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!!!
Jeff Booth /
npub1s05…eyhe
2023-10-05 18:01:33
Author Public Key
npub1s05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sq6eyheSeen on
wss://relay.noswhere.comPublished at
2023-10-05 18:01:33Event JSON
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"content": "When you’re pricing #Bitcoin in a fiat contract that is being debased (slowly or quickly) you are thinking as a trader. \n\nIe - I’m going to trade my #Bitcoin (at some price) for a money that must be devalued further (at some point) \n\nWhile 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)\n\nAnd picking up pennies in front of a steamroller is a pretty risky strategy in my humble opinion!!!",
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