Buy The Dip While You Can
Who would have thought that we would have the change to buy sub 60K Bitcoin again? With all the talk of mooning after the halving, seeing Bitcoin’s price back around 56k at the time of this post is disappointing to the lettuce handed, ETF buying individuals that are not here for the revolution, but to make a quick buck.
Bitcoin being a neutral money, it is not unexpected that it would gain the attention of these types of people. I am actually glad that they are participants in this market has it helps transfer Bitcoin from weak unconverted holders to people who are fully dyed in the orange wool of the Bitcoin thesis.
Every time there is some geopolitical event, or some kind of economic crisis brewing on the other side of the world, Bitcoin normally takes a hit because it is a high liquid asset. This should be taken as a good sign when the price goes down as it shows that you can easily move in and out of Bitcoin with relative ease. Try doing that with your house, car or other assets. Sure you can sell them eventually but its not nearly as seamless as Bitcoin.
This lull in price will not last long, so if you got some dry powder sitting on the sidelines, today is a good day to buy some cheap corn. Framing Bitcoin as a liquid asset that can be sold in times of need is a good way to introduce Bitcoin to your nocoiner friends and family. I would hate for them to have to buy Bitcoin at much higher prices. Good for us. Bad for them. Amirite?
Just a short post from the Obsidian Nostr Writer Plugin. If you like writing long from content, I would highly recommend giving it a shot! Peace out.
Published at
2024-09-06 00:10:23Event JSON
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"content": "Who would have thought that we would have the change to buy sub 60K Bitcoin again? With all the talk of mooning after the halving, seeing Bitcoin's price back around 56k at the time of this post is disappointing to the lettuce handed, ETF buying individuals that are not here for the revolution, but to make a quick buck. \n\nBitcoin being a neutral money, it is not unexpected that it would gain the attention of these types of people. I am actually glad that they are participants in this market has it helps transfer Bitcoin from weak unconverted holders to people who are fully dyed in the orange wool of the Bitcoin thesis. \n\nEvery time there is some geopolitical event, or some kind of economic crisis brewing on the other side of the world, Bitcoin normally takes a hit because it is a high liquid asset. This should be taken as a good sign when the price goes down as it shows that you can easily move in and out of Bitcoin with relative ease. Try doing that with your house, car or other assets. Sure you can sell them eventually but its not nearly as seamless as Bitcoin. \n\nThis lull in price will not last long, so if you got some dry powder sitting on the sidelines, today is a good day to buy some cheap corn. Framing Bitcoin as a liquid asset that can be sold in times of need is a good way to introduce Bitcoin to your nocoiner friends and family. I would hate for them to have to buy Bitcoin at much higher prices. Good for us. Bad for them. Amirite? \n\nJust a short post from the Obsidian Nostr Writer Plugin. If you like writing long from content, I would highly recommend giving it a shot! Peace out.",
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