What up Crypto Squad!
I was reading this article and felt really inclined to share it with you in case you haven't seen it. https://www.coindesk.com/bitcoin-isnt-expensive-says-btcc-boss-bobby-lee/
"Bobby Lee, the CEO of China's oldest cryptocurrency exchange BTCC, launched into a scheduled speech extolling the virtues of bitcoin. Coming at the end of day one of the two-day technical conference Scaling Bitcoin last weekend, the talk amounted to a pep rally largely aimed at classical bitcoin bogeymen – the state, ICO scammers and those who don't get it.
But while he was speaking to just a few hundred of the foremost technical experts on the subject, it's ironically those in the wider world who Lee might have been better off addressing in his full remarks.
"Bitcoin's value does not come from the endorsement, acceptance or regulation from governments. Bitcoin's value comes from the inherent failures, limitations and inconveniences of the fiat money system,” Lee said in a tone befitting a grade school science teacher.
From there, he proceeded to defend the price of bitcoin – up more than 600 percent on the year – not as a bubble, but as evidence the protocol is proving its utility as the best way to hold value in the digital age.
Far from being tepid about the market, Lee argued those who have been on the fence should invest in bitcoin today, telling the crowd:
"The last year, bitcoin has proven itself. What I tell my friends now, is as long as bitcoin is under $10,000, it's your chance to get in. For those of you [who] think it's too expensive, if you look in the rearview mirror, bitcoin has gone up 10x in the last year."
Lee went on to describe bitcoin as "very cheap," arguing that prospective buyers shouldn't look at the current price, but rather conceive of the potential the protocol could have when more of the world's assets migrate to the blockchain.
"Bitcoin is like buying gold at a 98 percent discount. If you think it's too late, if I had thought that back in 2012, I would not own bitcoin," Lee continued.
Jam-packed with no shortage of attempts to entertain, the speech went on to outline common "mistakes" made by more novice bitcoin traders, including four that Lee cited as the most detrimental. These included: "indecisiveness," "not buying enough," "selling after a small gain" and "selling during a panic crash."
"When you first learn about bitcoin you hesitate, the answer is to not be hesitant," he said."
Essentially, the price of Bitcoin is not too expensive. Even where it is currently is. Surley this Bitcoin Cash rise has had an influence but think about this a SALE DAY!!!
When you think about Bitcoin and how much it has grown, no matter the price you have to think of it as an investment. You can't look at Bitcoin and think "Oh, it's $6,1000." You have to think "Wow! BTC is ONLY $6,100, and in the next few months it will be $10,000+"
In my opinion if you don't have BTC and don't plan on getting any, you should. Bitcoin is at a low price considering what it will be in the next 1-5 years. I've said it before and I'll say it again, I am voting for the future of humnaity.. but just walking away from the wrong side of history.
A stolen bitcoin is a useless bitcoin. Protect yourself with a hardware wallet #ledgernanos
This is not investment advice, it's just what I would do/what I am doing.
Never forget Crypto Squad, keep your eye on those charts, buy red, and sell green.
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Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://ca.finance.yahoo.com/news/bitcoin-isn-apos-t-apos-140004090.html
Thank you robot 🤖
Thanks for the share - I just read this article and I completely agree. Also, EVERYONE should buy BTC! Its crazy not to, especially at this point as the price is at one of the biggest lows for its price trajectory.
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