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March 01, 2024, 08:08:48 AM |
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I'll always say this, most person's investing in bitcoin now is because of the profits it offers they care less about what store of value it gives or any other empowerment about privacy and decentralization, many and most of them are already used to or are benefactors of the tradition banking system and government centralization so it's no problem to them to continue in that way.
Inflation has nothing to do with the reason people buy bitcoin, who wants to actually miss out on his share of the pie of this bull run, since the bitcoin ETF approval more traditional investors are pumping money in, some are here cause of the idea of owning bitcoin for the longer term idea of when it would be more expensive for the average man to buy and most are for their bags to be filled with profits, when the bear comes let's see how many of them would still be very interested. That's why you need not to sell all your holding's to gain profits just like them you should be more concerned about accumulating bitcoin so that you would also have a big share in bitcoin when it becomes more expensive than this.
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