Cykros on Nostr: Stop staring at the screen and go hustle up some fiat; it gets a lot less depressing ...
Stop staring at the screen and go hustle up some fiat; it gets a lot less depressing when you're buying at these prices.
Besides, we keep trying to extrapolate from prior trends, forgetting how many of these prior extrapolations are laughable at this point. I don't buy the diminishing returns rhetoric, regardless of the trend; you don't move $900T into 21 million and expect it to slow down this early. The problem with bitcoiners is how quick most of us are to discount the movements in the fiat macro backdrop. We literally have a president and treasury secretary right now hell bent on killing the stock market to prop up the bond market so they can refinance the national debt. Expecting that to not have an impact on the price of Bitcoin (and everything else for that matter) is silly.
The fun starts once that national debt has been refinanced and they switch gears into inflating it away, while simultaneously buying Bitcoin to recapitalize.Times like these aren't the ones to be sad the price is down, they're the times to be wondering "how attached am I to these morals that are preventing me from getting fiat to buy bitcoin faster?" Might not suck feet for marijuana, but for $100,000,000? I jest, but only a little, given that frankly I think there are service industry jobs out there that are more demeaning than the lives of some in the sex industry, with a lot lower pay.
Obviously you could cut out the middleman, but as we know, folks with Bitcoin right now aren't the quickest to spend it.
Besides, we keep trying to extrapolate from prior trends, forgetting how many of these prior extrapolations are laughable at this point. I don't buy the diminishing returns rhetoric, regardless of the trend; you don't move $900T into 21 million and expect it to slow down this early. The problem with bitcoiners is how quick most of us are to discount the movements in the fiat macro backdrop. We literally have a president and treasury secretary right now hell bent on killing the stock market to prop up the bond market so they can refinance the national debt. Expecting that to not have an impact on the price of Bitcoin (and everything else for that matter) is silly.
The fun starts once that national debt has been refinanced and they switch gears into inflating it away, while simultaneously buying Bitcoin to recapitalize.Times like these aren't the ones to be sad the price is down, they're the times to be wondering "how attached am I to these morals that are preventing me from getting fiat to buy bitcoin faster?" Might not suck feet for marijuana, but for $100,000,000? I jest, but only a little, given that frankly I think there are service industry jobs out there that are more demeaning than the lives of some in the sex industry, with a lot lower pay.
Obviously you could cut out the middleman, but as we know, folks with Bitcoin right now aren't the quickest to spend it.