Bitcoin gives financial security.

[Zaka1221]

Bitcoin always security. Its good opportunity for the future saving and helpful for the future saving. So don't loose the Bitcoin.  Bitcoin is financially secure. It's easy to use and handling the Bitcoin everyone. But you will be learning the Bitcoin. Now Bitcoin is a help to the everyone financially support.

Bitcoin is unique investment in the market. No project is like BTC because many projects are associated with the BTC and BTC is decentralized and no body can control your investment because BTC is decentralized and famous all over the World due to huge success. There will be many people who will adopt BTC in future because many people don't know the benefits of BTC and there are many many scammers and people are afraid to investment money on online platform but in future more investors will come in BTC market which will make price of BTC double or triple.No third party can interfere in the buy and sell of BTC and no one can know the identity of person who has BTC in Wallet .

[MusaMohamed]

Bitcoin is unique investment in the market. No project is like BTC because many projects are associated with the BTC

Bitcoin is unique and the best cryptocurrency, but what does "many projects are associated with the BTC"?

Bitcoin is not associated with those projects, and oppositely those projects try to use all tools they can to make their projects look to be associated with Bitcoin. In fact those projects have no actual association with Bitcoin, and only their names, lies have Bitcoin in it.

Bitcoin forks, for example, are they associated with Bitcoin?
No.

https://101blockchains.com/bitcoin-forks-list
https://forkdrop.io/how-many-bitcoin-forks-are-there
https://forkdrop.io/list-of-bitcoin-forks

Those forks are shitcoins and most of forks are dead projects now.

[doomloop]

Does that mean we should be using banks and never touch bitcoin? Because that’s what you are telling us.

Never expected this, because his title is saying the opposite of it. Financial security can also have other meaning, like we now have more money on hand. And with that, BTC can be a winner because we know that it has a higher return if we invest on it but if we are talking about financial security like we can have a slimmer chance of being hacked, then I think banks can win here.

We don’t have to choose one over another. Use whatever that fits your needs best.

The only moment that we will choose for one, is if we are now feeling pressured. Obviously we will always go on those that we are comfortable the most. This is not only applicable to the normal individuals but also to the government and banks. This is why some governments banned BTC and this is why some banks banned BTC as well.

[AmoreJaz]

It is worthy to note that Bitcoin operates on a decentralized network, This means no central authority or government controls it, Bitcoin gives full financial security and you have privacy you alone controls your money, when you invest in Bitcoin you won't have to worry about government policy, in the time of war or conflict your investment is secured.

That's true! The decentralized nature of Bitcoin provides a lot of security and control over your finances.
It's amazing how it eliminates the many risks associated with physical banking and investments. The kind of privacy and autonomy you get with Bitcoin is definitely appealing as well, especially in uncertain times.
It feels great to see more people recognizing these benefits of decentralized systems like Bitcoin, it sings that future will be good for it.

Though for crypto holders or enthusiasts, there's somewhat security in this market, most noncrypto users won't find this market secure and safe.
Aside from volatility factor, the notion that there are so many scammers on this market is indeed happening. So if you are not well-versed in crypto market, better not plunge into this. Otherwise, there's no security in this market. Also,  each project has their own features that make them unique and difficult to keep up without being updated with the current scenario. But if you will devote your resources with btc alone, would be easier to handle as we all know, it won't disappear overnight unlike new alts. However, we can't guarantee that in the future, it may become obsolete. So prepare also on this potential happening. There's no absolute thing that you can always rely on in this digital age.

[wheelz1200]

I mean that literally is the basis of why bitcoin and cryptocurrency was born.  Financial freedom and true ownership over your money while not holding it in fiat.  I agree with all of those statements ypu made and if thats not the best selling point for bitcoin i dont know what is.

[Ziskinberg]

I mean that literally is the basis of why bitcoin and cryptocurrency was born.  Financial freedom and true ownership over your money while not holding it in fiat.  I agree with all of those statements ypu made and if thats not the best selling point for bitcoin i dont know what is.

Financial freedom isn’t the right term here because investing in Bitcoin doesn’t automatically guarantee financial independence. Sure, Bitcoin gives us the freedom to spend our money however we want, without any third party controlling it, but that alone doesn’t define financial freedom.

Here’s the actual definition of financial freedom:

What Financial Freedom Means & How to Get It

Definition of Financial Freedom
Financial freedom means having enough income, savings, and investments to live the life you desire without relying on a traditional job. It’s about having control over your finances and the choices you make.

[CryptopreneurBrainboss]

It is worthy to note that Bitcoin operates on a decentralized network, This means no central authority or government controls it, Bitcoin gives full financial security and you have privacy you alone controls your money, when you invest in Bitcoin you won't have to worry about government policy, in the time of war or conflict your investment is secured.

That's the biggest upside of investing in Bitcoin, it gives full control of your money. Not many people can say they have full control of their money and can have access to it anytime that they want but when you're a Bitcoin investor, you can always say that especially when you are making use of self custodial wallet. 

With great power comes great responsibility so you have to be the one to protect your money when you're invested in bitcoin and this task is some of the reason people are running away from being the custodial of their money.

They want to give the responsibilities to someone else so they have people to blame when they lose their money and not themselves. You can't be investing in a decentralized currency and still be operating like you're in the centralized world, that doesn't make any sense.

[landheer]

Bitcoin is an excellent means of storage, unlike banks, it belongs to the owner and only the owner. At the same time, the whole world has already recognized Bitcoin, and it has really become strange to store money in banks that do not provide good deposits for dollars, but only in places of currencies that are subject to such strong inflation that storage loses all meaning at all, and then it turns out that it is more profitable to simply store dollars at home because in this case your money is at least in your hands and not in a bank that can burn out. And in this case, cryptocurrencies, and Bitcoin in particular, become the most definitely the best means of storing money.
And I am glad that everyone on this forum understands this.

of course, rather than keeping dollars at home or in the bank, it will not make more, moreover having large savings for the long term is less effective, and it is true that the solution is in crypto, especially in bitcoin which is the choice and it will experience good potential in it, there must be hope and development in the future, and there will benefits that are felt.

[Sticky Bomb]

I heard about something that happened some time ago where a man won a huge some of money in gambling and he decided to save the money in a particular bank the money was there and later on the bank was closed down and he had to go through a lot of procedures to get his own money he was paid half of the money with promise of completing the payment soon, this won't happen if you saved with Bitcoin.

Some people have had their funds in CEXs and it shut down, leading to heavy financial loss. Many people who has their bitcoins and Ethereum in FTX collapse, especially bitcoiners may be really unhappy when they start the proposed repayment because according to what I read somewhere, they plan paying $2500 per eth and $20k per Bitcoin which was the worth as at the time of it's collapse in 2022.

Having funds in CEX is very unsafe, you only have total control over the coins in your decentralized, open source wallets.

There was a story where a banker sends customers details to scammers and they have succeeded in scamming a lot of people, this won't happen if you save with Bitcoin.

It is worthy to note that Bitcoin operates on a decentralized network, This means no central authority or government controls it, Bitcoin gives full financial security and you have privacy you alone controls your money, when you invest in Bitcoin you won't have to worry about government policy, in the time of war or conflict your investment is secured.

Beyond decentralization and avoiding exchanges, how we suggest our seed phrases matters a lot. We didn't screenshot them and save in h gallery since there are legitimate apps that can scan our gallery and have access to our images, neither should we store them online since online accounts can get hacked and our seed phrases compromised. It's better we store them securely offline and limit people's access to it's location environment.

[Z_MBFM]

Bitcoin definitely gives us financial security. In the case of coins, it is completely under our own control, so we do not need any authorization to control our funds, like keeping money in banks or other institutions. So in this case of course Bitcoin gives us freedom as well as financial security. But here you must be careful to keep your wallet safe. Because there is no authorization needed, if someone gets a quality key, they have the ability to transfer full bitcoins. So just as it gives us financial security, it can destroy our finances if we don't keep our wallets secure.

[Cgrexp]

I heard about something that happened some time ago where a man won a huge some of money in gambling and he decided to save the money in a particular bank the money was there and later on the bank was closed down and he had to go through a lot of procedures to get his own money he was paid half of the money with promise of completing the payment soon, this won't happen if you saved with Bitcoin.

I also heard of a man who was into real estate investment and because of a new policy established by their government he lost a lot of money and that was how he went bankrupt, this won't happen if you invest with Bitcoin.

There was a story where a banker sends customers details to scammers and they have succeeded in scamming a lot of people, this won't happen if you save with Bitcoin.

It is worthy to note that Bitcoin operates on a decentralized network, This means no central authority or government controls it, Bitcoin gives full financial security and you have privacy you alone controls your money, when you invest in Bitcoin you won't have to worry about government policy, in the time of war or conflict your investment is secured.

As you say it really happens in many places that many people face financial loss due to changes in banking system, government policy or any other.  Meanwhile, since bitcoin is decentralized, there is no possibility of financial loss.  However, no investment is completely risk free. It fluctuates in value.  Apart from this, measures should be taken on one's own responsibility to protect the personal wallet from cyber crime and hacking.  With proper knowledge, safe storage and long-term planning, it will become a powerful asset for the future.

[ovcijisir]

I heard about something that happened some time ago where a man won a huge some of money in gambling and he decided to save the money in a particular bank the money was there and later on the bank was closed down and he had to go through a lot of procedures to get his own money he was paid half of the money with promise of completing the payment soon, this won't happen if you saved with Bitcoin.

I also heard of a man who was into real estate investment and because of a new policy established by their government he lost a lot of money and that was how he went bankrupt, this won't happen if you invest with Bitcoin.

There was a story where a banker sends customers details to scammers and they have succeeded in scamming a lot of people, this won't happen if you save with Bitcoin.

It is worthy to note that Bitcoin operates on a decentralized network, This means no central authority or government controls it, Bitcoin gives full financial security and you have privacy you alone controls your money, when you invest in Bitcoin you won't have to worry about government policy, in the time of war or conflict your investment is secured.

As you say it really happens in many places that many people face financial loss due to changes in banking system, government policy or any other.  Meanwhile, since bitcoin is decentralized, there is no possibility of financial loss.  However, no investment is completely risk free. It fluctuates in value.  Apart from this, measures should be taken on one's own responsibility to protect the personal wallet from cyber crime and hacking.  With proper knowledge, safe storage and long-term planning, it will become a powerful asset for the future.

While OP gave examples when person lost money by thrusting bank, there are much more examples when people lost money to crypto scams and hacks.

It is important to always keep in mind that in crypto you are your own bank. So if you make mistake and compromise wallet/ private keys it can cost you all your. funds and there will be no safeguards or government to return your funds to you.

[freedomgo]

While OP gave examples when person lost money by thrusting bank, there are much more examples when people lost money to crypto scams and hacks.

Users should be aware of the insurance coverage provided by banks. While it’s unlikely for a bank to shut down, the risk still exists just as described in the OP. As per insurance policies, deposit payouts are limited to the maximum coverage allowed.

on the other hand, when it comes to crypto scams and hacks, these are mostly due to user error, a lack of knowledge and preparedness puts us in a high-risk situation, making us more vulnerable to losses.

It is important to always keep in mind that in crypto you are your own bank. So if you make mistake and compromise wallet/ private keys it can cost you all your. funds and there will be no safeguards or government to return your funds to you.

There’s no insurance here, and that’s the biggest risk of managing our own bank. But in exchange, we get to fully enjoy anonymity especially if we store our funds in a non-custodial wallet.

[Bitcoin Smith]

It is worthy to note that Bitcoin operates on a decentralized network, This means no central authority or government controls it, Bitcoin gives full financial security and you have privacy you alone controls your money, when you invest in Bitcoin you won't have to worry about government policy, in the time of war or conflict your investment is secured.

I will give you some scenarios where you could lose Bitcoin too.

There's a news that's affecting negatively the crypto and the price of BTC plummet 40% overnight so effectively you lost 40% of your value.

You installed a malware unintentionally that wiped all your Bitcoin and now you lost 100% of your Bitcoin.

You deposited funds to an exchange and they were hacked now you lost your Bitcoin.

So having Bitcoin doesn't mean you can't lose, it's the decentralisation where no one in charge of the funds other than you but it doesn't mean it gives protection against the financial value of your assets. Set your priorities right before wanting the Bitcoin for yourself.

[G_Besar]

of course, rather than keeping dollars at home or in the bank, it will not make more, moreover having large savings for the long term is less effective, and it is true that the solution is in crypto, especially in bitcoin which is the choice and it will experience good potential in it, there must be hope and development in the future, and there will benefits that are felt.

Bitcoin has become the right choice for investment by everyone and it is not only now, but from the previous few years it has also become a fairly appropriate option for future investment. However, for some people who are not yet aware of this, of course, they must be advised so that these people do not get carried away by just saving money without investing in Bitcoin. Because long before this year arrived Bitcoin had shown its resilience as the best asset so it is appropriate to be trusted as an investment option for everyone.