Michael Saylor previously said when Bitcoin is trading at $1 million per coin he will be buying $1 billion of it per day.
Well today he bought over $1.1 billion in BTC in a single day and price is only $80,000.
Are you thinking what I’m thinking?
@OtterHODL I understand that it can sometimes be very tiring, but once you gain back your energy, speaking about Bitcoin in real life is essential for Bitcoin adoption. You like it or not, Bitcoiners are the only mechanism Bitcoin has for people to learn about the new shift.
@theswansjr the honest answer is most people still don't understand what bitcoin does, they just think it's like any other asset and will either go up or down in value. stage 3 is where things get really interesting
The 4 stages of understanding Bitcoin.
Stage 1: Dismissal. "It's fake internet money." The frame is simple: gold is real, cash is real, Bitcoin is nothing. You've heard this. You may have said it. It's the default for anyone who hasn't had a reason to look closer.
Stage 2: A ray of light. Something makes you look twice. Inflation hits your grocery bill. A bank fails. Someone explains how the Fed actually works. The "it's nothing" story develops a hole. Most people patch the hole and move on.
Stage 3: The rabbit hole. You read the whitepaper. You look at the supply curve. You see the fiat game and realize "backing" is a story we tell ourselves about all money. This is where it gets uncomfortable.
Stage 4: The other side. Bitcoin isn't an investment anymore. It's the first monetary system you've seen that doesn't depend on trusting someone's promise. No inflation committee. No debt ceiling votes. No emergency printer. Just math that runs the same whether you believe in it or not.
The stages don't follow a fixed timeline. Some people move through them in a weekend. Some take years.
The question isn't where you are in the stages. It's whether you're willing to keep going.
Drop a question below. I read every reply.
@Frakktalik@theswansjr The government will never allow a currency to exits that it doesn't control. Right now it's just watching how it's used so they can make their own. Then they outlaw yours.
@theswansjr It was 2013 when I first heard that bitcoin cannot be controlled by any government or individual. Years of study and accumulation followed (thank you Andreas, you changed mine and my family’s lives forever). I’ll ride this thing to zero.
Buying power of $100 over 92 years:
1934: $100
1944: $76
1954: $50
1964: $43
1974: $27
1984: $13
1994: $9
2004: $7
2014: $5.75
2024: $4.25
2026: $3.90
The dollar lost 96% of its purchasing power.
Yet people still defend inflation like it's some natural law of physics.
It's not.
It's monetary debasement.
Study bitcoin to escape this trap.
Both of Trump’s hands were caked in thick makeup covering some obvious sign of a medical condition they’ve not revealed, and corporate media just kinda…doesn’t care?
@Maxxx669045@SnapAus@Vivek4real_ A powerful computer network? Mathematics? You think that's why people accept it? Flip a switch and it's gone.
Bitcoin is more fiat than paper. That why all of you are out here screaming how valuable it is - trying to convince others. Belief defines value=fiat.
@SnapAus@Vivek4real_ What backs it? The most powerful computer network on the planet and the laws of mathematics. Gold is 'backed' by the hope that someone else will buy your shiny rock, and fiat is backed by the promise of politicians. Bitcoin is backed by proof of work, energy and physics don't lie
@RonSwanonson What makes you think those who push bitcoin are any more trustworthy than those who control paper currency? Lol. Bitcoin is way more fiat than any country's currency and you are falling for it.
The only reason I promote bitcoin every day is because it can help our entire humanity
When 8 billion people have access to a fair monetary system and free market for the first time in history, you tend to want to spread the word
Bitcoiners are just sick of people being stolen from in a corrupt system
People are eating more and more processed foods, can’t afford a house, can’t afford to have kids, are working three jobs to get by…
It’s disgusting to watch
For once, we have an answer for it
“Gold has no inherent value. It's a shiny rock... people buy gold because they think other people value gold, and that's a self sustaining equilibrium.”
@CMNSenseUSA@JustinWolfers It's not. What's the difference if you have to wait a day or two? Any value with expediency is offset by bitcoin's reliance electricity. If that's out, owning bitcoin is useless. You can store gold without a bank and control your own wealth. Bitcoin is pretend money.
@JustinWolfers Bitcoin does have inherent value. You can send wealth around the world in a few seconds with no intermediary and for a few cents or a few dollars. You can store it without a bank and control your own wealth. If that's not inherent value, then I don't know what is.
@Imposter_Edits@LeadingReport I live in a rural farming community. They will never go bankrupt. They have more subsidies, assets and technology than they know what to do with.
@LeadingReport yes, and that will hurt us much more than it will hurt them, but trump is so detached from reality he doesn't understand that.
Even after his last round of tariffs put the economy in a spiral and bankrupted farmers.