Post
Topic
Board Bitcoin Discussion
Re: Treating bitcoin as a teenager.
by
Lucius
on 10/11/2023, 14:50:13 UTC
~snip~
We are expecting too much from bitcoin in just a short time of about 13years since it's creation. By logic bitcoin is just a teenager who has not yet attained the status of adulthood like the forex market for example, yet it has penetrate and saturate the financial market (global economy) becoming the talk of the town in the internet like it has been here 50 years ago.


People talk about anything and everything, and with regard to social networks and the increasing availability of the internet even where it was not available before, it gives the impression that everyone is talking about Bitcoin, but I think that it is still something specific and depends on the country and society. It may sound strange (to you and some others), but in the global economy Bitcoin is pretty much irrelevant (for now), if we take into account any criteria - be it the value expressed in numbers or maybe the total number of people involved in some way in BTC. For comparison, the US military budget is larger than the BTC marketcap.

And this can be so discouraging for investors that planned on long term hodling with such a high expectancy. Learn to treat bitcoin like a teenager that's just coming up and still has its future ahead of it and stop the unequal comparison with other financial instruments like gold that have been around for decades.

Maybe everyone should treat Bitcoin for what Satoshi invented it for, not just a profit generating instrument? I don't want to be a hypocrite and say that Bitcoin is not a good way to store value, but we have to use it as a currency as much as possible, regardless of what some will say that the fees are too high or will find some other excuse. By the way, gold has been present among people for thousands of years, and it should not be compared to Bitcoin in the way that some persistently do.