What Happened To Bitcoin? - From Everyday Money To Investment/Speculation Asset

[bayu7adi]

Whales are continuously putting effects on the market price but only wise people will not change their mind according to the situations created by the whales while many others will panic sell due to which market will go more down and down. But this dump will not be the end of the crypto market but whales will again take advantage of such a dump and will make purchases on a huge scale.

There is no other way during dumping to wait more because only patience can make you able to reach the higher worth achievement again but if you have no control over your anger and Greed then nobody can help you to take your advantage.

As a retail investor, I agree with you. We will never be able to follow the movements of whales to manipulate the market for their benefit. All we can do is probably just wait for every bullish moment to come, or a price bounce to come. As long as we do not have control of the market, then never make decisions as if the market is in our control. It's better to wait and see when the bear market comes. FOMO always causes harm to most people.

[Peter90]

There is nothing more far away from being a currency than being a share of a BTC ETF





FDR = Franklin D. Roosevelt, President of the USA before we were born

[Agbe]

Whales are continuously putting effects on the market price but only wise people will not change their mind according to the situations created by the whales while many others will panic sell due to which market will go more down and down. But this dump will not be the end of the crypto market but whales will again take advantage of such a dump and will make purchases on a huge scale.

There is no other way during dumping to wait more because only patience can make you able to reach the higher worth achievement again but if you have no control over your anger and Greed then nobody can help you to take your advantage.

As a retail investor, I agree with you. We will never be able to follow the movements of whales to manipulate the market for their benefit. All we can do is probably just wait for every bullish moment to come, or a price bounce to come. As long as we do not have control of the market, then never make decisions as if the market is in our control. It's better to wait and see when the bear market comes. FOMO always causes harm to most people.

Lolz, we don't even have anything to say in the movement of bitcoin or any other cryptocurrency. Our investments have no effect in the market demand and supply. We can only invest what we can and sell it whenever the price rise to our gains. We are not competing with those whales who manipulate the market. Yes FOMO always come to those who are afraid to miss out the Bull run and the All Time High.

[0t3p0t]

Whales are continuously putting effects on the market price but only wise people will not change their mind according to the situations created by the whales while many others will panic sell due to which market will go more down and down. But this dump will not be the end of the crypto market but whales will again take advantage of such a dump and will make purchases on a huge scale.

There is no other way during dumping to wait more because only patience can make you able to reach the higher worth achievement again but if you have no control over your anger and Greed then nobody can help you to take your advantage.

As a retail investor, I agree with you. We will never be able to follow the movements of whales to manipulate the market for their benefit. All we can do is probably just wait for every bullish moment to come, or a price bounce to come. As long as we do not have control of the market, then never make decisions as if the market is in our control. It's better to wait and see when the bear market comes. FOMO always causes harm to most people.

Lolz, we don't even have anything to say in the movement of bitcoin or any other cryptocurrency. Our investments have no effect in the market demand and supply. We can only invest what we can and sell it whenever the price rise to our gains. We are not competing with those whales who manipulate the market. Yes FOMO always come to those who are afraid to miss out the Bull run and the All Time High.

FOMO sometimes happens to investors who don't actually know the status of the market like newbies that is why studying the market structure is a must for every investor. As big players manipulate the market we will also try to grab the opportunity to buy and sell whatever price and trend will be. But beware of traps especially for traders because that is very common in there just don't mind the holders because they are safe from stress. 😅

[Peter90]

Cryptos exist in order to solve real problems,
not in order to make $$$

Which problems was BTC designed to solve?

[NotATether]

Ripple and WEF, name a more sinister duo.

Ripple is a Piece of Crap coin that is basically used only by banks - there is iterally no reason for a normal person to use Ripple and since their executive management knows this, they keep wasting their time spreading FUD about Bitcoin, Ethereum, and everything else the market likes to trade.

[Peter90]

In fact, it is a painful article, but it is very expressive of the bad reality that Bitcoin has reached after it was hijacked by some greedy people, and now things are getting worse because of governments that have begun to contain Bitcoin in a circumventing way.

Most people currently only care about the price of Bitcoin and do not care about the other unique features of Bitcoin, and because of their greed, governments have been able to control Bitcoin by controlling centralized and decentralized third-party services.

I see that Satoshi's dream is about to be lost, and Bitcoin today is very different from Satoshi's vision when it was created

+1


This is taken from Roger Ver's Hijacking BTC






I can't judge whether this is right or not - and I have no idea what BTC Cash is - but as an outsider I can see that BTC is currently not being used as that revolutionary payment system that it was originally hailed as.

[Peter90]

Ripple and WEF, name a more sinister duo.

Ripple is a Piece of Crap coin that is basically used only by banks - there is iterally no reason for a normal person to use Ripple and since their executive management knows this, they keep wasting their time spreading FUD about Bitcoin, Ethereum, and everything else the market likes to trade.

I agree NAT but that wasn't my point when quoting XRP.
My point was use case, real utility.

These are important features when talking about this or that cryptocurrency.

What's BTC use case? - beside making $$$?
What's BTC real utility? - beside making $$$?

It seems to me that BTCers & the crypto community in general have lost focus on those fundamental questions

[LUCKMCFLY]

Ripple and WEF, name a more sinister duo.

Ripple is a Piece of Crap coin that is basically used only by banks - there is iterally no reason for a normal person to use Ripple and since their executive management knows this, they keep wasting their time spreading FUD about Bitcoin, Ethereum, and everything else the market likes to trade.

I agree NAT but that wasn't my point when quoting XRP.
My point was use case, real utility.

These are important features when talking about this or that cryptocurrency.

What's BTC use case? - beside making $$$?
What's BTC real utility? - beside making $$$?

It seems to me that BTCers & the crypto community in general have lost focus on those fundamental questions

I think something, in every community there are always people who are enthusiastic and love crypto for their way of seeing things in everything, in Development, scalability and how they can become fond of their coins, it doesn't matter if it's XRP I think that's something that many love about this crypto, but when it comes to BTC, we all know that it Represents money, are there many Enthusiasts? Yes, but even so, there are more people in the world who are more interested in money, I have seen in the bitcoin community that there are still people who are enthusiastic and who do not care much about the value that bitcoin has with respect to fiat money, for them they are more Interested in the currency as such.

[Peter90]

I see a problem - at least a disconnect from the original idea of BTC - when I see the BTC crowds rejoicing at news like this one

Thai SEC approves first Bitcoin fund

The Securities and Exchange Commission (SEC) has endorsed One Asset Management (ONEAM) becoming the first firm to launch a spot Bitcoin exchange-traded fund (ETF) in Thailand, which is limited to wealthy and institutional investors.

bangkokpost.com



Those sticking to the original BTC goal - BCT replacing fiat & avoiding banks - will rejoice at news like this one
(thanks Buckele & Milei - two heroes despised by mainstream media)

Argentina Explores Bitcoin Collaboration with El Salvador to Boost Crypto Adoption

The National Securities Commission of Argentina (CNV) confirmed the country is considering cooperating with El Salvador on Bitcoin adoption. This follows an important meeting between Argentinian and Salvadoran regulators last week.

beincrypto.com

[Peter90]

Self-custody... off-chain... infinity supply... I'm not knowledgeable enough to judge if he's right.
Actually I'm not against banks' BTC custody - Caitlin Long's Custodia Bank aims just at that.

The point is, BTC was originally designed to be p2p digital cash, not an asset to be used to make $