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21 sats \ 0 replies \ @kepford 9h \ on: Have fun tearing this apart, stackers: “BITCOIN: ALL THAT GLITTERS IS NOT GOLD” bitcoin_beginners
The Bitcoin Dilemma: I’ve been following Bitcoin for years, and I’m seeing a deeply troubling pattern. People want it both ways: they dream of Bitcoin soaring 10% in a single day, filling their pockets overnight, but they also want it to act like gold—a steady, reliable asset to turn to in times of crisis. But here’s the reality: Bitcoin is wild and unpredictable. It can rocket to the moon, yes—but it can also plummet down like a stone. If you're in this for the long haul, you’re in for a rollercoaster ride that could have you reaching for the valium.
This is fair but is more of a description of fiat minded humans that will learn some hard lessons. Once you really understand what bitcoin is... you don't think about bitcoin in this way.
This guy gets so close to something and then misses it. Bitcoin is like gold in many ways. But imagine a better gold was discovered that doesn't have many of the problems of gold. What would happen? Well people would speculate on its value. That's what is happening now. Even those of us that aren't traders. We are speculating that bitcoin is the best money. No matter what we believe others don't agree so until they change their mind the purchasing power of bitcoin is limited. As more of bitcoin's utility is demonstrated more people will see it as valuable. This will make it more desirable and those that saw this fact earlier will be rewarded.
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