@TedPillows It’s a tricky spot - we may not see a lower low in this move. But I’d prefer a dump to $50K or lower, followed by a relatively meaningful counter-trend rally into Q4.
@OInvests@BitcoinAIGuy Totally agree. I think that for Bitcoin to become a successful store of value, it should suppress volatility as much as possible. And the more liquidity flows into the network, the closer we get to that goal.
The harsh truth: You don't actually want Bitcoin. What you want is to be rich - to buy cars, houses, clothes, food, or anything else without working for a wage.
Two problems: those things are priced in fiat, and Bitcoin isn't designed to make you rich.
If you bought Bitcoin at $120k+ and sold it now at $60k+, the biggest realized loss is probably not the -50% capital loss, but the impact on your mental health.
If you bought Bitcoin at $120k+ and sold it now at $60k+, the biggest realized loss is probably not the -50% capital loss, but the impact on your mental health.
@16bit_kaspa@realvijayk Exactly what I meant.
Somehow people decided that I am against Bitcoin, while my whole portfolio is 80% Bitcoin-related, most of which is stored in a cold wallet.
@jfonseca81 Privacy coins would do it better.
For your information, I keep all my money in crypto to protect it from governments and banks. Do you? Because if you don’t, we can argue about who the clown is.