Buy Bitcoin before they do!

Photo by Executium on Unsplash

Who’s they you ask?

• Institutions
• The whole country of El Salvador, who not only legalized Bitcoin as legal tender, but is also going to “airdrop” every eligible citizen $30 worth of $BTC
• Criminals
• Law enforcement agencies
• @fartface2000
• Me
• Anyone with access to the internet or a Bitcoin satellite node.

As you can see the truly decentralized nature of Bitcoin allows for anyone who wants to participate the ability to do so! With the current total number of global internet users at ~4.66 billion, and the current amount of unique Bitcoin addresses at 38.5 million, the potential of maximum Bitcoin holders seems to still be in its infancy👶.

But don’t let these stats fool you, there is NOT enough Bitcoin to go around!

21 Million Bitcoins

“I trust 21 million hard cap — it’s simpler, easier, fool proof.”

According to the “tokenomics” of Bitcoin, there will only be a total of twenty-one million Bitcoins that will ever be able to exist. At the time of writing this, there is currently 18,745,200 Bitcoins in existence with only about 2.25 million left to be mined. With there currently being a total of at least 4.66 billion internet users this leaves only about 0.004 Bitcoin (~$139 currently) per person if the current supply of Bitcoin was evenly distributed amongst total internet users.

If these stats alone don’t convince you on the true scarcity of bitcoin, you’re not gonna make it!

What if Bitcoin crashes? (lol)

Bitcoin has proved time and time again that no matter how many time’s it has “crashed” it’s always recovered usually breaking new ATH.

The graph is derived from Metcalfe’s law that states that the value of a telecommunications network (fax machines, telephones, etc.) is proportional to the square of the number of connected users of the system. Companies like Facebook and Tencent showed that Metcalfe’s law, originally presented in 1980, held for both.94% of the price movements from 2013–2017 has been explained by this law. -www.theinvestorspodcast.com/

The chart above shows the logarithmic growth of Bitcoin based off of the amount of users. I believe this data shows that just by simply holding, or “HODLING”, Bitcoin for a long enough period of time, your investment should grow as the number of users begin to grow, i.e. mass adoption!

So how do I buy this wonderful Bitcoin?

I’m glad you made it this far and are ready to purchase your first Bitcoin. Lately I have been using Gate.io to buy bitcoin online. You can sign up using my link by clicking ➡ here. Full disclosure by using my link we both get a portion of my referral rewards 😊.

*not financial advice! If you liked this article you can find me on twitter @imfromwaco or check out my page ➡ y.at/👁👃👁👉🍕