Another reason am chosing bitcoin.

[Reatim]

While I was with a feeling of  disappointed I recalled I have been stacking a few unit's of bitcoin in my wallet and have never experienced this crazy shit neither have I heard any bitcoiner make such a lousy complain about bitcoin whatever the amount of bitcoin transfered into their wallet. I don't think there's anyway the fiat system can be compared to bitcoin, the more experiences I encounter the more I see how advanced and greater purposes bitcoin serves.

It is definitely the authorities that make it much a complicated business. The reason why crypto is so good because it allows for decentralization and privacy for those who need it and in times where our data is easily obtained and used for purposes we are not aware of, privacy is a great value.

Unfortunately governments or centralized banks do not share the same sentiments.

[stadus]

Someone has found a truth that is more valuable than gold. With all their rules and restrictions, traditional banks are slowing us down. Bitcoin isnt just about making things easier; its also about freedom. The stuffy institutions dont have any control over this digital cash. It can be used for money and as a sign of freedom. An oasis of clarity in a suffocating world. Bitcoin is the very heart of independence and detachment.

This person's story perfectly shows how Bitcoin can change things. Not only is it about money, but also about getting rid of old ways of doing things and accepting the futuure. This problem with the bank only shows how far behind they are in our fast-paced, tech-savvy world.

In all honesty, we are saying all of these because we are all bitcoin enthusiasts and we are all dedicated to bitcoin, but if we will hear from the banks part, they will also claim that fiat has a lot more advantages than bitcoin or any other currency, and that won’t change the fact that fiat or dollar is still the global currency, while bitcoin has not yet approved even as a reserved currency. However, bitcoin is already working on its progress, but it’s still too far when it comes to global usage compared to fiat or dollar.

[FinePoine0]

Something happened today which makes my choice of bitcoin more stronger than the centralized fiat and traditional banking system.

I transferred some amount of cash to someone to get me a few items I would be needing for my project at hand, a day after I received a call from the him that his account has been freezed due to the amount received into the account that the bank told him it was above the account grade and he has to come with some required documents for the upgrade to a higher tier and this has to shift my schedule I have arranged for my project to a day further.

While I was with a feeling of  disappointed I recalled I have been stacking a few unit's of bitcoin in my wallet and have never experienced this crazy shit neither have I heard any bitcoiner make such a lousy complain about bitcoin whatever the amount of bitcoin transfered into their wallet. I don't think there's anyway the fiat system can be compared to bitcoin, the more experiences I encounter the more I see how advanced and greater purposes bitcoin serves.

You usually look back 5 to seven years ago, and see how Bitcoin was doing, and how Bitcoin is doing today. Just by looking at the short span of time, you will surely know that the Bitcoin word has spread among the local people. But it is best to hold on to Bitcoin because a lot of people hold Bitcoin and those who have held Bitcoin for a long time have had the highest success. So if you confirm this then it is definitely best to hold on to Bitcoins.

[Fivestar4everMVP]

Something happened today which makes my choice of bitcoin more stronger than the centralized fiat and traditional banking system.

I transferred some amount of cash to someone to get me a few items I would be needing for my project at hand, a day after I received a call from the him that his account has been freezed due to the amount received into the account that the bank told him it was above the account grade and he has to come with some required documents for the upgrade to a higher tier and this has to shift my schedule I have arranged for my project to a day further.

While I was with a feeling of  disappointed I recalled I have been stacking a few unit's of bitcoin in my wallet and have never experienced this crazy shit neither have I heard any bitcoiner make such a lousy complain about bitcoin whatever the amount of bitcoin transfered into their wallet. I don't think there's anyway the fiat system can be compared to bitcoin, the more experiences I encounter the more I see how advanced and greater purposes bitcoin serves.

Comparing bitcoin with the centralized fiat system is like comparing Apple devices with a Nokia 3310 phone, bith have no way of comparison because the only thing they have in common is that, both can make and recieve calls and text message, but talking about other technological aspect, both can't be compared to the other.

Fiat is all about centralization, while bitcoin is all about decentralization, both are fighting and representing different courses.
For those who choose the centralized part of finance or money, they be ready for such kyc verifications, upgrade and so on, even in cryptocurrency, centralized exchanges have such a system where your account is limited to receiving and send out a certain amount of money based on one's kyc level.
But coming to non-custodial wallets, such things are non existent, and this is what makes this industry very unique from what people see to be the norm in our society today.

[bubilas]

Something happened today which makes my choice of bitcoin more stronger than the centralized fiat and traditional banking system.

My reason for choosing Bitcoin is very simple - I know that it is the asset that all other cryptocurrencies are equal to. I do not like altcoins, they all look like dirt, except for very rare exceptions. Once upon a time, altcoins were serious, they were developed not for the hype, but for the technology. And we all believed that the next altcoin is a significant contribution to our crypto world. And now everyone is obsessed with hype, and not with the technological background. Therefore, my choice now is only Bitcoin.

[Huppercase]

I transferred some amount of cash to someone to get me a few items I would be needing for my project at hand, a day after I received a call from the him that his account has been freezed due to the amount received into the account that the bank told him it was above the account grade and he has to come with some required documents for the upgrade to a higher tier and this has to shift my schedule I have arranged for my project to a day further.

Well, sentiments on one side, it was never your fault that his account got suspended. As an account owner, it's his responsibility to make sure that his account is on top tier level of savings so as to be able to accommodate any amount that comes to his account. I think many banks gives you infinite number of deposits but there is a cap on amount you can withdraw from a savings account.

I don't see the upgrade as big deal, let him go to the bank and provide some papers and under some hours the account will be allow to make transactions more larger than his already cap without any problems.

While I was with a feeling of  disappointed I recalled I have been stacking a few unit's of bitcoin in my wallet and have never experienced this crazy shit neither have I heard any bitcoiner make such a lousy complain about bitcoin whatever the amount of bitcoin transfered into their wallet. I don't think there's anyway the fiat system can be compared to bitcoin, the more experiences I encounter the more I see how advanced and greater purposes bitcoin serves.

Bitcoin gives you upper hand above any other currency you can ever think about but it has its own limitations. The client you paid money to that had his account frozen could have accepted Bitcoin instead of fiat but I guess he wouldn't because not every seller want to go through selling their Bitcoin for fiats again since they are business people and always in need of money. This where is see challenge for Bitcoin since it's not a legal entity in majority of countries.

[Value.Virtue]

I'm not an expert, but I'll try to say what I understand about this scenario (whether it's true or not).

I transferred some amount of cash to someone to get me a few items I would be needing for my project at hand, a day after I received a call from the him that his account has been freezed due to the amount received into the account that the bank told him it was above the account grade and he has to come with some required documents for the upgrade to a higher tier and this has to shift my schedule I have arranged for my project to a day further.

How much is the amount that you put into your friend's account? I mean you know that you are transferring a huge amount of money. Why didn't you ask the limits of his bank including the amount of money that he can receive on a daily/monthly/yearly basis? That's being irresponsible on your part. Take note that you're transferring a huge amount of money (huge enough to make an account freeze), so at least put the limits into consideration.

While I was with a feeling of  disappointed I recalled I have been stacking a few unit's of bitcoin in my wallet and have never experienced this crazy shit neither have I heard any bitcoiner make such a lousy complain about bitcoin whatever the amount of bitcoin transfered into their wallet. I don't think there's anyway the fiat system can be compared to bitcoin, the more experiences I encounter the more I see how advanced and greater purposes bitcoin serves.

Well, that's the power of decentralization. Nobody can freeze your account (in this case, wallet) even you transfer billions of Bitcoins. The thing about these banks is, they can just freeze your account anytime they wanted to as long as they have seen suspicious transactions on your account. They might saw your transaction as somewhat "suspicious" because of the fact that it's a huge one hence, they froze your friend's account.

At the end of the day, there are still things that only Bitcoin can do but at the same time, there are also things that only the current fiat system can do.

Yes I agree with you, Bitcoin can do a lot of things but not all the things centralized banking system could do that it may handle effectively and accurately, so for instance,if you send money using the traditional banking system to a customer successfully and he tries to deny it you can Sue him with his name on the transaction details and it will be judges friendly than when you initiate such transactions with his BTC wallet address and many more, we just need to check what we what, how we want it with respect to time and safety be centered in our heart or the advantages and disadvantages before choosing means or mode of transacting...

[sapnu]

Something happened today which makes my choice of bitcoin more stronger than the centralized fiat and traditional banking system.

I transferred some amount of cash to someone to get me a few items I would be needing for my project at hand, a day after I received a call from the him that his account has been freezed due to the amount received into the account that the bank told him it was above the account grade and he has to come with some required documents for the upgrade to a higher tier and this has to shift my schedule I have arranged for my project to a day further.

While I was with a feeling of  disappointed I recalled I have been stacking a few unit's of bitcoin in my wallet and have never experienced this crazy shit neither have I heard any bitcoiner make such a lousy complain about bitcoin whatever the amount of bitcoin transfered into their wallet. I don't think there's anyway the fiat system can be compared to bitcoin, the more experiences I encounter the more I see how advanced and greater purposes bitcoin serves.

You usually look back 5 to seven years ago, and see how Bitcoin was doing, and how Bitcoin is doing today. Just by looking at the short span of time, you will surely know that the Bitcoin word has spread among the local people. But it is best to hold on to Bitcoin because a lot of people hold Bitcoin and those who have held Bitcoin for a long time have had the highest success. So if you confirm this then it is definitely best to hold on to Bitcoins.

I do actually agree with you, there's a lot of innovation or improvements into a lot of field that is connected with cryptocurrency. We do process transactions online more easily, its just that not all people really know how cryptocurrency works. However, ever since bitcoin was released more and more people are accessing and making their own profits using bitcoin in a various ways such as trading, holding and etc. It is better to use bitcoin also to transfer a huge amount of money and it is more secure for us than transferring money using local banks that are prone to account freezing because they will check your profit or the amount of money you're transferring.

[South Park]

Something happened today which makes my choice of bitcoin more stronger than the centralized fiat and traditional banking system.

I transferred some amount of cash to someone to get me a few items I would be needing for my project at hand, a day after I received a call from the him that his account has been freezed due to the amount received into the account that the bank told him it was above the account grade and he has to come with some required documents for the upgrade to a higher tier and this has to shift my schedule I have arranged for my project to a day further.

While I was with a feeling of  disappointed I recalled I have been stacking a few unit's of bitcoin in my wallet and have never experienced this crazy shit neither have I heard any bitcoiner make such a lousy complain about bitcoin whatever the amount of bitcoin transfered into their wallet. I don't think there's anyway the fiat system can be compared to bitcoin, the more experiences I encounter the more I see how advanced and greater purposes bitcoin serves.

It is their system so you have to play by their rules, however on the past you really had no option as there was not really any alternative for those that were sick and tired of those situations coming up, however now with bitcoin we have an option, and while this can happen to you if you keep your bitcoin in an exchange or online wallet, if you keep your bitcoin stored on a wallet only you control, then you can be sure something like this is never going to happen to you.

[puloweh555]

Something happened today which makes my choice of bitcoin more stronger than the centralized fiat and traditional banking system.

I transferred some amount of cash to someone to get me a few items I would be needing for my project at hand, a day after I received a call from the him that his account has been freezed due to the amount received into the account that the bank told him it was above the account grade and he has to come with some required documents for the upgrade to a higher tier and this has to shift my schedule I have arranged for my project to a day further.

While I was with a feeling of  disappointed I recalled I have been stacking a few unit's of bitcoin in my wallet and have never experienced this crazy shit neither have I heard any bitcoiner make such a lousy complain about bitcoin whatever the amount of bitcoin transfered into their wallet. I don't think there's anyway the fiat system can be compared to bitcoin, the more experiences I encounter the more I see how advanced and greater purposes bitcoin serves.

If we talk about the reasons or want to compare fiat with bitcoin, it is clear that bitcoin is superior in any case, especially with the sophistication of technology in bitcoin, it seems that there is nothing wrong with the bitcoin system compared to the banking system which is full of shortcomings. the example you gave, the bank easily freezes your account without prior notice and can even confiscate your money. Because the Bank is controlled by an entity, this is different from bitcoin, no one controls it, no entity can freeze your assets unless you lose the seed phrase.

However, the problem with freezing your account, usually you can come to the bank, especially if the amount of money frozen is large, to file a complaint and ask why your bank account was frozen. Because there could also be an error or mistake in the bank's system. But what is clear is that we both need banks and bitcoin, banks to make transactions, especially if you have a business, while bitcoin is a future investment to achieve financial freedom.

[HajiBagi]

The simple fact Bitcoin cannot be frozen the way fiat money often is makes BTC/Crypto a great choice in many situations. Bitcoin is one of the few truly great things to happen this century!

What we need to understand is that Bitcoin transactions are different from other transactions like banks, Bitcoin can not be compared to other transactions because Bitcoin transactions are greater than them in any way and you can do any amount of transactions you can without not any complaints about the amount you did, bank accounts are different and that is why they are controlled by the central bank, Cryptocurrency is much better but each one of them has their advantages and disadvantages, you can transfer as much as you like in bitcoin, but when you have a mistake and transfer to another wallet you can’t trace the owner unless the person is god fearing and want to refund it.

Banks can trace the owner of an account and even get his or her details through the application used to open a bank account and that is why you can’t open an account without having good details, I don’t see anything concerning the bank's problem during transactions before you make any transactions make sure you think well and do the transaction to the limit that the bank won’t stop your transaction.

[yazher]

When I first went to a bank and applied for an account they asked me lots of requirements. They interviewed me about the funds to enter into my account, just because my facial appearance is not pleasing they discriminated against me and told me that I only get a $400 limit on my account, anything beyond that would face a possible freeze of my account. They will interrogate me further about the excess funds.

Imagine, getting that lower limit while in Bitcoin wallets this is not a problem, that's why I only use banks for some small transactions and do not fully trust my money because of what they are doing to me, just because I look suspicious to them.

I prefer only to save my bitcoins in my crypto wallet and not fully trust the banks with my money for I never deposited a large sum of money to them.

[Z-tight]

It is definitely the authorities that make it much a complicated business. The reason why crypto is so good because it allows for decentralization and privacy for those who need it and in times where our data is easily obtained and used for purposes we are not aware of, privacy is a great value.

Usdt is a crypto, and it is centralized, and can also be frozen even in your own wallet, and this is just one example, when you say crypto, take note that you are talking about BTC and other cryptocurrencies.

BTC ia decentralized, but not all cryptocurrencies are, as for privacy when using BTC, you have to use privacy solutions, or simpy do BTC->xmr->BTC. Take note that so many people still use centralized exchanges, so even when they use BTC, a third party is still in the possession of their data.