While most people on Steemit think it is a good idea to buy Bitcoin at $9,700, here is why you should sell. On Facebook and other social platforms I've discussed crypto and Bitcoin and here are the top 5 reasons why I've been told I should sell from people who have the financial sense of Wesley Snipes.
1 - North Korea Will Destroy The Internet
I'v actually had people say that NK is going to start WW3 and destroy the Internet and Bitcoin will be worthless. This was in a prepper group where we plan for the end of the world as we know it, but in reality, there is nothing that NK could do to destroy the Internet. That's not how this works... that's not how any of this works.
2. You Can't Touch It
It is amazing how many people won't buy into crypto because they can't hold it and touch it. It is digital and they simply do not understand it. I was told by a stock investor in my family that Bitcoin is fake and I should sell because I can't touch it. Well... this is the same person that told me I should stay at the newspaper I was working at in 2004 instead of going to a digital marketing company.
3. People Buy Drugs With Bitcoin
It is true... there were and are places where you can spend Bitcoin and buy things that are illegal and highly illegal. Then again, I am pretty sure my pothead neighbor buys drugs with cash too. People are going to buy stuff with currency. That's how it works. I just think that the person who said this was braindead from their time in the 60's.
4. It's In A Bubble
Back in May when the price of Bitcoin spiked, people said it was in a bubble. When it went up another 150%, those same people said it was in a bubble. Since then it has doubled and again those same people say it is in a bubble. There is a big difference between growing and bubbling. Bitcoin is growing and my frustration with the bubble people is bubbling over. Some day soon the bubble of people thinking Bitcoin is in a bubble will pop and they will buy into Bitcoin. Bonus points for seeing how many times I used "bubble" in one paragraph.
5. You Can't Spend Bitcoin
Why would you buy Bitcoin if you can't even buy things with it at Wal-Mart? Well, first... I try to avoid Wal-Mart at all costs and second, how often do your stocks to buy cat litter? The truth is, Bitcoin is an investment. Yes you can use it to buy stuff, but I don't know too many Bitcoin holders that are looking to spend it. We are trying to buy as much as we can to hold it and invest in our future.
The main reason why I think that Bitcoin still has a huge upside is that most people don't understand it. These are real things that people said or wrote to me regarding my recent posts on social media regarding Bitcoin $10k. The truth is... YOU SHOULD NOT SELL ALL YOUR BITCOIN.
It is an exciting time to be involved with cryptocurrency and unlike the masses, the people who understand and invest in Bitcoin are reaping the benefits.
Thank you for reading. I hope you enjoyed it.
Let me know if you are buying or selling bitcoin when it hits $10,000 in the comments below.
It's worse than tulip because you can at least touch tulips
You could print your private keys on a brail printer. lol
7 times for bubble and 2 times for bubbling. Yup I just had to do it ;-)
HAHAHAHAHAHA, you got my full upvote for that.
Thank You kind sir! (I upvoted the other thread)
Yeah it said I had a transaction error so I changed an image or two and tried again. I had no idea the first one posted.
LOL It did so now with 2 of them you have to keep an eye on each....
Thanks for the chuckle! Currency is just one part of this disruption. Loving the ride, hodl!
You are more than welcome. Thanks for reading. It is a great ride.