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SoV doesn't mean speculative. Holding Bitcoin isn't a wealth accumulation method like stonks, its for wealth preservation.
Growth and hype made it appeal as a get rich quick scheme (because some people got rich quick) but that won't last. If SoV will go, Bitcoin loses the only moat.
Well it looks like its going dude. You would think with all the instability uncertainty in the world digital gold would at least hold value but... No.
It looks today more like hot potato money. Buying non-kyc for a premium or kyc for a small premium... There is already a spread and if the exchange rate almost immediately drops then what's the point. You hurry to spend it right away... Like the Argentinian Peso but with MoE difficulties as its not widespread accepted so you have to find somewhere to use it.
Bitcoin's slogan: slightly better than the Argentinian Peso maybe lol
I don't think it's going yet. It can be that it'll be a lot cheaper for a longer time. Sucks if you're a pensioner and you converted your entire stash into sats at ATH, but if you're not, you just gotta be productive. You should have been doing that, no matter how rich you think you are. So there's a small group of reckless people that may get hurt, but for everyone else it'll be fine.
Don't buy, earn.
I honestly think our biggest problem isn't ngu or ngd exchange rate... Our biggest issue is the inability to self reflect and course correct.
Why aren't people more educated, why they don't 'get it' and why aren't there more 'bitcoin users?'
Right now its too few people who appreciate it and that's probably what's causing the volatility. If we were a company would be having these discussions... Where are we, what can we fix, and how do we do better? But we don't have those discussions bitcoin is 'decentralized' and so people don't know what to believe.
I would hold bitcoin till it went to zero.... I believe in it and have commited myself to it but my position is not everyone's so that's probably not widespread applicable
If we were a company
Bitcoin is a protocol, not a product. Is a competing protocol seeing more usage? I don't think so.
people don't know what to believe.
I don't need people to believe. I need people that want to use it, to use it. And people that want to use something else, to do just that. And then when they get rekt, we'll still be there. Not because we believe. Because we make it so.
I vote Saylor sell more coins. How about all. At once.
Im here for he carnage LOL
Optimism bringing out the big guns
I love bitcoin and I love the technology, i don't think its speculative...
But apparently the world doesn't feel that way. Looking a bit more like a shitcoin as of late tbh
Edit: hodl gold or tether gold... Then swap to lightning when you want to spend a little, then swap back to egold usdt to save that's where we might be headed
And on top of that if bitcoin is just 4 year cycles... Then just buy all the way to the calendar top in late October and then sell into usdt to hold till... Early January the bottom year. There would be no need to 'hold' bitcoin long term at all