I mean gold, and Nvidia.
But to be fair, like I said Bitcoin does appreciate drastically.
But the issue is where is Bitcoin's appreciation coming from, speculation, greater fool theory, or fundamental principles?
It is fair to say that a significant portion of people buying Bitcoin don't actually understand Bitcoin, they're probably buying it through coinbase, and keeping it on the exchange, or through regulated investment vehicles like ibit, and only want exposure to appreciation but not downside risks, or loss like a person who uses Self-Custody would.
So Bitcoin's value is being artificially increased over its true value, which I believe is slightly below its current price.
I believe bitcoin is valuable but I believe it is over-valued, and has been for quite a while, HODL culture hurts Bitcoin because it makes Bitcoin less accessible for low income individuals who need Bitcoin the most, and who Bitcoin was intended to free.
But now with the current culture Bitcoin has simply become another investment for Wall Street Bankers while the common person continues to struggle.
Jordan S
npub1p3…ltqmk
2025-05-24 09:35:35
in reply to nevent1q…zsrf
Author Public Key
npub1p3za04z7mv86mkjzzhfkegxe4wsvwudct5m3wajt3gfg6hjy8exslltqmkPublished at
2025-05-24 09:35:35Event JSON
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"content": "I mean gold, and Nvidia.\n\nBut to be fair, like I said Bitcoin does appreciate drastically.\n\nBut the issue is where is Bitcoin's appreciation coming from, speculation, greater fool theory, or fundamental principles?\n\nIt is fair to say that a significant portion of people buying Bitcoin don't actually understand Bitcoin, they're probably buying it through coinbase, and keeping it on the exchange, or through regulated investment vehicles like ibit, and only want exposure to appreciation but not downside risks, or loss like a person who uses Self-Custody would.\n\nSo Bitcoin's value is being artificially increased over its true value, which I believe is slightly below its current price.\n\nI believe bitcoin is valuable but I believe it is over-valued, and has been for quite a while, HODL culture hurts Bitcoin because it makes Bitcoin less accessible for low income individuals who need Bitcoin the most, and who Bitcoin was intended to free.\n\nBut now with the current culture Bitcoin has simply become another investment for Wall Street Bankers while the common person continues to struggle.",
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