Who shouldn’t buy bitcoin? Here are 20 reasons not to invest in cryptocurrencies

Although bitcoin has already infatuated millions of people around the world, investing in the most popular cryptocurrency is not for everyone. In fact, it can humiliate anyone who doubts and distrusts it, and few can handle such humiliation.

If you’re one of those people, here are 20 reasons why you should stay away from bitcoins.

If you think bitcoin is just a speculative asset

Then don’t buy bitcoin. If you don’t understand that it is a digital monetary system, a million times better than the physical money network, don’t even consider buying bitcoin.

If you think bitcoin is a pyramid scheme

If you share this view, you are completely wrong. According to the US Securities and Exchange Commission (SEC), in order for something to be called a so-called Ponzi scheme, it must meet certain criteria. Bitcoin does not meet any of them. So you’d better stay true to the euro, the world’s second largest Ponzi scheme after the dollar.

If you think bitcoin will never break the $69,000 threshold

If you don’t believe that bitcoin will surpass its all-time high, then don’t even consider buying it.

If you believe that printing money will save the economy

Then prepare for a rude awakening and don’t buy bitcoin. The central bank system is built on endlessly printing money and letting it circulate. It is the path to neo-feudalism and it creates the high inflation we are experiencing right now.

If you think bitcoin will never go below $38 000

You should not buy bitcoin. For a long-term investment in bitcoin, you need to ‘have balls’.

If you are afraid of volatility

If the sight of bitcoin price fluctuations makes you want to tear your hair out and bite your nails, bitcoin is not for you. Bitcoin has always been volatile because it is traded 24 hours a day, 7 days a week, at 100 times leverage. But above all, it’s still a relatively new technology. No one has expressed bitcoin’s volatility better than Michael Saylor when he said, “Bitcoin is volatile, but it will always rise.”

The government will take care of you

If you still blindly trust the state, just give up. Bitcoin is not for you.

If you think inflation is temporary

Then don’t buy bitcoins and keep your euros in your bank account. But don’t be surprised when negative interest and inflation eat away at your money afterwards.

If you believe that gold is better than bitcoin

If you believe that gold is a better store of value than bitcoin, you are delusional. It’s akin to dismissing Google Maps and using a fold-out map instead.

If you think bitcoin consumes too much electricity

Don’t buy bitcoins. But then you should also sell your hair dryer, your refrigerator, and even your Christmas lights. And while you’re at it, cancel your bank account as well, because the banking system consumes much more energy than bitcoin.

If you believe that by not owning anything, you will be happy

If you see the sense in this World Economic Forum (WEF) mantra, then hurry up and donate all your remaining assets. Feel free to do the same to me. You’ll be happy long before 2030.

If you’re angry that billionaires are getting richer

Then just don’t buy bitcoins. Instead, start a communist revolution and try to stop the billionaires. I wish you the best of luck.

If you’re not trying to get ahead every day

You are not on this planet to just survive, you are on this planet to thrive. If you keep doing the same things, living in the same place, working for the same boss, and have an outdated vision of the world, you are a desperate person. Life is like riding a bicycle, to keep your balance you have to keep moving. If you don’t want to move forward, you better not touch bitcoin.

If you are a believer in the Great Reset

If you are so blind that you can’t see the lies, you probably don’t even understand what is coming at you, then you need help. Seriously.

If you believe that CBDC is the evolution of money

Central bank digital currencies (CBDCs) have a vital role to play in the “great reset”. They are arguably the greatest threat to human rights and freedom in history. So if you want the state to control all your transactions and be able to block your money at any time or withdraw it straight from your account, there is no help for you.

If you have never read more than three articles about bitcoin

If you don’t understand bitcoin, don’t buy it. The vast majority of people in the world still don’t know what bitcoin is. And then there’s the small group who have never read even three articles about bitcoin, but have already made up their minds about it. What I’m trying to say is that you shouldn’t buy bitcoins unless you want to spend more time self-studying.

If you’re afraid that bitcoin might be confiscated from you

Then I beg you, never buy it. Yes, the state can freeze your cryptocurrency account, but no one can take it out of your hardware wallet.

Original Author: Rastislav Vasilisin (external contributor to Trend.sk)