Replying to Avatar Sikto

You keep on bringing this up. Isn’t it just a lack of liquidity? Trump is sucking a lot of money out of the system. Capital isn’t moving. Markets hate uncertainty and bitcoin is no different?
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BoomTown 10mo ago

Also, honestly, I’m just so tapped out … the friends, the family dunking … the relationships that have drifted away or even become anchored on bitcoin hodling. For the Class of 2021 we’re in the midst of the worst 4 year performance of Bitcoin’s history when we should be enjoying the exponential rips that all the prior vintages of bitcoiners have enjoyed.

Something is not right — absolute scarcity means absolute scarcity. We have all these “early” bitcoiners cheering MSTR (without proof of reserves) and acting like we’re crazy for expecting NGU.

Someone big and powerful … someone who is not a friend to bitcoin … they’re trying to break our spirits … and - the longer we flutter in the purchasing power range we’ve been stuck in since February 2024 - it’s kinda working.

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Sikto 10mo ago

I can understand what you’re saying and I empathize with the feeling but there is no way this thing gets the growth it had in the early years without its integration into the legacy system.

Mfers have been trying to manipulate it for years. When it was smaller, it was individuals or groups of people with less resources that tried to game it and got fucked. I don’t see this as any different. Now it’s the big boys turn to attempt the same thing.

I’ve never expected it to provide riches, over a short amount of time. Got to play the long game. Hang on and let it all play out.

Trump is sucking out a lot of liquidity and Bitcoin is the only free market left in the world. It’s the canary in the coal mine.

As long as Trump is trying to kill the dollar, there won’t be any rip. People think bitcoin is traded on announcements but it’s not. It’s all about liquidity.