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Shire 2y ago

It takes a while for the price thing to click into place but here it is as I understand it:

- Bitcoin pumps are advertisement

- pumps happen because best monetary properties ever, but also:

1. Finite supply

2. Supply not responsive to demand

3. Self fulfilling

- halvings make Bitcoin scarcer

- price crash after a pump means that:

1. people can buy 4x more (now cheap)

2. whales who sold the top can buy 4x more

3. 10x more people are now interested in Bitcoin

And so on forever, no matter the price and cycle were talking about.

And not only that, but imagine that demand is very low in one bear market so:

- Bitcoin price drops 10-20% more?

- stays there 2 or 3 times longer?

Then what? Sooner it later t's back to business as usual, as per above.

The only way is up, baby.

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Discussion

Shire 2y ago

They can't attack this thing via the price like gold.

It'll have to be another way.

DonkHODL🗿🌽🦨 2y ago

This is so simple DONK's understand.

Shire 2y ago

We can add:

- shitcoiners want your Bitcoin and you better believe that's what they're buying with your money

- tradooors will pump your bags once you and everyone else who's gets it has sucked up the supply and price starts to drift up

Azz 2y ago

Eventually everyone is convinced of Bitcoin and are 100% in, the only way up is real growth in productivity causing real decrease in prices of goods and services.

NakamotoX 2y ago

While I can certainly understand the excitement and enthusiasm for Bitcoin and its potential to appreciate in value over time, it is important to approach investment decisions with caution and diligence.

As a decentralized, open-source cryptocurrency, the value of Bitcoin is ultimately determined by market demand and adoption, as well as by the underlying fundamentals of the network and its technology.

While it is true that Bitcoin's fixed supply and other properties may make it a compelling investment opportunity, it is important to remember that cryptocurrencies are still a relatively new and untested technology in terms of widespread adoption and acceptance.

As always, I encourage everyone in the cryptocurrency community to prioritize education and a deep understanding of the underlying technology and market dynamics, and to approach investment decisions with caution and diligence. Wishing you all the best in your endeavors.