Why does the problem now doubt that Bitcoin is ready to buy

• I went to the Bitcoin Week conference for the investor in Anthony Bokino, perhaps the only skeptical encryption.
• Bitcoin community is still very excited, even during an ugly correction.
• Here is the reason that I had bought bitcoin for the first time in years.

As skeptical in the encrypted currency, I reached Bitcoin Investor Week Conference In New York City, their number is largely more than. I was just a real armed on the back, a note, and an open mind.

Eight hours later, she left something else: a new fond of the encryption community, and a plan to buy bitcoin for the first time in years.

Like many young investors, I had a hate love relationship with Crypto.

For the first time I bought $ 50 of Bitcoin in June 2020 when it was traded for about 9,300 dollars. This will now be worth $ 455 if you have been detained by ascending and landing. With the height of Bitcoin, I bought more, and I later bought some Dogecoin and Ethereum, inspired by themes and ELON Musk.

My goal was to score a strong return and enjoy. I was not a great believer, so when The encryption market explodes In late 2022, I emptied my account on good – or so I thought.

In my opinion, the encryption was widespread with fraud and folds like Sam Bankman Al -Muqali Alex Machinsky. I An interview with Macinski In 2021, years before his arrest and the guilt of acknowledgment of fraud. He criticized the financial system and said to people, “It cannot explain what is happening to you, but they know that something is broken.” Ironically, this is exactly what I felt when I heard Machinsky promising huge and risk -free returns.

Although I have not covered encryption for years, I am an exception to attend the Anthony PoxPylano on February 27. I spoke with dozens of Bitcoin fanatics, and while I still do not drink Orange Kool-Aid, their enthusiasm convinced me to reconsider the irony.

Bitcoiners are not similar in a fragile market

I arrived at the conference ready for learning, and to take the pulse of the encryption community. Bitcoin decreased about 25 % Since the top of $ 109,000, I wanted to see whether the heart of anyone has crossed their rhythm.

A clear consensus has been formed quickly: Bitcoiners can not care less than this sale. Throughout my conversations, the price of the Bitcoin drowning did not appear unless I put it.

A man named Ryan, who plans a transition from Tech to Crypto and did not give the latter’s name, said he was obsessed with Bitcoin price a few years ago. Now, he said he is no longer fading Market Although it is 50 % to 60 % of his net wealth in encryption. He said that the hot encryption market is also not cool.

Many others also run towards the encryption industry, even with some investors. They come from stable fields such as financing, not interested in what many might see as a danger. Their primary goal during the conference was to communicate, and perhaps meeting the following Vitalik Buterin.

Some of those present there were primarily to learn, including bright university students and retired professors. With luck, their tickets will be small investments for their Bitcoin’s possessions.

Peter Giasanco, one of the founders of the Crypto Startup company, was ever cautious about the “liberal types” that believed Bitcoin. Not skeptical of his melody in 2019 and is now a coding missionary. His parents and siblings on board the plane, and he hopes that his next cousin will be.

Why am I now a believer bitcoin border

Some of my conversations were abandoned when speakers took the theater, where they glorified the virtues of everything from the coding mining below Trump 2.0 For Bitcoin -backed life insurance policies.

However, I learned more than mixing in a lobby, where I spent most of the day. Sometimes, I will ask Bitcoin fanatics questions on your skeptic root: What deserves Bitcoin, and if there is no clear way to evaluate it, how can I make sure that it is an investment that is worth?

For most of my career, I wrote about stocks. Investors often differ from what companies deserve, which is why stocks are moving, but every person in the markets knows that the basic value of stocks comes from the cash they are now produced, issued in the form of future profits or profits.

On the contrary, Bitcoin does not create anything, as it is not concrete like gold or other goods. But this does not make it worthless; On the contrary, Bitcoin has many clear advantages on other encryption and even traditional currencies.

Limited Bitcoin offer, unlike most encryption and US dollar – which has been reduced by the value of inflation and Printing of the rampant money. It also works on a very emotional network, where there is a transparent network and the privacy of treatment as the governor is not connected to the names.

I appreciate the value of the Bitcoin network, especially for those Without viable banking systemsAnd they can see why its supporters see as a decisive store of value as the value of the dollar is reduced.

However, as I said to many Bitcoin teachers, it is difficult for me to buy Bitcoin because it cannot be appreciated by traditional standards. Who will say if it should be sold for $ 5,000, 10,000 dollars, or $ 510,000?

Nobody seems to be in mind, and one of the attendees thanked me for making an effort to learn. The Bitcoiners team agreed that there is no reliable way to evaluate the origin in a fundamental basis, although their trust is not related to a fair value formula.

Instead, the bitcoin issue for Bull fans focuses on the principles of supply and demand ECON 101.

Bitcoin’s offer was covered in 21 million. Nearly 20 million units are already circulating, including several million may be not recovered. The demand is steadyly, including the asset management giants such as Fidelity and Blackrock, which only put Bitcoin ETF in its model portfolio For the first time. Companies also add Bitcoin to their public budgets, even if they are few Go to the maximum Microstrategy. Decally, the Trump administration is also Extension with encryptionAnd even there was talking about building a Bitcoin strategic reserves.

Basically, thinking is that Bitcoin will be estimated with a decrease in the supply steadily unless the demand is dry. All evidence indicates that interest is growing, especially with the purchase of the main players.

Although I have not completely selling yet, I launched my Robinhood app and put a request for $ 300 of Bitcoin at $ 81,000. If the transaction persists, or when, I will hold for at least six months, so I follow the policy of trading our company.

I had some expectations when I arrived at the Bitcoin Conference. But although I was from abroad he had no encryption or worked in the industry, everyone was good and respectful. I can see why some seem to estimate the encryption community as much as the digital assets themselves.

When I left, I am happy that I consumed more than just a pair of iced flowers and Margarita is a happy hour. I went out with a better knowledge of the encryption and the world that supports it.

If you have left with an idea of ​​the winning investment, I just keep my fingers crossed.