I think that you think you are saying something smart by your greater full theory, but I can assure you it just shows that you have no knowledge of the space.
Good point. But I prefer markets whose charts are not as easily painted by a rather small number of major players. Fortunately, there are other such markets to choose from.
I realize this is 100% a set up but that’s fine I will play along. There are many reasons to fundamentally like bitcoin way too many to go into here but I’ll just give you the one that I think is by far the most obvious. most of the world has a bad money problem. Many people around the world live in a jurisdiction that is corrupt, has capital controls, does not provide freedom for their citizens, and most importantly has a currency that is rapidly inflating away. these people cannot just move their money out of the country. These people cannot just go to a bank and put their money in US dollars. These people cannot just buy the US stock market if they wanted. for these people, bitcoin is a life raft that they have never had access to before. Here is a scarce asset that no one will be able to take from them, and no one would be able to stop them from sending it wherever they want. They could even memorize the seed phrase in their head and just walk across the border with their entire net worth if they wanted. why do you think tether, everyone’s favorite whipping boy on this forum, has 90 billion assets? The reason is because many people around the world just wanted to denominate their assets and anything other than their own Fiat currencies. Tether through binance actually allows them to do this as shady as it might be. bitcoin is an even better option for these people. Not to mention is the greatest performing asset in history. This is one of many use cases, but the most glaring obvious in my opinion.
Theoretically, and maybe some day. But not yet, really, if ever. Almost no one uses Bitcoin as currency, new data proves. It’s actually more like gambling https://theconversation.com/almost-...proves-its-actually-more-like-gambling-207909
I agree with that 100%. It would be a perfect way to protect your liquid net worth from runaway inflation. And also from corrupt governments. What bothers me is the habit of boom and bust, where my net worth could drop 70 to 80 percent. That's why I'm a trader. I'm also concerned about the lack of regulation or the safety of my wealth. If something happens that is out of my control I don't seem to have any recourse. (FTX)
reread my post Man. I am saying bitcoin is a life raft to protect their net worth not a medium of exchange to buy coffee. Wake up