Where is Bitcoin going now?
up, then down
up,up,down then right up down down
>up, up, down, down, left right, left right, b, a
ftfy
:3
then sideways for some years
Sideways obviously.
about tree fiddy
Down, Down, Back, Back, Up, Down, Back, Up, Up, Back + Jab
Then you get to unlock and play as Bison
You have to think carefully about where market value comes from. If some major entity backed bitcoin with 1k gold each (similar to tether), then prices would be expected to be stable. So ask yourself why something not backed by anything and not legally forced to be a price currency should increase in market value.
bitcoin has already gone into bitcoin cash
explain what gold is backed by
There's been attempts at gold backed crypto, since it had to be proven that it was backed by gold it created a centralized point of failure and governments shut it down. Crypto cannot be backed by gold its ironically less safe.
Gold is intrinsically useful. Gold in fillings, electronics, medical equipment, etc. And it's scarce and irreplaceable.
Crypto can be backed by anything as long as the backers are competent and trustworthy.
sideways and then a violent red dildo to 6600 and then a reversal dildo to 6900 all in a matter on minutes.Good luck trading that
What is the dollar backed by? You realize the fed hasn't been audited in decades and we can keep printing more and more dollars right?
This argument is fucking stupid because the reason anything has value is because people give it value, whether it's intrinsically useful or not.
If people have a use for an item that can be used as a way to trade for other things that exists outside of their governments, then a demand will be there and it'll gain value due to its deflationary nature. Sure, you can't hold a bitcoin (but what the fuck boomer logic is this in the 21st century where saying that you can hold something makes it useful is 20th century thinking when so much use is now derived from software), but people have a use for it.
250K+ where it fucking belongs. And that's a conservative estimate. This fucking price point is maddening.
A b a c a b b
unironically 300$
You're not getting it. When you back up crypto with something physical you have to prove that its backed up with that which means you have to provide the same information that a government needs to forcefully seize those assets. E-gold shows precisely what would happen if some moron actually tried this.
OP here, my gut tells me I should Tether now for almost certain Sunday dip, but I'm not sure.
Plz b true. That would make my measly .6 worth it
xD this xD
Have faith newfag. Your holdings may not seem like a lot but .6 will make you a king within 15 years.
Moar sideways Bart Simpson trading patterns.
There's a nasty habit held by technical people (and i speak as one, ssh/sftp . byzantine's general problem . Dns round robin into nginx reverse proxy etc) where they think their tech knowledge is all that matters while economics/business has a ceiling at their common sense knowledge.
Do you understand currency economics? Don't get so confident about your shallow facts about the fed and modern fiat currencies iust because you kinda get asymmetric encryption and peer to peer parallel networking.
I'm telling you this as someone who's done the research into both the tech and the econ. You need to ask deeper questions about the factors behind longterm currency market value instead of spouting "muh trust" and "fed prints mo".
You need to separate transaction speed vs transaction anonymity. The latter is reserved for blackmarket deals. When people scream crypto they do it for the speed. Speed that's perfectly compatible with asset backing.