Whether we like it or not, Bitcoin will eventually reach the banks, because if there are so many people who care about their privacy and that's why they are using Bitcoin, there are more people who barely care about these things and for them, Bitcoin is nothing more than any other normal asset that they can use to make money and also use it as collateral to take loans and do whatever other financial things they can even if they have to compromise on their privacy for this. Such people don't treat Bitcoin as something that can allow them to stay private with their finances and financial holdings.

You won't believe it, but there are people out there who might be involved with cryptocurrencies, making investments or trades on centralized exchanges, but they don't know anything about decentralization or understand what it means and how useful it is. They only know one thing, and it is that Bitcoin has a volatile price value which is why they can buy and sell it for profits, and that's it. So, what can you expect from such people? They wouldn't even think twice before giving their bitcoins to a bank to get a loan if they want.

And that's what makes BTC so valuable. There are many stories of people losing BTC, and those BTC are unrecoverable; they're gone. That's what makes BTC more valuable every time. No one can own 100% of BTC. It's scarce, and that's why it's said to be the asset of the future, the only one through which all transactions will be handled, because its system is perfect. I don't see any flaws. It doesn't depend on anyone. Anyone can acquire BTC for any price. It's accessible. It's a major blow to the elite who have always wanted to control everything.

Valuation can be a problem, but they can just use pounds to value their products and services in BTC. For example, I sell one thing for 10 pounds. I will simply convert how much BTC I can get for 10 pounds and charge that instead. Simple. But the real problem is the high fees and the time it takes to process a single transaction.

That's what I was trying to say, what you said in the last lines. It can't solve everyone's problems, it's just an alternative, so be smart and use it for your own good. We can't take everyone into heaven either, even if we want to. The decision is theirs to make, what they do and what they believe.

In as much as I will always support for diversification, I will also ensure that I encourage people to consider Bitcoin first before any other alternative could set in, we can look at bitcoin performance right from the start and see how far we have gone to this day, this will give us the full confidence on why we should consider for Bitcoin, there are also profitable assets aside this and it is not smart enough to have all our eggs on the same basket, it is also a wise decision that bitcoin constitutes the major portfolio we are having.

Steal ‘n Shake is no small business my friend, they are a huge restaurant and one of the very best championing the course for accepting Bitcoin payments today because, they view it to go beyond being a currency but, as an investment idea. This is a company that is said to have over $10m in Bitcoin reserves and most of their payments for purchases with Bitcoin goes straight to that reserve. It’s a completely different model of operation that focuses on holding. When you’re about that, you wouldn’t care very much about what’s happening on the market. Besides, which ever losses that you might incur in a dump, of course you can always bounce right back in a pump.
It’s a lot different for businesses expecting turn overs to restock and don’t have the patience to wait on the market to do its thing.

Let’s get this straight, people go into business and certain investments for profit making, it’s not an NGO and you don’t need to have a huge amount of money to run a business. We still have petty traders here and yeah, it can depend on the model of business but, a currency shouldn’t be that selective don’t you think…?

You are right. They need to know what inflation is and how it is affecting a person cash and earned funds. In fact if a person is well aware of the negative effects of inflation he will want to know how to use his funds to prevent the loss of those funds. When inflation hits a country most people suffer financially because their purchasing power decreases.

An investor can only use his funds properly by investing in Bitcoin by using a planned investment strategy. Bitcoin is for long term investment and you need to be in Bitcoin accumulation regularly. Bitcoin is an important hedge against inflation. Accumulation Bitcoin not only to prevent money loss but also to build future wealth just like investors buy and hold gold or invest in real estate. I think holding Bitcoin can be more profitable than real assets.

A deflationary currency is indeed needed to counter the inflation and that is one of the things bitcoin solves for now. The currencies that we are using will never go out of service because the adoption is 100%.  But then the choice to own and spend bitcoin is a personal one. Still economic decline of fiat is too much to work with.

For those who have been using bitcoin will find less merchants directly accepting bitcoin but gift cards are available and could be used. Hence its not that merchants are completely away from bitcoin, they are allowing use of coins but under cover of gift cards and all.