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Author Topic: The simplest explanation why you should consider Bitcoin  (Read 2098 times)
L E G E N D A R Y
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October 29, 2026, 03:21:42 PM
 #181

They tempt you to keep money in the bank but when you need to withdraw it, they will give you various reasons and discourage you from withdrawing money. Surprisingly, you will not be able to withdraw money as per your requirement even in times of emergency. I faced such situation more than once and I had arguments with the people working in the bank. Finally I closed the bank account and I do not do any transaction in the bank now except for emergency. I do not save money in the bank because there is no point in keeping money where I do not have freedom. Now I'm accumulating Bitcoin regularly and keep cash available for emergency expenses. I'm buying Bitcoin with extra funds because even though fiat is a traditional monetary system, there is a possibility of depletion if you keep more than you need because inflation is increasing.
I’ve had my issues with the banks and I have more reasons to choose Bitcoin over the bank. One of those reasons was money magically disappeared from my bank without a single trace, I complained severally to the bank personnel, and even they could not give me any reasonable explanation to how money disappeared from my account, they kept on telling me to come back after a few days until I got tired and closed that particular bank account. Stuffs like this happen, and the worst part of it is that you never know whether it was actually your fault or the negligence of the banks, you just gotta accept what they tell you or leave it be. But if such happens with your holding, you can be 100% sure it was entirely your fault because after all you’re your own bank.

moneystery
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October 29, 2026, 06:57:11 PM
 #182

They tempt you to keep money in the bank but when you need to withdraw it, they will give you various reasons and discourage you from withdrawing money. Surprisingly, you will not be able to withdraw money as per your requirement even in times of emergency. I faced such situation more than once and I had arguments with the people working in the bank.
...

It's what happens most of the time, that it's so easy for you to deposit money into the bank. But when you want to withdraw your own money, they make it much harder and you might even need days just to have the transaction confirmed.
That's one reason why keeping money in the bank can be a frustrating experience, especially when you realize that it's your own money, you should be able to withdraw it without any problems, but that doesn't apply at banks. As soon as you deposit your money, the bank will treat it subject to its rules and you need to follow them.

You won't find that with Bitcoin. Whenever you want, you can access and send your Bitcoin without needing anyone's permission. That's why Bitcoin is called an alternative to the traditional centralized financial system.

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Patikno
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October 29, 2026, 08:27:18 PM
 #183

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.
It is common practice for banks to make it difficult for customers to withdraw large sums of money, and this also happens in my country.

These banks are very happy to hold more money from many customers, but not to give it back (make it difficult). It is as if the banks desperately need other people's money for their business. What I mean here is; the profits they get from using that large amount of money for other businesses beyond just storing it. For example; they will open a savings and loan business using other people's money, which they will continue to circulate until they get significant profits.

Essentially, they make extraordinary profits, and they seem to print money from nothing. From there, we also learn an important lesson: "when you save money in a bank, your money is not completely under your control".

Are you willing ? If not, then you should just choose "Bitcoin"; which is fully under your control.

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tabas
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October 29, 2026, 08:42:28 PM
 #184

What I mean here is; the profits they get from using that large amount of money for other businesses beyond just storing it. For example; they will open a savings and loan business using other people's money, which they will continue to circulate until they get significant profits.
That is the business model they have, they use their depositors money in loaning it to the others that they trust and have record of paying well. Earning from the interest and returning a very little portion from that profit to the depositor as if they're good safekeepers. I don't like the banks when it's with withdrawals, it's the same thing that everyone noticed and experienced. They're making us hard to withdraw the money that we have on them but with deposits, there's not a lot of restrictions and I guess that is for all businesses as long as money gets in to them.

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Today at 10:56:02 AM
 #185

The information presented in videos is not always accurate. When it comes to using bitcoin individuals enjoy personal autonomy they have full control over their assets and can withdraw their capital whenever the need arises. In contrast, while it is easy to deposit one’s hard earned money or assets into the banking system, accessing or withdrawing the entire amount especially during times of crisis or urgent need can often prove to be quite difficult. To withdraw one’s own funds, one must rely on the approval of the bank or a third-party intermediary.
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