BTC pushes 100k
Eth hack on exchange
BTC price drops
Eth price recovers
BTC price falls more
Make it make sense 🙃
Discussion
Tick tick, next block ☕️
Sure no problem.
Change your unit of account from USD to bitcoin.
1 bitcoin = 1 bitcoin... Whether there's a hack or not, the market is rational or irrational, always
Agreed (and I still fall into that trap) and if price indicates demand then the reduction in demand for bitcoin after an Eth hack seems counterintuitive - also a short time preference take 😅
Feels like there is a lot of extraction from weak hands.
It will make sense when everyone in the world understands Bitcoin. Then 1 BTC will be ∞ USD.
For now, billions of people get rug-pulled via inflation and gambling on the stock market each year.
TLDR: we are already there ...
