Will try to keep it short.
2022
You must be in a cave if still dont know about bitcoin.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Supply is capped at 21 million ( just like any company share float), game is all about supply demand. Some call it the tulip mania, some refer it to as internet of 1990's.
Either ways, caveat emptor, its an asset class of its own, risky but also highly rewarding.
While creation was for transactions, last 11 years lot of advancement has been made and focus is on blockchain/ distributed ledger ( a store of value independent of traditional banks. ) than just a mode of p2p exchange. As of date there are 14000 cryptos solving different problems, but you wont make in 90% of them.
Blockchain applications- Monetary reserves of countries ( CBDC ) , real estate, power, ecommerce, IOT, digital transactions, financing etc
Big companies that accept Bitcoin include - Microsoft, PayPal, Whole Foods, Venmo, Starbucks, home depot, twitch etc
Bitcoin ETF are legal and heavily traded.
WAR- Russia vs Ukraine has taught us the implications of sanctions and forex stress, Ruble ( russian currency) is at all time lows and oil at ath, The importance of self sufficiency couldn't have a better example.Russian forex was frozen, bitcoin remain unfazed.
El Salvador has declared bitcoin to be legal tender, rest to follow suite.
Because i have bought it, you should too ( Isnt that what we do with stocks too? ) . 4 year cycle, just like commodities, buy when low, sell when high.
but in a nutshell wouldnt be a bad idea to put part of your earnings in it, you'll thank me later.
________________________________________________________________
Technicals
For now, trading inside the channel , should continue its upmove. keep it simple :)
2022
You must be in a cave if still dont know about bitcoin.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Supply is capped at 21 million ( just like any company share float), game is all about supply demand. Some call it the tulip mania, some refer it to as internet of 1990's.
Either ways, caveat emptor, its an asset class of its own, risky but also highly rewarding.
While creation was for transactions, last 11 years lot of advancement has been made and focus is on blockchain/ distributed ledger ( a store of value independent of traditional banks. ) than just a mode of p2p exchange. As of date there are 14000 cryptos solving different problems, but you wont make in 90% of them.
Blockchain applications- Monetary reserves of countries ( CBDC ) , real estate, power, ecommerce, IOT, digital transactions, financing etc
Big companies that accept Bitcoin include - Microsoft, PayPal, Whole Foods, Venmo, Starbucks, home depot, twitch etc
Bitcoin ETF are legal and heavily traded.
WAR- Russia vs Ukraine has taught us the implications of sanctions and forex stress, Ruble ( russian currency) is at all time lows and oil at ath, The importance of self sufficiency couldn't have a better example.Russian forex was frozen, bitcoin remain unfazed.
El Salvador has declared bitcoin to be legal tender, rest to follow suite.
Because i have bought it, you should too ( Isnt that what we do with stocks too? ) . 4 year cycle, just like commodities, buy when low, sell when high.
but in a nutshell wouldnt be a bad idea to put part of your earnings in it, you'll thank me later.
________________________________________________________________
Technicals
For now, trading inside the channel , should continue its upmove. keep it simple :)
Comment:
Shorted, see it below 20000 soon
Comment:
17.5k, not bad.. loved the $
Comment:
Holding short again for 4 figures