This may be an unpopular opinion in the world of #bitcoin but I believe that if you are in it for the short term gains or see it as an investment, then you are doing it wrong.
Bitcoin is a way to transition your wealth (no matter how big or small) over to something that is no longer carelessly inflated by world governments.
If you believe in #bitcoin because of the halving cycles and the fact that more and more people in first world economies are going to join this unstoppable thing as investors, then you are approaching it wrong and may be setting yourself up for disappointment.
While nobody knows how this cookie will crumble, things may not go the way you’re thinking.
The reality is that the US, the EU and other govt’s can severely hamstring first-world #bitcoin investing with ease by installing incredible taxes or restricting on- and off-ramps.
If you are a first-world investor, you must go into this knowing that you are not the one who can benefit most from this technology and #bitcoin will not rapidly reach $1M per #BTC or become a reserve currency because of adoption by first-world govt’s.
#Bitcoin is a direct threat to the power that governments and their central banking partners hold by controlling and inflating #fiat currencies such as the #USD or #Euro.
The way that #bitcoin can and should grow is slowly and steadily by adoption of those who need, and could benefit from, this technology most.
Unfortunately, you can sleep soundly at night knowing that there are BILLIONS of #unbanked people out there who NEED this. No matter the fluctuations in price that come along with the growth of BTC because of the staccato adoption or major bans/restrictions from first-world govt’s, people in developing nations, war-torn regions, and victims of strife and dictatorship will slowly adopt because they NEED this technology.
So who needs #bitcoin more? The first-world investor looking to grow their wealth? Or the mother working and fighting to keep her children fed and safe after her country’s civil war tore her family apart and hyper-inflated their currency away?
So, don’t believe in #bitcoin because your buddies in the first world will adopt it. Don’t invest in #bitcoin because first-world govt’s will eventually succumb.
Believe in #bitcoin for the equality it can bring to a world that desperately needs it. Buy and hold #bitcoin for the struggling families out there who just want to survive and need a stable currency.
Change your mindset.
