I'd like to get it at a better price myself, but not prepared for it to dip that low 😂
Let's go back to $20k for one more month, then it can rip to $100k after that.
Discussion
Why are you not prepared to let it drop that low? Genuinely curious - my low-time preference self has convinced me that it is in my best interest to stack at the lowest prices possible for a few more years before the rest of the world catches on!
Well .. I'm close to being done with the whole fiat mining part of my life and if it dips that low, it will just be that much further away. As it is now, I'm hoping to have an early retirement around 2025 and start looking for other income opportunities that don't involve selling my time for a wage.
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 🧡
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