Bitcoin tumbles below $70k, wiping out gains since Trump 2024 win
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Re: Bitcoin tumbles below $70k, wiping out gains since Trump 2024 win
#2Bitcoin has been declared dead many times:
It just keeps on existing.
Re: Bitcoin tumbles below $70k, wiping out gains since Trump 2024 win
#3I don't think the BTC market is worth playing unless you are good at knowing how the whales (who control it in its entirety) operate.
Everyone already knows BTC will be back at 110 in a few months. It might dip to 30 first, who the hell knows.
Re: Bitcoin tumbles below $70k, wiping out gains since Trump 2024 win
#4Bitcoin has been declared dead many times: https://bitcoindeaths.com/ It just keeps on existing.
As long as crime exists BTC will follow
Re: Bitcoin tumbles below $70k, wiping out gains since Trump 2024 win
#5The Bitcoin ecosystem, folks looking at it as an investment / get rich pathway, all the scam / poorly run companies, straight up crime ... really seems to fly in the face of the whitepaper and presumed ethos.
Re: Bitcoin tumbles below $70k, wiping out gains since Trump 2024 win
#6Bitcoin has been declared dead many times: https://bitcoindeaths.com/ It just keeps on existing.
Bitcoin isn't going to die, but it isn't going to replace currency or gold. It'll remain as a speculation vehicle and a mechanism to move value outside of regulated financial systems.
Re: Bitcoin tumbles below $70k, wiping out gains since Trump 2024 win
#7I don't think the BTC market is worth playing unless you are good at knowing how the whales (who control it in its entirety) operate. Everyone already knows BTC will be back at 110 in a few months. It might dip to 30 first, who the hell knows.
What can the whales do that is unclear until its over?
They can all sell massively to drive the price down, then all re-buy massively?
Re: Bitcoin tumbles below $70k, wiping out gains since Trump 2024 win
#8The Bitcoin ecosystem, folks looking at it as an investment / get rich pathway, all the scam / poorly run companies, straight up crime ... really seems to fly in the face of the whitepaper and presumed ethos.
To a first approximation ~nobody who "invests" in crypto has read a whitepaper or considered the ethos.
It's one of the bugs/features of crypto.
Re: Bitcoin tumbles below $70k, wiping out gains since Trump 2024 win
#9Bitcoin has been declared dead many times: https://bitcoindeaths.com/ It just keeps on existing.
> It just keeps on existing.
That is not in itself a recommendation. You could say the same of most infectious diseases and parasites, or antisocial acts.
Re: Bitcoin tumbles below $70k, wiping out gains since Trump 2024 win
#10Bitcoin has been declared dead many times: https://bitcoindeaths.com/ It just keeps on existing.
> It just keeps on existing. That is not in itself a recommendation. You could say the same of most infectious diseases and parasites, or antisocial acts.
>you'd have $70,482,477 today
I wish COVID had that ROI.