When it was 800 bucks, you thought it was a scam,
Even at 100,000 USD, you still think it has no value,
That can only mean you are completely not updating your understanding,
Thinking all Americans are fools
Willing to invest in an ETF for something worthless,
Big companies and governments are fools
Willing to save something worthless.
Only you are the smartest, ha ha.
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Let's do some basic science education,
Stop holding onto your decades-old views every day to talk nonsense.
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Common fallacies:
1. There is Bitcoin today
I can issue another coin tomorrow
What if there's a more authoritative coin in the future, then Bitcoin will have no value?
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2. Bitcoin is scarce, so it's precious?
My booger production is even lower.
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3. What can Bitcoin do? It just wastes electricity, it's useless.
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4. One Bitcoin
If I split it into ten thousand Bitcoins,
What about a trillion Bitcoins?
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The reason all the above arguments are wrong is,
The value of Bitcoin lies in its decentralized consensus,
Not in its ability to provide food, water, or other necessities.
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It’s because most people recognize it and believe it has value,
Not because of the value assigned by entities like the Federal Reserve or central banks.
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Assigned value can fluctuate,
But the power of consensus is infinite. The more people recognize it,
The higher its value becomes.
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Just like why natural diamonds are valuable?
Because everyone thinks they are a symbol of love,
Recognizing their value, in reality, they are worthless compared to synthetic diamonds.
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Why does the approval of the BTC ETF in the U.S. lead to price increases?
It’s because more people have reached a consensus on its value,
So its value is increasing.
If you issue another coin, even with a production of 0.01, even if it’s your booger, it doesn’t have consensus, so its value is very low.
Got it? If not, think about it some more...
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BTC and BCH are somewhat the same,
Why is BTC at 100,000 while BCH is only 500?
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By the way, to clarify, the latest ruling from the Shanghai High Court has already stated,
Virtual currencies have property value,
Personal possession of virtual currency is not illegal.
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Open your eyes and see the world, stop just repeating every day. #Coin#BTC☀
