Quote from: Kwarkam on Today at 06:20:42 PM

Quote from: JayJuanGee on June 12, 2024, 04:32:15 PM

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For those already in the know, however, continuing to stack sats and diversify one's portfolio is a prudent strategy.

Yes. There are potential advantages to actually having information asymmetry, yet we are still not going to know for sure if we were correct in terms of the information asymmetry that we feel that we have - even though surely some of us who have been in bitcoin 4-10 years may well feel some various levels of internal satisfaction in terms of the level to which our BTC holdings are already in decent amounts of profits with decent amounts of cushion in our profits. Surely there also are likely some folks who have been in bitcoin for less than 4 years who also can feel a certain dynamic of being in profits - yet still there is some comfort that is felt by having a portfolio that is in profits... even if it is a shorter term holdings of bitcoin.

Actually regarding your other point about diversifying, I had not noticed that dumbass point prior to sending you a smerit.. so yeah, I wished I could pull it back since the idea of diversifying for the mere sake of diversifying makes hardly any sense without describing some kind of a context and justification why diversification would be any kind of an important point for anyone in their earlier stages of BTC accumulation.. ..

So maybe I am getting more and more irritated when I see members spouting out nonsense in regards to the value of diversification without providing some kind of an explanation why diversification is in need of accounting - unless someone is alreayd building some kind of a decent investment portfolio, then there might be some justification for diversification, but we don't know that as a general principle, we cannot presume a need for diversification, and likely we are more able to presume that an overwhelming number of persons already have hardly shit for any kind of investment, so diversification is not justified for those people either, including that 99% or so of the worlds population does not own any bitcoin, so I am not going to presume that they need to think about diversification when getting into bitcoin, absent that they might already be in some special category of person that already has various investments... which is not any kind of a reasonable presumption.. so the presumption shoudl be fuck diversification, unless and until there might be some reason to go down that path.

Quote from: Frankolala on Today at 07:53:22 PM

Quote from: Kwarkam on Today at 06:20:42 PM

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I disagree with you that bitcoin is still in his early stage of adoption that was before not now anymore. More people have come to know about bitcoin and they have also adopted bitcoin.

How could BTC not be in the earliest of stages of adoption if ONLY around 1% of the world's population has any kind of exposure to bitcoin. If people knew about bitcoin they would actually hold some of it. So people hardly know shit about bitcoin, even if they might have heard the word. Even people who own bitcoin may hardly have any clue about bitcoin except their presumption that bitcoin is some kind of a NGU technology.

Quote from: Frankolala on Today at 07:53:22 PM

Only bitcoin ETF approval in the US have made the whole world to know about bitcoin. Do you know how many countries lunched their bitcoin ETF after US did. Do you check the regular daily cash inflow and from the ETFs very massive.

Of course the recent approval and going live of the BTC spot ETF has contributed to certain number of wealthy people and institutions getting into bitcoin, but that still does not translate into the population all of a sudden becoming smart about bitcoin. Yeah sure, there might be some folks newly coming into bitcoin based on their having had learned about bitcoin because of the BTC spot ETF approval.. but I doubt it is as great of a number of newly aware folks as you are presuming it to be.

Quote from: Frankolala on Today at 07:53:22 PM

Only the US alone is enough to make bitcoin more popular with the way they are going about the privacy in bitcoin by shutting down Mixers and some services that promotes decentralization. I guess you are still new to bitcoin and you don't know what is happening. It is only the old ones that might not be aware of bitcoin, but the youths a much aware. Down in my street and my environment 13yrs and above already knows and talk about bitcoin. Bitcoin is advertising herself now with her great potential as fiat depreciates. El Salvador have their country reserve funds in bitcoin, meaning everyone in El Salvador knows about bitcoin and the neighboring countries.

Bitcoin price is increasing because more people are buying.

You seem to be presuming too much in regards to your believing that suddenly the masses of people are aware of bitcoin and are buying it. More likely bitcoin is being absorbed by fewer people through the ETFs and the ETFs are held by third parties and there are attacks upon bitcoin's self custody.. so yeah, you can still get bitcoin, but individuals are likely getting more and more priced out of bitcoin including getting dissuaded from buying bitcoin due to high transaction fees too... so you better be a pretty fucking smart person if you are going to figure out that you need to buy bitcoin and self-store your bitcoin which is not very many people who have figured that out, and yeah a lot of people will come to bitcoin and the prices are going to be much higher than they are now..

so in other words, bitcoin remains an asymmetric information kind of an investment in which you are going to be better off by both knowing about bitcoin and acting upon such knowledge to buy bitcoin.. which truly does not seem to be happening in the ways that you seem to be presuming to be happening @Frankolala. We can agree to disagree if you want to continue to presume that normies know about bitcoin and are acting upon such knowledge to buy bitcoin.