Fiat money is designed to keep our time preference high. That’s why people see Bitcoin’s short-term volatility, but not its long-term growth, and they see fiat’s short-term stability, but not its long-term debasement. Expand your time horizon, and you'll see why #Bitcoin matters.
“What Satoshi Nakamoto created with #Bitcoin is a theology of cryptography which guarantees privacy, and the ability to protect one's wealth beyond any physical power.” - @ErikCason
“Don’t settle for the status quo — we can do better. #Bitcoin is what we make of it, and I can’t imagine a better set of people to realize the full potential of this grand idea.” - @dergigi
Bitcoin is below $34K, triggered by Elon Musk's energy FUD and China's mining crack down.
There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K
When you hear that ‘#Bitcoin will destroy all your models,’ this includes religion. Bitcoin accomplishes what religions have been trying to do for millennia; unify mankind with God seamlessly, perfectly, peacefully, and instantaneously. Thank Satoshi.
In the first quarter of 2021, gold’s price declined by 10% while #Bitcoin appreciated by 100%. This disparity will persist as monetary demand flows to the superior store of wealth.
$BTC price decreased by 9.5% from 04:00 to 16:00 on March 24 (UTC).
If you short $1,000 worth of BTC with 5x leverage during this period, it will be worth $1,475.
🧐What's your prediction of #Bitcoin by the end of March 2021?
"#Crypto assets are highly volatile, see #bitcoin, and therefore are not really useful as a store of value. And, they are not backed by anything. They are more of an asset for speculation." https://t.co/qgUKIxYuDd
Bitcoin critics be like: “Convince me in one tweet that my cursory understanding, based on reading one poorly researched article, of a subject you spent years studying, is wrong.”
How much money does it take to move Bitcoin’s price one percent? Less than $95 million according to Bank of America. As the amount of available BTC goes down, it might take even less money in the future. https://t.co/6fwYiaxhoX