Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
Samlucky O
on 17/12/2024, 06:27:19 UTC
⭐ Merited by JayJuanGee (1)
Bitcoin is totaly decentralized and transparent not only that, but also limited in supply which makes it relatively scars. Bitcoin is not only a currency but a utility or asset one must have. These are the main important thing about bitcoin that makes it unique over other assets and this is  the more reason people needs to buy and hodl for a longer time because Bitcoin is a revolution that almost everyone needs to be a pataker it.
Bitcoin is currently the most valuable and most popular digital currency. But when this Bitcoin first came to the market, people were not very interested in this Bitcoin.  
How worthless this bitcoin was to people at one time, we can learn from the case of buying two pizzas with 10 thousand bitcoins. It was perhaps one of the greatest follies in the world.  
Surely you are right in your explanation but the aspect I would love to correct is the aspect of saying that buying 2 pizza with $10k BTC Is the highest follies. I wouldn't have have brought up this matter but for the sake of corrections and would love this conversation to handle properly as the last one was abused In road to $100k thread. All what I am saying is that as at that time lalzslo sold those numbers of bitcoin, bitcoin was totally worthless and probably he just did what he did for the sake of making bitcoin more useful since there was no one using bitcoin to pay for goods or services. He knew bitcoin will be great but a sacrifice need to be made to pave way.  Now people sees him as fool but he was the reason bitcoin gain more attention. back then many people never thought bitcoin has a real usage, they thought like it was some sort of Fairy Tail or some sort of socia media prolagander, but doing what he did motivated the mindset of people.  So we can not see that as being a foolish but it was a breakthrough.  Afterall for something to succeed it requires a great sacrifice and that he did and of course back then it was nothing to him because he had nothing to lose those numbers where just up to $45 so bitcoin gained popularity and growth lately but not that initial time he bought those pizzas.