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Author Topic: The simplest explanation why you should consider Bitcoin  (Read 959 times)
Somegory
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Today at 10:20:25 AM
 #101

The banks are only your friend when the money, I mean your own money that you plan to withdraw is very small, once you want some big amount of money you are in trouble, the stress you would go through can be so unprepared for.

Bitcoin knows no restrictions, Bitcoin puts no limit on your balance for some reasons, no verification, no id checks and all that, it's just way forward even if it's millions in there, it's no one's business.

This is why Bitcoin will always stand out from all the innovation ever created, there is nothing that's ever gone against the banking system and did it as clean as Bitcoin did.


BitcoinLitingNetwork
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Today at 10:57:34 AM
 #102

As the entire world transitions towards electronic forms of currency, with payments increasingly made via credit and debit cards, we can expect Bitcoin to play a significant role as a digital currency. The adoption of digital currencies is set to grow in the modern world, as people naturally prefer the most convenient methods available. Given the global preference for electronic transactions, Bitcoin holds a strong position in this landscape.
9ja Amaka
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Today at 03:29:38 PM
 #103

Watching videos is interesting but sometimes if you want to check something back, you will need to spend more time than what you need with a book, a document, an article or a website.

I would prefer to read and note important things while reading because it's helpful and time saving for me later. These following resources for reading are very information and provide almost most fundamentals but important for people who want to learn about Bitcoin and intend to become Bitcoiners.

Bitcoin illustrated explanation for beginners.
The bullish case for Bitcoin.
I disagree. Readable resources are important for the learning process, but to be honest, I prefer video resources, and most importantly, if the video resources have practical demonstrations or illustrations, it will help with learning Bitcoin.

As far as I know, this topic wasn't meant to remind people which option of learning is best for them. Anyone can go. It is left for the person to decide if they will use all resources to learn about Bitcoin. In addition, the video on the topic best explains why Bitcoin was created to do what the traditional banks are not doing in a nutshell.

Zlantann
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Today at 04:38:09 PM
 #104

I think that's where bitcoin beats the traditional fiat system by giving the responsibility of taking charge of our finances without having an agent involved. The decentralisation of bitcoin can be the very reason the traditional system doesn't align with it and how it gets criticized by the controllers and financiers of the system to make bitcoin look bad and uninterested for people. But I keep telling people that bitcoin is only an alternative to the fiat currency, and it's only people who wants financial freedom and can handle responsibility that would always want to adopt bitcoin and use it as investment asset.

I highlighted those words because it is essential. Some people have sought advice regarding investing in the crypto industry. Some of them refuse to continue when I tell them about the responsibility. They prefer to keep funds in centralized platforms because of security. They claim that they can get their money back if banks or other financial institutions are hacked or go bankrupt. Meanwhile, they fear that if anything happens to their wallets, their coins are gone. For this reason, they prefer to deal with centralized financial institutions. If they want to enjoy freedom and privacy, then they would have to be prepared to take responsibility.

R


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