<<  >> (p.5)
    Author Topic: Disadvantage of bitcoin  (Read 771 times)
    CryptopreneurBrainboss
    Legendary
    *
    Offline Offline

    Activity: 2772
    Merit: 5102


    Available for signature & promotional jobs.


    View Profile WWW
    November 17, 2023, 12:29:40 PM
    Merited by Nwada001 (3)
     #81

    I’m not trying to doubt in BTC but at times we should call a spade a spade and accept the fact that aside decentralization that bitcoin offers and its volatility that we all profit from, a lot of people would still want to stick to the traditional banks because it also seems to be one of the safest place to keep our money.

    How's it the safest when our money can go missing and we don't have anything to do with that, atleast if our money get missing in Bitcoin is because of our fault but the banks gets hacked/bankrupt without we having anything to do with it and they won't reimburse us. The image you shared is only remembering us that we're our own banks with Bitcoin unlike the traditional banks that are centralized and our fund can be frozen without our consent. Bitcoin puts the power of control in your hands so you're to protect your funds very well. If you do things rightly you won't be in the situation that the image is talking about. Don't exposed your private key online and keep your Bitcoin in a cold wallet and secure your sensitive information securely and you want have any regrets.

    Everything has its disadvantages but don't take the power to be in control of your own finance as a disadvantage. We don't have to be careless and expect the centralized system to save us. I know we're used to others taking responsibility for our well-being but as we want to be in control, we have to leave them and look after our assets ourselves. Always back up your private keys and seed phrase. Also you can go extra miles by not putting all your eggs in one basket. Separate your coins in different wallet so that if you'll need fund frequently, keep it separate from those you'll need to hodl for a longer term, doing this will make sure the wallet is always offline and don't get compromised.

          ▄▄██████████▄▄
       ▄███▀ ▀▀██████████▄
      █████     ▀▀█████████▄
     ██████▄       ▀▀████████
    █████████▄        ▀▀█████▄
    ██████▀  ▀▀█▄▄       ▀████
    ██████      ▀▀█▄▄      ███
    ███████        ▀▀█▄▄  ▄███
    █████████▄        ▀██████▀
     █████▀  ▀▀█▄   ▄███████▀
      ▀███       ██████████▀
        ▀██▄  ▄▄█████████▀
           ▀▀████████▀▀
    .
    .CASINOBET.
    ██████████████████████████
    ██████████████████████████
    ████████████  ████████████
    ██████████▀ ██ ▀██████████
    █████████▀▄█▀▀█▄▀█████████
    ████████▀▄██████▄▀████████
    ███████▀▄██ ██ ██▄▀███████
    ██████ ▄█▀██▀▀█▀▀█▄ ██████
    █████ ▄██▄██▄▄█▄▄██▄ █████
    ████▄ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ▄████
    ██████████████████████████
    ██████████████████████████
    .THE HOME OF CRYPTO REWARDS..
    .............. UP TO 65% RAKEBACK + CASHBACK   ..............
    ██████████████████████████
    ██████████████████████████
    ████████▀▀▀ ▄▄ ▀▀▀████████
    ██████▀ ▄███▀▀███▄ ▀██████
    █████ ▄█▀██▀▀▀▀██▀█▄ █████
    ████▀ █▄▄▀ ▄██▄ ▀▄▄█ ▀████
    ████ ████ ██████ ████ ████
    ████▄ █▀▀▄ ▀██▀ ▄▀▀█ ▄████
    █████▄▀█▄██▄▄▄▄██▄█▀▄█████
    ██████▄ ▀███▄▄███▀ ▄██████
    ████████▄▄▄ ▀▀ ▄▄▄████████
    ██████████████████████████
    ..2 ETH GIVEAWAY   |   150% + 500 FS..
    ..... FOLLOW & PLAY TO WIN       |           WELCOME OFFER.........
    ..PLAY NOW..
Page 4
Viewing Page: 5