For the first time in history, money is separated from the state. Bitcoin aims to be an alternative to Fiat currencies by providing financial inclusion to anyone, anywhere in the world. A system governed by mathematics and cryptography will put an end to corruption once and for all. The pioneer cryptocurrency can be used globally without limitations thanks to its decentralized model. People can send cross-border payments in minutes without the need for ID verification, background checks, or credit checks of any kind. This brings a whole new era of financial sovereignty as we know it.
What do you think? Is Bitcoin better than Fiat? If not, why? Is it still too early to tell? Your input will be greatly appreciated. Thanks in advance
What do you think? Is Bitcoin better than Fiat? If not, why? Is it still too early to tell? Your input will be greatly appreciated. Thanks in advance
It actually depends on the purpose and goals you have set. Bitcoin is indeed great on so many aspects. It provides additional opportunities to generate income and it is a nice platform for investment. However, it's quite risky so, someone must manage their actions and expectations about it. Bitcoin has already withstood many challenges thrown at it before. It even started with free mining, having a low value in market, but look at it now.
If you are going to use bitcoin as a store of value and in trading, you will be at the advantage. Bitcoin is really good to be invested upon especially for long-term. It is also good to be traded once in a while depending on your needs. However, if you are planning to use it for your daily necessities and routines, you will surely have a hard time. Don't get me wrong. Bitcoin is good as a mode of payment as well, but the processing time and transaction fees can eat your time and cost you more. IMO these are the areas that bitcoin has to improve for its users convenience.