The simplest explanation why you should consider Bitcoin

[Somegory]

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]

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]

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]

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.

[Comeacross]

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.

Everyone has their prefer method of consuming information, it varies from individual and I won't discredit someone's choice but I do have this belief that reading is mostly for intelligent people. Most people can read but not everyone can read to understand. So video illustration is another way to make understanding easier for people who can not understand through reading easily. The video link in the op post explains the importance of Bitcoin that even a five years old can understand. Of course, you don't expect a five years old to understand bitcoin by reading it. The coming of AI has make it easier to create videos on any topics now for easier understanding.

[liasbaa]

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.

Op This was an educational video especially for those who deposit cash in banks. I think almost everyone who has a bank account and deposits money in the bank has faced this problem. You are right, financial slavery has been beautifully portrayed in a short video which is educational for everyone and we have to learn from this video and decide what to do in the future. We have our own system where I don't have to be accountable to anyone. Bitcoin can be that system where I can invest my own money in Bitcoin without the need for a centralized organization. I will have my own banking system where I will manage the funds independently, not accountable to anyone.

[Hyphen(-)]

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.

Banks are always after the profit they will make from your money, they will be controlling your money, they will use your money to do business and make profit, and the annoying thing comes when you wants to withdraw you money, they will find a way to restrict you from withdrawing your money especially if the money is big, they will find one or two excuse to delay your withdrawal, which simply means you don’t have control over your own money.

Bitcoin has solved all of these financial problem, you control your Bitcoin, use it whenever you like without any restriction, and be your own bank not to depend on any bank to help you save your money, you are your own bank which is completely financial freedom.

[Alonso_]

This video reminds me of when i opened a bank account in Guaranty Trust Bank in 2015, with the happiness of owning a bank account i deposited 3,000 naira into my account. When i was in need of money to sort out my school problems i went to the bank i have an account with to withdraw the 3,000 naira i deposited, i was told i need to create a BVN and link it to my account before i could have access to my 3,000 naira. I just say to myself, my own money the bank is asking me to perform a task before i could access it. I picked a form and fill in my details and enrolled for BVN. It took days before i was issued a BVN by my bank. What we pass through traditional financial system is what Bitcoin want to fix. I will always choose Bitcoin over bank because i can access my Bitcoin at any time i want.

Bitcoin have proven for a long time about its value, decentralization is something that is paramount with Bitcoin, having control over your money, that you can make use of your money anytime you want by making transactions anywhere you are as long as their is access to the Internet.

Sometimes local banks can cause you headache, by stressing the hell out of you just because you want to make a transaction, bitcoin doesn’t stress you, bitcoin is very fast and reliable in whatever transactions that you’re doing.

However your story is similar to that of a friend, you know local banks have different policies and this policies do change as time goes on, they come up with different new policies, what you’re talking about is when the Federal government of Nigeria decided to introduce BVN, which is Bank Verification Number this was introduced to trace some illegal activities of people financially in the Local Bank, it serves as an identification that you’re the owner of particular bank account, and all your bank accounts are linked to the BVN which means Government can have access to all your money in every other local banks, it was the policy back then in Nigeria.

[DYOR+BTC]

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.

Banks are always after the profit they will make from your money, they will be controlling your money, they will use your money to do business and make profit, and the annoying thing comes when you wants to withdraw you money, they will find a way to restrict you from withdrawing your money especially if the money is big, they will find one or two excuse to delay your withdrawal, which simply means you don’t have control over your own money.

Bitcoin has solved all of these financial problem, you control your Bitcoin, use it whenever you like without any restriction, and be your own bank not to depend on any bank to help you save your money, you are your own bank which is completely financial freedom.

This aspect of making profits with our money and denying us access to it at times stands as one of the reasons I kick against the use of traditional banking institutions and support the idea of bitcoin investment.  For many that never understand the benefits of bitcoin,  they may see nothing important with what am saying but those that have  will acknowledge the fact that its better investing in bitcoin than saving the money in banks.
Bitcoin offers chances of transforming once financial structure or life by multiplying the invested capital in respect to time without considering its own benefit the same way banks do consider their profits over the reasons for saving. The best way of keeping our capital save is by investing in bitcoin and not storing in banks

[IjawMan]

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.

Each person know why works for them in assimilating when trying to learn new things. Audio/video record is one simple pattern for some people to easily learn new things and assimilate than they will by spending time to read.

A visual explanation can be usefully great in teaching people about the importance of bitcoin and why they will need it in this fiat failing economic system. A 2 minutes demonstration with a clear message sent can open the mind of people in seconds than what a book of 100 pages about bitcoin will, but both resource plays a significant roles still.

[OcTradism]

Each person know why works for them in assimilating when trying to learn new things. Audio/video record is one simple pattern for some people to easily learn new things and assimilate than they will by spending time to read.

Visual things like graphics and videos can be good for first exposure and impression but in learning, it's better to read documents, books in text format. It's more efficient way of learning and you will be more easily to read, note, learn and share a specific information with the others.

Like this one, it's good for start of learning journey but if people want to learn more deeply, they will have books or sites to read and learn.
https://www.lopp.net/bitcoin-information/bitcoin-explained.html

A visual explanation can be usefully great in teaching people about the importance of bitcoin and why they will need it in this fiat failing economic system. A 2 minutes demonstration with a clear message sent can open the mind of people in seconds than what a book of 100 pages about bitcoin will, but both resource plays a significant roles still.

Books will be more important for learning in long term especially for deep learning. It's more easily to return to a specific section for reading what you already read while with videos, you will struggle to do that.

Mastering Bitcoin.
The bullish case for Bitcoin.
Bitcoin is an accounting revolution.
Bitcoin and the accounting revolution that shook the world.
Learnmeabitcoin.com

[Peanutswar]

Imagine that you can make a deposit with a large sum of money and then you aren't unable to withdraw at the same time because now its THEIR money and not yours, now once the account compromised because of them you are not eligible to take back your money instead just a portion of it. This is the cons of the banks. There is a limitation, a restriction compared with the bitcoin or crypto is you can transact a large amount, without have this limitation, just the risk is at yours because you have the full control of the account. Also we are aiming for privacy because in banks its mandate to have verification unlike for crypto focus for privacy and anonimity.

[EarnOnVictor]

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 the most hurtful part. You work hard to amass wealth and build something good for yourself and your family. All of a sudden, maybe due to disagreement, politics, or someone flexing the muscle due to power and influence, or even through the power of the court (an institution often being bought), freeze all those. That's the most painful part. Just in the name of government and "the power that be," you are forced out.

You are not in control of most of the things you think you control. If Bitcoin could help in this regard alone, I think it's worth to be adopted.

[qwertyup23]

Imagine that you can make a deposit with a large sum of money and then you aren't unable to withdraw at the same time because now its THEIR money and not yours, now once the account compromised because of them you are not eligible to take back your money instead just a portion of it. This is the cons of the banks. There is a limitation, a restriction compared with the bitcoin or crypto is you can transact a large amount, without have this limitation, just the risk is at yours because you have the full control of the account. Also we are aiming for privacy because in banks its mandate to have verification unlike for crypto focus for privacy and anonimity.

The relationship between a depositor and banks are fiduciary in nature. This means that these parties have a creditor-debtor relationship wherein the depositor can demand their cash at any time subject to the contract or type of investment they have entered into.

As a consequence, you are indeed bound by such investment contract where you are not allowed to withdraw a portion of your money (e.g. time deposit, etc.) subject to its terms. But if you just deposit and keep your money in the bank, then the latter has the obligation to honor your withdrawals at any time.

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 the most hurtful part. You work hard to amass wealth and build something good for yourself and your family. All of a sudden, maybe due to disagreement, politics, or someone flexing the muscle due to power and influence, or even through the power of the court (an institution often being bought), freeze all those. That's the most painful part. Just in the name of government and "the power that be," you are forced out.

You are not in control of most of the things you think you control. If Bitcoin could help in this regard alone, I think it's worth to be adopted.

Unfortunately, that is the consequence of a regulated financial institution. People would argue that they sacrifice freedom for security. However, that does not happen all the time given that there are banks that are being controlled by wealthy and influential individuals. That is exactly on why BTC is the secret sauce to this kind of set-up and banks are mostly against its full implementation and adoption.

[Leon Zimmer]

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 the most hurtful part. You work hard to amass wealth and build something good for yourself and your family. All of a sudden, maybe due to disagreement, politics, or someone flexing the muscle due to power and influence, or even through the power of the court (an institution often being bought), freeze all those. That's the most painful part. Just in the name of government and "the power that be," you are forced out.

You are not in control of most of the things you think you control. If Bitcoin could help in this regard alone, I think it's worth to be adopted.

One of the main features of Bitcoin is financial freedom, being able to have and control money without the consent of banks. This may sound good, but it comes with risks. After all, if your bank account is frozen, you can potentially challenge this, however, losing your bitcoin seed phrase could mean losing access to your bitcoin forever.

Freedom of being able to self custody your bitcoin (or indeed any cryptocurrency) is one, however it does come with learning how to secure and protect this bitcoin properly. Without education, it may end up being more of curse rather than blessing.

[Pablo-wood]

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 the most hurtful part. You work hard to amass wealth and build something good for yourself and your family. All of a sudden, maybe due to disagreement, politics, or someone flexing the muscle due to power and influence, or even through the power of the court (an institution often being bought), freeze all those. That's the most painful part. Just in the name of government and "the power that be," you are forced out.

You are not in control of most of the things you think you control. If Bitcoin could help in this regard alone, I think it's worth to be adopted.

Unfortunately, we cannot do away with the traditional financial system completely because of the important role it plays in every economy. However, its importance also makes it a powerful tool in the hands of political elites and other influential people who uses it to control or restrict others. This is one reason Bitcoin's self-custody feature matters, as it gives individuals greater control over their money without depending entirely on traditional financial institutions.

Adoption will be countered by this same elites because the know the risk it will pose to their control over their country's economy and their power over their fellow citizens.

[IjawMan]

Each person know why works for them in assimilating when trying to learn new things. Audio/video record is one simple pattern for some people to easily learn new things and assimilate than they will by spending time to read.

Visual things like graphics and videos can be good for first exposure and impression but in learning, it's better to read documents, books in text format. It's more efficient way of learning and you will be more easily to read, note, learn and share a specific information with the others.

Like this one, it's good for start of learning journey but if people want to learn more deeply, they will have books or sites to read and learn.
https://www.lopp.net/bitcoin-information/bitcoin-explained.html

A visual explanation can be usefully great in teaching people about the importance of bitcoin and why they will need it in this fiat failing economic system. A 2 minutes demonstration with a clear message sent can open the mind of people in seconds than what a book of 100 pages about bitcoin will, but both resource plays a significant roles still.

Books will be more important for learning in long term especially for deep learning. It's more easily to return to a specific section for reading what you already read while with videos, you will struggle to do that.

Mastering Bitcoin.
The bullish case for Bitcoin.
Bitcoin is an accounting revolution.
Bitcoin and the accounting revolution that shook the world.
Learnmeabitcoin.com

Which was why I mentioned that every person can learn through with what does help them to learn and not just to learn but to also easily remember without trying much to.

I could remember back in my tertiary days I have this colleague that easily assimilate and remember things he learns through group discussions about a topic than he does just reading on books only.  It was for his pattern of learning that made me came up with the emphasis on "what works for you in learning a thing new".

Book reading are a normal way of learning which is common and specially when reading in a quiet space with full concentration.

[Cookdata]

Banks are always after the profit they will make from your money, they will be controlling your money, they will use your money to do business and make profit, and the annoying thing comes when you wants to withdraw you money, they will find a way to restrict you from withdrawing your money especially if the money is big, they will find one or two excuse to delay your withdrawal, which simply means you don’t have control over your own money.

Bitcoin has solved all of these financial problem, you control your Bitcoin, use it whenever you like without any restriction, and be your own bank not to depend on any bank to help you save your money, you are your own bank which is completely financial freedom.

The banks are not only profit, the banks work to take everything from people. The banks will see an ordinary person that is struggling to make ends meet, they will convince the person to open an account and deposit the money he has with promise that they are going to give him savings interest. When the process is done, the bank takes this money and gives it to other people in high interest than what they pay poor people and guess what, when you want to withdraw that same money, you can't have it immediately.

Bitcoin can't change your life in an instant, it doesn't gives you an interest but Bitcoin protects you, it gives you the freedom you never have. It saves you from inflation paper money doesn't gives you. You can buy Bitcoin now and sell the next minutes guy decide to change your mind. Bitcoin gives you the exact opposite of what banks gives you.

[Loyang]

Each person know why works for them in assimilating when trying to learn new things. Audio/video record is one simple pattern for some people to easily learn new things and assimilate than they will by spending time to read.

Visual things like graphics and videos can be good for first exposure and impression but in learning, it's better to read documents, books in text format. It's more efficient way of learning and you will be more easily to read, note, learn and share a specific information with the others.

Like this one, it's good for start of learning journey but if people want to learn more deeply, they will have books or sites to read and learn.
https://www.lopp.net/bitcoin-information/bitcoin-explained.html

A visual explanation can be usefully great in teaching people about the importance of bitcoin and why they will need it in this fiat failing economic system. A 2 minutes demonstration with a clear message sent can open the mind of people in seconds than what a book of 100 pages about bitcoin will, but both resource plays a significant roles still.

Books will be more important for learning in long term especially for deep learning. It's more easily to return to a specific section for reading what you already read while with videos, you will struggle to do that.

Mastering Bitcoin.
The bullish case for Bitcoin.
Bitcoin is an accounting revolution.
Bitcoin and the accounting revolution that shook the world.
Learnmeabitcoin.com

Which was why I mentioned that every person can learn through with what does help them to learn and not just to learn but to also easily remember without trying much to.

I could remember back in my tertiary days I have this colleague that easily assimilate and remember things he learns through group discussions about a topic than he does just reading on books only.  It was for his pattern of learning that made me came up with the emphasis on "what works for you in learning a thing new".

Book reading are a normal way of learning which is common and specially when reading in a quiet space with full concentration.

The best decision is to decide based on who prefers to learn through which method or which method they think they can learn faster. I used to prefer to learn like the person you described earlier and I got much better results through it. But now I prefer to learn from AI and I can learn more easily and in detail from AI.

However, relying only on AI would be a big mistake, so instead of relying only on AI, gain knowledge on the subject from other places so that you do not encounter misinformation and do not face losses.

[ASloveapg]

One of the main features of Bitcoin is financial freedom, being able to have and control money without the consent of banks. This may sound good, but it comes with risks. After all, if your bank account is frozen, you can potentially challenge this, however, losing your bitcoin seed phrase could mean losing access to your bitcoin forever.

Freedom of being able to self custody your bitcoin (or indeed any cryptocurrency) is one, however it does come with learning how to secure and protect this bitcoin properly. Without education, it may end up being more of curse rather than blessing.

This is a very important point, the more careful a person is about the responsibility of storing and controlling their assets safely, the safer they will be. Losing the seed phrase or letting it fall into someone else's hands means losing your assets forever, and therefore it is imperative to be careful about storing Bitcoin. There are many people who only focus on buying Bitcoin, and many even hold Bitcoin on exchanges, such people actually only know how to buy Bitcoin, but they do not know how to store Bitcoin safely, and this can be a reason for them to lose everything, but this issue is neglected and ignored by many in the first place.
Ensuring the security of assets is equally necessary, ignoring it means keeping a very big weakness in yourself and that if something causes a problem, there will be no way to protect the assets. Therefore, along with setting up a secure wallet, it is mandatory to store the seed phrase very seriously.