Is there any reason to not be all in Bitcoin for the next decade?
>basic scripting that is considered ineffective>7 TPS which is a joke>choked mempool causing high tx fees and slow tx speed>no tail emission so miners have to charge higher and higher fees>stagnant code>miners are not incentivized financially to mine bitcoin; they are losing money that could be surpassed with AI inference>traceable to a laughable degree>7 fucking TPS AGAIN are you fucking kidding me?>miners leaving means the security of the nodes will deteriorateit's honestly a really bad investment. you should be hopeful though because it means there is plenty of time to reserve your assets in actually better alternatives. bitcoin dominance will end eventually; it's just a matter of when. it will settle at a price that it's actually worth which I think is 4 figures or so.
The whole point of it being a "store of value" fails even with the "le heckin only 21M bitcorns" because if it isn't actually effective in itself, the deflation argument doesn't mean it WONT lose value, it being flat LTIERALLY MEANS ITS LOSING VALUE because its SUPPOSED TO deflate. do you see what I mean?The end time is when the rainbow chart fails, and it will. the 2023 updated rainbow chart thinks that bitcoin will "be dead" if it's at 300k (the lowest rainbow color purple) in 2032. that's honestly laughable. it thinks 300k is the worst case scenario.
best thing saylor can do is secure puts for bitcoin spanning 5 years from now so he can at least lock in his losses; so that people can be forced to buy his bags due to the put contracts.
so in a nutshell, yeah bitcoin is just a historic; important and honestly respected thing that I think we can all get around but for what it functions for it got outdated long ago. It's really just important for sentimental value at this point. Just look at the tx fees and speed for litecoin and look at bitcoin; simple comparison and you'll see bad bitcoin really is.
bitcoin is outdated.
coinmarketcap is obviously biased to be hype propagandists but even their propaganda doesn't work.The Puell Multiple:>The Puell Multiple assesses Bitcoin miner revenue by dividing daily issuance (USD) by its 365-day average. It reflects mining pressure on the market. Low values (green zone) indicate undervaluation and strong historical buy zones, while high values (red zone) suggest overvaluation and potential sell opportunities. It offers insight into market cycles from the miners' perspective.Keep in mind the way it is calculated and marked is biased to be bullish, and that's fine. EVEN THENIt is failing, REMARKABLY. People think the cycle is infinite, it is literally ACTIVELY DEGRADING. This IS what people that was impossible, it is literally just going to still "cycle" but downwards, eventually leading to ironically the rainbow fucking curving down. But realistically it will remain flat. However major holders will no longer want to hold BTC as an "investment" in that case so... selling pressure, lots of it.
>>62046150>DEGRADINGThe Puell Propaganda itself is working against itself, the implications are quite clear. It's far more likely that bitcoin will get flatter cycles that cannot justify borrowing money to buy bitcoin in anticipation that it will rise so that you get a return. They will probably just redo the formula to make it look good again, just like the rainbow chart. But it looks like btc is going to reach a fair value. And once that whole anticipation of "it's going to go up because... it will go up!" thing falls apart... yeah. why woul you want to hold this again? The entire argument is the chart right? So yeah.
Bullish posts, going all in again. USA is entering a war, the inflation is going to be biblical.
bitcoin has died and come back to life more times than kenny
>>62046120>any reason to not be all in Bitcoin for the next decade?no
>>62046120nope.
>>62046137>bitcoin is outdated.
It’s the only crypto that individuals, companies and governments will decide to hold. It being ancient and unlikely to change makes it worth holding the most, the last thing you want is to buy $100m of something labeled as digital gold and the devs change everything about it. I put a lot of money into it, but it’s still highly speculative. No guarantees people will give a shit about it in the future. It’s entirely fueled by belief. Based on public sentiment, we are either still extremely early, in the preliminary stage of bitcoin, or it’s about to go to zero. Personally, I don’t know what to do with my money other than buy VOO and bitcoin.
>>62046120Why would you want to?Nobody uses it as a stateless, borderless, permissionless, p2p digital currency. And the vast majority of holders don’t want to. They just want to gamble on its price and tell their mom it’s a store of value.The strict supply limit doesn’t matter, if it’s diluted by derivatives.I can’t give a boomer a good reason to hold it in cold storage, like a good crypto-anarchist, when you can hold a derivative in your IRA?Not to mention the faggots like >>62046128 that only care about “the next bitcoin killer” that shit up the market.
>>62046287This cycle feels like a season without Kenny.
>bitcoin will go up because bitcoin will go up
>>62050762yes
>>62050762>>bitcoin will go up because bitcoin will go upyes
>>62050794>>62053035>tulips will go up because tulips will go up
>>62053051Google "global center of the floral industry".yw
>>62053051>tulips will go up because tulips will go uptulips can't be sent over internet IP, and can be produced in any amount
>>62046128>basic scripting that is considered ineffectiveworks on my machine>7 TPS which is a joke42 million on lightning>choked mempool causing high tx fees and slow tx speedcurrent fees are like 1sat/vbyte>no tail emission so miners have to charge higher and higher feesfixed supply is a blessing>stagnant codeits getting updates all the time.>miners are not incentivized financially to mine bitcoin; they are losing money that could be surpassed with AI inferenceyet we still have miners. curious>traceable to a laughable degreeyou're only as private as your opsec>7 fucking TPS AGAIN are you fucking kidding me?sidechains solve this problem. not my fault if you're too stupid to use them.>miners leaving means the security of the nodes will deteriorate...and then everybody clapped!
