He? Who is "he"?
The royal "he"
The other...
it's kind of like a sir
The_level_of_CB_flooding_is_too_damn_high.gif
Wake up WOs!! Or are we only active when choppa is in the air?
Currently covid positive (and my son too). Light flu symptoms.. nothing to worry, it seems.
Suffering from power outages in my 3rd word city of Buenos Aires.. damn heat waves all week long.. isolated due to covid.. and the corn doing nothing.. what could be worse?
I am sure that there could be worse.
Last time that I checked, there's a new block right around every 10 minutes.. Seems amazing to me, depending upon how you look at the matter, of course.
[edited out]
I agree that they're late to the party. Fortunately for them, if they now put even 1% of their wealth into BTC, they should be golden.
And that's what's good for us. Let's say these billionaires have a combined wealth of 30 billion. 1% of that is 300 million. 300 million of fresh money to pump BTC.
There's an expression about bitcoin is for enemies.. which surely there is some truth to that because we should hardly give any ratt's asses about who's getting into bitcoin, so long as they are... except surely, the sooner some of your enemies get in, then they are going to surpass you in wealth (if they don't already)...
No win situation, right?
WRONG.
In some sense, so long as each of us is looking out for ourselves and trying to figure out how to best accumulate our own bitcoin stash without going overboard of course, then matters should work themselves out and our involvement in bitcoin should give us more options rather than fewer...
Surely, there are plenty of both friends and enemies who are going to be entering into bitcoin way later than us.. and for some of them it is going to be way to late to catch up to some of us relatively earlier adopters.
Some of us might be thinking: "holy fucking shit, it costs nearly $10k to get a mere 0.21BTC.. how the hell am I going to get up to that level?" Yeah, maybe you are going to be able to do it, and maybe not.
Not to be arrogant, but I have already asserted that I have gotten more than 0.63 BTC, so in that regard, there are a lot of folks (both friends and enemies) who are likely never, ever, ever going to get up to my level of BTC.
Sure, I am not presuming that I am going to be able to stay above 0.63BTC, and life happens, but still my stash has given me more options than a lot of other people have or will ever have. Not wishing ill on anyone.
Another angle is that there are a fuck ton of folks who can just buy straight out my quantity of BTC or even more, and some of the late entrants will come into the bitcoin scene and buy 140k BTC over a year and a half (like relatively newbie Michael Saylor/and his company did)... and surely, it is going to be difficult for any richie-status person to top that level of BTC accumulation performance... and part of the reason that I am saying this is to point out some of the relative nature in terms of what level of BTC that any of us might be able to accumulate.. and the options that such accumulation might give to us relative to our current status or our status if we had not engaged in BTC accumulation.
Each of us has to make choices (an an assessment.. and non-action is also a choice) regarding our own level of accumulation and to maybe recognize and appreciate that some people will just be getting into BTC 4-10 years from now, and I have quite a few doubts regarding the ability for normies to easily accumulate something like 0.21BTC in 4-10 years from now (even though it is not really easy to know or to have any guarantees regarding what is going to happen).. even though currently, 0.21BTC is somewhat reachable for a lot of normies currently (at least for now, even though I do not want to presume that everyone can invest $10k-ish into bitcoin - even if such newbies to bitcoin were to have 1-2 years to spread out such investment into bitcoin based on their cashflow(s), so in that regard, each of us should be attempting the level of BTC accumulation and maintenance that is reasonable, practical and doable for us based on our own situation(s) and our own assessment of our situation(s), even if we might need to tweak our assessment of our situation(s) from time to time).
