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Bitcoin is different than any other financial market on Earth and this is why it is special. The first trait that will immediately pop into people’s minds is its volatility. During bull markets, Bitcoin’s price goes parabolic and soars above all expectations, changing people’s lives forever. With upside volatility also comes downside volatility. Prices can fall even faster causing some people to lose everything.
With that said, its extreme volatility isn’t its defining factor. The truth is that the most important trait surrounding Bitcoin is the actual community supporting it. After you finally learn about Bitcoin and completely fall down the rabbit hole. That is when you will know that it's the community that not only separates Bitcoin from other cryptocurrencies but all financial assets as well.
The harsh reality is that Bitcoin should have never made it this far. It had extremely large obstacles that it needed to overcome, and even then its success wasn’t guaranteed. For example the challenge of actually obtaining value. Since Bitcoin was the first the first cryptocurrency it didn’t have a price when it was created, and people didn’t even want it if it was given to them for free. Going from $0 to having real value is a monumental task.
But it doesn’t stop there.
While its first struggle was adoption and finding a price, most people forget how scary times were in the beginning. There were legitimate fears that it owning Bitcoin would be considered illegal and a prisonable offense. That it was inevitable that countries such as the US or China would soon ban it.
Those times were scary, but the most difficult of them was the uncertainty of Bitcoin. Something that most people take forgranted today is that Bitcoin’s price is relatively safe. For more than a decade Bitcoin has seen endless FUD, rivals, obstacles, doubters, bear markets, and hundreds of times being declared dead by the media.
However, through it all, Bitcoin has stood up each time, gotten stronger, and climbed even higher. People entering the Bitcoin market today are predicting how someday one full Bitcoin could be worth $1 million. Very few of them are even thinking about the possibility that its price could go to zero. In fact, while Bitcoin’s price could go down, the likelihood of it reaching $0 is incredibly low. A handful of years ago that wasn’t the case. “Dollar-cost-averaging” into Bitcoin wasn’t a thing, and there was a legitimate fear that we would lose everything we invested. People thought we were crazy or into drugs for buying it.
That couldn’t be farther from its current situation. Today it is legal tender in El Salvador and some of the largest companies in the world have put it on their balance sheet. While investing in Bitcoin is still very risky, there is much less uncertainty than there was years ago.
During that time Bitcoiners had to be different. They had to have a vision for the vision and a willingness to try and change the world. Bitcoiners also needed to have conviction and be stubborn. While everyone was telling us how we were stupid for buying this, we had to maintain our confidence. This is no easy task, and that is why so many people have left this market before Bitcoin could change their lives forever.
Something happens to you after you have been in the Bitcoin market long enough. Your financial literacy goes through the roof. You will have become much better at saving, budgeting, investing, and having your eyes opened up to how the world really operates. Even if Bitcoin did go to zero someday, having these skills would allow you to pick up the pieces and still be successful in the future.
Bitcoiners are different, and that is why BTC has succeeded and will continue to succeed in the future.
How about you? What makes Bitcoiners different
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As always, thank you for reading!
