Post
Topic
Board Beginners & Help
Re: They believe that Bitcoin is outdated due to a misunderstanding.
by
Dr.Bitcoin_Strange
on 24/08/2023, 22:57:34 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. Why trade the safety of government-backed insurance for something that can change so much?

With that being said, it's very clear how less educated you are about Bitcoin technology. Although Bitcoin technology is not a forceful technology on users, it's for every user to take their time and study the technology, and if they like its relevance, they can decide to adopt it or not. Bitcoin is a volatile asset, and its profitability is still because of its volatility. During the bear market, the price of Bitcoin plummets, and Bitcoiners, both old and new, buy Bitcoin at the dip. During the bull market, when the price spikes, some investors sell their Bitcoin and make a profit. So, your money is safe with Bitcoin investments because the value of Bitcoin increases with time. Unless you are careless with your coins, that's when you can lose them to scammers or hackers.