You should.
Decentralized, non governmental, transparent methods of transaction are pro independence ideologies. Bitcoin is an excellent example of that. It's one of many forms of value storage and use. Gold, silver, property, crypto. They all serve their purpose and all have pros and cons. Bitcoin is useful, that is part of the value. People are willing to pay for the functionality and design of Bitcoin. They are willing to pay a lot for that functionality. You seem to understand value, let your curiosity lead you to figure out why so many people and even entire nations are placing a value you dont see on Bitcoin.
Our Federal Reserve Currency is imaginary “money” that isn’t secured by anything. Since its inception in 1913 it has continually declined in value. It NEVER increases in value.
I’ll gladly store wealth in something that goes both up and down, over something that only goes down.
So to get bitcoin, I either mine it myself at significant effort and cost or give USD to someone for a digital code. So in effect, someone always gets the cash and when theh music stops, whoever has the actual cash, wins.
Probably Blackrock shorting so they can buy it discounted. Good time to grab a little for yourself while it's down. Wish I had picked up more Bitcoin when it was super low. Most of my holdings are still in ether, which I picked up about a handful of when they were still $15. Oh to have a time machine...
Dips are intentionally created to try and get individual holders to sell, so they (institutions) can buy as cheap as possible. They were buying every day since the inception of the ETFs, then suddenly stopped to create FUD (fear, uncertainty, doubt) which emotionally fools people into selling.
Rumor is Hong Kong ETF approval is coming on Monday, so they’re trying to create dips (buying opportunities) while they still can.
Bitcoin rapidly increased from ~$40k to $70k because $4b of new $ came in from institutional buying (ETFs). That was $4b, and Hong Kong is looking at $25b inflow. And then come the Saudis who are supposedly about to get onboard, not to mention the unknown nation state (Russia?) that has recently started buying in huge amounts.
All this right as we’re approaching the halving next week, and Trump just “flipped” and gave his approval of Bitcoin.
I don't know what that means.
Numbers representing imaginary digital "money" that isn't secured by any assets and has no real value other than speculation... went down in value?
You should. Decentralized, non governmental, transparent methods of transaction are pro independence ideologies. Bitcoin is an excellent example of that. It's one of many forms of value storage and use. Gold, silver, property, crypto. They all serve their purpose and all have pros and cons. Bitcoin is useful, that is part of the value. People are willing to pay for the functionality and design of Bitcoin. They are willing to pay a lot for that functionality. You seem to understand value, let your curiosity lead you to figure out why so many people and even entire nations are placing a value you dont see on Bitcoin.
Black Rock ,, has just got involved.. (Recently)
But yes. It’s all Monopoly type Stock Games.
Bitcoin is backed by the carbon spent mining it.
And people want to convince us it is the currency of the future. uh huh sure
Leveraging money isn't a practice exclusive to crypto.
Our Federal Reserve Currency is imaginary “money” that isn’t secured by anything. Since its inception in 1913 it has continually declined in value. It NEVER increases in value.
I’ll gladly store wealth in something that goes both up and down, over something that only goes down.
So to get bitcoin, I either mine it myself at significant effort and cost or give USD to someone for a digital code. So in effect, someone always gets the cash and when theh music stops, whoever has the actual cash, wins.
There is nothing significant about the effort or cost of mining bitcoin. Takes minutes to set up and is profitable on my 6-year-old hardware.
Probably Blackrock shorting so they can buy it discounted. Good time to grab a little for yourself while it's down. Wish I had picked up more Bitcoin when it was super low. Most of my holdings are still in ether, which I picked up about a handful of when they were still $15. Oh to have a time machine...
Dips are intentionally created to try and get individual holders to sell, so they (institutions) can buy as cheap as possible. They were buying every day since the inception of the ETFs, then suddenly stopped to create FUD (fear, uncertainty, doubt) which emotionally fools people into selling.
Rumor is Hong Kong ETF approval is coming on Monday, so they’re trying to create dips (buying opportunities) while they still can.
Bitcoin rapidly increased from ~$40k to $70k because $4b of new $ came in from institutional buying (ETFs). That was $4b, and Hong Kong is looking at $25b inflow. And then come the Saudis who are supposedly about to get onboard, not to mention the unknown nation state (Russia?) that has recently started buying in huge amounts.
All this right as we’re approaching the halving next week, and Trump just “flipped” and gave his approval of Bitcoin.
Liquidated from... Folks are bailing on crypto, which ones?
$210 Million pulled isn’t Bailing on Crypto.. that amount is called “Manipulation”
They overleveraged and had their margins called. No halts in crypto trading makes the price swing bigly.
What’s the difference between Federal Reserve money and crypto absolutely nothing both pulled out of thin air.
Mario money.. at least the internet can capitalize