Why I Prefer Bitcoin?

[Nothingtodo]

I prefer to keep money in the bank as an alternative.  Because if I put money in the bank, that money is never considered as my own money because if the bank goes bankrupt for political reasons then my money will go bankrupt too. Also I have full control over my bitcoin wallet but if I keep money in the bank I don't have full control over that money.  That's why I put more emphasis on bitcoins instead of cash in the bank.

[CryptoBuds]

I prefer to keep money in the bank as an alternative.  Because if I put money in the bank, that money is never considered as my own money because if the bank goes bankrupt for political reasons then my money will go bankrupt too. Also I have full control over my bitcoin wallet but if I keep money in the bank I don't have full control over that money.  That's why I put more emphasis on bitcoins instead of cash in the bank.

Bitcoin gives you complete control over your assets but you cannot control the value of your assets. Bitcoin is very volatile and can even lose 10%-20% of its value in just one day, is it wise to put most of your assets in bitcoin, including savings or daily living expenses?

I also hear people talk about banks going bankrupt all the time, but honestly, I want to know if any of us have ever lost money because a bank went bankrupt and were not compensated by the bank.

Also, do we like bitcoin because it gives us complete control over our assets or do we just want to profit and get rich from it?

[justdimin]

Today what causes people to enter the crypto industry and I think most are influenced by the desire to have bitcoin. Even though in practice some people see the potential in other coins to generate profits, the investment they hold still has one name, namely Bitcoin.

I would say that a lot of people get into bitcoin not because of bitcoin itself, in fact I feel like there are so many people who do not care about bitcoin at all, and only reason they get in is to make more fiat, and that's very sad but true. I can see so many people who do make mistakes and I feel like we should be considering this as a big problem because we are seeing this happen all the time and we do not act on it.

We need to make sure that everyone in the crypto world loves bitcoin and they respect it and they want to have more bitcoin, not more fiat. They just want to trade and make more money and because of that they end up with some issues because they focus on the wrong thing so their investments turn into dusts.

[ndutndut]

Bitcoin gives you complete control over your assets but you cannot control the value of your assets. Bitcoin is very volatile and can even lose 10%-20% of its value in just one day, is it wise to put most of your assets in bitcoin, including savings or daily living expenses?

I also hear people talk about banks going bankrupt all the time, but honestly, I want to know if any of us have ever lost money because a bank went bankrupt and were not compensated by the bank.

Also, do we like bitcoin because it gives us complete control over our assets or do we just want to profit and get rich from it?

I think both.
Because we know that bitcoin has full ownership of the assets we have without anyone being able to take it or freeze it and of course buying Bitcoin today will make you rich tomorrow. This is the goal.

Regarding bank failure or losing money in the bank, it is very rare but keeping money in the bank will decrease in value due to inflation, this is for sure. Just look 5 years ago if you had $ 50 how many things you could buy, and compare if you have $ 50 now how many things you can buy, the value of fiat currencies has decreased. But the price of real estate, gold and bitcoin suddenly became more expensive so this is why I prefer bitcoin.

[Odusko]

I prefer to keep money in the bank as an alternative.  Because if I put money in the bank, that money is never considered as my own money because if the bank goes bankrupt for political reasons then my money will go bankrupt too. Also I have full control over my bitcoin wallet but if I keep money in the bank I don't have full control over that money.  That's why I put more emphasis on bitcoins instead of cash in the bank.

Gone are the day's where banks just go bankruptcy without any possibility of accounts holders getting they money, I think time have adviced and lately central banks of countries have drafted measures that take care of such a possibility, and for sure there is no way to say that your money just disappeared from your bank account because of any political reasons, we have what is call the reserve vult where each certified bank's keeps a certain startup capital just Liem issurance in the case of possible bankruptcy, since the implementation of that policy many banks have seat up and avoided any possible attempts to sink to that level at any point in time.

If you say you choose bitcoin as an alternative to the bank, then I can still very well flow with you but saying bank are used for alternative may be a little bit way off the radar, bitcoin is an alternative and bitcoin is the freedom which banks my be limited to give you as an assets holder on such a Bank, many times bank account holders faces it of personal difficulties from access to their accounts, but if it bitcoin and in you own custodial wallet you own 💯 control over your money a d can decide to send it anywhere anytime without restriction or third party involvement.

So in all the best approach is to hold your assents in bitcoin and the double use bitcoin as a major currencies but at the point of exchange for fiat to finance your daily use, and keep low amount of fait if you think of savings in the baniat all

[Cookdata]

You must understand that your money is your own, and it matters to no one else—neither to your partner nor to the state. It is hard-earned and well-deserved. Why would you hand over money to the government that cost you so much and so little to them? Why divulge your personal information on Instagram only to be bombarded with advertisements moments later?

The world is harsh, and they always come after those who think differently. Never doubt that. Hence, it is crucial to encrypt and protect yourself, minimize your exposure on social media, and find solace in the privacy of the night.

I urge you, consider switching to Bitcoin.

The people that controls fiat doesn't want you to have that freedom. There is freedom they said but we are been limited in their own ecosystem i.e the traditional finance system, Bitcoin is the only bailout option but is Bitcoin really the best about full privacy? Bitcoin is pseudonym in character which means you are not completely anonymous but atleast your privacy is protected to some limit but what about fiats we have now included? It's as if we are doing nothing.

Where there is an advantage, there is a disadvantage in it. Government will never allow us to go full privacy, this is why you see that they crackdown any mixer you see because they believe it makes bad people comes around, this is the disadvantage they see. Furthermore, people are not also helping because they are ignorant about data protection with the way they use social media.

[ChiBitCTy]

I prefer Bitcoin not merely for its value, acceptance, or trendiness, nor do I favor it simply for being Bitcoin. I am drawn to Bitcoin for the security, freedom, and privacy it offers. I also appreciate aspects such as elliptic curve cryptography, encryption, and Monero, though I understand you might not grasp all of this. Therefore, when I refer to Bitcoin, I am encompassing all of these elements.

Bitcoin represents a way of life, one that involves enduring ridicule and being labeled as a fool, fraud, or even a drug dealer. Living with Bitcoin is a long-term bet, spanning 5, 10 years, or even more. It means being a holder in the vast expanse of the world, earning respect through your commitment.

You must understand that your money is your own, and it matters to no one else—neither to your partner nor to the state. It is hard-earned and well-deserved. Why would you hand over money to the government that cost you so much and so little to them? Why divulge your personal information on Instagram only to be bombarded with advertisements moments later?

The world is harsh, and they always come after those who think differently. Never doubt that. Hence, it is crucial to encrypt and protect yourself, minimize your exposure on social media, and find solace in the privacy of the night.

I urge you, consider switching to Bitcoin.

It is nice to see others who care about bitcoin for the technological advancements that it brings to the table, versus what I feel most people like about bitcoin, or the future of bitcoin which is "profits".  I found bitcoin back in 2014 at some point, studied it for an entire year before even purchasing any, as I wanted to make sure that I was getting in to something I believed in.  Really I should have purchased some a lot sooner.

I am with you in regards to the points you made here.  Well stated.

[RockBell]

I prefer to keep money in the bank as an alternative.  Because if I put money in the bank, that money is never considered as my own money because if the bank goes bankrupt for political reasons then my money will go bankrupt too. Also I have full control over my bitcoin wallet but if I keep money in the bank I don't have full control over that money.  That's why I put more emphasis on bitcoins instead of cash in the bank.

Money in the bank is important because that is what you will spend and bitcoin should be for investment and even if there are places that bitcoin is accepted as a means of payment I don't think am ready to spend my bitcoin I will rather take out profits then turn it into fair because do you know how precious bitcoin is, it's an assets that it value can grow anytime and you want me to then spend it,  and any money I have in bank is my money because any time I demand for it the band should be ready to get my money for me, the problem I have with banks is that their charges are always much, and they keep charging and charging just for keeping your money, is it not better to just invest it, and make profit from it instead of leaving it for the banks to keep reducing your money till you finish spending it.

Their many times that banks have crashed and when they crash they crash with peoples money, their is always risk in also leaving your money in banks, and when you invest in bitcoin it is not as if your money won't be safe and you will still make profit, I like the way the government is not getting their self involved with bitcoin I love the way it is dentralized, anything the government puts their hands it does not go well and I don't think am comfortable with the government anymore because they are just to corrupt and the officials only care about their self.

[Questat]

I prefer to keep money in the bank as an alternative.  Because if I put money in the bank, that money is never considered as my own money because if the bank goes bankrupt for political reasons then my money will go bankrupt too. Also I have full control over my bitcoin wallet but if I keep money in the bank I don't have full control over that money.  That's why I put more emphasis on bitcoins instead of cash in the bank.

Bitcoin gives you complete control over your assets but you cannot control the value of your assets. Bitcoin is very volatile and can even lose 10%-20% of its value in just one day, is it wise to put most of your assets in bitcoin, including savings or daily living expenses?

I also hear people talk about banks going bankrupt all the time, but honestly, I want to know if any of us have ever lost money because a bank went bankrupt and were not compensated by the bank.

Also, do we like bitcoin because it gives us complete control over our assets or do we just want to profit and get rich from it?

Banks are still useful and people still trusted bank. And there's no wrong with it if you are only saving a small amount of fiat in it. But putting all your money in a bank and let it sleep there, that's a very big mistake. Use it for investment instead, at least you will make a passive income and see your money grows from time to time.

However, with bitcoin, we become the bank of our own. We do have the full control over our funds, and to emphasize that we keep our own private keys, that means that no one can access our funds but only us. That's the most advantage we have in bitcoin.

[lizarder]

Well, things are changing, to be honest. Most people these days are entering the market through newly launched cryptocurrencies and meme coins because they feel they can generate more profit for them in the short term. I know that their ultimate destination can be Bitcoin, once they lose money, get disheartened, and if they don't leave the market after that, they will get into Bitcoin for sure, but it might not be the first choice for many investors these days, unfortunately.

For utilization, people can do different things like buying meme coins to make a profit because everyone who enters this industry is looking for profit. But this is very risky when someone does not understand the process that will occur because meme coins usually only gain momentum once in their journey and after that the coins will disappear. If people are able to make a percentage of the main investment target towards bitcoin, then without buying meme coins they can continue to collect and the way to do it is by using the DCA pattern.

Banks are still useful and people still trusted bank. And there's no wrong with it if you are only saving a small amount of fiat in it. But putting all your money in a bank and let it sleep there, that's a very big mistake. Use it for investment instead, at least you will make a passive income and see your money grows from time to time.

However, with bitcoin, we become the bank of our own. We do have the full control over our funds, and to emphasize that we keep our own private keys, that means that no one can access our funds but only us. That's the most advantage we have in bitcoin.

When someone says that banks are no longer useful, I doubt that person has the ability to trust investing in bitcoin. Why do I say that because banks are government products so their legality is much more trustworthy. While bitcoin is just something that is believed without having a physical form and no legality like a bank created by the government. Saving money in a bank is indeed not profitable because money is not productive, but that does not mean that banks are useless because many people still need banks as a means of developing their businesses or so on.

Bitcoin can also be hacked or stolen when not stored in a much safer wallet because there are many cases of bitcoin loss due to people's mistakes in storing it. Regarding this problem, it really depends on the person and how they can store bitcoins more safely in the recommended place.

[Iranus]

Today what causes people to enter the crypto industry and I think most are influenced by the desire to have bitcoin. Even though in practice some people see the potential in other coins to generate profits, the investment they hold still has one name, namely Bitcoin.

I would say that a lot of people get into bitcoin not because of bitcoin itself, in fact I feel like there are so many people who do not care about bitcoin at all, and only reason they get in is to make more fiat, and that's very sad but true. I can see so many people who do make mistakes and I feel like we should be considering this as a big problem because we are seeing this happen all the time and we do not act on it.

We need to make sure that everyone in the crypto world loves bitcoin and they respect it and they want to have more bitcoin, not more fiat. They just want to trade and make more money and because of that they end up with some issues because they focus on the wrong thing so their investments turn into dusts.

You can't blame people when they are only interested in earning more fiat because after all, fiat is still the main measure of value in our economy. Every activity in our daily lives is tied to fiat, so there is nothing wrong with people trying to earn more fiat.

So far, bitcoin is just an investment, it is not a currency or a measure of value and when it comes to investing, returns are what we care about.

No matter how many bitcoins you own but at the end of the day to spend them, you will have to convert them into fiat currency. So when people want to increase their fiat, it also means people will want to own more bitcoin.

[Sebas.tian]

I prefer to keep money in the bank as an alternative.  Because if I put money in the bank, that money is never considered as my own money because if the bank goes bankrupt for political reasons then my money will go bankrupt too. Also I have full control over my bitcoin wallet but if I keep money in the bank I don't have full control over that money.  That's why I put more emphasis on bitcoins instead of cash in the bank.

Bitcoin gives you complete control over your assets but you cannot control the value of your assets. Bitcoin is very volatile and can even lose 10%-20% of its value in just one day, is it wise to put most of your assets in bitcoin, including savings or daily living expenses?

I also hear people talk about banks going bankrupt all the time, but honestly, I want to know if any of us have ever lost money because a bank went bankrupt and were not compensated by the bank.

Also, do we like bitcoin because it gives us complete control over our assets or do we just want to profit and get rich from it?

Banks are still useful and people still trusted bank. And there's no wrong with it if you are only saving a small amount of fiat in it. But putting all your money in a bank and let it sleep there, that's a very big mistake. Use it for investment instead, at least you will make a passive income and see your money grows from time to time.

However, with bitcoin, we become the bank of our own. We do have the full control over our funds, and to emphasize that we keep our own private keys, that means that no one can access our funds but only us. That's the most advantage we have in bitcoin.

I still trusted bank, despite I am a bitcoiner, because there are some things you will like to purchase in my country and you need to make use of your bank to Carry out the transaction and it will be delivered immediately, because bank transfer is allow in my country compare to cryptocurrency or Bitcoin which is not allow in the country. Saving some found in the bank, it will allow you to have a good opportunity to purchase cryptocurrency or Bitcoin when the bearish season is available in the market, but if you are not using bank as a Bitcoiner in the country, it will be difficult for you to solve some emergency issues that may come your way. With Bitcoin, you have full control of your wallet and you can carry out your transaction without a third party involve, and it will be deliver to who you are sending the Bitcoin to, and transaction details are very clear for an evidence in case anything happen in the future.

[Roseline492]

I prefer to keep money in the bank as an alternative.  Because if I put money in the bank, that money is never considered as my own money because if the bank goes bankrupt for political reasons then my money will go bankrupt too. Also I have full control over my bitcoin wallet but if I keep money in the bank I don't have full control over that money.  That's why I put more emphasis on bitcoins instead of cash in the bank.

Choosing to have a full control over your money is good but if your only reason of choosing Bitcoin is so that you can exempt yourself from a situation of Bank going bankrupt or anything, you should also be aware of the volatility nature of Bitcoin because in as much as you will have a full control over your Bitcoin, volatility is also there to impact on your Bitcoin negatively or positively, so for those who doesn't want to invest but only to keep there money on Bitcoin for self control may not really be a nice approach because that kind of person may not be ready to accept any unforseen decline of Bitcoin price against there money, so actually putting your money on Bitcoin should only be when you want to invest on Bitcoin and not for only the purpose of saving because at that time you have understand the nature of price movement of Bitcoin so that you will not be upset when is not favourable.

[adultcrypto]

Does using bitcoin make you anonymous?

Is Monero an element of bitcoin or a coin of its own?

Mate you have a misconception here and I don't seem to understand why you can't differentiate this forum goals and bitcoin itself, because you are compiling different ideas into your paragraphs.

Please consider restructuring your post because it seems vague to me.

I also read the post twice but I could not fully grasp the point he was making there. How we brough Monero into the post is not also clear because both are entirely different even though there could be some similarity. Furthermore, it has also been established that bitcoin is not completely anonymous/private hence the emergence of mixers which filled that gap even though it did not sit well with the authorities who do not want a complete private and anonymous means of financial transaction. So, I agree with you that the post need to be restructured so the right message could be passed.

[Blitzboy]

I prefer to keep money in the bank as an alternative.  Because if I put money in the bank, that money is never considered as my own money because if the bank goes bankrupt for political reasons then my money will go bankrupt too. Also I have full control over my bitcoin wallet but if I keep money in the bank I don't have full control over that money.  That's why I put more emphasis on bitcoins instead of cash in the bank.

Gone are the day's where banks just go bankruptcy without any possibility of accounts holders getting they money, I think time have adviced and lately central banks of countries have drafted measures that take care of such a possibility, and for sure there is no way to say that your money just disappeared from your bank account because of any political reasons, we have what is call the reserve vult where each certified bank's keeps a certain startup capital just Liem issurance in the case of possible bankruptcy, since the implementation of that policy many banks have seat up and avoided any possible attempts to sink to that level at any point in time.

If you say you choose bitcoin as an alternative to the bank, then I can still very well flow with you but saying bank are used for alternative may be a little bit way off the radar, bitcoin is an alternative and bitcoin is the freedom which banks my be limited to give you as an assets holder on such a Bank, many times bank account holders faces it of personal difficulties from access to their accounts, but if it bitcoin and in you own custodial wallet you own 💯 control over your money a d can decide to send it anywhere anytime without restriction or third party involvement.

So in all the best approach is to hold your assents in bitcoin and the double use bitcoin as a major currencies but at the point of exchange for fiat to finance your daily use, and keep low amount of fait if you think of savings in the baniat all

The old-school banking system has sought to protect your money. Thats good, at some point. But its still their system, not yours. Your money is still susceptible to their rules, choices, and blunders. They've made big ones before. Bitcoin challenges this system. Its decentralized, therefore nobody controls it. Not governments, not banks, not even me. Bitcoin is yours, always. Control and determine what to do with it. Thats real financial freedom.

And in a world where institutional trust is weak, people want financial security and control. Bitcoin gives them that opportunity. Not only money, but freedom. Everyone can support that. Yes, banks have improved. Bitcoin is the future. A new money mindset and control strategy. Thats huge.

[Marvell1]

I prefer to keep money in the bank as an alternative.  Because if I put money in the bank, that money is never considered as my own money because if the bank goes bankrupt for political reasons then my money will go bankrupt too. Also I have full control over my bitcoin wallet but if I keep money in the bank I don't have full control over that money.  That's why I put more emphasis on bitcoins instead of cash in the bank.

Choosing to have a full control over your money is good but if your only reason of choosing Bitcoin is so that you can exempt yourself from a situation of Bank going bankrupt or anything, you should also be aware of the volatility nature of Bitcoin because in as much as you will have a full control over your Bitcoin, volatility is also there to impact on your Bitcoin negatively or positively, so for those who doesn't want to invest but only to keep there money on Bitcoin for self control may not really be a nice approach because that kind of person may not be ready to accept any unforseen decline of Bitcoin price against there money, so actually putting your money on Bitcoin should only be when you want to invest on Bitcoin and not for only the purpose of saving because at that time you have understand the nature of price movement of Bitcoin so that you will not be upset when is not favourable.

Frankly, I don't believe anyone would come to bitcoin, put the majority of their assets into it, and say they're looking for a solution to completely control it without the returns that bitcoin provides. In my opinion, all the reasons like full control, increased privacy, anonymity...are just secondary reasons to cover up their real purpose of investing in bitcoin which is to make profit.

Really, I always feel like there is something wrong when someone chooses a highly volatile and even risky asset as a store of value or a place to protect their money from government control. I believe that everything is for profit, profit is the most important and everything else is secondary.

[Kelward]

I prefer to keep money in the bank as an alternative.  Because if I put money in the bank, that money is never considered as my own money because if the bank goes bankrupt for political reasons then my money will go bankrupt too. Also I have full control over my bitcoin wallet but if I keep money in the bank I don't have full control over that money.  That's why I put more emphasis on bitcoins instead of cash in the bank.

Money in the bank is in the custody of a centralized authority while Bitcoin in the blochchain is decentralized, this is the major difference between Bitcoin and fiat. The advantage of Bitcoin over fiat is that it gives it's holder freedom and privacy meaning that you're your own bank. As long as your wallet private keys and seed phrase is in your custody you have a total freedom over your BTC and your can do p2p transactions with a second party without any interferences from any third parties. Furthermore Bitcoin is a hedge against inflation meaning that it has a finite supply and it's value will always increase in the future, unlike fiat that can be affected by inflation due to the decisions of centralized authorities like the governments.

[legendbtc]

I still trusted bank, despite I am a bitcoiner, because there are some things you will like to purchase in my country and you need to make use of your bank to Carry out the transaction and it will be delivered immediately, because bank transfer is allow in my country compare to cryptocurrency or Bitcoin which is not allow in the country. Saving some found in the bank, it will allow you to have a good opportunity to purchase cryptocurrency or Bitcoin when the bearish season is available in the market, but if you are not using bank as a Bitcoiner in the country, it will be difficult for you to solve some emergency issues that may come your way. With Bitcoin, you have full control of your wallet and you can carry out your transaction without a third party involve, and it will be deliver to who you are sending the Bitcoin to, and transaction details are very clear for an evidence in case anything happen in the future.

Not just you, I believe everyone here has a bank account and still uses it even though they don't like it and talk bad about it every day. Because banking and fiat money are almost intertwined with our daily lives, not just savings or investments. Most everyday bill payments only accept banks and fiat, and I wonder if anyone uses bitcoin to pay everyday bills? Or has anyone invested in bitcoin without going through a bank?

Honestly, I would be skeptical if someone said they don't have a bank account or they don't have money in the bank, I don't believe anyone can survive in this world without banks and fiat.

[As-Soon-As]

I prefer to keep money in the bank as an alternative.  Because if I put money in the bank, that money is never considered as my own money because if the bank goes bankrupt for political reasons then my money will go bankrupt too. Also I have full control over my bitcoin wallet but if I keep money in the bank I don't have full control over that money.  That's why I put more emphasis on bitcoins instead of cash in the bank.

Money in the bank is in the custody of a centralized authority while Bitcoin in the blochchain is decentralized, this is the major difference between Bitcoin and fiat. The advantage of Bitcoin over fiat is that it gives it's holder freedom and privacy meaning that you're your own bank. As long as your wallet private keys and seed phrase is in your custody you have a total freedom over your BTC and your can do p2p transactions with a second party without any interferences from any third parties. Furthermore Bitcoin is a hedge against inflation meaning that it has a finite supply and it's value will always increase in the future, unlike fiat that can be affected by inflation due to the decisions of centralized authorities like the governments.

Usually the money is deposited by people in the bank, it will usually be in the possession of the second person who owns your money. But those who believe in Bitcoin essentially buy Bitcoin with their fiat money and keep it for themselves, and that person owns that money. So why earn fiat money and keep it for others, because if you buy bitcoins with the money you deposit, it will definitely be private to you. 

But if you deposit it in the bank then of course your deposit will be exposed locally and you will have more chance of losing money. So rather than keeping the money in the bank, it is best to buy and hold bitcoins. Because if the funds are kept in buying Bitcoin then it is definitely possible to get the maximum profit.

[Churchillvv]

Does using bitcoin make you anonymous?

Is Monero an element of bitcoin or a coin of its own?

Mate you have a misconception here and I don't seem to understand why you can't differentiate this forum goals and bitcoin itself, because you are compiling different ideas into your paragraphs.

Please consider restructuring your post because it seems vague to me.

I also read the post twice but I could not fully grasp the point he was making there. How we brough Monero into the post is not also clear because both are entirely different even though there could be some similarity. Furthermore, it has also been established that bitcoin is not completely anonymous/private hence the emergence of mixers which filled that gap even though it did not sit well with the authorities who do not want a complete private and anonymous means of financial transaction. So, I agree with you that the post need to be restructured so the right message could be passed.

Apparently, when I make this kind of comments I sometimes feel like I'm being hash to people or being intimidating but the truth is what I can't hide. OP missed up points which are not in anyway connected so I had to try my best to point he or she into the right way even though it doesn't sit well with some people.

All I can advise OP at this point is to make more research or even use some preferred artificial intelligence to put his English or statement in order so the message can be put through properly.
I also appreciate your sincerity on my comment.