Things appear stable at the moment. All the broke normies have about as much BTC as they can get, adding little bits here and there.
I don't understand who anyone thinks will create generational / institutional pumps other than… Institutions. Which then get normies to add what little they can (if not taking out loans for it) before subsequently rug pulling yet again.
BTC is the perfect hedge against inflation, but none of the inflation actually goes into the pockets of normies, it's literally just cronies printing money for each other, so how does that work out in practice?
If normies are broke, and fiat is dead and perpetually inflating, who will be responsible for future pumps?
byu/Small-Let-784d inBitcoin
Posted by Small-Let-784d
6 Comments
fiat mindset. when fiat is dead there is no pumps and no profits to be made. there is just money. Money that cant be devalued and grows in purchasing power.
Everything/21.000.000
That’s all you need to know. And THE reasoning to stack sats while you can.
BTC is the goal, not rugging normies. If they rug you it’s for you giving up and selling to them. Talking about the serious BTC accumulating companies, maybe states and central banks in the future.
Rugging for fiat is the world of altcoins.
They absolutely don’t need or even want any normal person hodling, BTC is scarce enough as it is. Fiat will find it’s way into the system, the fiat of normies is negligible by comparison.
I believe once governments force us to use their cbdc’s and banks turn their apps into easy to use digital wallet we will be in for a ride.
or maybe not. who knows
This statement was true 5 years ago. 10 years ago. Fundamentals don’t change.
See you in 5 years when we’re even higher
Yeah I am too broke to hold BTC. Gotta sell it all for steaks and Gin.