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99% OF PEOPLE ARE IN CRYPTO TO MAKE MONEYWe all hear
- Crypto Revolution
- Blockchain Future
- Next BIG Thing
Not saying
isn't true, but- Let's be honest, you are in for $ right
- If you are in for change, let's get a
MEGA THREAD - WHY ONLY #BTC 
IS WORTH IT
1. What is Bitcoin
Bitcoin is a hard-capped, non-sovereign, decentralized immutable digital store of value.
Let's break it down.
Hard-cap: Max supply 21M.
Non-Sovereign: Can't be printed like USD.
Decentralized: No 1 controls it.
Immutable: Can't be altered.
Bitcoin is a hard-capped, non-sovereign, decentralized immutable digital store of value.
Let's break it down.
Hard-cap: Max supply 21M. Non-Sovereign: Can't be printed like USD.Decentralized: No 1 controls it.Immutable: Can't be altered.
2. Use of BTC.
I often hear
- "But i can't buy coffee with it"
- "It's too slow"
BTC is not competing with
- Paypal
- Visa
- Master Card
- Payment System
BTC is most secure computing network in world.
If market is NOT buying coffee with it- THAT SAYS IT ALL.
Contd
I often hear
- "But i can't buy coffee with it"
- "It's too slow"
BTC is not competing with
- Paypal
- Visa
- Master Card
- Payment System
BTC is most secure computing network in world.
If market is NOT buying coffee with it- THAT SAYS IT ALL.
Contd
BTC is competing with highest $ settlement layer
- Central Bank of CBs.
- Bank of International Settlements
It's the most-secure alternate payment protocol.
it's sitting at $9K in 2020 chaos,
So HODLing is it's USE
Contd.
- Central Bank of CBs.
- Bank of International Settlements
It's the most-secure alternate payment protocol.
it's sitting at $9K in 2020 chaos,
So HODLing is it's USE
Contd.
Check @danheld & @APompliano dropping on this.
HODLers are how set the price base and organically take it up.
Now it's institutions time to take over.
Contd
on this.HODLers are how set the price base and organically take it up.
Now it's institutions time to take over.
Contd
Several different stacks are being built on top of #BTC using LN, Liquid & more for fast Txn.
Payment goes through in 1 sec.
Check @fold_app.
I will create a seperate thread on this.
So it makes me sick when I hear
- "I can't pay coffee"
- "I can't play VIDEO games"
using LN, Liquid & more for fast Txn. Payment goes through in 1 sec.
Check @fold_app.
I will create a seperate thread on this.
So it makes me sick when I hear
- "I can't pay coffee"
- "I can't play VIDEO games"
3. BTC is the most liquid asset.
Investment ONLY works when you have
- Buyers
- Sellers
at the price you want.
Crypto trades 24/7 and #BTC is busiest highway.
- Want 20x gains when you can sell anytime.
- Want 100x pipe dreams hoping you get your order filled.
Contd
Investment ONLY works when you have
- Buyers
- Sellers
at the price you want.
Crypto trades 24/7 and #BTC
is busiest highway.- Want 20x gains when you can sell anytime.
- Want 100x pipe dreams hoping you get your order filled.
Contd
-----> Liquidity is NOT Volume <-----
A fish or a Whale needs
Liquidity - 24/7 flow
Volume - High tide of liquid TO sell.
If you are lucky, you get out.
Else good luck holding bags for the next vol burst.
You loose your
- Mind
- Health
- Time
Not worth it.
A fish or a Whale needs
Liquidity - 24/7 flow Volume - High tide of liquid TO sell. If you are lucky, you get out.
Else good luck holding bags for the next vol burst.
You loose your
- Mind
- Health
- Time
Not worth it.
4. Network Effect.
#BTC has been running
- For 99.9% uptime
11 yrs
- Billions joining across the world
- Survived
- China ban
- 1000 scams
- Miners collusion
- Hacks
- 90% drops
- Still remaining best ROI asset for decade.
#BTC
has been running- For 99.9% uptime
11 yrs- Billions joining across the world
- Survived
- China ban
- 1000 scams
- Miners collusion
- Hacks
- 90% drops
- Still remaining best ROI asset for decade.
5. BTC train has left so need to board
the next one.
-----> Don't fall for this shit.
"It's 90% down from ATH so it's a great buy"
It's a legit theory except you also have to believe
- It can still go down 90%
- if there is no other fool to sell.
Contd
the next one. -----> Don't fall for this shit.
"It's 90% down from ATH so it's a great buy"
It's a legit theory except you also have to believe
- It can still go down 90%
- if there is no other fool to sell.
Contd
There are 5600 cryptos on CMC.
If you put $$ in coin because they said it's
- fast
- cheaper
- 10 million Tx per sec
- Potential to
Understand if there is a legit case,
Big players like FAANGs etc can
---> outcompete all of them with
- Money
- Talent
- Resources
If you put $$ in coin because they said it's
- fast
- cheaper
- 10 million Tx per sec
- Potential to
Understand if there is a legit case,
Big players like FAANGs etc can
---> outcompete all of them with
- Money
- Talent
- Resources
- Blockchain is future
- Tracking meds on blockchain
- Improving lives
You look at
and go all in with your money.
This will happen
BUT not tomorrow.
If you are doing a VC investing,
go for it & shut up for 15 years.
---> Know your goal
- Tracking meds on blockchain
- Improving lives
You look at
and go all in with your money. This will happen
BUT not tomorrow. If you are doing a VC investing,
go for it & shut up for 15 years.
---> Know your goal
6. BTC vs ALTS.
If you are still in 2017, I got bad news for you
-----> "The game is different NOW" <------
#BTC has gone from
~ Riskiest asset ~ Digital SOV
!! The smart money is in now.
Reality:
BTCAlts
BTCAlts
Money will go it alts.
Contd..
If you are still in 2017, I got bad news for you
-----> "The game is different NOW" <------
#BTC
has gone from ~ Riskiest asset
~ Digital SOV!! The smart money is in now.
Reality:
BTC
AltsBTC
AltsMoney will go it alts.
Contd..
Speculators will play and money will go in alts
That's where your dream is
BTCAlts
This is the peak market where you would want your 100x
Here are some caveats:
- Very few call tops & bottoms
- This is the mania time
--> when your barber will be recommending
That's where your dream is
BTC
AltsThis is the peak market where you would want your 100x
Here are some caveats:
- Very few call tops & bottoms
- This is the mania time
--> when your barber will be recommending
Greed takes over and most people are not able to sell.
- If you haven't DCA in,
- You will not be able to take BIG profits
OR will miss most on table due to emotions.
You want to make $$ with
- mind at peace
- Not a emotional wreck.
Start DCA https://www.swanbitcoin.com/Bitcrazy
- If you haven't DCA in,
- You will not be able to take BIG profits
OR will miss most on table due to emotions.
You want to make $$ with
- mind at peace
- Not a emotional wreck.
Start DCA
https://www.swanbitcoin.com/Bitcrazy
7. Taxes
In crypto, each Tx is
~ Taxable
~ Reportable
Being in #BTC will make your life easier at tax time.
Your taxes can kill you if you
- don't sell at right time
- report accurately
- report all of it
This will be a thread for future BUT
Your gains will thank you.
In crypto, each Tx is
~ Taxable
~ Reportable
Being in #BTC
will make your life easier at tax time. Your taxes can kill you if you
- don't sell at right time
- report accurately
- report all of it
This will be a thread for future BUT
Your gains will thank you.
8. Lastly every country is moving towards "Blockchain"
based digital currency.
- Digital Yuan
- Fed coin
- India PayTM
We are still in early days.
At the end it will come down to selected few winners.
You can BUY all of them with your #BTC
#BTC is the benchmark.
based digital currency.
- Digital Yuan
- Fed coin
- India PayTM
We are still in early days.
At the end it will come down to selected few winners.
You can BUY all of them with your #BTC
#BTC
is the benchmark.
9. It's not a get rich scheme
BUT within the scheme,
this is YOUR best realistic shot.
If you can otherwise - good for you.
Profits are profits.
Open protocols always win
- Linux
- Internet
- TCP/IP
BUT within the scheme,
this is YOUR best realistic shot.
If you can otherwise - good for you.
Profits are profits.
Open protocols always win
- Linux
- Internet
- TCP/IP
11.
I might have roughed a few feathers
BUT hey it's YOUR money so it's worth it.
It's long but i felt it was a necessary thread.
Thanks
for reading it all.
If you like it, give me an RT & Like.
Disagree, even better. Share below WHY
-- Rajat is out.
I might have roughed a few feathers
BUT hey it's YOUR money so it's worth it.
It's long but i felt it was a necessary thread.
Thanks
for reading it all. If you like it, give me an RT & Like.
Disagree, even better. Share below WHY
-- Rajat is out.
