Quote from: kaya11 on Today at 02:03:30 PM

Quote from: cabron on March 04, 2025, 10:51:56 AM

-snip-

Unlike stocks market crypto is based on what the people believes, it's holders are what makes it valuable not some sort of centralized government or in case of goods are it's abundancy. You could easily see your advantage if you see the price of bitcoin from 2009 up to this point. Those increase are massive and if you were an early investor I am very sure would be a millionaire right up to this moment.

Why do you think holders make an asset valuable?
Asset holders simply hold and store the asset somewhere after they buy it - its price changes over time due to supply and demand, the asset holder does not change anything other than its future sentiment. If an asset only has holders without any supply and demand - its price will not change, its volatility is non-existent, its price is just stable without generating any profit.

About of bitcoin - it seems to be sideways at $85K to $87K for the last 24 hours. I haven't seen any signs of the market recovering and testing the $90K resistance - but I tend to worry about a further correction to $80K. Hopefully I'm wrong - but there are certainly concerns lately.