No Alternative to Bitcoin, Your Alternative is Bitcoin.

[wxa7115]

Bitcoin is for everyone but if people don't want to use it, let them be. Especially the elderly who are less ready to accept Bitcoin. The younger have more interest in Bitcoin and new technologies, they are current and future Bitcoin adopters.

Nothing is ever for everyone, no matter what, and Bitcoin isn't an exception no matter how we want to push it into mass acceptance. If just 10% of the world population embraces Bitcoin it's still a huge plus. Like you indicated in your second sentence, we don't have to coerce anyone into it. That's why my earlier post negates the idea of Bitcoin being the only option. There are several alternatives in every industry and in life too.

We only have control over our own finances, if some people think that bitcoin is a scam or simply do not like bitcoin for some reason they are free to think whatever they want and refuse to use bitcoin.

They are the ones which will suffer the consequences of not adopting bitcoin when its price is still reasonable, and while some of those people do like bitcoin but they are afraid of the volatility they can always adopt bitcoin in the future once most of its growth potential is realized already and its volatility is lower than what we see now.

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[nullama]

~snip~
It is true that bitcoin has an advantage over fiat in this case but just like fiat to transfer money, both require a bank account and so does bitcoin.
If your loved one doesn't have a bitcoin wallet and doesn't know how to use bitcoin, how will you transfer money to them?

Nowadays, I've never seen a bank that doesn't offer cross-border money transfers, most banking systems are interconnected, which not only creates convenience for users, but also benefits them. As well as you mentioned when you use those services you have to pay extra for them which is something that has been perfectly fixed by bitcoin. With bitcoin, we will save time and only cost a single fee.

Well you can always teach them how to do it, or someone local to them can teach them or they can use another family member or friend's wallet, etc. It's simpler to create a bitcoin wallet that a bank account and there are way less requirements(only an internet connected device for sending and skills to use it).

Newer banks that are online only and provide higher savings rates sometimes don't offer international transfers services for example. A typical brick and mortar bank usually does offer those services for a fee, only on week days though...

[Memorabilia]

Bitcoin is unrivalled in the market. Despite the fact that bitcoin is experiencing a downturn, it has secured a place in the market and has the potential to rule in the future.

[BlackZeus93]

I remember when I posted about an ALT coin ("crypto") in 2019. Man, glad I went 100% into Bitcoin. 2024 halving is going to be epic. Bitcoin inflation rate will be much lower than Gold.

[Yatsan]

One limitation is volatility in which most of non-crypto users are not yet still ready of. Think of this;, if the price of goods in the market is fiat based $20 it will be bought as .0012 in BTC. Whenever the market price is on uptrend .0012 BTC would also  be bigger. In short there will be unequal or unorganized market price IF governments would adapt to this technology while everything is still fiat based. This would only work if Prices of the things we are buying on a daily basis is on Btc already. To those countries who adapted cryptocurrencies, they are just using third party applications but not totally crypto-based. These are also limitations at the present.

[bhooscream]

Why still hesitating about bitcoin when others were jubilating for it adoption in making difference, i have three facts to make you change your decision and start investing with this period while it is still on the bear mode just for you to set in for an opportunity.

Bitcoin is Bitcoin. Even altcoins that always ay that their technology and concept are much better than Bitcoin, are still altcoins, not Bitcoin, and will never beat Bitcoin. Simply.

We can find so many people hesitate and hate Bitcoin with its weakness. But they never consider about the strengths and advantages of Bitcoin itself. Judging one thing only from one side is not wise. That is why we must be smarter to think what Bitcoin can do for us. and in fact, Bitcoin does many things for us as long as we open it and we trust in Bitcoin itself.

[GreatArkansas]

Why still hesitating about bitcoin when others were jubilating for it adoption in making difference, i have three facts to make you change your decision and start investing with this period while it is still on the bear mode just for you to set in for an opportunity.

I believe that these people, especially for those people who are still looking other alternative for Bitcoin are those people who felt they already late on Bitcoin, which on their mind is only investment or greediness, for sure they only here for money, like they are telling "I'm too late already to buy Bitcoin".
Most of these people don't know how Bitcoin works or what Bitcoin can do.

[Adbitco]

Actually bitcoin is being driven by news and at this point those who keep spreading false news might likely give a presentation to represent the max adoption which in returns creates tension and makes it arguably by people around to easily adopt it as a means of investment due to the it's rise and falls news that is being misrepresented via influencers or content & blogs creators including news lines (TV news channels). If all this could be put outside I believe the world at large would maximally adopt it as a means of investment also as an exchange of good and services.

[RealMalatesta]

you can always teach them how to do it, or someone local to them can teach them or they can use another family member or friend's wallet, etc. It's simpler to create a bitcoin wallet that a bank account and there are way less requirements(only an internet connected device for sending and skills to use it).

Newer banks that are online only and provide higher savings rates sometimes don't offer international transfers services for example. A typical brick and mortar bank usually does offer those services for a fee, only on week days though...

I do use an online bank and it's quite easy, I am not going to bash them just because I love bitcoin, they are doing a better job than the traditional banks that I used before them which shows that anything digital could be better. They have a lot less fee's, most things are free, so it is really a good feeling to not being robbed by the banks.

However, even with that in mind I agree that bitcoin is easier to use if you know how to, it is just that there is no turning back if you send money to a wrong address, that is the key difficulty here and that is why I am not sure if it would be ease of mind, easy for tech, but not easy to minds of many people who may worry about sending to wrong place.

[Ojima-ojo]

People are hesitating because that's what they hear from other people. Those who have never seen a logarithmic rainbow chart in their life and still say "Bitcoin will go to zero because of XYZ" surprisingly have a lot of people who believe them, probably because those people can't be bothered to do any research today to avoid "If only I invested in 2022" feelings later.

Stereo-typed knowledge about bitcoin have been the major setback to bitcoin adoption among a large percentage of people, who should have ordinarily taken the time to search out for knowledge about Bitcoin and it many advantages.
We have a high wave of misinformation among newbies and most of them are in for the short-term gain without knowing how things work around here. I am all in for Bitcoin this time and not giving any interest to altcoin because of centralization, I am more comfortable with proof of work than the centralized proof of stake.

[Wakate]

I remember when I posted about an ALT coin ("crypto") in 2019. Man, glad I went 100% into Bitcoin. 2024 halving is going to be epic. Bitcoin inflation rate will be much lower than Gold.

You know we still have like two years coming which is going to be massive. I think now is the best time to take a look at investing in Bitcoin if we have left over fund that is not in use for now. Investment is sweet when there is enough patience because the rewards will be big and more profitable.
 Since the market is not too clear now, bigger opportunities is knocking at our doors to take the bold step and go in because the time or harvesting comes, many will ask many questions why they never took the opportunity seriously. Knowing about Bitcoin is a big pleasure to me...I am one step ahead!

[Vaskiy]

Actually bitcoin is being driven by news and at this point those who keep spreading false news might likely give a presentation to represent the max adoption which in returns creates tension and makes it arguably by people around to easily adopt it as a means of investment due to the it's rise and falls news that is being misrepresented via influencers or content & blogs creators including news lines (TV news channels). If all this could be put outside I believe the world at large would maximally adopt it as a means of investment also as an exchange of good and services.

In the past we don't have much of sources to receive information associated with cryptocurrency. Now things have changed. During those days spreading fud is an easy task, now people are well aware. Maybe the newbies gets trapped, if they've entered the market of being rich overnight through bitcoin investment.

The increasing real-time usage shows the real progressive move of bitcoin. And for any reason it strong, if the users doesn't get panic for negative news about it.

[noorman0]

The reasons you shared aren't valid really. Governments and banks calling bitcoin "an asset" or "regulated financial services" (whatever that means!) is not something you can be happy about, adopting bitcoin as a currency is which is not something any of them are doing (except El Salvador, etc.).

An inescapable fact, people will only believe it if the regulatory agencies start talking. I think government institutions have indoctrinated too much of the advantages of a centralized financial system to generation Z, although basically bitcoin offers more than that as built-in advantages if they look deeper into its fundamental principles.

[alexandr1115]

No! There are alternatives! And these include alternative cryptocurrencies or tokens! Sometimes alternative cryptocurrencies can show much greater growth. in any case, when bitcoin falls, someone pours their bitcoins into alternative coins or tokens. Therefore, alternative cryptocurrencies are also worth paying attention to!

[noormcs5]

Bitcoin is for everyone but if people don't want to use it, let them be. Especially the elderly who are less ready to accept Bitcoin. The younger have more interest in Bitcoin and new technologies, they are current and future Bitcoin adopters.

Nothing is ever for everyone, no matter what, and Bitcoin isn't an exception no matter how we want to push it into mass acceptance. If just 10% of the world population embraces Bitcoin it's still a huge plus. Like you indicated in your second sentence, we don't have to coerce anyone into it. That's why my earlier post negates the idea of Bitcoin being the only option. There are several alternatives in every industry and in life too.

We only have control over our own finances, if some people think that bitcoin is a scam or simply do not like bitcoin for some reason they are free to think whatever they want and refuse to use bitcoin.

They are the ones which will suffer the consequences of not adopting bitcoin when its price is still reasonable, and while some of those people do like bitcoin but they are afraid of the volatility they can always adopt bitcoin in the future once most of its growth potential is realized already and its volatility is lower than what we see now.

I would like to point out that there are some new comers in the bitcoin market, who consider altcoins and bitcoin the same thing. Since both of them are covered under the cryptocurrencies they think that if they can buy any altcoin which is cheap they will still be able to make good money out of it in the long run.

Well this maybe right in some cases but this is also very risky. Bitcoin is one of its own type and there is no alternative to it. This should be understood by all the crypto investors and they should invest 60% of their portfolio in bitcoins.

[crunck]

No! There are alternatives! And these include alternative cryptocurrencies or tokens! Sometimes alternative cryptocurrencies can show much greater growth. in any case, when bitcoin falls, someone pours their bitcoins into alternative coins or tokens. Therefore, alternative cryptocurrencies are also worth paying attention to!

Likewise, altcoins can also be investments that can yield even greater returns than bitcoin. But choosing which altcoin to invest in is extremely difficult, so many people think that altcoins are scams and do not bring any profit. We should not be too conservative or rigid, we are here for profit so let's invest in any project as long as it can be profitable for us. Bitcoin is good but altcoins are not so bad either.

[Zanab247]

Thank God that educated people that know how important Bitcoin is to a nation are taking over some position in the parliament to stand for bitcoiners and to approve all the necessary things bitcoiners need to be happy with their transaction in the country. Since El Salvador and other countries has made it legal in their countries, and many good news are coming from those countries that value digital currency in their countries because it has added more value to their economy.

[coolcoinz]

No! There are alternatives! And these include alternative cryptocurrencies or tokens! Sometimes alternative cryptocurrencies can show much greater growth. in any case, when bitcoin falls, someone pours their bitcoins into alternative coins or tokens. Therefore, alternative cryptocurrencies are also worth paying attention to!

Oh, is that how it goes? When Bitcoin fails people put their money into altcoins... Show me a single instance in the last 12 years when bitcoin failed.
I know a few situations where altcoins were pumping due to a false narrative like when BCH was created and pumped by Roger Ver whose team was spamming the bitcoin network to increase fees. All such attempts have failed.

Don't be fooled by stupid narratives and don't hope that if bitcoin fails altcoins will pump. If bitcoin ever really fails altcoins will crash like never before, Luna style.

[alexandr1115]

No! There are alternatives! And these include alternative cryptocurrencies or tokens! Sometimes alternative cryptocurrencies can show much greater growth. in any case, when bitcoin falls, someone pours their bitcoins into alternative coins or tokens. Therefore, alternative cryptocurrencies are also worth paying attention to!

Oh, is that how it goes? When Bitcoin fails people put their money into altcoins... Show me a single instance in the last 12 years when bitcoin failed.
I know a few situations where altcoins were pumping due to a false narrative like when BCH was created and pumped by Roger Ver whose team was spamming the bitcoin network to increase fees. All such attempts have failed.

Don't be fooled by stupid narratives and don't hope that if bitcoin fails altcoins will pump. If bitcoin ever really fails altcoins will crash like never before, Luna style.

Yes, you are right, if you take Bitcoin, then it is more reliable! In general, what is the reason for this? Because bitcoin originally appeared, and only then other cryptocurrencies began to be made based on its code, and for this reason more attention is paid to Bitcoin. I agree with you here! There are also good projects among alternative cryptocurrencies! Of course, there are also failed projects, and I will not argue with you here, but alternative cryptocurrencies have a much smaller capitalization and it is easier to raise them in price.

[Ziskinberg]

Thank God that educated people that know how important Bitcoin is to a nation are taking over some position in the parliament to stand for bitcoiners and to approve all the necessary things bitcoiners need to be happy with their transaction in the country. Since El Salvador and other countries has made it legal in their countries, and many good news are coming from those countries that value digital currency in their countries because it has added more value to their economy.

Not yet and it only just happens when all countries will support Bitcoin and realize their mistakes.
El Salvador have a strong stance and support to Bitcoin, they have a positive approach while the other are banning Bitcoin as it was a conflict of their interest. It was to say that people need more education and it takes more time to fulfill but at least we already see that some people know the importance and give value to Bitcoin.

Bitcoin = Bitcoin, Altcoins = Altcoins
They are really different in purpose and also behavior.