Why Bitcoin cannot be allowed to fail

in #bitcoin6 years ago

As we take part in this modern-day gold rush of crypto-asset investing and trading we have to keep certain things in their proper perspective. Wealth and money are two different things. We have to acknowledge that our health, safety, families and freedom are all forms of wealth. Money can also make us wealthy if we are able to purchase with it things that increase the quality of our life. If you have been paying attention to the inner workings of the current fiat money and banking system then you will know that as a society we are in a position of financial enslavement. This enslavement is not simply on an individual level but envelops us on an individual, national and global level.

The early investors in Bitcoin realized back then what many people still do not realize or lose sight of. They understood that Bitcoin met all the fundamental requirements to give us true financial sovereignty. Considering the current data we have I believe this is still true. This is what makes Bitcoin such a threat to the current financial dictators. We all want to increase our wealth but we have to be cautious that we do not provide the means to our own enslavement through our efforts of increasing our wealth.

Many of us that are holding Bitcoin would sell it in a heart beat if our investment doubled or tripled or went exponential. We would gladly sell it for fiat all while feeling like we have made a killing. Imagine if you bought Bitcoin when it was pennies. Do you know how hard it would be to continue to hodl knowing you could trade it for millions or billions of dollars? Now I am not saying you should not utilize your gains. What I am saying is that if you sell any Bitcoin it should be to purchase things that will benefit you. You should sell it to buy things you can really use like a home, a car, a business, charity etc. If you trade it and hold dollars then you have basically empowered the very system that is attempting to enslave you. That system will not be destroyed until the day that goods and services are bought and sold with Bitcoin as opposed to dollars. When Bitcoin becomes a global reserve currency and people no longer use fiat then we will be in a position of financial freedom.

If that day never comes then at the very least the idea has to always be alive and kicking and Bitcoin has to remain as a viable alternative and threat to the financial slave owners. The financial cartels will use many tricks to deceive us. One of these tricks is by backing non-decentralized crypto assets and tempting people away from Bitcoin by ensuring that the crypto they are backing is making crazy gains. A perfect example of this would be ripple XRP.

My solution and reminder to everyone who values their freedom is to use these other centralized cryptos only to increase your BTC. So if you are a trader or investor in these other assets then your gains should always go back into Bitcoin, period. So either take your gains from Bitcoin and invest them into goods and assets such as property, gold, silver, businesses etc or keep it in BTC. Fiat holdings should be very minimal. This may seem counter intuitive at times when you look at it strictly from the perspective of your bottom line. The question though is what do you value more? Your financial freedom or the illusion of wealth through the accumulation of fiat.

This is not financial advise but simply a reminder to myself and others who value their financial sovereignty.

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