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Message
re: Crypto hedge fund Three Arrows Capital (3AC) now in liquidation
Posted on 6/30/22 at 2:16 pm to slackster
Posted on 6/30/22 at 2:16 pm to slackster
quote:
For starters, the whole “store of value/digital gold” is done and over with, imo.
Did you know about 1 out of 5 US adults own bitcoin? I don’t think they own it because it’s providing everyday utility to them, or any real meaningful utility at all. Rightly or wrongly, they see it as a place worthy of parking cash. 1 out of 5 US adults aren’t day trading/short term trading. They’re holding it for long term value. Bitcoin is likely to get more popular than less, it’s likely going to be sought more by both big and small money, and there’s a limited supply, so the price long term should go up.
Could the above be wrong and bitcoin crashes for good at some point in the near future? Sure. Should you bet on that? I wouldn’t.
2
Posted on 6/30/22 at 2:22 pm to Jon Ham
I have limited knowledge of finance, but I assume some powerful charismatic people made a lot of money and left some gullible ones holding the bag?
Posted on 6/30/22 at 3:13 pm to Jon Ham
quote:
Did you know about 1 out of 5 US adults own bitcoin? I don’t think they own it because it’s providing everyday utility to them, or any real meaningful utility at all. Rightly or wrongly, they see it as a place worthy of parking cash. 1 out of 5 US adults aren’t day trading/short term trading. They’re holding it for long term value. Bitcoin is likely to get more popular than less, it’s likely going to be sought more by both big and small money, and there’s a limited supply, so the price long term should go up.
I don't think anyone in this thread is shitting on BTC or ETH.
Telle me how much Gamecoin you'd suggest people invest in
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