pull down to refresh
10 sats \ 2 replies \ @Ge 18 Jul 2022
I believe there are stages in this sure I guess we can say it does in the short term because everyone is looking at it in usd...however when building and using and applying bitcoin to everyday life aka living on a bitcoin standard one does not really need to worry of the price last time I checked bitcoin is still up n running no matter what the media or those people who became a "crypto expert within a few monts....just keep focused and stay the path brothers and sisters and we will make it
reply
0 sats \ 1 reply \ @TheBTCManual OP 18 Jul 2022
There is so much temptation to stray from the path, those that stay the course will be richly reward, I just look at how these people who risked their bitcoin to earn yield and now they are rekt, they could have just self custodied and have been fine but you chose to get 6% and now you leave with 0%
I guess everyone needs to learn someway that the killer app is self custody
reply
0 sats \ 0 replies \ @Ge 18 Jul 2022
Rich is defined in many different ways you are not wrong sir. I was able to convince my step dad to just get btc only and cold storage etc... the defining line was do u really want to risk a whole coin for 3% gains...thats when it hit him and he said your right...
reply
0 sats \ 1 reply \ @selfish_gene 18 Jul 2022
для использования нет. для покупки или продажи за биткоин да.
reply
0 sats \ 0 replies \ @TheBTCManual OP 18 Jul 2022
Indeed but if you're not selling, that's already 1 use case where price doesn't matter and if you're buying with the intention to hodl, how does price really matter because it's a rounding error, getting in at 18, 20, 21,60 does it matter?
reply
0 sats \ 5 replies \ @jerry 18 Jul 2022
Yes of course Bitcoin price matters.
Bitcoin price is signal of where we are in the bitcoin financialization process. Just comparing bitcoin at $0.02 and $20,000 give people different perspective what this beast could become one day.
reply
0 sats \ 4 replies \ @TheBTCManual OP 18 Jul 2022
If price is the measurement of success you're only setting yourself up for failure because when it does revert, you're saying that bitcoin is failing. To me price doesn't matter, hash rate matters, wallets increasing matter, capital in lightning matters, velocity of satoshis matter. Looking at stats within the system
Worrying about the secondary market so much what does it really help? If you going to compete on a price a new shitcoin with its first cycle is always going to outperform bitcoin and normies will flock to it
reply
0 sats \ 3 replies \ @jerry 18 Jul 2022
If bitcoin price stay below this current price FOREVER, yes i would say bitcoin is failed to be what it supposes to be (or at least what I hope it to be), which is to replace central banking.
reply
0 sats \ 2 replies \ @TheBTCManual OP 18 Jul 2022
Why? If people are still using it in droves, who cares? If people are buying and selling and finding value in the network.
Do you really think people who are not on the Dollar lets say the Malawian kwatcha are going to care if bitcoin is at 20k? It's already worth more than 85% of the world can ever hope to acquire in purchasing power
reply
0 sats \ 1 reply \ @jerry 18 Jul 2022
sir, adoption drives prices. if we stay below say $20k forever, meaning there is no adoption. If got adoption, price will have to go up.
reply
0 sats \ 0 replies \ @TheBTCManual OP 18 Jul 2022
Adoption comes with time, the longer the network remains alive and active the stronger the lindy effect becomes, the fact that governments are irresponsible with their monetary system pushing people to bitcoin is secondary
reply