Honestly, I was more interested in the idea behind being able to see "who" is actually buying. When it comes to stocks or futures, the exchange will of course never tell you, but knowing would be, I imagine, super beneficial. With Bitcoin, if you can trace the buying back to addresses that own vast amounts, then I think this would be huge. Just like if when its dropping you see the big holders selling vs. the tiny accounts. But I don't believe in the need for everyone to have to hold Bitcoin. Listen, don't you think that the US will intervene if the dollar is actually losing too much value or at risk of serious competition? The FOMO is only from a guy wanting to make a quick buck. These institutions might put 1 or 2% of their assets into Bitcoin, and it won't make much of a difference. Sure, regular folk can all do the same. But if you're trying to convince me that we will need Bitcoin in the future because the monetary system is falling apart, that I would bet strongly against. Bitcoin, being the first token, its highly inefficient. Who drives a Model T these days? Who uses an iPhone 1? Who watches movies via VHS tape? etc.... If the monetary system really needs a digital currency with blockchain technology, another one will come along that will be better in many ways. So IMO, Bitcoin is an amazing gamble, and I'm jealous that you have 13 of them because its a nice value at the current prices. And I think it can still go higher. But I will never be convinced that it is going to be the necessary token of the future. The only FOMO is not making money on the ride up, but its not like my life is going to suffer because I'm missing some vital asset.
and enjoy the breeze emanating from your flapping gums? Just thought you should know (if you don't) Bitcoin, even with yuuge drop is still up on the year - while Gold ...... isn't. I've been in the habit for years now of saying - might, probably or possibly. Less crow to eat.
Why will be zero in a few weeks when it will hit a million in 2023? What can be the reasons or only it is just a rumor?