The absolute stupidest reason for rejecting #Bitcoin      :
"Power grids can be taken down, and the internet may not exist."
99% of your day-to-day transactions are done using electricity and the internet.
Where do you keep your money today? Most likely in a bank account?
If every power grid on earth is somehow taken out, I'm 110% sure the money in your bank account won't be accessible either.
And I'm also 110% sure that the Bitcoin network will be back up and running BEFORE your bank.
93.6% of the supply of Bitcoin has already been mined and distributed.
That last 6.4% of coins are going to be mined over the next 117 years.
During the next 4 year cycle, 656,250 coins will be mined.
97% of the supply will be gone and most of it will be held forever or is already lost.
Most people think Bitcoin is a scam today and will ignore Bitcoin until every institution already owns a piece.
They'll ignore all the glaringly obvious facts, and say "I wish I knew" for the rest of their lives.
Waiting for another 4 years means they'll be fighting for the last 3% of supply.
Even if someone doesn't own #Bitcoin they still benefit from its adoption.
What happens when the wealthy realize that owning Bitcoin is more profitable than owning rental properties? Or stocks? Or lending money to their government through bonds?
Every dollar that goes into bitcoin is a dollar that is taken away from demand for real estate, stocks, bonds, etc.
I have conversations with Bitcoiners every single day.
Some of them were hardcore real estate investors until they studied Bitcoin.
They are now selling properties to buy Bitcoin because they understand that this is much better money.
I think we are going to see a lot of housing supply coming to the market over the next thirty years as investors sell their properties to buy #BTC.
It won't be worth it for the wealthy to hold excess real estate because it won't be as profitable.
An investment property that's worth $500,000 or 10 BTC today will be worth 1 BTC or less within 10-15 years.
If you have an extra $500,000 to invest, why would you choose to buy an investment property if you understand that BTC is a better savings vehicle?
With Bitcoin you avoid:
- Interest (halal)
- Maintenance & repairs
- Inspectors
- Having to deal with tenants
- Having to collect rent
- Realtors and lawyers
- Property taxes
The wealthy are incentivized to own Bitcoin, not real estate, leading to housing becoming abundant for everyone else.
Surprise: I was a shitcoiner at one point.
If you think I'm not open-minded to your shitcoin project, it's because I've gone through thousands of hours of studying to figure out what money is.
It took me a long time to understand why Bitcoin is NOT crypto.
Commodities turn into a medium of exchange and unit of account in stages:
Stage 1: Collectible
Stage 2: Store of value
Stage 3: Medium of exchange
Stage 4: Unit of account
Bitcoin went from being a collectible to a store of value over 15 years and now it's being accumulated by more and more holders.
It's being recognized by more individuals and institutions every single day.
As more people accumulate, it becomes a medium of exchange and unit of account.
It takes time for this process to happen.
Shitcoins try to go from nothing to a medium of exchange overnight.
99.99% of shitcoins will fail because they don't actually do anything but try to copy Bitcoin.
Nobody cares about fast payments - we already have that!
Visa and Mastercard can process enough transactions already.
Take the time to understand the history of money and maybe you'll come to the same conclusion as me.
On a #Bitcoin standard we would see true abundance.
On a #Bitcoin standard, everything would be more abundant because more labor would go towards producing what we need, instead of pushing the world in the direction governments want.
To anyone who says #Bitcoin    is not fungible, you need to understand something:
The only fungibility that matters is at the network level
It doesn't matter if chain analysis companies are going to go through the history of every coin and deem one "better" than the other
The only thing that matters is if you can pay network fees with your #BTC
The network won't discriminate against one coin or another (because it came from Silk Road for example)
As long as you can use the network to move your BTC, your coins are fungible
Everything else is irrelevant
Miners that try to censor transactions will eventually go bankrupt
Also... do you think merchants will say no if you're willing to pay them with the most valuable asset in the world?
Bull markets are easy to go through, even if you don't study #Bitcoin
You can probably buy some and feel like a genius over the next 12-18 months even if you don't study
It's the bear markets that are difficult
Will you be buying or a selling #BTC when it drops from its next all time high?
Will you be saying "this is a chance to buy the best asset in the world at a discount," or will you be like most people and think "Bitcoin is dead" and move on to the next opportunity?
Studying Bitcoin will show you that there is nothing better
Everything else is a bubble
Stocks are up, housing is up, food is up, clothing is up, etc
Bitcoin is the pin that's going to pop that bubble
Learning how Bitcoin works will give you an incentive to produce more of what people need in order to accumulate more BTC
Anyone that's educated is selling their legacy assets to buy more bitcoin
Bitcoin will fix just about every economic problem we have
It's going to incentivize entrepreneurs to produce more goods and services to solve more problems and build more wealth
And most people don't see where this is going
My twitter account was compromised TWICE yesterday, but the people who accessed it didn't change my password or access my DMs
The first breach was around 6AM Est yesterday and the second one was at 1AM EST today
I already had 2FA set up with an app so that wasn't the issue (I think that's why they COULDN'T access DMs or change my password)
I believe it was through an app I had given permission to... is this even possible?
I only gave
@Calendly
permission to access my twitter 2 days ago and I had given
@TweetHunterIO
permission to access my twitter account a few months ago
I've changed my passwords and disconnected both
@Calendly
and
@TweetHunterIO
from my account
I haven't had any issues since then
Maybe this is something
@XCreators
@X
@xDaily
can look more into?
Has anyone else experienced something like this? If so, what could have caused this?
Fun fact: the S&P 500 index went from being valued ar 417 #BTC in 2011 to LESS THAN 0.1 BTC today
Can you imagine how angry people like
@TheTrueFIREGuy
will be when 1 #Bitcoin    costs $100K?
What about $250K?
$1M?
$10M?
If their portfolio can buy 1 BTC today, eventually it will be worth 0.5, then 0.1, then 0.005, then 0.001
I don't know when it will happen (it could take a week, a year, 2 years, 10 years, etc) because price is entirely dependent on supply and demand
Supply is a fixed variable - there will never be more than 21,000,000 BTC
Demand is exponentially increasing - more people read my posts and learn about Bitcoin from various sources every single day and realize this is a better form of money than what we use today
93.6% of Bitcoin's supply has already been issued
99% of people think Bitcoin = Crypto, Bitcoin is a Ponzi scheme, etc
Supply at current prices is running out (that's why price is rising... Bitcoin ETFs have accumulated 100K BTC in 5 weeks)
It's going to be fun watching them continue to reject an idea they don't understand
Everyone goes through this, but some people's ego is bigger than others!
Employees don't quit jobs
They quit employers who think stupid shit like this will lead to more productivity:
So many people rejecting #Bitcoin    think it's something the majority of the world already understands and owns.
They don't realize THEY ARE IN THE MAJORITY.
99% of people don't get it and 90%+ will NEVER get it, just like they don't understand the current financial system.
The majority are ALWAYS wrong when it comes to financial decisions.
This time will not be different.
The crowd will be wrong again, and they'll start paying attention when #BTC    is $1M+.
The difference between being early and being late can be a matter of days when it comes to #Bitcoin    adoption.
Think about all the people who withdrew their funds from FTX in October 2022, and then all the people who waited a few more weeks. The people who waited ended up with nothing.
Some people have already bought #BTC   . Others keep waiting for some sign from god to tell them to buy.
If you haven't started learning yet, don't worry - you're still early. You're still front-running most institutional investors.
Waiting to study Bitcoin AFTER large investors like pension funds or insurance companies start buying will mean you'll pay a lot more to get the same amount of BTC.
Study NOW. Understanding Bitcoin is a difficult process that takes time.
Being a few weeks late could mean you end up paying 10x more than you would have if you were early.
If you can buy 1 BTC today, soon you will only be able to afford 0.1. If you can afford 0.1 BTC today, soon you'll barely be able to afford 0.01.
I don't care if you buy BTC or not. I just don't want to hear people I know say "I wish someone told me about this" in 10 years.
If you ignore this now, you are making the active decision to reject something you probably don't understand, like so many others our there.
You are following the crowd.
The crowd is always wrong.
Don't do this to your future self.
STUDY BITCOIN.
The difference between being early and being late can be a matter of days when it comes to #Bitcoin    adoption.
Think about all the people who withdrew their funds from FTX in October 2022, and then all the people who waited a few more weeks. The people who waited ended up with nothing.
Some people have already bought #BTC   . Others keep waiting for some sign from god to tell them to buy.
If you haven't started learning yet, don't worry - you're still early. You're still front-running most institutional investors.
Waiting to study Bitcoin AFTER large investors like pension funds or insurance companies start buying will mean you'll pay a lot more to get the same amount of BTC.
Study NOW. Understanding Bitcoin is a difficult process that takes time.
Being a few weeks late could mean you end up paying 10x more than you would have if you were early.
If you can buy 1 BTC today, soon you will only be able to afford 0.1. If you can afford 0.1 BTC today, soon you'll barely be able to afford 0.01.
I don't care if you buy BTC or not. I just don't want to hear people I know say "I wish someone told me about this" in 10 years.
If you ignore this now, you are making the active decision to reject something you probably don't understand, like so many others our there.
You are following the crowd.
The crowd is always wrong.
Don't do this to your future self.
STUDY BITCOIN.
#Bitcoin is perfectly designed money.
It allows you to:
1) Store value
2) Transfer value
3) Assign value
By being:
1) Fungible
2) Scarce
3) Durable
4) Portable
5) Divisible
6) Salable
Gold is not portable and divisible.
Fiat is not scarce.
#Bitcoin is perfectly designed money.
It allows you to:
1) Store value
2) Transfer value
3) Assign value
By being:
1) Fungible
2) Scarce
3) Durable
4) Portable
5) Divisible
6) Salable
Gold is not portable and divisible.
Fiat is not scarce.
The US government will go further into debt until the global financial system collapses.
Why?
Borrowing US Dollars is an arbitrage opportunity with 100% profits. THE DEBT WILL NEVER HAVE TO BE PAID BACK.
It costs the US government nearly nothing to borrow more USD (it just borrows more to pay back old loans), but people are willing to trade their finite resources for $.
#Bitcoin    fixes this.
I will continue posting about #Bitcoin even though most people have no desire to learn about it.
I wish someone had pushed me to spend time studying this 10 years ago.
Once you see the value of Bitcoin, you can't unsee it.
"#Bitcoin       is worthless"
Me: "Have you studied it?"
"No... Why would I waste time studying something I think is worthless?"
This is what keeps the average person behind.
I will continue posting about #Bitcoin even though most people have no desire to learn about it.
I wish someone had pushed me to spend time studying this 10 years ago.
Once you see the value of Bitcoin, you can't unsee it.