h/t @FossGregfoss for helping me frame this in my mind
So don’t be surprised #bitcoin hits any price to the downside. They are forced sellers (liquidated gamblers) or they are in the clueless crowd.
Stack against the inability for @PeterSchiff to understand.
the arbitrage is infinite like fiat
Sadly for most privileged people they won’t “have to get it” until their currency is collapsing and then they’re forced into #bitcoin versus opting into it.
@thelevelupexp Problem with that statement is Bitcoin has never done well in an environment where the FED is tightening, or taking away the easy money. The market dynamics are changing, and because of that crypto will get slauuuuughtered. Crypto is the very definition of a risk asset.
@thelevelupexp Your truth is mine brother but there's one problem - they already know. That's why they have co-opted the BTC market and are slowly but surely draining the supply from our hands. Don't ever under-estimate the enemy. They will do things you could never bring yourself to do.
@thelevelupexp This is the launch point. 2021 #crypto began to show functioning market characteristics such as many marketplaces, relatively many more buyers and sellers, actual pricing instead of just whales pumping and dumping. When it diverges from traditional equities expect to see magic.
@thelevelupexp What's crazy is you describe Bitcoin with great accuracy in your title and people still don't understand 😂 "perfect money" indeed 👍