Post
Topic
Board Bitcoin Discussion
Re: I hardly have up to $100 again in all my fait bank accounts since I joined BTT
by
Piesel
on 19/11/2022, 10:06:43 UTC
But that is not only all, in my country, the fiat is highly devaluing and getting more worthless as usual, the inflation rate is increasing leading to reducing purchasing power. That has been the reason many people do not prefer fiat but prefer bitcoin, while also that if bitcoin is probably investment on, can give profit. No one can invest in fiat because it always devalues.
Good point and you can add over-taxation of fiat balance because most times, I have gotten notifications on deductions from my account but I don't experience the same with my Bitcoin balance unless I initiate a transaction that is when I will be charged some Satoshi for network fees.

Know this and know peace! With Bitcoin, the bank or government does not have access to your money, but with a bank balance, you don't have the right over your money the bank and government do that is why there can take any amount and give you what is left.