I invest in bitcoin mostly for ideological reasons, but have to say that since Dec 2017 (last ATH), bitcoin underperformed FAANG and almost all of those stocks with the exception of FB outperformed btc by a factor of about 2X. MSFT also outperformed during this time period.
It has NOT been 2X a year since Dec 2017, no sireee.
This might hurt our/your feelings, but it is what it is..and some people in bitcoin are starting to get on my nerves, especially Max Keiser...what a douche.
You seem to be a douche too, Biodom.
You select the top of the BTC price in December 2017 and then you pick the low of this dip, and then you make your analysis about how BTC is supposedly doing in "it is what it is" terms.. You fucking disingenuine dweeb.
........
Once again I will use JJG's favorite word cryptocurrency.
.......MUSK ,ZUCKERBERG ,BEZOS TALKING about Facebook stock Amazon stock and of course Tesla stock like they have with crypto coins (sorry JJG) they want BTC to be a push over along with the other coins.
Don't get me wrong. I am mostly annoyed by the word "crypto" or it's various derivatives when it is used in a vague way, and we hardly even know what is being referenced, so sometimes it comes up in the context of bitcoin so you cannot determine if the writer (or speaker) is talking about bitcoin or something else or maybe they are afraid to use the word bitcoin.
Another problematic angle is if the word is used because someone wants to talk about some shitcoin, so there are a lot of threads, including this one, that such discussion would be off topic, unless there were some connection made to how it might be relevant to bitcoin.
They want to move and shift the coin market at will.
This is bad and good news.
Bad news they could win and fuck this up bigly
Bitcoin has quite a few design features that prepares it for a large variety of attacks whether we are referring to external attacks or internal attacks, and sure there might be some benefits in realizing if you are being attacked or not.. and sure at the same time, sometimes it could take a wee bit of time to figure out if you are being attacked or not.
Good news they feel the need to do it which means :
wait for it:
They are afraid.
Of course... Cannot argue with you about that. Some of the hard attempts to lower enthusiasm for bitcoin by dumping the price cannot work very well unless coupled by informational campaigns - and perhaps even making attempts to gamify the attacks so that normies will have more funzies while they are being distracted into nonsense frameworks..., ...Gresham's law gives no shits about whether normies (hopefully none of us enlightened folks) were deceived into holding onto the wrong coin or project and believing that it was going to hold value.... So in some sense, each of us remain responsible for ourselves into NOT getting tricked out of our coins.
buy dip and hodl
repeat buy dip and hodl
do not use an exchange with 100x or 50x leverage.
Hahaha.. one way to get tricked out of coins more quickly.. or maybe even to get tricked out of them when you otherwise would have been able to HODL them.. but instead so many of us are sucked into temptations of gambling.
I cash every coin I mine now to fiat and BTC
The only exception to that is BTC
Still stacking BTC.
To JJG I apologize for using that term multiple times but they are trying to use it to hurt the industry and to help themselves.
Of course, many of us should already know that vague references such as crypto is an attack vector, and a similar thing was true in recent times when there was so much emphasis on blockchain and not bitcoin.. but in the end, that baloney was ONLY able to be framed in that way for so long and more and more peeps began to see through the ongoing nonsense and the meaningless babble - including a lot of smart people get tricked into the wrong kinds of ideas, but when they finally start to figure out what differentiates bitcoin from various nonsense talking points, they will sometimes be able to better know NOT to get tricked again.. or at least be cautious towards getting tricked again.
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