@Jason Have you looked into the sovereign debt situation, brother? For those of you wondering whether we’re early or whether BTC is undervalued, these are the predominant opinions.
@parkeralewis Man his take is actually the right one, and you’re too smart to not acknowledge it. Having to roll dice 100 times to secure one’s savings is absolutely insane. That simply doesn’t scale and is atrocious UX.
@bitcoinplebrity@SusieBdds Complete cope. Don’t act like you’re not in it to grow your purchasing power. That is literally the only reason to move your savings into any vehicle: to protect or grow your purchasing power. To that end, Bitcoin is proving that it offers a terrible risk adjusted return.
This is just getting stupid at this point. 10%+ annual returns can be found in public equities without the 10,000 risks of owning Bitcoin. 99.9999% of people have absolutely no interest in rolling fucking dice to secure their life’s work. We’re no longer being compensated via returns for this risk profile.
@HodlMagoo Magoo where is BTC demand going to come from? Maybe it’s just the bear, but for the first time in a while I just don’t see a path to significant buyers at this point.