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Re: Benefits of Bitcoin over Fiat
in Bitcoin Discussion
Governments decided to "ditch" the Gold Standard in favor of Fiat, just so they can manipulate the economy to their own will. You can't "print" something as scarce as Bitcoin or Gold. Inflation is sometimes more of a feature than a bug. Without it, the economy can keep rolling like it's supposed to. You can see why people often hoard Bitcoin more than they use it. Deflation encourages people to hold, as they expect higher prices in the long run. The inverse happens when there's inflation.

Both Bitcoin and Fiat have their respective advantages/disadvantages. Depending on your needs, will be the form of money to use. I'd balance between the two for complete peace of mind. Hopefully, Bitcoin lasts for generations.

Without inflation, the economy could still function but it would be a stagnant economy with slow growth. Because at that time, people tended to hoard rather than spend. When spending decrease, both supply and demand will decrease, leading to job losses, slower production...The economy will weaken.
Furthermore, the use of a currency with a fixed and decentralized supply would significantly increase inequality between countries. Countries that hold more bitcoin will become wealthier, while those that hold less will become poorer and have no opportunity for development. Besides that, this would make regulating and stabilizing the economy extremely difficult if a crisis occurs due to war, pandemic or natural disaster. The economy will collapse even faster if the government fail to intervene.

Clearly, both have advantage and disadvantages, and we need both.
#1
Re: Bitcoin remains the safe-heaven asset
in Bitcoin Discussion

Your title say that Bitcoin is still safe haven, while your post argues that it is a store of value. They are related, but they are two completely different concepts and cannot be grouped.

Bitcoin is a store of value, and I think no one can deny that, but I disagree with the notion that bitcoin remain a safe haven. Bitcoin has never been recognized or reached the level of acceptance and trust that gold has to be called a safe haven asset. It is a harsh reality, but we need to accept it.

So the question now is that it’s the level of acceptance of an asset the real reason why it should be called a safe haven, for me it’s not like that my own notion of bitcoin been a safe heaven is simply because no matter the challenges that bitcoin faces or undergoes it usually gets back to its state. That’s in a very long period of time bitcoin is actually a store of value because it usually runs back into profit if you held,

This has nothing to do with the acceptance of it, dollar or other fiat currencies today are actually acceptance by many but those that makes them a safe heaven asset that you can confidently depend on that after every economical hurdle they will be worth in Value what they worth more in future like bitcoin?

Those are your own opinion and standard, and I respect them. But you can not impose that on others and force people to do what you want.

In global finance, safe haven asset are those assets that are recognized worldwide. They are able to maintain their value during times of crisis, are highly liquid and are less affected by inflation or economic fluctuation. To date, only gold has proven this.
Bitcoin has potential, but it need time and it need to prove it to the world. It will not be able to become a global safe haven simply by being recognized by a small group of user.

I have never denied the potential of bitcoin, but we also need to be realistic. Bitcoin need more time to be recognized as a global safe haven asset.

#2
Re: La Liga (Spanish League) Prediction Thread 2025/26
in Gambling discussion
Real Madrid still needs roughly 5 to 6 points to take back the first position in the table standing and such points can only be achieved after winning their next three consecutive matches with Barcelona either winning one, two of their matches or winning just two matches and drawing one if not mistaken, but if they should win all their games without losing anything then I'm afraid Madrid won't be able to making to the top. It's just going to be unfortunate for them to finish this season without winning the title of the league despite removing Xabi Alonso and replacing him with Arbeloa.

How can you say that Barcelona can not continue their winning streak ? Barcelona is in very good form  now. They are consistently doing well in every match. So Barcelona has more chances than madrid to continue their winning streak.

Real madrid is  4 points behind. So if Madrid wants to achieve the top spot in the table, barcelona will have to lose 2 + matches. And madrid will have to win all the upcoming matches. Although Madrid is a strong squad , their performance is inconsistent. Madrid has lost against weak teams like Getafe and osasuna a few days ago.
#3
Re: What if Bitcoin never becomes everyday money?
in Bitcoin Discussion
Bitcoin will still be the bitcoin, and who wants to use it for payments can use it that is the benefit that we have an alternative to the system that we consider as rigged. I am also agree that bitcoin will never become the currency that we use on daily basis like paying for coffee because the network is not designed to handle thousands of transaction per second so it will do the job that one who prioritize it.

If I remember correctly, Bitcoin can only process about 5-7 transaction per second, which is much lower than traditional payment system like Visa . Furthermore, volatility is also a drawback when we use Bitcoin as a means of daily payment. That is very inconvenient and poses risks for both the seller and the buyer.

Clearly, Bitcoin itself is not perfect for use as an everyday currency, and it is not just the government's fault as many people are complaining.
#4
Re: Benefits of Bitcoin over Fiat
in Bitcoin Discussion
Despite Bitcoin's "benefits" over Fiat, it will never manage to replace it because governments will never allow it. Fiat will co-exist with Bitcoin for generations.

Yes, the government would never let that happen. But the reality is that completely replacing fiat with bitcoin and running the economy on it would not improve condition. That would make the economy even worse.

It is no coincidence that the world abandoned the gold standard and replaced it with fiat. An economy under the gold standard is a restrictive economy, difficult to grow and prone to recession. The same thing would happen if Bitcoin became the sole currency of the economy.
#5
Re: Bitcoin remains the safe-heaven asset
in Bitcoin Discussion
What more can a store of value offer.


Your title say that Bitcoin is still safe haven, while your post argues that it is a store of value. They are related, but they are two completely different concepts and cannot be grouped.

Bitcoin is a store of value, and I think no one can deny that, but I disagree with the notion that bitcoin remain a safe haven. Bitcoin has never been recognized or reached the level of acceptance and trust that gold has to be called a safe haven asset. It is a harsh reality, but we need to accept it.
#6
Re: Germany League - Bundesliga Prediction Thread
in Gambling discussion
Look at their performance in the uefa champions league so far, they have been nothing short of being exceptional, and if they can keep up with this type of performance till the end of the season, I wouldn't be surprised if they wins the uefa champions league added with the German bundesliga title that they are surely going to win. So football fan should be looking more on the quality and the charisma of this Bayern Munich team than the less competitive in the German bundesliga.

Bayern Munich are in incredible form. They are now able to produce good results against big teams especially as the attacking players are in good rhythm. Bayern Munich scored 10 goals in two matches against Atalanta, it was incredible.

Madrid will face Bayern Munich in the quarter-finals. Madrid is a very strong and experienced team. Even so, Munich are more likely to win. Because Munich's performance is now more stable than Madrid's. Munich has all the potential to win the Champions League title this season. They are capable of defeating any giant team by a huge margin.
#7
Re: FIFA World Cup 2026 :Canada/Mexico/United States: Discussion Thread
in Gambling discussion
Must be a joke of you think that italy will be losing that spot to Bosnia. Sandro Tonali recently linked to Man United has been recently doing too well, I do not know if it is a result of being linked to United but he has done well over the last few games for both club and country. Gattuso was excited with the win. They are the best side to win between them and Bosnia. They will make it to the world cup and most likely be the winners of the competition.

I believe Italy will win. But I am not interested in betting on italy's match. Because Italy has disappointed me many times in the last  few years. I have no doubt that Italy's squad is strong enough. But they are not  consistent enough or even  stable enough. Italy should definitely win easily against  a team like bosnia. But let's not forget that the match will be held at bosnia's home ground. Bosnia will try its best to  take home advantage. The road to victory for Italy today will not be easy. The match is likely  to be competitive.
#8
Re: UEFA Champions League 2025/26 Season
in Gambling discussion
For me they are in crisis but they also know that when they have to face big challenges they can also have great chances of winning, so it doesn't surprise me that even if they are no longer the fearsome Real Madrid they once were, many teams are still very afraid of meeting Real Madrid and they also do well, i would add, they are still Real Madrid.

The Real Madrid team is still very strong. But their performance is somewhat erratic due to inexperienced managers. But the party is still strong. In the round of 16 they defeated giants like Manchester City to qualify for the quarter finals.

There is no doubt that Bayern Munich are strong. But beating a team like Madrid is challenging for any team. We know that Munich are in good form. Even then, there's no guarantee they won't stumble against Madrid. Both have equal chances to qualify for the semi-finals.
#9
Re: Premier League Prediction Thread 2025/2026
in Gambling discussion
I really don't have a clue  how this season will end. Although there’s a nine point gap between Arsenal and Man City , but if you look at how they both performed in the EFL Cup final, I reckon Man City still has a chance of closing the gap, especially if they can win the postponed match and beat Arsenal on 19 April. If that happens, they’ll be just three points  behind, and I think Man City will have a chance of catching up (given that Arsenal still have Champions League fixtures to play , which might be very demanding on their stamina). But if Man City fail to pick up six points from  those two matches, they are likely to miss out on the Premier League title this season.

It is true that Manchester City have the chance to close the points gap. But their performance is quite erratic. Reducing the points gap is impossible unless Manchester City's performance stabilizes.

Arsenal have a big lead and are in the safe zone. The players are also very confident. As a result , the team is able to consistently perform well in both the champions league and premier league platforms. I am sure Arsenal will win the title. Anyway, if manchester city is able to perform consistently well, then the title fight will become a bit more intense.
#10