Quote from: Marvell1 on Today at 08:29:37 AM

Quote from: kotajikikox on Today at 07:05:32 AM

I would not go as far to say that bitcoin is a gamble but it can't be a magic fix to whatever the issues are in fiat. The thing is fiat's issues are its own alone. Bitcoin is not meant to replace fiat. But it can serve as an alternative. Right now, since bitcoin is not massively adapted by everyone and every country yet it makes it harder to completely make use of bitcoin and use it to its maximum.

Now fiat is still needed no matter how you do not like fiat, it is almost impossible to live normally without some fiat on you. I would like to see someone live with just bitcoin. So no it is not a magic fix but I believe that bitcoin has been reliable and stable enough to not be called a gamble.

That shows that it has not really escaped the potential risks and become safer than other traditional assets, so there is nothing wrong in saying that investing in it is nothing more than a gamble. A gamble can bring us big profits but also comes with high risks.

I don't agree with you here. Bitcoin is always better because there is no central authority, you alone can choose the way you want to use your money they don't get to tell you when you can withdraw or limit to withdraw/deposit, but the traditional finance system does. If you are talking about risk, there is no system that risk is not involved. Even those with fiat can still be scammed or hacked when someone gain access to their device.

There has never been a time where Bitcoin guaranteed risk free use of it. Bitcoin only serves its purpose. You can send any amount to anyone in the world without any third party being involved. No document is expected from you.

Quote from: Marvell1 on Today at 08:29:37 AM

By the way, people always compare bitcoin to fiat and claim that bitcoin is the better solution. But as I see it, people only use bitcoin for speculation and when they have enough profit, they will go back to fiat and traditional assets. This makes me wonder, do people really see bitcoin as an alternative or are they just taking advantage it and will leave it once they have achieved their goals?

There are persons who still know the value of holding Bitcoin aside from making profits. My friend does buy Bitcoin from people because he uses it for his gadget business.