I think it’s a little annoying and antithetical to bitcoin for these moon prices and shit, knowing that it’s insanely manipulated by the worst companies in the world. I don’t feel excited to sell bitcoin at the higher prices because it’s not going to good use or hands. Feels like it’s not the intended purpose of the asset but maybe I and many others are attaching a religious component to it or something.
I ended up cancelling my 100k order, I’m probably going to put one in for 150 and see what happens lol
It's very annoying and distressing but ironically this was always how permissionless economies were going to play out. People we don't like are going to adopt the tech and there's nothing we can do about it. That's just the nature of neutral infrastructure. We don't get to pick and choose and we can't gatekeep anything.
As far as the volatility is concerned that just stems from the market cycle, greed, and a lack of elasticity. I imagine crypto can only fix one of those things.
I can't like this comment enough.