Dark⚡J on Nostr: Bitcoin is the liferaft to the crumbling legacy financial system Titanic. It's bumpy ...
Bitcoin is the liferaft to the crumbling legacy financial system Titanic. It's bumpy right now (volatile) because it's still a small raft, and the waters are choppy, but it's trajectory has always been to the upside. It's growing at an exponential rate. The larger it gets, the more stable it will become.
You can compare Bitcoin's adoption rate right now to the internet in the mid 90s. It works on 4 year cycles, and every 4 years it gets an order of magnitude larger. This trend shows no signs of stopping. This is why it must be used as a savings vehicle with a minimum 4 year time horizon, but preferably longer, because it will continue to appreciate, forever. This means you should only buy it with the intent of not touching it for 4 years. Once you understand Bitcoin, though, you will be hard pressed to sell it for anything less valuable. This is the same reason why you wouldn't sell dollars today to purchase the hyperinflating Argentinian pesos.
You can compare Bitcoin's adoption rate right now to the internet in the mid 90s. It works on 4 year cycles, and every 4 years it gets an order of magnitude larger. This trend shows no signs of stopping. This is why it must be used as a savings vehicle with a minimum 4 year time horizon, but preferably longer, because it will continue to appreciate, forever. This means you should only buy it with the intent of not touching it for 4 years. Once you understand Bitcoin, though, you will be hard pressed to sell it for anything less valuable. This is the same reason why you wouldn't sell dollars today to purchase the hyperinflating Argentinian pesos.