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Sirwin

Bitcoin Price Is Not the Most Exciting Thing About Bitcoin, but Bitcoin Price Does Matter.

By ssaurel | In Bitcoin We Trust | 19 Nov 2023


Here are 4 reasons why.

1. When the price of Bitcoin increases, the adoption of Bitcoin accelerates, as we enter the Bitcoin Positive Feedback Loop.

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3. When the price of Bitcoin rises in fiat currency, goods, and services see their price fall in standard Bitcoin.

4. Studying the price action of Bitcoin is something extremely interesting.

After what I just told you, I maintain that the price of Bitcoin is not the most exciting thing in the Bitcoin world.

The impacts of the Bitcoin revolution on the world today and tomorrow are much more exciting to study.

However, the price of Bitcoin does matter in terms of getting new people interested in the Bitcoin system.

This should not be overlooked, as it is part of a kind of marketing that benefits Bitcoin adoption.

On the other hand, once you understand the why of Bitcoin, you will do as I and other Bitcoiners do, you will be interested in the price of Bitcoin, but it will not change your strategy with Bitcoin.

Your interest in Bitcoin is long-term, so studying the price of Bitcoin should only be done for the sake of discovering how this market works, not to take foolish risks that would jeopardize your adventure with the Bitcoin revolution.


November is always a special month for the Bitcoin market. Over the last two years, we have been treated to the ATH in November 2021, then to the bottom of the Bear Market in November following the implosion of the FTX scam.

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Are Bitcoiners Losing Sight of the Deeper Meaning of the Bitcoin Revolution? Is It Time To Take an Interest in Monero? Have Bitcoiners who rejoice at the arrival of Wall Street giants in the Bitcoin world lost their minds?

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Link: https://inbitcoinwetrust.substack.com/p/are-bitcoiners-losing-sight-of-the

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ssaurel
ssaurel Verified Member

Entrepreneur / Developer / Blogger / Author.


In Bitcoin We Trust
In Bitcoin We Trust

In Bitcoin We Trust is a place where Bitcoin believers share their ideas about the upcoming revolution. Blockchain and cryptocurrencies are also covered in this publication.

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