Hang on! It’s going to a wild ride.

There seems to be a lot of confusion and consternation on the recent price drop, Quite simple imo. Markets are predicting imminent deflation due the anticipation of debt destruction ie defaults. Also margin calls are requiring cash. Add in risk aversion. This will be short term until the fed (all central banks actually) catches up with the liquidity destruction thru QE, repo funding etc. That will be when bitcoin launches with a boost from the halvening. Hang on. It’s going to be a wild ride.

submitted by /u/pilotfo
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BTC sToRe of VaLuE

submitted by /u/increaseblocks [link] [comments]

source https://www.reddit.com/r/btc/comments/ffnrd2/btc_store_of_value/

Bitcoin Adoption Challenge! Everyone buy something with Bitcoin once a month.

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Bitcoin.com Local: A True Private BCH Trading Community

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source https://www.reddit.com/r/btc/comments/ffnjf5/bitcoincom_local_a_true_private_bch_trading/

I thought this was interesting. What do you think? "Bitcoin (BTC) Has Six Advantages Over Gold, the $7 Trillion Asset, says crypto giant Coinbase"

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Here we go again.

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Aren’t you worried about collusion amongst whales?

Studies show that 40% of bitcoin is owned by 1000 people. (Source below)

Don’t you think it would be stupid for them not to work together and manipulate the price? It would be relatively easy for them to do. They go to the same conferences and events. There isn’t any authority looking over these whales to make sure they are acting morally or in your best interest. There is zero consequences for manipulating the price. What’s stopping them?

Much bigger financial scams involving more people have been orchestrated in the past for much less money involved in bitcoin.

Also, you can clearly see that I am pretty critical of bitcoin. I hope you can embrace this question and provide some insight. I’m not trying to troll with this post. It is genuine curiosity. I love the idea of a real decentralized. I don’t think bitcoin has made it.

Source: https://www.latimes.com/business/technology/story/2019-12-12/as-bitcoin-whales-volatility

submitted by /u/hazdata
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