I am sure everyone here at some point wondered why your parents didn’t invest in Apple, or Microsoft or other companies when they were just a dollar or so a share? Ever wonder why your parents didn’t buy some homes or land when it was cheap? Today I got my answer.

I was taking my dad early in the morning to an appointment he had. After he was done we went to breakfast. Out of nowhere I see a bitcoin ATM in the distance. We walked over and I got some, not a lot because it would upset him. He is against bitcoin even though he does not know what it is.

My dad has been buying stocks for 50 years, and never once does he buy into anything early on. He is always coming late to the party, I think most people are like this.

I can give you 100 reasons why you should not buy bitcoin, but those reasons will not be valid in 3 years from now given the rate of innovation and adaptation.

One day my daughter will ask me why I didn't buy more when it was cheap, my answer will be because I didn't have more money to buy, not because I thought its going nowhere.

submitted by /u/jchang23
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Bitcoin – The Currency of the Internet

If you’re here for the tech – 1st year with skin in the game.

I’ve watched bitcoin for years. I remember when I first heard about them. They were 100’s for a few cents. I paid it no mind. I remember when they hit $ 50 a coin. I was blown away. I looked into the tech a little. I remember them hitting $ 100 coin. A couple months prior, I had ordered a knc miner a and got frustrated it wasn’t shipping so I charged back the order. I questioned taking the money and just buying and securing a few dozen coins. I remember when it hit $ 1000 a coin, knowing all about it and having a friend rub in my face I missed my chance. I remember my friend coming back a year later telling me he sold too soon and wanted to get back in. I remember talking about hardware wallets, exchanges, and buying in for the first time.

That was Sept last year. I’m now 50% down. And my spine just started tingling.

You see, while I’m 50% down, I’m excited to see what the next few years bring us. The tech forming around us, the investments coming in, the use cases we find for it. I look forward to hearing more about adoption and making better tools for people that struggle to understand why this is such amazing tech. I’m anxiously awaiting the calls of people asking me how to purchase it and how to store it.

Right now kinda sucks for me. I really wish I had waited the year. I wish I had double what I had! But you know, this last year I learned about crypto. I dove into the tech and enjoyed the ride and learned to keep from puking when the price took a dive. My investment was never about the year… and I don’t wanna be rich. This was about 2022 and just a leg up on the coming life we’ll all have.

In the next 5 years we will see if and what populations will accept this transition. We will see those who want to take responsibility for their own financial assets and finally walk away from traditional money step forward. We will see if currency can extend far beyond boarders and the control and a few select parties. We’ll see so much that we already knew was coming and be elated about its arrival still.

Yes I’m nervous… yes I’m scared. There is always a chance for failure no matter how small. There is always a chance we don’t get to make the journey as heros or if at all. There is a chance we never leave the ground at all.

Gents…. I believe this feeling is the closest many of us will ever get to being strapped into a rocket, staring up at the sky moments before liftoff surrounded by propellant and excitement.

We will go standing on the shoulders of giants. Of friends and foes alike and the collective knowledge of a species hoping to better understand the ways it interacts with itself.

I finally understand why you people feel like you’re going to the moon… and I’m so glad I jumped in with you. Let’s take a ride!

submitted by /u/rrdrummer
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Bitcoin – The Currency of the Internet

As a 2013 Hodler, here are some observations of what’s going on:

Here are some points so here it goes:

  • Fork. Obviously the BCH fork has caused massive price swings. Whales, bankers, probably the 3 stooges Craig, Ver, and Wu all selling their BTC to make up their agendas thus causing the price to drop, weak hands see this and the price drops even lower. Some conspiracy: Some of these guys did this on purpose to make tons of money shorting and buying at the bottom, if someone could make tons of money who wouldn't?

  • Holidays, TG and Christmas are times of year when people actually need extra money for presents and traveling. Combined with the price drop this is a recipe for people selling out of necessity.

  • Tech has improved. The Bitcoin network is strong, LN is getting stronger. Basically nothing about Bitcoin's inner workings has changed or been compromised which means that it has a bright future ahead of itself.

  • Hodling. All these new people coming in from last year's all time high have not experienced a crash of this size. As a hodler from 2013 this would probably be like the 4th or 5th crash and its just like a rainy day that eventually goes away. If you are new, this whole thing has happened before and it will happen again. Patience is key.

  • Price. This is what everyone is talking about with predictions and which way will it go. Personally I think (which is just an opinion), that the price will go slightly lower due to Christmas time with the whole I need cash thing, but will go higher at some point in 2019 due to the 2020 halvening scheduled for sometime in the middle of the year. People are going to start accumulating in anticipation of this. Every halvening there has been a price increase due to the Block reward cut in half.

  • FUD/Memes. Do not trust anyone (yeah that includes this post) on what is going on. Do your own research and do some critical thinking. FUD is spread around for agendas and getting weak hands to sell. Memes are of course fun and they help refocus on the current matters. Just think for yourself and stick to your own plan.

  • Conclusion. If you made it this far, thank you for reading my rant. Many people are feeling down about the market at this point but the inexperienced do not know this has happened many times before and this will happen again.

The market is very easily to manipulate, it always has been since there is little regulation and oversight on the whole thing. It is a day trader's dream with no regulations and manipulating the market whenever there is an event going on unlike the restrictions placed by the SEC on the stock market.

Put in what you can afford to lose. This means if you throw in $ 100 on BTC or any crypto consider it gone. This will help ease the mind. When I first started I stared at the numbers going up and down and getting worried all the time. Some advice I read was "Don't worry about the price, if you believe in the future you have nothing to worry about."

If you truly believe in the project you really have nothing to worry about. Just wait and be patient. 2020 will be the next interesting time for Bitcoin.

submitted by /u/AdvancedExpert8
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Bitcoin – The Currency of the Internet

Adoption! A Big Venezuelan deparment store chain started accepting crypto as payment! Thanks to your donations I bought with $260 in BTC over 800+ items (school supplies and clothing) to be donated here in Venezuela to kids in need! Real Adoption and Real Help!

Adoption! A Big Venezuelan deparment store chain started accepting crypto as payment! Thanks to your donations I bought with $  260 in BTC over 800+ items (school supplies and clothing) to be donated here in Venezuela to kids in need! Real Adoption and Real Help! submitted by /u/ImViTo
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Bitcoin – The Currency of the Internet