Quote from: lombok on Today at 05:19:22 PM

Quote from: Daryl_Dixon on February 04, 2022, 06:22:50 AM

As most of you know in this forum, bitcoin has more advantages over fiat money. fiat money is under the control of governments. With fiat money, we do not have 100% control over our assets. But Bitcoin is not like that and we can freely trade it anywhere in the world without the control of third parties. However, Mexico's third wealthiest man ^{(Ricardo Salinas Pliego)} agrees with us and said in a recent interview:

Quote

"Government intervention has always been a factor in setting the gold standard," Salinas explained. "And fiat enables infinite financing."

So as you can see, Ricardo Salinas Pliego has come to the conclusion that bitcoin is a better alternative to fiat money.

Will governments and important people reach this conclusion this year? _{(I think these events could cause BTC to cross the 36,000 channel)}

Bitcoin let it be like a bitcoin and keep it growing.

And let Fiat be a fiat even if it will turn into CBDC or whatever is

I am sure that every time there is a change in decade, all aspects will continue to follow it, with the emergence of an idea or breakthrough.

Quote from: D ltr on Today at 03:54:52 PM

it is good for investing but not for transacting, because the price is not fixed so we as owners can feel a loss if bitcoin is in a period of correction,
and I'm not sure all countries accept the existence of bitcoin cs, into their government, because fiat is easy to regulate even though it always results in inflation

I really appreciate and agree with your comments.
As said by D ltr, Bitcoin is suitable as an investment instrument not as a transaction because of the problem of price volatility which tends to be a large, also the transaction fees that be expensive (for small transaction activities if it is related to daily needs). For small transactions related to daily needs when compared to Bitcoin as a transaction I would prefer to use Fiat money.

Bitcoin will be a better currency than fiat, but as long as volatility exists, the people will always doubt about it knowing it can't even give a fixed value. As long as the government is not seeing its real worth and value, bitcoin will forever be an investment. And i think there's no need to rush in making bitcoin as a currency because once it will be declared as a legal tender, its volatility will be slowly controlled, which will only mean that investors and traders will find less chances to make huge profits in bitcoin.