Bitcoin is more real than money in the Bank

[iTradeChips]

I definitely agree, that Bitcoin has empowered many small investors into making lots and giving real value to money hard earned. That is why the opposition against Bitcoin is so high that many of them resort to tactics that are so demeaning and somewhat desperate if you are going to look at it. Also countries banning Bitcoin are in reality cashing in on the hype. So that they could release their own digital currencies, and compete with Bitcoin. Despite the opposition, there is still hope in all of this.

[wemakereview]

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

Agree. Bitcoin is real and gives us freedom! However, I think bitcoin won't be illegal in countries, because a large number of people is dealing with it. Some governments are accepting bitcoin and others should follow them.

[Aurorra]

Bitcoin is decentralized, and it will not be controlled by anyone. Bitcoin is controlled by all users, and no one or organization can change it. Bitcoin allows users to truly control their own assets, rather than indirectly through the bank's control, so that users can truly achieve freedom and ensure the inviolability of private property.

[rizqoAD]

Of course Bitcoin is more real than your money in the bank, fiat money stored in the bank does not provide any profit to the owner because the money actually belongs to the bank and is controlled by the bank, if we want to withdraw all our money then the bank will make it difficult for you not to withdraw. Basically the bank has no paper money and little gold reserves there are only controlled digital numbers. Unlike Bitcoin which has a blockchain that cannot be created or forged, it is limited in number and its value continues to increase every year.

[dataispower]

Bitcoin is not more real than money, bitcoin have it way of popularity and influential, and money has it too both are working together in one direction, both many citizens especially people living in a place whereby cryptocurrency has dominate the environment is only one putting clause that bitcoin have influence over money, some individuals money's in the bank is really working to bring another money, because when it is place as a fixed deposit in the bank and it yields interest yearly for return, is not at progressive point, money have been established and been existing for long time and it can not use to compare to bitcoin, because without Fiat Money bitcoin will not have a value.

[witcher_sense]

Of course Bitcoin is more real than your money in the bank, fiat money stored in the bank does not provide any profit to the owner because the money actually belongs to the bank and is controlled by the bank, if we want to withdraw all our money then the bank will make it difficult for you not to withdraw. Basically the bank has no paper money and little gold reserves there are only controlled digital numbers. Unlike Bitcoin which has a blockchain that cannot be created or forged, it is limited in number and its value continues to increase every year.

Money per se is not supposed to provide any profit to the owner, money is supposed to be used to acquire consumer goods, capital goods, services. In short, it should be used in exchanges that may later turn to be profitable for the people making these exchanges. Banks, like any other individual or business, use the money to acquire something for themselves. For example, they lend money out in order to receive more of it in the future. However, the problem is, unlike individuals or businesses, banks don't take any risk doing their business because if something goes wrong, they will be bailed out by central banks printing more money. As we know, bitcoin cannot be printed at will, so if banks started doing their business with bitcoin instead of paper money and digits, they are going to be careful with people's savings.

[Reatim]

Of course Bitcoin is more real than your money in the bank, fiat money stored in the bank does not provide any profit to the owner because the money actually belongs to the bank and is controlled by the bank, if we want to withdraw all our money then the bank will make it difficult for you not to withdraw. Basically the bank has no paper money and little gold reserves there are only controlled digital numbers. Unlike Bitcoin which has a blockchain that cannot be created or forged, it is limited in number and its value continues to increase every year.

that is the reason why we are in this world now because we are one of those who did not cater Baking style.

Using our Money for them to gain more and more while we are given a peanut interest per Annum .

Stop using banks for our investments , just keep safe some amount if you are not 100% certain in crypto but make sure to put more in here than in banks..

[buwaytress]

You are absolutely right. The BTC coins that people keep on centralized exchanges or payment systems like PayPal are just CFDs, not real bitcoins. If ever a new "Nixon" is actually elected and decides to confiscate the crypto assets of all citizens, these companies will be forced to freeze funds deposited in their client's accounts because legal entities are obliged to comply with the law of his country.

I do not know exactly how "obedient" citizens can resist such aggressive activities of the authorities. The only way is to store at least half of own crypto assets on cold wallets and of course, not declare them as your property. Unlike Bitcoin, gold as a material substance can be easily seized.


To answer the topic, Bitcoin is no more real than money in the bank. Nowadays both are considered finances. Fiat money is backed by the central bank of the national government. Bitcoin has no borders and is supported by the international community. In my opinion, BTC is generally more transparent and reliable because fiat money often has an inflationary model.

I think in the context of the discussions earlier, it's pretty clear it's not so much about what's reality, but what's actual for the consumer/user.

We can talk all day about what's backing the nothingness in bank accounts, and what other things back Bitcoin -- some prefer the other, I personally prefer to back both -- but at the end of the day, it's hard to argue that having sole access to Bitcoin private keys is the only objectively provable actual ownership to money.

Money in the bank? Depending on the money, the bank, and the state governing the bank, you will have varying levels of probability, hence, varying levels of how real that money was, is, and will be for the consumer.

[Vaskiy]

Of course Bitcoin is more real than your money in the bank, fiat money stored in the bank does not provide any profit to the owner because the money actually belongs to the bank and is controlled by the bank, if we want to withdraw all our money then the bank will make it difficult for you not to withdraw. Basically the bank has no paper money and little gold reserves there are only controlled digital numbers. Unlike Bitcoin which has a blockchain that cannot be created or forged, it is limited in number and its value continues to increase every year.

that is the reason why we are in this world now because we are one of those who did not cater Baking style.

Using our Money for them to gain more and more while we are given a peanut interest per Annum .

Stop using banks for our investments , just keep safe some amount if you are not 100% certain in crypto but make sure to put more in here than in banks..

Banks play a major role in a country's infrastructure development. Banks always make money out of people's money. Using banks for investment is not much preferred. These days people are much into cryptocurrency investment looking upon the profit it provides compared to the investment on banks. Till date it is quite evident to see a big list of failed banks. With cryptocurrency the lack of understanding about the market have caused people to loss.

[syntac]

Yes, what you say is a fact that is covered up by banks and many people don't care. Actually bitcoin is more valuable than fiat because the government cannot control Bitcoin.
In fact fiat is real magic, the real treasure is gold, because gold can maintain a value, and now bitcoin can replace gold because its value is so high and can be easily moved.

[DarkDays]

Of course Bitcoin is more real than your money in the bank, fiat money stored in the bank does not provide any profit to the owner because the money actually belongs to the bank and is controlled by the bank, if we want to withdraw all our money then the bank will make it difficult for you not to withdraw. Basically the bank has no paper money and little gold reserves there are only controlled digital numbers. Unlike Bitcoin which has a blockchain that cannot be created or forged, it is limited in number and its value continues to increase every year.

Money per se is not supposed to provide any profit to the owner, money is supposed to be used to acquire consumer goods, capital goods, services. In short, it should be used in exchanges that may later turn to be profitable for the people making these exchanges.

Bitcoin goes that extra mile because unlike fiat it acts as both a value preservation assets as well as a expendable currency with daily economic utilisation. Fiat is just a mean for buying consumer goods, it is not great for saving.

Banks offer paper money with unlimited supply, at least Bitcoin has a limited supply that is transparent and encrypted so its circulating supply never comes as a surprise. For these reasons, which are very economically vital Bitcoin is better than the fiat banks can provide.

[milewilda]

Yes, what you say is a fact that is covered up by banks and many people don't care. Actually bitcoin is more valuable than fiat because the government cannot control Bitcoin.
In fact fiat is real magic, the real treasure is gold, because gold can maintain a value, and now bitcoin can replace gold because its value is so high and can be easily moved.

Then how you do consider that bitcoin did get its value on fiat? You couldnt say that fiat is totally worthless or bitcoin is totally valuable but to think on where it do get its value from which we could really say that it isnt really that totally precise if we do really trying to make out some comparison
between fiat and Bitcoin but we should put up into consideration that fiat does have its own purpose and same goes with bitcoin or the entire
crypto market.

[haasanjui]

Yes it is more real then money in the bank it is best coin for invest and trade to earn. Bitcoin is digital coin it is used as a payment asset in many countries. You not need to convert currencies. It is used for every where.

[Tigerheart3026]

For me, yes, especially when I make large purchases using btc

The presence of bitcoin makes it easy for anyone to transact, a high security system makes us never worry about bitcoin, of course this will make the influence of fiat continue to decrease and I hope many e-commerce companies accept bitcoin.

the government wants everything under their control at any cost btw they can not control bitcoin in any way
so the government worry to legalize and accept bitcoin,
btw in their hand nothing to do stop it use, many e-commerce and shops accepted bitcoin.

[gloriamartin]

I would say that there are many developing and underdeveloped countries that can’t afford to mine Bitcoin and completely ignore the fiat currency. So, yes, fiat does have its own value and so does Bitcoin, but the comparison between them is very tough.

[dvndr007]

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

Why are we competing bitcoin is not available that time we should not forget. According to that time what's best govt. did it, now we should work together and only best way to integrate latest reliable technologies to improve system with time.
   

[nicolerichardson]

Not for all, obviously. There are still a lot of people in the world who hardly know about bitcoin; using it is a far cry for them.

[Rufsilf]

Of course Bitcoin is more real than your money in the bank, fiat money stored in the bank does not provide any profit to the owner because the money actually belongs to the bank and is controlled by the bank, if we want to withdraw all our money then the bank will make it difficult for you not to withdraw. Basically the bank has no paper money and little gold reserves there are only controlled digital numbers. Unlike Bitcoin which has a blockchain that cannot be created or forged, it is limited in number and its value continues to increase every year.

that is the reason why we are in this world now because we are one of those who did not cater Baking style.

Using our Money for them to gain more and more while we are given a peanut interest per Annum .

Stop using banks for our investments , just keep safe some amount if you are not 100% certain in crypto but make sure to put more in here than in banks..

Banks play a major role in a country's infrastructure development. Banks always make money out of people's money. Using banks for investment is not much preferred. These days people are much into cryptocurrency investment looking upon the profit it provides compared to the investment on banks. Till date it is quite evident to see a big list of failed banks. With cryptocurrency the lack of understanding about the market have caused people to loss.

Infrastracture development but to their own profits and needs, but when exactly does banks does what peoples needs out of profits?
As we can see, banks nowadays are trying hard to gain the people's trust due to bitcoins popularity. Banks aren't so important anymore to other people especially to the one's who prefer bitcoin more. That's why they are always extending their hands for more services and options about crypto matter.

[worldofcoins]

Bitcoin is getting more and more popular day by day and just because of its wide acceptability it got more importance than fiat currency. The market trend is also in the favor of bitcoin. People are more interested to invest in bitcoin rather than fiat currency. I guess in the future it may get a status in local banks as well. Which may lead it to become more popular as compared to the current ERA.

[Wipeout2097]

Bitcoin is enormous transformation within the budgetary era,Now bcome an inventive computerized money that's ended up well known with pioneer money, businesses and financial specialists around the world, as it's unrivaled in its decentralization, open records and capacity to encourage deceentralization budgetary exchanges without going through a bank or installment processor. Bitcoin is in its earliest stages but numerous accept this cryptocurrency will in the long run supplant paper money. A number of governments need to screen the lawfulness of advanced money, and guarantee that such monetary forms are not utilized for extortion, cash washing, or fear monger financing. It is improbable that bitcoin will be illicit in numerous nations, but beneath a few circumstances it may in a few in reverse ones, where individual opportunities are as of now confined besides. All things considered, most nations will certainly need to screen out the trading tranaction to make it legal tender.