Bitcoin News
By Dan Saada
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Bitcoin will be sold like crazy to cover for margin calls and losses if at all the market crashes.
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Elon Musk recently stated, "Money is just data that allows us to avoid the inconvenience of barter. That said, BTC & ETH do seem high lol."
3 / 12
Bitcoin has a noteworthy market cap and it is getting increasingly harder for the big boys to be able to ignore it any soon.
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For those who can understand, in the old world your money loses value, because governments debase currencies to fund their warfare and welfare state.
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Reportedly, it has taken 2000 years of monetary history to arrive at something called Bitcoin. And, slowly BTC and its reign will become a part of the history of money.
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When talking about naysayers and supporters, someone stated: Everyone has, should and is entitled to opinions. Anything could have happened and still could happen.
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And, it is very easy to come across critics who say: Crypto is mostly worthless, but that doesn't mean it can't inspire prolonged mania.
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Another criticism goes like: The enthusiasm about BTC began with covid-19 and it will end with it.
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Despite what who has to state, it is past $5X,XXX at the time of writing the news. Despite the offences and defense, the asset continues to grow.
10 / 12
For now, what creates the value for Bitcoin is the demand created by the sentiment and interestingly, the sentiment created demand factor is pushing stuff up and up.
11 / 12
Is the Bitcoin market getting over heated to the level of losing leverage? Whether we believe it or not, the crash repeats it is just about when it might happen.
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