HODL til 2024 Crypto Bull Run

[Castle2.0]

Originally Posted by Gustoo

ugh the gambling temptation is real

Pick any 4-year period in BTC history. Any day to any 4 years later. Price always go up. Why? Fiat supply always go up. Easy. Will BTC continue to rise in price? What does money supply look like? What is true inflation? Cmon man! BTC is one of the easiest and it is certainly the BEST longterm investment since 2009.

Yeah I get the philosophy behind it but its all potential uses at this point because people aren't actually using to buy food and water in Sudan or wherever.

Now do gold or stocks. To be a store of value, it need not be used as a day-to-day medium of exchange for simple goods and services.

People have bought food/water with BTC. Ever heard of the bitcoin pizza? 10,000 BTC for 2 pizzas. We've learned our lesson. It's the OWNERS of Bitcoin who don't want to spend their Bitcoin. Also, fiat is fine for day to day use. I can convert my BTC into USD, and buy whatever need, but keep the majority of my savings/wealth safe in BTC.

Volatile

Try this thought experiment.

Imagine: a currency is only as volatile as its supply?

How has the BTC supply grown? It has grown exactly as everyone expected, according to a formula, known by all, changed by none. No politics, no crises, no people driving its supply. The same is known of its total final supply: 21,000,000.

Now let's look at USD. How volatile has the USD fiat supply? Google the chart. Madness.

Is the cost of lumber VOLATILE? No, the amount USD supply is (usually in one direction) so we see insane price increases. Don't blame lumber, blame USD. Same for Bitcoin. But Bitcoin is more finite than lumber.

Bitcoin will never be anything more than a store of value. Crypto has moved so far past Bitcoin that it's akin to boomer gold now. The real value in crypto lies in the new tech which is to web 3 that TCP/IP was to web 1

1) Layer 2 is coming to Bitcoin. It's already here with the lightning network. Google it.
2) "anything more than a store of value." It's like saying fusion will be nothing more than cheap energy... "The real value in crypto."

As an investor/saver you must get this, or you will have your lunch eaten

Bitcoin is money, all other coins are technology with tokens. Money tends towards hegemony and dominance by the best money. Previously this was done via a military. USD is the current fiat hegemon. Bitcoin is the future winner. Holding Bitcoin is storing value in the best way possible for the future.

Technology tends towards competition. LOTS of participants duking it out. As a user of financial services, yes, this is great. Compete for my business. But no way in hell am I trusting my wealth to some tech token, whether it's Ethereum or something else. It would be like holding your wealth in a tech stock. Wayyyyy too risky. Bye MySpace. Bye NetScape. The number of displaced and defeated tech companies is endless.

Store your wealth in Bitcoin, then invest in whatever you think will get you a better return in the short-term with what you are willing to lose

Holding ETH is like holding TSLA or AAPL or w/e. The only crypto I will hold in addition to BTC are cryptos with incredible growth opportunity in the short-term. It's risky investing, but worth it. Ravencoin February halvening will bring home some big bacon. Helium is blowing up and on track for 500k-1M hotspots globally. Chia has long-term potential and an edge with mega players like governments and big banks.

They all have their place, but none are a "store of value."

Bitcoin is the first effective long-term store of value. Every other stock and currency has or will go to 0. Commodities, land, real estate, and gold can be confiscated.

End.