Jerry Jones bought the Dallas Cowboys for $140 million in 1989, they are now worth over $6.5 billion.
Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value.
He was laughed at for the former, but not the latter.
Bitcoin and cryptocurrencies are the last remaining free market.
There are no circuit breakers. There are no hours of operations. There are no bailouts. Each person is left to participate in the market how they see fit.
Every market should be the same.
@cropbytesfarm@JeffBooth@SquareOfNine Jesus christ, everytime with the bitcoin is too expensive thing. Bitcoin is divisible into 100,000,000 units called satoshis. Currently 1 usd = 2761 satoshis.
We really need to switch to Sats soon or people won't stop with the you have to own 1btc fallacy.
@gma_dawg@Prospectre2@moarcapital@krugermacro@whale_alert You don't understand marketcap. If the orderbook for btc were very small, and somebody market buys 700m$ of btc, he could well pump the price to astronomical levels (say 100k$), simply because there aren't enough btc to satisfy his order. Marketcap would thus 3x from currentlevel
Wielu moich kolegów/koleżanek po fachu, w tym przyjaciół, gnije w więzieniach w Turcji. Polski prezydent cieszy się na widok ich kata, ani słowa o więźniach politycznych nie wykrztusi. „Za Wolność Waszą i Naszą”. Była taka maksyma. Wstydzę się. To nie jest mój prezydent.
@APompliano True, but the greed on alts is still insane imo. When bitcoin, just now, showed the slightest hint of bottoming out, alts absolutely rocketed. Frankly it's ridiculous and it seems to me this market might still be too greedy.
@michael_saylor I think the bottom is in, the volume around 30000 was so insane, I imagine many a coin transferred from weak to steong hands at that level.
@culkin22 They won't buy though, I've heard that a thousand times. I guarantee you if it went down to 10k they wouldn't buy. It takes a special type of person to buy something that has been experiencing a huge downtrend.
@c1tpyrc@JasonYanowitz This is definitely an issue. However, consider that it's a vocal minority. IMO Most Bitcoin Hodlers are quietly watching and a few are even pointing out the toxicity themselves.
Nothing changes the fact that Bitcoin is the best store of value asset ever created.