That makes total sense - for your sake I hope we “moon” sooner rather than later; for my sake I hope we stay undervalued for years to come.
We both win in the long run either way 🧡
Discussion
I'll keep stacking regardless and, if it comes to it, keep working as well though I'd prefer not 😂
It’s a peculiar situation to feel compelled to keep mining fiat for as long as the price stays low. If the price skyrockets, it’s a major relief because the pressure to take advantage of the cheap sats is removed!
bitcoin will forever be undervalued
I respectfully disagree, sir - it will only be undervalued until it is the global unit of account, which I genuinely believe will be within my lifetime.
after this happens, do you believe that bitcoin will stop appreciating against the consumer basket?
No, I don’t think Bitcoin will ever stop appreciating against consumer goods. Bitcoin is scarce; potential for production is not.
(I know this is purely semantic, but…) I prefer to think of it as the consumer basket becoming cheaper in Bitcoin terms: endless deflation as a result of technological innovation leading to increasing prosperity, à la #[5]
semantics then