Jeff Booth on Nostr: When you’re pricing #Bitcoin in a fiat contract that is being debased (slowly or ...

When you’re pricing #Bitcoin in a fiat contract that is being debased (slowly or quickly) you are thinking as a trader.

Ie - I’m going to trade my #Bitcoin (at some price) for a money that must be devalued further (at some point)

While you may win a short term on the “trade”, the truth is that #Bitcoin is repricing everything. (Just some things are holding their value better than others)

And picking up pennies in front of a steamroller is a pretty risky strategy in my humble opinion!!!