Your response highlights the speculative nature of bitcoin. After a 10% drop on a highly speculative asset, what are you looking for to drive it back up? The return of greater speculation. If Microsoft, Amazon, or Nvidia took a 10% drop, I could give you fundamental reasons to buy it based on cash flows, earnings growth, and new products. With bitcoin, the only purpose I see is potentially tax evasion, portability, and black market activity. As an inflation hedge, it's unproven. Better ways to fight inflation that have been proven over history.
Bulls crushed, halving a nothing
- Thread starter NewTraderAdventure
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Your response highlights the speculative nature of bitcoin. After a 10% drop on a highly speculative asset, what are you looking for to drive it back up? The return of greater speculation. If Microsoft, Amazon, or Nvidia took a 10% drop, I could give you fundamental reasons to buy it based on cash flows, earnings growth, and new products. With bitcoin, the only purpose I see is potentially tax evasion, portability, and black market activity. As an inflation hedge, it's unproven. Better ways to fight inflation that have been proven over history.
Much respect to both PTJ and BTC, but sounds like mostly hype.Perhaps you ask Paul Tudor Jones
https://www.cnbc.com/2020/05/11/pau...-has-almost-2percent-of-his-assets-in-it.html
No I'm satisfied with where I'm at. You don't see me bitching about things that nobody cares about like a little whiney girl.
Perhaps you ask Paul Tudor Jones
Maybe he said it so there is liquidity for him to buy when everyone is selling hahaha
Which gap are you talking about?? The market trades 24/365 and nobody trades at the CME.
Also, it was just a 10% drop. Actually pretty common
Fri to sun
The futures gap
What the heck is this thread about? Yesterday afternoon, bitcoin was around 8500, today it's at the same price, what's the big deal?
Now, if you mentioned it went down 2 days ago (yea, as MrMuppet pointed out bitcoin trades 24/7/365 unlike your weak casino called the stock market, lol) it went down 2,000 but since recovered about 700, ok, maybe it's something, but 24 hour move is nothing, and 2 days ago is history, bitcoin moves 2000 up or down, we're used to it.
Yesterday afternoon, bitcoin was around 8500, today it's at the same price, what's the big deal?Now, if you mentioned it went down 2 days ago (yea, as MrMuppet pointed out bitcoin trades 24/7/365 unlike your weak casino called the stock market, lol) it went down 2,000 but since recovered about 700, ok, maybe it's something, but 24 hour move is nothing, and 2 days ago is history, bitcoin moves 2000 up or down, we're used to it.
24/7 yes in the unregulated exchanges and on the streets anything trades 24/7What the heck is this thread about?
Now, if you mentioned it went down 2 days ago (yea, as MrMuppet pointed out bitcoin trades 24/7/365 unlike your weak casino called the stock market, lol) it went down 2,000 but since recovered about 700, ok, maybe it's something, but 24 hour move is nothing, and 2 days ago is history, bitcoin moves 2000 up or down, we're used to it.
cocaine
Meth
Weed
Lol
There you go, truth came out, bitcoin is not for you cause you're dependent on the nanny state, you have to ask permission to wipe? lol
Listen, it's very simple but can't help you if you don't understand, bitcoin is a peer to peer, decentralized, distributed, censorship-resistant, immutable, global, cryptographic digital asset, but you can stay with the regulated CME futures exchange, or trade at Robinhood or Coinbase or Kraken, all US companies.