Happy BTC $100k BTCcrossed $100k today, Bitcoin is now the 10th largest currency in the world. ~snip~
. In the next few years, millions of BTC will be owned by a few rich companies and individuals, and the average Joe will try to buy a few satoshis with the little money he manages to save.
The difference is that the poor can play the same game just like the rich instead of the rich rigging the system in their favour.
The Bitcoin system is neutral, whether you’re poor or rich. That’s the whole concept here.
I do think that this is the correction dump or right side Bart following the recent fake pump.
[...]
Totally reasonable, imo. When i was entering BTC, i was facing a bear trap that made me sell everything again. A few days later i had to enter at a higher price. That was the day my diamond hands were born.
Lost the most by unplanned selling.
Indeed, only sell with a predetermined plan or .... never sell
if you think that going from 65 to 650 is the same as going from 65000 to 650000, I beg to differ. It ain't..that is NOT to say that it cannot, it's just a completely different story. At 650k, bitcoin is (will be) geopolitical. Right now, it still looks like a very large cap stock (in size). At 13.65 trillions (eq to 650K price), it would be large countries "playground".
"one does not have to expect revolution to believe our current system isn’t sustainable: it can just as easily fall apart if every ‘peasant’ quits the physical economy and trades crypto."
I'm not supporting all things said in the piece and there is - in the end - nothing new said, but it does give a general perspective of where we are heading short term. Private markets (crypto currencies) competing against government solutions (Central Bank Digital Currencies; CBDC).