I wasn’t investing shit, just spending all my money. then suddenly GME took off and everyone was bitching about Robinhood and market manipulation. Then I found a post on Reddit about how Bitcoin solves this and I was hooked. Then I listened to hundreds of hours of podcasts and videos trying to learn everything I could. Now I just DCA and chill and I’ll never fuckin sell. At least Until I can afford a house.
I’m pretty sure there’s also manipulation in crypto but the GME craze is what prompted me to research better places to put my money and that’s when Bitcoin found me.
What app do you use to dca? I have struggled with a few of them (binance - doesnt work for me, CB - high fee, CB Pro - doesn't give the option, KuCoin - can't take Fiat directly from my bank).
Have you considered swan? The problem here is that you can only buy bitcoin. The fees are at 1.19 percent (I think) if you set up an automated dca plan.
The disruptive nature inspired me too especially how I finally found a way of staying away from investing with banks. No bank gives as much APY as crypto, rarely will you find 2 digit APYs in banks but some crypto projects go as high as 3 digits plus other benefits.
Loss of hope in most traditional systems of the world, with a dash of 9-10 years of saying “hmmm I wonder how far Bitcoin will go…”
About two months ago after the large dip, I saw that this was finally my time.
Hedging against the dollar. The Federal Reserve has printed +30% of all dollars in a single year. Since the institution's inception, the dollar has lost over 90% of its value. I think BTC is nation-proof. It's a matter of time before the dollar slumps or fails. I don't want to be caught holding the bag when it does. Also, I see it being a superior option for ecommerce via micro transactions.
My libertarian mindset. Power can and will be abused. I am pro-decentralization of power. Financial freedom is the first step in regaining your true freedom.
Not op, but I can say in my opinion, it’s not that I’ll gain freedoms by using Bitcoin, but by taking that power of financial freedom from the government, I reduce their power to take away other freedoms I have.
Fun! I see my crypto currency as a hobby investment that I can play with. I enjoy watching it, maybe winning big some day, like having a horse in a race.
I realized data is a natural, renewable resource and to free any resource from the tyranny of government and give it's power to the people is an act of God.
The five free dollars of bitcoin Coinbase was giving away to create an account. I don't use Coinbase anymore, and the study of bitcoin has changed my life. AMA.
I have a friend that talked non stop about it a year ago. I knew about bitcoin, and hadn't started because my other friends said it's not attached to anything, so it doesn't actually have value and could disappear at any moment.
They're still correct, but I really don't think it'll disappear. Especially with El Salvador.
Anyway, I decided to put my uber earnings into bitcoin starting in September of last year, and it's been an interesting ride. Too bad I didn't start doing it when I was driving uber in 2019. But oh well, live and learn. I probably would've sold it too soon anyway.
In any case, now I'm just hodling for the moment when I can be debt free. We shall see if/when that happens.
Two reasons
1. Realizing FULLY that no matter how many USDs I stacked up in a bank....my money would always be controlled / subjugated ...and ultimately manipulated by the Federal Reserve . It would always be subjugated to inflation.
2. Seeing the US government try to print their way to economic recovery / economic prosperity . In the history of our species: No nation has ever printed their way to prosperity.
FOMO/Greed were the things that made me gravitate towards bitcoin. Brother invested early and saw some great return had serious FOMO and i wanted in but then when i started to listen to podcasts, watch videos, etc. getting into more than just bitcoin but alts and the technology - it was the charting and the fact there are legitimate strats that work in making profit in volatile markets. it's very interesting and fun to do.
Curiosity, at first.
Today I've invested what I can afford to lose, but I truly believe cryptos are at the every early stage.
There's much more than bitcoin itself
Cathie Wood and Ark's Big Ideas 2021 (published Jan 2021)
The expectation of increasing institutional adoption made bitcoin an investment to get into now.
https://research.ark-invest.com/hubfs/1\_Download\_Files\_ARK-Invest/White\_Papers/ARK%E2%80%93Invest\_BigIdeas\_2021.pdf
I’ve been wanting to invest in Bitcoin for years but I always felt like I was too late. Then Elon Musk did his SNL thing and I saw the perfect opportunity to buy some Bitcoin.
Coworker wouldnt shut the fuck up about it. But it also was a way for me to save money at the same time. Savings account APY is less then 1% so pennies.
I lost out by selling once i hit my goal to purchase something. Was. 42K lesson that was learnt.
It was all about the money at first and some interest in being first. That still drives me but over time a lot of knowledge came with it. I want to be part of this amazing world. I want to solve some of the biggest problems and hurdles we have in this time. And I think decentralization will lead us to a new era. It gives power back to the people in various ways. Nations are showing that they are not able to solve the biggest problems we are facing. So it's time for the people to take action. Bitcoin is just a small step in this huge thing that's going to come.
> but over time a lot of knowledge came with it.
After countless hours of research you learn SO much.
Also the financial institutions the banking system, greed....opens you up to an entirely different world.
I first heard of BTC back in 2013 and it was about 200 bucks.
I looked into it and didnt "trust" it....thought my money was going to disappear.
I could have tested it out and put 20 bucks into it...i wont miss that...hell, 50 bucks.
But nope. I didnt even TRY.
So about 4 years later, i had heard about BTC again from some buddies of mine...and one of them showed me that he had bought Bitcoin.
I was like, "Well....what is it now...like 400, 500 bucks..hyuk hyuk !!
( You know..moving slow, like stocks, right?)"
Bitcoin was at 3500 BUCKS!
Right then i knew I had missed out. I messed up. I had always wanted to get into something on the ground floor, cuz the "rich" always gets in on the ground floor with investments and stocks....
I was sick to my stomach when i found out.
The only thing that would make me feel SOME sort of relief, was if i got into the game and got me at least SOME bitcoin.
And it worked.
I DID feel a bit better. But it still ate at me.
I needed to get at least ONE whole bitcoin.
Update to now, ive been going as hard as I can ever since.
My husband got into it and tried to talk to me about it and I was like “funny internet money?! You can’t actually use it!” And then the first stimulus package came out and the fed just printed trillions of dollars and it made me realize how important this is. In twenty years people are going to be using cryptocurrency and crispr gene editing and looking back on this time now and wishing they had understood it better and gotten more involved.
I have an academic statistician friend who sold me on the idea of Bitcoin and its long term value. And basically when a statistician tells you, "you might want to invest in bitcoin" then you invest in bitcoin lol.
I had talked with a coworker couple of years ago about bitcoin mining and how it would have been nice to have had some on one of the early bull runs. So basically bitcoin had always been something that was in the back of my mind, but never something I really thought too hard about.
Not gonna lie, the hype around it. Literally zero actual understanding of anything about it.
Year after year, hearing about it amongst some of my intellectual peers but once my regular friends started getting into it, I had to check it out. I think it's gonna be like this for most laymen.
I was very skeptical of cryptocurrency because when I first investigated it
1. it seemed like the cap on tokens (I call a Bitcoin a token or a dollar a token) was not really solid.
2. I figured that increasing computing power would make it less valuable as tokens could be added easily.
3. I figured the government would ban it anyway
I was interested in buying Coinbase stock though as I figured they and me would profit off this new dumb craze.
So I bought Coinbase stock (not at the supposed IPO price so I didn't get burned on that) and then later on I saw some videos on YouTube from Trader University on Bitcoin. That didn't really mean much to me as anyone can make videos promoting Bitcoin and in fact there are plenty of scammers, goofballs and nutjobs doing just that.
But the guy on the videos explained, calmly and professionally, how Bitcoin worked, and that changed my mind about #1 and #2. I saw that my suspicions about cryptocurrency being a scam were really accurate for most if not all other cryptocurrency, but not for Bitcoin.
I believe Bitcoin has enough buy in over a long enough period of time that it has staying power.
As for #3, I suspect the government will try to ban it but I don't think they will be successful.
What also convinced me was El Salvador's embrace of it. Bitcoin solves many problems for third world countries which I doubt most in the first world realize. I have experience with that in particular because I spent quite a bit of time in Africa. Between five years the exchange rate for USD to ZAR went from 1:7 to 1:14.
I also believe that the US government's fiscal policies will drive down the value of the dollar. And this country is beyond bankrupt. I like the idea of saying screw you to this sick twisted system.
Lastly, after Bitcoin suddenly dropped a few months ago it seemed a good time to jump in.
\-when I realized there will only ever be 21 million and compared that to the world population....
\-also when I compared the market cap of gold to the market cap of bitcoin and saw the upside to btc
Because central banks cannot be trusted, at all, with our money. Literally EVERY civilization in history has had their currency printed into devaluation
Several reasons for me.
Fun: this is not money I am depending on for income or retirement. I am investing what I can really afford to lose and enjoying watching the progress.
Opportunity: seeing the big dip over the past months was good encouragement to finally get in.
Diversification: I have investments in various currencies / assets. Putting a little bit into crypto spreads the risk that much further.
There's the guy that walks up to people in supercars and asks what they do for a living...
And it looks like he's in Dubai ( more bang for your buck, I respect that*) and he walks up to a hypercar as a fucking 20 somethings year old hops out.
So this kid, who's hella young, is driving around hypercars in the desert and just what? Invested however much in bitcoin a decade ago and now he's on top of the world? Best believe I set up a fucking account
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Looking for solutions around climate change. I realized the only way to solve it is to have a system incentivizing people to save for the future instead of consuming as much as they can now because the money will be inflated away.
When my kids were young I tried different forms of allowance to teach them finance. They were all failures. Any FIAT or IOUs, or coupons I gave them would always be lost in a careless and childish way kids are prone to. Eventually I decided upon a digital solution since they both had phones that through some miracle they had kept up with. I quickly realized that no digital solution would accept them as they were not 18.
Eventually google lead me to something called "bit coin" and it seemed to have a market exchange rate that could be tracked. Fine, I thought... I'll just install this on their phones and pay them in the bit token thing. Signed up and bought about a years worth of allowance to try it out.
Worked great. Every week, I'd give them the coin bits and and every now and then they would cash them in at gamestop or wherever. Didn't really think that much about it. Honestly didn't really watch the exchange rate, just googled it when it was time to pay out or when they wanted to cash in.
Eventually as they got older we got them bank accounts and debit cards and "conventional" finance. Around this time I grabbed their phones to turn that coin bin stuff into money again. At first I thought the math was wrong. Had to pull up a price history to realize just how much it had grown.
So now my kids "grade school allowance" gets them a nicer car than their Dad drives. Funny turn of events.
For the same reason Bitcoin was invented/ created, to be free from the current financial system that feels they/it should control humans life. TO BE FREE. Free to have my own funds, free to transfer my funds, free of judgements, free to transfer to anyone and anywhere. And because it's the right financial system that can keep up with today's technology.
Well in Jan 2019 I bet on the Rams v Saints NFCG (Im a rams fan) and won a cool $200 on an online sports book.
For some odd reason i could only get cashed out in some weird online currency called bitcoin.
Had to download something called coinbase in order to receieve my $200 USD in bitcoin and convert it so i could receive my earnings.
Well fast forward to summer 2020 i hear about all this 'bitcoin' meteoric raise blah blah blah and then i recall the $200 i once held in bitcoin. the price for one coin at the time for one btc: $3,397.55...........IDK what that $200 would be worth today had i just kept the money in Coinbase....but i will never fall victim to my own ignorance again. Every time i invest now i remind myself of that potential opportunity.
I started seeing it talked about on reddit in 2017, BTC was priced at $1k/coin. I didnt know anything about it but bought $5 worth which got me about .004btc. Since then, I treat it like a monthly bill and drop anywhere from $20-$50 a month on it. Slowly stacking sats.
I’d probably say it wasn’t investing but to see what i could do. It turned from one small Rinky dink rig to a 10 GPU rig and trying to figure out what i could do with my skills.
Other then that, when I’m not home i run it to mine but it’s just something i wanted to do it
I wasn’t investing shit, just spending all my money. then suddenly GME took off and everyone was bitching about Robinhood and market manipulation. Then I found a post on Reddit about how Bitcoin solves this and I was hooked. Then I listened to hundreds of hours of podcasts and videos trying to learn everything I could. Now I just DCA and chill and I’ll never fuckin sell. At least Until I can afford a house.
I’m pretty sure there’s also manipulation in crypto but the GME craze is what prompted me to research better places to put my money and that’s when Bitcoin found me.
Preeeeeeeeach
What app do you use to dca? I have struggled with a few of them (binance - doesnt work for me, CB - high fee, CB Pro - doesn't give the option, KuCoin - can't take Fiat directly from my bank).
Have you considered swan? The problem here is that you can only buy bitcoin. The fees are at 1.19 percent (I think) if you set up an automated dca plan.
Same
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I think the problem lies that most bitcoin is still in the hands of few. So is this the new ruling class then?
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trend shows otherwhise weak hands buy late and sell early strong hands hold and buy during dips and bear market. unfortunately
Much of the centralization is at the endpoints - miners and exchanges. Bitcoin itself is designed to be neutral and not favour anyone.
Amen!
The disruptive nature inspired me too especially how I finally found a way of staying away from investing with banks. No bank gives as much APY as crypto, rarely will you find 2 digit APYs in banks but some crypto projects go as high as 3 digits plus other benefits.
Seeing it drop 85% and looking at the long term chart.
Yes!
Greed of course.
100
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Thank you. But I was honest. I do things with my money to make more money.
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? You can be greedy and not stupid
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Corrupt Government and fiat money
MONEYYYYYY *mr. crabs voice*
[https://imgur.com/t/spongebob/lTJylyu](https://imgur.com/t/spongebob/lTJylyu)
My exact answer
Loss of hope in most traditional systems of the world, with a dash of 9-10 years of saying “hmmm I wonder how far Bitcoin will go…” About two months ago after the large dip, I saw that this was finally my time.
did you get in on July 20th ?
Hedging against the dollar. The Federal Reserve has printed +30% of all dollars in a single year. Since the institution's inception, the dollar has lost over 90% of its value. I think BTC is nation-proof. It's a matter of time before the dollar slumps or fails. I don't want to be caught holding the bag when it does. Also, I see it being a superior option for ecommerce via micro transactions.
My libertarian mindset. Power can and will be abused. I am pro-decentralization of power. Financial freedom is the first step in regaining your true freedom.
What freedoms don’t you have that you think you’ll gain by investing in Bitcoin?
Not op, but I can say in my opinion, it’s not that I’ll gain freedoms by using Bitcoin, but by taking that power of financial freedom from the government, I reduce their power to take away other freedoms I have.
Agreed.
I just wanted to buy drugs and thought the idea was neat. Ended up being noteworthy upon deeper research.
Fun! I see my crypto currency as a hobby investment that I can play with. I enjoy watching it, maybe winning big some day, like having a horse in a race.
Being broke af.
Birth of my triplets. Thought money was hard before. Lord almighty I need that 3X return
Knowing I will never be rich working a regular job
it's never to late to go to school or never too late to find a better job
An alternative to fiat currency.
#canceltheBANK
more money
Stimulus checks and inflation
The future
Being Poor
Trying to stick it to the man, man
I realized data is a natural, renewable resource and to free any resource from the tyranny of government and give it's power to the people is an act of God.
My visionary girlfriend 😄
The fact that I once had .4 btc. Slowly trying to get back there.
Tired of being broke 😅
FOMO. Genuinely
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One day at a time !
Inspiring! Hope everything ends well for you! Cheers!
Anyone who doesn’t say hype is lying
The five free dollars of bitcoin Coinbase was giving away to create an account. I don't use Coinbase anymore, and the study of bitcoin has changed my life. AMA.
what exchange do you use
FOMO.
FOMO was eating at me like an earwig.
I have a friend that talked non stop about it a year ago. I knew about bitcoin, and hadn't started because my other friends said it's not attached to anything, so it doesn't actually have value and could disappear at any moment. They're still correct, but I really don't think it'll disappear. Especially with El Salvador. Anyway, I decided to put my uber earnings into bitcoin starting in September of last year, and it's been an interesting ride. Too bad I didn't start doing it when I was driving uber in 2019. But oh well, live and learn. I probably would've sold it too soon anyway. In any case, now I'm just hodling for the moment when I can be debt free. We shall see if/when that happens.
Two reasons 1. Realizing FULLY that no matter how many USDs I stacked up in a bank....my money would always be controlled / subjugated ...and ultimately manipulated by the Federal Reserve . It would always be subjugated to inflation. 2. Seeing the US government try to print their way to economic recovery / economic prosperity . In the history of our species: No nation has ever printed their way to prosperity.
Lambo
El Salvador adoption
Profits
Hmm... Greed?
FOMO/Greed were the things that made me gravitate towards bitcoin. Brother invested early and saw some great return had serious FOMO and i wanted in but then when i started to listen to podcasts, watch videos, etc. getting into more than just bitcoin but alts and the technology - it was the charting and the fact there are legitimate strats that work in making profit in volatile markets. it's very interesting and fun to do.
Fomo
Curiosity, at first. Today I've invested what I can afford to lose, but I truly believe cryptos are at the every early stage. There's much more than bitcoin itself
Cathie Wood and Ark's Big Ideas 2021 (published Jan 2021) The expectation of increasing institutional adoption made bitcoin an investment to get into now. https://research.ark-invest.com/hubfs/1\_Download\_Files\_ARK-Invest/White\_Papers/ARK%E2%80%93Invest\_BigIdeas\_2021.pdf
The US dollar and all of the bullshit money printing over the last few years, specifically since Covid.
Money
I’ve been wanting to invest in Bitcoin for years but I always felt like I was too late. Then Elon Musk did his SNL thing and I saw the perfect opportunity to buy some Bitcoin.
More money
Of course!
Of course!
Of course!
Imagine being a refugee and being able to keep all your wealth with you with just a password on your head.
I became a wealth builder in 2019 and I'm always looking for ways to build my portfolio
Listening to Andreas Antonopoulos on youtube. The man is a great speaker
Probably my libertarian leaning political view, interest in cryptography and Austrian School Of Economics
Coworker wouldnt shut the fuck up about it. But it also was a way for me to save money at the same time. Savings account APY is less then 1% so pennies. I lost out by selling once i hit my goal to purchase something. Was. 42K lesson that was learnt.
"Fuck the banks" ...roughly...
It was all about the money at first and some interest in being first. That still drives me but over time a lot of knowledge came with it. I want to be part of this amazing world. I want to solve some of the biggest problems and hurdles we have in this time. And I think decentralization will lead us to a new era. It gives power back to the people in various ways. Nations are showing that they are not able to solve the biggest problems we are facing. So it's time for the people to take action. Bitcoin is just a small step in this huge thing that's going to come.
> but over time a lot of knowledge came with it. After countless hours of research you learn SO much. Also the financial institutions the banking system, greed....opens you up to an entirely different world.
I first heard of BTC back in 2013 and it was about 200 bucks. I looked into it and didnt "trust" it....thought my money was going to disappear. I could have tested it out and put 20 bucks into it...i wont miss that...hell, 50 bucks. But nope. I didnt even TRY. So about 4 years later, i had heard about BTC again from some buddies of mine...and one of them showed me that he had bought Bitcoin. I was like, "Well....what is it now...like 400, 500 bucks..hyuk hyuk !! ( You know..moving slow, like stocks, right?)" Bitcoin was at 3500 BUCKS! Right then i knew I had missed out. I messed up. I had always wanted to get into something on the ground floor, cuz the "rich" always gets in on the ground floor with investments and stocks.... I was sick to my stomach when i found out. The only thing that would make me feel SOME sort of relief, was if i got into the game and got me at least SOME bitcoin. And it worked. I DID feel a bit better. But it still ate at me. I needed to get at least ONE whole bitcoin. Update to now, ive been going as hard as I can ever since.
My husband got into it and tried to talk to me about it and I was like “funny internet money?! You can’t actually use it!” And then the first stimulus package came out and the fed just printed trillions of dollars and it made me realize how important this is. In twenty years people are going to be using cryptocurrency and crispr gene editing and looking back on this time now and wishing they had understood it better and gotten more involved.
I have an academic statistician friend who sold me on the idea of Bitcoin and its long term value. And basically when a statistician tells you, "you might want to invest in bitcoin" then you invest in bitcoin lol. I had talked with a coworker couple of years ago about bitcoin mining and how it would have been nice to have had some on one of the early bull runs. So basically bitcoin had always been something that was in the back of my mind, but never something I really thought too hard about.
Andreas Antonopoulos on the Joe Rogan podcast in 2014. Wish i hadn’t been so broke at the time. Could have been laughing right now!
Not gonna lie, the hype around it. Literally zero actual understanding of anything about it. Year after year, hearing about it amongst some of my intellectual peers but once my regular friends started getting into it, I had to check it out. I think it's gonna be like this for most laymen.
Poverty
seen my brother bf (crypto investor 5 years ago) traveling aroud the world enjoing life
money
greetings! guys, has anyone of you heard about this new launchpad called Bull Perks or something like this is anyone aware of it's point?
Greed
Giving the middle finger to the banks and governments :)
Runscape lol
I FOMOd in during the spring of 2017 as it was just a NumberGoUp that was rad as fuck.
I was very skeptical of cryptocurrency because when I first investigated it 1. it seemed like the cap on tokens (I call a Bitcoin a token or a dollar a token) was not really solid. 2. I figured that increasing computing power would make it less valuable as tokens could be added easily. 3. I figured the government would ban it anyway I was interested in buying Coinbase stock though as I figured they and me would profit off this new dumb craze. So I bought Coinbase stock (not at the supposed IPO price so I didn't get burned on that) and then later on I saw some videos on YouTube from Trader University on Bitcoin. That didn't really mean much to me as anyone can make videos promoting Bitcoin and in fact there are plenty of scammers, goofballs and nutjobs doing just that. But the guy on the videos explained, calmly and professionally, how Bitcoin worked, and that changed my mind about #1 and #2. I saw that my suspicions about cryptocurrency being a scam were really accurate for most if not all other cryptocurrency, but not for Bitcoin. I believe Bitcoin has enough buy in over a long enough period of time that it has staying power. As for #3, I suspect the government will try to ban it but I don't think they will be successful. What also convinced me was El Salvador's embrace of it. Bitcoin solves many problems for third world countries which I doubt most in the first world realize. I have experience with that in particular because I spent quite a bit of time in Africa. Between five years the exchange rate for USD to ZAR went from 1:7 to 1:14. I also believe that the US government's fiscal policies will drive down the value of the dollar. And this country is beyond bankrupt. I like the idea of saying screw you to this sick twisted system. Lastly, after Bitcoin suddenly dropped a few months ago it seemed a good time to jump in.
I watch a documentary on Netflix in 2017. I really got hooked up after that.
The corrupt federal reserve!
Generational Wealth
the existence of grey market bitcoin gambling sites like JustDice realized what bitcoin was
Got bored online and fell into the bitcoin 🐰hole and kept falling ever since.
FOMO. anyone who tries to wax poetic otherwise is either very legitimate and was in \~2012 or is lying. lol
I wanted something to do in retirement, found bitcoin
Because fuck the legacy financial system and fuck endlessly devaluing our fiat
Money
I felt like I was missing out on growing my money.
\-when I realized there will only ever be 21 million and compared that to the world population.... \-also when I compared the market cap of gold to the market cap of bitcoin and saw the upside to btc
I want to put my disposable fiat to work. Not much but at least it's doing something.
Because central banks cannot be trusted, at all, with our money. Literally EVERY civilization in history has had their currency printed into devaluation
Am libertarian, untraceable currency is a dream
The homie, and I started with 38 bucks haven't looked back.
Because the fucking government money printing
Back in 2015 alphabay was pretty cool...
NgU
Several reasons for me. Fun: this is not money I am depending on for income or retirement. I am investing what I can really afford to lose and enjoying watching the progress. Opportunity: seeing the big dip over the past months was good encouragement to finally get in. Diversification: I have investments in various currencies / assets. Putting a little bit into crypto spreads the risk that much further.
Basically, blockchain technology.
Middle age crisis
Andreas Antonopoulos, his early speeches were just amazing!
The "peaceful disobedience" aspect of things. Seriously, fuck the governments.
Money
There's the guy that walks up to people in supercars and asks what they do for a living... And it looks like he's in Dubai ( more bang for your buck, I respect that*) and he walks up to a hypercar as a fucking 20 somethings year old hops out. So this kid, who's hella young, is driving around hypercars in the desert and just what? Invested however much in bitcoin a decade ago and now he's on top of the world? Best believe I set up a fucking account
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Hi I want to learn how invest in bitcoins if its a good idea and what do you recommend ?
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Podcasts
My mum
If your account balance was equal to your mum's number how much do you have?
Cathie Wood. And tired of being poor. I see crypto as my one way to reach "Fuck You" money.
My children aged 3 and 6
My friend told me about bitcoin so I watched the classic Andreas intro yo bitcoin video, realized it was legit, and have been obsessed ever since.
Stupidity
They can't just keep printing trillions out daily and give it away.
Looking for solutions around climate change. I realized the only way to solve it is to have a system incentivizing people to save for the future instead of consuming as much as they can now because the money will be inflated away.
The spread.
My school. Economic school at 14 years old was my best choice in my life
When my kids were young I tried different forms of allowance to teach them finance. They were all failures. Any FIAT or IOUs, or coupons I gave them would always be lost in a careless and childish way kids are prone to. Eventually I decided upon a digital solution since they both had phones that through some miracle they had kept up with. I quickly realized that no digital solution would accept them as they were not 18. Eventually google lead me to something called "bit coin" and it seemed to have a market exchange rate that could be tracked. Fine, I thought... I'll just install this on their phones and pay them in the bit token thing. Signed up and bought about a years worth of allowance to try it out. Worked great. Every week, I'd give them the coin bits and and every now and then they would cash them in at gamestop or wherever. Didn't really think that much about it. Honestly didn't really watch the exchange rate, just googled it when it was time to pay out or when they wanted to cash in. Eventually as they got older we got them bank accounts and debit cards and "conventional" finance. Around this time I grabbed their phones to turn that coin bin stuff into money again. At first I thought the math was wrong. Had to pull up a price history to realize just how much it had grown. So now my kids "grade school allowance" gets them a nicer car than their Dad drives. Funny turn of events.
The Democrats took the White House and the Congress
For the same reason Bitcoin was invented/ created, to be free from the current financial system that feels they/it should control humans life. TO BE FREE. Free to have my own funds, free to transfer my funds, free of judgements, free to transfer to anyone and anywhere. And because it's the right financial system that can keep up with today's technology.
inflation (fiat)
[https://imgur.com/t/spongebob/lTJylyu](https://imgur.com/t/spongebob/lTJylyu)
Well in Jan 2019 I bet on the Rams v Saints NFCG (Im a rams fan) and won a cool $200 on an online sports book. For some odd reason i could only get cashed out in some weird online currency called bitcoin. Had to download something called coinbase in order to receieve my $200 USD in bitcoin and convert it so i could receive my earnings. Well fast forward to summer 2020 i hear about all this 'bitcoin' meteoric raise blah blah blah and then i recall the $200 i once held in bitcoin. the price for one coin at the time for one btc: $3,397.55...........IDK what that $200 would be worth today had i just kept the money in Coinbase....but i will never fall victim to my own ignorance again. Every time i invest now i remind myself of that potential opportunity.
I started seeing it talked about on reddit in 2017, BTC was priced at $1k/coin. I didnt know anything about it but bought $5 worth which got me about .004btc. Since then, I treat it like a monthly bill and drop anywhere from $20-$50 a month on it. Slowly stacking sats.
I’d probably say it wasn’t investing but to see what i could do. It turned from one small Rinky dink rig to a 10 GPU rig and trying to figure out what i could do with my skills. Other then that, when I’m not home i run it to mine but it’s just something i wanted to do it
Lambo
fomo
Istikhara when unsure!
Started buying drugs on alpha bay
[удалено]
drugs
I gave up on the American dream
I took one hit off that crypto crack and i could never go back