If Bitcoin Fails We Will Own Nothing And We Won't Be Happy About That

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Avatar for ayaz0451
2 years ago

It's hard to figure out right now how much physical Bitcoin is being sold during the continual dumps and how much leverage trading is screwing the price, one thing is sure though... exchanges profit both ways. I am not into leverage trading and wouldn't advise anyone do it.

Too risky. It's impossible to always time the market and do that by playing "inside the house" with the house chips.

Bitcoin(blockchain technology) was created for the purpose of becoming a saving hand sort to speak that would drag us out of the constricting hell is about to be unleashed, not to leverage trade it and speculate it like many are doing right now. It's like speculating on your freedom the way I see it, you one day sell it and the other hope to buy it back cheaper.

At one point we won't be able to buy that freedom back at the desired prices. I don't have any data about whales and their behavior lately, but I have a feeling these are accumulating more than selling while retail doing the opposite.

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