Quote from: gabmen on December 31, 2019, 05:54:33 AM

Quote from: BartS on December 31, 2019, 04:46:46 AM

Quote from: Yourhomeboy on December 06, 2019, 11:11:18 AM

I found this quality topic on twitter and it all caught my attention. I have seen that fiat is the currency of the Government and Bitcoin is the currency of the people, Can the Government Crash? if so the people cannot Crash neither, because so many people are not making good business from the fiat than in bitcoin, which have provided so much job opportunities for users who are online. Fiat will be replaced soon by bitcoin.

Share your thoughts

Fiat in the best case scenario is a get poor slowly scheme but if the government makes many mistakes then it can quickly become a get poor quick scheme, we have seen this in many countries in the past and we will continue to see this in the future.

However I do not see fiat being replaced by bitcoin since that will require that governments all over the world admit they are not capable of creating a stable currency and they will never admit that especially with the huge power fiat currencies give to them.

Well if the government makes many mistakes, they have all the means to cover up for it and keep the current system running. Being rich or being poor doesn't depend on the system or the currency. It's the individual that would tell whether they'll be successful or not. Most rich people today came to where they are through hard work. Bitcoin promises a shortcut but you'd likely end up on the losing end if you look at it that way.

Yes I am agree with you. The fate of every person depends only on him or her. If he or she really wanted get rich he or she will have to work hard in order to be successful in life because even if you are a trader, you will not be successful someday if you are lazy co'z we all know that here in trading we can easily be rich in just a short limit of time if and only if we work hard and strive for succes.