[Bitcoin Price Therapist] Bitcoin Price Falls, Nobody Knows Why (BM, JB) \ stacker news ~bitcoin

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[Bitcoin Price Therapist] Bitcoin Price Falls, Nobody Knows Why (BM, JB)bitcoinmagazine.com/markets/bitcoin-price-falls-nobody-knows-why

387 sats \ 13 comments \ @denlillaapan 4h bitcoin

I got tired of all the clickbaity media newsflashy-price SHIT.

Also, @Car will like:

David Bailey, Chief Executive Chairman of BTC Inc, the owner of Bitcoin Magazine, and the Forrest Gump of Bitcoin, merged his Nakamoto with KindlyMD and finally got to unleash his war chest of almost $700 million to buy bitcoin. He hit the (local?) top, as so many bitcoin-savers have done over the years, and instantly incinerated about $36 million.

In that same vein... YOU WANT US TO PUBLISH BETTER STUFF? Then fucking read and click on better stuff -.-

All we can do, as good bitcoin price therapists, is deal with it. Buy more, sell some chairs or kidneys, or close the screen and go for a walk. Nobody knows if hyperbitcoinization is here next week or next century, even though it makes a world of difference to your personal finances which one it is.

"That’s all the therapy you get this week. Go touch some grass and may the sun shine brightly on your face."

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161 sats \ 4 replies \ @SimpleStacker 2h

I think siggy said that at his in-person meetups, people mostly want to talk about Saylor and price.

Face it, bitcoiners are a minority, and principled bitcoiners are a minority within a minority.

30 sats \ 1 reply \ @028559d218 2h

So what is this "plan" of these Saylor and price people?

Wait for it to go up and then... sell for what? Dollars?

It has been going up, it has been virtually on a bull run since like late 2022. They could sell now, and be "in profit". Why don't they?

And after all, what "price" are they looking for? If Bitcoin is 200k USD per Bitcoin... is that enough for them to sell? That's less than 2x of today's exchange rate. So what difference does it make?

If these people self custody (they do I assume) and run a node (they should) isn't it a huge hassle to move Bitcoin to an exchange? Address verification, confirmations, Cap Gain taxes on a registered exchange, the paperwork, security etc etc

There are a lot of moving parts. It just seems like 'the price' is a silly thing to worry about.