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I hope Argentina soon https://www.pymnts.com/blockchain/bitcoin/2021/argentina-president-fernandez-cautiously-supports-bitcoin/

This is out of my league but all I've seen on Crypto Twitter is liquidation of leveraged traders and stops being hit it cascaded down causing the flash crash Bitcoin will continue to be volatile for a while (imho) and maybe when it hits $1M/btc, it won't be so volatile, who knows Most bitcoins...

Congratulations, krugman! I'm glad you're doing well I missed out on so many gains, especially Sol and Terra Luna. I was looking at Sol when it was 10-14$ but never bought it. I heard about Terra Luna when it was in the $1 which I bought at $21 and sold for a loss at $19, saw it go back down...

"Without the USD, NO CURRENCY HAS VALUE! THERE IS NO COUNTRY ON THIS EARTH THAT DOES NOT COMPARE IT'S MONEY TO ANYTHING OTHER THAN USD FOR A BASELINE. Yes, this even includes exotic forex pairs like Zloty to Yen. Because Zlotys and Yen are compared to the USD." The USD is the global reserve...

Laziness is the cause of not being able to understand #bitcoin

Imagine instead of holding USD, you are holding bitcoins in El Salvador And btc goes to: $100K before eoy 2021, $500K after the next halving in 2024, $1M before the end of the decade (before end of 2029) $100M by 2035 According to Fidelity

It depends if they choose to keep their money in bitcoin. If they choose to immediately convert to US $, then you are correct If the Salvadoran chooses to keep the bitcoin, then it becomes a bank account and an investment account all-in-one

Excellent point They already experienced a >50% crash. I believe they will be fine over the long term. I'm putting a lot of money into that belief Fiat value is the one that's volatile and you can see this in all the bubbles around us, stock market, real estate, arts, collectibles...

They are accepting bitcoin, it is legal tender in El Salvador Please watch the video on my previous post Read this very carefully: People in El Salvador can choose not to have any bitcoin, they can convert to US $ within 30 minutes if they use the government-issued app to receive the payment...

It's not a gimmick. The whole country accepts bitcoin as legal tender. Watch the video of the Starbucks payment, it's faster than a credit card transaction and contactless payment The question now is which country is next?

Yea! :D

I know you didn't reply to me, but... When you posted, btc was on downtrend at around $48Ksh, did you put a short position on btc or any type of position that would benefit? If you did have a short position, you would have taken a drawdown of over $4K. Wonder how you would have felt or if you...

You may get your wish. US Treasury, Fed Chairman and SEC are all making negative comments about Tether and stablecoins, and even the ECB There's a certain irony as they print Trillions upon trillions upon trillions debasing everyone's wealth and savings in fiat

Bitcoin mining is saving the environment by using flare gas for energy source https://www.cnbc.com/2021/09/04/bitcoin-miners-oil-and-gas-execs-talk-about-natural-gas-mining.html --------------------- Bitcoin miners care most about finding cheap sources of electricity, so Texas – with its...

Sorry vz! I do remember!, and I was going to mention here but did not want to confuse the on-chain analytics signaling convo with NoahA Yes, it was perfect call, sir, in the face of may Twitter influencers calling out for $20K and lower and even here from other ET posters Apologies for not...

Thanks, there's also 3 btc's on the Coinbase exchange. I might sell 1 when btc goes over $100K and another 1 at $200K, :D

I did not sell near the top of bitcoin, actually started selling btc when it was around $42K which is 35% off the peak price of bitcoin I got the sell-signal from my paid subscription service plus the person who I think is the most intelligent person on ET, no offense to other high-IQ ET...

You have very good points. On-chain analytics is not very useful to traders. It may even be counter-productive as it could make a trader lose money The reason for this is that it's not an instant market indicator. During the time when we traded sideways for many weeks, William Clemente's...

ICYMI, when charts were saying we will hit $20k or lower pointed out here by several ET posters and also on Crypto Twitter by many crypto traders, on-chain analytics were talking about supply-shock as whales were accumulating in the $30K area I bought 3 btc's and posted here $29-$30K and...

That was last week (Tuesday) when the emergency email was sent, price went down over $2K from $49.3K to high $46K The newsletter does not know how deep the correction as we don't know if there will be buyers stepping in, which happened, hence the newsletter update a few days later said no...