The misconception of bitcoin in a world driven by profit
Hold on a second! I'snt there more to buying low and selling high? Or am I missing something? How does one opt in to owning stake in a global financial revolution and then turn around to single handedly opt out into a broken traditional financial system in the name of profit? Can somebody make it make sense?
The worlds number 1 cryptocurrency doubles its all time high value as it hits $40k and I look around me but all I see is talks about taking profit, like we haven't learnt anything in the last decade. There is an imminent change in the global financial system, the traditional fiat system is broken and going to experience a rug pull as this change occurs.
Bitcoin is slated to become the worlds global reserve currency, but someone buys some Bitcoin, experiences some gains in fiat value and then sells the Bitcoin for fiat, then feels smart! Wow, humans!
If we take a look around what's happening today, mega institutions are doubling up on replacing their Fiat reserves with Bitcoin, people around the world are opting out of Fiat and hedging their wealth in Bitcoin...,
..... it is obvious that the present situation is different from that of 2017 Bull market, things are not the same, more people are financially aware as the traditional fiat system crumbles, the value stored in cryptocurrencies hit $1trillion today, yet it is only a small percentage of all the money in the world, but some are only all about taking profits. How disappointing.
There are over 7 billion people in the world, for everyone to participate in this financial revolution, each person must have roughly between 0.00175000 and 0.0023188btc which is presently worth around $66-70, which is already impossible as some institutions and individuals already own 100's and 1000's of Bitcoin out of 21million to be ever mined, with over 82% already in circulation.
Bearing the title of the most scarce asset in the world is not a farce, it is a lucky shot to own any significant amount of Bitcoin in this day and time going forward.
This is the same for Hive, acquiring stake is like reserving space/ownership in the most decentralized censorship resistance digital platform, its just more than "taking profit".
Anyway, enough with the goody two-shoes, I'm also guilty of this feat, but it just occurred to me that there's more to taking profit from Bitcoins price surges, it seems to me like I've just seen the light, because eventually, it will be the amount of Bitcoin you own in dollars rather than the dollars you own in Bitcoin...
But I guess there's nothing wrong with taking profits here and there, buy some coffee or pay for some beer or order some pizza, I mean, we are creatures with needs after all, you might just want to get other cryptos, maybe Hive....๐
Ultimately, this is more of a personal epiphany than a financial advice, I could be wrong in many ways than not. Take with a pinch of salt.
Thank you for reading.
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