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0 sats \ 1 reply \ @kepford 19h \ parent \ on: Saying 1 btc = 1 btc when fiat price goes down is stupidity/cope bitcoin
@79c9095526
Indeed this is true. It sounds like you are my senior and with that in mind I thought I would share something that you may already be aware of. There are MANY bitcoiners online that talk big games. They seem really immature and they are full of a lot of bravado. They often have massive logical holes in their "arguments". Some of this is age, some of this is the mediums promoting this type of personality. Personally I don't really consider them representative of a significant number of actual people. Few people are authentic online. Many are trolls for the fun of it. They repeat bromides that while are true have become distorted. They repeat things they do not understand.
In the end... they don't matter. What matters is your vision for your life. How does bitcoin figure into that. How can it help you achieve that. We are in the price discovery phase of bitcoin. I doubt it will become the medium of exchange in your lifetime. It might in mine. I'm not counting on it though. So, this is what directs many of my decisions. I'm not expecting to get rich. But, I am expecting my sons to do so if I have taught them well.
Do with that what you will.
I agree with you completely here. Very few people are authentic online.
I also agree we are still in bitcoin price discovery mode. As someone who converted 95%+ of their networth into bitcoin years ago and no longer earns a fiat income, I feel more sensitive to price movements (in either direction) than perhaps I would have were I 35 with a relatively small networth.
My purchasing power, my retirement plan, etc.. hinges on the purchasing power of bitcoin and that purchasing power (for today) is measured by the bitcoin to fiat exchange rate set by the market because all the goods/services I purchase are denominated in fiat.
That was my original point. Purchasing power matters with a money. A lot.
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