So my proposals would be (above all for those who have some kind of "influencer" function, be them youtubers/tiktokers or influential forum members):
- Whine a little less about bear markets, and see them as an opportunity or "discount". Smiley
- Also don't whine about things like "Bitcoin being not anymore the most profitable asset". Nobody should care about that. If Bitcoin's concept is sound, it will attract investment anyway.
- Bitcoiners could try to talk a bit more about the long term and less about the short term. Above all, the whole "cyclist" narrative (hey, let's catch the bottom!) probably hurts the digital gold narrative.
- It also would help to talk about the benefits of Bitcoin which are not related to its price evolution, like censorship resistance, international payments, etc..
- Also a bit less exaggeration of the supposed danger of Saylor and friends would not do harm.
- And of course, promote DCA.
So you basically want all Bitcoin/crypto influencers to unite under some kind of "Bitcoin propaganda manifesto", which is going to outline what Bitcoin is (a "safe heaven" asset) and what Bitcoin isn't (a speculation asset)? Not sure how this is going to work. The market decides which asset is "safe heaven" and which asset is "speculative". Bear in mind that not all investors in Bitcoin are true BTC supporters. The hardcore BTC supporters represent only a decent fraction of all investors. I'm not sure that they could "push the narrative" in a certain direction. Gold has become a "safe heaven" after being traded for decades and centuries. Perhaps BTC cannot become a "safe heaven" asset after a year or two(or after someone changes the narrative). Maybe BTC already is a "safe heaven" asset, but we just don't see it as such because of the price volatility.
We dwell on volatility too much and that's why the sentiments continues to brew and it seems like Bitcoin keeps losing its edge as digital gold, but in reality the community has the power to define the floor of the market even though we see wall street driving short term speculation.
When the community of Bitcoin investors refuse to give in or cave in by not selling, embracing DCA strategy, ignoring the noise of the market and hype and focus more on Bitcoin's utility case use as an alternative financial system that makes it contribute to the hybrid economy we foresee as a reality, the community in this sense has made sure to build a solid structure of stability that makes Bitcoin being known as digital gold to become a successful financial reality.
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