$903 Million Bitcoin Transferred in 24 Hours; What's Behind? https://www.tradingview.com/news/u_...itcoin-transferred-in-24-hours-what-s-behind/
Don't cry when the kiss of death comes for bitcoin. You've been warned. Department of Government Efficiency(DOGE) is coming in a week. And if Bitcoin doesn't die here, it will get outperformed by a literal joke.
What's happening guys? Did I miss something on twitter? I'm sure talking head will come out "explaining" this drop lol. I thought breaking 100k meant the moon???? @johnarb @Tokenz @Noah
CEO of the biggest bank in America tells you Bitcoin is a ponzi and you think you know better? Good luck!
Isn't gold a type ponzi? It doesn't have that much use other than 'people want it'. There is an illusion with gold being a store of value. Imagine some type of apocalypse visiting the earth. Gold would be as useless as tits on a bull. People will want to trade stuff they could eat or with useful tools to survive. Maybe gold would resort to money again.....? But you need accurate scales to weigh it.
You're absolutely right, and the ironic thing is that with gold, because its so difficult to verify, you just have to trust that its in the vault. So the very essence of storing value requires you to just "believe". Now clearly gold has thousands of years of history, but the fact that its so difficult to verify and move makes it really shitty at actually fulfilling its role as money in the current world. So not only do you still have to believe that it will retain its value and that other people will want it, you also have the added complexity of trying to use it. People bring up the entire collapse of the internet and electricity as a con against Bitcoin, but ask how many bullion dealers anyone has in their town and what would happen if they closed? Then how will you exchange gold for cash so that you can buy stuff? Gold can never work as a medium of exchange, but Bitcoin absolutely is doing it right now. I say its much more likely that you will not be able to use your gold when you need it, rather than you not being able to use your bitcoin when you need it. Bitcoin will cover you in 95% of cases, whereas gold will only work in 5% of cases where you need to physically hand the gold to someone to escape and not require any change back. So for the ultimate protection, I'd say 90% in bitcoin, 5% in physical gold where you can easily grab it, and 5% in US dollar bills. Anything outside of a doomsday scenario, Bitcoin is superior in every way.