Would you rather owe 1 Bitcoin or own 1 Bitcoin?


"Duuuh of course I would rather have it instead of owe it", but that's not what's going on here, it's more a short/long scenario but put to practice among friends and family. This is basically asking if you think the monetary value of Bitcoin will go up or down over the next year(s), but I have found that asking it this way gets more detailed, colorful and often self-contradicting answers. This is a tactic interrogators also use since they are on a daily basis dealing with people who have all sorts of hidden reasons for not being entirely honest, so I believe that is the ideal perception and correct way for us to converse with these anti-Bitcoiners: As common low-life criminals. OK that's just exaggerated sarcasm of course but it still leaves the question, where will things go from here on out and do you dare to "borrow" 1 Bitcoin today to convert to fiat and spend on whatever, knowing you have to repay that 1 Bitcoin next year? Do you believe you are safe from a gigantic price increase in 2023 and won't have to pay +10.000 Euro extra for that same 1 Bitcoin you borrowed, or do you think it'll be a bargain and you will pay back e.g. only 15.000 Euro for the (almost) 20.000 you borrowed in Q4 2022?

The average hodler will of course never risk such a crazy thing right, even MicroStrategy who is stacking up on Bitcoin around the 21K/19K price range and now owns 0.62% of all Bitcoin in existence obviously does so because they would rather own it instead of owing it next year, but what does the average "crypto is a useless hype" crowd think? I know it's not exactly quantitatively solid research, but the three I personally know and asked all said they'd much rather owe it because 'blablabla just look at the charts blabla no real value bla'. OK fair enough, everyone has their own opinions and reasons for them. But then I thought they could put their money where their mouth is, I offered all three of them to "owe" me some Bitcoin. I said I'd "borrow" them the Euro monetary value of what Bitcoin is today and that we would bind ourselves to a fixed date say 6 months from now and they would have to pay me back the monetary value Bitcoin was worth on that specific date. I also mentioned that it didn't have to be a whole coin, just some sats or whatever they felt comfortable with was alright. And surprise surprise, not one of them dared to take the offer. Which was a good thing since I was for 99% bluffing.😼😸

Seriously, I'm wise enough to know you never introduce the dark complex temptations of money to friends and family, whether you give or receive it. It's another story if it's an emergency, but other than that it really is the relationship killer. My grandfather used to say "you give with your hands, you collect with your feet." Meaning when they need it they come to your doorstep to get it, when the time comes to return it, you'll be chasing them to get it back. I don't know what's up with that, people really change when medium-to-large sums of money are involved. I had this conversation once with a cook at a local diner I frequent, and he concluded he was glad he lost money that way several times to some of his very best and oldest friends. To him, it cost a few thousand Euros in total to find out how untrustworthy certain people in his life really were. He really seemed to be at peace with it so I didn't introduce the prospect that they might have been his close friends till the end if they never involved money into their friendship, since by his own admission they were there for him in some really difficult times over the years and like all friends they had their share of fights and disagreements but they always reconciled. Until the money criteria was introduced which eventually ended their friendship.

Anyways I digress too far, so getting back OT and to be absolutely clear, I have no time machine and have absolutely no idea if I would have actually made or lost money, I really don't know what's going to happen but that's not even the point of this proposal. The main point here is I proved that I believe in my stance enough to actually show it in practice twice, once with actually hodling Bitcoin itself and then again with those who are on the opposite side. While they apparently "know" everything and for some reason don't want to take advantage of their profound knowledge, prove me wrong and make some extra money on the side in the process.πŸ™ƒ Who's word would you believe to be more trustworthy and regard as more experienced or even choose to listen to as an advisory role?

  • Those who play football daily and claim they truly love the higher, faster and more difficult level of the game nowadays or those that only ever watched it on TV with chips and beer in their hand and claim football is easy or boring?
  • Those who preach for peace while having seen war upfront and personal before, or those who advocate for WW3 without ever seeing a single person getting killed up close?
  • Those who painted Mona Lisa, Haystacks and Night Watch, or those who say how easy it is to paint a portrait without ever having held a brush in their hand except for painting a wall?

You get the idea I think, the reason people are more and more leaning towards joining the Bitcoin revolution, is precisely because of the final product itself along with the consistent attitude amongst us which has been maintained for many, many years. Consequently, the reason sooooo many Alts either ceased to exist or are on their way out without any new users/volume is because of the attitude of those who are disappointed with the progress and failed delivery, which means they not only lose the old base but that the whole thing also keeps newcomers from taking a chance on it. But on the other hand, I guess some see those charts and think "oh wow, if it goes to back ATHs that will be a 100.000% increase of my investment, yeah, I'll take a chance on that." But that can't be enough to save a decade old project with little to no achievements can it?πŸ€”

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Geo-Political & Economical developments
Geo-Political & Economical developments

Things are almost never as they seem. If you sincerely think that world powers would spend their money and resources in order to just "help" citizens from foreign nations, you might want to ask yourself why they've been neglecting and out right murdering their own citizens for decades. What are their true motives for wanting to fund foreign (terror) groups, start global confrontations and wars? I'll let you in on a little secret; It has NOTHING to do with "human rights" nor "democracy".

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