They are though. You saying "but the price may go down!" Me saying "maybe, but the price must eventually go up!". Most of Bitcoin's violent upward moves happen 3 to 5 days a year. The idea that you're gonna time that correctly is just not good math. Buy. Hold. Win.
both statements can be true though. if you bought at the previous cycle top, you are still up, ...which I guess is your point. and i agree. i am saying, you can be up bigger if you can get in with a bigger amount at cycle bottoms. doesn't have to be the exact bottom but you are leaving gains on the table. then you come back and tell me i am going to get wrecked for timing things.. but then i tell you, i am just adding more during drawn downs and bear market vs. more when the top is mostly in.
Of course not..... Except for gold and silver bugs, no one else makes their entire personality into some zealot position. The arrogance of stating the below is truly astounding.
Im pretty sure dollar debasement is common sense. Unless you are calling common sense a zealot position.
I'm sure that sounded good in your head but it really just betrays one accepting the world for how it is verses how we want it to be.
So why do you keep saying this then? You admit it's not an actual point, so just drop it. Not relevant. It's the same arrogance that empowers me to say the Sun will come up tomorrow in the East and set in the West. It's a statement based on math. Bitcoin's best-in-class monetary properties are based on math. Its destiny to increase in value is also based on the math of the US financial system, which must expand to continue living. That expansion inevitably finds its way into the hardest assets, of which Bitcoin is the apex. Put simply, Bitcoin has no top because fiat has no bottom.
This is the "What do people think about Bitcoin" thread, no? It's 100% relevant to your opinion on Bitcoin since you have pushed your chips all on in. The best in class monetary properties that you don't actually use and just keep stored under a digital mattress? The best in class monetary properties that you ultimately convert to USD to make use of? The issue is you believe expanding money supply is inherently bad, when it's simply growth and activity.
I'm not questioning whether it's on topic. I questioned whether it was a valid point. You admitted this was a non-point. Yet you bring it up constantly. Odd behavior. Whether or not someone "makes it their whole personality" is not relevant in any way to its utility. Yes -- and? Money and currency are not mutually inclusive of each other. I am not bothered in the slightest converting my BTC wealth into USD to transaction/exchange with. The same way I doubt people who hold real estate, stocks, and precious metals are, either. Expanding the currency supply punishes those who save, rewards debtors, and enriches those closest to the printing mechanism. It is inherently bad.
This is why you're a socialist. You blindly believe in the narrative. Bitcoin is neither inflationary or deflationary. Its a fixed amount and that number doesn't change. Only the distribution. This is why bitcoiners say 1 BTC = 1 BTC. Now you're free to measure Bitcoin in whatever format you wish. USD, Euro, Gold - it doesn't matter. All I know is that I trust the software and the distributed network that they will never change this. Let me make this very clear to you - I am not a fascist. I am not asking you to interact with bitcoin. If you dont like it, dont buy it. IDGAF. If you dont understand it, I dont have time to teach you. But unfortunately I have to use the USD. Our government does not allow us to freely transmit publically. Now sure, you can have whatever currency you want and you can have whatever rules you want, just post them and stick to it. I don't care if it expands or contracts. Now that said, The USD doesnt follow its own rules. USD was once backed by gold and those rules changed. Now its backed by the good faith and trust in the government. Only fools trust in the government now. I am not saying our government is some tyrannical regime, but what I am saying is our government is full of unqualified people who have no businesses serving in that capacity. And they control the money supply. And they are greedy, selfish and stupid. Just look at Kamala Harris.
Re: bitcoin isn't inflationary or deflationary The natural state of markets is deflation. Prices drop forever and services and products get better forever, naturally. Bitcoin just allows this happen. Much like gold did prior to the 20th century.
when an influencer, whose has filed for bankruptcy protection more than 6 times, gets in, ,is it time to get out ? Crypto Collapse Cuts $1 Billion from Trump Family Wealth The Trump family has recorded over $1 billion in crypto-related losses since September, driven by the declining value of tokens, failing equity in crypto-linked companies, and poor returns on major digital asset investments. The financial blow reflects the high volatility of the crypto market and the risks of aggressive exposure to speculative ventures.
The TRUMP memecoin, associated with the family brand, has lost about 25% of its value since August, deepening investor concerns. At the same time, World Liberty Financial’s WLFI token, one of the family’s largest holdings, saw its paper value plunge from $6 billion to about $3.15 billion. Although the WLFI tokens are locked and not yet tradeable, earlier token sales brought in nearly $900 million, with the Trump family reportedly receiving a large portion of those proceeds. The coin’s value dropped from $0.26 in September to about $0.14 by November. Some analysts noted that wallets linked to insiders unlocked 90 million new TRUMP tokens since July. The Trump family’s estimated 40 percent stake in those newly released tokens added approximately $220 million in value, but the broader price drop more than offset those gains.
Trump Media & Technology Group (TMTG), operator of Truth Social, invested $2 billion into cryptocurrencies this year. The firm acquired around 11,500 Bitcoins at an average price of $115,000, but with Bitcoin trading near $82,000 to $86,000, the investment is now approximately 25% underwater. TMTG also purchased $147 million in CRO tokens from Crypto.com, which have lost nearly 50% of their value. These missteps have driven Trump Media’s stock to record lows, with shares sliding more than 66% over the past year. Eric Trump’s mining company, American Bitcoin Corp, founded with Donald Trump Jr. and Hut 8 Corp, has not been spared either. The company’s stock fell over 50% from a peak of $9.31 in September, cutting more than $300 million from Eric Trump’s 7.5% stake. According to some analysts, what we are witnessing is a textbook example of what happens when too much money chases too much hype. When influential figures dive headfirst into crypto without hedging risks, the fallout can be brutal. The Trump family’s big crypto bets looked bold on the surface, but they leaned too heavily into speculative territory. It’s a harsh reminder that even billionaire-backed ventures are vulnerable when the market turns. Whether this is a temporary dip or a lasting dent remains to be seen, but this kind of volatility is exactly why diversification is key.
