cameri on Nostr: For the first time friends have asked me to teach them how to buy Bitcoin. It ...
For the first time friends have asked me to teach them how to buy Bitcoin.
It happened after we were having a conversation about it and they were bringing the usual FUD: governments won’t allow it, volatility, you can’t pay most things with it. Instead of my usual unspoken GFY/HFSP attitude I actually addressed some of their arguments:
- I don’t need to convince anyone, really
- nobody is using stocks, ETFs, real estate, as a cash to buy everyday items but people seem to be pretty happy storing value on those
- US fed gov, Texas gov, and Florida government have created Bitcoin reserves (or are in the process of)
- people use the worst money and not one that holds and appreciates for every day transactions
- even so, more money they could even imagine in their lives (measured in ice cream money) move every single day on the Bitcoin blockchain
- they shouldn’t buy Bitcoin with money they would need in the short term (capital gains tax, volatility)
That seemed to do it 😌 did I miss anything?
It happened after we were having a conversation about it and they were bringing the usual FUD: governments won’t allow it, volatility, you can’t pay most things with it. Instead of my usual unspoken GFY/HFSP attitude I actually addressed some of their arguments:
- I don’t need to convince anyone, really
- nobody is using stocks, ETFs, real estate, as a cash to buy everyday items but people seem to be pretty happy storing value on those
- US fed gov, Texas gov, and Florida government have created Bitcoin reserves (or are in the process of)
- people use the worst money and not one that holds and appreciates for every day transactions
- even so, more money they could even imagine in their lives (measured in ice cream money) move every single day on the Bitcoin blockchain
- they shouldn’t buy Bitcoin with money they would need in the short term (capital gains tax, volatility)
That seemed to do it 😌 did I miss anything?