60k Bitcoin VS 30k Bitcoin
Sooner or later.
Bitcoin is much more than just another speculative investment.
And those who don't take the time to understand the why of Bitcoin are missing the point.
Unlike fiat currencies whose design is such that your purchasing power is doomed to erode over time irreparably toward zero,
Bitcoin is a unit of wealth, not a unit of debt.
You need to understand this nuance that makes all the difference.
The source code remains the same.
The design of the Bitcoin protocol has not changed.
It is the Bitcoin protocol that gives you incredible guarantees for your future, not the price at any given moment.
The 4 rules at the heart of the Bitcoin protocol:
1) No monetary inflation
2) No confiscations
3) No censorship
4) Anyone can verify rules 1 to 3 at any time
These are the 3 protectives “No” that Bitcoin allows you to verify at all times.
Bitcoin protocol gives you 10 additional guarantees
Behind these rules that can be verified at any time,
the Bitcoin protocol gives you 10 additional guarantees that will make all the difference in your future if you choose to become a Bitcoin HODLer no matter what:
1) There will never be more than 21 million BTC in circulation
2) 10 minutes delay on average between the issuance of each block of transactions
3) An adjustment of the mining difficulty of the Bitcoin network every 2,016 mined blocks
4) A decrease in the reward given to miners for every 210,000 blocks issued
5) A consensus algorithm based on Proof-of-Work
6) Bitcoin is the most secure decentralized network in the world
7) A permanently available network
8) A never hacked network
9) The data of the Bitcoin Blockchain is immutable
10) The Bitcoin code is open source
This is the main reason why the Bitcoin price has always recovered and why we have then been able to reach new ATHs for the Bitcoin price every time.
As long as the guarantees that the Bitcoin protocol gives you are preserved, you can expect this to be the case.
Bitcoin is thus like a phoenix that rises ever stronger.
Do the Math, Run the Numbers, and You’ll Understand Why Bitcoin Is a Unique Species of Money
Excerpt from article:
$69K Bitcoin vs. $30K Bitcoin: Different Price, but Same Code and Guarantees on the Protocol.
https://crypto.writer.io/p/69k-bitcoin-vs-30k-bitcoin-different
