BTC down 10% just now - Why?

Fain said:
More sellers than buyers it seemed.
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More sellers because it hit resistance:-
BIT res.png
 
broomstick said:
Gold has been used as currency and as a store of value for centuries. Precious metals are seen as a store of wealth. Families with generational wealth don't pass down stocks, they pass down gold, land, and art. It's ingrained into cultures around the world.
I
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The only way cryptos can get to one century of utilization as a store of value if it goes through 11 years first. And that what is going on. The only way to get ingrained into cultures is for it to start to get ingrained into cultures. You cant start at the end
 
Millionaire said:
The Turkish central bank also banned crypto on Friday.

But does anyone really care about Turkey?

The Central Bank of the Republic of Turkey (CBRT) said the use of cryptocurrencies and other crypto assets based on distributed ledger technology would be prohibited as a payment, whether directly or indirectly.

The ban will come into force from 30 April this year.

"Payment service providers will not be able to develop business models in a way that crypto assets are used directly or indirectly in the provision of payment services and electronic money issuance, and will not be able to provide any services related to such business models,"
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Non issue. Zero impact. Likewise the recent 10-15% or whatever drop is also a non-issue.
 
tsznecki said:
Another evasive answer.

If you are going to respond to me with non answers and opinions rather than valid points, then I will keep throwing the original question back in your(and anyone's) face.

What is the fundamental value of gold? If gold has a fundamental value, it should be easy for you(or others) to answer no? Why is it so difficult LOL?
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I thought my answers had some validity. I explained why I valued gold. Of course it is my opinion, the value of anything is based on opinion. What you value deeply may have no value to me.

You on the other hand didn't answer my question of what is the fundamental value of anything? Give me an example of how you perceive fundamental value. Once I know what you are looking for, how you define fundamental value, possibly I'll be able to answer the question to your satisfaction. Probably not though it seems like a how much is enough question.
 
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