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Topic
Board Beginners & Help
Re: Newbie Don't be afraid of buying Bitcoin
by
macson
on 14/10/2023, 20:50:13 UTC
The purchasing power of 1Us dollar vs 1Bitcoin clearly shows that one is going to zero, while the other is not.

When we compare Bitcoin with the best, most used fiat and most reliable currency in the world, the Us dollar it clear show that Bitcoin is on a different level to the Us dollar.
Let me show you why wealthy men like changpeng Zhao(cz), Brian Armstrong, Jed mc Caleb etc can hold billions in Bitcoin without being afraid.
 
If you are afraid that Bitcoin would go to 10k,ask yourself why they hold billions in Bitcoin.
Don't you think that they had more insight than you will ever have?
Why do you think Nasdaq crashed 1.8% 2days ago  and Bitcoin holding 27k line? Buyers still buy no matter what, that shows confidence in Bitcoin, and remember retail got no money right now.
Inflation is too high, retail salary vanished day it arrives, it not retail that buy Bitcoin now,
you wouldn't like to hear this, but the one buying assets now are the wealthy, they will likely continue the trend of the rich getting richer
it is difficult to make the mindset of poor people and the mindset of rich people same, especially since poor people do not have good financial management knowledge, besides that rich people have privileges that poor people do not have, sometimes for someone to become rich, they need a privilege and not everyone is lucky to get that.  I was once in the zone of really having no money, at that time all that came to my mind was getting money to survive, luckily now my finances have improved, and I can slowly invest part of my profits in bitcoin, but regardless of that, investing in bitcoin will never harm you, in fact in the long term it is very profitable.