Why You Absolutely Should NOT Buy Bitcoin
If you're reading this, you're probably already aware of Bitcoin. You've heard the stories of people becoming millionaires overnight during a bull run, or losing everything with their private keys, the potential for fiscal freedom, and the promise of a borderless decentralized warless future. But let me tell you why you should absolutely NOT buy Bitcoin. Here's why:
Firstly, there's only about 2.7 million BTC left on exchanges and less than 2.4 million left to be mined. These numbers are dwindling at an alarming rate. Every day, approximately 676 BTC are withdrawn from exchanges and around 900 BTC are mined. If this trend continues, by 2030, there will be more BTC left to be mined than there will be on exchanges. But why should that concern you? You’re NOT buying Bitcoin.
Well, imagine a world where the only way to accumulate a substantial amount of Bitcoin is through mining. That's right, mining. The process that requires a significant investment in hardware, not to mention the technical know-how and the energy costs. But remember, you should NOT buy Bitcoin.
And let's not forget about the Bitcoin halving, predicted to occur next April. This event will cut the reward for mining Bitcoin in half, making it even more difficult to acquire. But that's not your problem, because you're NOT buying Bitcoin, right?
Moreover, institutional giants like Blackrock and Vanguard with TRILLIONS in assets have applied to the SEC for ETF offerings. This could potentially lead to a tsunami of institutional capital accumulating the BTC on exchanges, depleting exchange balances even faster. But that's okay, because you're NOT going to buy Bitcoin.
And here's the kicker: despite the finite supply of Bitcoin, no matter how much capital is invested into Bitcoin mining, the speed at which the remaining coins will be mined cannot increase, thanks to the difficulty adjustment. This means that the scarcity of Bitcoin will only increase over time. But that doesn’t matter to you because, you're NOT buying Bitcoin.
In fact, I predict that the price of 1 BTC will at minimum DOUBLE within a year. Though I actually think it will 10x, and the last time I predicted TSLA 0.00%↑ would 10x was back in 2019 and my time horizon was 5 years(check the prices). But don't let that sway you. You're NOT buying Bitcoin.
In 10 years, if you owned just 1 BTC, you could retire to a modest lifestyle for 40 years. But that is not your problem because you're NOT buying Bitcoin.
So, how soon do you plan to retire? If your answer is "as soon as possible," then you should definitely NOT buy Bitcoin. After all, who wants the trustless, borderless, personal responsibility of financial freedom, right?
In the long run, the only remaining method of accumulation besides mining will be to get paid in Bitcoin. But that's not something you're interested in, because you're NOT buying Bitcoin.
Even if you did NOT want to buy Bitcoin, you don’t know how you wouldn’t buy it let alone keep it safe and wouldn’t know what can and can’t be done with Bitcoin. Nor would you know about the lightning layer 2 network, or the scams to watch out for, including all the other scam coins.
It’s NOT like Bitcoin is digital gold, the only way to save/preserve today’s hard earned labor for your future self, preventing government money printers from stealing your savings buying power when you’re old, tired, and need your retirement resources.
According to Zippia there are about 62.5 million millionaires globally, an 11.4% increase from 2020. There can only be 21 million bitcoins due to the mathematical encryption that facilitates bitcoin mining. You definitely do NOT want to be associated with bitcoin millionaires so you won’t be buying bitcoin.
They wouldn’t rob your dollars blind… they wouldn’t sell out the middle class workers to enrich themselves… they wouldn’t start wars to enrich themselves… they wouldn’t lie to your face about the consequences of their policy or actions… they wouldn’t… would they?
It’s not like without the ability manufacture fiat dollars to go to war. That wars around the earth would cease as the money for waging wars inflates to zero… There’s no way bitcoin can facilitate a warless future, so you’ll definitely NOT be buying bitcoin.
So, there you have it. All the reasons why you should absolutely NOT buy bitcoin. Remember, it's your decision. But whatever you do, do NOT buy bitcoin.
I’ve got a backdoor for the trustless, you can send me the money. You would have to trust me to buy and hold BTC for our long term benefit. No contracts no legality, legally a donation, DO NOT send me money… Whatever you do. do NOT trust me with bitcoin. I don’t know anything about it…
also. I made a website… it’s a countdown to the bitcoin halving. but I’m still deciding how to host it publicly. it’s available via my zerotier VPN.
suggestions welcome however you can reach me
