Bitcoin detractors are swift to point out when BTC is not at the all time high (ATH ) as a knock against Bitcoin.

They will never articulate the standard that they are actually getting at, what they are implying is that if it’s not always at an ATH, Bitcoin is not good.

When they take this approach, ask them, what will there excuse to be against Bitcoin at the next ATH? Let them answer.

Regardless of what they say, ask them when was the last time the dollar had an ATH against Bitcoin? (“It was probably around 2009”, would be an acceptable answer to move forward)

And ask them what has the trend been since then? (There correct response would be “Exponential growth” if they don’t get it right, just tell them the right answer and continue to talk over them if need be)

Then ask them, based on the monetary properties of the dollar and the properties of Bitcoin, would they expect this trend to continue? Ask them if they generally understand exponential growth. Ask them if they have noticed that the insane previous peaks appear flat after 3-4 cycles. Ask them, if they understand s-curve adoption and point out all of those previous peaks occurred during the period prior to coming vertical portion of s-curve adoption into a fixed monetary supply.

If they are resistant to any of these basic concepts, just get louder and express absolute confidence via moving further into their personal space.

You may feel like this is a script for the next season of Nathan Fielder’s HBO series “The Rehearsal”. It isn’t. This is hard earned wisdom shared to you on a peer to peer social network. However, it is now time to scroll back to the top of this post and get back on script for you to rehearse your hypothetical encounter with an anti-Bitcoiner with a very specific excuse for not liking Bitcoin.

Reply to this note

Please Login to reply.

Discussion

No replies yet.