There are two kinds of Bitcoiners
Rich ones who wants to see their life savings appreciate against real things
And poor ones who want to send 10 cents to Somalia
Discussion
The “rich ones” you refer to are just degens that want to see 1000X gains in 6 months time and think they don’t have a problem with gambling.
Nah I was referring to me homie
Big difference between wanting a 1000x every 6 months and caring about annual price performance
Worrying about it on an annual basis sounds like a good way to stay stressed out. Zoom out to at least a 5 year window. If you put money into bitcoin that you need within the next year, then you’re not saving, you’re gambling. Some would call it “speculating” if that makes you feel better. Keep cash on hand for immediate and near-future expenses. Save everything else in bitcoin.
I've been here for 5 years bro
It's alright to admit that you care about price performance on an annual basis
Bitcoin is up over 500% in the past 5 years. You can care about annual performance but it doesn’t mean your head is in the right place.
You're intentionally missing my point, rich Bitcoiners care about price, poor ones care about 10 cent international remittance transactions over cashapp. Price is and always will be the signal.
I don't care about $ price. It doesn't make sense to measure something scarce with something that's exponentially growing.
Gold/BTC price on the other hand is a much more interesting metric.
Completely agree. God bless you.
5 year gold/BTC will go negative spring next year if prices stay the same though.