Quote from: Woodie on January 25, 2023, 11:36:00 PM

As bitcoin continues on its current bullish path, all kinds of people are trying to ride this wave by buying any cheap coins they can get their hands on as they anticipate the next High to come. But the scary part about this is that Big money is also flowing into the crypto economy that will push price to easily register new highs, but this comes at a price, when these whales decide to take out their money.. markets bleed red which is why Big money is not good if volatility is to be controlled. In the long run Bitcoin is better off without the Big money, otherwise this becomes like a pyramid scheme always leaving the last man standing with empty pockets as the first guy to make a move gets all the accumulated $$$$.

What's the community's take on this?

The time to buy this shitcoin is long gone, whether big money comes in or leaves bitcoins is a whale play since a long fucking time. No retail buys this shit for 20k or more.

All the retail cares about is to make 5-10xes on their doggy coin and get out.

Unless you doing something illegal and want immutability there isnt even a point of taking profit into BTC cos this shit is:

Not a hedge against inflation

Not a store of value

Not a payment system

You can hate this all you want but that won't make it untrue.

jarrjarr

Posts

Merits