There is no crypto market. There is only a #Bitcoin market. If Bitcoin goes down, all crypto collapses. Everything is pegged to Bitcoin because nothing other than Bitcoin has any value. So stop calling it a crypto market. Thanks. 🍻
Deutsche Bank & Danske Bank are accused of laundering $200+ billion.
The media calls it a “money laundering scandal.”
It’s not a scandal. It’s a crime. The people involved are criminals.
The language we use is important.
Let’s start calling these crimes what they are.
$BTC at $15,000 = new paradigm, going to $1,000,000
$BTC at $3,000 = it's dead, going to zero
... The Bitcoin price is a strong reflection of human psychology
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In 2014 chinese miners openly conspired to kill price below cost to accumulate #bitcoin.
In 2018 bankers\governments are doing the same..
If you aren't buying bitcoin & averaging down as it drops, you don't understand how significant this period is.
I just took 3 bitcoin, placed one in a cold wallet for each of my 3 daughter’s college funds / wedding / first home.
I feel like a responsible adult right now.
@CryptoHustle I look at this way: At this point if it goes to $0 (impossible but let’s play the hypothetical game) you’re downside is $3600. But if it goes back to ATH your upside is $16,400. The lowest it can go is 0 but the highest $BTC can go is not even known yet! Risk is minimal vs reward
Since Bitcoin's launch less than 10 years ago:
- Reached tens of billions of market cap
- Created most secure network in world
- Accepted as currency by US government
- Covered daily on CNBC/Bloomberg
- Millions of people hold Bitcoin
What a time to be alive!