Post
Topic
Board Bitcoin Discussion
Re: If Bitcoin been backed by Dollar then what will happen if the Dollar collapsed?
by
Churchillvv
on 01/06/2024, 19:02:33 UTC

The reality tho is the fact that this coin and Crypto in general is backed by nothing but Fiat and this is why I always want to sell my BTC before it's to late (it been stolen but that beside the point)

Am I hearing bitcoin is scam here?

Perhaps a lot of people have shared with you what bitcoin really is all about but I guess you still have a theory to give in this community about bitcoin.

Bitcoin is not backed by fiat, it's an alternative currency which is used same way as fiat but not a physical money as your regular fiat.

I can see a bunch of regrets in your statements maybe you couldn't succeed with your idea of becoming a billionaire after having up to a hundred to a thousand bitcoin which you lost now that bitcoin is way too valuable than you can imagine you turn against it with some kind of theory.