I see a lot of people advocating the move 100% to bitcoin to replace fiat.
That is simply dangerous. Do not put all your eggs in one basket.
Bitcoin provides a lot of value from a technological point of view and has a lot of potential in the future that’s for sure.
From an economic point of view, no one knows what drives bitcoin prices, there is a lot of unpredictability, and a lot of shadowy actors in the markets.
So, it’s good to be invested in the bitcoin ecosystem but not fully for now, because although bitcoin has all the properties of a currency, you cannot buy much with bitcoin today.
This rant is coming from a good place, I don’t want people losing their life savings because of some misconceptions.
Amine /
npub1gx…gpuny
2023-03-13 17:18:07
Author Public Key
npub1gx9p06uv0fqrlv2nxsnylp0m0g6ax0sul37khmtppycardjt9vaq8gpunySeen on
wss://nos.lolPublished at
2023-03-13 17:18:07Event JSON
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"content": "I see a lot of people advocating the move 100% to bitcoin to replace fiat.\n\nThat is simply dangerous. Do not put all your eggs in one basket.\n\nBitcoin provides a lot of value from a technological point of view and has a lot of potential in the future that’s for sure.\n\nFrom an economic point of view, no one knows what drives bitcoin prices, there is a lot of unpredictability, and a lot of shadowy actors in the markets.\n\n\nSo, it’s good to be invested in the bitcoin ecosystem but not fully for now, because although bitcoin has all the properties of a currency, you cannot buy much with bitcoin today.\n\nThis rant is coming from a good place, I don’t want people losing their life savings because of some misconceptions.",
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