$60,000 for something that cost $300 8 years ago, and $1 10 years ago
And, you're bearish?
GFY!
#Bitcoin
$60,000 for something that cost $300 8 years ago, and $1 10 years ago
And, you're bearish?
GFY!
#Bitcoin
🫡
It's normal. Generations of high time preference has trained us to think this way. The deprogramming takes time. More time for some than for others of course.
Study bitcoin hard enough and it becomes clear.
I have a very similar experience with a small product we use fairly often. It was $1.95 in the year 2019. Two weeks ago, at the same supplier, it was $10.00. There is no inflation. There is only theft. #stayhumble #stacksats