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BTC is doomed to extinction if it doesn't switch to PoS. But if BTC will be switch to PoS - then it will cease to be BTC
Don't be so panic, the energy crisis is not over the whole world... There still are countries that can mine BTC |
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5000 BTC from Satoshi-Era Wallet Moved, maybe 3 More Wallets Wait to Send Bitcoin as they have the same origin ~21000 BTC.
It's strange that they didn't have any movement when BTC was over 50k...  |
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We have translated the mobile version of the site into all languages available in the desktop version - https://m.fybit.com/Chart - German
- Spanish
- French
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Take Bitcoin as a long term investment and just forget it like it’s in a long-term investment account.
So you mean to forget about it for about 5-10 years? |
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I think it could potentially be both good and bad. Obviously its now labeled as a commodity rather than a currency which is counterproductive to Bitcoin's intended purpose for becoming a global currency- but isn't it that already basically, just without the title?
I think the main thing bitcoin needs is to be officially recognized, no matter what the status is. It will definitely give a big boost to the whole crypto market |
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According to what I just investigated, the International Monetary Fund (IMF), the entity with which the Bukele government was negotiating an agreement for up to $1,400 million, urged the country to "limit the scope of the Bitcoin Law. Eliminating its status as currency of legal tender" and also expressed "concern" about the issuance of cryptocurrency-backed bonds.
So, as we can see, the U.S. doesn't want bitcoin, and other countries won't allow it either... |
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Maybe in the future, if bitcoin wasn't banned in all countries.
Yes, maybe in the future, and maybe it won't be bitcoin, but it will certainly be cryptocurrency... |
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Maybe 17600$ was the bottom or do you think there is more dump in the coming days/weeks?
Yeah, I really think this was a real bottom  |
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Now we're previously at the peak $69K and currently the bottom is $24K (65% change) is still not beat the 2017 and 2018 history where the change is 84%, why would we panic and not trust Bitcoin anymore? Think about it.
Don't you think it might just be a new 90-95-99% record? Anything can be the first time... |
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I’ve been staring at my portfolio since morning, going through my head is to hold to zero or sell at loss? Do you think this is the end for Bitcoin or we’ll reach a new ATH after this downsize?
I think, HODL of course, because it's not the first time all crypto market is dumping like this... |
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The founder of financial tech company Block Inc., Jack Dorsey announced he is collaborating with the rapper Jay-Z by launching a Bitcoin Academy in Brooklyn. The Bitcoin Academy’s mission aims to empower and provide education to the region. The project’s website further details that residents of Marcy House, located in Brooklyn, New York will be eligible for free courses and other benefits like internet data plans.
I think this is the motivation we need to help create awareness in their various countries and educate our people on the benefits of cryptocurrencies.
Thoughts?
I think there are already very different ways for interested people to learn about cryptocurrency. All you need to do is show interest and a desire to learn. |
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What steps would you take in drawing the attention of the traders to Bitcoin?
I think there must be some benefits or bonuses for their everyday life or budget without trading crypto or investing for a long time. Quickly convert to btc - quickly spend - get bonus, for example |
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As we all know the SEC so far was established for checkmating exchange activities be it Fiat or crypto currency but it's current outburst on crypto currencies and projects is unbecoming. Now I ask to what extent has the SEC really contributed to the improvement of the blockchain industry over the years past.
I think the SEC will fight crypto all the time they both exist  |
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We’re closer to a free monetary system than any human has ever been before us. Let’s spend our energy on making this work, instead of focusing on other 1000x pumps.
Very inspiring and romantic, but what exactly do you propose to do? |
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How do you feel when the bear market is happening and do you hate it?
To tell the truth, when a bear market starts, I start opening short positions  |
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in my country bitcoin as a means of direct payment is not yet legal
I think if you're buying something simple and not requiring a warranty, it's fine to pay unofficially. But very often you need customer protection, so it's better to pay by official means. |
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🌘 A dark theme is available on the mobile version of the site m.fybit.com. |
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This downtrend has been detrimental to my health (mental health). Exactly %70 just now. No lunch money type of money either.
Have we ever experienced this kind of downtrend before?? What's the latest on how long this might last, or if it's even going to recover.
That's a big chance it will recover soon, just look at BTC 1W chart - we are near very strong support right now.  |
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I think this is just another hype to attract attention, but not a real plan |
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In many poor countries people use cash as means of payment and no extra fees is levied. If each and every single transaction is levied fees, then people wont spend as much as they spend with cash. I mean if you even transfer from one wallet to another you are leived fees.
Interesting, that's a real cash advantage. I don't even know what crypto can do with that... |
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