Nobuddy313 on Nostr: Reality check. Bitcoin is not much different from fiat. Ten years ago the average ...

Reality check. Bitcoin is not much different from fiat. Ten years ago the average person could buy a bitcoin. Now most of the bitcoin is held by wealthy institutions (didn't you notice all the whale alert messages highlighting them moving their 100s of millions around), and some governments / central banks. Now the average person is being suckered into scrambling for sats which only makes these billionaires richer as you have to pay more and more for your sats. Then at any time they will dump a huge amount of bitcoin - allowing them to take huge profits on their original lowball purchase. This crashes the price and they can then scoop up the same amount of btc and start the cycle over again - all the while having their pumpers pump btc to more greedy useful idiots buy in so the wealthy get their money - making these wealthy institutions even more richer. Ten years from now the pumpers will be pitching stacking fractions of sats!

I was a useful idiot who made a bit of money on btc before getting out as I got redpilled. Btc is not the way. It died with etfs. Too centralized. It's just now a system to make rich richer. You own nothing but a digital entry on a spreadsheet.

Best all us lowly peasants can do is buy low and sell when you get a decent return. Odds are btc will approach all time highs (perhaps briefly making new highs) and then go back down a lot quick. Best to take profits soon as the wealthy institutions know btc usually goes bearish when summer approaches (sell in May and go away).