Tom Honzik on Nostr: I hear it a lot, “I don’t look at the price” of bitcoin, “I don’t care ...
I hear it a lot, “I don’t look at the price” of bitcoin, “I don’t care about the price.”
I appreciate the spirit of buying bitcoin at any price.
However, the price is INCREDIBLY interesting! It’s literally the scoreboard for an epic battle between good and evil, a new monetary system steadily overthrowing the old. It tells a story. So yes, I check the price, and I enjoy doing so.
Also, people who say they “don’t think in fiat terms,” or “bitcoin is my unit of account.”
Really? Again, I appreciate the spirit. But fiat is THE unit of account for pricing goods and services at pretty much all places of business. I highly doubt you convert the fiat prices to BTC for everything you see at the grocery store. If you do, based. But I think most people are thinking about the $ price of the product, and perhaps comparing that to the $ price of bitcoin, when they are making their decision to buy something.
I don’t think it’s helpful to make a claim that is false or irrational when advocating for bitcoin. It will draw scrutiny and suspicion. Instead, we can be more precise with our language:
“Converting fiat to bitcoin will always be an upgrade for long-term savings, at any price.”
“Volatility doesn’t bother me or affect my long-term outlook on bitcoin.”
“I consider the opportunity cost of buying bitcoin when deciding whether or not to buy other things.”
I appreciate the spirit of buying bitcoin at any price.
However, the price is INCREDIBLY interesting! It’s literally the scoreboard for an epic battle between good and evil, a new monetary system steadily overthrowing the old. It tells a story. So yes, I check the price, and I enjoy doing so.
Also, people who say they “don’t think in fiat terms,” or “bitcoin is my unit of account.”
Really? Again, I appreciate the spirit. But fiat is THE unit of account for pricing goods and services at pretty much all places of business. I highly doubt you convert the fiat prices to BTC for everything you see at the grocery store. If you do, based. But I think most people are thinking about the $ price of the product, and perhaps comparing that to the $ price of bitcoin, when they are making their decision to buy something.
I don’t think it’s helpful to make a claim that is false or irrational when advocating for bitcoin. It will draw scrutiny and suspicion. Instead, we can be more precise with our language:
“Converting fiat to bitcoin will always be an upgrade for long-term savings, at any price.”
“Volatility doesn’t bother me or affect my long-term outlook on bitcoin.”
“I consider the opportunity cost of buying bitcoin when deciding whether or not to buy other things.”