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RE: The Phases Of Bitcoin Adoption

in LeoFinance4 years ago

Dang you got in hella early I don't blame you for not holding on that was a completely different time. If you localbtC or mt gox days I totally understand why it was sketchy, but also it was only a few bucks to get in so I guess risk reward ratios hey. That's so weird your sister in law knew about it before you, if you the techy of the 2.

What got me buying was a client of mine was actually a crypto exchange and explained to me how BTC works and I thought If im going to work for them I need to buy this thing and learn more about it. Then once I got in and started asking friends some were already mining and buying they just didn't talk about it.

I get that, utility tokens are interesting, but I don't see them as sound money, I see them as replacements/tokenised versions of loyalty points, shares/equity, bonds, and certain value that was lost in web 2 model.

BTC to me is the only one looking at being a savings technology, and for someone like me in South Africa where inflation is literally ripping my pockets like crazy, its more of a hail mary move, just protecting my buying power not trying to moon with a alt although it would be nice