Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Princess Leah
on 22/08/2025, 12:29:13 UTC
The only reason why we most times prefer keeping money in the bank to holding it ourselves is because we have been made to believe that banks are a better option in terms of storing our money. returns as a result of keeping the money with them is never part of the deal but rather we even spend more in terms of charges and a lot of the maintenance fees that is becoming too much to bear at the moment. banks at their end use the money to do business, get money from it while you have to pass through series of regorous proceses whenever you want your money back.

The advantage of depending on bitcoin as a better alternative to the conventional banking system is far too enormous and are all centred as a means that is to your own advantage. keep $10k in the bank ten years ago and go back to get it, if the bank is still in existence and you are able to get your money, the $10k qill remain same amount with chances that such account might have been termed a dormant account that has been handed over to the government placing you at the lossing end. do same with bitcoin for that lenght of time and you can boost that you are a millionaire at the present because of the difference between bitcoin price ten years ago and what it currently is now.

It could be the charges and constant maintenance fees that gave Satoshi the idea of creating Bitcoin, not too sure but just saying because his main idea was to create an alternative to fiat currency whereby no third party is involved, with lots of privacy and no regular maintenance fee. To be honest the maintenance from bank is so much to bear, in some countries like where I come from the charges are becoming too much.

 Now bitcoin offers a better alternative and standards compared to the banking system and it's blockchain is very safe and secure whereby the only way you can lose your money is when you expose your seed phrase to a third party, with Bitcoin your money serves as investment and grows periodically compared to the banking system that uses your money for their own business and still charge you randomly for saving your money, with Bitcoin  you're your own bank so it's far more better.