Oddbean

frankly its ridiculous to talk about an asset as young as Bitcoin "holding value" what you're seeing is VC money and institutions speculating on a new asset class. which is the only reason bitcoin is priced as it is in fiat terms. that isn't "holding value." that's speculative interest by fiat hodlers.

I tend to agree. There are good and bad times to buy assets, that's why I haven't bought any Bitcoin since Jan 2023, and a chunk of that I sold on the way up because I prefer to bet on myself rather than markets.

90% of people saying "holding value" are actually talking about increase in fiat net worth. Fiat price is not an irrelevant metric but it doesn't mean what most people think it means. And simply that it's a fiat metric means that Bitcoiners in particular should take it with a grain of salt.

Its not a fiat metric but basic idea that a medium of exchange appreciates in value, be it fiat, basket if groceries or an ounce of gold. Bitcoin's primarily goal is to detach the state from the money issuance – as evidenced by the inscription in the genesis block. Privacy, while a very important aspect of it, was never the only thing that mattered. Monero folks always leave this side of the coin unmentioned while eagerly accenting how bitcoin is shit and monero where it's at because it's more privacy focused.

You mentioned Bitcoin increased in fiat shitcoin terms – I'm saying it's an increase in value, not only in fiat but in everything. Bitcoins buy more moneros today than yestrday. It's a shitty counter arguement used by Monero folks all the time.

You can buy whatever you want, no shame in that. But you can't cheerlead an alt without looking desperate. Bitcoin is not just about privacy, it's more about printer go brr. If you, the monero cheerleaders, can't grasp your heads around that, there's nothing to be discussed further.

I'm not buying anything. I'm just following your logic to it's conclusion to see if it makes sense to you. Dogecoiners from 2020 and before can now buy more stuff than Bitcoiners can to this day. So according to your own argument you should start looking to get more Dogecoin. This is why hyperfixation on price and trading pairs is dumb and leads to missing the bigger picture and entire value prop of Bitcoin. Especially when the whole ecosystem is hardly 15 years old. A baby.

DOGE is a shitcoin with dismissal intraday volume, if you understand market dynamics, it's easy to see that thin markets are more volatile. The fact that Elon cheerleader a shitcoin, which rallied on that hopuim, is not the same as outperforming all tradfi assets on significant volume. There can be no analogy between these. Monero cheerleaders look desperate, there's escaping that unless the attitude of these people changes.

Now you're changing the argument from "can buy more stuff" to intraday volume and volatility 🥅 Which is kind of ironic considering those are the biggest arguments against Bitcoin from TradFi normies Really? Everyone in crypto is cheerleading for something here, buddy. You just happen to be doing it entirely for Bitcoin. At least I don't think Monero is the one and only coin and second coming of christ

It's more nuanced than a coin went up. I gave you the reason why DOGE went up and tried to explain why one can't draw analogies based on that. FWIW, I own and use monero too, I just dont cheerlead for it at the expense of Bitcoin because Bitcoin's proposition is not just privacy – anyone with honest attitude can comprehend this simple truth.