Jeff Booth on nostr

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@Jeff Booth 1696521693

When you’re pricing #Bitcoin in a fiat contract that is being debased (slowly or quickly) you are thinking as a trader.

Ie - I’m going to trade my #Bitcoin (at some price) for a money that must be devalued further (at some point)

While you may win a short term on the “trade”, the truth is that #Bitcoin is repricing everything. (Just some things are holding their value better than others)

And picking up pennies in front of a steamroller is a pretty risky strategy in my humble opinion!!!

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NEED is not running BIP110 🧡 · 157w

Didn't read. Never selling. JK... I read it.

Bitcoin isn't in price discovery, everything else is.

ĐaꝞꭵꞧuꞩ.₿ 🟠 · 157w

"Never sell, only spend" is my policy. And that is a very subtle difference for a lot of people.

halalmoney · 157w

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SATSMAN · 157w

doctorstrange · 157w

Hi Jeff, if you look back in history, it’s fairly obvious the most powerful in society have always controlled the money supply (past 300 years at minimum, more like 600 years in reality). Why have non of the larger states that oppose Western moneyed interest adopted or trade in Bitcoin? Any thou...

mattaroo · 157w

Thanks Jeff. Did you get a chance to listen to Mike and Danny's interview on the What Bitcoin Did podcast from yesterday (10-04-23) where they talked with Mike Brock? I left contemplating the "certainty" group think within the Bitcoin community.

I’ve across some guy who provides an eloquent way of phrasing a solution to this fiat minded problem, “stay humble and stack sats” nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx

——————————— · 157w

#Bitcoin isn’t priced in dollars. Dollar is getting priced in bitcoin.

Leo Fernevak · 157w

Bitcoin is the future of money and it's not worth gambling with. I met a guy some years ago who had bought a full bitcoin at $100 in the past and then he sold it at 5x. That must have seemed like a great trade then and there, but zooming out we can acertain that it was not. Trading is particularly...

Chucky 🫂 · 157w

Spend your bitcoin, re-buy what you spent immediately. That's how we achieve the final act.

I understand the theory here. But we need to have something to measure the success of bitcoin against. And the US dollar is the only thing we can do that with. For example if bitcoin were to continuously fall against the dollar then would it would by be repricing anything else successfully.

https://image.nostr.build/c61677799e9b13b0dee2244d167ee71e1d974571399fa026e9985d0b7f930af8.jpg

Mohammad Salman · 157w

Curious — is there a category or asset class that’s holding its value the best against BTC?

MindMining · 157w

When you’re pricing #Bitcoin in a fiat contract that is being debased (slowly or quickly) you are thinking as a TRAITOR.

SATSMAN · 156w

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