Now people are going into debt to buy bitcoin or not sell bitcoin…
It feels like we achieved nothing 😅
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Discussion
Been saying this all along....
My options where sell, or go into more debt to keep my stack.
I sold.
Bitcoin will always be there for me to earn by providing value.
Debt means I have to work even harder in fiat land to make payments.
I try to explain to my friends but fail to articulate it.
If push comes to shove, I will sell instead of go into debt.
Fiat debt can be easy to manage by using the increasingly stable value of sats to pay down the fiat debt whilst maintaining sat value over time. Replacing sats by fiat mining is also important to continue
it's a transitional phase. bitcoin is now being normielized.
once they are used to using bitcoin, they have the opportunity to learn about how it's a hard money and we will start to see a revival of saving.
of course being brainwashed to believe fiat lies they are not gonna get it straight away, but idk what anyone expected. of course they are gonna have some rektage here and there but we are past the point where it is regarded in normieland as something only for freaks.
and inevitably the shitcoiners are going to try and ride this wave as well but there will be mass rektage from them, and people will again learn to just buy bitcoin and forget about derivatives. the ETFs are safer, at least, than wrapped shitcoin paper bitcoin.
the more people who have bitcoin tho, the better. we can't see hyperbitcoinization until enough people have it sitting there to spend, and once that happens, the merchants will start to accept it as well in greater numbers.
it's always this way. anything that becomes money starts out as an investment asset. this was how gold and silver became money in the first place, and why jewellery has been for a long time a symbol of wealth (because it can be liquidated at near or above its purchase price, depending on provenance).
I agree 100% with this take.
Why wouldn’t I borrow 0’s and 1’s created by the bank, and then buy the hardest money ever created. It’s a no brainer if you term the loan correctly. I’ve added significantly to my stack doing this, and I make my loan payments off the gains.
