<snip>
This will be actually a wrong assumption and might also be a wrong decision then, because if they have left their money in traditional banks I think they would still have same figure of the money but let’s realistic that would be less in purchasing power as we have now. $100 in fiat currency two years ago would have reduced in purchasing power by now but that doesn’t translate to bitcoin because it is not affected by inflation. Investing in bitcoin you only lose only when you convert to fiat currency.
You are right if what I said happens to most people, it would be a wrong assumption for those of us who understand it differently from how they understand it. We have assumed that it has the potential to save our financial future. Meanwhile, there are still those out there who assume the same thing as Bitcoin prices continue to decline slowly without rebounding. They may not say it directly to others, but they will invite people who have encouraged them to invest in Bitcoin to discuss it.
This is one of the characteristics of people with FOMO who do not fully understand how money works.
<snip>
Bitcoin transactions are not private though they actually just provide anonymity but the transaction is actually public on the blockchain
In Bitcoin, yes, all transactions are recorded. Transparency is proven. Others can view transactions by having the address.
In real-world activities, you can create or see for yourself how interactions seem unimportant regarding privacy.
