Activity Lesson 5

RasShango · February 17, 2021, 8:36pm

memes-about-bitcoin-cryptocurrency-mining-and-ico

Bitcoin is very much like this because of its proof of work, neutrality and its use case. Many people buy Bitcoin only to sell it when they should hodl it. In this case we have the suggestion that Bitcoin whales are simply waiting for weaker hands to sell their bitcoin and thus increase their bags. This is due to Bitcoins strength as an asset based on its many different characteristics. Its not money but it is, Its not an asset but it is. Much like the platypus Bitcoin has created its own class and standard.

pmilo · February 18, 2021, 2:13pm

https://www.google.com/url?sa=i&url=https%3A%2F%2Fwww.pinterest.com%2Fpin%2F789889222120499825%2F&psig=AOvVaw0aARzhqt9FgH2pTBa3Hd5W&ust=1613743654996000&source=images&cd=vfe&ved=0CAIQjRxqFwoTCOiT9LvO8-4CFQAAAAAdAAAAABAD

Conveys attitude to money once onboard with crypto.

Eric_Roberts · February 18, 2021, 3:24pm

This meme contrasts fiat currency’s inflationary nature with Bitcoin’s deflationary nature. Although it is a simple meme, its simplicity increases its effectiveness by focusing primarily on purchasing power (i.e. something that we can all understand).

FerfiC · February 18, 2021, 7:44pm

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Even if it is a currency not yet broadly used, it doesn’t mean that in a few years it wont be be used as a native currency.

Iceman085x · February 18, 2021, 8:38pm

This meme shows how effective bitcoin is at retaining its value compared to the currencies we use today.

bitpxy · February 18, 2021, 8:39pm

Holding FIAT is outdated, interest rates are manipulated, FAIT is going take a long time to change.

Vikthor · February 19, 2021, 5:22am

This shows the real worth of BTC in comparison to USD.

klaessens · February 19, 2021, 1:30pm

An entertaining meme that describes the inherent characteristic bitcoin has by having all participants being incentivized in making the network safer through reward-systems designed for miners.

mars1 · February 19, 2021, 2:02pm

This image communicates the nature of bitcoin monetary properties. Early adopters are rewarded over time just by holding the asset. This is a result of the disinflationary nature of bitcoin demarcated by the so-called “halving” event, where inflation is reduced by halving of the block rewards. The total supply of bitcoin is therefore capped at almost 21 million.
The meme depicts the psychological turmoil or struggle caused by bitcoin in price discovery.

credit: https://www.reddit.com/r/Bitcoin/comments/80bdfo/it_would_be_so_easy_then/
u/old-man-blorp