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0 sats \ 0 replies \ @halalmoney 6 Dec \ on: Bitcoin is complex; people are busy mostly_harmless
Great analysis here. Thanks for this.
From nostr, juraj:
Make markets brutal again.
These days it seems like traders are children and are always complaining the markets are not fair, there's manipulation, whales, insiders, illuminati, the spooks, high frequency traders and algorithms, sandwiching and MEV bots, ...
People somehow don't understand that the purpose of markets is not to be a merry go round children olympics.
Trade and price discovery. A whale screwed you over? Seems they had a better opinion on the price than you. We thank you for your service of being on the losing side of the price discovery. You gave world information.
If you think you have any kind of right to win based on wrong opinion, you don't understand markets. That's not true. If you don't know how to be a network engineer, don't expect people to pay you to take care of their networks. There's no right to do everything.
Markets are about the edge. If you don't have it, you don't add anything to the price, except for liquidity. You are gambling and the odds are not in your favor. Good.
Upon reflection, blaming the system/corruption and the like is perhaps a coping mechanism for failed predictions.
Seen today on nostr:
The world runs on three operating systems: markets, politics, and status. Everyone claims to hate the one they’re currently losing at.
Culturally, ‘we’ should mock all Bitcoin not held in self-custody.
When the gold etfs were launched it helped to pump the price but also weakened the norm of taking physical custody.
Lessons to be learned or legacy to be burned.
The market knows that gold was neutered by the etfs. Perhaps the market is waiting to see if bitcoin will be similarly neutralised.
Interesting. If this plays out, then I can see central banks buying Bitcoin during the good times and utilising it during the bad times. The merger of Keynes with Corn.
Thanks for this. More sophisticated than my Bitcoin price is easier to manipulate than the gold price idea.
This helps better understand the whole ‘Bitcoin is money for enemies’ concept
For Bitcoin to achieve their national security goals, other states need to feel at least as secure holding it as they would gold
Nice. A fiat world which values Bitcoin at +$2T is better than a fiat world with the same
2T in housing and stocks. Hopefully, more to follow.
Bitcoin is already being used to disperse the inflationary effects on real world prices, such that it doesn't directly go into the stock and housing markets thereby destroying price signals and collapsing the currency
People are fully invested in a system which encourages them to take a mortgage to secure a home. House prices must rise to make it all worthwhile. So, Bitcoin must not outperform real estate over the long-term.