The crypto space grew off the backs of investors who thought they were too late to buy BTC. You can never be too late to buy BTC. We do not need a tokenized world. We need trustless, decentralized money.
There are two camps, Bitcoiners and shitcoiners, and there always have been.
Next Bull cycle all the soon to be ripped of kids that just got in will declare their pet shitcoin project as one that ‘can no longer be called a shit coin, surely’.
They’ll also assert Bitcoin is now a dinosaur and ‘old tech’ chasing huge pumps from shiny new shitcoin scams.
Nothing will change, the path to Bitcoin is the same for most of us. We get in because we hear about Bitcoin, we think we’ve missed the boat so we dabble in shit coins, we join that particular shit coins cult, we tell Bitcoiners they’re ‘toxic’, we defend our project to the hill like tribal, useful idiots, we get rug pulled, we get disillusioned, some of us leave the space, some of us re-load and gamble on the next shiny shit coin because, well, degens gonna degen, then some of us finally go back to Bitcoin and realise the answer was there all along, we just had to go on our own journey, we had to do the ‘proof of work’ to realise.
The numbers go up each cycle, but the process is the process. Human nature is going to human nature.
If we can get the masses to understand the difference between Bitcoin and “Crypto,” and I’m pretty sure there is a reason they are lumped together, in the mainstream, that would be YUUUUUUUUUUUGE!
Iv only been on the bitcoin train for couple months. My mate told me 2 when it 1st came out. Life got in the way. Hindsight is a wonderful thing lol it’s never 2 late. Go get the bitcoin 🙂
Oh wow, a mainstream media article where they clarify that Bitcoin and crypto are two different things. Someone at NBC has been doing their homework. Good for them.
The sec and congress just need to come out and officially declare all the shit coins as securities and bitcoin as a commodity. Once that’s official I think we’ll see bitcoin increasing quite a bit and a lot of shit coins disappearing.
Must be taking cues from their buddies at Wall Street: JPMorgan has remained quite bullish on just BTC, makes it easier to cover BTC in a positive light.
suddenly im reminded of the parable about equanimity, about the farmer and his horse
Once upon a time, there was an old farmer who worked his crops for many years. One day his horse ran away. Upon hearing this news, his neighbors came to visit. “Such bad luck,” they said.
“We’ll see,” the farmer replied.
The next morning the horse returned, bringing with it seven other wild horses. “What great luck!” the neighbors exclaimed.
“We’ll see,” replied the old man.
The following day, his son tried to ride one of the untamed horses, was thrown off and broke his leg. The neighbors came again to commiserate. “Such bad luck,” they said.
“We’ll see,” answered the farmer.
The following day, an army passed through the village and took with them to war every able-bodied young man. Farmer’s son’s leg was broken, so they passed him by and all his neighbors congratulated the farmer on how well things had turned out. “What great luck!” the neighbors exclaimed.
Is it wrong?
Bitcoiners have been saying that for a long time.
The crypto space grew off the backs of investors who thought they were too late to buy BTC. You can never be too late to buy BTC. We do not need a tokenized world. We need trustless, decentralized money.
Wow. They got something right, even if by accident.
There are two camps, Bitcoiners and shitcoiners, and there always have been.
Next Bull cycle all the soon to be ripped of kids that just got in will declare their pet shitcoin project as one that ‘can no longer be called a shit coin, surely’.
They’ll also assert Bitcoin is now a dinosaur and ‘old tech’ chasing huge pumps from shiny new shitcoin scams.
Nothing will change, the path to Bitcoin is the same for most of us. We get in because we hear about Bitcoin, we think we’ve missed the boat so we dabble in shit coins, we join that particular shit coins cult, we tell Bitcoiners they’re ‘toxic’, we defend our project to the hill like tribal, useful idiots, we get rug pulled, we get disillusioned, some of us leave the space, some of us re-load and gamble on the next shiny shit coin because, well, degens gonna degen, then some of us finally go back to Bitcoin and realise the answer was there all along, we just had to go on our own journey, we had to do the ‘proof of work’ to realise.
The numbers go up each cycle, but the process is the process. Human nature is going to human nature.
If we can get the masses to understand the difference between Bitcoin and “Crypto,” and I’m pretty sure there is a reason they are lumped together, in the mainstream, that would be YUUUUUUUUUUUGE!
I’m in agreement
Link to full article on nbcnews.com: https://www.nbcnews.com/think/opinion/bitcoin-vs-ftx-crypto-king-sam-bankman-fried-problem-rcna57964
Now, if we could get half the posters here to call it Bitcoin instead of calling it Crypto…
I can get behind this narrative
I guess they finally started to roam this subreddit?
As big finance gets into BTC and the crypto-space expect a delineation between “Good crypto” and “bad crypto” markets.
Soon Dementia Joe Biden is gonna be hailing bitcoin as “sound money” and how the US needs to get on the bitcoin standard.
We don’t need the MSM to validate Bitcoin. Most of what they put out is pure propaganda.
This guy gets it
Iv only been on the bitcoin train for couple months. My mate told me 2 when it 1st came out. Life got in the way. Hindsight is a wonderful thing lol it’s never 2 late. Go get the bitcoin 🙂
Oh wow, a mainstream media article where they clarify that Bitcoin and crypto are two different things. Someone at NBC has been doing their homework. Good for them.
Social media adopts, infects and dissolves whatever is the newest hot topic. Which is what the crypto-sphere has become.
Thank Satoshi for Bitcoin’s resilience.
The sec and congress just need to come out and officially declare all the shit coins as securities and bitcoin as a commodity. Once that’s official I think we’ll see bitcoin increasing quite a bit and a lot of shit coins disappearing.
Must be taking cues from their buddies at Wall Street: JPMorgan has remained quite bullish on just BTC, makes it easier to cover BTC in a positive light.
I mean they are not wrong. The floor and ceiling issue keeps proving this correct.
Your rich and want to make a quick buck… Pump it…
Same as the early days..
Then dump it…
This article is not MSM. It’s a guest contribution by an economist who is a Bitcoin fanboy
Yes
hmm….
suddenly im reminded of the parable about equanimity, about the farmer and his horse
Once upon a time, there was an old farmer who worked his crops for many years. One day his horse ran away. Upon hearing this news, his neighbors came to visit. “Such bad luck,” they said.
“We’ll see,” the farmer replied.
The next morning the horse returned, bringing with it seven other wild horses. “What great luck!” the neighbors exclaimed.
“We’ll see,” replied the old man.
The following day, his son tried to ride one of the untamed horses, was thrown off and broke his leg. The neighbors came again to commiserate. “Such bad luck,” they said.
“We’ll see,” answered the farmer.
The following day, an army passed through the village and took with them to war every able-bodied young man. Farmer’s son’s leg was broken, so they passed him by and all his neighbors congratulated the farmer on how well things had turned out. “What great luck!” the neighbors exclaimed.
“We’ll see,” said the farmer
Something I figured out the hard way in 2018. Now we get to watch the major financial players find this out the hard way in 2022z