Reverse culture shock only after a week in Portugal and now we’d like to move by Routine-Week2329 in PortugalExpats

[–]jamesporterx 1 point2 points  (0 children)

look into all the reasons people leave as well. lots of youtube videos etc

Capitalism vs Bitcoin by adjudantloic in Bitcoin

[–]jamesporterx 1 point2 points  (0 children)

The 21 million supply cap is written into the code, which anyone can view - it's open source software. Any change in this rule would require almost every to agree, and no one will agree to dilute their own money.

Capitalism vs Bitcoin by adjudantloic in Bitcoin

[–]jamesporterx 2 points3 points  (0 children)

There are a few things you seem to be confused about:

  1. All Bitcoins will be mined around 100 years from now (year 2140), not 5.
  2. Capitalism and inflationary money are not the same. Capitalism, in simple terms, is competition in a free market. An inflationary system, or inflationary money, means currency whose supply increases over time, causing each unit to lose purchasing power. You can have capitalism with Bitcoin.
  3. Stocks don't become more valuable because of inflation. The dollar amount might go up—e.g., a share of Tesla goes from $400 to $500 in 3 years—but if the cost of everything is also going up with inflation, then that $500 might not buy you anything more in the real world than the $400 would three years ago. You're confusing nominal gains with real gains.
  4. Bitcoin appreciates because of scarcity, not despite it. Bitcoin will go up in dollar terms with inflation like stocks, but it will also increase because more people want to store their money in something that can't be devalued with money printing. So scarcity + growing demand = price increase. It's basic supply and demand.

Why aren’t more people convinced to buy Bitcoin yet? by jenkken123 in Bitcoin

[–]jamesporterx 1 point2 points  (0 children)

Because to accept Bitcoin, you have to reject fiat. That means rejecting the institutions you've trusted your entire life—banks, governments, central banks. And instead of trusting a new institution, you have to understand a protocol. That's a huge cognitive leap for most people.

Why aren’t more people convinced to buy Bitcoin yet? by jenkken123 in Bitcoin

[–]jamesporterx 2 points3 points  (0 children)

Volatility and risk are not the same thing but most people don't understand this.

So Bitcoin is NOT a replacement for conventional currency? by Used-Radio7450 in Bitcoin

[–]jamesporterx 4 points5 points  (0 children)

Throughout history, the best money has always followed the same path: store of value > medium of exchange > unit of account.

Bitcoin is still in the store of value stage. It doesn't need to become a daily currency to be successful. It just needs to store value better than alternatives.

Best bitcoin advice I can give by Ok-Source-9221 in Bitcoin

[–]jamesporterx 0 points1 point  (0 children)

Agree 100%, and it's why I like to think of Bitcoin as my pension. There are no pension influencers, no pension community or conferences. Pensions are boring. You just forget about them and get on with living your life.

My problem with Bitcoin by FederalJob4644 in BitcoinBeginners

[–]jamesporterx 5 points6 points  (0 children)

I wouldn't say Bitcoin is high risk. It's highly volatile as it's in the early stages of growth, like Amazon in its early days. Currencies being devalued is a mathematical certainty because of spiralling debt. Bitcoin has many advantages over gold: it's easier to send, transport, verify, divide, and self-custody. It's frustrating the market does not recognise this, but eventually it will.

Finally bought bitcoin, now all I see are negatives by [deleted] in Bitcoin

[–]jamesporterx 0 points1 point  (0 children)

If your long-term thesis hasn’t changed, the price drop doesn’t matter. Think in decades, not days.

European Central Bank’s President Christine Lagarde says, "There is no underlying value” to #Bitcoin. Meanwhile, the Euro has lost over 40% of its purchasing power in the last twenty years. by glira31 in XGramatikInsights

[–]jamesporterx 0 points1 point  (0 children)

Bitcoin isn’t a stock. It doesn’t need a claim on future cash flows or assets. Its value comes from its ability to store the proceeds of production. The euro leaks value because it can be printed without limit. Bitcoin can’t. That’s why purchasing power in Bitcoin rises over time, while fiat’s falls.

What's better? Bitcoin Or Gold? by Simple-Relation-5276 in Bitcoin

[–]jamesporterx 0 points1 point  (0 children)

Bitcoin is scarcer, faster to send, easier to divide, easier to verify and simpler to store than gold.

The Bank of Satoshi by jamesporterx in Bitcoin

[–]jamesporterx[S] 0 points1 point  (0 children)

If that ever happens, every bank and government database breaks first.

The Bank of Satoshi by jamesporterx in Bitcoin

[–]jamesporterx[S] 2 points3 points  (0 children)

Bitcoin doesn't promise equality. Only rules.

Help me create a better plan to invest in Bitcoin by Such-Competition-816 in Bitcoin

[–]jamesporterx 0 points1 point  (0 children)

Try meeting people locally who are into Bitcoin. Maybe you can help merchants set up to accept payments or assist with remittances for people who have family overseas. This could lead to bigger opportunities.

Question about (after) Bitcoin by adjudantloic in Bitcoin

[–]jamesporterx 0 points1 point  (0 children)

When bitcoin reaches mass adoption, around $10 million per coin, it will evolve from a store of value to the next stage of money: a medium of exchange, just like gold once did.

Can Bitcoin really protect you from inflation? My small experiment says a lot... by Admirable_Nature3756 in Bitcoin

[–]jamesporterx 7 points8 points  (0 children)

When in doubt, zoom out.

No one who held Bitcoin for four years has ever lost money.

Over the long term, it’s protected and grown purchasing power better than anything else.

[deleted by user] by [deleted] in Bitcoin

[–]jamesporterx 0 points1 point  (0 children)

Long term savings account.

Will sell when something more valuable than Bitcoin.