Bitcoin continues to enjoy support at $10.5K as increasing numbers of people are beginning to realize that fiat money and fiat rules are destroying the savings and the rule of law. People are beginning to realize the importance of personal responsibility to survive.
And some of the publications have to state that in the future all the currencies will be pegged to Bitcoin. Though it seems very much unlikely, they have their own justifications for the same. Common sense dictates that it is nearly impossible, because of BTC volatility which is +-80% in short periods. Some of them are very clear that these are just announcements to promote Bitcoin and that it is something which will never happen.
In response to a news titled Bitcoin Games Reveals Satoshi’s World Travel Plans, Offers Cashback, Free Spins, and Bonus Money, commentators felt that crypto games do bring around gambling instead of investment attitude not sure if it is a good thing.
Micheal Saylor, founder of Microstrategy expressed, positive inflation drains the energy from your life. Negative interest is an attempt to stop the flow of time. Channel your energy into Bitcoin and move forward toward the future you deserve.
Sydney Ifergan, the crypto expert tweeted: “Bitcoin (BTC) as someone said combines the best of two worlds – the ledger technology and the token technology. I agree with it.”
The advertisements of getting some free Bitcoin from different exchanges is not rare to see. These come as rewards for signing up or fulfilling certain obligations. Despite mixed opinions real, unique and active users pop up here and there.
Bitcoin (BTC) a Ponzi Scheme
Dave Portnoy, the founder of the Barstool Sports blog-turned stock market day trader, recently revealed that revealed he’s completely cashed out his $1 million bet on bitcoin and warned he thinks the cryptocurrency market is nothing more than a Ponzi scheme.
Many people have no idea of what the Bitcoin is and many of them who are trying to branch out from traditional investment plans think of Bitcoin and they invest and back off. Too many things happening and they are not sure if BTC is best or the Alts are best. New investors are surely confused about what BTC is all about.
Also, the majority of Bitcoin conferences this year have been either cancelled, postponed, or moved to Zoom rooms. Weak investors are leaving the network, stronger ones who know how to survive are around.
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