Considering selling a little bitcoin each week because that seems to be a surefire way to ensure that the exchange rate goes up. You're welcome.
Discussion
I would suggest that ppl start spending it in the circular economy. That would give it even more value IMHO. We need to start using it as money on a more widespread basis.🫡
That'll happen when bitcoiners in your region are rich enough. For people in some areas, they're already there and use it all the time. For USA, we need to wait until we're rich enough to not give an F and fight our stupid government while we build that circular economy. Our government is way too powerful right now. So we wait until we're entirely unstoppable, strong in numbers and wealth, and safeguarded for all contingencies. It's a matter of survival.
I get that perspective, and I understand the reason for holding. However, with all the resources that are out there to quickly turn fiat into Sats, and vice versa. I.e. Fold, Strike, etc. it is a simple step to pay for everyday needs with Bitcoin. Thus enticing more businesses to accept it.
Yes but we have to deal with the threat of violence from the government. Businesses also have to realize that people are willing and wanting to pay that way, and there is little mainstream awareness yet, so we have to rely on Bitcoiner businessowners.
With price instability there is literally no way a circular economy can happen. The absence of a Bitcoin circular economy is not due to laziness or evil forces. Any business trying to operate on Bitcoin will fail on short notice.
Fiat exists so that the supply of money can grow and shrink according to the size of the economy, matching the products and services on offer, keeping prices stable.
Btw nostr:nprofile1qqs99d9qw67th0wr5xh05de4s9k0wjvnkxudkgptq8yg83vtulad30gpzpmhxue69uhkummnw3ezumrpdejqz9thwden5te0dp5hxapwdehhxarj9ekxzmnyqyv8wumn8ghj7un9d3shjtnwdaehw6r9wfjjucm0d5eechmk how are the wet wipes going.
Bitcoin will stabilize as it reaches market completeness and as it reaches greater and greater swaths of liquidity. We're extremely early. In the future it will fluctuate like gold did in regions and times when there was free banking.
You meant buying, right? 😅
I think science shows that the price jumps immediately after you zap someone…
Nah, just spend a bit. Enjoy life, get something you want.