Wednesday, May 8, 2019

[uncensored-r/CryptoCurrency] Dad, why didn't you buy 1 bitcoin back in 2019???

The following post by dbaker102194 is being replicated because some comments within the post(but not the post itself) have been openly removed.

The original post can be found(in censored form) at this link:

np.reddit.com/r/ CryptoCurrency/comments/blmeym

The original post's content was as follows:


In 20 years time, I wonder if anyone here will face this question from their kids.

Take a look at this: https://coin.dance/volume/localbitcoins

Looking at the above chart we see ongoing OTC demand for an asset where there's only 21 million units. Keep in mind every halving event reduces supply even further. Eventually there comes a point where price must rise, it's inevitable in a world where population is increasing at a rapid rate (360,000 babies are born each day) and turmoil is rising. This should result in demand for an asset that can be moved with relative ease.

A lot of people in the public think Bitcoin is a fad, completely ignoring the fact we are living in a world whereby digital money is being embraced by a new generation of humans. If this demand continues, in 20 years time, kids will be asking their dad why they didn't own at least 1 bitcoin "back when it was $6k each". Dads of the future will then have to go through all the same crap their previous generations muttered, "Well son, if I had known property and land would be worth this much back in the 60's, I would of bought the entire neighborhood, it was so cheap back then, I didn't know these worthless houses would be worth so much". Failing to realize that world population was dramatically rising and had been well documented in the 60s.

Hopefully Reddit still exists in 2039.


No comments:

Post a Comment