@tootmcboots@danheld@StevenTDennis No, they have become the de facto necessary alternative to staying in cash and seeing your purchasing power inflated away...which is why everyone's grandma is essentially forced to buy index funds, just for a shot to narrowly beat inflation
The dread I see from bitcoiners (and the football spiking from the haters) is very short-sighted to me given that since 2022 (right before the BlackRock ETF filing) Bitcoin is up 429%, gold 177%, Silver 350%, QQQ 140%. In other words bitcoin spanked everything so bad in '23 and '24 (which ppl seem to forget) that those other assets still haven't caught up even after having their greatest year ever and btc being in a coma. IMO what happened was the 'institutionalization' narrative got priced in very quickly and ahead of it all actually happening. So it had to take a breather so the actual narrative could catch up to the price. Feel better now? You're welcome.
I love these dips.
These moments of pure terror. Like jumping out of an airplane and feeling the ground fall away.
30% of your net worth gone in a week. Do I cut my losses? What if I was wrong?
Doomscrolling through a feed of red charts. Listening to panicked traders call for terrifyingly low numbers. Zero, perhaps? Another mathless blowhard tells us how Saylor is about to be liquidated. This time, surely, is different - or just like all the other times?
It’s in these moments, dear bitcoiner, that you earn it. That you learn to tune out the noise, and listen to your conviction.
Without them, as it has for the last two years, Bitcoin feels too easy. It cant be a straight line up, or it would already be priced in.
These moments are why the future belongs to you, and not to those too timid or too weak to jump onto this orange roller coaster and hold on for dear life. Because you earned it in moments like this. You held on. You bought the dip. You set the floor.
Its chaotic. It’s terrifying. It’s nerve racking. This journey we’re on together.
But how did you think it would feel, remaking the world?