Post
Topic
Board Economics
Merits 1 from 1 user
Re: Central banks and financial instutions selling gold to retail to buy crypto
by
Samlucky O
on 18/06/2025, 02:48:45 UTC
⭐ Merited by JayJuanGee (1)
sip

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...but on like bitcoin the price to USDT and fiat can not be manipulated since p2p price of buyers and sellers dont have much price difference, you dont need to stress yourself...
Mostly true, yet markets are more psychological than we think. Thin liquidity, exchange failures, panic, all still possible, only in new flavors. But you are right: with a few words you can get out of geography, regimes, thieves. We are seeing the new era of human autonomy. The only catch: you must trust yourself more than any vault, and that's not a lesson that school ever taught

It likely would not be fair to suggest that bitcoin is without disadvantages since there can be some challenges in regards to both knowing how to use bitcoin effectively, protecting oneself and the responsibilities of being ones own bank, for those who choose to hold bitcoin and perhaps also trying to figure out successorship issues, which could be problematic if they keys (or how to access them) are not sufficiently explained and/or left to your chosen successors.
yeah that's true.  i know surely  that even as we proclaim the importance of bitcoin over gold doesn't mean that bitcoin is risk free. one of the most risky part of bitcoin is loosing access to your wallet, that will automatically make a person lose all his asset forever.

there are guys who made such mistake back then and to day they have lose access to their wallet forever. example of such people are
1. James Howells who lost a hard drive containing 8000 bitcoin in 2013
2.  Stefan Thomas is also another guy who lost access to his hard drive containing a total of 7,002 bitcoin
there are many folks who lost access to their wallet and that is how they lose fortune forever so it is good to prioritize safety or safeguarding our seed as that the most important thing in bitcoin investment. that's why it is often said that not your key not your coin, this implies that if it is lost you also lose your asset.