Closed the perpetual futures position @65651 (filled price) going to sleep... might re-enter this weekend if price is good Just testing the waters, Uptober is still next Tuesday
Those who try to make money off this beyond immoral ponzi scheme, DESERVE to lose it. But yet, here i am; Holier than thou. Trying to save you from your own corrupted souls. Sell everything and be happy with your ill-gotten gains. The ones on the opposite end of the shtick will soon be regretting their own existence. The ONLY investment bitcoiners should be making is a DANGLING carrot on like the one i have (pic below). Put it in front of your screens to remind yourself that this is what the $100K and $1Million bitcoin prices are!! A carrot on the stick to part you from your hard earned money!
Gold has no employees- Oil has no employees- (insert commodity here) has no employees- You understand that commodities have no CEO, no earnings statements, and no employees?
Ok, fair. Oil basically fuels the entire world. And even gold has many use-cases: Jewelry manufacturing Currency, finance, and investments Dentistry Medicine Electronics Space vehicles Buildings and glassmaking Cosmetics and beauty What does Bitcoin do? What is it's utility / use-case? It's only use case is sanctions evasion, pump and dumping, online scams, ponzi schemes and other criminal and fraud-related "enterprises" Bitcoin has no legitimate use-case.
The intial premise of Bitcoin was that it was supposed to be "peer-to-peer cash". But it's transactions are slow, expensive and extremely energy-consuming. But price goes up so now the narrative is that it's "digital gold".
I will actually answer your questions responsibly. You are right that Bitcoin was initially a peer-to-peer cash. I think that Satoshi maybe underestimated how important it can be and hence why he called it just peer-to-peer cash (or likely he knew, but kept the goals manageable so as not to tip off the central banks). Where a lot of us think it's going is the base layer of the entire financial system. In this scenario, Bitcoin is actually going to work more as a settlement layer between major corporations and countries. You would never use a bank draft to pay for a bag of chips, right? Likewise, using the base layer for purchases will one day be in-efficient, even though its cheap now. You see, this base layer is the most anti-corrupt way of doing money there ever was. Its not designed to be fast. Its designed to be secure, and this is achieved partly with decentralization. The beautiful thing though is that these satoshis are all essentially interchangeable if you use them on base layer or higher layers meant to fast transactions, with perhaps the centralization risk. So its not like going to paper money that is supposedly backed by gold and then dropping the backing like in 1971. You are using the same money, just with some drawbacks. Keeping firing your FUD. Those who read will catch onto bitcoin faster. Have you ever seen a match lit in slow motion? A lot happens before it engulfs in flames that perhaps doesn't initially look like much. We are now at the point where its ready to light. 15 years ago the match was struck, heat was built up, and soon the entire match head will engulf.
Water under the bridge... orbit is just trolling Bitcoin is the base monetary asset of a $2.5 Trillion industry that directly and indirectly employs millions of people in the world, Blackrock, Fidelity, Goldman Sachs, Robinhood, CME, Coinbase, Binance, PayPal, BNY Mellon, and on and on Bitcoin is money. It stores value. It transfers value. It exchanges value. Bitcoin is the best money in the history of the world Banks are fighting amongst each other to custody bitcoin, Congress got involved, President vetoed (months before election!) and BNY Mellon just got approved by the SEC for an exception to the Presidential veto!!!! You can't make this shit up... and orbit thinks bitcoin is about to collapse, BWAHAHAHAHAHAHAHAHAH
Just kicking back at home,dangling carrots,making inane comments about BTC whilst sipping on a new smoothie flavour youve researched: Classy.