#Bitcoin is down 38% from the top $126K in October --> $78K to end January One of the worst 4 month periods ever But for the REAL Bitcoiners, this is the best thing that could have happened If you can create more value, you will be able to buy more Bitcoin, and you will see your net worth rise It's just a matter of time
MARK MOSS: "I think #Bitcoin is doing a better job educating people than universities today."🔥
Gold and silver are for people who are fearful that modern society is about to collapse #Bitcoin is for people who are hopeful that humans are resilient and we will get out of the problems that fiat created
Inflation is a transfer of wealth from the poor and middle classes to the rich
60% of the total gold supply was brought above ground in the last 65 years This means only 40% of the total supply was found in the previous 100,000 years This means humans are getting better at taking gold out of the Earth In 65 years, more than half of the value of gold was transferred to gold miners We have no idea how much gold exists or how much will exist in the future #Bitcoin's supply has always been 21,000,000
If you bought Bitcoin and you feel stressed out about other assets outperforming it YOU'RE GETTING DISTRACTED Stay focused Remember: Nothing has changed about Bitcoin The fundamentals are still the same: - Still the same supply cap (21,000,000) - Still the same characteristics (decentralized, fungible, divisible, durable, scarce, permissionless, censorship resistant, etc) - Still the same use cases (medium of exchange, unit of account, store of value) You already knew Bitcoin was volatile in terms of fiat (any asset worth owning is volatile - dollars aren't volatile... but they're guaranteed to lose value over time) Nobody can predict what the market will do in the short term Markets can be irrational longer than you can stay solvent Stick to your plan, don't get distracted, don't gamble Everything trends to zero against Bitcoin In a few months or years, you'll realize you were panicking over nothing
Banks turned real estate into a player vs player game The people who need houses to live in are always competing with the people who need houses as a savings account Banks create fresh money and hand it out to anyone who wants to buy a home They increase demand for housing by artificially increasing demand Unfortunately, the people who need housing as a savings account always win because it's easier for them to qualify for credit with their bank
1 #Bitcoin will be generational wealth in 30 years, and it doesn't matter which country you live in (high vs low cost of living)
Cash flow may be nice but having a form of money that can't be debased is way better BUY #BITCOIN
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