Lots of discussion last night about Bitcoin price being down in fiat terms. One thing I think about during these downturns is the fundamental truth about Bitcoin. There are only 21 million (less with lost coins) but there is an infinite amount of money at the federal reserve. Worried about price? Did your government grow a conscience? Did they start getting out debt? Stop spending? No? Then what are you really worried about? Looking foolish to family at Thanksgiving? Don’t be afraid to teach your family the truth. The government cannot print more, they cannot take it by force, they can only try to scare you to willingly give it up. Do you understand now? They are scared so they are trying to scare you with fiat prices. But frame it up another way. When that gadget you’ve been eyeing goes on a 30 or 50% sale on Black Friday, are you worried or sad? No, you buy because you know you are getting a deal. Bitcoin is the deal. And I’m buying more. Let’s go lower. More. Coinbase has a run on the bank, Binance blew up. More. The stock market is imploding, the bonds go no bid. More. People are screaming I’m a crazy person to own Bitcoin and a monster to buy it. Yes. Now you get it. I’m going to setup my family for generations. I know what I own. I’m not selling, in fact I’ve got a smile on my face as I walk out the door of my fiat job on my final day (yes today). And I’ll be buying more. Do you know what you own?
Login to reply