MultiversX Tracker is Live!

Just some perspective for those newbies who might be having a tough time tuning out the noise.

Bitcoin Reddit

More / Bitcoin Reddit 107 Views

I don't even know where I'm going with this post but I'm just gonna shoot from the hip here. I first heard about BTC sometime back in 2017 from a friend. All I was told was that its a scarce asset with a finite amount that there will never be any more of at a certain point. At the time, I would say this friend didn't know jack shit about BTC and the tech, and neither did I. Nonetheless, I was intrigued and made my very first purchase on Gemini in 2017 and didn't think much of it for the next 2-3 years.

Fast forward to 2020 and I started studying economics, money, TradFi, and BTC like crazy. I recall making a comment on a thread here in this subreddit some months ago saying that if I had known what I know now about BTC, money, the economy etc then I would have bought the hell out of BTC back in the 2017 lows. You best believe I've been buying it these past two and a half years. Bought some when it was in the highs of 60k+ and have been buying all the way down. I haven't sold any of it either.

Sometime around 2020 I found out about Austrian Economics and read "Principles of Economics" by Carl Menger, and "Human Action" by Ludwig Von Mises and those books just reinforced my conviction in BTC and hard money. Menger in principles says that man ACTS in order to alleviate uneasiness and provision for the future as best he can based on current and anticipated circumstances, as well as Mises does in Human Action.

When I often think to how central banks (and fiat) operate it also further reinforces my conviction in BTC. We bust our asses day and night slaving away at some ordinary job working for worthless paper fiat (in the long run) that can be devalued on a whim by central bankers and policymakers. They just erode and eat away at our hard earned money, wealth etc and make everything more expensive as a consequence of their reckless policies. Central bankers essentially corral us like livestock into behaving how they want us to based on their monetary policy decisions and dangle the proverbial carrot on a stick in front of us. As the saying goes, BTC is fuck you money.

Once again, this post very likely had no specific purpose, and I'm pretty sure I've been rambling, but make of it what you will. I'll be buying this damn corn the further it goes down within the next several months/years etc.

https://preview.redd.it/gzhvur4awma91.jpg?1170&format=pjpg&auto=webp&s=e464062451ffd465f2e32ed14f4d50446b58297c


Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments