Dan on Nostr: As much we Bitcoiners like "price go up", the slow and steady price appreciation in ...
As much we Bitcoiners like "price go up", the slow and steady price appreciation in relation to other assets, and recognition or network size, is more important long term.
If anyone tries ro push down the price of Bitcoin in dollars, it only helps Bitcoin long term. If someone sells for 60k a load of bitcoin they paid $1000 for , the odds are that the buyers were multiple entities with newer wallets.
As the network speads in size and power at a lower psycological price barrier to entry, this means that more ground level users will benefit longer term from the technology, thus making it stronger
They say people come for the profit and stay for the movement. I'm finding that to be true.
The more people try and "game theory" bitcoin, the more they walk away stunned at how handily it wins the game.
If anyone tries ro push down the price of Bitcoin in dollars, it only helps Bitcoin long term. If someone sells for 60k a load of bitcoin they paid $1000 for , the odds are that the buyers were multiple entities with newer wallets.
As the network speads in size and power at a lower psycological price barrier to entry, this means that more ground level users will benefit longer term from the technology, thus making it stronger
They say people come for the profit and stay for the movement. I'm finding that to be true.
The more people try and "game theory" bitcoin, the more they walk away stunned at how handily it wins the game.