Many people underestimated Bitcoin many years. Not getting involved in Bitcoin is like saying I don’t think I’ll ever use the internet. A quarter century ago, many people dismissed the internet as an impractical toy for computer nerds.
No you don’t understand, the dollar is the biggest scam ever. Bitcoin isn’t going up in value, it’s the dollar devaluing at a hyperinflationary rate to Bitcoin. That’s what happens when we live in an economy where the government can print more money and the banks make it out of thin air (fractional reserve banking).
Do you think that loaf of bread that used to cost 9 cents in 1930 but now is $3 – $5 (depending location) is going up in value as well? Why do you think it costs you more dollars to buy the same damn loaf of bread today than it would back in the 1930’s? Inflation my friend.
Think about it. What happens when you print more money? You devalue your currency. As you print more currency, it will then require you to use more of it in order to purchase something that used to cost less.
Bitcoin had outperformed all predictions for this year. Bitcoin is going through the roof. You are living through the second-largest investment boom in history.
On July 17, the cybersecurity legend and cryptocurrency backer John McAfee made a series of tweets about the price of bitcoin in 2020. He predicted Bitcoin to reach $500,000 within three years.
On November 29, anti-virus pioneer John McAfee raised his 2020 bitcoin price target to $1 million.
McAfee tweeted that he will eat his d**k if the bitcoin price does not reach $1 million by the end of 2020.
For now, those investing in crypto funds are high-net worth individuals, companies managing money for wealthy families, private wealth managers and some venture capital investors.
You don’t need to own 1 bitcoin, even a fraction of a bitcoin can see huge returns. You can buy bitcoin to 8 decimal points, meaning you can buy 10$ of bitcoin at 0.0010000 BTC. If bitcoin hits one million your 10$ investment will be worth 1 thousand dollars. I always scoff at people saying it’s too late to buy.
We live in interesting times, take a view by all means, but don’t ignore it. The only people bashing it are those that failed to get in yet and are too scared to get in now (or those who work in industries that Bitcoin’s disruption directly affects). They’ll still be too scared at $20k, $50k, $100k. Later in life they’ll talk about how making a fortune was starting them straight in the face and they failed to do something about it.
There is a total of 21 million BTC in the whole world. About 16 million Bitcoins are currently in circulation, 3 to 4 million are believe to be lost forever, that leaves between 1 to 2 million yet to be mined. Right now it’s the perfect time to buy and hodl at least 1 BTC. Remember you only need 1 BTC to change your life! Don’t wait until it’s too late and mass adoption kicks in. At that point everyone is going to be hodling and value will be skyrocketing, meanwhile you will be kicking yourself in the head, thinking why you didn’t follow our advice and bought at least 0.25 BTC. You been warned!
Bitcoin doesn’t have to be spent. It’s a reliable place to store value right now. Reliable and independently controlled, it’s a hedge and it’s a safety net from banks and governments who regulate and control. It adds diversification to your assets – just like gold, but in digital form.
Do not worry if you don’t understand Bitcoin yet. It will all make sense in 5 years.
Nothing cost more then a lost chance! You see… You can’t sleep on this opportunity. You are in the right place at the right time.