THIS TIME LAST YEAR THE EDGE LORDS SAID THE ETFS WOULD BE IRRELEVANT.
ETFS LAUNCHED. PRICE WENT UP AS EXPECTED.
SAME THING HAPPENING RIGHT NOW WITH THE STRATEGIC BITCOIN RESERVE.
THERE IS A WEIRD MENTALITY AMONG SOME BITCOINERS THAT PRICE GOING UP IS IRRELEVANT.
ALL OF US HAVING MORE PURCHASING POWER IS INCREDIBLY HELPFUL. LIFE IS EXPENSIVE.
True, but im still not a big fan of that catalyst events
I would never say that SBR is relevant, but what do you think is the chance of them actually going into play in US. To be fair I donât trust politicians, Trump included. I will trust once I verify they are in place.
90%
Could you justify why do you think it is 90% do you have inside info or itâs your gut feeling? Iâm just super curious, because Iâm more on a 10% side of it happening.
Price value is good but it's not all its about. And it's so sad to see people buying into ETFs to be honest. Just buy your own Bitcoin. Giving companies fiat to allow them to buy Bitcoin and hold it themsevles while IOUing you with fiat that will most likely be devalued at some point in the future just seems crazy to me.
YES
EDIT: I would never say that SBR is not relevant*, but what do you think is the chance of them actually going into play in US. To be fair I donât trust politicians, Trump included. I will trust once I verify they are in place.
Life is expensiveâŠ
Holding fiat is suicide
Plus it's a handy thing to rub the doubters noses in
NGU HELPS SUPPORT THE MISSION
THATS WHY WE STAY HUMBLE
AND STACK SATS
Number go up is critical for more adoption
Number go up is the measure of more addition
life is, indeed, expensive đ«°
nostr:note1m95w3ml3hkt9fxj5f355nuzrlhu4a7sx6y8d4tzrl3dzgpvrrd7qsszqqp
THE GOOD THING IS WE HAVE #BITCOIN BECAUSE WE CAN OPT OUT OF THIS B.S. SYSTEM. đđ§Ą
Outta 10 - what the chances the BSR gets passed?
More chance Ross gets out or BSR?
Downward volatility confirms people's misunderstandings of Bitcoin.
The upward volatility that then follows shocks them into capitulation and adoption.
Plus price is a pretty good metric to follow the draining of all earth's financial wealth into bitcoin.
OK, we know it's gonna happen whatever, but you think I'm not going to want to watch!?
It really is odd when people say "stop focusing on NGU"
Like brother, NGU is the feature. We will make the world a better place because of NGU, as we will be in better financial position to do so. It matters.
NgU is not the game, but in many ways it is the scoreboard.
Seems fairly relevant that prices head lower and lower over the years while my loved ones suffer continuously because politicians and media have scared them away from BTC because itâs So VoLaTiLe!
Seems pretty volatile to me that my neighbors have had to sell houses because they canât afford the historic increases in property tax. Tell me how this IS NOT taxing unrealized capital gains, already a policy for every dollar slave impudent enough to own a house.
Thanks nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
True đđ»
ITS NOT IRRELEVANT.
IT'S ANTIFREEDOM.
BRINGING IN NGU NORMIES WITH THE CURRENT TRADEOFF SET UNDERMINES BITCOINS CENSORSHIP RESISTANCE.
BUT I HAVE IT ON GOOD AUTHORITY
THAT WE WILL COMPLAIN NO MATTER WHAT.
SO... PROBABLY NOTHING.
PEOPLE YOU DO NOT LIKE BUYING BITCOIN DOES NOT UNDERMINE CENSORSHIP RESISTANCE.
THATâS THE WHOLE POINT.
THE POINT IS COMMUNITY CONSENSUS.
THINKING THAT *WHO THE COMMUNITY CONSISTS OF* DOESN'T EFFECT THE FUNDAMENTALS IS SHORT-SIGHTED.
That is true. And yet, I feel the community consensus of a global currency is inclusive of everyone and anyone who wishes to use the currency.
Is this having high standards or elitism?
It's just a fact that seeking Fiat NGU is retarded
It is when the M2 money supply can just double, and people think the value of their bitcoin doubled, when in fact the value hasn't changed, but their tax owed doubles when they choose to spend their bitcoin.
With every price increase, the bitcoin denominated value and so buying power of my fiat wage reduces to zero. Time to go full bulltard and just work for corn!
It needs to go up with the number of sats youâve been zapping đ
Respect
âYou just want to pump your bags.â
So? Finally, we have an aligned incentive model!
Yeah, to say itâs not relevant is irrelevant
These CAPS đ
Bitcoin price in USD is an indicator of Bitcoin adoption. I want both to go up. đ«Ą
Without NGU nobody would give a shit. Lots of people seem to forget that.
the signaling that a price provides is fundamental in order for the market to coordinate. Thinking it is irrelevant is fucking retarded đ
As long as the Bitcoin economy is connected to the fiat system - BTC to Fiat price is relevant.
In a Bitcoin only economy where an eg âalwaysâ costs 500 Sat, there the number of Sats in your wallet is more important than their value in fiat
Thereâs a smug sense of self importance coming from those who say things like, âwhy do you care so much about price action?â
Theyâre basically saying, âwhy do you enjoy your purchasing power going up?â Often times these same people will use the acronym HFSP (have fun staying poor).
So donât enjoy your bags being pumped because thatâs greedy but also youâre dumb and gonna be poor because you donât adopt bitcoin! Itâs like they forget that bitcoin appreciates in value⊠ya know⊠number go upâŠ?
Anyways, I get the sentiment behind pretending price action isnât a factor but it comes across as a whole lotta virtue signaling when people bitch about those who enjoy the NGU aspect of bitcoin.
I thought it was no privacy = no freedom, no freedom = no wealth.
#NoKYCorBust
Yeah, this has always been a weird one for me. Anyone who says they don't care about price is either rich enough to genuinely not care, or lying.
SBR isn't going to happen anyway so I suppose a further drop in price is inevitable.
Great note Fren đ and totally spot on as usual
I love the duality in Bitcoin in all of itâs characteristics.
Personally I preferred the bear market where NGU still meant Not Going Up and we could stack more Sats.
But NGU in a bull market is also nice, knowing you need to stack less Sats for the same stuff.
Someone is advising powerful governors to use this term âStrategic Reserveâ that was first introduced by Jason Lawery in his thesis Softwar.
This signals that even though they canât understand bitcoin, there are intelligent people behind helping them making smart decisions.
Bitcoinâs price going up is good, but it should never be a reason not to buy it.
Buy bitcoin before them before itâs too late.
Itâs bitcoin or nothing, for the honor of our ancestorâs sweat and resignations.
