I just got done watching a video of some crypto youtuber talking out of his ass to "noobies" in the crypto space talking about how they are retarded for selling their btc because it just jumped up $600. Listen people its hard to not start cussing all pissed off like some drunken sailor about this because I am very passionate and a bit of a realist when it comes to how things are economically.
Listen there are pumpers in every market beanie babies, gold, silver, cryptos, mens hair regrowth tablets... the truth is some things are easy for people to buy. They have a "name", a use, there are many factors in what has value. People that hold bitcoin and advocate it need to stop telling people they missed out. How you gonna say someone missed out and now its too late to buy in under $3000 when supposedly its going to $500,000 in 3 years or higher? that makes zero sense especially if the person traded when it dipped and they were still in the green for hard assets.
"Diversification is key in a world of elitism"
Now sure they lost out short term and now have to make a correction on their own if they chose to buy back in but enough of this you missed out I told you now you lose bullshit. Diversification is key in a world of elitism. If you are going 100% into crypto its obvious you deserve to have a show and talk about all the ups and downs. I on the other hand am not. I'm not 100% anything unfortunitally people these days want to be told their decisions they are making for "themselves" is right. I'll be the first to say you could be wrong. Set yourself up to be able to regain your leverage in a changing market. For some of you bitcoin is how youre doing that but you cant rely on just one plan to blast you into the atmosphere. What if the ignition switch doesn't work? Wouldn't it be nice to be able to get out of what that "rocket" you already own and also get into another rocket you own and ride that one? If your ultimate goal is to skyrocket does it matter which vehicle it takes to get up there?
Don't be the guy that has to have the pink one.(or the red one, or the one that people think is cool because it has glitter and streamers on it.) Ride the rocket that functions as a rocket!
Anyways back on topic. A Lamborghini you can swoop up around $80,000 used. (Depending on what model you would like some models can be up to millions of dollars even used.) That is roughly 30 bitcoin right now.
30 bitcoin.
Not only would you need 30 bitcoins RIGHT NOW youll also need to pay to register the car, Insurance, Gas, and service fees.
Could you afford that right now? Some of you could. I know its tempting to pull up to the club in a Lamborghini with a blunt in your mouth some fine senioritas and a bottle of patron but yeah. Youre gonna need more then a one time payout.
In 3 years Where do you see the U.S. Dollar? Not really sure personally. Bankers could basically play this manipulation game until the cows come home. In the end of the day everything we buy in America is u.s. dollar. Even when purchasing off of websites that accept bitcoin they use a third party to do the transaction and insure the loss if something goes wrong. in 3 years do you really think if it costs $1000 for a loaf of bread or even $100 you think that Lamborghini used is still going to be under $100,000? What about GAS prices?!!! These are huge factors that need to be paid attention to.
I do not think it is a healthy thing to get into peoples heads that they will be able to buy a brand new lamboghini in a few years if they buy one bitcoin right now. It simply does not make any sense. The whole problem with the world is most people live outside of their means. They do not appreciate the camry in the front yard with new wheels and a paint job. They need some flossy car to pull up and impress people. You need to do some serious math in your head right now you need to figure out what is really going on and what is better for you? Have that flossed out car in 3 years and go broke or upgrade what you have (Jesus Christ pay off what youhave currently) and put your money into something else if you bitcoin investment idea ended up being a good idea. Might as well keep a little of it just because its been good to you and try something new.
Anyways please do not go out and buy new lamborghinis with all your money you make. I know people are planning it but seriously It does not sound like a good game plan. Not to mention fuel efficiency I didn't even start with that.
Also How many people hold one bitcoin that you think will buy a lambo if they "can"? Wont that put hundreds/thousands more in demand and suddenly have more lambos out making them less rare?
Another thing how much do you think one of these bad boys will cost you in 5 years?
![](https://steemitimages.com/640x0/http://s3.freefoto.com/images/09/16/09_16_59_web.jpg)
Probably a million.
Now if you still value my opinion after all this bullshit drop me an upvote so I can continue bringing you this kind of anti bitcoin Rhetoric to Steemit. I am a fan of blockchain technology and think it is a great invention in this world but it is not the end all be all that the world "needs". Also Id like to ad criticism and questions to the space I have if something cant be answered it is obviously a problem. I am all about creating a solution to a problem and fixing it not pretending it doesn't exist and hoping it will never come back.
![](https://steemitimages.com/640x0/http://i.imgur.com/GXKeikd.jpg)
@danielownsall
Great writeup!
Keep sharing great content.
THanks!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey thank you for your input!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Speaking the truth brother. What if the dollar gets so low that a loaf of bread costs 1 bitcoin? Ppl don't think about that. IMO you shouldn't be buying Bitcoin you should be EARNING it. Through avenues like Steemit, by trading on the markets, by using services which allow you to receive bitcoin for goods and services. This does two things:
one the risk is lower because you are not depleting your current liquidity by converting it to bitcoin and paying fees, etc.
two you value the earnings more because you WORKED for it. Therefore you will value how it is spent equally.
If you get so big that you can afford the Lamborghini and its subsequent ownership/operating costs great! But priorities, priorities, priorities! If this is your first cashout, it probably is not enough.
Be safe, trade safe
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit