People are selling.
Those who are not selling are also not buying.
Leveraged positions magnify uncertainties.
Honestly, look around at the crypto news and shill sites. It's as bad as lamestream financial news, with a constant stream of strawman causes. Just pick your favourite cause.
Imagine you know that Bitcoin is going to double in price. Now, being a greedy sod you take out a 10x leveraged position in the hope of making 20x profit - a nice fat, juicy 2,000% in just a few months... maybe. But a 10x position means that a price drop of just 10% will wipe that smug grim off your face. Do you double in or take the slap in the face? Repeat.
I actually watched a bit of the "Cleaning Up Cryptocurrency: The Energy Impacts of Blockchains" hearing by the Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce. These people really are entranced puppet whose only interest is in scything away at anything that stands in the way of their klimate skam to impoverish the world even further while owning all the useful land left. Total ignorance about POW and POS. Watch it and invest in some rope.
One idea that I haven't as yet seen articulated properly is that Bitcoin could become an Energy commodity. The idea that some power plants actually want miners to guarantee their own income makes this a possibility. What about other industries and people? The WEF have already thought of that!
BLURT!T
I like Bitcoin as a secure resource; power, hardware, computing power, heat.
I like the BLURT layer as a Credit 💳 Card...
And POS system 🛒
HIVE-Engine is delivering on abilities that Ethereum still promises.
I'm all in on the coming BTC half off sail 😎🥓🍔🍟
A bit annoying when all your crypto comes from crypto lol
Yeah but when you buy a bond with your money, the interest is paid in... more money!
;-)
i had the chance to own a winning coin while all was crashing ..
i sold and bought one that was crashing ... but hey , it could crash even more .
the leverage moves are changing the crypto market , the bots also .
it is very frustrating and scary to be in a land we always knew but with new changes we cant control .
being good at leverage is not that easy and could be very negative for the wallet and the mind .
Congratulations, your post has been curated by @dsc-r2cornell. Also, find us on Discord
Felicitaciones, su publication ha sido votado por @dsc-r2cornell. También, encuéntranos en Discord
The habit that occurs every year is a decrease in price, all investors can buy when the price is low and sell at a high price, generally every year there is a decrease in sales numbers, causing bitcoin to drop drastically as it is today.
Not sure it's that simple any more.
Derivatives volume exceeded spot BTC for the first time last June - https://www.bloomberg.com/news/articles/2021-07-12/crypto-derivatives-trading-exceeded-spot-in-june-as-prices-fell
The tail now wags the dog - just like Gold.
market is changing , it is very obvious
Bcs of panic sell, china and rusia ban crypto and many more bad news about crypto
China bans crypto... AGAIN... while still publishing a list of top cryptos from CCID ;-)
Also, keep in touch with Blurtconnect-ng family on Telegram and Whatsapp
Gold is a very great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.
—-Jim Rikards.
Gold is a very great way to preserve wealth, but it is hard to move around. You do need some kind of alternative and Bitcoin fits the bill. I’m not surprised to see that happening.
—-Jim Rikards.
I think this formula applies for every bit or shitt coins.
.
Same who poor countries holds btc at peek they have lot of time for crying...