BIG Reddit Mentions | ChartExchange

TLDR at the bottom:
Society changed Bitcoin’s branding from “money” to a “store of value”. It’s a known volatile asset that historically follow the 4-year US liquidity cycle that was dominant for 70 years and increases in value- higher lows and higher highs (the U.S. liquidity cycle is now in a 5-6 year cycle due to debt rollovers and more rigid maturity cycles with COVID being the catalyst for the change)
Credit cards and debit cards get stolen all the time. Hacks happen to financial institutions, businesses, and personal bank accounts.
Passwords are passwords. People will always forget or mess up. Skill issue
Self-custody via seed phrases can be higher risk, but higher autonomy. (Higher risk only if someone is an idiot): again, skill issue
PUBLIC LEDGER IS LITERALLY THE POINT OF BLOCKCHAIN lmao- there are plenty of “Satoshi Era Wallets” and the entire world still doesn’t know who owns them. Every year some dormant wallets from that era sell or move their bitcoins. The fact we don’t know who they are, after a decade of this public ledger, means privacy isn’t as weak as you think it is
KYC ties identity to all crypto accounts? Some crypto accounts (not all) have my identity. Not to mention my bank knows me for my traditional accounts
Hacking happens in every sector.
A big chunk of bitcoins supply is missing and lost forever. This isn’t “fake scarcity”. Bitcoin is already finite therefore it is already scarce. It’s not like Bitcoin splits like stocks. Yes, forks happen, but it doesn’t cut BTC’s price the moment of the fork nor does it create more of itself.
Most stocks are belief driven. Many gems exist with low debt, high profitability, cash reserves, growth, etc and the prices don’t move with the great business fundamentals. Boring stocks (much like TXRH 10 years ago to today) that have increased growth and earnings year after year after year which don’t provide spectacular returns until the belief catches up with the mainstream
“THE BIG ECONOMIC PROBLEM” isn’t what you think it is. Most of the “problems” you listed existed in the early years made a damn-near-free Bitcoin to being above $100,000 multiple times.
Early holders only win if ANY buyer shows up. FTFY
FWIW, I don’t own any Bitcoin and I don’t even think the Epstein shit will make it go to zero. Drug dealers use USD in the same way hundreds of millions of people use USD to buy shit. Of all the things you typed, BTC still went from essentially-free to one-hundred-and-twenty-fucking-thousand dollars. Literally every reason you listed and it still continued hit new ATHs in recent years
Crypto is legitimately here to stay regardless of Bitcoin. Shit might go down, but it’ll eventually go back up.
For the moment, the market is waiting on the Clarity Act decision and rate cuts for that sweet sweet liquidity
TLDR: Congrats, you typed a lot of words to describe a well-known highly speculative, highly volatile asset. If only people would stop zooming out to see how much BTC drops after hitting ATHs, then people would stop buying BTC forever...
And with all of the things you listed, it still reached $120,000 after being close-to-free 15ish years ago. Those things you listed existed in the 2021 bull market as well. And many, not all, existed in 2017/2018 bullrun. Etc
It’ll most likely hit new ATHs with more legislation (Clarity Act or future rewritten bill) along with liquidity injections/rate cuts as long as Epstein wasn’t the actual creator, but who knows, people still might buy that shit even if he was

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