CZ Binance expressed, “If You Don’t Own Any Bitcoin You Won’t Truly Understand It.”
Users were like: If you don’t live in a developing country, you won’t truly understand Bitcoin. Those who have Bitcoin have always sensed power.
Stack what you can, no matter how small. No better way getting in to Bitcoin than buying the DIP. The world of cryptocurrency is definitely a roller coaster ride. It is all about buying the fear, selling the greed, and the current trend is to buy the NFTs and HODL. It helps to buy BTC every time the price goes back after all BTC is the king.
Those who suffer in highs and lows trends are those who enter the market when it is all time high. The intelligent ones are those who wait for the 80-90% Discount to happen. The discount is nothing but the dip that happens in the market. Smartest investors are those who procure at the best possible discount.
BTC will appear like a scam for those who bought in what the price was way high up. It is important to learn the ropes. While people like buying the dip, the important thing to note is that the dip can always be dipping.
Heard of investors stating, “I thought I bought at lowest but I lost half and still going down.”
The best ever for BTC was at $0.00, when it was first created. These days are not going to come. Nowadays all are like HODL BTC never sell it. Then a question arises: If everyone is holding, who is using it for paying?
General theory is that supply and demand is everything. At some point, there will be enough cash waiting to buy BTC at lower prices. Whales and leveraged sellers will lose and big drops will be over. Of course that is only for as long as fiat currencies are valued. BTC is a problem for the Banks and Governments because they didn’t create it.
Twitter Handle, Dan McArdle, when talking about the energy issue of BTC stated, People who find bitcoin’s energy use unacceptable have (almost always) already made up their minds about bitcoin *for other reasons* and are completely unwilling to engage with the actual data.
BTC advocates have had several conversations with people who believe the energy FUD, but when presented with evidence that they are wrong they will dismiss it without even reading the data.
However, miners who have had their skin in the game are like: To me the argument is that we need way more efficient miners and there is a huge opportunity for innovation not destroying it. It’s a fake outrage more coordinated then anything.
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