I don't engage with people irl about bitcoin generally, if i hear some MSM nonsense, I tend to ignore it because these people are often clueless.
however, occasionally, i will see a facebook thread discussing inflation and bitcoin will come up as an inflation hedge or something then someone inevitably says:
'well you know, inflation isn't bad, it's deflation you have to worry about!'
then Japan's so-called lost decade is immediately referenced as a check-mate!
naturally there is never any discussion about what caused the boom and bust in japan, never any nuance.
i just wonder how these people watch their food shop get more expensive every few weeks and think 'no, this is great' and somehow think that without inflation people would just never buy anything because they expect life to always get cheaper. yet they are cool with Moor's law and tech getting cheaper - that's somehow good
like at what point in their formal education did they accept the old wisdom of saving money is now bad, and actually, if you don't spend all your money the whole economy will collapse.
what are the most annoying or triggering things you guys hear out in the wild?
Its not that they hate bitcoin, its that they hate themselves for not getting in at the right time, so now all they can do is bash it.
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some peopel for sure have this, others are just like, what if they just click a button and make more etc, totally clueless
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They say many things but the one I hear most is that BTC is a bubble without knowing everything that is in BTC. They don't consider that it is decentralized, scarce, portable and a safe haven for value apart from its technology. But they only see the price when it goes up and when it goes down.
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they never consider the fact that bubbles don't last 15+ years either. like they can't even be consistent in their own counter points, such lazy thinking
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It is true that the bubble or ponzo has lasted more than 15 years and has reached historical highs. The only thing that makes them think it is a bubble is the volatility. They have no other arguments.
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a good ponzi can last a long time, like Madoff yeah, usually most bubbles are much shorter and after the bust they don't come back. whereas btc always comes back stronger than before
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15 sats \ 1 reply \ @Xlindo 29 Oct
Literally Bitcoin is the phoenix
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it 100% is
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Here is an excellent collection of all kind of nocoiner excuses https://nocoinerexcuse.com/
Do you want to know more funny things like this? Visit my github resources page: https://darth-coin.github.io/resources.html
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it;s like if buttcoin was a site lol
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hahahaha good point! They should rename it "buttcoiner excuses"
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"oh yeah.. I trade Bitcoin...blah blah blah, stonkz, invested mentss".....🥱
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i would say the bitcoin stonkz trader is preferable to the hater lol
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