Legit point. Next post will wake you up at 100k
Well, you are right! But I see these messages not at their face value, but as an expression of general FUD/FOMO feelings.
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ATH against CHF. Last in Nov 21. (hopefully adding value to the discussion)
Has someone said 72? 
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Investing into BTC is like picking up gold bars in front of a blood cast steamroller…
For some it’s “investing”… and for others it’s the next sound monetary system.
Those criminals and gamblers have been busy buying, crazy!
… The size of a toy
I am curious, so i am going to ask
What is the main reason for someone to invest money in bitcoin
- It is a store of value and hence protection against loss in value of FIAT currency (this should be hedge against inflation I guess)
- It is way to be part of a very large business opportunity using blockchains to transact monetary transactions. So in other words, buying bitcoin is like buying share in this big decentralized bank (more like investing in a stock of J P Morgan at some point of time)
- It is just a way to speculate and trade but not to invest for a very long term
Please share your reason and you can always add OTHER. I feel that the purpose of this blog is to share sound investment concepts. But on this thread it appears it is more about who has bitcoin and who does not.
So just trying to seek opinion to make some informed decisions.
Mine:
- Store of value (finite amount)
- Reaction against the governments and financial systems (permissionless)
- Fantastic technology with deep ramifications in adjacent industries like education, energy and finance (proof of work)
Fix the money = fix the world
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Sell it higher at some point is definitely my use case, or Fire holding it through leverage.
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Keynes is wrong. Bitcoin will be the next “(digital) gold standard”… and what @Oliv said.
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Which one of these would be your main reason to invest? Is store of value #1 reason ?
Since we do not have a Gold standard anyways for many years, why would you suggest that it would be next (digital) Gold standard?
Are you implying that we need a Gold standard in first place?
We need sound money. This time with Bitcoin. Read “The Bitcoin Standard” (Saifedean Ammous). Me, as a economy layman, I understood the book and it feels right.
Basically…
high vs low time preference
more vs less government
Keynesian/Monetarist vs Austrian School of economics
war vs peace
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Thanks for sharing. Interesting point of view.
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I suspect that for most BTC investors its 3) speculate but don’t invest for the very long term (which is ok).
The problem is with those investors that don’t admit it (as a hedge for their downside risk and to improve their upside) and the ones that don’t get it. For them, the journey can go terribly wrong.
As long as you know what you are doing, there is nothing wrong with speculating - but please don’t try to to pull in other people as this could go very wrong for them…
Personally, I am a no-coiner.
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2020 would have been pretty interesting without any central bank lever, I wonder how high unemployment would have gone up (likely high two digits percents).
I guess it’s part of the libertarian dream 
root cause of such are central banks and money printer (but again I’m to dumb to explain such stuff)
For full disclosure, I have <1% of my invested money is in Crypto (60% ETH and rest BTC). It was mainly for speculative reasons (a bit of FOMO too). I like ETH more as I think its use is a bit clearer to me (smart contracts) but still have no way to value it.
For me store of value does not matter much because i dont invest in gold anyways. So if it should behave like gold then I do not really see much interest versus equities.
The point i am most curious about is #2. I have a feeling that amidst the euphoria the underlying potential is getting lost a bit.
I‘m with @SwissTeslaBull
I use crypto to reach my FIRE goal.
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