If you're a Steemian, I think it's safe to say that you know what Bitcoin is and how powerful it may be in the future.
I'm really not looking to forecast the price of Bitcoin, nor do I care.
In fact, this is what I think when I see most people trying to do so:
As a long term holder, Bitcoin are poker chips that are no longer valued in USD. They afford a seat at the table, and symbolize a first class ticket to being prepared for future value transfer. The same goes for Ethereum in its own right.
If I'm wrong on this, I won't even blink because I had the balls to believe in a vision and not sell out of it during the craziest of times. Sure, I could cash out and float on fiat, but I don't want to. My values have distinctly changed to not want that. If crypto fails and all tokens become worthless, I'll truly be at peace for the valiant attempt. For some reason, I just feel comfortable with everything that I don't second guess myself.
It took a few months to learn this lesson a while ago when I first got involved, but I gradually learned to not care about the market value of the blue-chips anymore. Ironically, I view most other alt coins as the opposite, still as USD, and primarily as lottery tickets. It's just the way I view it. In a super speculative space where 90%+ of alts may die off, these extremely risky options are largely unappealing to me because of the low odds of success. I don't want to gamble on top of what many consider gambling in the first place.
In my opinion, I think Bitcoin's fiat price will eventually become irrelevant over time. Having Bitcoin will be the actual value, not its market price tied to a dying system. This may also be the case for other coins, but I personally don't see Bitcoin losing its dominance for a while.
Forming The Question...
While Steem is great and promising, I'm wondering if anyone would be willing to share their reasoning IF they don't hold any Bitcoin.
I understand that buying it now could be cost prohibitive for most, but even 1/10th could be powerful in a few years... and maybe even essential down the line.
To me, the risk-reward ratio is so heavily lopsided to the positive, that being empty-handed when we're all fully aware of it feels like a tragic sort of thing (no offense - and I could be 100% wrong). Being romantically devoted to other projects is all good, but I think a foundation in the staples at the same time would make this a safer play.
The vision and runway seems so clear to my potentially extremely biased eyes, but if I had one nickel back for every time I felt that way and saw people worrying about the short-term charts to get scared off...
The Question:
Why do or don't you hold Bitcoin now?
No judgment at all. This is a safe space.
Is it a lack of funds thing, or is it because you don't like it? If you feel the tech isn't there, don't forget that tech evolves every day...
As fairly obvious advice for those with interest, but lacking the means, liquid Steem earnings are a perfect faucet to accumulate your first Satoshis.
Thanks for reading my opinions and questions, which are not to be taken as financial advice.
