No disrespect to Tim here, but people will figure this out eventually because once you see it you can’t unsee it. https://i.nostr.build/yqD5G.jpg
“I lost 95% on my investment”?
Technically correct. We need to start pricing BTC in Caribbean islands and NYC blocks
we should just use islands or farm space, no one has to live in nyc with a bitcoin standard 🤪
People are tripping over themselves to underperform bitcoin and I am so here for it, its only going to get worse as the price goes higher, people will think theres less upside let me go look for something with more alpha
Yeah I think people are still stuck in Bitcoin “as a stock” thinking so they instinctively put a cap on upside, they don’t understand that it is money and thus the TAM is effectively everything in existence. It actually creates a dilemma for Bitcoiners in a sense. If you want to invest in your own business or buy a house you gotta realise that parting with Sats is going to seem like a bad idea in hindsight.
He should have just held the bitcoin? Have I got your point right?
Tim was super early, 10 years ago it would have been difficult to forecast $70k BTC and have conviction to hold that entire time. Nowadays the network is well established and more and more are working out that if they just get a piece of this absolutely scarce asset and HODL, it will likely continue outperforming every other thing you could put your purchasing power in because more and more people are going to continue working this out and doing the same. A flywheel effect is already initiated now. Get on board or get hit by the freight train. People tend to emulate successful people and once everyone has a few successful Bitcoiners in their circles, they’re going to take it seriously and start emulating them too.
nostr:nevent1qqs2fvnm56tnly4wpkjy0wyzslpw73tmrfc5ccspz8r5r2kfzyx8dvspz3mhxue69uhhyetvv9ujuerpd46hxtnfdupzql9xd4qkdvt02jsks6qerwsuvwr2janzfarrfuufdkdkws9r3r9rqvzqqqqqqyuecnhc
If you don't spend the bitcoin, the bitcoin economy does not grow. If you don't invest the bitcoin into real economy companies and startups, the bitcoin economy does not grow. I hope people will not be stupid enough to think that simply sitting on a bunch of sats will solve their problems. If you don't make the stuff, there is no stuff.