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21 sats \ 3 replies \ @Catcher OP 24 Jul \ parent \ on: Diamond hands model is broken FiresidePhilosophy
How can you be certain where you are in the cycle? Or could you give couple of examples what do you mean by this?
Your personal adoption cycle of Bitcoin. If you joined 10 years ago it’s much easier to spend it now. If you joined 3 years ago like me not as much, but 7 years from now I’ll spend more of it in a circular economy. This assumes Bitcoin dies it’s thing and Fiat does it’s thing
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Got it, well it doesn't really work like this for me, it's doesn't make it easier for me to spend regardless if the DCA price is 10% or 50% below the current price which kind of brings us to the question of "unit of account". 100k sounds like a lot of money, even if you are a multimillionaire=) I don't know, maybe if your DCA price will be 1% or the market price the perception changes. We'll see.
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One percent
Five percent
Ten percent or less
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