These days a Bitcoin will buy you a lot of things! I can remember just a short time ago in my life when a bitcoin would barely buy you anything. As a matter fact you had to search the Internet high and low just to find a place that you might be able to spend one. The very first thing I bought with Bitcoin was a chicken sandwich! I very vividly remember it costing .18 BTC. Today I want to give you a show & tell version to help you understand how powerful Bitcoin really is and the story of the.... rise and rise of Bitcoin!
In the beginning, this was about all you could really buy with Bitcoin! As a matter fact, it's what got Ross Albrecht thrown in jail for running the website silk road where Bitcoins were a large part of the economic ecosystem. During the early days of Bitcoins existence, it was being used for a lot of bad things, but today just a short few years later it has become so much more!
I can remember the day when my single Bitcoin would get me one of these. The United States treasury note with the denomination of $10 on the face of it. A piece of paper with ink written on it amd not backed by anything. I remember thinking how cool it was that this Internet funny money has taken off to such heights that you could actually get a $10 bill with one. It was at this point that I thoroughly understood block chain and I knew were Bitcoin was headed and how disruptive it would become to bankers and the dollar along the way.
Then very quickly out of nowhere this day came! The day when investors had to decide whether to put their $30 of cash into a Bitcoin that had only been money for a few short years or put it into this one ounce round of silver which has been money for 6000 years. What an interesting predicament Bitcoin had now put the gold and silver bugs into! Gold bugs realized they couldn't ignore it, but most of them were to scared to take the first step. The ones who did are happy today because their crypto wallet has hedged their silver and gold stack and their metals are hedged with their Crypto wallet . It's a beautiful combination and makes you feel so much better about holding each individual asset by itself.
When this day came I thought to myself....WOW! Bitcoin has really grown some deep roots! I was absolutely amazed that I was now able to not only buy 1 ounce of silver, but a whole roll of mint state United States silver Eagles! I felt like I was stealing. It shouldn't be this easy to be able to purchase expensive precious metals that takes so much effort to get out of the ground. I now believed in Bitcoin more than ever.........but still people laughed at me and blew me off when I offered to teach them what I discovered.
What?! Are you freakin kidding me???? Hold up......you mean to tell me that 1 Bitcoin will now buy me TWO one hundred ounce Silver bars AND a fist full of cash? Good Lord Bitcoin is powerful! You now can buy so many things with Bitcoin......shoot if you look hard enough you can mostly buy anything you can think of. Bitcoin has come a long way and still has a long way to go....but just remember that there is one thing you can't buy with Bitcoin......you got to earn these suckers!
The hesitation to BUY BITCOIN will only cause you to watch the price double again and again....and again.....the moral of the story is to simply buy, hold and protect Bitcoin. It's buying power is so massively strong, you can't even afford to loose .001 of a BTC.
Satoshi Nakamoto ~
