It’s like the npcs that needed Tesla’s immediately during Covid and were causing the supply shortages with their demand who then complained that Elon lowered the price after they bought it. They be like, where is my refund? Lol. You have to pay an idiot tax premium if you want to satisfy your instant gratification desires. If you can be a little patient and wait out the idiots, you will pay much less. Supply vs demand = price . This is Econ 101
Discussion
You don’t have to outrun the bear, just the last guy. Everyone can’t be a winner. There will always be winners and losers in a free market.
It’s related to salaries bc that is more demand . Now that they are laid off, they are having to dip into their 401k’s just to pay their mortgage. They clearly are not out buying more houses and cars. The demand has dropped, and supply has increased or stayed constant. Thus price goes down. The 401k Ponzi is facing immense pressure rn. The economy is just many transactions between buyers and sellers
Bitcoin will pump forever bc demand will keep going up (thanks blackrock lol) and the supply will keep going down, forever. Not just the mining rewards, but also lost coins, and boosted ops dying without setting up inheritance plans. It will continue to destroy the monetary inflation rate. Life is good
Ops didn’t learn anything from 2008. It was similar, but different. Ppl fomo’d into RE that they couldn’t really afford and they thought it would always go up. As long as human nature includes fear, doubt, and uncertainty, these cycles will continue. Just like the ops that capitulated at the bottom hoping for $10k. Their loss was someone else’s gain, probably the billionaires front running the ETFs. Ftx was a state attack to suppress price. So are shitcoins. The elite don’t miss the boat, they move it. They were always going to have big stacks if bitcoin was going to be a thing. Once they realized it was inevitable, they played their standard financial games to shake out the frauds and obtain control. Politics mattering. Just like how the ops are now mad at Saylor with their fake and gay virtue signaling. What about the poor devs?!
One can compare bitcoin kind of like Linux. Linus is going to have a passion for it regardless of any altruism. But with bitcoin, the number go up positive feedback loop makes it a different beast. If they didn’t stack, that’s on them. There will be plenty of devs that did. It will be fine. The financial incentives are too strong to ignore. It’s all just orange piller fud to demonstrate their virtue signaling. It’s not material. It already won, the hard part is over. It doesn’t need any material changes to the code, it just needs to be maintained. The bigger risk is making big changes and messing it up. But we already went thru that with the fork wars. The suits are here now and aren’t going to trade number go up for saving the poors in Africa, that’s nonsensical. The ops can fork off if they want to stay poor.
It’s really just a clash of capitalism (Wall Street) versus socialism (orange pillers). Hint- capitalism wins
This thread may seem all over the place but everything is interconnected in the economy. For example Gary cardone selling his mansion for bitcoin increases the supply for RE and decreases the supply for bitcoin. More ppl will wake up to this trade. Price will be effected, the monetary premiums will decrease in RE since bitcoin is a far better SoV. Lower transaction costs, better liquidity, can move it over a communication network, can’t make more of it, etc.
Nothing in the economy operates in a silo