Why Buying a Bitcoin Today is Like Buying a House in 2010
Today could be one of the best times in history to get your piece of financial freedom. Here are logical reasons you may want to consider becoming a wholecoiner right now!
I bought my house in 2010. At the time, twelve years ago, I was down 50% in value on the condominium I had purchased five years before. It was the most challenging financial decision I made. It was also the best. Interest rates weren’t rock bottom (around 5% on a fixed 30-year mortgage), and I had to come up with a 20% down payment. I had the luxury of being picky about the home I bought because so many of them were on the market then. I know I couldn’t purchase my house today for its current valuation.
I have a strong feeling in twelve years; people will be looking back at this time and saying one of two things: “Man, I’m glad I became a wholecoiner in 2022.” Or, “Geez, I can’t believe I had the opportunity to buy a Bitcoin for under $20,000.” So there are several logical reasons I want to share with you about why you should consider becoming a wholecoiner during this bear market.
I own Bitcoin and buy it daily. I am biased. I have conviction in my investment, and my thesis is based on Bitcoin equating to money combined with technology. When we combine anything with value to technology, it gets adopted quickly. The internet equals information combined with technology. Uber combines taxi service with technology. Text messaging combines notes with technology. The list is endless, and the evidence is clear. But in this piece, I want to dig a little further into why now is the time to embrace Bitcoin and ensure you get your share of the future.
Reason #1: Right now, you are buying Bitcoin that is being foreclosed upon
Do you think most of today’s sellers in Bitcoin are selling because they want to rid themselves of an asset valued over three times higher in the past year? Most of the selling we are witnessing has been caused by liquidations, leverage, and forced sales. It’s a shame, but it appears that Celsius is selling retail crypto to whales at a massive discount. As a Celsius customer, I cannot do anything with my crypto. Meanwhile, it appears…