My good friend nonetheless has all of the Bitcoins I purchased in 2013. And some extra of them.
My good friend by no means bought at 261 USD, 1250 USD, or 19000 USD.
As a result of I’m not a type of “Purchase a Bitcoin in the present day and be wealthy tomorrow” guys who use Bitcoin purely for hypothesis.
I purchased Bitcoin in 2013 as a result of I preferred the thought of getting full management over MY ASSETS with out anyone having the ability to take it from me.
No (central) financial institution would decrease the worth by inflation. (See how a lot $100 purchased you 10 years in the past and the way a lot it buys you now?) Actual property, shares, uncommon automobiles, artwork, and watches didn’t immediately get dearer. It’s the equal fiat foreign money worth that went downhill.
No authorities would take it from me by taxation or laws. (Keep in mind Greece and Cyprus? Or the confiscation of Gold, again within the day?)
An simply transferable asset and securely storable asset like Bitcoin (strive storing or transferring gold bars in massive quantities) is value A LOT MORE than what worth is at present indicated.
And over the long run, worth will all the time regulate to worth.
However in a society the place everyone grew up believing in a colorfully printed piece of paper, it can take a bit longer till individuals perceive that having full management over their very own cash is priceless. And that is what Bitcoin will likely be in a number of years from now.
That’s why I nonetheless personal Bitcoin and doubtless will for a very long time.
Please remark under how a lot BTC you may have held until now and from when !!!!?
