Slap Yourself If You Sold BTC

Clap yourself if you sold at 59k and bought it again in 32k
I sold a bit just before it dropped under 60k
had a gut feeling, guess I was right lol :rolleyes:
But i brought some Eth which did fk me
ohwell
win some, lose some
 
lots of people wait for BTC to go down to 20k then buying. But I think 32k is a great price also ;)
 
In order for BTC to reach such a level, one must first calculate whether it is provided with such a reserve of dollars. In any case, bitcoin is just a set of symbols on the screen, and some part of the dollars is still backed by gold. But then again, I'm not really an expert economist. Here you need to dig deeper ...
You are indeed not an economist. :D
Few things: There is no such things as to be "provided with such a reserve of dollars", that's not how any of this works. Let me give you an example:
You have a company and I buy 10% of it for $1 million. This put the valuation of your company to $100 millions, but there is no real money behind this number- this is just the perceived price, just an evaluation, its the same with crypto - if someone is willing to pay $100k for 1 BTC, this means that the total value of the BTC is $100k multiplied by the number of Bitcoins, thats it. Not like there are THAT much money for real already spend on BTC.
Dollars are NOT backed by gold, not even a bit for many decades already.
 
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