Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Wind_FURY
on 19/02/2024, 05:48:35 UTC
⭐ Merited by JayJuanGee (1)
[edited out]
¯\_(ツ)_/¯
It's not a joke. I truly believe that as Bitcoin HODLers, we should learn more about our investment. It's also no mere investment, it could be the most important asset, like Gold, that might serve as a back-up/fall-back if the current financial system fails/crashes.

Bitcoin's technical design and the design decisions made by the Core Developers ensures that it remains as a form of hard money for internet transactions. Those big institutions wouldn't touch Bitcoin and wrap it in an ETF, if that didn't have any value.
To the extent that you might not be changing your position and to the extent that I can even remember what we were arguing about in regards to whether bitcoin should be considered and presented to newbies as an investment or as something else, such as a technological phenomena that is better than any shitcoin.. blah blah, blah, it could well be that we are devolving into arguments about semantics... to the extent that you are still worked up about any of my potentially lame attempts at making light of bitcoin-related matters.  

No ser, I'm merely telling you that investing in Bitcoin and learning its technical features about WHY it's a good investment is also as important, probably more, as taking it as an investment itself. Many newbies would probably not care, but I believe if experiencing their first -50% drawdown it would be those newbies that would not have enough conviction to HODL.


Thanks for that further clarification, and sure fair enough in regards to a potential importance that comes from trying to understand some of the technical aspects of bitcoin in order to contribute towards the potentiality of developing stronger investment conviction, and so maybe that again is helping to highlight where you and I are considering these kinds of matters regarding the importance (or lack thereof) technical knowledge differently.


It doesn't have to be a deep understanding of every technical feature of Bitcoin. I believe a mere understanding on why censorship-resistance is the main value-proposition of decentralization would be enough. From that, any person who's willing, could do his/her own research about how that's being made possible and why Proof Of Work and Bitcoin both can't exist without the other.

It's very VERY important for people to learn, or have the interest to learn these matters. They could form their own opinions later on and they'll never be misinformed by fudsters.