hitome
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Why do so many people trade cryptocurrencies but so few support Bitcoin?
The birth of Bitcoin was to prevent financial crises caused by the excessive issuance of fiat currency.
Bitcoin is the only sound currency to date, for the following reasons:
1️⃣ Compared to fiat currency, Bitcoin has a much larger stock-to-flow ratio, meaning that the new Bitcoins added each year are far less than the existing Bitcoins, which is in complete contrast to the high inflation of fiat currencies. This will make our existing Bitcoins more valuable.
2️⃣ Compared to gold, Bitcoin can be traded across time and space. We do not need to go to a bank to exchange gold, nor do we need to transport gold over long distances; we just need to open the Bitcoin network to transfer it directly.
3️⃣ We truly own Bitcoin in a real sense, having complete control and ownership of it. As long as you do not leak your private key, it will forever belong only to you, and no one can take it away. The numbers on stocks and bank cards do not truly belong to you and can be taken away at any time.
<So why do we need to own Bitcoin as soon as possible?>
China was the last country to abandon the silver standard, continuing until 1935, during which time Chinese silver coins lost 78% of their value. The suffering in modern Chinese and Indian history is closely related to the significant wealth and capital losses caused by the dematerialization of the currency metals they used while trying to catch up with the West in the 20th century.
Imagine a scenario where the silver we admire is everywhere in other countries, with very low acquisition costs, allowing them to easily achieve geographical arbitrage and better control domestic capital and resources.
Alternatively, we can think from another perspective: it is not that Bitcoin is rising; in fact, fiat currency is falling.
The above views are reflections on the future of currency; from the gold standard to the blockchain standard.
I recommend this book to everyone in the crypto community.
The one true god has descended.
Welcome to discuss.
0340614384303406143843 the military can always believe in Bitcoin
08706194744
The birth of Bitcoin was to prevent financial crises caused by the excessive issuance of fiat currency.
Bitcoin is the only sound currency to date, for the following reasons:
1️⃣ Compared to fiat currency, Bitcoin has a much larger stock-to-flow ratio, meaning that the new Bitcoins added each year are far less than the existing Bitcoins, which is in complete contrast to the high inflation of fiat currencies. This will make our existing Bitcoins more valuable.
2️⃣ Compared to gold, Bitcoin can be traded across time and space. We do not need to go to a bank to exchange gold, nor do we need to transport gold over long distances; we just need to open the Bitcoin network to transfer it directly.
3️⃣ We truly own Bitcoin in a real sense, having complete control and ownership of it. As long as you do not leak your private key, it will forever belong only to you, and no one can take it away. The numbers on stocks and bank cards do not truly belong to you and can be taken away at any time.
<So why do we need to own Bitcoin as soon as possible?>
China was the last country to abandon the silver standard, continuing until 1935, during which time Chinese silver coins lost 78% of their value. The suffering in modern Chinese and Indian history is closely related to the significant wealth and capital losses caused by the dematerialization of the currency metals they used while trying to catch up with the West in the 20th century.
Imagine a scenario where the silver we admire is everywhere in other countries, with very low acquisition costs, allowing them to easily achieve geographical arbitrage and better control domestic capital and resources.
Alternatively, we can think from another perspective: it is not that Bitcoin is rising; in fact, fiat currency is falling.
The above views are reflections on the future of currency; from the gold standard to the blockchain standard.
I recommend this book to everyone in the crypto community.
The one true god has descended.
Welcome to discuss.
0340614384303406143843 the military can always believe in Bitcoin
08706194744
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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