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Re: Bitcoin advertisements are a bit outdated
by
dzungmobile
on 06/05/2024, 13:29:54 UTC
I used to say "1 BTC = 1 BTC", until I realized that's like saying "1 USD = 1 USD", and it's not true. That's why USD-prices are usually related to a year: a dollar in 1960 was worth a lot more than a dollar now. And a Bitcoin in 2010 was worth a lot less than a Bitcoin now.
This is a most classic saying I knew and I admired it, felt like it is very viral but I started to realize this saying is only to mislead newbies.

No offend to you, LoyceV, and I believe you understand I did not imply it.

It misleads newbies like "HODL your bitcoin, forever, don't sell it". I agree that Bitcoin is one and only chance in investment life but people actually need money and it's not wrong if they sell part of their bitcoins, to have cash. They can withdraw their bitcoin gradually and it's not wrong to make partial sale to enjoy profit from an investment.

Fiats lose their purchasing powers like US. dollar.
Purchasing power of the US. dollar over time

Bitcoin purchasing power as an opposite trend.
https://charts.bitbo.io/bitcoin-vs-fiat/
https://charts.bitbo.io/satoshi-per-dollar/