I am on this forum for a couple of years and normally only read and never post, but as I see a lot of similar topics popping up the last couple of months I had to put this out so the new bitcoin users get to know more.
This days you only read topic of how much is it now in USD and if its an bubble and when is going to crash… Well its not a bubble, its not going to crash and it doesn't matter how much USD you get for it…. Let me explain!
When I got into the btc, like many others couple of years ago, its was around 300USD…. I do admit I got involved as I could make some money by mining bitcoins and also the mind blowing potential of the blockchain was like getting introduced to a new internet again. In the good old days you could by a antminer s3 and voila… you got your self a bit of bitcoin everyday…. But I didn't get in only for money and I am definitely not staying in the game for money. Its the idea that we can finally beat the system! The banks, governments, multimiljarders getting richer and richer by shady deals behind the closed doors and almost every nasty thing that have made humans a bunch of mindless machines, just smart enough to keep the system running and dumb enough to ask any question… I didn't sell when it was crashing to 150USD, I didnt sell it when it was exploding to 800USD, I dindt sell when it was 8000, I dint sell when it was crashing to 5000….I didnt sell when it was up at 10000…you get the point?!
I am not going to exchange it for USD or Euro or any other fiat, even if its 1USD or 100000000USD.
Why am I telling you this? Because you should know that there are many,many,many people out there thinking like me. Thats why bitcoin is now where its is now. Let me give you some examples;
1) Its a bubble;
No, to have a bubble, you need first over value a thing… BTC is not even started yet! There is only 21000000, and there will be no more. Nobody can change this… they have already try forking like bitcoincash en bitcoin gold but guys like me understand that the strength of the btc is that the code should NEVER be changed, once you start forking, its done! Game over….. next fork is we want more speed, then bigger this, then bigger that…. Then more coins….. then we need to exclude criminal transaction, then you open up the door for the big guys and governments to regulate and we all know how good they can regulate in there own interest. A bubble can also only burst when the price is going down and people get scared and start selling which make a chain reaction. But as long as there are people like me that dont give a damn about price going down it will recover. There is no going to zero and bitcoin is not a company that will have bankruptcy. As long that I am on this planet willing to give my service and goods for btc in exchange, bitcoin will live.
2) I am going to sell at xxx USD.
Let say that I have a goal to sell at let say 100K as I have for example 10BTC and thats when I am a millionair…. Now let imaging that it is now 2019 and price is 100K. Why should I sell? To by a car or a house maybe?
Its 2019, price is 100K every body has now accept that bitcoin is here to stay as otherwise its wasnt 100K a BTC… there are still more people that are getting involved everyday and I can just buy the car and the house directly using my btc as every car seller now know what bitcoin is and is willing to accept it by now. You see?!! once you get there…. There is no reason to exchange/sell it anymore, you just spend it
3) Bitcoin is death
Yes If I could get 1 satoshi for every… I am not going waste any words on this one.
4) What if bitcoin will get illegal
It cant! For that you need every government work together…. It means they need to have a common interest and not trying to screw each other behind there back…. Lol…. Not going to happen
5) Bitcoin was the first but AOL was also the first and can be replaced by....
Bitcoin is not a company, its not a share, its not even gold… you can not compare the bitcoin and use any other statistic from any other branch. Please stop trying to use pointless standard statistic of the wallstreet to determine anything even related to bitcoin. Bitcoin is something more like internet, its totally different than anything else we have ever seen before.
6) Should I invest now or am I to late…
Ask your self this: Should I start using INTERNET or am I to late to start using INTERNET. There is no right or wrong moment to get involved. That my grandma still don't accept that she can use Internet to order things, send a massage, read etc… didnt stop Internet to get big either! Do you get the point?! Its a train that it is continuously moving… or get on board or just stay and wave to it… either way the train will keep going and going….
Bottom line is that there are many, many, many people like me that understand the real value of the bitcoin and are not going to get out just because the price is falling or some newspaper annalist call it a bubble or a bankier calling it an scam and as long that I am on this planet willing to give my service and goods for btc in return, bitcoin will live. You can beat it to death but you cant kill it. Its not money, its not gold, its not bubble,its not hype.. its not xxxxx....
ITS A NETWORK BASED ON YOU AND ME
This should be an sticky so the new users read something meaningful than standard how much is it worth by end of this year over and over.
p.s: read how the bitcoin blockchain works technically, if its to difficult, read it over and over till you really understand it.
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