Out of 8 billion humans
Only 20,999,999 can own 1 whole Bitcoin
This is 0.2625% of the global population
But when you consider that there are companies and some individuals who own thousands of coins
And you consider that 3-5M coins are likely lost forever
And that so many people own fractions of Bitcoin
It means EVEN FEWER people can own 1 Bitcoin
I'd guess that less than 2 million people can own a whole coin simultaneously 🤯🤯
I spent a very long time and A LOT of money learning how to make the financial system work for me:
- University degree in accounting and finance
- CFA designation
- 10 years of experience in the financial industry
And yet
Someone who consistently bought Bitcoin outperformed any asset I learned about and invested in 😂😂😂😂😂
It took a LOT of work to get over my ego
I had to admit I was wrong about stocks and real estate
Learning about the financial industry was a sunk cost
I will never get that time and money back
But it led me to Bitcoin, so I'm grateful!
"A ship in harbor is safe, but that is not what ships are built for."
- John Shedd
This applies to currencies (like Dollars, Yuan, Pounds, Euros, Rupees, etc). Keeping your cash safe in a bank account keeps you from losing money BUT that's not what currencies are for.
When you keep your currencies safe, they slowly lose buying power (this represents what you can exchange them for, like food, energy, shelter, etc) until they're worth nothing.
Currencies are only designed to be a medium of exchange, NOT a store of value.
Get rid of them as soon as possible to buy scarce things (my preference is Bitcoin).
If younger generations use Bitcoin to store value instead of real estate (they're already doing this), demand for housing will likely drop.
Everything compounds over time.
This may mean young people will be saving a few years to buy a house in cash rather than saving 10+ years for just the down payment.
I regularly say that we're early because most people can't imagine a world where we don't see real estate as an investment.
Home prices will drop to their utility values or maybe slightly more to account for location.
I think this would benefit everyone (including anyone who doesn't own Bitcoin right now).
Housing would be abundant and your labor would increase in value proportionately to the price of homes.
When you finally trust yourself to cut your losses quickly and without hesitation, you develop real confidence in your ability to trade.
#Trading
Trading is a skill that you learn over time. You can't just jump into it and expect to be a pro right away.
If you want to become a great trader, you have to start from the beginning: being bad.
TG: @Rajatsonitrade
Excited for the #Bitcoin halving in 6 days? 🚀 Here's why there's a good chance the price could rise:
When the halving happens, the reward for mining new Bitcoin halves too, which means fewer new Bitcoins are created. This makes Bitcoin rarer, and if demand stays the same or goes up, the price could too because of the classic supply and demand rule. Historically, prices have gone up after past halvings. #Crypto
Just entered a $BTC long.
Entry: 66650
SL: 64800
TP1: 68500
TP2: 69400
TP3: 70850
Why don't these accounts ever talk about the risks of private lending?
When you lend privately, you rely on a small number of individuals to pay you back.
THIS IS EXTREMELY RISKY.
Instead, buying Bitcoin with that $1M, holding it then then trade a bit of it to get your cash flow would be a lot less risky over the long term.
The only conclusion I can come to here is that they are intentionally ignorant of Bitcoin.
They are misleading their followers on purpose.
They've borrowed millions of dollars to fund a portfolio of properties.
They want to keep real estate investing alive by selling it to their followers.
Their followers are exit liquidity 🤯
Teaching others about Bitcoin is a selfless act
My goal is to tell people how Bitcoin works because I know where this is going, and I know banks do too
If we, the average person, accumulate more Bitcoin and trade daily, there is less for banks to own
The more Bitcoin banks own, the more power they have over us
If they own 90% of the supply of an asset, they can easily dump when the price goes up to scare any retail investors
They can dump over time, frustrating holders who don't understand what they own
These people will look for more profitable ways to invest (stocks and real estate)
If they own 20%, they have a lot less power over the market
They have a lot less Bitcoin to dump on the market and materially change the price
They may dump in hopes that the price drops, and if it doesn't drop as much as they expect, they end up with less Bitcoin when they try to buy back
Retail investors holding more means banks and governments have much less power and we can actually move to a Bitcoin standard around the world
People who can afford 1+ Bitcoin today
Won't even be able to afford 0.01 Bitcoin within 30 years
This is inevitable
How do we lock this in? 28 OZ of gold for 1 Bitcoin in 10 years
Before starting today's trading, here's my current balance.
#Trading
You CHOOSE when to retire.
Governments use retirement benefits as a way to keep you working, spending money on things you don't need, and generating taxes by dangling a carrot in front of you.
Don't fall for it.
Cut expenses, increase income, build an emergency fund, and save a portion of your wealth in Bitcoin.
Ignore all the noise and take ownership of your future.
Government-sponsored pensions will likely be worthless within 20 years.
#Hodl and day trade!!
Time is the ultimate currency. Spend it wisely, invest it carefully.
#Trading
$BTC little longerino, aiming for low 69 region
#bitcoin
Let's make a bet
10 years out
If #Bitcoin goes to 0 I'll pay you $70,000 (today's value)
If it doesn't you give me 1 Bitcoin
CFA vs CFA 😂😂
You don't buy #Bitcoin to make money
BITCOIN IS THE MONEY
TG: @Rajatsonitrade
Governments can't stop #Bitcoin
It doesn't matter how hard they try
Bitcoin is just a financial record that is updated every ten minutes
There are no feelings, there is no special treatment, and everyone is equal to the network
If you can pay the market rate for transaction fees, you can move your Bitcoin wherever you want and whenever you want, and nobody can stop you
All you need to access your bitcoin from anywhere in the world is 12 words
You can enter these 12 words in any signing device and sign a transaction to move your bitcoin
For governments to control Bitcoin, they would need to monitor every individual who owns some
The problem is they don't know everyone who owns Bitcoin...
Non-KYC coins exist, some coins are lost, etc, etc.
They can't stop something if they can't even confirm it exists
This would take such a massive financial investment that it wouldn't be worth it for them to pursue it
For governments, it would be a much better decision to just buy Bitcoin and integrate it in the financial system
The best way to go for them is to accumulate bitcoin instead of attacking the network because it just gets stronger with every hit