Only one way to save people now

[darewaller]

Fullbear is known as a famous troll, and this is not his first account, and to be fair to him, there is a need to start new topics, I know his past accounts as well, and how idiotic they were too, there is always THAT account he has that opens up topics like crazy, and could be banned later on because he changes accounts every 6 months to a year.

But, this is just getting silly now, leave banks and go full crypto is a risky advice that could hurt someone. I am all for keeping the forum active and having these type of discussions, but telling or suggesting something that may end up hurting someone is not acceptable, it is going to be dire consequences and we should avoid saying these things.

[1715293670]

1715293670

[DrBeer]

Bitcoin is a good alternative especially since the outside market is in turmoil nowadays, but you can't expect people to immediately switch financial systems just because the ones they have accustomed all their lives with is having a bad season. Think of it this way, someone you know is actively telling you to switch to fiat or convert all your crypto assets into stocks and bonds because the cryptocurrency market is not looking good as of the moment, it will be a very hard decision to make. Incidentally, I don't think there's a need for a complete financial system switch. The two could work hand-in-hand to make things better and that has been the case for the greater part of cryptocurrency's history.

This would be true if not for the volatility of bitcoin and the "fun" of the crypto market. The question is - if you, for example, in March of this year, invested most of your reserves in bitcoin - how would you feel now?
After all, it is not a fact that bitcoin will once again jump above that price! And it’s not a fact that they won’t introduce tough rules - for example, “prove the legitimacy of the origin of your bitcoin reserves, and prove that you paid all taxes.” And the option is not ruled out that you will have to if bitcoin grows up and you withdraw it into fiat - then only through taxes ...

[Inwestour]

This would be true if not for the volatility of bitcoin and the "fun" of the crypto market. The question is - if you, for example, in March of this year, invested most of your reserves in bitcoin - how would you feel now?
After all, it is not a fact that bitcoin will once again jump above that price! And it’s not a fact that they won’t introduce tough rules - for example, “prove the legitimacy of the origin of your bitcoin reserves, and prove that you paid all taxes.” And the option is not ruled out that you will have to if bitcoin grows up and you withdraw it into fiat - then only through taxes ...

This is a very likely situation where we will have to prove the origin of our bitcoins, and it is understandable that many here did not pay taxes. But there are exchangers that can help us get around these points by paying a relatively small commission, exchanging for cash. I bought in March of this year and continue to buy now, yes the price has dipped but I am buying long term and since the price is now dipping my purchase price is averaging and in the end I expect to make a profit when the bull market comes.

[so98nn]

I think if anything is happening in the world and which is going in the wrong direction then we don’t have to have solutions out of crypto all the time! It does not work like that. If something is wrong then it’s because worlds reserves and countries are not working by the books. That’s what happens when they misjudge the finances and start giving away billions of dollars in unwanted schemes and projects. Wel that’s entirely different story. However we can relate everything to bitcoin. In fact bitcoin is really unstable currency and it will take time to push it as worlds currency. It’s really far away from that implementation.

[Punakawan]

Cryptocurrencies are a great solution to make things simple and easy, we never thought that cryptocurrencies are growing fast like they are today but unfortunately many are used greedily to the point where many people cry like what happened with FTX.

[bestcoins1]

Cryptocurrencies are a great solution to make things simple and easy, we never thought that cryptocurrencies are growing fast like they are today but unfortunately many are used greedily to the point where many people cry like what happened with FTX.

Cases like what happened to FTX weren't that many in the past and even in FTX cases only one person was at fault. So it's not very appropriate if you say that more people are greedy for this, because the culprit here is not the cryptocurrency, but the people behind it who have bad intentions, as happened in the FTX example.

I'm even confused when you say cryptocurrency is a good and very simple and easy solution, but in other words you actually scare a lot of people by saying they are greedy, even though not everyone is greedy even though they are already in cryptocurrency.

[Ngemmeng]

Cryptocurrencies are a great solution to make things simple and easy, we never thought that cryptocurrencies are growing fast like they are today but unfortunately many are used greedily to the point where many people cry like what happened with FTX.

true, crypto is simple and easy but what we have to be aware of is that crypto also has a high risk. as you said, for example, the incident that happened to FTX was an event that was beyond the expectations of many people and this kind of incident is one of the risks of crypto. and don't forget LUNA 
So if you're not careful crypto won't be a solution but a problem.

[xSkylarx]

Cryptocurrencies are a great solution to make things simple and easy, we never thought that cryptocurrencies are growing fast like they are today but unfortunately many are used greedily to the point where many people cry like what happened with FTX.

true, crypto is simple and easy but what we have to be aware of is that crypto also has a high risk. as you said, for example, the incident that happened to FTX was an event that was beyond the expectations of many people and this kind of incident is one of the risks of crypto. and don't forget LUNA 
So if you're not careful crypto won't be a solution but a problem.

How is crypto simple and easy? We have had a hard time learning it before and also trying to gain profit from it. The FTX incident was also hard to predict as we couldn't see any suspicious activity. The hardest thing in crypto is earning from it. When you say easy, it is about buying and selling it (not about getting profit) since it is easy to buy and sell as long as you have money, but gaining profit on it is another term. In the cryptocurrency world, many scams are happening, so we should be cautious.

[BRINIRHA]

we must not forget that we will still need fiat. because even BTC was made not to replace fiat but to be an option or another alternative. to be honest, I also experienced a lot of disappointment with the bank system. however, I am still aware that the role of the Bank will always be needed. Crypto and fiat should always coexist. both need each other.

Bitcoin was made as a payment method that is anonymous and transparent. I don't know why people keep telling bitcoin to replace fiat since it was not intended for that, though bitcoin could be future money but for now, it cant replace our own fiat as we are using it on daily basis and we are not just that advance that all of us uses digital money.

correctly. because in fact we may not be able to escape fiat in a few decades. because after all Fiat remains the most comfortable to use today even though there are indeed many disappointments in the system run by bankers and everything is centralized. But still, we still need a very long time to finally be able to find a replacement for Fiat. and Bitcoin is just one that has the potential to do that. But I still hope that Bitcoin and fiat can coexist harmoniously. namely centralized and non-centralized coexistence in the financial system is extraordinary. because everyone has a choice freely. between centralized and non-centred.

[og kush420]

we must not forget that we will still need fiat. because even BTC was made not to replace fiat but to be an option or another alternative. to be honest, I also experienced a lot of disappointment with the bank system. however, I am still aware that the role of the Bank will always be needed. Crypto and fiat should always coexist. both need each other.

Bitcoin was made as a payment method that is anonymous and transparent. I don't know why people keep telling bitcoin to replace fiat since it was not intended for that, though bitcoin could be future money but for now, it cant replace our own fiat as we are using it on daily basis and we are not just that advance that all of us uses digital money.

correctly. because in fact we may not be able to escape fiat in a few decades. because after all Fiat remains the most comfortable to use today even though there are indeed many disappointments in the system run by bankers and everything is centralized. But still, we still need a very long time to finally be able to find a replacement for Fiat. and Bitcoin is just one that has the potential to do that. But I still hope that Bitcoin and fiat can coexist harmoniously. namely centralized and non-centralized coexistence in the financial system is extraordinary. because everyone has a choice freely. between centralized and non-centred.

but the countries where there is no acceptance of the bitcoin - there have been a huge problem for the people.
When they hacked or scammed - they can't make any complaint. so there are advantages and disadvantages

[n0ne]

Cryptocurrencies are a great solution to make things simple and easy, we never thought that cryptocurrencies are growing fast like they are today but unfortunately many are used greedily to the point where many people cry like what happened with FTX.

true, crypto is simple and easy but what we have to be aware of is that crypto also has a high risk. as you said, for example, the incident that happened to FTX was an event that was beyond the expectations of many people and this kind of incident is one of the risks of crypto. and don't forget LUNA 
So if you're not careful crypto won't be a solution but a problem.

How is crypto simple and easy? We have had a hard time learning it before and also trying to gain profit from it. The FTX incident was also hard to predict as we couldn't see any suspicious activity. The hardest thing in crypto is earning from it. When you say easy, it is about buying and selling it (not about getting profit) since it is easy to buy and sell as long as you have money, but gaining profit on it is another term. In the cryptocurrency world, many scams are happening, so we should be cautious.

The process involved is easy, but to make profit out of it is really hard thing. With everything there is risk and cryptocurrency have high risk than any other form of investment. One who have understood better will make the moves accordingly as well as hold when required without getting into emotions. Same time fearing to scams and hackers will keep us out of taking risk. To me, the risk we take with the right learning will give good return someday.

[blockman]

but the countries where there is no acceptance of the bitcoin - there have been a huge problem for the people.

What are those problems? I'm a bitcoin holder but what could problems those countries face if they don't accept bitcoin? I mean I like countries to adopt bitcoin but just because they don't adopt it, what problem has been huge on them?

When they hacked or scammed - they can't make any complaint. so there are advantages and disadvantages

Well, it happens and people who get scammed or hacked can't do that much but just have to report it. But looking at the positivity that their money will be returned, it's less than a 1% of the possibility.

[naira]

Look at world economy and people struggle with bills.
Look all that things most people not gona be fit enough to pay their bills.
Europe UK very bad situation and now when people need most credit the Banks don't give.

The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.

Snip~

If you disapoint once dont think people gona trust you twice. Off course dont cry or complain later If you trust them again the bankers and goverment it's ur own fault then

Business owners If they are smart knows only way they can survive is crypto.

Snip~

I do not understand how you say this all, such nonsense. While your pocket is still paying for food with fiat. Be realistic and use the means of payment wisely. You still need fiat for all services in your country. Don't mistake crypto for an economic point of view. You just have to be good at using it, after all it is impossible to leave all the fiat piles if the state still makes it a legal method of payment.

It's impossible for you to be a fiat fanatic, right?

A smart business owner knows how to make a profit from all sides, not the way you describe it. I think you still don't understand the element of profit working well.

[Davidvictorson]

Look at world economy and people struggle with bills.
Look all that things most people not gona be fit enough to pay their bills.
Europe UK very bad situation and now when people need most credit the Banks don't give.

The solution is Simple leave fiat banks and go crypto.
Until there is no Fiat eur or GBP Stable coins we can use as central reserve Stable currency USDT.

Goverment and Banks failed so leave them and let them sink in their own mess what they created.

Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT

If you disapoint once dont think people gona trust you twice. Off course dont cry or complain later If you trust them again the bankers and goverment it's ur own fault then

Business owners If they are smart knows only way they can survive is crypto.

Cash fiat currency as USD can stay becouse it's good to have USD in hands becouse we all gona use USDT Stable coins anyways.

I like decentralized technologies, but it is out of place to think that cryptocurrency would save the world economy as we know it. Why? Now imagine for example that we leave fiat banks and go crypto like you have stated, don't you think that those who own a lot of  bitcoins today would become multi bitcoin trillionaires if it becomes the world's dominant currency, further creating a huge divide between the rich-poor? The world must repair itself, particularly its unfavorable economic policies.

[Lubang Bawah]

Bitcoin is a good alternative especially since the outside market is in turmoil nowadays, but you can't expect people to immediately switch financial systems just because the ones they have accustomed all their lives with is having a bad season. Think of it this way, someone you know is actively telling you to switch to fiat or convert all your crypto assets into stocks and bonds because the cryptocurrency market is not looking good as of the moment, it will be a very hard decision to make. Incidentally, I don't think there's a need for a complete financial system switch. The two could work hand-in-hand to make things better and that has been the case for the greater part of cryptocurrency's history.

The presence of cryptocurrencies certainly makes it easy for transactions, we don't need to be afraid because of fluctuations in bitcoin prices or others because now there are many stable coins, many think that bitcoin is a substitute for fiat, of course both have different functions and will be able to run without anyone must be abandoned.

[RealMalatesta]

Crypto is only way not CBDC but btc and USDT nobody actualyy don't want anything from bankers anymore.
People Will use btc and USDT

After lots of people's opinion on CBDC, I started to agree that fiats and CBDC are same so trusting into CBDC after the failures of fiats might get us into deeper trouble than before. Still, I am not ready to go adapting usdt for any kind of usecase. I mean that I agree bitcoin could be only way to save people against inflation but not with usdt.

We use or not, fiats are going to stay as part of our economy but not believing into it for 100% will help us to protect against inflation. I guess in near future few more governments will declare about adapting bitcoin fully or part of their legal tender system then migrating to such country may help anyone to leave of fiats completely.

[Paul Pogba]

To save people now of course there are many ways, many people think that cryptocurrencies are the best solution, the fact is that until now many problems have occurred if transaction volumes have increased, there are 2 common things, namely very long transaction confirmations and transaction fees that are becoming expensive.

[chrisculanag]

We just need to weigh the use of fiat and cryptocurrency. We know that it has various effects on the country's economy. The fiat is used in offline transactions which is very important especially in countries where internet connection is not yet widespread. If it does change and it becomes online, it is better to use the cryptocurrency that has a stable price and fast confirmation transaction so that its users are not affected.

There are many ways to save a person ,is to be smart in handling money and also be progressive in more aspect either offline or online transactions. Save and find a good way to handle our finacials , because no one can help us but ourselves.

[S A KHAIR]

If you advise people to leave fiat and switch to USDT it makes no difference, they are all centralized and regulated by the government. I don't believe anyone can leave the bank or fiat, even though they are having some problems but don't try to ignore that we have been using it for hundreds of years and are still using it every day.

[bestcoins1]

If you advise people to leave fiat and switch to USDT it makes no difference, they are all centralized and regulated by the government. I don't believe anyone can leave the bank or fiat, even though they are having some problems but don't try to ignore that we have been using it for hundreds of years and are still using it every day.

As long as the bank is still relied upon by many people in one way or another, leaving fiat is a slightly more difficult thing for those who still cannot distance themselves from the bank, unless they can use and save their own money without having to rely on the bank again. And for those who have been able to leave fiat or cash that is usually used in life by switching to USDT, I think there is also a slight difference because USDT is a digital token that is well known as a stable token even though its nature is not much different from fiat.