LogicallyMinded on Nostr: I see the value of not going into fiat to stay out of the banking system however, ...
I see the value of not going into fiat to stay out of the banking system however, holding all your bitcoins through a bear cycle can hardly be justified as a wise financial decision (assuming that one can identify early on when the bear has started). That’s why decentralized non-fiat backed stablecoins are so important to protect the gains one has earned holding #bitcoin through the bull. Actually governments fear those in combination with Bitcoin more than Bitcoin alone.
Published at
2025-02-09 09:25:59Event JSON
{
"id": "225e64643e899f9d33268e2892c588d6b6c492da50c4485815e161c534fb1cbf",
"pubkey": "83d302b5c25ed43e5b75532fa6a6bda21c4b63e9f516826798f516fc4159b9c7",
"created_at": 1739093159,
"kind": 1,
"tags": [
[
"e",
"fba7c2d2bb5ed2da80aaa92c47dfbb76c1c245eb2d40e926bcf123c629099227",
"wss://feeds.nostr.band/lang/en",
"root"
],
[
"e",
"2815be4cac6dbbf812b23efcda41f9cf96311ee89dcee931b51fcf92f2b0378e",
"",
"reply"
],
[
"p",
"3b88878d9472fbf3ea2e598a048a7b34eea59b885b06ff08a0b4a7a8dd094e7f"
],
[
"p",
"48747a0dd3a073821b9ecb5352a0a33ea2f5b775abe0393240a061b5dbe8a6bf"
],
[
"t",
"bitcoin"
]
],
"content": "I see the value of not going into fiat to stay out of the banking system however, holding all your bitcoins through a bear cycle can hardly be justified as a wise financial decision (assuming that one can identify early on when the bear has started). That’s why decentralized non-fiat backed stablecoins are so important to protect the gains one has earned holding #bitcoin through the bull. Actually governments fear those in combination with Bitcoin more than Bitcoin alone.",
"sig": "e661e09bfcd4c22fd7c046e794aef366304b735d187d1dc3201f7163f6b2e1737bd5fb9abaf1e6a78a59afb1f6820e0de6ef3a21893acb53341acc79447e573f"
}