Post
Topic
Board Bitcoin Discussion
Re: In what ways Bitcoin is different from traditional currencies?
by
Best Dreams
on 22/09/2019, 08:10:30 UTC

so simple like it can be illustrated by a elementary pupil, you have a $100 dollar paper bill ,
put it in your wallet the value will stay as it is.buy bitcoin with your $100 , keep it stored in your digital wallet /hardware wallet ,
wait for pump sell it ,the value is different. This is just one reason why bitcoin is distinctly different from tangible currency.

Er, no. You have no idea how money works do you?

Put bitcoin in your wallet. Put $100 bill into your wallet.

And after 100 years you still have the same amount of bitcoin in the wallet, and the same amount of dollars in your wallet.

The difference is, the purchasing power of $100 in 100 years will be different, but guess what, so will Bitcoin.

We THINK BTC value will go up, but we don't really know. We know for sure $ value will go down after 100 years.
I guess after 100 years the value of bitcoin will be multiplied with 100 and it will be so high we can never compare real $ with crypto because value of dollars is depending on the government of any country but the value of bitcoin increases by the patience of the investor i am sure after few years bitcoin in will almost remove fiat currency from this planet.
For me crypto is totally different as we know crypto is more than just a money and real currency is just a source to buy those things which we need for our daily life. We all know that crypto is life changer it can give us all those things which we need in our life. Crypto currency is good so is fiat but we can not get any profit to store dollar for years and crypto is beneficial to store even for few months.