Re: Bitcoin Will Still Rally, Driven by Libra Demand and Monetary Policy Easing
please stop trying so hard to associate bitcoin with libra, they have never been any connection between the two and there never will be. bitcoin has risen millions of percentage in the past 10 years without libra or any other shitty project like that and it will continue to rise without them too.
the USD value of it seems to be higher because bitcoin price is higher. in other words bitcoin went up 330% this year and that rise pulled the USD value of all altcoins up, 150% shows it has actually dropped significantly!
and if you look at the ETH/BTC chart you can see that it was worth 0.041BTC and now it is worth 0.025BTC which is nearly 50% drop.
According to Coindesk data, the price of Ethereum only rose 150% so far this year.
wrong.the USD value of it seems to be higher because bitcoin price is higher. in other words bitcoin went up 330% this year and that rise pulled the USD value of all altcoins up, 150% shows it has actually dropped significantly!
and if you look at the ETH/BTC chart you can see that it was worth 0.041BTC and now it is worth 0.025BTC which is nearly 50% drop.
I tend to disagree with you #pooya87
The connection comes from confusion with the general public that "Libra" is similar to Bitcoin and they group it as a Crypto currency. So, if they do not understand the difference between a "public" and a "private" Blockchain and also between a centralized and decentralized authority, then you can buy Bitcoin, thinking that you are going to be ready to buy "Libra" when it is officially launched. We know the difference between "Permissioned" and "Permissionless" so we did not get excited about this "PrivateCoin", but they will soon understand the difference and then it would be too late.
