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There are many motivations for buying bitcoin, speculation, get rich quick, freedom from bankers, a fair economic system and unit of exchange that can be transp
by hndamien 9y ago
There are many motivations for buying bitcoin, speculation, get rich quick, freedom from bankers, a fair economic system and unit of exchange that can be transported geographically instantly and cheaply without censorship, to buy alt coins (to profit from high % gains in new tech.
It seems like a crazy surge because of the nature of adoption rates of new tech. It gets faster and faster, radio, tv, internet, google, facebook, bitcoin. The limited supply also throws off our normal convention of stock price valuations that usually have large amounts of shares - often to keep the prices low for trading - but infinite divisibility makes this different from stocks.
I bought because I wanted to help people have a fairer system, and because I believe equity based money to be more sound than debt based money. Many of the people I wanted to help have a hard time believing what is happening (even I do a little), but I'm glad it is. Human nature often conspires against us in these situations, the naive and greedy may come in and benefit from a small investment earlier than the risk averse considered decision maker. The system is intended to help both. When you can see past your fear, envy, disbelief, regret and instead trade it for hope, adventure and magic internet money you may see it as a new fairer way for humanity to bank and not an affront to reality.