QUOTE(p4n6 @ Mar 7 2021, 12:07 AM)
If freedom of money means not able to spend and not willing to exchange with cash in where you live in ... then how is it different with those hell notes we used to burn to our ancestors - it is a currency of it own, it has high virtual value, only can be used in limited place and can't be used to buy stuffs locally? For now in Malaysia, for the BTC to have value, you still need to exchange it with cash to use in real world.
Unsure how long till banks will start to accept BTC / insurance company to accept BTC loss coverage, until then the BTC will be at risk despite it has a high virtual value cause unless you transfer it to your PC/USB, the exchange can always close shop (happened before) claiming their server got hacked and other excuses. Transfer it to PC/USB also is a risk of drive faulty or got hacked etc and loss everything ...
Cash in bank now is guaranteed by PIDM at least with some guarantee in case the bank gone bankrupt ...
I do invest in BTC in small quantity as a alternative investment, just i still have my doubt what we envision of BTC will ever happen in the near future.
C
If they talk about is similiar to digital gold investment
Well if trading near stock exchange any around d world
One can cashout their money at anytime and spend it anytime
Without worrying
That's d freedom
Can btc trading offering such freedom by now?
If is not that's volatile
And when volatile
Meaning d system itself maybe not sustainable
Another reason is not all merchant will dare to accept
For 1 solid reason
Btc can be 200k today..300k tmr and even 500k d after tmr
But at same time btc can become 100k tmr..50k d after tmr
And 100 bucks any time...
So why would most traders /merchants will dare accept such volatile as payment?
This post has been edited by keluarpattern: Mar 7 2021, 12:18 AM