That's just wrong.Doesn't say it is here.
But does seem to ask the question.
Not a problem. Just take your BitCoins and put them in a shoebox under your bed. They’ll be safe there.
Or melt them down and make jewelry.
I’ve already guessed it will be virtually worthless very shortly. Since I first made that prediction, it lost 50% of its value.
Bitcoin turning into 2-bitcoin?
That's just wrong.The idea that Bitfinex propped up bitcoin to rally up to 19k is well, a load of crap. They may have attempted to manipulate the price of bitcoin but the effect would have been barely detectable. Even if every single Tether coin was created with no dollar backing (and no one is claiming that) and every single Tether coin was used in an attempt to prop up bitcoin the effect on the bitcoin price would have been minimal. The total market capitalization of Tether is barely over 1 percent of the market capitalization of Bitcoin even at the current price. So the math is obvious. Tether and Bitfinex are not valuable enough to effect the price of bitcoin to any significant degree.
I really find it funny to hear government regulator types and wall street money scammers warn us little people about the dangers of bitcoin. Meanwhile big wall street firms manipulate the price of stocks and run high speed trades in microseconds using algorithms run on super computers every day. Does that sound like a level playing field to you? Aren't you glad these types are looking out for you? lol
So, pretty much like all fiat currencies and pyramid schemes, sooner or later.
Forget bitcoins. The next big thing is going to be tulips. I can just feel it.
There does seem to be resilient support near $10k, and there’s no way it’s all coming from one exchange.
In any case, the day-to-day price action is only important to traders. Those of us who believe fiat is ultimately doomed hold a cache of crypto in the same manner many of us hold a cache of ammo. The idea is to have the item on hand when/if it’s needed. If it’s never needed in our lifetimes, then our heirs can decide what to do with it.
I doubt many of us who hoard ammo are in the habit of closely following ammo prices for the purpose of determining the current dollar worth of our cache. That’s not why we hold ammo. Or crypto.
If Bitcoin shoots up again I may directly exchange some for PM, but otherwise it’s just something I like to have in reserve. I started accumulating in 2013 and my average cost is a bit over $500 USD per BTC. So far I haven’t sold or exchanged any.
Buy bitcoin at your own (very high) risk. It’s not currency.