Replying to Avatar Humble Bitcoiner

Who would’ve thought that we would get the opportunity to buy #Bitcoin at $25,000 2 years after El Salvador made it legal tender?

Not me, but I’m grateful to stack more at these prices.
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Ralphy 2y ago

It’s actually kind of unfortunate but I understand the thought around being positive in light of something bad.

I can’t imagine the El Salvador treasury enjoys their purchasing power not increasing nor anyone else with a significant portion of wealth in bitcoin.

The exchange rate of bitcoin for goods/services is the ultimate free market expression of the value of the censorship resistant, inflation resistant currency that is bitcoin. That exchange rate being lower is bad, not good.

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Humble Bitcoiner 2y ago

You think Bukele didn’t know he was doing it close to a 4 year cycle peak?

Meanwhile tourism is up, #Bitcoin bonds are doing fantastic,…

Nothing to worry about. Low time preference is key

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Ralphy 2y ago

No worries on my part and I think it was a positive step. My only point is we’re saying the grapes are sour when we ‘celebrate’ bitcoin price going down. Unless one isn’t heavily allocated of course.