Yeah so looks like get your moon hats or whatever ready because we are going to $46k+ very soon, yes any minute we are going to Moon and mass adoption is with us......
I know all because I drew some magic lines!
Reality is 99% of people on here in the crypto sphere talk shit and are just making it all up.
Crypto is one giant circle jerking casino, play it with that knowledge and get out when you can.
I know all because I drew some magic lines!
Reality is 99% of people on here in the crypto sphere talk shit and are just making it all up.
Crypto is one giant circle jerking casino, play it with that knowledge and get out when you can.
This makes absolutely no fucking sense to me, but I'm happy to explained to.
If you look at consumer products, lets pick the first 42" Plasma TVs which use to sell for $20k, adoption took time but as prices gradually fell more and more people starting buying them to the point that everyone owned at least 2-3 flat screen TVs.
Lower prices = more adoption.
In crypto world for some reason higher prices seem to be what will spurn mass adoption, this makes zero sense when you consider it in the context of consumer goods....price increases = less sales.
Next when wankers on Twitter or amateur crypto news sites make comments like " $1Trillion dollar crypto transaction for $1" they seem to forget that fucking VALUE and VOLUME are two different things.
Example :
I have 50 apples I sell for $1 ea, when I sell them all I have $50
We have a VOLUME/QUANTITY of 50 apples and a value of $50.
Now say I have 25 Apples I sell for $10 ea, if I sell them all I have $250.
So here we have a LOWER volume/quanity and a higher value.
SWIFT, Visa, etc process billions in quantity of transactions daily, far more volume than goes through crypto, it's by virtue of Bitcoins inflated price that you can make the values looks impressive on low volume.
If bitcoin were worth a $1 ea the value would be pathetically unimpressive compared to what the afore named companies do daily.