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33 sats \ 4 replies \ @028559d218 11 Jun \ on: Gold and Bitcoin: The Debasement Trades That Failed bitcoin econ
sitting at 61k today, freakin’ 5 years and an inflationary mania later. Pathetic, underwhelming, orange dreams dead etc.

Perhaps a better way to look at it... Is just to say bitcoin is a good store of value at 60k. But not a very good store at 120k.

Because that's essentially what you're saying, no?

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6 sats \ 3 replies \ @denlillaapan OP 11 Jun

I suppose so.

But we have inflationary pressures, so 60k five years ago ain't the same as 60k today.

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33 sats \ 2 replies \ @028559d218 11 Jun

The crazy thing is I want to keep buying more bitcoin.
Am I wrong?

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6 sats \ 1 reply \ @denlillaapan OP 11 Jun

would seem so, yea. Surely you should just buy SpaceX and lolz your way to the bank, yes? #1506664

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13 sats \ 0 replies \ @028559d218 11 Jun

I don't know how to buy spacex. What I buy I want to 95% buy and hold, I haven't studied spacex at all... Much less hundreds of hours. And bitcoin I can actually own your keys your coins etc. Whereas Spacex shares trade through a brokerage. I know how much bitcoin will ever exist, I have no idea how much spacex will exist. I can buy lunch with bitcoin how do I do that with spacex or custody the shares myself

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