I’ll buy Cardano again. But at lower prices. No spells needed to break. If cardano gets to .10-.15 that will be a 10x if Cardano gets back to $1-$1.50
Very possible imo. Alts aren’t meant to hold until they prove they can deviate from bitcoin’s 4 year cycle pattern.
$HYPE seems to be trying to do that this cycle 👀
"Bitcoin isn't backed by anything."
Let me stop you right there.
Bitcoin is backed by energy. Real energy. Kilowatts. Heat. Physics.
The kind of backing you can't print, fake, or vote into existence at an emergency Fed meeting.
Every block mined is a thermodynamic proof of work. Not a promise. Not a policy. Proof.
The issuance schedule has never been amended by a committee. Not once. Not ever. Because there is no committee.
There's just math. Cold, indifferent, and immune to political theater.
The network is secured by more raw computing power than anything humanity has ever built. Hundreds of exahashes per second standing guard. Every single day.
Now let's talk about what is backed by nothing.
The dollar.
It's is backed by confidence. Specifically, confidence in the institution that printed $6 trillion in two years while telling you 3% inflation was healthy and you should be grateful for the soft landing.
In the same people who can't pass an audit.
Who fund wars with a credit card.
Who promise solvency while sitting on $39 trillion in debt and accelerating.
"Backed by nothing" isn't an attack on Bitcoin.
It's a confession about the dollar.
Follow if you're serious about building wealth they can't print away.
It already is money for those who want to exit the system.
It’s open-source code.
It exists on a global distributed supercomputer.
Its rules are enforced by anyone who runs a node.
It’s already working exactly as intended because it’s decentralized and nobody controls it.
You might just want it to be something else.
I don’t.
I can own it without a bank.
I can send it peer-to-peer without government permission.
And I know its monetary policy can never be changed by a central bank because there isn’t one.
I also think I understand what the financial-industrial complex does and does not control, so I can adapt my expectations and develop a strategy accordingly.
FIC has captured the short-term price because part of the community uses FIC wrappers instead of self-custody.
That’s just reality.
So develop a strategy based on reality.
@Danny_Crypton How do you figure we aren’t in a bear market for crypto?
It hit a top at almost perfect timing in October and have been down trending since.
@LawrenceLepard@theswansjr His son owns and is an advocate for bitcoin. I think Schiff plays the villain from the perspective that bad publicity is good publicity while his son gives the family the exposure.
Total speculation, but smart if true imo.