[edited out]
I didn't actually say that. Maybe my way of saying it was wrong.
What I actually meant was that if strong countries look down on weak countries, they want to destroy that country economically, that is, they impose various types of sanctions on the country. In that case, fiat currency loses its purchasing power severely. In that case, in the past, the practice of storing gold (physical assets) instead of fiat to deal with risk was the first choice of the state.
But now, when Bitcoin is much more popular worldwide and it provides financial freedom, the general public as well as the government are accepting Bitcoin as a strategic reserve asset.
In that case, I wanted to say that if weak countries hold Bitcoin and if they want to destroy another strong country financially, they will first have to reduce the price of Bitcoin or take Bitcoin from them.
In this case, if they reduce the price of Bitcoin through market manipulation, not only that weak country but every country holding Bitcoin will be affected. Even the powerful countries that are currently reserving Bitcoin as a strategic asset will also be affected.
In other words, I just wanted to explain how important Bitcoin is in ensuring the financial independence of a country.
Sure, it could be that I misunderstood the point that you were attempting to make, and I don't doubt that countries, insituations and/or status quo rich folks will attempt to engaged in tactics to manipulate bitcoin, even though it may well take some time for them to figure out ways to consistently be able to be successful in manipulation rather than potentially achieving some short-term manipulation success...and even if bitcoin has some ways that it is similar to other assets, currencies and/or commodities, it also has a lot of characteristics that contribute towards risks in being caught on the wrong side of price movements in events that price manipulation might have had not been successful... so it could become quite problematic to NOT have the coins that are being claimed to be had - even if there might be perceptions that infinite amounts of cash can be printed, there are likely limits and ramifications (potentially violent) that might not be able to be papered over - even though there may well be attempts to cover up holes in the balance sheet.
We have to be careful in presuming that governments, institutions and/or even status quo rich folks are going to be successful in certain kinds of manipulations, even if they have had quite a bit of success in the past to put costs on retail and to get the rich buddies bailed out and/or not suffering the consequences of their not having the money they claim to have.
The world will soon realise why an uncensurable, uncunfiscatable currency is relevant. Of course, those at greater risk will use it first, but the benefit will be clear to everyone.
Anyone who still don’t know the importance of having Bitcoin is basically not interested in his or her future, we are now seeing war happening and one of the most safe asset to have right now is Bitcoin,
Bitcoin is a very nice asset no doubt about that and by all means people should endeavor to have it in case of necessity but that doesn't mean anyone who doesn't have or own a Bitcoin is not interested in his future that is a wrong statement
So what do you have to say to all the investors that were convinced by people like you promoting bitcoin when it was over 100K that it would be at 1 million by the end of 2025?
I would say anyone who is convinced about bitcoin's price direction (as if there were any guarantee) are retarded.
I would also say that if guys are investing into bitcoin, they have to figure out a budget that works for themselves and to invest no more than the can afford to lose including figuring out their timeline, likely 4-10 years or longer...and still there are no guarantees, so normies have to figure out how to take responsibility for their own decisions regarding how much to put in and other aspects of their bitcoin buying, whether weekly DCA or otherwise and/or if they employ buying the dip and/or lump sum buying. Trading is not a good idea when it comes to bitcoin, yet guys can do what they like, including dumb shit like trying to trade it.
Some bagholders have over 10 million holding long at incredible losses now?
Too bad for them... and hopefully they were investing no more than they can afford to lose and making sure that they were good with whatever amount they ended up putting it in and how they went about it.
By the way if they were buying in the $100k to $126k range, then they should be considering sub-$100k prices to be a great bargain.. including that we have spent quite a bit of time in the $64k to $72k range for the last 10-ish weeks.. so those should have had been quite great opportunities to buy for guys who might have had started out building their bitcoin stash at higher prices.
So was bitcoin backed in yuan when it was created? Who created it? Can anyone sell more than 21,000 bitcoin anytime they want?
Are you just making up dumb questions to just show the level of your dumb? You might need to look into bitcoin's history, and yeah there are less than 21 million bitcoin right now.. even though there are a lot of paper derivatives, so those guys who are playing around with paper bitcoin might end up getting themselves in trouble if they don't have the bitcoin they claim to have.
