant something else, namely the trust and value of funds, in this case BTC, then it looks more like the truth, since trust in the dollar example is now falling in the world, and trust in cryptocurrencies and BTC is growing.

[herurist]

Some of them hate bitcoin very much and intend to stop bitcoin adoption among the public, because they realize that if bitcoin adopters grow this will make some people no longer trust the banking system, so they plan to launch their own digital currency (CBDC) that can fully controlled by a central authority to restrain the growth rate of bitcoin and other altcoins.

CBDC only applies to China and for other countries they haven't decided yet and are just planning.
even if it starts there will probably be repercussions whether it's serious or not. but what I want to emphasize is that even if CDBC is inaugurated will there be any guarantee for people to switch to it? because in terms of profit I don't think it's comparable to bitcoin.
and this is just a trick of the government in smoothing out their plans which I think there is something behind it

[Tahsin Kabir Kollol]

Analyzing between cryptocurrency and conventional currency at the present time it can be said that Bitcoin is more real than money in the Bank. The government controls a country's economy through conventional monetary and banking systems and intervenes in various matters. The money of the people kept in the government bank through the banking system is income tax and other through various laws revenue income is deducted. In addition, inflation reduces the purchasing power of money, which is not the case with Bitcoin. As Bitcoin is a decentralized cryptocurrency, the government cannot control it, so the government cannot use it against the will of the people if it wants to.

[Sweetbtc]

Yes absolutely right. I am living in country where only 10% gold of total fiat is present. If all people of my country want to exchange fiat for gold, Government cannot give them.
While in btc every person have full power over it and fully secure in wallet. Even his brother cannot find or check his btc.
Btc is fully decentralize money which is more secure than bank but Government not like it because they will not be able then to get tax from people.

[South Park]

maybe it would be too much to conclude that bitcoin is more real than money in the bank because at this time bitcoin also still has many shortcomings that have not reached the same point as real money, maybe because there are several factors such as bitcoin has not been fully adopted by the people many and also bitcoin is currently still widely banned from various countries in the world. but we are also optimistic that bitcoin will be able to match real money

If we take a look at the characteristics of bitcoin against fiat, bitcoin has been better than fiat from day one, the ability to make transactions all over the world with a form of money that cannot be confiscated and printed at will while at the same time is electronic in its nature is a huge step forward, it is not an exaggeration to say that bitcoin is probably the biggest step forward when it comes to money during the last one thousand years, so I understand why the OP thinks bitcoin is more real than the money you have in your bank account.

[adzino]

Bitcoin account is also a bank that has an easy approach to invest, trade, and withdraw. It had no limit of the border, It is a global currency and global trade and business. If all countries of the world implement a good system of taxation combinedly on bitcoin and solve its all legal issue, drawback. It will be a better step for humanity. It will promote the circulation of money and banking.

What do you mean by a "bitcoin account"? There is no such thing as a bitcoin account. If you are talking about a wallet, no bitcoin wallets are not a bank account. If you tried to learn about bitcoin, you would have already known that. Your coins aren't stored on your wallet. It is stored on the bitcoin network (blockchain) and you used your wallet (private keys) to access them. By bitcoin account, if you mean an exchange, then stop using an exchange as an wallet. Invest, trade and then withdraw to an external wallet where you control the private keys. And no, we don't want a "globally combined taxation" system.

[jrrsparkles]

Yes absolutely right. I am living in country where only 10% gold of total fiat is present. If all people of my country want to exchange fiat for gold, Government cannot give them.
While in btc every person have full power over it and fully secure in wallet. Even his brother cannot find or check his btc.
Btc is fully decentralize money which is more secure than bank but Government not like it because they will not be able then to get tax from people.

Monetary policy changed a long way back, so governments are not considering gold as their only reserve funds which gave the freedom of printing as much as they want and only few people who are in power knows how much money is actually getting printed.