0 sats \ 15 replies \ @Satosora 10 Nov \ parent \ on: AskSN: How do you get a bunch of stackers to reply “1 sat = 1 sat?” AskSN
In what way? To be rich in USD and be left out of the rise? Everyone talks like they are taking profit, but a majority of the bitcoiners are holding, not cashing out.
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30 sats \ 14 replies \ @ek 10 Nov
In what way?
You don’t see rich people in USD having a lot of influence?
I’m not talking about selling, I’m simply talking about influence. You’re still rich in USD terms even if you don’t sell. Also, even if you’d sell, doesn’t mean you need to sell all of it.
The only reason people look to MSTR is because the price went up. That matters. They don’t need to sell for this effect.
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0 sats \ 13 replies \ @Satosora 10 Nov
Rich people do have influence, I am not saying they dont. I think the power structure will be changing soon.
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20 sats \ 12 replies \ @ek 10 Nov
So bitcoin price in USD terms matters or not?
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0 sats \ 11 replies \ @Satosora 10 Nov
It only matters if you sell your bitcoin for USD. If you are still holding it in bitcoin, its bitcoin.
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30 sats \ 10 replies \ @ek 10 Nov
Rich people also don’t hold cash, they also have their net worth in assets. I see no difference.
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0 sats \ 9 replies \ @Satosora 10 Nov
You dont see the difference? If USD was so good, wouldnt they hold it in that? They hold it in assets because USD isnt worth holding.
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30 sats \ 8 replies \ @ek 10 Nov
Since when are we talking about how good USD is? We were talking about the influence of rich people which don’t save in USD just like bitcoiners. That’s my point.
Seems like you are still learning, lol
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0 sats \ 0 replies \ @sangekrypto 10 Nov
Maybe @Satosora means that rich people will also sell bitcoin and make USD too, because the direction of bitcoin is of course towards the dollar too.
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0 sats \ 6 replies \ @Satosora 10 Nov
You are talking about how the rich save in assets. Is bitcoin not considered an asset anymore? My point is that many bitcoiners arent trading their sats for usd. They are holding because they know that USD is worthless.
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