In case it’s still not clear to the folks here, THIS IS THE TIME TO BUY
NOT FINANCIAL ADVICE Speaking as a hater who turned skeptic who’s now cautiously optimistic. I’m HODLing (and have been for a year) and I’m beginning to see the wisdom of BTC as a store of value (like gold). This is NOT going to transform payments, it will NOT be used for cross border commerce, but it will become the backup internet layer of money, a kind of globally administered currency, where we all collectively are the “federal reserve”. I’ve hung out with people who bought millions of dollars BTC in 2011/12 and haven’t sold a single coin yet. Obviously they’re riding high but it’s not the gains that keep them in. It’s what I wrote above, and I’m beginning to finally understand that thesis. So if you’re day trading, ignore this post and please sell so that folks like me can pick more for “cheap”. submitted by /u/Glittering-Path-2824 [link] [comments]
NOT FINANCIAL ADVICE
Speaking as a hater who turned skeptic who’s now cautiously optimistic. I’m HODLing (and have been for a year) and I’m beginning to see the wisdom of BTC as a store of value (like gold). This is NOT going to transform payments, it will NOT be used for cross border commerce, but it will become the backup internet layer of money, a kind of globally administered currency, where we all collectively are the “federal reserve”.
I’ve hung out with people who bought millions of dollars BTC in 2011/12 and haven’t sold a single coin yet. Obviously they’re riding high but it’s not the gains that keep them in. It’s what I wrote above, and I’m beginning to finally understand that thesis.
So if you’re day trading, ignore this post and please sell so that folks like me can pick more for “cheap”.
[link] [comments]