We're witnessing a "PERFECT" storm for Bitcoin's supposed "Bitcoin 2.0 Use case", and yet here we are, following NASDAQ to the T and dumping, while Gold's reaching frickin' ATH's.
I'm disappointed.
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33 sats \ 0 replies \ @BallLightning 3 Apr
Yeah, I am sure it is going to zero now. After that it will continue to drop and will become negative and the owners of bitcoin will owe money.
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231 sats \ 0 replies \ @justin_shocknet 3 Apr
What? Major stocks are at muli-year lows while the corn is knocking on the door of relative ATH against indices:
The gold run is vault panic buying because shit is hitting the fan and nobody knows if their paper is actually backed by something. This is slippage, and the very reason it's pumping is from the fear that comes with the realization it's not transportable/verifiable like Bitcoin.
Also the last few times gold had runs like this it was under water for 10-20 years after, gold gets moved very infrequently because it's shit money, we're in the infrequent phase.
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43 sats \ 15 replies \ @028559d218 3 Apr
Rome wasn't built in a day. The people selling Bitcoin, I'm convinced, have never actually used it before....
People have to experience it to get it.
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5 sats \ 7 replies \ @fiatbad 3 Apr
From what I can tell, most Bitcoiners aren't interesting in "using" it (beyond just holding it) either. Kinda hard to expect the normies to use it when even the most hard-core Bitcoiners among us have no problem strolling into a coffee shop and paying with their fiat plastic.
The change starts with us, but we've colloquially chosen to do nothing.
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100 sats \ 0 replies \ @Car 3 Apr
speak for yourself, lot of people are working their tail off to get us just here, we have a long way to go but that is not because of us as a “group”
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0 sats \ 0 replies \ @ek 3 Apr
The change starts with us on the internet
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0 sats \ 4 replies \ @028559d218 3 Apr
We're... using it right now dude.
Stacker News is a PoW - inspired antispam system.
It's pay to post. What are we paying in? Sats.
Just because it's not a coffee doesn't mean Bitcoin isn't filtering out tons of spam and low effort... we're sending sats back and forth all the time.
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5 sats \ 3 replies \ @fiatbad 3 Apr
I know, that's true. I run a LN node and use LN often. I've bought tons of food, wine, experiences, and even been to at least a dozen coffee shops taking Bitcoin for payment.
What I'm disappointed about is the lack of Bitcoiners refusing to use fiat. There is no longer a revolutionary heart in this movement. Less than 1% of Bitcoiners are willing to do what it takes to enact change.
During the American Revolution, most colonists weren't willing to go to war with England either. All it took was 10-20% who were willing to die for what they believed. In the Bitcoin world, there's less than 1% who are willing, while the rest happily spend fiat and can't be bothered to learn how to live without touching fiat.
After almost 2 decades of Bitcoin, you'd think we'd be further along than zapping each other on social media platforms....
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5 sats \ 2 replies \ @028559d218 3 Apr
Stacker News didn't exist a few years ago. Nostr didn't either.
Nor did Zeus, nor did Phoenix, neither did LNaddresses or Bolt 12...
My opinion is that these things take time.
The 'man on the street' knows basically nothing about Bitcoin, just try asking the Uber driver if he 'takes Lightning'.
He just looks confused/unsure.
Then read articles in the newspapers and read the comments #908760
Basically zero knowledge about what Bitcoin is, and less than zero about Lightning.
What doesn't stop is the debt and deficits accumulated by governments... not to mention the political weaponization or mismanagement. Bitcoin will be here when people are really ready for it.
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5 sats \ 1 reply \ @fiatbad 3 Apr
Yea, I completely agree with you.
Pessimism is not my intent. My goal is to inspire people to care about this more.... to bring awareness to their own complacency around this important subject. To get Bitcoiners to take a stand a little stronger than the way they're taking now.
For example, I buy eggs from a local sound-money-loving Bitcoiner in my town. I have to go out of my way to arrange to meet just to buy eggs. It's more difficult than going to the grocery store, but it's worth it. These are the little things we all could be doing if we care about what we preach. Some are doing it..... but it's too few to make a difference. We don't need everyone doing it, just a healthy 10-20% of us crazy enough to make our lives a little more difficult by boycotting fiat to the extreme. 1-2% is not enough.
There are enough Bitcoiners to make a difference, but 99% are choosing not to. I think we should be going out of our way to use Bitcoin over fiat ...
I just think more awareness should be given to this subject.
OP's post here brought this rage out of me. Maybe I just needed to vent....
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0 sats \ 1 reply \ @Undisciplined 3 Apr
Totally, normies loaded up on ETFs to get “exposure”.
Even just normal portfolio rebalancing would have them selling a bunch, to buy more stocks on the way down.
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34 sats \ 0 replies \ @siggy47 3 Apr
Exactly right. Then add all the advice to flee "risky tech stocks" like bitcoin. What's the rush? Low time preference.
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0 sats \ 4 replies \ @Fabs OP 3 Apr
Oh fuck off, we're 15+ years in and it won't get any "better" than this, maybe we're the stupids after all.
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42 sats \ 2 replies \ @028559d218 3 Apr
You clearly haven't read the wall street journal comments section.
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0 sats \ 1 reply \ @Fabs OP 3 Apr
Nope.
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0 sats \ 0 replies \ @028559d218 3 Apr
#908760
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115 sats \ 0 replies \ @alt 3 Apr
15 years is barely any time at all. We're talking about a totally new, unprecedented concept of money, in a world where most people have never considered why money even exists in the first place.
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76 sats \ 0 replies \ @SimpleStacker 3 Apr
People still see bitcoin as a "risk asset" and by people here I mean the Wall Street traders
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70 sats \ 0 replies \ @Satosora 3 Apr
People are only interested in their fiat games.
They arent looking at the long term picture.
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5 sats \ 0 replies \ @HardMoney 3 Apr
You understand the alpha with bitcoin is that:
- the assets characteristics are very much a risk off asset (bearer asset, no counterparty etc)
- the market trades like it’s a risk on asset because 90%+ of the market doesn’t understand it
As that understanding increases the volatile upside price action will decrease because it’ll be priced in. Short term price action is all over leveraged speculation BS that doesn’t matter.
The only time I can remember when BTC traded like risk off was the Silicon Valley bank run which is an interesting data point.
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5 sats \ 0 replies \ @022fbc9cef 3 Apr
Gold is not reaching ATH. Dollar is weakening and gold is just holding. Fiat mindset.
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1 sat \ 0 replies \ @ek 3 Apr
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0 sats \ 0 replies \ @LibertasBR 3 Apr
Tracking the markets is for traders. Let them sell their Bitcoin ‘assets’ to those who truly know and want sovereignty. Blessed be the weak hands.
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0 sats \ 0 replies \ @SwapMarket 3 Apr
every. single. dip.
relax
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0 sats \ 24 replies \ @Jon_Hodl 3 Apr
Then sell and short it.
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0 sats \ 23 replies \ @Fabs OP 3 Apr
I will.
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21 sats \ 11 replies \ @ek 3 Apr
It will be hard to come back from this reply or #933279
@remindme in 1 month
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0 sats \ 10 replies \ @Fabs OP 3 Apr
Come back from what? I'm not selling everything, but a decent chunk and move on, as I fully expect the world to degenerate into a circus in the coming years - I'll cash out enough to hopefully ride it out, and see what's left after that.
Ain't no way I'm going through that shit-show as well.
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0 sats \ 9 replies \ @Fabs OP 3 Apr
And honestly? I'm simply disappointed in Bitcoin, or maybe not Bitcoin per se, but I've been shouting for years that BTC = Gold 2.0 but better yada yada, and now that it's time to prove itself, it's shitting itself.
I'm tired of "Oh but the people don't get it" well how's that gonna help? If they don't get it after 15+ years of constantly new ATH's and the recent adoption / credibility boost from big institutions et cetera, then they'll most likely never get it - what good is Gold 2.0 of it doesn't frickin' deliver?
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0 sats \ 8 replies \ @ek 3 Apr
do you know when the internet started? and how long it took for the internet to catch on? or other technologies like cars or planes?
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0 sats \ 10 replies \ @clr 4 Apr
HFSP.
Bitcoin is not going away.
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0 sats \ 9 replies \ @Fabs OP 4 Apr
Says Mr. 0.002 BTC.
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0 sats \ 8 replies \ @clr 4 Apr
Have Fun Staying Rich, if you are going to use your bitcoin for something meaningful, whatever that is.
If you are going to exchange it for euros, then HFSP. You have been warned.
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0 sats \ 7 replies \ @Fabs OP 4 Apr
Ever thought of buying back at a lower price? Because I don't see where the money for a rebound would be coming from.
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0 sats \ 0 replies \ @denlillaapan 3 Apr
Same, same.
Ridic
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0 sats \ 0 replies \ @Fabs OP 3 Apr
"Gold 2.0 Use case", Typo.
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