The unfortunate timing of the start of a bear market is unfortunate.
Discussion
Cheap sats for anyone who wants them! Great time to be getting started!
Correct, but why would you knowingly advise a brand new person exploring BTC to buy at the literal start of the bear market. At least give them chance at not having to watch losses over the next year.
maybe by the time they finish reading it, things will have changed for the better 😝 depending on how long it takes to read
100%. Tell them to buy in a year. But if we can beat inflation (2021 ATH now 83k), we can not pitch the store of value argument to new entrants. That’s a dangerous angle.
That's measuring from an ATH to a dip. It doesn't mean it won't go up again. Dollars won't. It's still scarce, still movable, still able to be held in self-custody.
Store of value isn't just about exchange rate or purchasing power on a given day. It's also about funds you can hold and move without permission, without widespread or targeted confiscation at the flip of a switch.
I'm sure you know all that. But my message to newbies isn't much about NGU. That's just a bonus. It's about sound money, even if that's a harder concept to get across. It's not a stock. It's money. I tell them I'd be happy to see it plummet, so we can buy more.
But, you make a good point. If all we're sharing is that it always goes up, they'll be unprepared when it doesn't.
That also doesn’t mean it won’t go to $0. There’s hopium both ways.
Bears are for building. Don’t fear the 🐻