Quote from: awik p on Today at 05:02:30 AM

Quote from: loopes on July 05, 2023, 11:06:17 PM

Quote from: SamReomo on April 05, 2023, 10:03:12 PM

Here are some valid reasons that made me to love Bitcoin:

Bitcoin is completely decentralized, which means that no government or banks can have control over it. Traditional currencies, such as fiat, for example, the US dollar, Euro, and others, are controlled by banks and governments, but Bitcoin is not controlled by anyone. It works on a P2P (peer-to-peer) network of millions of users.

i am trying just to be neutral, the decentralization concept on bitcoin is like two sides of the blade. In one side it is an advantage that like what you said but in the other side it is a disadvantage because no third party who regulate your money it means there is no party who protect your money from any disturbance. then the second reason is one of the reason scam risk on this digital money.

especially in the absence of a legal umbrella to protect, it makes digital criminals more flexible to carry out their actions. therefore we must be able to secure our wallet so that it is not hacked with tips that have been widely circulated in this forum. but from that risk I personally still love bitcoin because it provides additional income to deal with an era of soaring inflation. therefore with bitcoin it can prosper the family economy. but there are also a lot of people who hate bitcoin because they don't have any prior knowledge of investing, so get carried away with disastrous expectations

That is a personal risk, meaning it is your own fault if you get hacked, and it is also on you to secure your wallet. That is not involving Bitcoin, but all aspects of personal life. Also, bitcoins are not the answer to the soaring inflation, as Bitcoin is just a tool for another source of income, which means that you gain profit from it and are able to spend it on your necessities. It is just another way to earn extra money aside from work. Bitcoin is mostly an investment right now, with people and holders hoping for profit, which is why people love it.