How I learned about Bitcoin
One morning, still drunk. It was not the time to talk about the economy, because I felt my eyelids close.
The definition of Bitcoin that helped me to clear my sleep."Bitcoin is an electronic currency, free and limited supply.
-Clearly, what does the word "limited" refer to in this context.
What attracts us to Bitcoin?
I'm based on my own experience, so we may not agree. But it's undeniable that since we've known bitcoin, we've been talking about an unconventional monetary policy.
Bitcoin is still a currency, which is used to exchange goods and services. But the most relevant thing about this virtual currency or cryptocurrency is its reserve value.
The value of money is defined by its scarcity, just as money has always been part of our main needs. The game of money is mainly based on how to add more to our reserve value, how to maintain it, and how to invest that money before it loses its own economic value. With this said, I could clarify one of the details most relevant that differentiate between bitcoin and fiat.
In my opinion, this is one of the most attractive features of bitcoin. It is not complicated to understand that when anything, tangible or not, is more scarce, the more its value increases.
And that's how I was first described by Bitcoin. Unlike tangible money, like the money that was going to pay for that breakfast in the cafeteria where I was talking, bitcoin didn't have inflation.
Thanks for reading me!
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Finally we have you here @queengaga!
Scarcity will make Bitcoin the best asset ever.
I'm just accumulating until the next bull run arrives!
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Of course. I want to see it, to really see the whole bitcoin process from the day I stop being a nocoiner. ;)
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This excerpt is brilliant. It's interesting, too, how our perception of that "game of money" changes throughout the courses of our lives. Money didn't have the same meaning to me when I was younger as it does now.
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I certainly find myself at a point of learning and maturity regarding economy and trading, I have not been there long. It is very interesting to be able to see this concept in the eyes of others. Little by little I am learning a little more about it. I would like to see how this perception evolves in the near future.
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Welcome back and good post btw!
@tipu curate
Upvoted 👌 (Mana: 0/20) Liquid rewards.
Yep, finally making my debut in leofinance, haha. Thanks so much! ;)
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I like that graphic a lot. I'll be recording a video on a related topic shortly.
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Oh! I'm glad, thank you! Sometimes one expresses the details better visually. You will share the link!
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https://leofinance.io/@nealmcspadden/how-many-usdbtc-are-there-per-person
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Welcome back to LeoFinance. Are we going to see you posting and commenting a bit more regularly? :)
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hihihi! I'm very shy, but I'm counting on it. I really enjoyed getting so many responses in a first post, thanks for encouraging me.
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I came to know of bitcoin and crypto as I was looking for a way to earn money from home
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