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I’d argue that knowing the design of the protocol AND the proof of work mechanism and difficulty adjustment, a bitcoiner knows that the value of bitcoin goes up over time. Whether or not the bitcoin market price goes up month to month can be manipulated BUT the fundamentals of bitcoin from a first principles level NECESSITATES NGU.

It’s just a function of on what timescale and how aggressively. Right now the fiat assholes are doing a pretty good job manipulating the bitcoin rate of exchange markets.

I blame Coinbase.

vnprc 9mo ago

I've been around bitcoin a long time. Every major leg up in the price chart comes with adoption by a new group of investors. They pile in all at once but only when the underlying tech is mature and when the social and political landscape is favorable.

This doesn't "just happen". People make it happen. It's ground game. There are no guarantees.

Nothing wrong with stacking sats until you hit your number. All I'm saying is pay it forward. Have a plan and start to execute when your number comes up.

We make bitcoin happen. 🤙

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Discussion

Bud 9mo ago

Only logical that it takes more to move the market at $2 trillion than $1 trillion, a half trillion, etc. and there are so many adjacent vehicles to pile into now, like MSTR and its ecosystem of alternatives, the other HODLing companies, the 2x levered ETFs, etc. That’s probably why the public miners are in the toilet: They and MSTR used to be the only stock game in town.

I’m not arguing with what you said at all, just observing that there are a lot more options for fiat entry. Agree we need a new class of buyers for Bitcoin.