rajatsonifinance on Nostr: 18-24 months from now, there will be people who are excited about Bitcoin entering a ...
18-24 months from now, there will be people who are excited about Bitcoin entering a bear market, because "this time, it's going to 0."
And then 4 years after that, and 4 years after that, and 4 years after that...
You get what I mean.
Bitcoin is never going to 0.
People who wish Bitcoin goes to 0 can't imagine being wrong about something.
They missed out and now they want everyone who DIDN'T miss out to suffer.
Just like the supply of new BTC is scheduled (it decreases 50% every 4 years), so are the crashes.
On a sound money standard, NO ENTITY IS TOO BIG TO FAIL.
When the price of Bitcoin goes up, retail investors get confident and start lending their BTC to financial institutions and making terrible decisions.
These financial institutions start lending coins irresponsibly to earn a profit.
In the legacy financial system, mistakes are forgiven by providing bailouts. This is because the legacy financial system is built on fake money (fiat currencies) that can be created out of thin air.
On a Bitcoin standard, there are no bailouts.
If you make mistakes, you're going to be taken out.
A few months after April's halving, innovation will be at its peak. Anyone who built during the bear market will probably be very successful during the bull market.
When the price of Bitcoin rises as a result of supply being cut by 50%, new businesses start offering services and products that are of immense value.
But not all of these companies are doing what they say they do...
After two years of prosperity is when the scammers are exposed (eg. FTX, Luna, etc).
Over the next few years, we'll go through the same cycle that we went through the LAST few years. We'll hit a higher high. Then we'll hit a higher low. Then we'll be back to 50%-60% below the previous all-time high.
This will happen over and over again until we are no longer using USD to value Bitcoin.
With each cycle, there's more adoption - more people learn how Bitcoin works and they start moving their fiat wealth, which is worthless, into the scarcest asset in the world.
In the next 6-18 months:
• There will be people offering you 15-20% returns for lending your BTC
• There will be others selling you some garbage that they created
• There will be a lot more new coins that promise riches and wealth
Study Bitcoin so you don't fall for the scams.
And then 4 years after that, and 4 years after that, and 4 years after that...
You get what I mean.
Bitcoin is never going to 0.
People who wish Bitcoin goes to 0 can't imagine being wrong about something.
They missed out and now they want everyone who DIDN'T miss out to suffer.
Just like the supply of new BTC is scheduled (it decreases 50% every 4 years), so are the crashes.
On a sound money standard, NO ENTITY IS TOO BIG TO FAIL.
When the price of Bitcoin goes up, retail investors get confident and start lending their BTC to financial institutions and making terrible decisions.
These financial institutions start lending coins irresponsibly to earn a profit.
In the legacy financial system, mistakes are forgiven by providing bailouts. This is because the legacy financial system is built on fake money (fiat currencies) that can be created out of thin air.
On a Bitcoin standard, there are no bailouts.
If you make mistakes, you're going to be taken out.
A few months after April's halving, innovation will be at its peak. Anyone who built during the bear market will probably be very successful during the bull market.
When the price of Bitcoin rises as a result of supply being cut by 50%, new businesses start offering services and products that are of immense value.
But not all of these companies are doing what they say they do...
After two years of prosperity is when the scammers are exposed (eg. FTX, Luna, etc).
Over the next few years, we'll go through the same cycle that we went through the LAST few years. We'll hit a higher high. Then we'll hit a higher low. Then we'll be back to 50%-60% below the previous all-time high.
This will happen over and over again until we are no longer using USD to value Bitcoin.
With each cycle, there's more adoption - more people learn how Bitcoin works and they start moving their fiat wealth, which is worthless, into the scarcest asset in the world.
In the next 6-18 months:
• There will be people offering you 15-20% returns for lending your BTC
• There will be others selling you some garbage that they created
• There will be a lot more new coins that promise riches and wealth
Study Bitcoin so you don't fall for the scams.