Bitcoin is about where it was in early 2022 when tons of people were buying in. Since then it's dropped by more than half before recovering.
It's stalling because people are getting their money out while they can. This is a bald attempt to get people to stay in, in the hopes that they can pull another pump and dump before prices stabilize.
BTC is a scam. Once the Blackrock ETF is launched, it’ll be even more useless, diluted and scammy. Think about the level of stupidity needed to launch a fake digital “asset” into the fake paper “asset” stock market. And then there are the retards who actually buy the ETF.
Buy physical, tradeable assets and study useful skills. Fuck digital anything.
Bitcoin futures contracts are similar to gold futures contracts in the sense that they are both financial derivatives that allow investors to speculate on the future price of the underlying asset (Bitcoin or gold) without needing to own the asset itself[1][2][4].
However, it's important to note that futures contracts do not represent ownership in the underlying asset. Instead, they represent a contractual obligation to buy or sell the asset at a predetermined price at a specific future date. Therefore, while the issuance of futures contracts can increase the number of financial claims on the underlying asset, it does not dilute the value of the asset in the same way that issuing new shares dilutes the value of existing shares in a company[1][2][4].
In other words, while the issuance of Bitcoin or gold futures contracts can affect the market perception and price of the underlying asset, it does not directly affect the value of existing Bitcoins or gold. This is because each Bitcoin or ounce of gold remains distinct and does not confer ownership or claim on any other Bitcoin or ounce of gold, whereas shareholders in a company have a claim on the company's total assets and earnings[1][2][4].
"What's wrong with video games turning into entertainment as service, gachas, 60USD DLCs and borderline abusive business practice shitfest".
Mind you I lived through those Konami and Nintendo prime days so I can smell something is VERY wrong now, and the most horrible thing is I have full agency this is happening and there is no way me and me alone can do anything against it.
Then don't invest. I don't believe the stories about it going to the roof, but I've paid half of a nice sports car with less then $100 worth of investment. If I waited a month I could have paid it completely with it. 2 months a much nicer car. 3 months just a banger cause it went down so hard.
Don't count your money already, do invest in other things also and don't put any money in you can't spare. But saving fiat at a bank is throwing money away, with this inflation.
There's this coin I invested a thousand in at all time low, took out a thousand at all time high. The remainder was about 100 million. If the rate stays the same or plummets altogether, I don't care. If it looses a couple zeros in a few years time I'll be upgrading my car.
That's Monero you're thinking of, which the cartels use.
I bought in at Bitcoin when it was $200 because I listened to an Econtalk podcast about it. I wish I had bought more. Sold most of it when I needed a down payment on a house.
Bitcoin is about where it was in early 2022 when tons of people were buying in. Since then it's dropped by more than half before recovering.
It's stalling because people are getting their money out while they can. This is a bald attempt to get people to stay in, in the hopes that they can pull another pump and dump before prices stabilize.
Agree with with basically. I've been getting out due to this as well as the fact in don't trust broker dealers and ETFs to not screw with it
BTC is a scam. Once the Blackrock ETF is launched, it’ll be even more useless, diluted and scammy. Think about the level of stupidity needed to launch a fake digital “asset” into the fake paper “asset” stock market. And then there are the retards who actually buy the ETF.
Buy physical, tradeable assets and study useful skills. Fuck digital anything.
short it then and make bank
https://www.investopedia.com/news/short-bitcoin/
Bitcoin can't be diluted, that's the fundamental nature of it. There is not "gold shares" where there is more paper gold than actual gold.
This doesn't negate the problems with BTC, but you're fundamentally wrong about one important aspect of it.
Of course it can.
or here, buy some bitcoin futures contracts
https://www.coinbase.com/en-gb/advanced-trade/crypto-futures
or short it another way
https://www.investopedia.com/news/short-bitcoin/
That's not the same as dilution.
futures contracts are considered dilution
I'm not so sure that a derivative that trades the actual product, not shares of it, would be considered dilution. How so?
here's what I found out:
Bitcoin futures contracts are similar to gold futures contracts in the sense that they are both financial derivatives that allow investors to speculate on the future price of the underlying asset (Bitcoin or gold) without needing to own the asset itself[1][2][4].
However, it's important to note that futures contracts do not represent ownership in the underlying asset. Instead, they represent a contractual obligation to buy or sell the asset at a predetermined price at a specific future date. Therefore, while the issuance of futures contracts can increase the number of financial claims on the underlying asset, it does not dilute the value of the asset in the same way that issuing new shares dilutes the value of existing shares in a company[1][2][4].
In other words, while the issuance of Bitcoin or gold futures contracts can affect the market perception and price of the underlying asset, it does not directly affect the value of existing Bitcoins or gold. This is because each Bitcoin or ounce of gold remains distinct and does not confer ownership or claim on any other Bitcoin or ounce of gold, whereas shareholders in a company have a claim on the company's total assets and earnings[1][2][4].
Citations:
[1] https://www.linkedin.com/pulse/investing-gold-wealthyhood-invest
[2] https://www.bullionvault.co.uk/gold-guide/gold-futures
[3] https://www.gold.org/sites/default/files/documents/gold-investment-research/liquidity_in_the_global_gold_market.pdf
[4] https://www.kraken.com/features/futures/bitcoin-gold
[5] https://sprott.com/insights/sprott-gold-report-gold-vs-gold-stocks-an-unresolved-incongruity/
Ah, thanks.
Bitcoin is money magick joke.
You know what is "hypernormalization"?
"What's wrong with video games turning into entertainment as service, gachas, 60USD DLCs and borderline abusive business practice shitfest".
Mind you I lived through those Konami and Nintendo prime days so I can smell something is VERY wrong now, and the most horrible thing is I have full agency this is happening and there is no way me and me alone can do anything against it.
$71,746,229,772 in crypto has been lost to hacks, scams, fraud, and other disasters since January 1, 2021.
https://web3isgoinggreat.com/charts/top
Must be worth a lot then.
Then don't invest. I don't believe the stories about it going to the roof, but I've paid half of a nice sports car with less then $100 worth of investment. If I waited a month I could have paid it completely with it. 2 months a much nicer car. 3 months just a banger cause it went down so hard.
Don't count your money already, do invest in other things also and don't put any money in you can't spare. But saving fiat at a bank is throwing money away, with this inflation.
There's this coin I invested a thousand in at all time low, took out a thousand at all time high. The remainder was about 100 million. If the rate stays the same or plummets altogether, I don't care. If it looses a couple zeros in a few years time I'll be upgrading my car.
That's Monero you're thinking of, which the cartels use.
I bought in at Bitcoin when it was $200 because I listened to an Econtalk podcast about it. I wish I had bought more. Sold most of it when I needed a down payment on a house.
I heard most of the guys who didn't were Pedos. Funny how news works.
*disclaimer: I'm not going to dignify this with an answer. My reaction is as bullshit as his.
There are around 14,000 claimed cryptocurrencies. Only around 20 Proof of Work coins are of any value.
They are listed from top to bottom here:
https://www.coinlore.com/mineable-coins
This is not hard to understand.
I feel the same way about the Iraqi Dinar. Doesn't make it true.