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When sentiment is low, I remind myself that for the price to remain where its been for the past three months or so, people have been purchasing the 900 Bitcoins
by bitcoin_anon 4y ago
When sentiment is low, I remind myself that for the price to remain where its been for the past three months or so, people have been purchasing the 900 Bitcoins mined a day, paying $16,000 each, or $14 million a day. This is the best use for these dollars that these people can come up with: swapping them for digital property, a slice of 21 million.
Thankfully (for us all), it seems that this story is not over! Our ancestors will look back on this absurd period of soft money and wonder what we were thinking entrusting something as critical as money, the lifeblood of civilization, to politicians. May it be brief!