What was your Bitcoin moment?
When I first got into Bitcoin, I didn’t really understand it, I just thought it was a cool idea. I first invested in Bitcoin and other “cryptocurrencies” in 2021, when prices were on the rise. During this time I began learning about Bitcoin.
In 2022, when the price of Bitcoin and “cryptocurrencies” crashed, I noticed that I had an urge to sell the “cryptocurrencies” I was holding at the time, but not Bitcoin. So I explored why I felt this way.
I realized that the reason I felt safe holding Bitcoin is because of its decentralization. Even though its price was much lower, the network was ultimately the same and I trusted it would continue to grow, still do.
When it comes to the existing money, governance, etc. there is a lack of trust. Bitcoin’s properties/qualities (decentralization, immutability, transparency, scarcity, etc.) provide us with a tool to restore trust in society.
What was your Bitcoin moment? I’d like to know :)
#bitcoin #investing #trust
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The opportunity to exchange dollars for Bitcoin will not last forever.
#bitcoin #money
Buy and hold > timing the market.
#bitcoin #investing
New video! Bitcoin has hit an all time high in all currencies across the globe! Join me as I discuss how Bitcoin got here and where it's heading next. Thanks for watching and Subscribe!
#bitcoin #money #investing
I’ve heard a lot of people say that Bitcoin will replace the existing monetary system, but this will take a long time (decades) to happen. I disagree.
When it becomes clear that something works better people catch on pretty quickly, especially in the internet era where information can reach everyone in a matter of seconds.
The existing monetary system is not strong. It is backed by nothing but trust, which has been lost.
Once Bitcoin appreciates against fiat currencies to a certain level I expect adoption to happen suddenly. It will become clear what is happening.
Bitcoin is the monetary system and a trust-less base layer with utility that we are yet to discover.
#bitcoin #money #trust
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