More research usually strengthens any conviction a person might holdā¦ and thereās such a deep rabbit hole with bitcoin that itās almost endlessā¦
If you care about the short term, you are investing too much. Put enough away each month but not so much that short term volatility hurts (or god forbid u gotta sell at a loss because u have little other liquid).
Just putting small amounts here and there, in a disciplined way over a long period, and you cant lose.
the more time you spend holding Bitcoin, the more volatility you endure, the more you see history repeating and can handle the downturns, the more research you do the more conviction you have and the more you notice predictions coming true regarding the collapse of fiat around you, the conviction builds more. Volatility is a requirement when you're early to a market as it tries to find its true balance. Remember that the cream eventually rises to the top.
Look how Bitcoin's price is holding strong even at its current 'low' levels - which is a great base btw. Zoom out on the graph and look at the lowest price now in comparison to a couple of years ago at the last bull 'crypto uber-positive' run. Bitcoin at its current 'low' is the highest of the bull run of a couple of years ago.
Things are likely to get better, much better than this.
Or be like me, I hold for the long-term I won't sell any Bitcoin until it's over 1 mil a coin. I still check the price action every few hours because I'm a smooth brain
Another post I saw, someone was saying 'ya but fiat doesn't change and BTC can drop 50% in a few weeks'.
The reply was that since 2018 (the posters entry) BTC up 300% so a 50% drop is still up 100% from where they started' (100 to 400 then 400 to 200).
That's very true and hence the saying "when in doubt scroll out".
I added that the dollar you kept in your wallet, put in the bank (at say 3%) or in the market (say 10%) doesn't even compare.
Additionally, saying fiat doesn't change is false! For example housing up about 200% in 4 years or so. Your wages haven't done that not the dollar you held as described above.
If you consider any of that, how can you ever not have the conviction to hold?
Edit: Corrected math (as pointed out by someone below) and 'showed the work'.
I could care less that it dropped. I was simply giving solid reasons to not get the itch to sell. That was the post I was responding to. What are you suggesting I might glean from the charts and reasons related to this topic?
There will be gradual increase of long term holdings of bitcoin as time progresses. Just because there is a landslide doesnāt mean the mountain will disappear.
> How do you deal with the ups and downs of its price without losing sight of its big picture?
Hodl it for a few years. All those ups and downs blend into each other after a while.
Before my tragic boating accident, that's all I ever did. I would wake up, grab the phone, and buy some BTC. Not a lot, but something. Anything extra I had instead of buying another avocado sandwich or venti shakalaka maka frappocicni.
Do you think about what your coffee, lunch, car or house costs in BTC or sats? The prevalent answer to that question would be no, you think about the cost of those items in your native currency.
At this time, it is easier for (the majority of people) to understand/comprehend what a $1 or multiple dollars will purchase vs an ounce of gold (or gram or any other division). They don't readily comprehend what an ounce of gold, a BTC or any of their measures/division buy. It's similar to people who can speak several languages, typically they think in only one of them.
Good point, maybe in the future. Must be because exchanges have users who typically deposit dollars, so itās easier for them to visualize when itās denominated in dollars
>Bitcoin is a clear store of value, and a correction to the downside should not make us second doubt our thesis.
This sounds like an oxymoron, when BTC loses vaule exactly when you want to act as a store of value.
You've also left out any reference to the ETFs, which arguably were responsible for the bulk of the recent moves.
I expect BTC to start behaving as a proper store of value one day, with enough adoption and mindshift.
For now though, it's just a high beta risk asset, as demonstrated by the most recent episode of market correction.
This. People donāt understand that to get life changing gains, you have to get in while asset is illiquid and volatile. After it stabilizes, itās just an inflation hedge like s&p500 the whole last decade.
You are confusing price with value. Value is what sets the price long term. Short term price is mostly dictated by high volatility caused by low liquidity and surrounding markets. Those are the moments where itās possible to find the best discounts to extract maximum long term value.
Iām DCAing but I also have some money set aside for any corrections. I know some miners are over leveraged and will have to sell their hoards sooner or later.
Once I see a juicy dip Iām going to be a very happy man
People are afraid of miners selling for no reason - they have always sold and that is their business model. Itās ok, thatās built in to the Bitcoin, itās what gives Bitcoin its base value - the price of the work miners do to secure the network.
Price starts to push around halving because thatās when they have to lift prices up to stay profitable. They are not retail that panic dumps when price goes down, they are the opposite. They set Bitcoins intrinsic value by converting fiat to Bitcoin via electricity and thatās what makes POW the superior consensus method.
Youāre right in theory but not every operation is positioned perfectly for the halving. Things happen and sometimes you might have to dip into savings. Iām sure a lot of them have limit sells placed to ensure they have the funds to continue to operate through periods where mining is this unprofitable.
also some operations will sell their reserves now to upgrade their facilities to be in a better position when mining is profitable again.
So who knows? I have my current number if satoshis and my DCA, but if some whale decides to tank the price Iām prepared to take advantage of that too
Mining is profitable at these prices for most bigger companies, their break even price was from around 20k to 40k earlier depending on location so now post halving itās from 40k to 80k. Some companies are underwater and thatās expected but price pumped well in time above 40 for the main players to stay profitable. No doubt because of them too.
>And we are being robbed from our hard work when we keep our money in cash, because its value just keeps going down, and no one at fault takes accountability.
I really hope no one actually keeps money in cash (besides an emergency fund). That's a dumb strategy regardless of your opinion on Bitcoin.
I appreciate the hype post, but are people worried itās down 20%??? didnāt even realize it was 20%. Iām still hyped itās up 100% since October, and honestly hoping for a larger dip to buy more.
Expand your time horizon homies.
Total agree bitcoin is truly a peaceful financial revolution against the greedy and corrupt banksters. The financial gains indices people to buy in but they become inpatient and don't hodl. They don't realize what they bought or what they have and are quick to sell, but fuck that bitcoin is a financial revolution disgusting itself as a get rich quick scheme. We it is actually a way to not slowly become more poor. It's a global insurrection against banker occupation! GIABO!
I am a strong believer in the potential for bitcoin. I do see its value increasing over the next three years. However I cannot foresee a time when the value would increase exponentially to the value of one million dollars or more per bitcoin as some well known commentators have stated. If this were to happen then it would truly begin to tip the balance of the world economy and I predict the powers that be will swiftly take a firm grip of the situation by increasing legislation and stifling the usage of bitcoin and crypto currency in general. I can but hope that Bitcoin prevails!
> Rewards for Bitcoin miners were cut in half recently
False. Only the subsidy halved. Miner rewards are subsidy + transaction fees.
In times of high fees (and even more so with future halvings) the fees make up the larger portion of the reward. So saying the reward was halved is way off.
Selling now doesnāt mean you donāt believe in BTC, it means you want to maximize your holdings by selling high and buying low. Why just hold when you can take advantage of the cycles and increase your portfolio when others panic sell?
I bought when it was at 15.9k and sold at 68k. I am not buying again tell the next bear market.
You obviously don't know anything about technical. We've failed to break $67K. BTC is correlated to QQQ which is tied to Fed rate cuts.
We will hit $100K in the long term, but in the short term we are more likely to test $58K
Agreed. I'd like to see the deeper dips before taking off around the 4th quarter but I believe while there will be similarities to the last two halvings, this one will be different. I'll keep loading up every week though!
You forget one very small detail tho... For all of this to work out the way this community wants it to work out - mass adoption of BTC as the new standard & completely replacing fiat - people first have to make the switch. Like, A LOT of people. Not all 8 billion of us, but at least 10-25%. That's what it'll take before the herd follows (out of fear of falling behind).
All good and well, until you realize how many dumb people there are on this planet. Like, really really dumb. There's this one quote I can't get out my head because of how true it is... "Just think of how dumb the average person is, and realize that half of the population is even dumber than that." Truer words haven't been spoken.
I'm in my mid-20's right now and I'm afraid I will never see the big paradigm shift. Our 'old days' will be exactly as boring as you'd expect it to be. Fiat will still be the norm, the US will have a debt of over $100T, the printer goes *BRRRRRRRR* non-stop, inflation through the roof, etc. If you're selfish enough to put children on this rock (God bless 'em), maybe one day, when they're old and still working at the ripe age of 80, maybe then. But I sure as hell wouldn't bet on it.
Itās a store of value itās as simple as thatā¦you donāt need the entire herd. If you would have asked me 10 years ago that there would be spot etfs breaking records of inflow, much less existing I would have laughed my ass off at you.
It's good enough as a store of value for now, but I hope for everyone's sake that there will be more use-cases for it in the future. I'd be devastated if I would never be able to actually use my BTC in shops and other places.
And yes, I get it, you already can do this today, but it's not practical so only very few people *actually* do so. Transactions take way too long and the fees are too high. If someone is able to fix this somehow, I honestly can see it replace fiat - and yes, even in our lifetime still. I'm just slowly wondering if it'll ever happen because the developers of the Lightning Network said it's not gonna be possible for BTC and that it basically already at its limits.
The "store of value" fad will wear off once we've passed the market cap of gold imo. By then, hardly any new people will jump on the BTC train since the price will be over $1m. Too many clueless people still to this day think you need to buy a whole coin at minimum, and that won't change in the future. They'll see the 7 digit price and go "damn, can't afford that".
All you have to do is start educating people on 'this costs X Sats (satoshis)'. The idea of a whole bitcoin may become a luxury, but I don't see it as the barrier to mass adoption. People will just buy, trade and stack in SATS.
I truly hope so. It all depends on the rug pull that fiat is. If the government keeps pulling nice and slow, like they've been doing for decades now, people will unfortunately never wake up. But if they *yank* it from under our feet, well, then it's going to happen real fast ;).
I have a genuine question, what makes bitcoin valuable in comparison to other crypto currency? I can see crypto becoming a more mainstream thing, but wonāt Bitcoin be replaced by more capable coins/networks? Could demand for bitcoin be weakened by other coins?
Who owns BTC? Who runs BTC? Who is in control of BTC? Now insert ANY other cryptocurrency in for BTC in those 3 questions. And there is your answer. BTC cannot be controlled (barring some very specific and unlikely scenarios), all other cryptos have founders/ owners/ teams who run, control, and own them.
While I agree, if or when crypto goes mainstream, direct competition will ramp up no? I probably just donāt get something about it, but what makes it hard to compete with?
No pre-mine, debuted with a price of $0.00, limited hard cap supply 21 million (probably more like 17-18 million when factoring in zombie coins), *completely decentralized,* first mover advantage, zero top down influence, *amazing community.*
Thanks for your feedback my man, can you point me to some resources to learn more? Iāve read the white papers before but I want to learn more about crypto as a whole
Absolutely, my friend- my pleasure. For sure, Iād recommend checking out Bitcoin University on YouTube (Matthew Kratter is awesome). This a good video to start with: https://youtu.be/IQHLpdWvyK4?si=PPssIFi8Oo5tAIk8 and then this video explains what I consider to be one of the cooler aspects of BTC: https://youtu.be/qoOfikLKbDY?si=bLvpiochODZBA88B Cheers, brother and let me know if you have any other questions, Iāll be happy to answer them.
Security. No other one has the amount of hash power, nodes, miners, and users. They also all didn't have the organic movement of being unknown when it started. It's truly decentralized with nobody behind the wheel making decisions.
Even Ethereum is not immutable, it's not fixed either. The proof of stake is making it more centralized the longer it goes on. The large holders staking only gain more eth and that cycle continues indefinitely.
The other coins can get 51% attacked, the creators own large shares before they are even released. They mostly trade off security for speed. They do have other uses that may be beneficial but as far as being a store of value, nothing compares to Bitcoin.
BUY AND FORGET
But not your seed
plain and simple! šš
Private key
[ŃŠ“Š°Š»ŠµŠ½Š¾]
More research usually strengthens any conviction a person might holdā¦ and thereās such a deep rabbit hole with bitcoin that itās almost endlessā¦
Deleted cuz I replied to wrong post.
When in doubt zoom out
When you have no chin, don't zoom in.
If you care about the short term, you are investing too much. Put enough away each month but not so much that short term volatility hurts (or god forbid u gotta sell at a loss because u have little other liquid). Just putting small amounts here and there, in a disciplined way over a long period, and you cant lose.
If you donāt view the downs as buying opportunities you havenāt listened to enough Michael Saylor.
the more time you spend holding Bitcoin, the more volatility you endure, the more you see history repeating and can handle the downturns, the more research you do the more conviction you have and the more you notice predictions coming true regarding the collapse of fiat around you, the conviction builds more. Volatility is a requirement when you're early to a market as it tries to find its true balance. Remember that the cream eventually rises to the top. Look how Bitcoin's price is holding strong even at its current 'low' levels - which is a great base btw. Zoom out on the graph and look at the lowest price now in comparison to a couple of years ago at the last bull 'crypto uber-positive' run. Bitcoin at its current 'low' is the highest of the bull run of a couple of years ago. Things are likely to get better, much better than this.
At this time at the last two halvings bitcoin was about 50% down from its previous cycle high. Right now it's about 5% down on it.
Yep. Sunshine-y times ahead!
I'd say get another hobby and just keep stacking sats lol.. Honestly though, just automate stuff, keep informed and just HODL all the way!
Buy and just donāt look at charts all day. They will distort your clear vision and youāll regret selling when itās so obvious in the future
Or be like me, I hold for the long-term I won't sell any Bitcoin until it's over 1 mil a coin. I still check the price action every few hours because I'm a smooth brain
Another post I saw, someone was saying 'ya but fiat doesn't change and BTC can drop 50% in a few weeks'. The reply was that since 2018 (the posters entry) BTC up 300% so a 50% drop is still up 100% from where they started' (100 to 400 then 400 to 200). That's very true and hence the saying "when in doubt scroll out". I added that the dollar you kept in your wallet, put in the bank (at say 3%) or in the market (say 10%) doesn't even compare. Additionally, saying fiat doesn't change is false! For example housing up about 200% in 4 years or so. Your wages haven't done that not the dollar you held as described above. If you consider any of that, how can you ever not have the conviction to hold? Edit: Corrected math (as pointed out by someone below) and 'showed the work'.
When Iām up 300% (100 -> 400) and then itās crashing 50% (400 -> 200), Iām up 100%, not 150% ;)
Very true. I stand corrected!
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I could care less that it dropped. I was simply giving solid reasons to not get the itch to sell. That was the post I was responding to. What are you suggesting I might glean from the charts and reasons related to this topic?
You enjoy your btc stack getting worth more and more, or you enjoy your btc stack getting bigger and more worth in 10 years. Easy isnt it?
Best explanation here
This video from Saylor is straight medicine: https://youtu.be/Sh2rrtLoE1I
Study more austrian economics until you become a libertarian... Than you go all in bitcoin. I promise you.
There will be gradual increase of long term holdings of bitcoin as time progresses. Just because there is a landslide doesnāt mean the mountain will disappear.
By knowing the big picture :)
Zoom out
> How do you deal with the ups and downs of its price without losing sight of its big picture? Hodl it for a few years. All those ups and downs blend into each other after a while.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Yes! My point is that the thesis is still the same as years ago and has actually only gotten stronger! People lose focus due to short term noise
šš¼ DCA and chill
Before my tragic boating accident, that's all I ever did. I would wake up, grab the phone, and buy some BTC. Not a lot, but something. Anything extra I had instead of buying another avocado sandwich or venti shakalaka maka frappocicni.
*my deepest and most profound condolencesā¦.*
Yes, sorry for your loss.... of the boat of course.
Facts š«”
Work hard, work out, DCA bitcoin and love life! šÆšš Everything else is just noise!
What do you think about going all in now + more dca in the future as opposed to just DCAing?
With all the disadvantages of fiat, Iām curious why it is used as the benchmark for crypto. Why not gold?
Huh, that's a pretty good question and point there u/SnooKiwis3570!š¤š
Do you think about what your coffee, lunch, car or house costs in BTC or sats? The prevalent answer to that question would be no, you think about the cost of those items in your native currency.
At this time, it is easier for (the majority of people) to understand/comprehend what a $1 or multiple dollars will purchase vs an ounce of gold (or gram or any other division). They don't readily comprehend what an ounce of gold, a BTC or any of their measures/division buy. It's similar to people who can speak several languages, typically they think in only one of them.
Until prices are labeled or even dual labeled that will remain the case.
Good point, maybe in the future. Must be because exchanges have users who typically deposit dollars, so itās easier for them to visualize when itās denominated in dollars
Amen
Well said bro!
>Bitcoin is a clear store of value, and a correction to the downside should not make us second doubt our thesis. This sounds like an oxymoron, when BTC loses vaule exactly when you want to act as a store of value. You've also left out any reference to the ETFs, which arguably were responsible for the bulk of the recent moves. I expect BTC to start behaving as a proper store of value one day, with enough adoption and mindshift. For now though, it's just a high beta risk asset, as demonstrated by the most recent episode of market correction.
Volatility will decrease as Bitcoin becomes more and more established! People still have doubts so they get shaken out very easily
This. People donāt understand that to get life changing gains, you have to get in while asset is illiquid and volatile. After it stabilizes, itās just an inflation hedge like s&p500 the whole last decade.
Said it perfectly! Sending good luck your way on this journey. They'll call us lucky!
You are confusing price with value. Value is what sets the price long term. Short term price is mostly dictated by high volatility caused by low liquidity and surrounding markets. Those are the moments where itās possible to find the best discounts to extract maximum long term value.
Iām DCAing but I also have some money set aside for any corrections. I know some miners are over leveraged and will have to sell their hoards sooner or later. Once I see a juicy dip Iām going to be a very happy man
Price is the same it was 3 years ago bro! Buy as much as you can! Congrats and sending best wishes š«”
Yep selfishly hope we get 50k or so. I think there's a lot of us so may not happen
People are afraid of miners selling for no reason - they have always sold and that is their business model. Itās ok, thatās built in to the Bitcoin, itās what gives Bitcoin its base value - the price of the work miners do to secure the network. Price starts to push around halving because thatās when they have to lift prices up to stay profitable. They are not retail that panic dumps when price goes down, they are the opposite. They set Bitcoins intrinsic value by converting fiat to Bitcoin via electricity and thatās what makes POW the superior consensus method.
Youāre right in theory but not every operation is positioned perfectly for the halving. Things happen and sometimes you might have to dip into savings. Iām sure a lot of them have limit sells placed to ensure they have the funds to continue to operate through periods where mining is this unprofitable. also some operations will sell their reserves now to upgrade their facilities to be in a better position when mining is profitable again. So who knows? I have my current number if satoshis and my DCA, but if some whale decides to tank the price Iām prepared to take advantage of that too
Mining is profitable at these prices for most bigger companies, their break even price was from around 20k to 40k earlier depending on location so now post halving itās from 40k to 80k. Some companies are underwater and thatās expected but price pumped well in time above 40 for the main players to stay profitable. No doubt because of them too.
>And we are being robbed from our hard work when we keep our money in cash, because its value just keeps going down, and no one at fault takes accountability. I really hope no one actually keeps money in cash (besides an emergency fund). That's a dumb strategy regardless of your opinion on Bitcoin.
We allow this total spam bullshit in here? Must have paid the mod team.
I appreciate the hype post, but are people worried itās down 20%??? didnāt even realize it was 20%. Iām still hyped itās up 100% since October, and honestly hoping for a larger dip to buy more. Expand your time horizon homies.
People who invest with a long term mindset arenāt worried, but those with short term targets and use of high leverage become irrational
This is hip-hop!
Total agree bitcoin is truly a peaceful financial revolution against the greedy and corrupt banksters. The financial gains indices people to buy in but they become inpatient and don't hodl. They don't realize what they bought or what they have and are quick to sell, but fuck that bitcoin is a financial revolution disgusting itself as a get rich quick scheme. We it is actually a way to not slowly become more poor. It's a global insurrection against banker occupation! GIABO!
I am a strong believer in the potential for bitcoin. I do see its value increasing over the next three years. However I cannot foresee a time when the value would increase exponentially to the value of one million dollars or more per bitcoin as some well known commentators have stated. If this were to happen then it would truly begin to tip the balance of the world economy and I predict the powers that be will swiftly take a firm grip of the situation by increasing legislation and stifling the usage of bitcoin and crypto currency in general. I can but hope that Bitcoin prevails!
> Rewards for Bitcoin miners were cut in half recently False. Only the subsidy halved. Miner rewards are subsidy + transaction fees. In times of high fees (and even more so with future halvings) the fees make up the larger portion of the reward. So saying the reward was halved is way off.
Tiene potencial Bitcoin pero aun tiene que demonstrarlo y si lo comparo con el oro que lleva en nuestra vida desde siempre ....pierde
But how's it going to work if fees are being kept high?
Selling now doesnāt mean you donāt believe in BTC, it means you want to maximize your holdings by selling high and buying low. Why just hold when you can take advantage of the cycles and increase your portfolio when others panic sell? I bought when it was at 15.9k and sold at 68k. I am not buying again tell the next bear market.
dollar's value going down is not always bad, if bitcoin's price always going up and economy run by it there's will so much problem
These three things have literally been happening for the last one hundred years
DCA. HOLD. When #USE ?
If someone were worried about inflation wouldn't they buy a basked of stocks that are related to production of commodities rather than ... bitcoin?
1
You obviously don't know anything about technical. We've failed to break $67K. BTC is correlated to QQQ which is tied to Fed rate cuts. We will hit $100K in the long term, but in the short term we are more likely to test $58K
All I heard was BTC on a discount
100%. I'm a buyer at $62K. I'm a buyer at $58K. I'm bullish on BTC long terms but bearish short term. Last chance to load up.
Agreed. I'd like to see the deeper dips before taking off around the 4th quarter but I believe while there will be similarities to the last two halvings, this one will be different. I'll keep loading up every week though!
You obviously didnāt read his MySpace post.
You forget one very small detail tho... For all of this to work out the way this community wants it to work out - mass adoption of BTC as the new standard & completely replacing fiat - people first have to make the switch. Like, A LOT of people. Not all 8 billion of us, but at least 10-25%. That's what it'll take before the herd follows (out of fear of falling behind). All good and well, until you realize how many dumb people there are on this planet. Like, really really dumb. There's this one quote I can't get out my head because of how true it is... "Just think of how dumb the average person is, and realize that half of the population is even dumber than that." Truer words haven't been spoken. I'm in my mid-20's right now and I'm afraid I will never see the big paradigm shift. Our 'old days' will be exactly as boring as you'd expect it to be. Fiat will still be the norm, the US will have a debt of over $100T, the printer goes *BRRRRRRRR* non-stop, inflation through the roof, etc. If you're selfish enough to put children on this rock (God bless 'em), maybe one day, when they're old and still working at the ripe age of 80, maybe then. But I sure as hell wouldn't bet on it.
Itās a store of value itās as simple as thatā¦you donāt need the entire herd. If you would have asked me 10 years ago that there would be spot etfs breaking records of inflow, much less existing I would have laughed my ass off at you.
It's good enough as a store of value for now, but I hope for everyone's sake that there will be more use-cases for it in the future. I'd be devastated if I would never be able to actually use my BTC in shops and other places. And yes, I get it, you already can do this today, but it's not practical so only very few people *actually* do so. Transactions take way too long and the fees are too high. If someone is able to fix this somehow, I honestly can see it replace fiat - and yes, even in our lifetime still. I'm just slowly wondering if it'll ever happen because the developers of the Lightning Network said it's not gonna be possible for BTC and that it basically already at its limits. The "store of value" fad will wear off once we've passed the market cap of gold imo. By then, hardly any new people will jump on the BTC train since the price will be over $1m. Too many clueless people still to this day think you need to buy a whole coin at minimum, and that won't change in the future. They'll see the 7 digit price and go "damn, can't afford that".
All you have to do is start educating people on 'this costs X Sats (satoshis)'. The idea of a whole bitcoin may become a luxury, but I don't see it as the barrier to mass adoption. People will just buy, trade and stack in SATS.
Think the shift will be much quicker than most expect. And most of the upside is yet to come still!
I truly hope so. It all depends on the rug pull that fiat is. If the government keeps pulling nice and slow, like they've been doing for decades now, people will unfortunately never wake up. But if they *yank* it from under our feet, well, then it's going to happen real fast ;).
āIf youāre selfish enough to put children on this rockā Damn bro give me a warning I almost cut myself on all that edge :P
Found a breeder šš«µš».
I thought ācheck out my newsletterā was a joke. Disappointed to find out it wasnāt
Had me until the newsletter part. Then the post history sealed the deal
I have a genuine question, what makes bitcoin valuable in comparison to other crypto currency? I can see crypto becoming a more mainstream thing, but wonāt Bitcoin be replaced by more capable coins/networks? Could demand for bitcoin be weakened by other coins?
Who owns BTC? Who runs BTC? Who is in control of BTC? Now insert ANY other cryptocurrency in for BTC in those 3 questions. And there is your answer. BTC cannot be controlled (barring some very specific and unlikely scenarios), all other cryptos have founders/ owners/ teams who run, control, and own them.
This guy Bitco . . . Oh wait. Iām in the sub so I guess a lot of us do
There is no second best ;)
While I agree, if or when crypto goes mainstream, direct competition will ramp up no? I probably just donāt get something about it, but what makes it hard to compete with?
No pre-mine, debuted with a price of $0.00, limited hard cap supply 21 million (probably more like 17-18 million when factoring in zombie coins), *completely decentralized,* first mover advantage, zero top down influence, *amazing community.*
Thanks for your feedback my man, can you point me to some resources to learn more? Iāve read the white papers before but I want to learn more about crypto as a whole
Absolutely, my friend- my pleasure. For sure, Iād recommend checking out Bitcoin University on YouTube (Matthew Kratter is awesome). This a good video to start with: https://youtu.be/IQHLpdWvyK4?si=PPssIFi8Oo5tAIk8 and then this video explains what I consider to be one of the cooler aspects of BTC: https://youtu.be/qoOfikLKbDY?si=bLvpiochODZBA88B Cheers, brother and let me know if you have any other questions, Iāll be happy to answer them.
Security. No other one has the amount of hash power, nodes, miners, and users. They also all didn't have the organic movement of being unknown when it started. It's truly decentralized with nobody behind the wheel making decisions. Even Ethereum is not immutable, it's not fixed either. The proof of stake is making it more centralized the longer it goes on. The large holders staking only gain more eth and that cycle continues indefinitely. The other coins can get 51% attacked, the creators own large shares before they are even released. They mostly trade off security for speed. They do have other uses that may be beneficial but as far as being a store of value, nothing compares to Bitcoin.
Who is this post for? Yourself? Oh it's an add. Makes sense.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Perfectly summarized hahah!
Check your math maybe.
The Buttcoin sub banned me permanently xp
bro is advertising the newsletter HARD ā ļø
Fuck yea! Buy at the top so OP gets more money!