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BTC is already well known in the investor space; however, the low-income group have a tough time understanding the whole lot of stuff (inflation hedge, store of value, interest rate, trustless, permissionless, and more) that makes Bitcoin better. Many continues to think BTC is a scam. Those who have understood BTC are doing Bitcoin copy trading. They follow an influencer, when the influencer buys, they buy. Many find it easy to HOLD forever and they are not shaken by any kind of volatility.
Michael Saylor shared: Bitcoin is a technology that everyone needs and no one can stop.
Community Response: I agree with you, but for different reasons. If the choice is Bitcoin or Fiat, I’m with Bitcoin. If the choice is Bitcoin or a better tech to work as money, that already exists and accomplishes what Bitcoin was trying to accomplish in the beginning, I’m with Nano.
I’m still amazed that some low-income people I meet say “but, wait, bitcoin is a scam isn’t it?”, it just shows that we are still very early in the game.
Many people try to stop Bitcoin, but something is not going well for them.
Yeah, bruh-did I say my generation is concerned with the environment. Nah- not with my Bitcoin account at 1 million-bruh.
Everyone needs it, but not everyone understands it. Yet.
Understand what? Bitcoin is limited and you think it will be priceless, because it is limited? People will go for another coin that has unlimited and has a good project. Bitcoin will die in a few years.
Careful mate bears look like they want to test your cost base.
Syscoin is a technology that everyone needs and no one can stop. The news that I love to hear. He buys I buy.
God is within YOU and you can make Miracles in the world…
Well, it’s best to stick with crypto copying trading.
BTC is no longer BTC go read the white paper for god’s sake you investing in the wrong one.
The value of any cryptocurrency depends on its holder. As long as we hold it firmly, it will bring you some surprises.
Exactly, Hence the HODL and digital gold narrative but it’s not what the white paper shows Bitcoin is. Would you like a pen that doesn’t work properly or a pen that works exactly as it should?
Don’t buy the dip, Mike, acquire more BTC at 69k, that will get everyone’s attention.
Yes, I agree. But by the price action and current correlation to the Nasdaq, it is being manipulated by Wall Street for now until the decorrelation that’s coming.
If NASDAQ’S down bitcoins down if Nasdaq’s up bitcoins up. Time and time again. It’s not an inflation hedge or a store of value. it’s just a tracker fund.
Bitcoin hash rate has recovered from the 2021 China mining ban. And, it happened quickly. About 50% of mining in China was a major criticism. Naysayers would say BTC is not decentralized. Also, the majority of mining now uses renewable energy. BTC price will reflect these realities in 2022.
Bitcoin is King for a reason. It has been proven at scale for over 12 years on the wild Internet. It has survived many attacks and only gets stronger. Antifragile. This is amazing for a truly decentralized, open-source monetary system. On these metrics, no other crypto is close.
Right, no one can stop it from crashing to the bottom.
When you hit rock bottom it’s a good time to invest, you trust me he’ll bounce back to the point you don’t know.
In the earlier days, I never bought into allocating 2% or so for Bitcoin. I went 35% and still HODL.
The value of any cryptocurrency depends on its holder. As long as we hold it firmly, it will bring you some surprises.
They’re only in it to make more money. Bitcoin is unusable for normal people that can’t invest.
Can you please elaborate what is the actual use case of BTC excluding only big investors like u have raised its price and dumps on the retailers? Please anyone just tells me only one actual Utility of $BTC. You know if you know, simple as that.
Instant cheap Peer to peer transfer of money without an intermediary or meddling body to interfere. Easy to transport, trustless, and unconfiscatable. Your government confiscates your wealth through the constant devaluation of your hard-earned fiat dollars.
