Oddbean new post about | logout
▲ ▼
matt | 8 months ago (raw) | root | parent | reply | flag +3 
 I'm seemingly one of the few maxis who think too low of a price for too long massively increases the odds of Bitcoin failing. The fiat price has to keep going up for healthy growth and stability to exist. I would yawn and buy at 125k right now.

I want to pay more for sats because I care more about the mission than the size of my bag.
▲ ▼
YunusAtSea⚡️🌊 | 8 months ago (raw) | root | parent | reply | flag 
 Ooff, chad take right there 👌🏼
▲ ▼
matt | 8 months ago (raw) | root | parent | reply | flag +1 
 It's a completely and proudly selfish take. I have my entire wealth stored in #Bitcoin and need it to succeed. Sure, I could amass more if the price stays low forever, but that does me no good if no one wants to actually use it with me. Frankly, we can't have it both ways. It can't be a store of value AND stay low in fiat price terms. The two ideas are simply incompatible. It has to rise in proportion with demand for wealth preservation and fiat's decline in value.

We are beautifully lucky even at the price right now, and some idiots are too stupid to see that. They want it to tank and potentially kill many of the people we convinced to store their value here. Not everyone is prepared for those drops and it only serves as more fud and prolongs freedom for humanity.

All so some asshole can fill his bag more. It's easy to see who is here for fiat and who is here for true wealth AND humanity.

I want freedom in MY lifetime, not after I'm too dead to enjoy it.
▲ ▼
YunusAtSea⚡️🌊 | 8 months ago (raw) | root | parent | reply | flag 
 Nailed it bro. Let's hope it keeps rising 🚀🌚