Bitcoin Is risky... But living on fiat is riskier

[GreatArkansas]

(....)
What's your opinion. Do you think people reject Bitcoin because it is truly too risky... or because its risks are easier to see than the risks of fiat?

I think it's a lot of people reject Bitcoin not because it is uniquely risky. As we all know, Bitcoin is a new thing in this generation; still, a lot of people don't believe in it.
Since Bitcoin is still new, for sure, people will tend to compare it to fiat, which people are more familiar with. That's what you mentioned about losing its purchasing power over time, which is kinda not a big deal for common people because they can't actually feel it at the right moment. So, many people underestimate fiat risk because it's the most familiar thing they know.

[terrific]

Do you think people reject Bitcoin because it is truly too risky... or because its risks are easier to see than the risks of fiat?

I think that's one of it why many rejects it because they can't bear the risk that it has got.
I've talked to my colleagues before when I want them to know about bitcoin and they've said the same thing, one of it is about the risk.
They know how highly volatile it is and they cannot take that so, they're staying to the traditional assets where move isn't a lot.
While it's with the investments that involves fiat, they know what they need and where to invest and that's very okay.

[Somegory]

Bitcoin is beneficial over all, the Volatility does nothing negative on my own side, ii don't get why this is a big problem for so many people because normally when volatility happens it doesn't take forever for Bitcoin to recover.

Bitcoin is the real solution to world fiat inflation, it works perfectly, but it seems people are used to seeing their money on their bank app and satisfied with it, even if the amount stays the same it's slowly shrinking in value.

I don't think that I will ever regret moving all my money into Bitcoin, so far it's been worthy even while the price is going down, I don't care much about that.

[AmaGold70]

One of the most common argument against Bitcoin is that it is “too risky.” some point to volatility, price drops, and uncertainty as reasons to stay away... And decide keeping their money in cash and traditional savings feels safer...

I understand that investing in bitcoin involves risk, but this risk can be properly managed. But before we fuge ahead, and before delving into bitcoin investing, it is necessary you understand how bitcoin works, and how you can keep your investment safe, and once you are well guided with these ideas then you are good to go.
To me, I feel the biggest risk you can face as bitcoin investor, is when you compromise with your wallet, and when you engage in bitcoin short term investing, otherwise you are sure of good profit on the long run.
Keeping your money in cash is not a safe way of keeping money. Fiat currency is liable to inflation, and devaluation, but when you keep your money in bitcoin, the value appreciates with time, and your financial future is assured, and secured.

[KiaKia]

By now I should have the answer if Bitcoin is better than fiat or not because it's been a long time that I have been practicing living on Bitcoin only, I still exchange Bitcoin to fiat don't get me wrong but I've never regretted my decision so far, it's been since 2017 now.

I have been converting 90% of my income into Bitcoin and if the unexpected spending arises is when I will exchange some Bitcoin back into fiat, this was how I have been living since 2017.

My local currency have done nothing but keep becoming a bi**h since that time, it's value keeps degrading till today and it looks like it will keep getting worse every day, I made the best decision ever.

[crwth]

Most people near me don't want to learn how to invest in it, or even download an app just to buy it. Yes, there are some apps that make it easy to buy BTC, but it's not the real thing, because HODLing BTC in self-custody is important IMO.

For your second argument, the living on fiat, it should be considered what fiat you have because there might be better currencies to preserve the value first, and vice versa.

Currently, I buy some and sell some to increase the value of the capital I have in trading.

[purple_sparkles]

I think fiat currencies are not the most effective way to preserve purchasing power over time, because inflation gradually erodes the value of all fiat currencies. When you add global instability and the ongoing shifts in power and influence between nations, I don't see fiat as a particularly reliable store of value. From this perspective, bitcoin appears to be a more attractive alternative.

[ImGenius]

Mostly I don't like fiat for two reasons first is government keep printing more money so value goes down, second bank goes bankrupt, we can't keep high amount of money at home so need to put in a bank but bank goes bankrupt and we have to lose all the money. Although insurance gave small amount back it's not near what was in the bank. I don't care what people think But Bitcoin is different it has fixed amount that's why even if it's price drop it goes back to high price after some time. And if i put Bitcoin in my wallet it owner is only me no one can tuch it. That's the reason I prefer Bitcoin most.