This might feel counter intuitive. But the faster #bitcoin price in fiat goes up. The less you must consider selling it.

Because at some point, it won’t be Bitcoin catching up to its true value, but rather the other currency failing.

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Could go into Veblen mode. That’s where the fun begins 😎

I had to look this up because this is the first time I hear about it. But thats so true.

Thanks for sharing. 💜

The problem is, when #btc does go into veblen mode, a lot of the people who need it most won't be able to afford it. Any disposable income they had will be lost to high inflation

What do we do more than telling people at least have some?

I guess it will be up to us to help them then.

Can't save everyone unfortunately. Just gotta do the best we can

Can't save everyone unfortunately. Just gotta do the best we can

That’s true.

When bitcoin is recognized as better savings than housing, it will get interesting (and then better) for the poor

Everyone needs Bitcoin, nobody needs a Bitcoin.

Fiat failures are the real god candles but when they happen people will realize selling bitcoin for the failing fiat is the most irrational thing they can do.

This is why I still use fiat to make purchases of goods. You can't have my sats except what I have allocated for spending

Yes, same. I definitely like to spend sats but I just convert fiat to sats in a separate wallet for spending and I usually wait until a pump to spend it 😂

It's like jumping onto a sinking ship