I'm old enough to remember being able to buy 1,000,000 #sats for ~$130.
Today, you need around ~$1,000 for that.
Don't wait until it will cost you $10,000, because #Bitcoin DGAF.
Friendly reminder that #Shitcoins and #memecoins are designed to part you with your #Bitcoin
Bitcoiners saving in #BTC is akin to buying prime real estate in top business hubs.
cRyPtO bRoS trading #Shitcoins and #memecoins is akin to buying & selling 2nd hand smartphones on the streets of New York.
That's exactly right. You really cannot control what #Bitcoin will do and relying solely on its performance. If you do, your life will literally be a rollercoaster. Having valuable skills that you can use to earn a good living is what you can control.
Not saying you are, but it's important to define what you mean by inflation.
As far as I can tell, the top line shows nominal returns, while the bottom line measures those nominal returns in gold.
That's exactly it. You should be able to do well by providing value to society. #Bitcoin is just an extra tool to help you preserve whatever excess you get to have.
I understand where you're coming from.
My argument is simply that your life shouldn't depend on #Bitcoin going 100x over the next 5 years, to do well in life.
Exactly!
#Bitcoin is for saving your excess productivity and protecting + growing its purchasing power over the long term.
Want to make more money? Become more valuable to society.
Unpopular opinion: If #Bitcoin needs to moon, for you to do well in life, you're not providing enough value to society.
Define inflation
"So that's it? You just buy #Bitcoin regularly, without caring about the price? Are you a psychopath?"
Imagine getting whipsawed by this #Bitcoin daily price action.
That's why you stay humble and stack sats, ladies and gents.
Friendly reminder that everyone looks like a genius, during the bull market.
If you think you are a genius for picking a cRaPtO that goes up 100x in a few months, I would highly recommend you check yourself.
Over the long term, #Bitcoin is the only thing that is worthwhile.
cRaPtOs are a distraction that will take you down gamble-land, where you become a fiat-gains-chasing cuck.
If you really want to understand why Bitcoin ONLY, below are a few great resources.
Feel free to comment with any other ones that you think are good.
https://www.uncerto.com/only-the-strong-survive by @allenf32
https://thebitcoinlayer.substack.com/p/bitcoin-and-crypto-arent-the-same by @timevalueofbtc
https://medium.com/@vijay.selvam/the-blockchain-that-matters-a61eb9054767 by @real_vijay
https://medium.com/@aantonop/why-dumb-networks-are-better-f0b94c271b76 by @aantonop
https://www.lynalden.com/bitcoins-network-effect/ by @LynAldenContact
Saving in #TradFi assets is risky.
Saving in #Bitcoin is not risky.
If you don't know or understand why that's the case, you need to study more.
The price of #Bitcoin on the 5th of December:
2010 - $0.23
2011 - $2.50
2012 - $12.70
2013 - $1,000
2014 - $350
2015 - $420
2016 - $750
2017 - $11,000
2018 - $4,000
2019 - $7,400
2020 - $19,000
2021 - $57,000
2022 - $17,000
2023 - $43,000
2024 - $103,000
How it started vs. How it's going.
Sending thoughts and prayers to Peter Schiff
#Bitcoin milestones:
$0.000001M per #BTC ✅
$0.00001M per #BTC ✅
$0.0001M per #BTC ✅
$0.001M per #BTC ✅
$0.01M per #BTC ✅
$0.1M per #BTC ✅
$1M per #BTC ⏳
$10M per #BTC ⏳
$100M per #BTC ⏳
"So you're selling your #Bitcoin here, right?"