Replies (92)
why are you posting this again ?
The technical term is 'Lettuce hands' 😂
My richest friend however is putting a pause on his significant personal spending and looking to accumulate here.
do you think that is because they want your coins?
What are they buying instead?
Like I understand selling to maintain their lifestyle but they are going to sell and invest in stonks, real estate, bonds?
Also I thought the OG whales were the ones that have been dumping on us since $120k and have been driving the price down?
Because i keep having these conversations
Gaslighting
Confidence is easier to shake when you have something to lose.
Well all your poor friends on nostr are stacking so that's something
That was me dumping sorry, but I thought I was dumping on Saylor and David Bailey
So they won't be OG whales anymore oh well.
What is the reasoning you are given for divestment ?
Spending is also capitulation. These are not OGs.
My question as well. I’m by no means even close to being in their position, but this is how I imagine their main ideas/focus:
1. diversify and reduce volatility
2. knowing the risk of stocks when there’s a bubble & P/E ratios are bloated
3. knowing bonds will erode your wealth over time against inflation
4. they probably already have significant real estate exposure and don’t want to over-allocate
I would probably buy, start or invest in small businesses like a farm.
sounds like typical investor panic.
wah, my shares didn't go up same as last year. wah, the company only made $2bn profit this year instead of $2.5bn last year. wah, sell everything the sky is falling and the world is about to end
if you want anything out of btc its a long game.
gold has been typically boring over the years, but if you held it a house today costs half what it did in 1950, but its twice the size
I've heard that coupled with anger at the infighting
The shift in whale behavior suggests a fundamental recalibration of expectations – it’s premature to assume profitability as they pivot.
These people need to distribute their bitcoin for others to buy
It's all going as planned
I too talk to many OG whales and we say things to each other
View quoted note →Mainly they are just emotional I think and some vague notions about bitcoin failing its narratives or purpose
my man the amount of bullshit you accumulate here on #nostr is absurd 🤣
schizo
@HODL
feeling bullshitish today? wtf is going on? #asknostr
Also, these OGs are selling corn because they lost a fuck ton of money investing in the Bitcoin Treasury Companies 😂
View quoted note →As an OG Shrimp, i shake my head in disappointment at these OG Whales you speak of.
yeah, this BIP might kill it.
Prosperity causes burnout for most people. OGs losing their grit and optimism is a statement about them, not #Bitcoin. They are becoming swampified. Sell us your sats and return to fiat where you belong! #Bitcoin
View quoted note →Seems like trading the price not position. Many such cases. Nothing has changed, thesis intact
But if you pause big titty bitches whats it all for in the end ???
Thank gawd you didn’t call the paper-handed “friends”. Friends lift each other up 🫂
Sounds good to me, let’s get those coins widely distributed. Seems like an important part of the process.
It won’t.
i know it won’t. but the vibes are real.
But is he your most informed friend
They’re all about as informed as each other
when $USD crash? AI investments are denominated in shitcoin fiat. where are they shifting money to?
There's a small % chance that the idea we all had about what Bitcoin would become, doesn't transpire. At least for a long time. Instead, Bitcoin essentially gets narratively controlled for the public, the elite and bankers fool everyone to control most of people's holdings, and Bitcoin replaces S&P portfolios. The banking institution could plausibly keep the price suppressed for long spans through market overselling (to each other, or through opaque markets) so retail fights it out and sells coins to institutions further centralizing holdings.. There's a small chance, say 15-20% that Bitcoin just becomes new Gold for banks mainly. No huge pleb revolution. No millions of node runner etc.
This is a real plausibility.
₿eep, ₿eep, ₿eep.
They made their wealth. I’ll take their Satoshis
Kindred
How many of them are jpeg/side hustle scammers or in over their head and need to sell?
Have the OGs talked about what they're losing confidence in? Sounds like the other one is just going off price action.
They've been reducing exposure for a solid 18 months, they killed the bull run for fiat.
It's freedom money and everyone can do what they want but on chain data was loud about this.
It’s mainly price action
If the bulk of their net worth is BTC its probably advisable to sell some to mitigate risks. Would spread distribution of coins to more shrimps (hopefully).
The ability of papercoiners to manipulate short term price, the enshitification of the chain along with centralized mining to enable that are legit concerns
I wonder if this means less that this is the capitulation or if that the capitulation is coming soon. “Smart money” dumps and then retails dumps. I guess we’re seeing the groundhog’s shadow.
Is it safe to assume that those friends of yours do maintain now some fiat status (board member or advisor to Bitcoin treasury companies, expensive lifestyles, celebrities, etc) and in reality don’t care any longer for the separation of money and state, and improving the future for humanity?
If that is so, they are Saruman.
Intelligent but unwise.
Healthy long term. People who are already massively up on their holdings tend to sell. Distribution to new bitcoiners who are still building conviction is how this whole thing grows.
Is the context of that something in the financial markets, or are they concerned over the infiltration of Core and internal battles?
What shook it?
feels gay
lol yeah, byt whats the rationalization or change of thesis
loser OGs
Pussy «OG’s»
If we have ever learned anything from how bitcoin moves in fiat terms. It is that it’s at this moment right here that you throw everything and the kitchen sink at the damn thing.
History ain’t kind to cowards.
People are people. They will regret it BC the brightest part of bitcoin's future hasn't been seen yet.
I can't believe it. How are you defining whales?
They sure as hell haven't been here two 4-year cycles yet.
If your name were Mike Alfred, I’d immediately be calling bullshit, but your reputation tells me I should believe you.
Unfortunately this is true. I think a lot of it is just blowing off steam though and getting negative emotions out.
They have and whale in this case is above 50MM net worth so hundreds to thousands of coins
All price action
100% this. People are afraid to say this out loud and want to treat bitcoin's success as a foregone conclusion.
Oh gotcha. That’s pretty weak-handed behavior.
Well am talking about people who've been in the space over ten years and are fed up with what they see. Not sure that's necessarily weak handed but fair enough
Maybe they're just trying to capitalize on what jews are doing to Saylor because they see the direction Fink is going.
Unless these "OG whales" are jews themselves then that would be a different sign entirely.
Assuming you're being honest here, why would they even tell you this?
Rough
I don’t think any of them factored the Jews into their decisions lol
They told me because we’re friends and we talk on the phone.
They’re selling to buy Monero 😎.
Price, the only metric that really counts
I see what you mean. I wouldn’t blame people if they just got burned out. But honestly I have just tuned out X and only selectively follow accounts on NOSTR. Limited my podcasts lately too - just haven’t been motivated to listen.
With all these practices, I’ve avoided the drama and I don’t worry much.
have heard this from one friend
People in a coma don't count!
Seriously, I guess some folks just won't take the time to learn about what they own. People are weird.
You and me both. Just trying to build
I'll be buying some of those sats
5 years ago I said to some friends about how I feel buying when the price is low is so unfair to the people who understood it for years and kept buying higher. They thought I lost it. Anyway, no matter we are on the right track. Distribution is good too.
If BIP110 fails, they will end up being right.
More hopium
I am buying $50 everyday, please add that into your data. Have a good day 🫡
@strike isn’t accepting AUD anymore, and new wallet tracking rules take affect in Aus tomorrow. I’ve cancelled my DCAs and closed my exchange accounts. Not sure how I’m going to accumulate from here. It’s been made much more difficult to participate somewhat freely down our way. Feels a bit like losing
What's your definition of OG?
Just go to meetups and trade with cash. That's how we did it before exchanges were a thing.
We'll might even become wholecoiners 💫
“Near the lows”
GOOD LUCK
When everyone goes silent, that's the buy signal. The underlying value of Bitcoin hasn't disappeared.
Capitulation? people who hodl for that many years dont capitulate, they realize something is wrong
"OGs who holded for years are dumping on us because they think something is wrong with Bitcoin now, must be capitulation and good for Bitcoin"
View quoted note →Don't forget about the plebs dude
Many things to be bad, but many more good. Sunshine, plants, vibes. The evil one wants to sew seeds of doubt in your mind. This is nothing but a bump in the road.
🫂
Spending is use
Whatever you say champ
Yes, but only spend-and-replace is use. Just-spending rather than it merely being part of your cash flow, is capitulation.
Gayyyy
When you're used to parabolic bull runs and they stop, it would be a bit of a shock. But failing to understand why and thinking it is somehow bearish is doing themselves a disservice.
