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Anyone new to Bitcoin will be in it for NGU. It is just reality. That's why we will see another bear market and the cycle persist at least for a while longer. (although it might be a weaker bear compared to the previous ones, I don't expect an 80% drawdown)
New people get in, get caught up in the hype, don't know what they own and then get scared and sell or they stick around and learn.
104 sats \ 6 replies \ @jasonb 19 Dec
At the risk of coming off as a total tool, I was in it for ideological reasons from the start. Have to admit that I’ve gone through multiple NGU phases since then, not to mention the initial shitcoin phase. But even when I was into shitcoins (for most of the time), I just didn’t realize what they really were.
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I don't mean to suggest that no one gets into Bitcoin for ideological reasons but I think the majority of folks are initially attracted to ngu.
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no one gets into Bitcoin for ideological reasons
I am the exception :) I got into Bitcoin for one thing only: FUCK THE GOVS AND THE BANKSTERS.
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You didn’t quote my full sentence. I prefaced it by saying I don’t mean to suggest.
Yes, we know you are in it for the right reasons.
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You are ... different ... and special
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Yeah, fair enough.
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Barber shop patrons tend to be less ideological lol
You must go to a fancy salon!
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You also have to look for the people that were and maybe are into silver and gold. They are there for the same reasons as we are into BTC, but they just don’t trust BTC any more than they trust fiat. They are good prospects to become BTC people.
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Yeah. I agree. I guess every cycle there is a certain percentage who actually stick around and put in the time to learn.
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when 58k ? 😂😂😂 I wish will go even to 10k or 1k so will wash away all the opportunists and fiat maxis.
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