Yeah, incel. I've been here a week.
That's a LOT of posts for a member who has been here for a week. Do you have typing bots or something? ;-)
Yeah, incel. I've been here a week.
When Bitcoin hits $500k it gets the same market cap as Gold
Gold = Analog store of value (good to hold across time, but cant send through space across continents)
Bitcoin = Digital store of value (good to hold across both time & space. can send to anyone, anywhere, in 10minutes. near zero cost compared to Gold shipments)
it doesnt mean there is hyperinflation anywhere, it just means the world prefers allocating some fiat currency to Bitcoin for long-term store of value
at Bitcoin "hyperinflation" levels we will probably be in the realms of $5M to $10M+
Mate, are you living under a rock? Crypto is massively on the radar, there are new laws and regulations coming out every second month for over a year now, the EU is setting up MICA, I haven't seen so much action from the regulators since dotCom.
I don't know how you would imagine this to happen? "We don't like crypto so that's why we make it illegal?" Lord, no, this stuff is way to powerful for AML and the IRS.
I can promise you that you'll have a wallet that is registered with the IRS which you can use to buy and sell crypto through a public key that they have an eye on. They will look at each of your transaction no matter where you are in the world. I give that 5 years
Is this good or bad? Not sure what I am seeing in those screeenshots.
The screenshot shows a buy of >110 bitcoin at $325 BTCUSD. Those 110 coins are currently valued at $16MM.
I was an (somewhat) early adopter and my DCA is under $200 BTCUSD. I had to sell $1.8MM in 2019 to cover 2018 cap gains. FU cbase. One of the worst trading decisions I've ever made.