Nice post, I like the analysis. I'm trying to post on https://lemmy.world/c/[email protected] as it appears to be the more popular one, but they are both dead. Also, for some reason my .ml posts I do on .world don't show up on the official https://lemmy.ml/c/bitcoin.
Maybe I'll migrate my posts to this community instead. I can't be bothered to troubleshoot the issue on .ml , I'm also new to lemmy, not sure how to fix that issue.
Thanks! I've noticed that as well, there seems to be some compatibility issues at the moment due to the different versions on the instances.
Would love to have you here, maybe with the two of us it'll start to feel a little more lively.
Agreed, with two people posting it will look a lot nicer, I'll try to add a post a day/every other day here and hopefully people will start to notice. Honestly pretty surprised that the bitcoin and crypto subs have no presence here, they seem so relatable to lemmy. I imagine it's only a matter of time.
Nice, I look forward to it. I was a bit surprised as well, and suspect you right that they'll come in time
Apologies, but isn't it disingenuous to call it an ATH when you measure it in a currency that's crashing? That only tells us that the fiat currency is crashing...
Okay, it also tells us that BTC is the stablecoin in that scenario, which is wonderful, but we knew that. Using a worthless fiat as headline seems silly.
I don't think it is, I mentioned inflation as the cause. Do you have an alternate phrasing?
We may know that but there are many that don't. I think this makes that point very clearly for those who are still unaware.
My point is that it's misleading to focus on the ATH because it naturally follows that one goes up when the other goes down.
It would be more useful to focus on the aspect that crypto can be used to safeguard people's savings when their fiat plummets. USD would be equally useful but might be forbidden of course. That's what makes crypto so valuable.
This should not be a knee-jerk celebration of "ATH good, hurr durr" but rather state the benefit of non-fiat.