Investor associated more with traditional markets rather than cryptocurrency exchanges, Peter Brandt, sparked a Twitter debate about cryptocurrencies. In his opinion, “Bitcoin is an absolutely bad way to find value in life.” Overall, he entered the more philosophical areas of trading on the stock exchange.
Peter Brandt: do not live to invest, invest to live comfortably
Brandt seemed to be quite philosophical. In his opinion, investing in anything should not be considered a priority in your life.
Bitcoin is an absolutely bad way to find value in life. I trade to live, not live to trade
– he stated and added that Bitcoin should not be someone’s end in itself. So he suggested that cryptocurrency is only a source of income generation, not something like a hobby or a modern idol.
$ BTC is absolutely the wrong way to find value in life. I trade to live rather than live to trade. Bitcoin makes a very bad master.
– Peter Brandt (@PeterLBrandt) March 28, 2021
By the way, Internet users noted a certain pathology of the cryptocurrency market, noting that some investors take part in “Rat Race.”
The problem is that most people in #crypto are in a rat race 🤦🏻♂️
– 💎Miguel Rafael Ileto Carlos 🙌🏻 (@MiguelICarlos) March 28, 2021
The whole discussion was provoked by Laura Shin, a well-known journalist from the cryptocurrency market. As she wrote, people write sentences to her like: “Have fun remaining poor”. She herself, she claims, does not own a single Bitcoin (or parts of it). However, she explained that she believed she was leading a more interesting life anyway than many investors in the digital currency market.
To the people tweeting at me “have fun staying poor,” and that I actually do regret not owning Bitcoin for now, I’d like to say: 1) I’m having the time of my life. And I consider myself rich in many, many, many things that other people do not have – just not BTC, for now
– Laura Shin (@laurashin) March 28, 2021
Overdosing with Bitcoin
Actually, Brandt and Shin entered an important and interesting topic. In fact, many investors in the digital asset market fall into a kind of fanaticism and see BTC as more than just a tool for trading and speculating. Are they right? Opinions will probably be divided here.
SwanBitcoin’s Brandon Quittem tweeted that the best cryptocurrencies on the market help nurture various important values:
Bitcoin fans value independence, property rights, honesty, truth, etc. Bitcoin is the realization of these values.
Bitcoiners don’t view #bitcoin as “an asset to trade.”
Bitcoiners value self-sovereignty, strong property rights, honesty, truth, etc.
Bitcoin is the implementation of these values. https://t.co/icu2Su0Ngn
— Brandon Quittem (@Bquittem) March 28, 2021
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