r/Bitcoin

The Inevitability of it All

For the first time since beginning this weird and obscure journey, I truly believe this is the future of money.

I first bought bitcoin when it crashed during the initial stages of covid. Seeing the price decrease from 17k to around 4k, I saw it as a buying opportunity and was legitimately hoping to make a quick buck, viewing crypto as a scam. Never ended up selling or converting because of tax implications and general fomo reading $1M price prediction posts.

The last five years have felt like 30. All that has happened in the world, the immense amount of uncertainty, the stock market crashing, the inevitability of inflation and price gouging screwing over the average person, paper money being printed out of thin air and the deficit growing exponentially in the last 10 years, adoption through ETFs and banks quicker than I ever would’ve imagined… it’s all made me realize nothing about this is normal, so why should I put my money where you’d normally put it.

There will only ever be 21M bitcoin. It’s the purest scarce asset in existence. It’s the most simple concept of economics in existence, what you learn in economics 101 on day 1. It’s financial energy. For the first time in my journey I see $1M as not just a possibility but an inevitability. I am viewing my btc as real money and my fiat as something that will likely vanish away by the time I’m old. I feel like my world view has shifted and I can see where all this is headed.

Call it a top signal, but for better or worse, I think we’re in for some big life changing things.

Edit: Edited the last sentence to reflect that I don’t think everything about this is all a positive. It simply just is what it is.

https://redd.it/1kd4vgw
@r_bitcoin

Reddit

From the Bitcoin community on Reddit

Explore this post and more from the Bitcoin community

www.tgoop.com/r_Bitcoin/62547

120 viewsMay 2 at 17:37

The Inevitability of it All

For the first time since beginning this weird and obscure journey, I truly believe this is the future of money.

I first bought bitcoin when it crashed during the initial stages of covid. Seeing the price decrease from 17k to around 4k, I saw it as a buying opportunity and was legitimately hoping to make a quick buck, viewing crypto as a scam. Never ended up selling or converting because of tax implications and general fomo reading $1M price prediction posts.

The last five years have felt like 30. All that has happened in the world, the immense amount of uncertainty, the stock market crashing, the inevitability of inflation and price gouging screwing over the average person, paper money being printed out of thin air and the deficit growing exponentially in the last 10 years, adoption through ETFs and banks quicker than I ever would’ve imagined… it’s all made me realize nothing about this is normal, so why should I put my money where you’d normally put it.

There will only ever be 21M bitcoin. It’s the purest scarce asset in existence. It’s the most simple concept of economics in existence, what you learn in economics 101 on day 1. It’s financial energy. For the first time in my journey I see $1M as not just a possibility but an inevitability. I am viewing my btc as real money and my fiat as something that will likely vanish away by the time I’m old. I feel like my world view has shifted and I can see where all this is headed.

Call it a top signal, but for better or worse, I think we’re in for some big life changing things.

Edit: Edited the last sentence to reflect that I don’t think everything about this is all a positive. It simply just is what it is.

https://redd.it/1kd4vgw
@r_bitcoin

BY r/Bitcoin