So you don't think Bitcoin is really "money"? The story of money.....Show & Tell with Broncnutz
These days a Bitcoin will buy you a lot of things! I can remember just a short time ago in my life when a bitcoin would barely buy you anything. As a matter fact you had to search the Internet high and low just to find a place that you might be able to spend one. The very first thing I bought with Bitcoin was a chicken sandwich! I very vividly remember it costing .18 BTC. Today I want to give you a show & tell version to help you understand how powerful Bitcoin really is and the story of the.... rise and rise of Bitcoin!
In the beginning, this was about all you could really buy with Bitcoin! As a matter fact, it's what got Ross Albrecht thrown in jail for running the website silk road where Bitcoins were a large part of the economic ecosystem. During the early days of Bitcoins existence, it was being used for a lot of bad things, but today just a short few years later it has become so much more!
I can remember the day when my single Bitcoin would get me one of these. The United States treasury note with the denomination of $10 on the face of it. A piece of paper with ink written on it amd not backed by anything. I remember thinking how cool it was that this Internet funny money has taken off to such heights that you could actually get a $10 bill with one. It was at this point that I thoroughly understood block chain and I knew were Bitcoin was headed and how disruptive it would become to bankers and the dollar along the way.
Then very quickly out of nowhere this day came! The day when investors had to decide whether to put their $30 of cash into a Bitcoin that had only been money for a few short years or put it into this one ounce round of silver which has been money for 6000 years. What an interesting predicament Bitcoin had now put the gold and silver bugs into! Gold bugs realized they couldn't ignore it, but most of them were to scared to take the first step. The ones who did are happy today because their crypto wallet has hedged their silver and gold stack and their metals are hedged with their Crypto wallet . It's a beautiful combination and makes you feel so much better about holding each individual asset by itself.
When this day came I thought to myself....WOW! Bitcoin has really grown some deep roots! I was absolutely amazed that I was now able to not only buy 1 ounce of silver, but a whole roll of mint state United States silver Eagles! I felt like I was stealing. It shouldn't be this easy to be able to purchase expensive precious metals that takes so much effort to get out of the ground. I now believed in Bitcoin more than ever.........but still people laughed at me and blew me off when I offered to teach them what I discovered.
What?! Are you freakin kidding me???? Hold up......you mean to tell me that 1 Bitcoin will now buy me TWO one hundred ounce Silver bars AND a fist full of cash? Good Lord Bitcoin is powerful! You now can buy so many things with Bitcoin......shoot if you look hard enough you can mostly buy anything you can think of. Bitcoin has come a long way and still has a long way to go....but just remember that there is one thing you can't buy with Bitcoin......you got to earn these suckers!
The hesitation to BUY BITCOIN will only cause you to watch the price double again and again....and again.....the moral of the story is to simply buy, hold and protect Bitcoin. It's buying power is so massively strong, you can't even afford to loose .001 of a BTC.
Satoshi Nakamoto ~
@broncnutz,
"The hesitation to BUY BITCOIN will only cause you to watch the price double again and again....and again.....the moral of the story is to simply buy, hold and protect Bitcoin. It's buying power is so massively strong, you can't even afford to loose .001 of a BTC."
Whatever you says here is absolutely true. Buying power of BTC is growing massively. I never seen such kind of high buying power material or an item so far. This is remarkable.
Respect your words my friend. This is something we should not sell. Keeping BTC never made me poor so far and will be too. Great post and great experience, really appreciate your effort!
Cheers~
Thank you so much for your continued following of my blog, but also your well thought out quality responses. I appreciate YOUR effort not to just say "good post sir" like many others do. This upvote is for you my friend....
@broncnutz,
First thank you very much for this great gift! Second, I am little bit nervous today. My Upvote power has been drained so have to wait few days to make it up. Without upvoting a good post, it feels me bad.
I'm following set of quality people and want to keep that limit as it is. So you are one of them dear friend. In this post I could feel your experience. Actually, we can't go back (I mean past times), if we can do what we will do first?
If I can I will by BTC :D That's it :D
Really appreciate your kind response and the gift you are giving to me.
Thank you very much friend!
Cheers~
I recently wrote a post about this, and basically I wrote that bitcoin still doesn't meet all the requirements to be considered a currency, but it's on the right way.
Currently, bitcoin works very well as a value reserve, but it still has a long way to become a universally accepted medium of exchange and ultimately function as an accepted unit of measure
Thanks for sharing your point of view! Upvoted and resteemed
Thanks again!
thats are wrong they see only which they want see but i accepted it as a mony and i hope it will be prove soon and when they people thought about this to feel bad to believe it late and not get many benefits who get others sir btc is always best and will always best
Well said Mrs. Kelly....your a smart girl....and for this reason is why I now follow you! Welcome to Steemit, here is a nice little upvote to get your wallet digits pumped up a little......POWER UP! 💪🏽💪🏽👊🏼👊🏼💪🏽💪🏽
The only reason I have been so hesitant now is back in 2010 I had a computer mining using only the computers processor for bitcoin - it was mining for about two weeks. I sold that computer on craigslist before I moved to Barcelona. I kick myself to this day for that mistake and I don't even know how many bitcoin was mined in that approximate 2 weeks but i have a feeling it will hurt even more if I find out. For this physiological loss its the reason that keeps me from buying today.
Man that sucks! I mean we all have stories like that. I lost coins in Mt Gox, Cryptsy and Poloniex. Thousands and thousands and thousands of dollars worth. I also lost 9btc on Bitmit. Fact it with all these losses I'm still ahead. I hope your stubbornness does not really haunt you when BTC is 500k. Think about it.......
Ohh the Mt. Goxer's, I really for feel for you guys. Luckily because btc acts like a gateway to buy into so many other coins I am pretty sure I have some small fractions laying around in these various exchanges, and maybe because of your and some many others encouragements lately I may move that decimal point up a few notches.
The biggest eshop in Czech republic accept Bitcoin, Austria post services exchange bitcoin. News of last month in Central Europe. :)
Nice that's good to know!
OG @broncnutz.....
That's all i can say for now...its a nice post....so steem on and stay blissful...thank you so much
Thank you so much for the well thought out response.
meep
Thank you so much @broncnutz sir
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This comment has received a 0.52 % upvote from @drotto thanks to: @banjo.
Haters going to hate no matter what.
It's they dang job maaaaaan! Keep hating on me BTC haters.......we stackin up chips ova here suckas!
They are the sore losers who lost out and are now crying like snowflakes.
Satoshi Nakamoto is right! Resteemed!
Very nicely put! Bitcoin has come a long way for sure; I envy you for the foresight to invest early.
I got balls the size of church bells! 😂😂😂🛎🛎🛎😂😂😂
It is about evolution, and then the internet, money also has to evolve the new era of the world digitan don the young people need a cell phone and internet, forces a change