I do not even know the place I am going with this put up however I am simply gonna shoot from the hip right here. I first heard about BTC someday again in 2017 from a buddy. All I used to be instructed was that its a scarce asset with a finite quantity that there’ll by no means be any extra of at a sure level. On the time, I might say this buddy did not know jack shit about BTC and the tech, and neither did I. Nonetheless, I used to be intrigued and made my very first buy on Gemini in 2017 and did not suppose a lot of it for the subsequent 2-3 years.
Quick ahead to 2020 and I began learning economics, cash, TradFi, and BTC like loopy. I recall making a touch upon a thread right here on this subreddit some months in the past saying that if I had identified what I do know now about BTC, cash, the financial system and so forth then I might have purchased the shit out of BTC again within the 2017 lows. You finest consider I have been shopping for the shit out of it these previous two and a half years. Purchased some when it was within the highs of 60k+ and have been shopping for all the way in which down. I have not offered jack shit both.
Someday round 2020 I discovered about Austrian Economics and skim “Rules of Economics” by Carl Menger, and “Human Motion” by Ludwig Von Mises and people books simply strengthened my conviction in BTC and arduous cash. Menger in ideas says that man ACTS so as to alleviate uneasiness and provision for the long run as finest he can based mostly on present and anticipated circumstances, in addition to Mises does in Human Motion.
Once I typically suppose to how central banks (and fiat) function it additionally additional reinforces my conviction in BTC. We bust our asses day and night time slaving away at some odd job working for nugatory paper fiat (in the long term) that may be devalued on a whim by central bankers and policymakers. They only erode and eat away at our hard-earned cash, wealth and so forth and make all the things costlier as a consequence of their reckless insurance policies. Central bankers primarily corral us like livestock into behaving how they need us to based mostly on their financial coverage selections and dangle the proverbial carrot on a stick in entrance of us. Because the saying goes, BTC is fuck you cash.
As soon as once more, this put up very possible had no particular objective, and I am fairly certain I have been rambling, however make of it what you’ll. I will be shopping for this rattling corn the additional it goes down throughout the subsequent a number of months/years and so forth.
