Bitcoin Forever

[realjohntit0r]

Guys, this is my first post here. I want to share with you, who are admirers and have embraced this technology just like me, my vision about all of this. I am a professional in the financial market, I have the Ancord certification as an Independent Investment Agent, and this process has led me to understand the traditional system, how it works, and also to perceive its flaws. Today, I can affirm that, although it may be clear to many people, the traditional system is weak and flawed, it doesn't work and will suffer crashes from time to time, but it is a system that those in charge have found, governments have found to be able to control people and their capital. Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception about capital. Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

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[Don Pedro Dinero]

Welcome to the forum!

Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception about capital. Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

I like your enthusiasm but bitcoin has not yet broken the financial system.

I don't think the perception of capital has changed either. Basically the current financial system is based on debt. Fiat money is credit rather than money, it has a counterpart in debt. Whereas bitcoin is like digital gold, a bitcoin is a bitcoin without depending on any debt, in the same way that an ounce of gold has a value that does not depend on any debt.

[Despairo]

Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

But you're still need to use fiat because you can't use Bitcoin to pay anything in your country, so you're still trusting fiat even you're not use it as to store your wealth. We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it. But you can still use Bitcoin since there's a way to trade Bitcoin without need a permission from centralized entity, as long as you not make any mistake.

[Fiatless]

Guys, this is my first post here. I want to share with you, who are admirers and have embraced this technology just like me, my vision about all of this. I am a professional in the financial market, I have the Ancord certification as an Independent Investment Agent, and this process has led me to understand the traditional system, how it works, and also to perceive its flaws. Today, I can affirm that, although it may be clear to many people, the traditional system is weak and flawed, it doesn't work and will suffer crashes from time to time, but it is a system that those in charge have found, governments have found to be able to control people and their capital. Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception of capital. Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

It's great to have you on the forum. Confirming from a qualified professional like you give people like me confidence that we are on the right path. I hope you will use your wealth of experience in the traditional banking sector to give us more innovative insights into investments and other global financial matters.

Bitcoin is striving to revolutionize the global financial system but there are some impediments. The traditional banking system backed by the government is resisting the penetration of bitcoin into the financial system because of the fear of losing control. To stop bitcoin adoption and influence they impose certain restrictions on its use within their territory. Bitcoin awareness is also slow in some areas due to certain challenges such as a lack of basic amenities, poor economic conditions, and illiteracy. But so far bitcoin is still trailblazing.

[NotATether]

We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it.

CRBCs are hot garbage. Nobody will use them. Not even fiat-oriented people will use them, for the same reason they don't use Bitcoin - because they don't understand it.

For now, its sole use is as a token for other banks to transact with. And it will probably stay like that, especially in countries with sticky legislation procedures.

Let's make more analysts Bitcoiners

[ethereumhunter]

Welcome to the Bitcointalk forum. I'm glad you know about bitcoin and can visit this forum and share your opinion. And I'm also glad that you will dedicate your life to continuing what you have done with bitcoin.

It's not easy to accept bitcoins because this has never existed before. And it takes an open mind to accept the existence of bitcoin and realize the potential it can give us. And you are one of the people who can realize the potential of bitcoin in the future so I hope you can continue to learn more about using bitcoin and also make more money from bitcoin. Make bitcoins your investment in addition to owning other investments to spread your wealth across different types of investments.

[Oshosondy]

Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

I remember the times that I made fiat transaction and it failed, going to bank several times before it was solved, this happens twice to me before.

It is true that fiat is flawed, but we still so much depend on it because people like to support what the government support. We still use fiat for many reasons, some people that are into crypto and receiving salary or wage in bitcoin or other crypto still depending on fiat and they convert their salary or wage to fiat for spending.

But fiat makes us lacks freedom from government, bitcoin gives the freedom. Fiat is also decreasing in value, unlike bitcoin which can be considered as a speculative asset and a  store of value.

I like your enthusiasm but bitcoin has not yet broken the financial system.

Nothing can break the fiat financial system. Bitcoin was not created to breake the financial system. It is just an alternative and we have many types of money, bitcoin belongs to one type which are a valuing asset.

We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it.

CBDCs are not different from fiat, why would bitcoin be banned because of CBDC/fiat when the fiat are existing before bitcoin.

[Supianto]

Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

But you're still need to use fiat because you can't use Bitcoin to pay anything in your country, so you're still trusting fiat even you're not use it as to store your wealth. We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it. But you can still use Bitcoin since there's a way to trade Bitcoin without need a permission from centralized entity, as long as you not make any mistake.

True. I hate it when some people say that you only need Bitcoin and they don't think that we can live in different countries. I just can't use Bitcoin where I live, I can buy some things online, but I can't pay rent or buy groceries with it, and I don't think it will be possible any time soon.

[retreat]

We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it.

CRBCs are hot garbage. Nobody will use them. Not even fiat-oriented people will use them, for the same reason they don't use Bitcoin - because they don't understand it.

For now, its sole use is as a token for other banks to transact with. And it will probably stay like that, especially in countries with sticky legislation procedures.

Let's make more analysts Bitcoiners

It's even funny that stakeholders in banking say that digital currency will become an alternative to crypto and will replace its function as a digital asset. even in my country, here governor of central bank directly promote digital currency to people and try to convince people to use this digital currency as their choice in their daily transactions lol.

[Obari]

Welcome to the forum and I love how positive you are about Bitcoin but why are you adapting to it this late when you have been in the traditional system for so long?
Well just as other users have also said earlier, Bitcoin isn't  a legal tender and until it is declared a global legal tender, I think people should minimize how much praise they sing of crypto and also try as much as possible to also educate people as well in the dangers possession of Bitcoin can cause due to it's very volatile nature.

I also want you to understand that Bitcoin being like a digital gold just as you mentioned should be seen as an investment option rather than pressuring  to wanting to make it a legal tender.

[Lucius]

~snip~
Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception about capital.

We can debate whether Bitcoin has succeeded or not, but we cannot talk about Bitcoin succeeding in any way as you say "break the entire traditional system" because the percentage of people involved in Bitcoin in any way is less than 5% of the total world population. Realistically, maybe 1-2% even understand or use Bitcoin the way it should be, while for the majority it is just an investment like any other. Human perception of capital and value has unfortunately not changed much since the existence of Bitcoin and the vast majority of people still keep their value in the bank, stocks, bonds or gold.

CRBCs are hot garbage. Nobody will use them. Not even fiat-oriented people will use them, for the same reason they don't use Bitcoin - because they don't understand it.

It is not so important what people think of CBDC, it is more important how governments will gradually introduce it into the system. When (and if) classic FIAT is replaced by CBDC, people will have no other options (except BTC), and most of them do what the government suggests anyway. In countries like China, it is already a done deal, and I doubt that it would be difficult to implement the same thing in countries like India or Russia.

I am of the opinion that CBDC is still simpler than BTC, there is not much to understand except that you need an official government app and it all boils down to the send/receive button.

[rby]

Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

But you're still need to use fiat because you can't use Bitcoin to pay anything in your country, so you're still trusting fiat even you're not use it as to store your wealth. We might see a big change when CBDC has been launched by the government, it's either they will ban Bitcoin or they still consider to accept it. But you can still use Bitcoin since there's a way to trade Bitcoin without need a permission from centralized entity, as long as you not make any mistake.

Someone using fiat does not automatically translate that they trust the fiat system. He can be using fiat because it is what the government of his  economy permits and that does not mean that he trusts fiat.

Even the government knows that the system of currency they operate has been flawed. What they do is fight tirelessly to make sure that the rising technology of Bitcoin and crypto graphy is being eliminated, but that is what they cannot achieve.
It is clearly obvious that the world financial system is going to change in a few decades to come and we are lucky we have already taken the early spot in the market.

[Lorence.xD]

Well just as other users have also said earlier, Bitcoin isn't get a legal tender and until it is declared a global legal, I think people should minimize how much praise they sign of crypto and also try as much as possible to also educate people as well in the dangers possession of Bitcoin can cause due to it's very volatile nature.

This is true, some people think it just as easy investment that you will gain profit in just putting your assets in Bitcoin. People should have proper knowledge about how volatile bitcoin that it changes its value from time to time. However, it still deserve a praise as it gives a lot of opportunity to people which we can see here in forums. Also having bitcoin as your assets couldn't be a danger if you're not selling. Hodling can even cost more for your profit in a long period of time so I don't consider it dangerous I consider it as treasure that you are holding. Never be afraid to hold and buy and dump so once bitcoin pumped get your profit.

[jayce]

It is not so important what people think of CBDC, it is more important how governments will gradually introduce it into the system. When (and if) classic FIAT is replaced by CBDC, people will have no other options (except BTC), and most of them do what the government suggests anyway. In countries like China, it is already a done deal, and I doubt that it would be difficult to implement the same thing in countries like India or Russia.

I am of the opinion that CBDC is still simpler than BTC, there is not much to understand except that you need an official government app and it all boils down to the send/receive button.

That's a good point, anything that the government suggests to use, then we would use it anyway. Actually bitcoin is as easy as CBDC to understand, even easier, especially for young people which they have more knowledge about recent technologies and could access any info they want, while the older people prefer to have same side with the government, no matter if the effect of the policies is good or bad for them. India and Russia are trying to implement CBDC because they didn't want to consider crypto as a legal thing in the first place, and CBDC is their newest way to make their people get rid of that.

[tbct_mt2]

That's a good point, anything that the government suggests to use, then we would use it anyway. Actually bitcoin is as easy as CBDC to understand, even easier, especially for young people which they have more knowledge about recent technologies and could access any info they want, while the older people prefer to have same side with the government, no matter if the effect of the policies is good or bad for them.

CBDCs are tools for governments to control their citizens and their cash flows better. Using CBDCs, privacy is gone but I think many people don't mind about privacy. They will have no issue to use CBDCs and some others will continue to use fiat currencies, Bitcoin & cryptocurrency and CBDCs for their lives. They have no problem to co-use those currencies.

India and Russia are trying to implement CBDC because they didn't want to consider crypto as a legal thing in the first place, and CBDC is their newest way to make their people get rid of that.

Those nations have internal conflicts between their regulatory agencies but generally they tend to accept cryptocurrency and Russia is leading the world in CBDC. It is natural with massive sanctions they have because of Ukraine invasion. They must to find other ways for their national cash flow.

[Doan9269]

Except for those who haven't made it a point of trial in checking out the digital system of financial technology with bitcoin, they may not be able to see or perceive what we are seing through this rare opportunity with bitcoin with financial freedom, some of them knows about it because they have engaged using the blockchain technology in some certain aspects but wouldn't support the adoption of bitcoin because they know it's a weakener to their financial strength on people's assets by giving them top priority as a third party against any bearer.

[Agbe]

Guys, this is my first post here. I want to share with you, who are admirers and have embraced this technology just like me, my vision about all of this. I am a professional in the financial market, I have the Ancord certification as an Independent Investment Agent, and this process has led me to understand the traditional system, how it works, and also to perceive its flaws. Today, I can affirm that, although it may be clear to many people, the traditional system is weak and flawed, it doesn't work and will suffer crashes from time to time, but it is a system that those in charge have found, governments have found to be able to control people and their capital. Bitcoin is something so extraordinary and beautiful that it managed to break the entire traditional system without turning back, it managed to remodel and change the whole human perception about capital. Today, knowing both worlds, it is the only currency that I trust, it is the only system that I trust and I will dedicate my life to carry this forward. Bitcoin forever.

You are welcome to the family of bitcoin, from your profile and post history, you are new in the forum but from your first post, you are not new in bitcoin. The world leaders have their peculiar way of suffering their citizens so bitcoin was created to bridge that gap. Bitcoin has come to stay and other currencies (fiat) will bow to it. And from the way sound might be good in the analytical aspect of the market. In any dispensation there must be progressive and the old age or models must pass away and new things must take place. Bitcoin has come to take the system for the progressive mindset. Bitcoin we trust.

[Zilon]

Irrespective of what works best. Bitcoin as a deflationary asset is still a major concern. As a matter of fact it is not completely safe yet to rely on Bitcoin because it is never stable. It could have been a better legal tender if it were less volatile, because if it eventually becomes one, it will strike lots of dispute between commodity traders in that as the value keeps deflating it will become a threat to the trader and also the buyer and might result to swapping to fiat especially the amount reserved as capital.

[Obari]

I got your point mate but I didn't actually mean holding cryptocurrency is dangerous but I'm saying that for a newbie, as a result of the volatile nature of cryptocurrency, which can either fall or rise, the possession of it as a result can be dangerous as one might get liquidated if not having much balance in ones portfolio.
I have seen people who got their lives ruined in Bitcoin and I've also seen people like myself who are already building something from Bitcoin, hence what I'm trying to say is that, as much as we preach the goodness of Bitcoin, we should also do well to chip in the dangers or maybe better put the disadvantages as well.

[puloweh555]

It's even funny that stakeholders in banking say that digital currency will become an alternative to crypto and will replace its function as a digital asset. even in my country, here governor of central bank directly promote digital currency to people and try to convince people to use this digital currency as their choice in their daily transactions lol.

Very strange in my opinion. It is clear that what makes crypto attractive is the limited total supply and decentralized. while this is very funny if banking is an alternative to digital currency while the total supply is unknown and centralized. The two things are contradictory because the concepts of the two are very different.

Bitcoin is striving to revolutionize the global financial system but there are some impediments. The traditional banking system backed by the government is resisting the penetration of bitcoin into the financial system because of the fear of losing control. To stop bitcoin adoption and influence they impose certain restrictions on its use within their territory. Bitcoin awareness is also slow in some areas due to certain challenges such as a lack of basic amenities, poor economic conditions, and illiteracy. But so far bitcoin is still trailblazing.

Undoubtedly and surely blockchain technology will break the regulations of every country. and overthrow central bank hegemony and blockchain will penetrate all internet distribution systems besides finance and monetary