Same

Yeap. And we have a lot of criptocurrencies that are a better comparison but as you well stated “they are not BTC”.

So BTC is not being bought at 100K for scarcity or the technology it uses.

There were less BTC available when it was been bought at 20K two years ago.

Water is a commodity with limited supply. We can make more but is not cost effective.

An aunt made some paintings. She died already. There’s a very limited supply of her paintings. It’s an asset with absolute scarcity.

That doesn’t make it worth more.

A limited supply of something does nothing per se.

There are more then 8 thousand criptocurrencies with limited supply. And more can be easily be made.

Same. 🤜🏼🤛🏼

Sure. And I don’t need to is more a question to try to “push” you into a more conservative stand.

I get how you see it and I believe you could be right.

I just hope you save for your retirement believing that you also could be wrong about BTC’s future valuation.

What percentage of your investment are planning to save in BTC? 10% 90% 100%?

But there’s risk that BTC could have a lesser worth in the future.

Like if a new and better protocol / crypto arrives. If a flaw on the system is found or a new computer is able to beat the algorithm. Or something else when haven’t considered.

Don’t you agree that BTC could also fall behind?

Yes. Both went up in value and some people used them as a saving asset for retirement. They were super sure people just didn’t get it why it was a super cool way of investing.

I would say that I get BTC like 80%. I know its “limited supply”.

I can agree that some people are speculating with BTC because they believe is a good LT retirement strategy.

I would recommend to use it as part of a portfolio. That if it goes to 0 they don’t have 0 for retirement. If it goes 100,000X against inflation; it wouldn’t hurt to have other assets.

Another example of what @buturut-tururut.bsky.social says is that some people believed that they were saving in the long term by buying Beanie Babies.

It was speculation.

Its value had been growing steadily well over inflation.

Oh but it is speculation:

If you want a hedge against inflation there are instruments that offer, with certainty, to give you a return of at least the inflation.

If one buys BTC is because one thinks that I will grow above inflation. But one understands (or should) that it could also go down.

You have certainty about “its policies”.

But as an investment you and nobody knows what the future value of Bitcoin will be. Not in in the short not in the long term.

Some try to use past values to predict its future. A strategy that has failed time and time again.

Where are taking that definition? Speculation can be short or long term.

Agreed. But is an enormous IF.

That image is only valid while the bubble is growing.

You needed more BTC to buy a house in 2022 vs 2021.

Seguros Turista por días

SeguritoSegurito.com

Dejando de fuera la palabra, ¿qué opinan?

#Seguros

Not yet crashed. But the confidence of course selling grows and declines based on the tendency of Bitcoin.

The number of cryptobros recommending @bitcoin.bsky.social has fallen a lot in recent days 😁.

#Bitcoin

Gonna write a Christmas song about holiday cheer and global warming called “Mosquitoes in December”.

John: Yes! One without tuberculosis.

Agreed. Including Bitcoin.

The way I see it all cryptocurrencies are linked to pure speculation and don’t solve any real problem better that alternatives.

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Graph of cripto bros recommending #Bitcoin.

De momento Quálitas no está aceptando asegurar vehículos en Culiacán.

Lamentable no por la decisión de ellos sino por la falta de apoyo del gobierno al estado y nuestros connacionales #segurodeauto

Hoy platicábamos sobre casos de éxito de seguros.

Es una gran satisfacción cuando un cliente confía en ti y te compra un seguro. Y ves cómo ese seguro le ayuda a superar una situación.

I believe Bitcoin has no value regardless of using something valuable (Blockchain).

Like not all websites are valuable despide using something valuable (internet)