Everyone in the crypto space has had people tell them that Bitcoin is worthless or that it doesnt have any true value.
Of course, thats infuriating to hear, but for investors new to the space, its sometimes hard to craft a good answer.
So heres a little cheat sheet for any newbies out there who get this question or accusation:
1. Bitcoin is safe. It cant be hacked because its decentralized.
2. Bitcoin eliminates layers of transaction fees.
3. Bitcoin is fast (especially after the lightning upgrade).
4. Bitcoin provides more privacy than normal transactions.
5. Bitcoin hedges against stupidity from central banks and governments.
6. Bitcoin cant be counterfeited.
7. Bitcoin isnt tied to other asset classes and is a hedge against other investments.
In short, Bitcoin solves massive problems with the financial and political world, and that is its value.
And because its the most tested and has first mover advantage, it has been established as a store of value, much like digital gold.
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@charteroakpublic
- a Telegram channel with leaks from premium sources like Palm Beach Confidential
Yeah right and also with these things we can give another explanation like in the bitcoin your money will be your , may be the value of the amount of money that you invested changed in to small get up ( that totally depends upon the market demand values ) .
But the amount of the money that you have will be totally in your control that whether to use and Whether to not to use .
For example if we put our money in bank then bank will give very small amount of % as a interest and also will deduct big amount of fee that is really a bad thing and if we will put our money in blockchain technology then no one will be between us and our money .
So a type of freedom and independency we will get in bitcoin to spend anywhere in the world without restrictions .
