The simplest explanation why you should consider Bitcoin

[Johncarter14us]

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.

The advantages bitcoin has over the traditional financial system can not be overemphasized. The privacy you have keeping your wealth without being monitored by the system.

You can choose to use it as a medium to send financial support to loved ones abroad without paying so much in transaction fees or even waiting some business days to get money across.

Bitcoin has open a lot of doors and opportunities when it comes to privacy in transactions, managing your investment with complete ownership, no third party involved.

[hafiztalha]

It seems to me that no one in this discussion has mentioned yet that bitcoin is very good for diversifying an investment portfolio, with a different asset class that does not depend directly on money and central bank measures and can actually be a hedge against inflation.
Large investment funds and banks have actually already recognized this advantage of crypto and are investing heavily in Btc through various ETFs.
Ordinary investors can preserve the value of their money through btc, although of course they must be aware of the high volatility of crypto and that it is a high-risk asset class.
A proper investment portfolio should always have different asset classes to be balanced and to reduce market risks.

Without any doubt inflation is doing enough damage, and banks and fiat are not able to give any support. Just because of this, now staying with Bitcoin is going to be good. This feature is making things more flexible, and investors can feel comfortable, but volatility and high risk are always going to keep things balanced. Just because of this, investors need to diversify their portfolio with different assets.
Risk management is also one of the things that is always needed to be understood because people always want to maintain things with knowledge and understanding because crypto always has its impact, which has never been easy to keep balanced without having a good understanding of these.

[JiiBs]

there is a lot of information out there, and that way it's going to be more of a personal choice than forcing anyone to invest. We should be clear that it is not guaranteed that everyone is going to make money from investing in Bitcoin, so we should have in mind that is not going to be as easy as we think.

In as much as there are a lot of informations out there on the web, it takes an intelligent mind to be able to sieve between that which is pure garbage and the good stuff. When it comes to Bitcoin, a widely known term or genre but one of the most misunderstood, certain individuals might need some explaining. Best not to seek anyone out but, if they are lucky enough to have someone with some knowledge of it in their corner, of course you can do them the favour and guide them on certain misconceptions.

One of those misconceptions is the fact that, we often think of it in the make money approach. Yes, it is indeed through that you can have some level of financial liberty from it but, making it its sole purpose isn’t really doing much favors for Bitcoin right now.

[Gost ms]

Another big problem here is that if you deposit your assets in a bank as fiat currency, someone else can see the amount of that assets. And the bank itself is like a business. They try to make a profit for themselves. If there is no profit, then many banks declare themselves bankrupt. All customers lose their assets. In this, only those who deposit money in the bank are affected. But the directors or owners of the bank are never affected. They were  continue to make profits for years.

Considering all these reasons, we actually have no freedom in fiat currency and the banking system. So bitcoin is a better option. Once a person gets the right idea about bitcoin, that person will never want to keep his assets in the banking system again.

Even someone else could actually see your wallet balance and know how many Bitcoins you’ve got in your wallet you know, so even though Bitcoin promotes privacy, it’s still not completely private you know. So that’s not even the reason why Bitcoin is a much better option than the banking system.

If you ask me, I’d say the biggest advantage is just you being your own bank, being responsible for your money and even validating your transactions in some cases. That’s just massive, that way you know that you’re the one to be blame completely if things eventually go wrong rather than blaming someone else. 

Bitcoin is very private, no one will know which is your wallet, yes it is possible to see how much Bitcoin you have, but if no one knows about you and does not know your wallet address then no one will ever know how much Bitcoin you have. Yes, here we can do some tricks. For example, we can use several wallets, such as one for daily transactions and one wallet for all our Bitcoin savings, we can use another wallet for other tasks. If we use it this way, then we can definitely protect our assets from being seen by others.

[Awaklara]

Bitcoin is very private, no one will know which is your wallet, yes it is possible to see how much Bitcoin you have, but if no one knows about you and does not know your wallet address then no one will ever know how much Bitcoin you have. Yes, here we can do some tricks. For example, we can use several wallets, such as one for daily transactions and one wallet for all our Bitcoin savings, we can use another wallet for other tasks. If we use it this way, then we can definitely protect our assets from being seen by others.

Maintaining privacy is our own responsibility. Avoiding the sharing of activities such as gambling or trading on social media accounts can help us protect our privacy. You have certainly seen people sharing screenshots of their wins from casinos or profits from trading. Even though not sharing screenshots of the entire balance, avoid sharing anything on social media to stay safe. Mistakes are sometimes not sought by others, but we ourselves put ourselves in the wrong situation.

[Patrol69]

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.

There are many things happening in the world that we do not know, my idea of America would not have changed if I had not watched this video. Where the people of America use American Express credit cards, where their credit cards have no limit, they have to inform them one day in advance to withdraw only 10 thousand dollars. The thing is that I have to inform the authority one day in advance to withdraw my money and wait, then when the authority confirms, I will get my money. In this conventional financial system, the individual does not have freedom alone, but the intervention of a third party is necessary here, but Bitcoin is completely the opposite. Bitcoin is a digital currency that basically has the freedom of the individual, that is, if the individual wants, he can complete any transaction without the permission of a third party or the intervention of a third party.

[Eldestyoung]

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.

I think the major difference here is not just how easily we can withdraw money but who has control over it, when you keep your money in a bank, you depend on that bank to give you access whenever you need it, there can be withdrawal limits, account restrictions and other procedures that may delay access to your funds.
Bitcoin introduces a different approach, especially when you hold it in your own wallet and control the private keys, you don’t have to ask an exchange or another institution for permission before making a transaction. But I also think we should look at the other side of self custody, having complete control over your Bitcoin means taking full responsibility for its security, If you lose your recovery phrase or send your funds to the wrong address, there may be no customer support to reverse the transaction for you.
So to me, the real advantage of Bitcoin is not simply escaping banking restrictions, It’s having direct control over your assets while accepting the responsibility that comes with that freedom.

[Loyang]

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.

I think the major difference here is not just how easily we can withdraw money but who has control over it, when you keep your money in a bank, you depend on that bank to give you access whenever you need it, there can be withdrawal limits, account restrictions and other procedures that may delay access to your funds.
Bitcoin introduces a different approach, especially when you hold it in your own wallet and control the private keys, you don’t have to ask an exchange or another institution for permission before making a transaction. But I also think we should look at the other side of self custody, having complete control over your Bitcoin means taking full responsibility for its security, If you lose your recovery phrase or send your funds to the wrong address, there may be no customer support to reverse the transaction for you.
So to me, the real advantage of Bitcoin is not simply escaping banking restrictions, It’s having direct control over your assets while accepting the responsibility that comes with that freedom.

We have to go through many rules while keeping money in the bank and we have to follow many things while withdrawing, we have to follow many things while spending, but with Bitcoin we do not have to face any such problem, rather Bitcoin gives us the opportunity to become a bank. We can use our Bitcoin in any way and keep our assets safe with ourselves, we can make transactions without anyone else's interference.

If we deal with caution while making every transaction and if we check and transact several times while making every transaction, then we can definitely prevent ourselves from sending Bitcoin to the wrong address. If we can choose a safe wallet and if we can keep our Seed Phrases in a safe place, then we can protect ourselves from the hands of fraudsters.

[capuccccino]

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.

There are many things happening in the world that we do not know, my idea of America would not have changed if I had not watched this video. Where the people of America use American Express credit cards, where their credit cards have no limit, they have to inform them one day in advance to withdraw only 10 thousand dollars. The thing is that I have to inform the authority one day in advance to withdraw my money and wait, then when the authority confirms, I will get my money. In this conventional financial system, the individual does not have freedom alone, but the intervention of a third party is necessary here, but Bitcoin is completely the opposite. Bitcoin is a digital currency that basically has the freedom of the individual, that is, if the individual wants, he can complete any transaction without the permission of a third party or the intervention of a third party.

I agree. The system in America is very different from the system in my country, so I can't really understand it in the same way.
The more we try to be anonymous, the more we use systems that can take advantage of it. That's why I like bitcoin. It gives us more freedom to manage our money.

[YellowSwap]

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.

The advantages bitcoin has over the traditional financial system can not be overemphasized. The privacy you have keeping your wealth without being monitored by the system.

You can choose to use it as a medium to send financial support to loved ones abroad without paying so much in transaction fees or even waiting some business days to get money across.

Bitcoin has open a lot of doors and opportunities when it comes to privacy in transactions, managing your investment with complete ownership, no third party involved.

My own kinda reason why it's good for everyone to consider Bitcoin is the fact that you are likely going to have a wonderful future compare to relying on your service to the centralised puppets masters

There is no government that wishes the best for their civil servants, even those who aren't capable anyone are all rejected and ignored, no more paying them pension, I can't count how many people are affected by this in my country.

Having some Money on Bitcoin can make your future feels lot better because of the scarcity and value of Bitcoin, not even today but in the future, it's better to be in Bitcoin than be out of Bitcoin.

[Peanutswar]

Without any doubt inflation is doing enough damage, and banks and fiat are not able to give any support. Just because of this, now staying with Bitcoin is going to be good...

Currently in my country seems we are part of the lower middle country we really feel the impact of the inflation, price increase with the expenses of living, the cost of foods and services, every move you made it requires a money to achieve and right now we got the lowest price of the USD per Peso which is ATH of 64 pesos / dollar which is only people are into earning of USD becomes profitable and the people who are in the country suffers for the expenses. Sad thing here is people still no idea whats the use of investment they focus with the savings and small APY of the banks than taking risk with their assets than taking a risk with their money in crypto such as bitcoin and other form of investment that might grow their money.

In my country there is withdrawal limit, if you want to withdraw above the limit, the bank will make it not possible until you request for a special account upgrade

Funny enough of you've that upgrade and your inflow/outfit falls short of margin for sometime, you'll be degraded to a lower level and you'll start all over again with the upgrade next time you want to initiate a huge transaction.

This lifestyle inflation really destroys people's money; they really care about how people would like to see them. Their perspective is to have a good image but with a low savings/investment than looking for you know you can survive with your assets.

[hafiztalha]

My own kinda reason why it's good for everyone to consider Bitcoin is the fact that you are likely going to have a wonderful future compare to relying on your service to the centralised puppets masters

There is no government that wishes the best for their civil servants, even those who aren't capable anyone are all rejected and ignored, no more paying them pension, I can't count how many people are affected by this in my country.

Having some Money on Bitcoin can make your future feels lot better because of the scarcity and value of Bitcoin, not even today but in the future, it's better to be in Bitcoin than be out of Bitcoin.

As people are having awareness about financial independence, they are taking interest in Bitcoin. Everyone knows Bitcoin was invented just for P2P transactions, but now it's turning into a complete package due to many features, which are increasingly giving enough return accumulation. It's now touching new milestones because institutes are having huge spendings, which bring its price to a level where things are looking impressive.
A good future and control in one's own hands and the ability to fight against inflation are enough to bring friends and communities in this because now it is having a good future for every investor or accumulator to try to understand about risk factors and enjoy without any problem.

[Tongley]

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.

The advantages bitcoin has over the traditional financial system can not be overemphasized. The privacy you have keeping your wealth without being monitored by the system.

You can choose to use it as a medium to send financial support to loved ones abroad without paying so much in transaction fees or even waiting some business days to get money across.

Bitcoin has open a lot of doors and opportunities when it comes to privacy in transactions, managing your investment with complete ownership, no third party involved.

My own kinda reason why it's good for everyone to consider Bitcoin is the fact that you are likely going to have a wonderful future compare to relying on your service to the centralised puppets masters

There is no government that wishes the best for their civil servants, even those who aren't capable anyone are all rejected and ignored, no more paying them pension, I can't count how many people are affected by this in my country.

Having some Money on Bitcoin can make your future feels lot better because of the scarcity and value of Bitcoin, not even today but in the future, it's better to be in Bitcoin than be out of Bitcoin.

The price of Bitcoin is likely to increase significantly in the future. Everyone wants to move towards financial freedom and Bitcoin is the most reliable and powerful currency for financial freedom. So with time, the demand for Bitcoin is likely to increase. Currently, there are many countries where many people are not familiar with Bitcoin and even if they are familiar, they do not believe in Bitcoin. But with time, when they believe in Bitcoin and move towards Bitcoin, they will definitely accept Bitcoin. At that time, how much can the price of Bitcoin increase?

[Ummeettaa]

The advantages bitcoin has over the traditional financial system can not be overemphasized. The privacy you have keeping your wealth without being monitored by the system.

Its really a good thing to have wealth without anyone or system monitoring your wealth, although some individuals uses this influence to save keep wealth that was illegally made, so as to be untreatable for anyone else.

You can choose to use it as a medium to send financial support to loved ones abroad without paying so much in transaction fees or even waiting some business days to get money across.

Using Bitcoin as form of sending financial support to someone is irrelevant, because there are many ways of doing so, and sending Bitcoin although not bad is irrelevant to me.

Bitcoin shouldn't be used as form of transactions to one another, but rather it should be used as form of savings and investment for future use preferably.

Bitcoin has open a lot of doors and opportunities when it comes to privacy in transactions, managing your investment with complete ownership, no third party involved.

If it's security, I can say for sure that Bitcoin is really a secured investment I can boastfully recommend to someone, but it's transactions being too private and not being able to be easily traced is sometimes disadvantageous, because many people loss money by making series of mistake sending funds to unknown people on a daily basis, and are being untraceable.

[Franklyn-wood]

A lot of people are following that statistics. The money that you will use to cover your daily expenses must be set aside. Is not advisable to be showing off that you are a bitcoin enthusiast, especially when you're in the public, because it is very dangerous. Is only the money that is not meant for spending that you should keein bitcoin. And use cash for expenses, unless you are purchasing something that the seller accept Bitcoin. They are many reasons why an individual should consider bitcoin over fiat currencies. For your own peace of mind and gradual movement.

A lot of people have been told several times about the dangers that comes with revealing your bitcoin when it's not needed, emphasis on when it is not needed, some people just want to use every opportunity to tell the next person that they have bitcoin and this attracts unnecessary attention. In a lot of countries the use of Bitcoin to transact isn't really common, only about five to ten percent of business organizations accept bitcoin in those countries, that's the reason why it is important to reserve your bitcoin in your wallet or keep holding it and fiat should be used to sort out expenditures.

Pride of been noticed or seen that they have Bitcoin or have the idea of Bitcoin has lead a lot of people into being trailed by hackers who will use every available information they have to get at the and steal there are investments. People who command power and have influence don't show off there wealth and those that do that won't reveal there real net worth to the public, so why would someone expose himself to the public be announcing what he has. It's just like telling random person the amount you have in your account not to talk of Bitcoin investment.

[SPIDERMAN008]

My own kinda reason why it's good for everyone to consider Bitcoin is the fact that you are likely going to have a wonderful future compare to relying on your service to the centralised puppets masters

There is no government that wishes the best for their civil servants, even those who aren't capable anyone are all rejected and ignored, no more paying them pension, I can't count how many people are affected by this in my country.

Having some Money on Bitcoin can make your future feels lot better because of the scarcity and value of Bitcoin, not even today but in the future, it's better to be in Bitcoin than be out of Bitcoin.

As people are having awareness about financial independence, they are taking interest in Bitcoin. Everyone knows Bitcoin was invented just for P2P transactions, but now it's turning into a complete package due to many features, which are increasingly giving enough return accumulation. It's now touching new milestones because institutes are having huge spendings, which bring its price to a level where things are looking impressive.
A good future and control in one's own hands and the ability to fight against inflation are enough to bring friends and communities in this because now it is having a good future for every investor or accumulator to try to understand about risk factors and enjoy without any problem.

I agree with you. Bitcoin is constantly impressing us. So many years have passed since bitcoin started. Currently, so much modern technology has been created but bitcoin is still the most advanced of all. Bitcoin will become more modern with time and will always benefit people. Currently all the people in the world are showing so much interest in bitcoin which will increase the demand for bitcoin a lot in the future. As a result we may see a new ATH . At one time people only wanted to profit from bitcoin. They were interested in bitcoin even thinking about the increase in the price of bitcoin. But at the moment other features of bitcoin have also become more important. Because due to the unstable state of the world economy many people are investing in bitcoin to protect their wealth from inflation. Due to the fixed supply of bitcoi even if the demand increases, the supply does not increase but rather decreases with time so the increase in the price of bitcoin is a natural thing over time. bitcoin creates an opportunity to give profitable returns for people. And only those who have trust, have the ability and can be mentally stable can be successful.