Here is another question. It is being reported that Colonial Pipeline paid $90 M to the hackers in Bitcoin. But at the same time, Elon Musk came out and said he was no longer taken bitcoin. And a few days later China says the same thing.
Yeah. It's all very strange -- can't make much sense out of it.
Luckily I moved my crypto all into ETH in 2016 (besides a small hedge in doge ?), when I saw how much control China had on BTC. Clearly China is planning something and Musk is either privy to it or has seen it in the tea leaves. I guess we'll have to wait and see.
Yes. Because one has utility and has increased substantially (percentage wise) in the last 5 years compared to the other. Also less control by bad actors.
Here is another question. It is being reported that Colonial Pipeline paid $90 M to the hackers in Bitcoin. But at the same time, Elon Musk came out and said he was no longer taken bitcoin. And a few days later China says the same thing.
Yeah. It's all very strange -- can't make much sense out of it.
Luckily I moved my crypto all into ETH in 2016 (besides a small hedge in doge ?), when I saw how much control China had on BTC. Clearly China is planning something and Musk is either privy to it or has seen it in the tea leaves. I guess we'll have to wait and see.
Does it really matter when all the cryptos move together?
Yes. Because one has utility and has increased substantially (percentage wise) in the last 5 years compared to the other. Also less control by bad actors.