Bitcoin bear markets, by the numbers.
2011: -93%
2013: -87%
2018: -84%
2022: -77%
Now: -53%
Every single one shallower than the last. The floor keeps rising because the wave of high-conviction buyers gets bigger every cycle.
This is the most bullish chart nobody's looking at.
@Noas_Dad@coinbase@CoinMarketCap Possibly waiting on Clarity to pass semsing it has the characteristics and interest to list. Any sort of Lunc recovery will be great marketing for any exchange that lists it.
@RonSwanonson Those that sold between the 100 and few thousand mark for loss or gain often find it difficult to back in. Conviction is the only way and that is only achieved by studying it.
@namesnik386120@theswansjr So was the practical use of cowrie shells as a form of money due to its value commodity or debt. I would say it was the most practical and creative POW trading tool at that time. Each to their own and their understanding of what money actually is - albeit heavy slow & cumbersome.
@namesnik386120@theswansjr Go back to my initial response - money is a creative unit of trust - it does not have to be a thing. It is an information swap, & that can be in the form of a digital ledger. Language is language. Information via this platform is more efficient than ink on paper envelope mail.
@namesnik386120@theswansjr Where is this "force" to a 1.6T mkt cap - that's just it - the participation has been organic as a means of validated trust of the network & its units - nobody is being forced. Force is used to move gold. BTC & sat units move seamlessly digitally across borders.