The Bitcoin family. This year will undoubtedly be a special one for crypto enthusiasts traveling with family for the year-end holidays. Because the joy of Bitcoin soaring to new heights will no doubt be equal to the nonsense uttered around turkey and chestnuts. A situation largely fueled by very well put together reports (irony within) on the subject at the time of its first passing of $100,000 early December. So how do you deal with this onslaught of clichés without turning into the Grinch? Here are 3 tips to apply without moderation!
- Bitcoin could spark heated debates at family gatherings at the end of the year, especially due to its historic crossing of the $100,000 mark.
- Here are some tips to survive this type of unpleasant but unfortunately very common situation!
Bitcoin for dummies
First rule bitcoin The club is never discuss this topic with uninitiated people. Unfortunately this health principle does not apply to the side of the interviewees, especially if it does critics to do.
In the field, the ratio of ignorance to expended energy is quite simple. The less a subject is mastered, the more criticism will be applied. Special dedication to this charming gentleman who assured me of this Bitcoin was already in use before 2009… by his dealer. She must have been a little too strong!
Some will believe it energy spent with a donkey will always allow him to move forward. From this point of view of public education, several basic rules must be respected. And the first is k do not succumb to irritationat the risk of being labeled a fanatic by those who don’t want to hear anything.
This is the reason Three possible responses are suggested in this paperso that the most urgent can be dealt with. Although we understand that, albeit approximately, somewhat prepared defense can handle almost all bad attacks.
THE Binecogne it’s useless!
What is Bitcoin? Legitimate question to which one Corner encyclopedia provides many response elements 10 main questions to help you understand better.
Bitcoin is on the minds of most TV viewers unnecessary fraud. And this can be understood by standing up from rich countries and their economies are among the strongest in the world.
Still, BTC is actually used as a currency in many territories with more uncertain stability. Especially when the locals try to do it to escape the monetary determinism that predisposes them to their impoverishment.
Because Bitcoin knows no borders. And even if its price rises regularly, it is the rule 1BTC = 1BTC still remains relevant. Kinda like stability of the euro, quite relative against the USD dollar. The graph speaks for itself.
A highly speculative asset
This is why BTC is more favored in areas affected by currency crises such as an effective solution against hyperinflation. Because until now, holding bitcoins for the long term has always proven to be a winning solution, unlike most current currencies !
“If you bought $100 worth of Bitcoin when Coinbase was founded in June 2012, it would now be worth around $1,500,000. If you kept $100, you could buy about $73 worth of goods today. Bitcoin has been the best performing asset for the past 12 years, and it’s still early days. »
Brian Armstrong, founder of Coinbase
BTC is actually famous significant volatility. But again, this placement is a matter of point of view…or more accurately, geographical point. Because how should we approach Turkish Lira (TRY) down more than 95% between 2013 and now? The period during which Bitcoin shows an increase of almost… 60,000% !
Plus bitcoin works completely independently, without any geographical obligations ever being imposed. And only for those who decided to use it.
So to the question of whether bitcoin is volatilethe question is obviously yes. However, this does not mean a summary of his activity a purely speculative operation. Because it allows for both protect and safeguard the relevant funds from the vagaries of traditional finance due to its position as a store of value. And that is priceless!
And ecology in all this?
However, once this cliché has been debunked, it still exists big pitfalls. And the last one applies every time alleged pollution attributable to Bitcoinmainly because of the significant energy demand.
It should be noted that this reflection occurs every time in a direct line of BTC’s alleged uselessness. Because it is useless, the energy involved in making this empty shell work is—by the effect of the syllogism— exclusively polluting.
However, it is necessary to forget about the highly utilitarian nature of Bitcoin as a medium of exchange free from all censorship and control. But also that its mining industry makes it possible valorize excess renewable energy often lost due to a lack of customers to consume them.
Just see a concrete example this town in Norway is strongly against mining facilities based in its territory. A struggle ultimately won by the inhabitants, p resulting in a 20% increase in their energy bills !
Of course, there are other critics against Bitcoin. Because bad faith is never burdened with arguments that still have to be fought. But time—and performance— eventually get the better of the most defiant. Happy New Year and Happy New Year!