12 sats \ 0 replies \ @Brunswick 14 Jun 2022 \ on: Where do we go from here? bitcoin
The fact that there are people who don't understand the value of bitcoin and are trading bitcoin, doesen't change the intent behind those who do and aren't selling their bitcoin. The percieved value of bitcoin by those who understand the reality of it, have a value in-mind and wouldn't consider selling until it reaches a 'future stable price'. At that point, you would only sell it for actual goods and property and the fiat debt notes will be irrelevant. This is the HODL-bank, and it continues to go up. A day's price may fluctuate wildly, but remember the relative volume is minuscule compared to that held by HODLers. The actual depth of the sell-side of the markets can't have enough quantity to matter in the long-view.
We should celebrate dramatic dips in price, even "total collapses" and "record bare market indicators" for obvious reasons. Bitcoin has died many times. We know the future, we've been through this before, and what is happening today is exactly what we knew logically would eventually happen to the world fiat economy. This collapse is for what bitcoin was invented and why it was designed the way it is, to prevent another collapse from happening again, to prevent another runaway empire from dominating the world again, to prevent mass theft, rape, assault and murder by arrogant narcissistic puppets and their masters.