reply on: AskSN: How do you get a bunch of stackers to reply “1 sat = 1 sat?” \ stacker news ~AskSN

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30 sats \ 14 replies \ @ek 10 Nov \ parent \ on: AskSN: How do you get a bunch of stackers to reply “1 sat = 1 sat?” AskSN

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.

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.

20 sats \ 12 replies \ @ek 10 Nov

So bitcoin price in USD terms matters or not?

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.

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.

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.

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

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.

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.

51 sats \ 5 replies \ @ek 10 Nov

These are the three things I thought we agreed on:

A) Bitcoin is an asset that goes up.

B) Rich people hold assets that go up.

C) Rich people have influence.

=> bitcoiners have more influence if price goes up even without selling

But for some reason, you think bitcoiners are special and need to sell to have influence like rich people.

I can’t explain my point better than that.

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