What should the reason be to own Bitcoin and other cryptos?
I read so many on how to make millions with bitcoin and altcoins and I am starting to realize that many new people just come to the market for making some quick bucks. People tend to have problems with understanding me when I say we are NOT in it for making millions or buying a Lamborghini.
Then people get afraid when bitcoin dips like it did last weeks and they are afraid of losing a part of there investment and they will sell with a loss. This happens because people only look short-term and don’t understand how blockchain and crypto will change this world. Everybody needs to zoom out and look at it with a long term perspective and understand that it’s not just about making millions but mainly about the philosophical values of blockchain and crypto. Values like FREEDOM, INDEPENDENCY, TRANSPARENT DECENTRALIZED PROCESSES and TRUST.
Once in a while, a revolution takes place. In 1600 the printing press had a huge influence on the world. In 1700 the steam engine was a huge change and in 1800 it was the industrialization that changed the world. Then in 1900 the internet tremendously changed our lives and now in 20th-century blockchain and crypto will bring a change that will be 3 times larger than the internet has brought us.
I respect everyone’s opinion and everyone needs to do what he/she thinks is good, but please take look at the world and the monetary system! Do you really agree with the situation we are in now or do you want to have access to your money when and wherever you want in the future? I simply can’t understand why I should agree with maximum ATM withdrawals or making an appointment if I need more then 10k of my own money or the huge costs and time of sending my money to family on the other side of the world.
Who guarantees us that money will continue to exist as we know it and what happens if we get a centralized cashless society that will be controlled by the parties that have control now. We all know that the world is slowly going cashless and when the time comes that all our money is digital, those middlemen in control can just push the button behind your name and your funds will be frozen or even deleted. Do we really want this to happen? To be clear, I am not saying they have the intention to do this but just saying they could. Just look what happened in Cyprus and Greece a few years ago.
This is maybe the last moment in our lives where we are able to ensure that we keep control over our life and Money(funds). Blockchain and crypto are providing us with the tools to get back some control and prevent that middleman (third parties) will get all the strings in their hands. I think people need to realize that this is the reason to be in crypto and not just buying a Lamborghini. So when you invest in crypto you will be supporting values like FREEDOM, INDEPENDENCY, TRANSPARENT DECENTRALIZED PROCESSES and TRUST. And yes you may also be able to buy that desired Lamborghini but you could also support the poor with a small part of your profits 😉
Bitcoin was originally created as an alternative, decentralized payment method. Unlike international bank transfers at the time, it was low-cost and almost instantaneous.
The reason why we need bitcoin:
1. Price correction brought bitcoin to a healthy valuation
2. Bitcoin has proven it is reliable and that it can scale
3. Lightning strikes
4. Crypto is becoming mainstream with Bitcoin in the forefront
5. Securities will bring in institutional money and the masses