Creating this post to get some predictions for bitcoin 2023, should I buy bitcoin, I’m new to the bitcoin market . Any information is helpful thank you!
A.L
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Let me add another quote of mine 🤓Except you'd have to be stupid to use BTC for illegal activity, because of the transparency of the blockchain. Not only that, but exchanges can blacklist BTC that is stolen.
"Illegal activity is a small fraction (3%) of what actually goes on in the Bitcoin blockchain."
"Illegal activity is a huge fraction (95%) of what actually goes on in the Bitcoin exchanges."
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I'm going to burst your bubble and let you know that you aren't as reliable a source as MIT is.
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100% of the exchanges that went bankrupt this past year, did so because of Ponzi shell game tactics. Not because of poor executive decisions.I'm going to burst your bubble and let you know that you aren't as reliable a source as MIT is.
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As far as I'm aware, only FTX fell that way. The only other company like it that also went bankrupt was Voyager Digital, but that was due to making risky bets, and the collapse of Terra and Three Arrows.
That said, that's not a BTC issue, it's a regulatory issue with exchanges.
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That is only NOW (and the value has dropped significantly now that there’s this . Wasn’t like that 3+ years ago. You’ve reiterated another reason to avoid crypto: transparency of the blockchain and being able to be blacklisted by a middle man. Your previous post praised the fact that crypto didn’t have a middle man for transactions. Now you praised have a middle man for transparency.
Once it was proven these coins could be stolen, and governments could track transactions, ETFs were born to launder money a new way, a digital way in the form of how real tangible art is traded and sometimes with laundered money. Now all of the crypto exchanges are being proven to be fraudulent and collapsing on themselves. I guess BTC might have a chance of survival if people trade raw harddrives, in person, with each other as currency. This makes me think of the film “In Time” with Justin Timberlake. Time became a currency and the rich kept excess time on little harddrives.
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Did you know a half a year ago, that Sam ‘gonna hang’ Friedman of FTX fame, went in front of Congress and crapped out gold bars. Pelosi hailed him and tried to adopt him. They were all fawning over him. Except one person, a crypto expert. That expert testified that Sam was a fraud and FTX Was as a Ponzi scheme and that it had no collateral backing. Congress was not amused with the accusation, so they retorted by having California politician Ro Khana emphatically state that FTX had plenty of equity and assets. More importantly Ro said “we should all believe Sam Friedman”
ps
This can all be seen on congressional testimony video.
ladies and gentlemen of the jury, I rest my case.
Your honor, we have our verdict…
“GUILTY ON ALL CHARGES”
ps
This can all be seen on congressional testimony video.
ladies and gentlemen of the jury, I rest my case.
Your honor, we have our verdict…
“GUILTY ON ALL CHARGES”
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I mean, exchanges have gone belly up before (many times), and you don't need an exchange to send or receive BTC. This would be like blaming USD if Robinhood went bankrupt.
I respect you and your opinions, but you aren't very well educated on BTC, and it's not really my job to change that. By all means, don't invest in it, I'm not their spokesperson.
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Like I said… BTC may stay around if people start trading harddrives. Exchanges, like banks, allowed more availability of trading BTC for other currency or BTC for speculation or BTC for goods/services. By creating more accessibility, like banks, the value rose. Now we are seeing all these exchanges are backed by their own fake currency - Ponzi schemes, and they’re collapsing or being robbed. This now limits tradeability and decreases the value. By end of 2023 5k USD. By 2025 it’s like a delisted penny stock.
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The only thing that has changed for BTC, fundamentally, over the last 3 years, is the large amount of institutional investors and governments that have taken an interest in it. Tbh, I've seen similar predictions for so many years now, that it's really a losing bet. But, I set a calendar reminder for Jan 2025, with a link back to this post, just for fun.
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Mt. Gox was the first exchange to crash and burn - well more like - he robbed all the people.
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There will eventually be a dark bitcoin exchange especially made for the US government. That way US tax payer monies can be sent directly to offshore entities and then back into the account of the Democrat National Committee.
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Yup, doesn't feel like it was nearly a decade ago, and at the time it was responsible for handling 70%+ of all BTC transactions.
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I wish they wouldn't, but only because I hate the idea of them being integrated into video games.
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And so are lava lamps
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Puffy shoulder women’s clothing are back. I’m doubling down on the lava lamp comeback
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And Miami vice rolled up sleeves!
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The hits just keep coming to almighty digital asset’s that are supposedly defining the future of world currencies.
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That's actually a good thing. Self custody should be how everyone operates, keeping your money on an exchange is dumb.
Also, it seems a lot of folks in here don't realize this, but you can send/receive crypto from wallet to wallet.
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So let me ask you a technical issue/scenario for peer to peer transactions….
person A has $1 million in Bitcoin on his personal wallet
Person B has a Countach he wants to sell to person A
they meet at the local police department.
Person A shows up with his wallet. Person B shows up with his Countach.
person B tells person A to send $1 million to his wallet in exchange for the countach.
How does person A validate the wallet he’s sending the bitcoin to, belongs to person B?
Once person A sends the Bitcoin, can the transaction be undone? Is there any recourse to get the Bitcoin back?
thanks
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