[lilSebastian]

> Everything is on sale.

Such meaningless phrasing. If something wasn't on sale, nobody could buy it. The crypto meme of dips in the price being 'a sale' is key to hooking the uniformed new fish into the great ponzi scheme.

[mitchdoogle]

It's not just crypto buyers with this mindset.. it's been part of stock market investing for a while. Buy low when everyone else is selling

[lilSebastian]

I made no claim that it was a purely crypto mindset, they've flogged this phrase to death, and continue to do so in their echo chamber communities.

[xboxnolifes]

It's not just a crypto meme to call price dips a sale. Same language has been used on stocks prior to the existence of crypto.

[llampx]

Exactly, and is a little ironic because when it really does go on sale, people become afraid to buy meanwhile deep pockets accumulate.

[lilSebastian]

In what sense can it ever go on "sale" in the context you keep using? It has no RRP.

[llampx]

Sale in the context I am referring to is comparing to previous prices and future (expected) prices.

[lilSebastian]

You're clearly really into this planet destroying ponzi scheme. You keep referring to something as a "sale". You have no way to compare the current price to the future price. Perhaps you portfolio is still tulip/beanie baby heavy too.

Bitcoin last year required something in the region of 134TWhs to maintain, for 4 transaction per second (https://news.ycombinator.com/item?id=29769892). Some nuclear pose stations generate over that in 20 years of production. The world is burning, but so long as you get more people to join the ponzi scheme, who cares, right, it's a "sale".

[llampx]

I am long BTC, ETH among other things. No tulips though.

[immibis]

"on sale" and "for sale" have different meanings.

[lilSebastian]

Since bitcoin has no RRP, what is the context in which a retail "sale" makes sense?