Bitcoin is more real than money in the Bank

[Rufsilf]

for now we do not dare to conclude.that because bitcoin has not been.widely used or adopted.by the public.so we do not dare to conclude.that bitcoin is better than money in the bank but if this has been.realized in the future with the widespread.adoption of bitcoin then it is not impossible that bitcoin is more real than money in the bank

We can already conclude it because we can now alteast attest or make a conclusion from it for what we've experienced since we invested in bitcoin. So yes, we can answer that question on our own now on which is more real even if it's not yet adopted in other countries or widely used by public.
IMO, bitcoin is much more real because now we have our own free will and liberty to be our own bank with no one is there questioning every step we make to our very own money. While having your money in the bank is somehow tiresome nowadays as they keep on watching us more and questioning us more. That money we put in the bank is considered as dead money waiting on when to be wasted.

[Quidat]

for now we have not dared to conclude that because bitcoin still has not received recognition from various countries because today we cannot be sure that bitcoin is better than money in the bank, even though it is almost similar but many people do not believe it with this policy, but if the adoption of bitcoin has been realized, it is not impossible for us to say or argue that bitcoin will be better than money in the bank

Being optimistic isnt bad but you should really consider out on how fiat do serve its purpose when it comes to those typical transactions we do have.Yes, crypto is gaining some momentum now
but wont really be enough on taking up fiat into its position.We do still need this one and majority of people would still trust up fiat no matter what.
Bitcoin is a good option and lets not really think that it could easily replaced nor make fiat would be erased into existence.

[LUCKMCFLY]

For me, Fiat money and BTC represent money, and I do not see any reason to conform them and say which is better and which is not, like gold are different representations of money, which, for me, all are welcome. Money in the bank cannot give better benefits than BTC, BTC gives long-term profits, while long-term money in a bank does not give profits even 24% per year, on the other hand, BTC profits can be higher than 100% same if the movement occurs.

There's no need to compare as they serve on a different purpose, both have their strenght and weakness depending on how people sees it. As we all know, bitcoin is a volatile asset, it's not good for payment system if we are not educated on how to manage the risk, while the Fiat althoughnot volatile, but saving it for long term would also give us a risk of getting a lower value of your money due to high inflation.

You are right, which suggests that for me BTC or crypto has much more value than FIAT money, at least the local FIAT money in my country is a free fall, so much so that I could not calculate how much it goes down each day. Due to this, BTC will always be a good option to have it lower in price because when compared with the local currency it is still very high, but when compared to a strong currency, such as USD or Eur, the whole concept changes, although for The global economic bubble has not burst due to the Covid-19 problem, which has caused financial markets to decline in terms of their potential for development or crash.

[Monochroic]

Whenever bitcoin starts showing some upward movement, people start believing that it will replace fiat currency and even that it is a better option for all. I mean how someone can even think of that when not even half of the world’s population knows about bitcoin. Be it lack of technology or lack of money, bitcoin can never replace fiat currency.

Additionally, no government would like to lose control of the financial system of its country and so, fiat currency will always be there. What can be even worse is central governments taking control of crypto transactions.

[Cryptomind0029]

I think the DOG$ token will give a minimum of x10, that's the minimum. So my opinion is to buy DOG$ tokens from IEO if possible, we'll fly to the moon.


I watched the presentation of the DOG$ project. I can say that it is of very high quality, I am personally interested. I am waiting for the second phase of IEO and of course, I will buy tokens.

[Juse14]

actually, why government dont like bitcoin because it can't traceable, and they will monitoring us about money circulation. and every country that reject and denied bitcoin will regret in the future because i think bitcoin will be the new currency in the future

But how long will it take to make it happen, whereas now many countries have doubts and even reject bitcoin. It is true, it is not impossible for bitcoin to become a new currency in the future. What is bitcoin trying to do?

[pareshnakar]

Because day by day bitcoin value growing very fast and we all know bitcoin is a worldwide coin so bitcoin is more real than money in the bank.

[HUSTLER]

indeed this comparison is not a suitable answer to give a statement that bitcoin is more real, because this is only crypto but in terms of security it is very appropriate to admit that crypto has a very relatively high level of security compared to bank storage, because of this more stringent in terms of security, if the bank is very easy to break by evil people who intend to harm the user

[dificanovi]

Yes, what you say is true, we have full rights to the Bitcoins that we own and there is no interference from others. The government is trying to prevent people from owning bitcoin so that people use fiat money that they can control. But on the downside there is also that the government cannot control Bitcoin so criminals are difficult to track if they make transactions using Bitcoin. This also makes me dizzy because there is a good side and there is also a bad side, the government should only be able to monitor criminal acts that occur in every transaction but the government can't control Bitcoin, can this happen in the future?
but I hope that's what will happen in the future

[ubg]

banks have applied sanctions on me, because I swapped 15k eur to crypto for a mate. I had no documents for that money so they decided to cap my monthly gross transfers to 4k eur. I cannot transfer more than 4k eur a month now. Bitcoin does not do that.

[panukurap]

It is true that Bitcoin gives us freedom in the monetary system. Neither the government nor the state can interfere in it. We alone will determine what, who, why and how Bitcoin will be managed. Truly a pleasant experience in the financial system. Bitcoin is very suitable to be used as an investment now and in the future. It seems that Bitcoin can last as long as it is now since a few years ago Bitcoin still survives and has a better performance.

[riso2015]

bitcoin is more real than banks, I dare not say bitcoin is more real than banks, because I still live in a country that still enforces a strict ban on bitcoin, indeed the government in my country does not prohibit its citizens from adopting bitcoin, and conducting bitcoin transactions, but the government in my country strictly forbids bitcoin as a currency, and is used as a medium of exchange,, in contrast to those of you who live in countries that have legalized bitcoin and have accepted bitcoin as a legal tender, so you can say bitcoin is more real than banks, because You can make transactions yourself without any intermediary parties.

[Abiky]

You are right, which suggests that for me BTC or crypto has much more value than FIAT money, at least the local FIAT money in my country is a free fall, so much so that I could not calculate how much it goes down each day. Due to this, BTC will always be a good option to have it lower in price because when compared with the local currency it is still very high, but when compared to a strong currency, such as USD or Eur, the whole concept changes, although for The global economic bubble has not burst due to the Covid-19 problem, which has caused financial markets to decline in terms of their potential for development or crash.

Bitcoin will always be more valuable than Fiat, simply because of the way it was designed. It's a deflationary cryptocurrency whose reward will diminish over time. Not like Fiat where banks continuously print money to manipulate the economy to their own will. This creates inflation, effectively reducing people's purchasing power as a whole.

Considering that no one can change or manipulate Bitcoin's supply, we can say that Bitcoin is more real than money in the bank. But it needs time to mature, as the world is not ready yet for a cashless society. We're still in the early days of crypto/Blockchain tech adoption, as many things are yet to be discovered and improved. Banks won't be going anywhere, so it's likely that crypto will live alongside the existing banking system for generations. As long as decentralization prevails, nothing else matters. Just my opinion

[HUSTLER]

Sad truth, the government just want everything under their control, such a set of greedy people always in search of power, this is pure stealing trying to take charge of people's property because they got the power to get things done even tho it's wrong, this more reason most government kicks against bitcoin, because it gives users full ownership and control of their asset. Bitcoin is more better than fiat because your bitcoin works for you while you work for fiat, I just hope u understand that.

[Russlenat]

Sad truth, the government just want everything under their control, such a set of greedy people always in search of power, this is pure stealing trying to take charge of people's property because they got the power to get things done even tho it's wrong, this more reason most government kicks against bitcoin, because it gives users full ownership and control of their asset. Bitcoin is more better than fiat because your bitcoin works for you while you work for fiat, I just hope u understand that.

We voted for that government we are talking about, it's only sad if they are corrupt but if they are doing their job for the interest of the majority, then there's nothing to complain about. Crypto on the other hand is not perfect also, we want decentralization and anonymity? yes, we can have it but does it guarantee that it will be safe for everyone? of course not.

[Agbe]

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

Let me give you the historical background of Nigeria natural resources that has a link (the same history) with your story. When the Portuguese came to Nigeria in the year 1384, they stayed briefly and left later British rediscovered Nigeria in 1438 or there about  and they had treaties with the local chiefs. And other world powers discovered the natural resources in the country, they were about to fight with British businessmen in the region, so Bismarck called for a conference in 1884 to 1885 to scramble ( partition) Africa to the world powers. And they did it. And British government took only 4 Countries plus Nigeria. In 1900, British government came to Nigeria to rule them fully and extract the natural resources to feed their (British) industries which they succeeded. In 1960, when British government was leaving the mantle of leadership to local people, they planted a seed that everything that Nigeria has is own by the government. Such as:
1. Land
2. Air
3. Rivers
4. Seas

So when Crude oil was discovered in the Niger Delta Nigerian Government claim it and take over it from the indigenes. But when Gold was found at the northern part of the country, the federal government did not go and claim it. These are physical resources that government can manipulate to favour themselves. And I believe almost all governments have this kind of mindset to oppress a set of people in their countries. But when it comes to Bitcoin the governments can't control it because it is a decentralized system that own by everyone and no one. Most Countries were trying to control it to favour themselves but no way so it let to ban and others.

Therefore, president, Nixon in 1971 was trying to stopped the people from exchanging their GOLD to the Fiat currency was a personal interest. They can't try that with Bitcoin.

[Bushdark]

I think Bitcoin or the general cryptocurrency is at the final stage of money. Money had revolved from different phases for the convinient transaction of goods and services. Money had moved from the normal trade by barter to metals like gold, silver etc. It get to paper money and now it is in another wonderful phase known as the digital money, cryptocurrency. Many persons may be castigating it just like the way precious metals form of money was first castigated. Bitcoin is here to stay.

[suryana]

for now we have not dared to state that bitcoin is more real than money in a bank because there are several factors that influence this, one of which is the bitcoin procurement process that has not been carried out thoroughly in various countries.but in terms of storage we should admit that bitcoin also has a high level of its own security that is almost like saving money in a bank, but if the adoption process has been widely defined by various groups then it is not impossible that bitcoin is better than money in the bank

[mildmanneredsuffering]

bitcoin is worth a fuckton less than 12 months ago. Its purchasing power is even more horrid over the last 12 months.

bitcoin doesnt exist only unspent tx outputs. in fact there is no such thing as A bitcoin, there is only the bitcoin ledger and utxos

[mildmanneredsuffering]

while the us money supply increased at record levels during 2021 until today,
bitcoin had even more supply increase than the dollar.

How is that possible in a fixed supply rapidly growing economic network?
 Its not.

therefore the math is clear.
the numbers do not lie.

there is more than 1 ledger at play. e

njoy