A question that hit me 🎯 hard

[ColdLava40]

But what do you people think? Do you think there is a better approach to this solution of mine?

Bitcoin has always been an hedge against inflation. Speaking of failure, it depends on what we all imagine as a scenerio where Bitcoin will fail.

I could think of one, where in the future a new technology would emerge. That's which would be more advanced than Bitcoin and offers more features Bitcoin doesn't (is there any?).

In life we all take risk without knowing what the outcome would be. So it won't be a good reason not be invest into Bitcoin Because we are scared of uncertainty. If Bitcoin eventually fails, it won't be the end of the world. We will have to live with that.

[tread93]

I have literally turned Bitcoin into my bank where I store all my money because the fiat in my country is very bad and inflation hits it faster than most fiat currency of other countries.

But then someone strike me hard with a disturbing question, he said, what if Bitcoin do failed in the future? What is my plan for that?
He said, we don't know if Bitcoin will have a better future tomorrow, imagine you having everything in Bitcoin and something happened.

This got me good, it got me thinking if I am doing in wrong? Presently I am escaping that inflation but my response to him is life itself, maybe I won't even live long to see Bitcoin fail?

But what do you people think? Do you think there is a better approach to this solution of mine?

I mean shit its even riskier to have it all in fiat. Thats what you really need to worry about! Fiat is a slow death and has been slowly eating at our purchasing power over the decades. Bitcoin has done the opposite. All just depends what side of the coin ya wanna be on I guess

[laijsica]

But then someone strike me hard with a disturbing question, he said, what if Bitcoin do failed in the future? What is my plan for that?

Buy Bitcoin with your excess available funds or through discretionary income. You will not regret this smart investment strategy in the future. Those who do not understand Bitcoin may ask such questions and their question is logical. You should say that nothing in the world is stable and it is not impossible if Bitcoin falls in the future. A risk-tolerant strategy is to accumulate Bitcoin regularly through discretionary income.

[UchihaSarada]

While we can say that the future is uncertain for everything. With bitcoin, it's here to stay and we have to take that as a real fact. That bullishness for bitcoin is the same for me. I have no doubt for it in its future because for how it went throughout the years, we've seen how it's tested its resiliency. But I won't disagree even with it here to stay, the future is uncertain and only us can unfold it when we pass through the years.

Bitcoin is here to stay, I can not disagree with you but more than that, it will grow more. Even so, Bitcoin growth in adoption, value and price will not be rosy and smooth with time, as history of this market shows high volatility with bull and bear market, ups and downs, market crashes and chaos, people who are in this market with money spent for bitcoin will have to prepare for such volatile and wild events.

If they can go through such events well, and can hold their bitcoins without panic sale or market liquidation, they will be able to enjoy their Bitcoin portfolio growth in value. It's only matter of time and whether they can do their tasks well, the rest things belong to Bitcoin which will do its jobs excellently.

[Betwrong]

Bitcoin is here to stay, I can not disagree with you but more than that, it will grow more. Even so, Bitcoin growth in adoption, value and price will not be rosy and smooth with time, as history of this market shows high volatility with bull and bear market, ups and downs, market crashes and chaos, people who are in this market with money spent for bitcoin will have to prepare for such volatile and wild events.

If they can go through such events well, and can hold their bitcoins without panic sale or market liquidation, they will be able to enjoy their Bitcoin portfolio growth in value. It's only matter of time and whether they can do their tasks well, the rest things belong to Bitcoin which will do its jobs excellently.

I'm sure you're right in the long term, but nevertheless, not all of your money should be invested in BTC. I'd suggest only investing money that you don't expect to need within the next five years. I mean, if you're making a lot, it can be 50%, but normally it's 10–20%, no more than that.

[Somegory]

I have literally turned Bitcoin into my bank where I store all my money because the fiat in my country is very bad and inflation hits it faster than most fiat currency of other countries.

But then someone strike me hard with a disturbing question, he said, what if Bitcoin do failed in the future? What is my plan for that?
He said, we don't know if Bitcoin will have a better future tomorrow, imagine you having everything in Bitcoin and something happened.

This got me good, it got me thinking if I am doing in wrong? Presently I am escaping that inflation but my response to him is life itself, maybe I won't even live long to see Bitcoin fail?

But what do you people think? Do you think there is a better approach to this solution of mine?

I mean shit its even riskier to have it all in fiat. Thats what you really need to worry about! Fiat is a slow death and has been slowly eating at our purchasing power over the decades. Bitcoin has done the opposite. All just depends what side of the coin ya wanna be on I guess

Exactly my thoughts, there is absolutely nothing that I am missing out staying away from fiat, banks keep using my money at my bank and they can't give any percentage back to me because they don't want people to know.

Under a year my bank account is already suffering from high inflation, the money isn't as valuable like before, it's literally this bad for people keeping money in the banks.

I don't regret storing my money in Bitcoin and I won't listen to those saying things to my ear, but I can consider having some money in Gold later this year, still I believe that Bitcoin the best place to be.