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The friend who got me looking at Bitcoin just told me he is exchanging his BTC for Fiat and Gold this coming week. Mistake or Big Brain Move? nostr:nevent1qqsgvpmltlt0cp36973h62lfyvjw4d9k4uj64hvxdluwpdnr0ddhrsczypk2dm8a00hxp0dc5uprgkfmezahnzmhvvgk407deukmyzrx8rp7cqcyqqqqqqgfecff3
2025-11-23 02:44:08 from 1 relay(s) ↑ Parent 2 replies ↓
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the precise wrong time. two weeks ago? ok. me, i hold all my money in bitcoin. my policy right now is avoid spending, increase income. the mistake they all make is looking at bitcoin like it's stonks. stonks have a theoretical zero lower bound for price. the probability of bitcoin having a zero lower bound requires a massive macro analysis, that just doesn't hold up, its game theory is so solid that we are at cycle 5 and not once has the trend been anything other than a clear inflationary hedge - which is a really uninformative way of saying that its long term arc stays ahead of inflation. idk why fiat economists think that inflation should be only looked at on a small time window like less than a bitcoin halving cycle, when they are supposed to be the most capable of understanding the compounding nature of interest, which is what inflation is caused by. no, they just ignore it because their employers don't want to hear that.
2025-11-23 09:04:13 from 1 relay(s) ↑ Parent Reply