I've been hearing people in the community get upset with crypto influencers for "shilling" Bitcoin during this bear market. In my opinion, BTC can't be shilled. It's far past that type of talk
BLACK FRIDAY COMING EARLY - if you believe in crypto and the future it holds, then take advantage of this incredible dip. This bear market is necessary. We went too high, too fast. Nothing underlying has changes, don't buy into the fud. My unprofessional advice is to accumulate!
Proof has been found of "fat cats" buying thousands of BTC "over the counter". Hundreds of thousands of bitcoins were found depositing to 5 wallet addresses over the last 2 weeks
Absolutely savage candle. And this is exactly why this is a no-trade zone... Lots of REKAGE in here. Anywhere between 6K and 6.8K is super choppy. Best to wait...
Looking for a break before 6450, but could repeat this pattern and bounce to 6650. Again, only to come back down. I wish we could just skip to the bottom.
To beat Bitcoin, you have to be better than Bitcoin at the four things listed above. While certainly not impossible to beat in principle, in practice it seems incredibly difficult.
The value proposition of Bitcoin is money strongly resistant against:
- confiscation
- freezing/censorship
- inflation
- counterfeit
Only on these terms does it even stand a chance against state-issued money.
Does anyone else have "crisis money"? Like if BTC flashes to 3k, you go get your stash and buy as much Bitcoin as you can? I know I do, and I'm waiting on it! $3,000 may not happen, but we have not bottomed. #Btc#cryptotwitter#cryptocurrency#crisismoney