Well. We like it cheap. The greedy bankers like it cheaper! But one thing I have noticed more is. People now understand this much clearer and are more than happy to buy up these drawdowns. Myself included.
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Replying to @HKBelvedere @TheBodhisattva4 and
Bitcoin is still an experiment tbh. This is a key point to understand. It has no right to hit silly prices just because we want it to. It could be drawn down to 20K but I think if the price dumps to 25K or less - it’s going to effectively die....
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Replying to @HKBelvedere @TheBodhisattva4 and
But on the other hand. The solid foundations and the whole holding culture will always mean there is a market. It’s never going away completely IMO. And I will always see Value in defi ways to store value.
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Replying to @HKBelvedere @TheBodhisattva4 and
Once you really understand the protocol and the absolute genius concept of Bitcoin. You simply cannot help but buy and hold. It’s some kind of AI intelligence that infects your mind.
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Replying to @HKBelvedere @TheBodhisattva4 and
I talk too much don’t I? lol
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Effectively die? Don’t think so, more people would be buying the blood and hoping for another 10 bagger from sub 10k
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See next tweet. Die in the eyes of the mainstream.
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Replying to @HKBelvedere @TheBodhisattva4 and
The holding culture would always keep a market afloat
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feel that... huge mining co’s and the like r mining the final 2.3 billy BTC and been doing so for years tho... once it’s in the hands of tutes and whales they can orchestrate a crash whenever they want and rinse repeat
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Replying to @TheBodhisattva4 @HKBelvedere and
Doubt retail has as much say in the matter as they think ... perhaps I am being too cynical ...
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I’m cynical AF too. But I agree with The notion Bitcoin is like mp3 file sharing in the late 90s/2000s. The labels wanted it banned etc. It could not be done. So they had to evolve (streaming) I believe banking will go the same way, buts it’s a different animal I know......
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