Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: That's why I really like bitcoin :)
by
Marvell1
on 05/09/2022, 05:44:07 UTC
⭐ Merited by JayJuanGee (1)
Bitcoin is like a bank that’s in no way closed, this currency is moving and available 24/7. Further people and places are starting to accept it, from coffee shops to real estate possessors, this is a currency gaining traction and seems to be gaining worldwide acceptance.
I will not say that Bitcoin is like a bank, in which aspect?
The bank is centralized and Bitcoin is not. The bank is only open during working time (except for some of its features that can be accessed 24/7, but not all aspects can.), and Bitcoin can be accessed 24/7. The bank needs more regulation and Bitcoin is not.

In a way, bitcoin is also a bank, our own bank. We can keep and manage our assets on our own, without the need for a third party to manage them, and without having to worry about our assets being stolen or frozen by someone.


But, BItcoin has more than banks can do, Bitcoin is not only a currency but also an asset for high worth investment.

Bitcoin is obviously better than the traditional bank, but sometimes we still need the existence of the bank, can not eliminate the bank completely. When you need money or capital to cover emergency situations, bitcoin will not help you in this situation, but with the bank it can. They are willing to help you with certain conditions, although they do not help us for free but in this case the bank is necessary.