RE: A look beyond BTC's price...

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I already see quite a few big companies start accepting BTC as payment for all sort of products and services.

The same thing that happened with gold. They took it out of the plebs hands and gave them bank notes.

Now they're willing to pay people with shiny products in exchange of their Bitcoin. Somehow history repeats itself.

The currency of earth he said... Man, we never learn. When Satoshi called it the future of money nobody rushed to buy it, when the meme lord says it BTC spikes $5,000 in a day.

I guess it's in our DNA, the middle and lower class, to sell cheap and buy high.

By the way, in my #askleo post of today I asked whether anyone would buy Tesla with BTC and no one said yes.

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Now they're willing to pay people with shiny products in exchange of their Bitcoin. Somehow history repeats itself

Not exactly the same thing but I get your point. Back in the day everyone possessed gold. Your grandma your parents maybe even you...just a hundful of people compared to world's population have access to BTC for now let alone that due to slow transaction times it can't be used to super markets or grocery stores...but for purchases like Tesla car...maybe a house...etc...

So most likely they won't buy shitty products but most likely something of value

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I was referring to how the paper money got created. It's true, buying a house with BTC makes much more sense than a cup of coffee. However the tendency is still towards the rich putting their hands on most of it.

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This ain't gonna change anytime soon...this is how it has been and this is how it will be in the near future. At least now poor fellas got a chance

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I wouldn't buy anything with BTC right now.

2021 Q4 I wouldn't buy anything with it, either, except for stonks, which I'd hold for a year until BTC and ETH are done correcting.

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When do you think correction will occur?

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About a year after the blow off top. The depth of the correction can be expected to be around 84%.

Many alts will correct for much longer and some will be be left to die in the wilderness.

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It seems to me that it is still too early to compare gold with bitcoin. And believe me, not every person at the level of DNA laid buy-sell

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