99% OF PEOPLE ARE IN CRYPTO TO MAKE MONEY

We 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.

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

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.

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

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"

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

-----> 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.

4. Network Effect.

#BTC has been running

- For 99.9% uptime11 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 boardthe 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

- 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

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..

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

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 

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.

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.

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

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.