Post
Topic
Board Bitcoin Discussion
Re: 😉; It's The Weekend,Banks Are Closed, Bitcoin Is Up 24/7hrs
by
peter0425
on 17/04/2023, 01:57:02 UTC
   Bitcoin relies only on the Blockchain network which gives it the ability to operate 24/ hrs a day and 7 days a week.
      unlike other medium of exchange like the fiat money, which depends on the banks and government to operate continuously, the Blockchain helps record all transactions made on the Bitcoin network.
and that is the advantage of Bitcoin over banks things that OP is pushing here to believe but the thing is only crypto users knew that advantage and since  this is for crypto community then we cannot add believers in that point.
better to share this outside this forum because we already knew and doing that.
This is always reminded to me through social media posts, that the banks are closed because it's weekend but Bitcoin is open 24/7. But I would also like to remind those who are reminding me and the community. Where are your coins stored? If it is stored in a centralized exchange or any custodial services, then you are actually in no better position. Your custodial wallet or centralized exchange account could actually close for maintenance or whatever reason anytime during the day. And it could also suspend withdrawals, trading, and other activities indefinitely.
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This is always reminded to me through social media posts, that the banks are closed because it's weekend but Bitcoin is open 24/7. But I would also like to remind those who are reminding me and the community. Where are your coins stored? If it is stored in a centralized exchange or any custodial services, then you are actually in no better position. Your custodial wallet or centralized exchange account could actually close for maintenance or whatever reason anytime during the day. And it could also suspend withdrawals, trading, and other activities indefinitely.
and indeed that we actually understand that matter and thanks to social media , that we happen to learn  and deal for years now and another years to come.