Benefits of Bitcoin over Fiat

[Alonso_]

Look there is a huge difference between buying and holding bitcoin, and also holding fiat, because why are my saying this I have seen a situation where people would prefer to keep their money in the bank, and any money in the bank wouldn’t have any value, but when you buy and invest in bitcoin the money will definitely have a value, instead of everything depreciating, as long as you keep buying and holding consistently then I must say you have a huge advantage compared to someone who isn’t investing in bitcoin, when you are investing in bitcoin you’ve more higher opportunity of having profits, but when you’re not investing and keeping fiat in the bank and saving money somewhere else, then I must say you don’t stand any opportunity for Profits.

[davis196]

It was clear that we needed this freedom in handling our financial economy and this cannot be granted by the government except we take it by ourselves, this is why we embrace bitcoin over any other form of traditional currency that exists, because we want a cheaper cross-border transaction fee, privacy, and trust to handle our finance is all by ourselves.

OP, this is a Bitcoin forum. Most forum members here are Bitcoin supporters. Are you trying to convince someone that Bitcoin is better than fiat on a Bitcoin forum? Are you making such posts only to boost your post count? We are already familiar with all the advantages of Bitcoin over fiat and all the flaws of the fiat monetary system. Handling our finances by ourselves is something, which not even most of the Bitcoiners go. There are still many people in the BTC community, who rely on centralize crypto exchanges and third-party crypto companies to handle their finances.

[cxtreenal]

Bitcoin decentralized policy is easily understood as a complement to fiat not against it. Many people are poor due to the quicksand of some country's economy. Bitcoin is an alternative financial system and a convenient position because inflation does not affect it much because its supply is limited.

The conventional financial system forces you to accept the immature policies given by the government, but Bitcoin is a store of value as an asset. The purpose for which Satoshi invented the Bitcoin structure was to transform it into an independent financial system centered on individuals which is largely succeed now a day. From this important system of the individual-centered system, Bitcoin is gradually being accepted at the institutional level and later at the corporate level and finally through legal tender. More importantly some states in America have adopted the policy of accepting Bitcoin as a strategic reserve.