Bitcoin

849 readers

2 users here now

Do not use URL shortening services: always submit the real link.
Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.
News articles that do not contain the word "Bitcoin" are usually off-topic. This sublemmy is not about general financial news.
Submissions that are mostly about some other cryptocurrency belong elsewhere. This sublemmy is exclusive to Bitcoin.
No referral links in submissions.
No Self Promotion

founded 2 years ago

MODERATORS

Void_Sloth@lemmy.world

Bitcoin ATH - a reminder (discuss.tchncs.de)

submitted 1 year ago by SwingingKoala@discuss.tchncs.de to c/bitcoin@lemmy.world

8 comments fedilink hide all child comments

cross-posted from: https://discuss.tchncs.de/post/12064382

I've been in bitcoin for a long time and I've only ever bought more. I am not at all against you buying bitcoin, I am still a buyer at the current prices, in fact I just bought more to celebrate the ATH.

BUT.

We're at least at the start of a new bubble. The bubbles always work in the same way every four years: price goes up, media attention goes up (this is only just beginning now), the price pumps to never before seen highs, speculators and gambling addicts throw in all their money, and then the price crashes and the speculators and gamblers sell out of fear.

If you want to buy bitcoin, good for you, but I don't think now is the best time to start unless you can stomach one, two, three years of losses. If you want to get into bitcoin it may be better to wait for the next crash, and I mean like 60%-80% down from the new ATH.

Also, not your keys not your coin: If you want to buy bitcoin please learn how to self custody.

you are viewing a single comment's thread
view the rest of the comments

[–] 9488fcea02a9@sh.itjust.works 10 points 1 year ago* (last edited 1 year ago) (4 children)

Sorry, a bit off topic, but. Why is the btc community so weak on the fediverse?

I would think that the decentralization and self hosting would resonate with bitcoiners!

Every bitcoin post in this community keeps getting downvoted. I try hard to engage and upvote, but seems like nobody is here

[–] DigitalGemini@sh.itjust.works 6 points 1 year ago

One thing I’ve learned about the Fedivererse, which I have thoroughly enjoyed using for over a year now, is that there are jihadist groups against Bitcoin, crypto, and the Brave browser—probably other subjects that I am aware of. Even trying to bring up sensible points, perspectives, and…facts on those three subjects can incur wrath from a digital mob. It’s too bad really because as you alluded to, the values of the Fediverse are analogous to the values of Bitcoin.

[–] shortwavesurfer@monero.town 5 points 1 year ago

because the people who use the fed-a-verse appear to like decentralization in some ways and absolutely hate decentralization in other ways. A good way to get downvoted to oblivion is to bring up sensible topics about cryptocurrency like I have.

[–] inura@lemm.ee 4 points 1 year ago (1 children)

True it's sad. I think nostr is preferred by crypto enthusiasts instead of activitypub. I still have to check it tho

[–] DigitalGemini@sh.itjust.works 4 points 1 year ago

I have one foot in Fediverse and another in Nostr. I get more from Mastodon and Lenny at this point than Nostr but I completely appreciate what Nostr is bringing to the table. I hope it continues to mature. The better these options can be means the faster society can move away from centralized, corporate social media.