Replies (30)
I wasn't looking for a stock, to invest in a company that meant nothing to me. I was looking for sound money.
Very glad it exists.
Most people are impatient retards that love the frog boil
This is why you DCA instead of FOMOing a lump sum. Their gains went from a potential of 400%-500% to barely 100%.
I lump summed when BTC fell from 6k to 3k and it was the best decision I ever made so I disagree with this
From their perspective they can buy more btc now than they could in 2021 simply because they chose to buy something else then
Most people need sound money but nGu is the Trojan horse that shows them that truth
The true value of Bitcoin becomes visible only in time of needs, example Russia today, russians are not able to pay or exchange rouble anywhere in the world and it devalues at an increasing rate, can't take your Gold/Stocks and leave the country in a emergency situation.
Bitcoin can be moved and exchanged for other fiat currencies which also can be used to pay outside of their country
You and I know that, I have lived it in Cuba, but reality is that most individuals in the western world don't accept that situation as a risk. So nGu is what brings them and helps them learn about it.
stocks aren't money.
The arbitrary timeframe game is so exhausting with its tiny crumbs of validity.
But I do acknowledge that is how they think. They latch onto their favorite timeframe that fits their bias.
Yep, I'd argue 4 years isn't that arbitrary. We as btcers have argued that holding 4 years leads to big nGu.
All I'm saying is without nGu it will be tougher to get individuals to understand BTC more deeply. It's our Trojan horse.
Fair point.
None of their savings accounts have doubled in four years. Their investment accounts benefited by record-breaking money printing, yes.
Yep, it's hard for them to see past that.
Oh I agree with you just saying.
And I agree with you, just saying
Yes true, I also kind of like this situation since it is also a sign of prosperity to not need it yet.
Plus it gives the early adopter advantage, which soon will be gone.
Always remember, gradually then suddenly.
The same it happened when the first Iphone released we leaped into a new age in less then a decade
Maybe financial censorship will get bad enough to be a supplemental salesman
I don't feel the need to justify bitcoin to these people. If fewer buy bitcoin, it's because they don't understand money. Their brains have been warped by the fiat system, and they will go where that leads.
Lambs to the inevitable slaughter / more cheap sats for us 😊
It all depends. I'm currently doing a test. On day 1, I bought $71 worth, and will also be buying $1/day for the next 71 days, to see which ends with more satoshis
Let's say this person has $5m in well picked stocks and gold. What is the slaughter they will face in the next decade?
I think about this too. The boredom is real.
It’s a sensible argument from the normies. To each their own. But three things I have noticed they never account for in their argument; 1) they will have to pay roughly 15-40% cap gains taxes on whatever they liquidate (depending on tax jurisdiction), 2) you cant buy products (like soap or vpn access) directly using the asset, 3) its less liquid compared to BTC when you need it fast (weekends, bank holidays, clearing house, compliance wait times. 🤷
If they can’t appreciate Bitcoin for what it is, its properties, independently of NGU, then they do not deserve NGU.
All of this saying does not really change anything as people look at Bitcoin like an investment and speculation.
To people, gold is a good SoV, while Bitcoin is still (relatively) extremely volatile.
It being volatile is like building a very good house on a bad foundation.
No matter what you do on top, people treating Bitcoin as a volatile and speculative asset is a vicious cycle that will only further cause it to go down that path.
Then so be it
The future’s unwritten with infinite variables. Ask them what happens to well picked stocks if China takes Taiwan in the next decade?
This is why but we will fix it. History shows that UASF win in the end no matter what
As my uncle
@jack mallers says, we're on Bitcoin time. If you want to get rich quick try the shitcoin casino or stocks. If you DCA Bitcoin has always had the better performance with a time horizon of more than 4 years 😏
