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.

  • 9488fcea02a9@sh.itjust.works
    10·
    9 months ago

    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

    • ĐƗǤƗŦΔŁ Ǥ€ΜƗŇƗ@sh.itjust.works
      6·
      9 months 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.townEnglish
      5·
      9 months 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
      51·
      9 months ago

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

      • ĐƗǤƗŦΔŁ Ǥ€ΜƗŇƗ@sh.itjust.works
        4·
        9 months 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.