See https://www.coingecko.com/en/coins/bitcoin
It is always too early to call it dead or alive
51 karma · joined August 6, 2014
See https://www.coingecko.com/en/coins/bitcoin
It is always too early to call it dead or alive
And how the market dropped and correct recover in a span of less than 24 hours is beyond everyone's mind https://www.coingecko.com/en
The way to get through this is to assume that blockchain finance industry is unconventional wisdom
Why and what people are doing with these?
It seems that the market is ignorant against news like this. As we have seen after what some countries had attempted to ban
People will see value in this and try to acquire it. Making it harder to buy may very well put bitcoin a higher price or activity goes underground. Everyone loses
Another note, it looks like these days currencies rarely go to zero. last i checked the infamous bitconnect that has collapsed https://www.coingecko.com/en/price_charts/bitconnect/usd is still trading and has value
i starting to think of it like physical coins that goes out of circulation. wanna buy an old franc or roman coin, its worthless but people are trading it for its rarity; or it becomes cheap enough to be speculated again.
I used to remember how every hack hits the market really bad
This time every hack is like business as usual https://www.coingecko.com/en
Which is why when I get into investing in crypto. I take coin hack risk and volatility risk into account from day
If the orderbook is thin and supply circulated is plenty, the market cap moves by the tradr
The expectation for a proper scaling solution to open up bigger possibilities. Ofcourses privided this is best course of action against bigger blocks only
This is also why i decide to hold coins that i know i can hold with hardware wallets. Yes I wont make much gain speculating on altcoins, but i know i wont lose money due to risk as such
As we speak market sees extreme volatility and we have a bit of green positive https://www.coingecko.com/en Do not imagine it lasting again due to sheer speculation and negative sentiment.
Once it cools off, bitcoin will probably test it's attribute as safe haven again only when the stocks and bond market gets hit in isolation. Even now we do not see increase in gold price yet
It's not currency then it becomes a tool of speculative future. It's no longer feasible as payment due to current block scale issue. Then it becomes protocol for building blocks