Monday, 1 April 2019

Don't let your belief that Bitcoin can't double, ten or hundred fold again, prevent you from having some Bitcoin exposure.


I know that if you look at Bitcoin it's hard to believe the last ten years could be repeated. Most of the people who have an exposure to Bitcoin thought the same when looking at it in 2017 when it was below 4k, or even further down the road when it was at 1k, or when it was at 400 a coin, etc.Try to look at why it came from sub Dollar a coin to where we are now. The fundamentals are the same but everything around it has evolved in making it's usage better. Bitcoin still has by far the biggest development team behind it. It's still evolving and not like most shitcoins just a copy of something existing with one or a few improvements that are sold by smart salesman as the next revolution but mostly right after that fall dead in the water because maintenance or development goes quickly to zero.Look at what is happening to the debts building up everywhere; individual, governments, companies, banks. How is that ever going to be paid back, just by printing more of it? Is it possible to just keep on creating money with no end. If it's that easy wouldn't we all be rich already by banks just printing infinite amounts and giving it to all of us?Even of you don't understand how the fiat system works, you probably will realize we cannot create wealth by just printing fiat, but that is the only thing we are doing right know and have been doing for a long time.Bitcoin is like Gold in that respect, it can't be created at almost no cost like fiat can. So it can't create inflation like printing fiat does. Bitcoin is sound money like gold and silver once was but just modern version, better suited for and made possible by computers and the internet. If Bitcoin will succeed in reaching its ultimate goal we will have a lot wealth that has to be flowing into it, in fact we would only just have being started with that process.No one can quarantee it will succeed since nobody can look into the future. So don't invest more than you can afford is rule #1. But the longer it survives the bigger the chances of succeeding will be.You can wait for it to prove its ultimate destination but then you will also be paying the amount of wealth it will represent at that time. If you get onboard in a suitably time, does ~80% below last ath sound good enough?, you could enjoy the ride up with us.Know where you put your money in is rule #2 so read up on what Bitcoin is how it works. If you do not own your private key you don't own your coins is rule #3 Keep your amount of wealth to yourself would be #4There are more things you should know but if @4 don't let anyone or anything stop you from having some exposure to Bitcoin. Not because you will help me or other Bitcoin owners, but simply because having no exposure is in my believe a bigger risk than having a balanced exposure to it, even when I tell you you can lose that part completely.Let me finish with #5: just have some patience. via /r/Bitcoin http://bit.ly/2WGdQt7

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