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31 sats \ 0 replies \ @kepford 1 Nov 2023 \ parent \ on: Is anyone worried they're consuming too much hopium? bitcoin
Here's the deal. Bitcoin is valuable because of its utility, scarcity, and security. Its NOT valuable because of the market price. The market price is simply a refection of what people think/believe. Over time market prices become more stable and accurate as people gain experience with something. If a product or thing is terrible over time people stop valuing it. MOST people do not understand bitcoin's utility. They are just followers. They aren't explorers. Some are speculators. They wanna make a quick buck. And I mean fiat. Many SN people actually get it. Bitcoin is a revolutionary idea. Its utility value is still unknown to us. Most of us believe it is cheap right now. It is undervalued. The more I study bitcoin and understand it they more conviction I have that it is hope for future generations.