Some very smart people are still missing the boat on Bitcoin

in bitcoin •  4 years ago 

I have seen a couple statements lately that prove to me that people are still missing the boat on bitcoin

I saw a statement by someone saying they won't buy bitcoin because it's max supply isn't set in stone.

He said he understood how incentives will likely discourage miners from every trying to change that hard cap any time soon, but it's still theoretically possible but not likely.

And second of all and even more importantly, it's not even going to be an issue for over 100 years!

Anyone expecting it to happen anytime soon are going to be disappointed and shocked when they learn it's more than a century away.

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(Source: https://bitcoinexchangeguide.com/bitcoin-store-of-value/)

Bitcoin is a good store of value because it has a fixed supply.

It's easier to move than gold and it's incredibly liquid.

Imagine trying to move a billion dollars in gold or sell your multi million dollar painting quickly.... or sell your multi-million piece of property.

There is nothing quick or easy about any of that.

Plus you can send it anywhere quickly and cheaply.

I read something about a wallet transferring hundreds of millions and paying mere dollars to complete the transaction which completed in minutes..

Impossible in the legacy financial system.

That's why bitcoin is attractive as a store of value.

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I am recommending people buy what they can now. I realize it could dip at anytime, but it seems prudent to get a little every week and plan on hodling.
I suppose you are just holding at this point? Do you think it's advisable to convert earnings on Steem and Blurt into Bitcoin?