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RE: Let's take a look at bitcoin for a bit

in #bitcoin7 years ago (edited)

Now a short description of how I currently see bitcoin and why I am afraid to leave my value in it. What I am confused about and what I am sure about.

You are fully justified in being fearful about bitcoin & crypto, in general, being a safe haven store of value @acidyo

BTC as a store of value

Be afraid, very afraid

Just as someone drove up the price of bitcoin, the market cap of which never exceeded USD 50 billion, someone can drive it down. The fiat currency trading market is USD 6 trillion a day.
It does not take much for a fiat leveraged billionaire to move BTC up or down.
When a person or group acting in concert begins to dominate an open network.
Trump : Twitter :: Chinese miners : bitcoin mining


You too can make gold your money. @acidyo