Bitcoin isn't number go up.
Fiat money is value go down.
Few.
Discussion
*phew.
Also👇
Your house isn’t number go up
Fiat money is value go down
Agreed 🫂🇨🇦🇺🇸
Your house costs money to maintain. Your house has tax liabilities attached. Your house has ongoing utility costs. Your house degrades over time. Yet it's price consistantly goes up? That's how bad the inflation is. That's how fast your fiat money is losing value.
100% agreed.
Bitcoin price is benefitting from sucking up the monetary premium of other assets AND from debasement of fiat currencies.
It really doesn't matter how you word this. It means the exact same thing in practice. It's a lot simpler for normies to comprehend number go up right away.
I disagree. It absolutely matters how it's worded. Your unit of account matters. The fact that everyone uses USD as primary unit of account entirely masks the whole fiat inflation scam. Using bitcoin as the UoA unmasks it. While I agree changing how it's worded doesn't change what's happening in reality, but the way something is described absolutely changes how that thing is perceived by the general public.
Why is it called hard money? Why is hard money important?
When your fiat money is attached to an unlimited money printer, the money you hold loses value every time the Fed prints more money. Cause none of that freshly printed money goes to you btw. Someone else getting richer means you're getting poorer in comparison.
USD is the cornerstone of global money today. All other currencies are measured against it. But if your measuring stick is a moving target randomly losing value at the whim of the government... is that really a good measure? Hell nah.
Hard money is important because it's value stays the same forever. It's hardened, it's immovable, it's a north star all other currencies should be measured against.
Ok so how do you get hard money? You have something of a fixed quantity that never changes and never inflates. Ised to be gold was the best thing to use. But it wasnt perfect, you never knew when a new pocket of gold could be found and inflate the global supply (print more gold so to speak). But with technology, now we have 21 million bitcoin. That's it, never more.
Bitcoin is mined by spending energy. If you dont spemd the energy, you wont mine the bitcoin. So in a sense, bitcoin is a natural resource like gold. Its just electronic, which is just atoms, which is a naturally ocurring resource. But unlike gold, we know exactly how much bitcoin is left in the earth. 21 million, never more. Bitcoin is the hardest money we have today.
But you might say, but bit🐳ish, bitcoin price keeps going up? I thought u said hard money value stays the same?
Well, have u ever sat in a car in a parking lot. You look to your side just as the car next to you is backing out? For a split second your intuitive brain kicks in and you think you're moving forward. Fiat world is upside down. Bitcoin is the rock solid car parked, handbrake on, immovable. Fiat is the car backing up into oblivion.
Buy bitcoin. Your legacy depends on it.
