What makes Bitcoins valuable?

[ancafe]

I think with the current failure on people relying on banks is also given bitcoin a massive edge over the centralised system and everyday people are now exposed to the fact that banks are a big fucks and the best way to go about your financial stability and situation is actually reliable on a system where everything is decentralised which paints the use of BTC in the picture.

I could imagine what happened in nation few months back when the CBN bank actually announced the creation and immediate use of the particulars new currency which was very little in circulation. And it was enforced on all the other financial banks to actually stop using the old note which  cause a nation wide problem because people were restricted on the usage of their own money in the banks because of the massive crowd present there to actually change their currency and  there also major restrictions on the amount of cash you could get off the bank a day which rather absurd if you ask me.

The advantages possessed by bitcoin are precisely because of the weaknesses possessed by the banking system when associated with fiat. The banking industry has a corrupt system and they suck people's blood with the regulations created, there are many weaknesses in the banking system so that many people are starting to realize that bitcoin is far more able to provide freedom in determining its financial direction. Hierarchically, bitcoin is strong for reasons of banking weakness, although there are other factors that strengthen bitcoin itself.

Bitcoin does not have an impact on inflation, but has the resilience to hold back when inflation takes place and there will always be a recovery moment every time it happens. Talking about the store of value, gold actually has the same perception as bitcoin, but trust in bitcoin is actually increasing and is marked by the many adoptions that are taking place. Community involvement can actually influence the supply and demand process, so bitcoin is by far one of the best investments.

[jeraldskie11]

I think with the current failure on people relying on banks is also given bitcoin a massive edge over the centralised system and everyday people are now exposed to the fact that banks are a big fucks and the best way to go about your financial stability and situation is actually reliable on a system where everything is decentralised which paints the use of BTC in the picture.

I could imagine what happened in nation few months back when the CBN bank actually announced the creation and immediate use of the particulars new currency which was very little in circulation. And it was enforced on all the other financial banks to actually stop using the old note which  cause a nation wide problem because people were restricted on the usage of their own money in the banks because of the massive crowd present there to actually change their currency and  there also major restrictions on the amount of cash you could get off the bank a day which rather absurd if you ask me.

The advantages possessed by bitcoin are precisely because of the weaknesses possessed by the banking system when associated with fiat. The banking industry has a corrupt system and they suck people's blood with the regulations created, there are many weaknesses in the banking system so that many people are starting to realize that bitcoin is far more able to provide freedom in determining its financial direction. Hierarchically, bitcoin is strong for reasons of banking weakness, although there are other factors that strengthen bitcoin itself.

Bitcoin does not have an impact on inflation, but has the resilience to hold back when inflation takes place and there will always be a recovery moment every time it happens. Talking about the store of value, gold actually has the same perception as bitcoin, but trust in bitcoin is actually increasing and is marked by the many adoptions that are taking place. Community involvement can actually influence the supply and demand process, so bitcoin is by far one of the best investments.

Banks won't make you rich but only make your asset secure rather than keeping it by ourselves. At some point we still get benefits with banks. Bitcoin is also best in terms of security because no one can open your wallet as long as you keep the private key or phrase in a safe place where no one knows. Additionally, Bitcoin gives us huge ROI if we invested in it in the lowest swing point. Annually, you can possibly get 100% profit while if you're in the bank, you can only get 5% to 10% annually which is very small. With Bitcoin, you can get what you can get in banks. Be wise with your decision because we can't turn back time.

[ancafe]

Banks won't make you rich but only make your asset secure rather than keeping it by ourselves. At some point we still get benefits with banks. Bitcoin is also best in terms of security because no one can open your wallet as long as you keep the private key or phrase in a safe place where no one knows. Additionally, Bitcoin gives us huge ROI if we invested in it in the lowest swing point. Annually, you can possibly get 100% profit while if you're in the bank, you can only get 5% to 10% annually which is very small. With Bitcoin, you can get what you can get in banks. Be wise with your decision because we can't turn back time.

No one has talked before about banks making a person richer, although in the case of large deposits you will earn interest in return. Does anyone think the same thing as me, when a bank goes bankrupt or an incident occurs and makes the bank stop operating the money we have will get compensation/refund? Of course bitcoin has a far superior value compared to the fiat/bank system, but I agree that currently banks are still quite needed and at least even if we think they are not, the general public still really need it.

Regarding security we can choose our own standards for storing bitcoins, for example, using a wallet that is highly recommended and I deliberately did not mention it because everyone already knows about it. The banking system is also very vulnerable to hacking and even though every day they try to improve the security system, talking about security behavior the only steps that need to be taken are caution and we can carry out these steps ourselves with the available systems.