Post
Topic
Board Economics
Re: Keeping money and keeping bitcoins? are they similar?
by
Promocodeudo
on 02/03/2024, 07:36:18 UTC
The massive awareness to keep bitcoins for as long as possible promotes people to develop the attitude of saving, just like saving money. Do you agree with this that people who are very good at saving money become very good at keeping bitcoins when they finally start doing cryptocurrency? Or do you feel that there is no similarity between keeping bitcoins and keeping money?

Fiat and bitcoin are almost the same but they have few differences, Bitcoin is a digital asset while fiat is just for the process of exchange of services rendered or process of purchasing good and services, fiat does not act as an asset, but bitcoin act as an asset and money, the only disparity is that bitcoin is not a physical money in handy nature unless is been converted to fiat if the need arises, fiat is very inflationary but Bitcoin is not because it anonymity and safe custodian nature, no personal entity has a final decision to make in bitcoin, but general Bitcoin was created to solve more money problem and I really sense, bitcoin is more than money because it's characteristics has surpass money functions.