The simplest explanation why you should consider Bitcoin

[JunaidAzizi]

Yeah, that's true the traditional system is so controlling that even your money is not easy to get back. In that video, the deposit was so easy they welcomed it and took the money, but when he was asked for the withdrawal, the bank management made it too difficult, going through a process to get your money back. Meanwhile, Bitcoin is the best solution for this you can deposit and withdraw your money in just a few easy steps whenever you want. Bitcoin allows you to retain ownership of your money, and you can decide when to get it back.

[Renampun]

https://www.instagram.com/reel/Dd9MVAtu4M0/?stkn=MTd4d3RvaHVzbzVhbw==

Watching that video really tested my patience because how is it possible that you just want to take your own money but you're treated like a beggar.. I think this is why people say dealing with banks is so troublesome because when you want to deposit money, they roll out the red carpet for you, but when you want to withdraw your money, they immediately give you a ton of paperwork that you have to complete.. but that's how it works, and that's why Bitcoin was presented to be an alternative where people become their own bank.

[Primark]

It becomes funny annoying when you realise how the bank system works when you are using Bitcoin or the crypto community services. The money in a commercial financial system is yours until you give/deposit it into the bank, then it is no more yours. Using Bitcoin is way more safer and easily accessible than any banking system around the world.

That's not true, when you deposit money in a bank, the bank takes responsibility for returning your money. Again, there are some countries where there is protection like deposit insurance. As long as the bank is intact, you can go and withdraw your money. But I understand your main point, that there is no banking system as safe and accessible as Bitcoin. Because here I don't have to rely on any third party. But with freedom comes responsibility. If someone is unable to fulfill their responsibilities properly, if someone loses the seed phrase, sends Bitcoin to the wrong address or does not maintain wallet security properly, then this safe and accessible system can become risky and difficult to access.

[ColdLava40]

CEX maybe convenient to use by people, but the problem is they choose to entrust their Bitcoins to a company. Which is not really good decision to do. That's why Not your keys, Not your coins always reminder is good to look at. Because users doing this always face the consequences because they are exposed on lots of risk in crypto space.

The great advantage of bank is this is heavily regulated and have insurance, while if we talk about exchange the only thing we have is huge trust of their reputation.

So if they really want to store more Bitcoins, better do it on non custodial wallets on which they have full control of their funds.

I still don trust banks bug we use them because they are the only way to navigate your local currency.

Banks or cex, as long as it's is owned and operated by third partys they will never be safe.

The only advantage that banks have ove a centralized exchange is the fact that it is often rare for banks to experience such hacks. The year alone we have had series of hacks on many online platforms that stores users funds in their controlled wallet.

This gives us more reason to understand that Bitcoin should be a major focus if really want to experience that level of freedom that seems imaginary.

[Cookdata]

I was a little surprised to see this video, In a country like UK, you have to give a day's notice to withdraw $10,000. Although I am from a developing country. Still in our country if we go to withdraw $10,000 equivalent from a fiat bank, we just have to submit our NID card and if the bank has reserves on the same day, they give us cash. Anyway this is the difference between the traditional banking system and self custody. When you deposit money in a bank, you don't own that money. That money stays with the bank and the bank just shows you a number. And that's why  Bitcoin was born.

Bitcoin decentralised aside, I think the banking system in some countries is very strict with money withdrawal policy. I can have $10k equivalent to my local currency withdrawn from my bank, and my bank will not stop me, hell will let loose that day if they try. This slavery of the banking system are just a way the Fed reserve liquidity between banks because there is a limited supply of fiat that can go round the number of approved banks.

I think centralized exchange have this limiations of withdrawals too, most of the top tier exchange allowed a level 1 KYC account to withdraw 1 Bitcoin and other top tier levels have access to max of $1m worth of Bitcoin, some do round the figure to 10 Bitcoin. I mean. If you ask them, they will say it is for security reasons but we all know the reasons why they do this most of the time.

[I_Anime]

https://www.instagram.com/reel/Dd9MVAtu4M0/?stkn=MTd4d3RvaHVzbzVhbw==

That Instagram video depicts the advantage Bitcoin has over the traditional financial system, with that video you need not say much again to describe what you as an individual will gain from Bitcoin.

Also the video expatiate the financial slavery of the traditional financial system in such a short video, the burdens you need to bear to get your own property and shows that it is not truly yours in the traditional financial system.

I can literally relate with this video. I literally stood at the bank almost an hour and still endup not doing what I came for . To be honest the traditional bank can be stressful sometimes, as seen in the video . The concept is all about not you been totally the owner of your asset when deposited in a traditional bank that’s why he ended it with “ apparently it’s your money until you want it back “ , same with  “Not your keys Not your coin “ . To be honest Bitcoin as reduce most of the stress . like, from my comfort I can literally send money across the globe with Bitcoin .

[Rockstarguy]

Using Bitcoin is way more safer and easily accessible than any banking system around the world.

It is very unfortunate. Despite how bad the banking system is, we can't completely abandon it because we still need it for our everyday spending due to the volatility of Bitcoin. But as far as the long term is concerned, we can actually do without the banking system.

When a substantial amount is kept in the banking system, they try to frustrate owners from accessing it because they expect everyone to keep their money in the bank for a long time. However, those who understand the value of Bitcoin and the freedom of controlling one's money will prioritize hodling Bitcoin and leaving it out of the hands of the banking system.

[Churchillvv]

It is a coincidence that I watched the video just some minutes ago on YouTube: https://youtube.com/shorts/fuHaZIxS09s?si=WAqWnWjSFQ39v1Km

Good comparison with Bitcoin, banks would be so easy for you to deposit but when you withdraw they will give you a headache with a lot of requirements. That system is the main reason why Bitcoin was born, so f* them.

Beside the whole process being a scandal to the ordinary man, bitcoin existence hold its core values on the appreciation which fiat and the bank system does the opposite, when you keep in their hands you get debited for them holding for you and when you hold bitcoin you get credited not by anyone but itself appreciate, making them directly opposite. Their are more values too but this over rides them in my opinion since they used that to weaponize against the ordinary man by making them poor as they keep saving and bitcoin make them richer as they keep holding.

[Davidvictorson]

It is a coincidence that I watched the video just some minutes ago on YouTube: https://youtube.com/shorts/fuHaZIxS09s?si=WAqWnWjSFQ39v1Km

Honestly I do not see anything wrong with the video content. Not that I am saying you implied something was wrong though.
In my estimation, these are all checks and balances to ensure that the banking system doesn’t collapse. Imagine everyone onto withdrawal their all their monies they deposited just the previous day or some days ago. That would be catastrophic.
We should also remember that banks are also financial institutions who also conduct their own business to generate profits too.

[CryptoHeadlineNews]

https://www.instagram.com/reel/Dd9MVAtu4M0/?stkn=MTd4d3RvaHVzbzVhbw==

That Instagram video depicts the advantage Bitcoin has over the traditional financial system, with that video you need not say much again to describe what you as an individual will gain from Bitcoin.

Also the video expatiate the financial slavery of the traditional financial system in such a short video, the burdens you need to bear to get your own property and shows that it is not truly yours in the traditional financial system.

I literally just watched the Instagram video you just shared above, and to be honestly speaking, it indeed proves how we tend not to have control over our money immediately it is deposited into our traditional bank, despite the fact that the money is said to be our own. And it's obvious that this is how the monetary system have been for many decades, not until Bitcoin came and offered us the straight system where we can always have access to our money. Because If it was Bitcoin that man invested/Deposited that amount inside and came the next day, he would have had access to it at ease without stress, unlike the multiple protocol requirements given back those banks.

[L E G E N D A R Y]

I was a little surprised to see this video, In a country like UK, you have to give a day's notice to withdraw $10,000. Although I am from a developing country. Still in our country if we go to withdraw $10,000 equivalent from a fiat bank, we just have to submit our NID card and if the bank has reserves on the same day, they give us cash. Anyway this is the difference between the traditional banking system and self custody. When you deposit money in a bank, you don't own that money. That money stays with the bank and the bank just shows you a number. And that's why  Bitcoin was born.

The most interesting difference is not just about how quickly one can withdraw money but who actually have the final control over it. It’s true that the bank can make access very convenient but the fact still remains that they are in control of that money, and that’s exactly what self custody kicks against and trust me, it’s way better.

[SPIDERMAN008]

Yeah, that's true the traditional system is so controlling that even your money is not easy to get back. In that video, the deposit was so easy they welcomed it and took the money, but when he was asked for the withdrawal, the bank management made it too difficult, going through a process to get your money back. Meanwhile, Bitcoin is the best solution for this you can deposit and withdraw your money in just a few easy steps whenever you want. Bitcoin allows you to retain ownership of your money, and you can decide when to get it back.

People always want to ensure personal security. Everyone wants to control and protect their assets. I myself want to use my money as I wish, I will earn , deposit, withdraw it as I wish. But when permission is required repeatedly to do all these things, if I want to withdraw a large amount, then I have to inform officer about what I will do with that amount so I personally do not like this.

Even if there is savings in my account, if the bank does not have fiat currency at that particular time, then they can block the transaction or I may have to wait to withdraw the money. And this is where the main difference of Bitcoin is create . Bitcoin gives us financial freedom. No one's permission is required to transact through Bitcoin. No one can put any kind of obstacle. And the security system of Bitcoin is so tough that even the owner himself cannot access his wallet without the seed phrase.

And this financial freedom and security is what people always wanted for, which they got through Bitcoin but it is not possible in any way with the traditional economic system.

[Out of mind]

We can see many social media videos nowadays that highlight very good and important analyses about Bitcoin so that people can learn easily. But I think it is not necessary to learn by watching all these videos, rather if a person can read a good article about Bitcoin, he will understand easily. But those who have some difficulties in understanding can benefit from the videos and I think all these videos are very useful for beginners. However, Bitcoin is definitely a financial system that helps in creating one's own wealth and it will enter a stage in the future from where we will get financial freedom. Investing in Bitcoin not only provides financial benefits but also protects the privacy of the individual and has a strong financial system.

[KiaKia]

Having Bitcoin is like having your own bank where you control your money at any time of the day, you don't have to go to a location before you can access your money, no one will use your money behind your back to get % yields.

No one will also know what your total balance is saying, and finally your Bitcoin doesn't have your own address unlike your bank account, Bitcoin is truly the only Decentralised innovation that works.

[Dareo]

-snip-
Even if there is savings in my account, if the bank does not have fiat currency at that particular time, then they can block the transaction or I may have to wait to withdraw the money. And this is where the main difference of Bitcoin is create . Bitcoin gives us financial freedom. No one's permission is required to transact through Bitcoin. No one can put any kind of obstacle. And the security system of Bitcoin is so tough that even the owner himself cannot access his wallet without the seed phrase.

Honestly this monitoring process of this banking system makes me annoyed every time. In order to ask a thousand questions while withdrawing my money. It seems as though it were neither mine nor the bank's own money. But here Bitcoin has really gifted us true financial freedom, and this thing you had explained in a beautiful way in your article.

But there is another side to self-custody or controlling my fund that needs to consider properly. As you told us regarding the seed phrase. Although nobody else could prevent your account in bitcoin, if you commit any mistake regarding seed phrase yourself, no customer support could help you in recovering those funds. Alongside financial freedom, comes great responsibilities too. Besides, the common men are used to keeping trust upon bank for centuries.

[Olatundespo]

https://www.instagram.com/reel/Dd9MVAtu4M0/?stkn=MTd4d3RvaHVzbzVhbw==

That Instagram video depicts the advantage Bitcoin has over the traditional financial system, with that video you need not say much again to describe what you as an individual will gain from Bitcoin.

Also the video expatiate the financial slavery of the traditional financial system in such a short video, the burdens you need to bear to get your own property and shows that it is not truly yours in the traditional financial system.

This is what happens to us who transact money in the traditional banking system. Under the instructions of the country's central bank, you cannot withdraw the money that we keep in our name in the banks at any time, especially if we need a large amount of money, but that money is completely ours. We own that money but we cannot enjoy freedom for our special needs.

In the Bitcoin financial system, we have complete freedom and we can make large transactions at any time without the intervention of any third party. The summary of what is shown in the video is that the traditional banking system is making us financially slaves.

The best financial system is the Bitcoin financial system.

[Sir Smart]

Honestly this monitoring process of this banking system makes me annoyed every time. In order to ask a thousand questions while withdrawing my money. It seems as though it were neither mine nor the bank's own money. But here Bitcoin has really gifted us true financial freedom, and this thing you had explained in a beautiful way in your article.

But there is another side to self-custody or controlling my fund that needs to consider properly. As you told us regarding the seed phrase. Although nobody else could prevent your account in bitcoin, if you commit any mistake regarding seed phrase yourself, no customer support could help you in recovering those funds. Alongside financial freedom, comes great responsibilities too. Besides, the common men are used to keeping trust upon bank for centuries.

Am new to this platform but am familiar to bitcoin and can relate in cases like this have been into bitcoin for a while now and I can understand that it has gives us control over our money, but the thing there is we have to be responsible for protecting it because it’s unlikely your usually banking system that if something goes wrong, there is usually customer support or a process to help recover access so protecting it show be a persons main pirority and that is why i think we should not rush into buying coin just because another person did because you need to first understand how it works, ur backups and wallet security work.

[Coyster]

Meanwhile, Bitcoin is the best solution for this you can deposit and withdraw your money in just a few easy steps whenever you want. Bitcoin allows you to retain ownership of your money, and you can decide when to get it back.

Bitcoin is a virtual currency, so when you talk of withdrawing it, that would mean moving it from one address to another on the blockchain. But if by withdrawing you mean bitcoin off-ramp, then most people still make use of a centralized exchange and still get treated the same way like in the bank, their funds could be blocked, withdrawal stopped until further verification is provided, etc.

No one will also know what your total balance is saying,

Your total balance? You have it wrong here man. It is easier to get that information on the blockchain with just a bitcoin address, but you cannot know how much fiat i have with my bank account number.

[Asuspawer09]

~

There are also a lot of inconveniences with banks for sure; they would probably make everything inconvenient because they don't want you to take our your money from them. Obviously, I don't trust banks because of how they handle things, they could make some claims or anything if they wanted to. I remember my friend withdrew a huge amount of Bitcoin to the banks, and it was instantly frozen, and it was asking for a lot of information about how he acquired that money in the first place.

I mean, the simplest explanation here is that you don't have control over the money that you put in the banks, centralized platform could do whatever they wanted with your money, and there's nothing you could do about that, which is just scary to think about because it's your money in the first place. It was just a huge scheme of the banks that they are doing, so obviously it was just a reason not to put a lot on it.

Bitcoin was surely something worth it as an investment, aside from a lot of things that make sense about it.

[Yorubek]

The reasons I see for considering Bitcoin are that, to be honest, banking is a complete boring for me. By using Bitcoin, I can completely get rid of the hassle of banking, I don't have to rely on a third person to transfer money, and Bitcoin gives me the freedom to invest, which is even more attracted to me. Another thing is that I can completely control all my money, so the government can't interfere with it if they want, so I can keep my valuable assets safe, which gives me peace of mind.