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100satsaday
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| ₿itcoin full node runner. | ₿eliever of decentralization. | All notes are my own opinions, not financial advice, not AI generated.

Something is off. BTC is backed by mining expenses which is a hard expense no matter what currency you measure with just like gold mining. USDT is backed by USD assets even if they collapse it affects the USD pair so BTC/USDT will rocket and USDT/USD will tank.

Just imagine what would happen to those “low fee” altcoins if they ever become popular. Pay high fee or be censored there is no other way.

How to long bitcoin? Just buy it. How to short fiat? Just sell it. Easy peasy lazy Nancy.

Some fomo is in the air

Yes and no. You can break the track of current system by using cash and gift card or trade goods (that’s why scammers love them). Depends on how CBDC will be designed it can be fungible (account based like eth) or non-fungible (token based like btc). The latter will be a nightmare.

Are shorts on board yet?

Are we fomo yet?

Replying to nobody

Mood

The right one for sure

I paid down 20% on a house in 2018 if I bought bitcoin instead I would be able to pay down 70% for the same house today. After 5 years of principal payment and house appreciation I now only own 65% of the house. Even at half of the peak Bitcoin win hands down.