Replying to nobody

I see a lot of people advocating the move 100% to bitcoin to replace fiat.

That is simply dangerous. Do not put all your eggs in one basket.

Bitcoin provides a lot of value from a technological point of view and has a lot of potential in the future that’s for sure.

From an economic point of view, no one knows what drives bitcoin prices, there is a lot of unpredictability, and a lot of shadowy actors in the markets.

So, it’s good to be invested in the bitcoin ecosystem but not fully for now, because although bitcoin has all the properties of a currency, you cannot buy much with bitcoin today.

This rant is coming from a good place, I don’t want people losing their life savings because of some misconceptions.
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NotGuiltyThisTime 2y ago

If they are Americans they shouldn't say that. US is US for few things and one is the dollar, the world currency.

Other countries can say it and try to weaken US.

Everything has a cost, my QOL is low AF cause i don't trust in the banks and that's why I don't have cards and bank acc

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41
nobody 2y ago

You don’t have to trust the bank to deal with them.

No one trusts banks and financial systems, because even in time of crisis, they let people down and their CEOs pocketed big bonuses.

I hope you find the right balance to enjoy your life while respecting your principles and beliefs. 💜💜

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NotGuiltyThisTime 2y ago

I experienced the total collapse of the financial system and that's my thought