It's probably a week since BTC is changing hands at around $39,000. It felt like it had become some sort of a stablecoin lately. Last night BTC almost touched $40,000, but this morning when I checked the market it was hanging at a bit over $38,000.
Who sold at these price levels?
That's the question that I asked myself at that time and it seems that @mindtrap was on the same reasoning side with myself. I know, you can have the chance to buy more, if selling now and it crashes to $30,000 or even lower, but is the risk worth?
I'd say it's not.
On the contrary, I am looking to add more, as I mentioned in a post recently and I'm probably never gonna sell it. It's simply not worth selling bitcoin anymore, I don't see it as a speculative asset anymore. It has the "fuck you money" stance from my side and it might soon become sound money.
Why?
Why wouldn't it... in a digital age salted with wars, not just in Ukraine(that's just the most advertised one), high inflation, decreasing purchasing power of almost every currency in the world, a war estate between "us and them", high levels of propagandas and manipulation, excessive government control and "international political warfare".
For almost four years I was in crypto mostly to make money. That was due to the fact that I was aware of the volatility of cryptocurrencies and the pretty stable side of fiat money trying to make more with less, something like buying low and selling high ;).
Everything happening in the world right now, and the whole situation sure looks more like a foreplay than the actual act points towards very harsh times ahead. Hence I no longer see it as a tradeable asset or even a speculative one.
It's the missile against tyranny, governmental control, hyperinflation, censorship, war, poverty, propaganda and even mental diseases... cuz yeah, one feels more relaxed looking at the world while owning bitcoin.
BTC is going to be worth $1,000,000 sooner than most are expecting, but that doesn't really matter because at some point we will have to at least mentally decouple from pairing it with any currency and instead see it as it is, or better said, as I described it above.
If we consider the Russia-Ukraine war as a black swan event then we have the second one in two years. Knowing how strong Bitcoin got after the first one, I can only imagine how is it going to be down the road. It's not about money making anymore, it's more about using it as shield. I guess that's what it was created for in the first place.
Thanks for attention,
Adrian
Initially Posted Using LeoFinance Beta
