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With hyperbitcoinization right around the corner. This is the worst time to buy shitcoins. I don't think people realize how much bitcoins price can really grow. Right now 35 sats is 1 penny. Eventually one sat will most likely be 1 dollar. That 3800x. Also let's not forget most of these shit coins have no liquidity. Therefore when you go to sell , you may have as much as a 99% price impact. Canceling any profits at all. Also be careful when your pushing and advertising shit coins. Influencers have been fined for doing so. And your in a sea of bitcoiners. It won't be long till your shill turns into you paying fines for weeks.

#plebchain

#bitcoin

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Discussion

₿TC Fiend 2y ago

Everyday is the worst day to buy shitcoins 😁🤙

Tetsu Tamasi 2y ago

Every day is a good day to mute a shitcoiner.

WilliamHodl 2y ago

I lost the remote.

Tetsu Tamasi 2y ago

Its all fun and games till one of your friends apes into “forever up joke memecoin” and loses absolutely everything.

Tetsu Tamasi 2y ago

We all going to witness that on #nostr. Scammers are here and noobs dont know any better.

WilliamHodl 2y ago

Everyone learns lessons differently and different timing.

Tetsu Tamasi 2y ago

How to spot a scammer on #nostr. They all follow the same simple steps:

ATTRACT THE SIMPS.

HERD THE SIMPS.

MILK THE SIMPS.

Komi_Hartman 2y ago

Eventually, many bitcoin maxi are potential scammers, no doubt! The details are more crucial & there’s no end that justifies their means!

WilliamHodl 2y ago

Agreed, but I see a time where 99% of them are going to flatline simultaneously. And I believe this time is closer then we think.

🍊💊⚡️🌽 2y ago

There is no good day for 💩 coins!

Agree with BTC, potential has not scratched the surface!

This is the way!

#Bitcoin

The Daniel ⚡️ 2y ago

Hot take:

It’s not right around the corner.

We have much work to do.

Most people still have no clue.

TKay 2y ago

Agreed. Much work to do.

The Daniel ⚡️ 2y ago

I was talking with a friend last week who I hadn’t seen in years. He was telling me about the lousy job market where he lives and how it’s impossible to save money when everything is getting more expensive. I opened up a message thread I had with him and searched for the word “bitcoin.” I showed him where I had told him about it several years ago. He immediately asked me how to get started.

I don’t want to be that person who only talks about one thing all the time, because that’s also how you push people away. Sometimes the only remedy is to give them another gentle nudge so they realize what they missed the first time.

WilliamHodl 2y ago

Had similar cases before also. It becomes easier for some people to understand as it evolves.

WilliamHodl 2y ago

I think there is many perspectives and opinions. I believe full hearted 2030.

Azz 2y ago

Agreed

From the epilogue to 'When Money Dies'

"Stability came only when the abyss had been plumbed, when the credible mark could fall no more, when everything that four years of financial cowardice, wrong-headedness and mismanagement had been fashioned to avoid had in fact taken place, when the inconceivable had ineluctably arrived."

It is going to be a hard ride to get governments to give up the ability to fund themselves via the money printer.

Hopefully Bitcoin will hold governments to account and prompt fiscal responsibility through open competition as Bitcoin slowly emerges as the more trustworthy option. This is optimistic. More likely government, addicted to the drug of inflation, will fight Bitcoin to maintain its monopoly. In this scenario, political collapse is necessary for hyperbitcoinisation.

Not my name 2y ago

Don’t buy bitcoin if you are only hoping to have more Fiat someday.

Buy bitcoin to one day never have to deal with filthy Fiat again.

WilliamHodl 2y ago

Well said!

Aaron 2y ago

I pray to the almighty your right William 🙏 We need to have more faith in our #Bitcoin she soon will soar.

WilliamHodl 2y ago

🍊

Moon 2y ago

With global wealth assessed at around 440T, immediate hyperbitcoinization would take us to about 21M USD per coin in todays real dollar - or around 0.20 USD per sat.

If we get a 1 dollar Satoshi (or 100M per coin) due to massive devaluation in the dollar it kind of missed the point because this obscured value in real terms.

However, if you follow the #[2] thesis, we could get to 100M USD per coin (or more) in today’s real terms through parabolic acceleration of efficiency and the collapse of marginal cost of production basically everywhere.

This is better vision of the 1 dollar Satoshi in my mind however, I think by that time we would no longer be thinking in dollars. Dollars terms would be abandoned / forgotten and a single Sat would just buy the same (of more!) than a single dollar can buy today.

In terms of “right around the corner” I think the Booth vision - which is how I really think about hyperbitcoinization - is maybe 15-20 years off to spread and scale globally. Though, of course such a timeline can only be lived, never known in advance.