Replying to Avatar Nobuddy313

Reality check. Bitcoin is not much different from fiat. Ten years ago the average person could buy a bitcoin. Now most of the bitcoin is held by wealthy institutions (didn't you notice all the whale alert messages highlighting them moving their 100s of millions around), and some governments / central banks. Now the average person is being suckered into scrambling for sats which only makes these billionaires richer as you have to pay more and more for your sats. Then at any time they will dump a huge amount of bitcoin - allowing them to take huge profits on their original lowball purchase. This crashes the price and they can then scoop up the same amount of btc and start the cycle over again - all the while having their pumpers pump btc to more greedy useful idiots buy in so the wealthy get their money - making these wealthy institutions even more richer. Ten years from now the pumpers will be pitching stacking fractions of sats!

I was a useful idiot who made a bit of money on btc before getting out as I got redpilled. Btc is not the way. It died with etfs. Too centralized. It's just now a system to make rich richer. You own nothing but a digital entry on a spreadsheet.

Best all us lowly peasants can do is buy low and sell when you get a decent return. Odds are btc will approach all time highs (perhaps briefly making new highs) and then go back down a lot quick. Best to take profits soon as the wealthy institutions know btc usually goes bearish when summer approaches (sell in May and go away).

This presumes I have the viewpoint of 1 BTC = [enter fiat conversion]

Instead, I view it as 1 BTC = 1 BTC and this changes the fear factor for me and whether or not I'm loosing in the fiat rat race. I'm less concerened about wild swings of volatility.

I'm also not converting fiat to Bitcoin that I can't afford to so. If it is only a casino, then I'm gambling with what I'm willing to lose.

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What you are basically saying is akin to I'm not afraid cause I cover my eyes and ears so I don't learn of something to be afraid of. Sooner or later you have to exchange your #btc for something and in this world most still price that sometimes in a fiat #currency.

I agree #fiat systems suck. I just conclude that btc is not a valid alternative.

Typo - 'that something' not 'that sometimes'.