submitted by /u/gotamd
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source https://www.reddit.com/r/btc/comments/u2wgmj/the_loudest_antibitcoin_people_either_work_for_a/
Thursday, 14 April 2022
Bitcoin Sell-Off Deepens as Correlation With Stocks Rises!
BTC is down 40% from its November peak, compared with a 16% drop in the Nasdaq 100 over the same period.
Continuing its descent on Monday, BTC briefly dipped below $40,000 and tracked losses in global equities.
Amid concerns about inflation and slower economic growth, investors appear to be lowering their exposure to speculative assets, including cryptos and stocks.
Gold, a traditional safe haven, traded higher on Monday, while most altcoins underperformed bitcoin in crypto markets. Ethereum was down 8% over the past 24 hours, compared with a 16% drop in THORChain, and a 6% decline in BTC over the same period.
For now, technical indicators suggest lower support at $37,500 and $40,000 could stabilize BTC's down move. And if the support does its job and provides the market with a bounce up, fundamentally sound tokens will be the quickest to recover. Plastiks, a project that lets companies tokenize their plastic recovery data for monetization and proof of sustainability; Avalanche, a competitor to Ethereum that prioritizes scalability and transaction processing speed; and Terra, a decentralized blockchain payment platform for stablecoins, may witness significant market capitalization growth when the major cryptos bounce back.
However, for now, it appears that investors have tightened their risk budget, which is typical during times of market turbulence. But with the globe realizing the real-world use cases of cryptocurrencies and decentralization, this dip is poised to end soon!
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source https://www.reddit.com/r/btc/comments/u2x3ss/bitcoin_selloff_deepens_as_correlation_with/
Wednesday, 13 April 2022
Changelly holding my rightfully owned bitcoin transaction of 42,000$
I am sick to my stomach as I write this, haven’t slept in a day either. Changelly put a hold on my Bitcoin swap to usdt in the ledger live app and I am irate. I got ahold of them on support and went thru all the motions of verification and everything checked out and then they ghosted me! It’s been a couple hours now and I’m just getting more uneasy by the second and feeling like they will not return my funds. What should I do? What would you do in this scenario? Had I known the swap ledger used was changelly I would have never even attempted. Now I’m tired sad and depressed because of this and I’m really trying to resolve this as quick as possible! Please someone help or give me a glimmer of hope at this point I am desperate
UPDATE: I got my funds back in a timely manner I am now blacklisted from using changelly which is totally fine by me. Please do not make the same mistakes I did it will cause you a great deal of stress!! Thank you everyone for creating some ruckus to get these folks attention 🙏
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If BTC reaches mass adoption and the price skyrockets what happens to the whales?
I mean there are billionaires from bitcoin and if the price goes like some estimations of mass adoption 500k or 1m or even more these guy will be trillionaries or even more. Dont u see a problem with them having that massive amount of wealth and do you think other powerful wealthy people allow it to just happen while they lose their power in the meantime? We have nowdays wealth disparity but if bitcoin reaches the predictions wont that become even worse?
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