I choose violence.

#bitcoiners

Thoughts:

(I can't believe people still have to say these things)

Rationally...

The cost of mining surpasses its perceived value and lacks certainty.

If Bitcoin truly embodies what proponents claim, why resort to shilling and manipulation to attract participants? Why do you need sex appeal and half naked women? Something to be deeply considered.h Tere shouldn't be a need for provocative marketing tactics to enhance its allure if it's sustainable on its own.

Minor events can trigger significant market shifts, as evidence repeatedly confirmed.

A SEC hack had a momentary effect on your finances. It was a tweet. A TWEET.

Public relations efforts seem unnecessary. If people are in fact not making blanketed statements, over exaggerating, and hyping up the currency, that is.

Stability in prices should prevail. However, it seems to be a non-factor.

Concerns about criminal usage would be met with pragmatism rather than denial.

Bitcoiners verbally attack you or insult your intelligence when you ask questions. They rudly tell you to educate yourself, because they bought into a stock style pyramid scheme, and actually can't explain it. Hmm sounds familiar.

Verbal attacks and insults in response to inquiries about Bitcoin wouldn't / shouldn't be prevalent.The need for individuals to appear knowledgeable for social validation within the Bitcoin community immensely echoes cult-like behavior.

Instead of frustration, people should acknowledge Bitcoin as another excessively celebrated system that will never be perfect.

Bitcoin's price dynamics result from the interplay of supply and demand, investor sentiments, regulatory influences, and media attention, contributing to price volatility.

The current decline in price might be attributed to reduced trading volume and increased profit realization by investors.

Whales.

When a substantial amount of Bitcoin is sold, it increases the supply in the market. If demand remains constant or decreases, the increased supply can put downward pressure on the price. Large sell orders, especially in a relatively illiquid market, can trigger a cascading effect as other traders may react to the price decline, leading to further selling.

This is why advocating against FUD is necessary. This is why FOMO is powerful, and destructive.

I'm uneducated for saying "No shill No pump"... Well acktuhally...

Shilling involves promoting or endorsing an asset, often in an exaggerated or deceptive manner, to encourage others to invest or buy, contributing to a rapid increase in demand and subsequently pumping up the price. Like making memes, art, poetry, signs, stickers, onboarding well-known individuals, studying to the point of being a self-proclaimed expert, and so on. That would be the equivalent of endorsement and promoting.

An endorsement involves a public figure, like Jack Dorsey, or "expert" providing their approval, support, or recommendation for a thing. This is often used to enhance the credibility and marketability of the thing.

If Bitcoin's price is heavily determined by supply and demand. How important is shilling REALLY?

Very.

Factors like real-world adoption, institutional interest, regulatory developments, and technological advancements have more lasting effects on Bitcoin's value. However, if there was no PR or shilling surrounding Bitcoin, there would be no adaptation.

No shill, no value. It would fizzle out without encouragement to invest and use.

Negative sentiment among investors can lead to selling pressure, causing the price to decline. Factors such as negative news, regulatory uncertainties, or concerns about security can contribute to a bearish sentiment. Scammers and wallet drainers certainly do not help. Good thing there's no criminals involved with Bitcoin, or that might be a problem.

Incidents of hacking, security breaches, or vulnerabilities in cryptocurrency platforms can erode trust and confidence, causing a decline in prices as investors seek safer alternatives.

These are just facts.

Changes in regulatory environments, government crackdowns, or announcements of potential regulations can negatively impact the price. (As seen)

SEC -- again --

Uncertainty or unfavorable regulatory actions can lead to a sell-off, and visa versa.

The cryptocurrency market is susceptible to manipulation. Large sell orders or coordinated efforts to create panic selling can result in a sudden drop in prices.

Geopolitical events, macroeconomic indicators, or global financial crises can impact Bitcoin prices. i.e. #war. Events like global economic instability can influence the broader market sentiment.

Both Bitcoin and stocks are traded on various exchanges, and their prices are influenced by supply and demand dynamics.

Bitcoin is basically a stock and the currency itself is the company. You do not receive dividends or rights to vote about issues involving Bitcoin, yet social psychology assures me that the respective communities will act as a council.

A pyramid scheme is a fraudulent investment scheme where participants earn profits primarily by recruiting new members rather than through the sale of goods, services, or legitimate investments. Although, there are various types of pyramid schemes and some do sell goods and/or services.

Participants in particular pyramid schemes are primarily compensated for recruiting new members into the scheme, rather than for legitimate business activities.

Sending zaps for onboarding would be an example of this.

In many pyramid schemes there are exchanges of goods or services provided, but there's no feesible way to excel. You're always making money for someone else while you work... Simply put. It sounds like every other company.

Bitcoin likes to take out the middle man, so sending sats over the lightning network is the incentive to have Bitcoin. Or at least a piece of it. Once you have it, you're recruited. People will throw spare change at you, and no one turns down free money, so they agree to accept it and become a "bitcoiner".

Participants are made to feel special as if part of an exclusive elite club. (As if we haven't seen thus behavior before.)

Participants are also promised high returns or profits for their initial investment, often with minimal effort or risk. That goes for both Bitcoin and pyramid schemes or scams.

The focus is on recruiting and the movement of money within the scheme.

It's very similar, isn't it?

It relies on manipulation, doesn't it?

Yes.

Nothing can become something, as we've witnessed throughout all of history, but it doesn't mean it's not a scam... It doesn't mean it's sustainable. There are no guarantees. But it sure breeds hostility and toxic behavior.

These words are enough to have me outcast, shunned, and labeled clinically insane by the Bitcoin community. That's how I can be assured that the cult mentality is unwavering.

It is what it is.

Don't be a sheep.