https://bit.ly/3O9nC23
Submitted June 18, 2022 at 06:44PM by Aggravating-Durian75 https://bit.ly/3O9nCz5
Saturday, 18 June 2022
Why does it feel as if people in this reddit dont even consider the possibility of Bitcoin failing?
The more i read in this reddit the more i fail to understand the thinking-process.- when bitcoin is dropping its just another chance to buy cheap- when bitcoin is high its just a step away from going even higher with no limit- no matter what happens bitcoin will recover and reach a new all time highDo many people in this sub seriously not even consider the possibility of bitcoin failing or am i missing something? Reading some of the "tips" in this reddit it would be logical to buy stocks of companies failing since they will be high again at some point in the future without a doubt? Invest when others ara afraid and sell when others are certain - or something like this - so the best investment is a nearly bancrupt company?Many people argue the value of bitcoin-technology or how its a value storage or how its gonna revolutionize banking/contracts/money etc. but looking trough this forums and talking to people in RL all i see is people investing into bitcoins for fast financial gain - not because they care or even believe in the technology - obviously people have to pretend to be positive since their own money is on the line ...Looking at Bitcoin today - isnt this actually the worst thing that could have happened to Bitcoin? The loss of trust? People argued Bictoin would be decoupled - to some extent - from inflation, recession etc. but in reality it has been hit as hard/harder than other forms of investment. Bitcoin technology in general still has no real use even after 10+ years and to be hoenst most ideas from my point of view simply arent useful (smart contracts, transactions etc.) - simply because its either not as easy as people imagine (smart contracts etc.) or because there are better solutions already and its not worth it in many cases. Bitcoin also has a huge environmental problem that could give the edge to some new competitior and last but not least in reality if bitcoin would become to big chances are big countries would start to regulate it heavily or even prohibit it.So from my point of view there is a real possibility that Bitcoin will go to almost zero and never recover if enough people lose trust in Bitcoin. Maybe im pessimistic but to me it seems absurd reading threads where people pretend that Bitcoin will never loose its value and will always recover and become even more valuable.Last but not least - people always talk about power to the indidivudal etc. but in reality isnt bitcoin even more controlled by people with lots of moeny simply because it has way less regulations? via /r/Bitcoin https://bit.ly/3MXBN9b
"Are you considering buying more bitcoin at this price?"
https://bit.ly/3mX5BYX via /r/Bitcoin https://bit.ly/39DDWJt
Friday, 17 June 2022
Who is selling? And why?
Sorry for the simple question, but I just don’t get it. Who is choosing to sell at the current price? Don’t get me wrong, I’m loving it as a buyer, but I just don’t understand when they possibly bought and why (now of all times) they’re so desperate to sell… I mean we’ve dropped over 50% from ATH..
Submitted June 17, 2022 at 10:04PM by Enki906 https://bit.ly/3HAdU6c
Be careful out there
Just wanted to make this post in case any of you think it can’t happen to you or if you have gotten complacent. Had my family office broken into last night and they were able to swipe the seed phrases for my life savings. Thank god i had everything on a Trezor that was hidden in a different location with a hidden wallet or I might have lost everything. Got it all sorted now, new wallet, new seed phrase, all my coin relocated. But man that was one hell of a scare, stay safe out there.
Submitted June 17, 2022 at 01:37AM by jcoles97 https://bit.ly/3Qr1kud
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