Do you remember when double digit returns were good for a year?
Now we're debating 450% vs 817% returns.
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$450,000,000 liquidated from the cryptocurrency market in the past 60 minutes.
i'm a neophyte with regard to crypto. this was an enjoyable and easy to understand primer for anyone interested and a beginner.
https://x.com/Najanator/status/1867557928393486423
They repeated referred to bitcoin as “money”. At that point I clicked off. It’s a commodity.
No one ever bought anything with bitcoin
Gold isn’t money either
I remember CNBC. I’m that old
I learned some fun tidbits with this doc. I loved it tbh but I’m not your average bear.
This will satisfy your nostalgia for the pandemic too. Good times. Kalem was telling me how life has never been better. Our favorite fade
While you are watching harken back to “everyone” including Trump talking about how commodity traders had taken advantage of the market and driven the price down. It was far simpler to explain.
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https://youtu.be/P7D_eUvt7M4?si=NCZ3pXc7EAr7lJYX
$655,000,000 liquidated in the last 24 hours.
Bitcoin is truly remarkable. People actually invest in a mathematical algorithm. One day, and I believe the fuse is short, its going to be like year 2000 when everyone dumped just about every dot com stock because they were worthless. Now, I caveat that, if bitcoin is simply treated as a gambling instrument, then that is different. Casinos effectively have no intrinsic value other than people like to gamble. If bitcoin becomes that, so be it. I forget there are 8 Billion people in the world now, it only takes a few million people to give something adoption, you only need .005% of the population for something to take hold. For me, I just could never imagine selling my house and then buying say 5 bitcoin. But whatever.
https://pbs.twimg.com/media/Ghdtqwfa...jpg&name=large
fuck yeah boys lets get it