Buying Bitcoin (BTC) in the Bear Market

Bitcoin went from something that won’t succeed to the best financial invention of all times.  It is surprising that Bitcoin adoption is growing massively even in a bear market. There is no need for upgrading the protocol as it is trust at its organic best.

Buying Bitcoin (BTC) in the bear market isn’t an easy decision to make, but it’s worth in long-term. Bitcoin creates massive opportunities in the bear market, but many are too afraid to take the opportunities. Bitcoin will always have a bull run. So, those buying now will be rewarded well.  Bitcoin has the ability to free people from centralized banking system into a world of autonomous decentralized ecosystem that Bitcoin brings.

Recent, Michael Saylor statements: “Fix the money, fix the world. Bitcoin Eruption. Bitcoin is the Cure. Bullish on Bitcoin.  Bitcoin is money – Everything else is credit. Bitcoin is the future. Think Bitcoin. Bitcoin Strategy is winning for Microstrategy.”

Michael Saylor pointed to a video which is based on a discussion on Bitcoin, the content is as follows:

“People talk about Bitcoins in the media, all the time.  We don’t know how Bitcoin works, but there are people that says that could be a monetary alternative.  Do you believe that is possible to discuss it in Argentina?

Let’s see, what is the point?

The point is that the first thing we have to understand is that the Central Bank is a scam. It is a mechanism by which politicians cheat to the good people with inflationary tax.

What Bitcoin is representing is the return of money to its original creator:  The Private Sector. Money is a private invention in order to be used to solve problems, for example in a bartering company, the “double coincidence of wants” and indivisibility.

Then paper money appears to solve portability. Actually you had different currencies: linen, wheat, salt where it came from the word salary. Hence, comes the superstition that salts fall off the table.

And, then that was evolving and the currencies that the people chose were the silver for small transactions and the gold for bigger ones. Then because back then it was very dangerous to move the gold, people used to deposit the gold and get in exchange a receipt.

And then in the year 1445, in the first Governance Congress, the States appropriated the exclusivity to issue the money.  That’s the legal tender, which is a key point, because the legal tender allows the politicians scam you with the inflationary tax.

Bitcoin has an algorithm that one day it will reach a certain amount and there and it can compete with either currency in fiat, it competes with Ethereum. And what is the good thing? It is the return of the private money. But, what is the problem is that the governments will not give up the legal tender because with the legal tender they can scam you with the inflationary tax.

The Bitcoin is the natural reaction against the Central Bankers Scammers and to make the money private again. And the flip side is that the thieving politicians are not going to allow you to go against the legal tender.