I think there was. The true plan can be seen as a troll attempt. Bitcoin has its face value which we all read in the whitepaper. But the real value is in between the lines. In a proper troll, you are inputting a narrative to have others chaos over it. I'm sure the creator(s) of Bitcoin had motives beyond what they wrote in the whitepaper to DISRUPT the mainstream order of things.
Everyone knows blockchain is the gold in bitcoin. It is the innovative backbone. Did every vertebrate that ever lived last until today? No, experimentation yields failures, but nonetheless incrementally drives progress.
What do you say of this current trend of volatility in the market. Updated on some reasons today.
it goes further. coming from a controls background, a big signal with little control has a lot of noise. if the right dampening mechanisms are in place the noise will be captured. trading off volatility captures noise. you make money bc you stabilize the market.
i think the average education of the bitcoin holder is less than in forex, for example lolol i refrained from the pun for clarity youre welcome
@kenhudoy i think the current market volatility is a sign of this new species of finacial instrument and due to a distribution of hands not seen before. I do believe that there are some large institutional players trying to play thearket and test it for robustness, and at the same time we have a lot of people like us who are trying to participate in the liberation of money.
those are two major groups. Of course there are countless like and unique groups of people with different motives at play. There are many people who dont care how they make money, dont care how blockchain helps the world, and are just in crypto markets to make money, so that being said, the volatility i think is a matter of overinflated sentiment caused by some large volume trades early on. im not by my desktop now but if you look at any coin which participated in the BTC run up to 20k and use the Visible Range indicator, you can see the majority of volume is below 10k. the rest was just the market getting ahead of itself, hence correcting itself.
Now, there are all the people who got shit on at the top who are invested in the market coming back... sorry for the length. ill try to get a chart up here later
And the further you look back, of course since it is volume in the image, you can see the run-up's volume doesnt compare to the cumulative. It's a matter of saying how much cumulative data back is relevant.
Here's the 1 year view: