I don’t know what tomorrow will bring. I don’t know what cryptocurrency will look like in 10 years. I have no idea what cryptocurrency projects will fail and which will succeed. I have no idea if prices will go up 10 fold in the next month or down another 50%.
But I do know one thing. The world has never known anything like the monetary protocol that is bitcoin. Bitcoin is king.
Unpopular opinion: Bitcoin is the only proven tech in the cryptocurrency space. The only cryptocurrency that has proven its utility, security, liquidity, and long term growth. Bitcoin has more strong development work going on behind the scenes than any centralized project (most other cryptos).
None of us would be here right now, if not for Bitcoin. Bitcoin is an automated consensus to a ruleset, which is it’s monetary policy and transaction network. A fundamental misunderstanding of what makes Bitcoin valuable is why so many fell for the bcash scam or why anyone believes that any altcoin will replace bitcoin as THE sound monetary protocol. Bitcoin is the only option for an economically asymmetric, sound, censorless hard money to exist in the digital economy.
Do I hold some altcoins for the gains? Do I hold some altcoins because I believe the crypto space will do nothing but continue to grow year after year? Do I believe cryptocurrency has the potential revolutionize various industries? All yes. But none of them will replace Bitcoin as THE sound monetary protocol.
Understand that there is a difference between buying bitcoins (with the intentions of the long term hodl) and speculating on altcoins for long term gains. Bitcoin is sound money. Bitcoin is the future of transaction. Bitcoin is the protocol, and the ecosystem is being built. Bitcoin will not go away.
Does Bitcoin have some issues? Absolutely. But don’t lose sight of the big picture. You invest in altcoins because the potential for returns are huge…but you invest in bitcoin because it is sound money. The soundest money. The hardest money. Even gold cannot compare. You should’ve bought bitcoin yesterday, you should buy bitcoin today, and you’ll need bitcoin tomorrow. You cannot go wrong with more bitcoins at any price level, for the long term hodl, because money is a tool, and sound money is the purest form of freedom of expression.
Get at least 1 Bitcoin. The sooner the better. Hodl. The day will come when this will no longer be achievable. I’m all for speculative investment, I love trading penny stocks for the big run gains…but there is no substitute for Bitcoin. There can only be one king.
If you understand this, you are ahead of 99% of the world in terms of the future of money.