I think I see a pattern here. When Bitcoin is down and bullshit posters are on the attack, that is the time to buy. Lots of people are getting bullish... for example... And also Adam Back is betting on 100k before the halvening if I remember correctly. A general stock market crash could take it lower, and I would love that for loading up purposes, but I'm feeling that we won't get too much more time to buy up cheap sats.
[not a recommendation] https://www.bitwage.com/ There's no risk to the employer, they just have to agree to use a company like bitwage as a payroll processor for the employee Employer will pay fiat, whatever the agreed salary terms of the employee Bitwage will do the usual stuff such as payroll deductions for tax witholdings, insurance, etc and will also do the conversion to Btc to send to the employee wallet [I looked into Bitwage during the 2017 bull market, when crypto portfolio value hit a nice number, but then we got the humbling bear market... such is the cycle of Bitcoin bull-bear, that is why the number 1 rule of Bitcoin is to survive the bear market in order to reap the rewards of the future Bitcoin value. Stay humber, stack sats, DCA, hodl]
Look who is the crybaby here. Can't allow any negative crypto press. Get out of your sandbox and let others breathe even when you disagree.
Just from a charting perspective, that opportunity is now if you want to "climb on the bandwagon" in a holding sense. If you may or may not know, I myself am not involved in crypto at all and have just a passing interest, and while I still see BTC as a vehicle too volatile in value to use for rendering products or services (which johnarb and I have discussed at some length), one thing is for sure... It is maintaining a floor of ~$25K to $26K quite well, and that's not even looking at a chart. That's just through the osmosis of noticing the prices every so often on whatever medium I come across, and my fuzzy memory. So from an investing perspective the bandwagon is here, and you can dip your toes in with some sats for a hold. Think of it as AT&T but with better upward potential than a +100 year-old staple that is now one of the world's worst fucking stocks ever.
One could as well argue that it has not been able to creep out of that 26/27k trough and hence reflects weakness. That's the thing with any sort of holding on to past data to predict the future: you can't.
Supply and demand is the correct measuring stick but I disagree that supply is increasing and demand decreasing though. Some figures below(AU),current today that may be of interest. Perhaps examine the supply data alongside trading activity? Market cap A$818.5B Volume (24h) A$9.3B -55.84% Circulating supply 19.5M BTC 93% of total supply Typical hold time 98 days Trading activity 99% buy 1% sell
Sure, this all sounds good as a way to handle all the backend work, but the question remains about what you negotiate as a salary. If the salary is $100k USD per year, congratulations, you are losing 5% every year to inflation but its consistent and predictable! If the salary is 4 bitcoin, now you take the risk on this going up and down big time. So the question remains, is there really a contract out there for 1 year, and even longer perhaps, where you agree to a set bitcoin amount? If you signed at 60k, the past two years have been bad for you, but if you sign today, you might end up doing very well going forward. I just don't see how anyone, both worker and employer, would make this deal, so I figure everyone who says they get paid in bitcoin is simply just receiving bitcoin after it was purchased that day, but your contract uses a USD figure as a yearly salary.
How do they come up with that data? In order to have buy someone has to sell. You would think with that kind of buying pressure the price would be increasing. Seem range bound at this time which I take to mean that there is a supply out there that will meet the demand.
That was my point about being paid in BTC. The salary is set in fiat and converted to BTC when paid. BTC neeeds fiat to be worth anything.