Post
Topic
Board Beginners & Help
Re: They believe that Bitcoin is outdated due to a misunderstanding.
by
mk4
on 24/08/2023, 19:18:43 UTC
Some people say Bitcoin is great to keep your money safe. I don't get that. A good way to keep your money safe means its value doesn't change much. But Bitcoin's value goes up and down a lot, so it's risky.
When people say this, a lot of times they mean "safe" in a way that it's safe from the filthy hands of the government/authorities. Currently doesn't sound much of a problem because your country's authorities aren't doing anything bad with your money? Well, don't wait until they do.

Why trade the safety of government-backed insurance for something that can change so much?
They can be a lot less "safe" than most people think — depending on what country you're in. Tongue