Thursday, 28 May 2020

Hodling Bitcoin is like purchasing domains

Simply put, buying and holding bitcoins is like buying domain names in the early 1990s or registering Twitter handles in 2006.

If you got any of the three character domains in the 90s and held onto them you would have the option to sell them for 7 figures today. Likewise if you registered on Twitter as ATT or IBM or some other relevant brand you could sell that account today for a similar amount.

Where Bitcoin beats these, however, is insofar as these accounts are more or less valuable depending on existing organizations, while all satoshis are equal in value.

We are in a land rush, and dollar cost averaging is the best way to stake your claim. This is just one more reason to stack those sats.

submitted by /u/DrDankMemesPhD
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