Crypto 360°

Monday, 25 April 2022

5 REASONS WHY BITCOIN IS GOING TO ROCKET

https://link.medium.com/4iTwnQIEupb

submitted by /u/SnooDucks8685
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source https://www.reddit.com/r/btc/comments/ub001i/5_reasons_why_bitcoin_is_going_to_rocket/

Sunday, 24 April 2022

My dad doesn't believe in Bitcoin. His arguments:

1) Lands will just follow China and in the end Bitcoin will be fully banned everywhere.

2) If the internet ever gets shut down because for example of a big world war then Bitcoin would become useless.

I'm very bad at explaining and I don't really have solid understandable answers for him so I was wondering if maybe you guys have some good counter-arguments I could use. Keep in mind he's 70+ years old and believes fully in Gold.

EDIT: Wow seriously thanks for all the great replies! Very interesting! I'll forward the best ones to my dad and what he decides to do with them is completely up to him. After that i'll just let it be because yes I agree it doesn't really matter.

submitted by /u/AgileLogicc
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The hidden benefit of saving in bitcoin.

It's been over a year since I decided to start saving via bitcoin. I've been buying as much as I can with whatever source of money coming in and have been consistent at it.

A while ago I was thinking that since I have been saving in bitcoin my net worth hasn't really increased at all, since the current price of bitcoin is below my average purchase price.

But in reality, inadvertently my net worth has increased tremendously. Before I got into bitcoin I was already disciplined with saving and always put away an amount from the beginning of the month. But it's just that actually, since I started bitcoin, I save a hell of a lot more. I am much less consumptive and I have become an "ambitious" saver.

That has a direct effect on my wealth, and that is that even though I am "at a loss" in bitcoin, I have more money than I would have had without getting into bitcoin because I had no incentive to save with that intensity.

This is actually the hidden benefit of saving more, not saving in bitcoin in particular. It's just that bitcoin makes it easier.

submitted by /u/krisycoll
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