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161 sats \ 6 replies \ @SimpleStacker 5h \ on: [Bitcoin Price Therapist] Bitcoin Price Falls, Nobody Knows Why (BM, JB) bitcoin
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.
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.
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Sell?
sell for what?!
Sooo... There is no revolution, its just hype?
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I've always maintained that a possible outcome for Bitcon is something like TOR.
Forever niche, but having its place.
FWIW, Bitcoin price can continue to go up, even if its impact on society is small and niche
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There is no way to have a revolution without hype.
And no way to have hype... without a revolution
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