Why real Institutions won't touch Bitcoin here and after Bakkt.
Do you really think someone like Buffet or Trump will invest in asset which produce nothing and do nothing useful and not a safe heaven because it's only 10 years old baby market where whales is just some Indian guys or millenial nerds who solved captchas for 100 bitcoins per one and can literally ruin any bull run in 1-2 days without proper market plunge protection.
I think only stablecoins can be useful in future , especially for international sales to retail customers because they will be not holded or frozen because of some regulations or investigations or other banks sepa/swift bullshit and they don't have that insane fees like paypal or skrill. I don't see why world will use Bitcoin for something what is not a manipulation or ponzi scheme or some criminal activity. It's unstable and it's slow and it's not a gold or a company that produce or sell something useful .
So what is this magic internet money value if it's even not useful enough to be a international payment system ?
I'm not trying to be an Oracle here. I'm just a swing trader with proper risk managment and my trades based on market sentiment and trends. I use TA only to find a proper place to open a trade. Btc easily can touch 11500 from here and probably be rejected . I longed 8k , then shorted 13k few times and longed 9.6k then sold 10.3k. You can see my full trade history in Twitter @WagsCap .
I think only stablecoins can be useful in future , especially for international sales to retail customers because they will be not holded or frozen because of some regulations or investigations or other banks sepa/swift bullshit and they don't have that insane fees like paypal or skrill. I don't see why world will use Bitcoin for something what is not a manipulation or ponzi scheme or some criminal activity. It's unstable and it's slow and it's not a gold or a company that produce or sell something useful .
So what is this magic internet money value if it's even not useful enough to be a international payment system ?
I'm not trying to be an Oracle here. I'm just a swing trader with proper risk managment and my trades based on market sentiment and trends. I use TA only to find a proper place to open a trade. Btc easily can touch 11500 from here and probably be rejected . I longed 8k , then shorted 13k few times and longed 9.6k then sold 10.3k. You can see my full trade history in Twitter @WagsCap .
Comment:
LEARN
Trade active:
Trade closed: target reached:
Closed short from 10800 at 10090 and longed
Comment:
Shorted at 10600 few weks ago , can check other ideas.
And why Bitcoin is a digital gold? :retardpog:
Something can be safe haven only if you can be sure that people will use this thing after any wars or significant events in human civilizations or can be used and even sold to aliens most likely for example , something that exists for thousands of years. Only similarity with gold is that BTC cannot be printed and as exchange-values, all commodities are merely definite quantities of congealed labour-time (mining difficulty) But plebs always forget that anyone can create own version of Bitcoin or some magic decentralised internet money and this is all sless arguments when asset represents no value and there is no legal or significant demeand for this product or service.
No way that this scam can ever be a safe heaven. Even if there will be currency crisis - stablecoins will win , not btc. Blockchain also can survive without BTC.
Is there are any crypto developers or teams of shitcoins that achieved something useful in 10 years? Name any shitcoin that already being used in real world for something important and can represent some value for investors .
No way any real big institutions will invest in this kind of asset for criminals just because it's fancy and can be easily manipulated by small group of miners and shillers.
Also about this fake Satoshi reveal and google trend spike about this - this shows pretty much everything about cryptocurrency investors imo. This is a criminal money and being a long term investor right now just because someone sold you an idea to HODL absolute usless and highly speculative asset is just idiotic imo.