This entire bitcoin space breeds greed, envy, fear, and lust. All you of hodling bitcoin are mentally ill. You have been conned into thinking bitcoin is going to the moon. It's not. Charts show bitcoin is slowly bleeding to death. Bitcoin is no different than Bernie Madoff's Ponzi scheme where new bag holders are needed to pay off the earlier investors.
Mass adoption of bitcoin will never occur. Sorry! The price is far too unstable to be used as a form of payment. Businesses would get crushed if they took bitcoin as a payment due to the wild price fluctuations. Then you have to worry about the IRS on your ass to pay taxes. Is hodling worth the stress? Absolutely not. That's why women laugh at bitcoin and think it's a scam. Notice the crypto space is all dudes?
Say what you will about the US dollar, but it's still backed by a democracy and the most powerful military in human history. Accepted everywhere. Bitcoin is backed by absolutely nothing. Gold is backed by 5000 years of history of holding value, and is recognized worldwide. Women love gold. It's beautiful and tangible. A real asset worth owning.
I'm sorry, but you HODL'ers are mentally ill and are going to get crushed when bitcoin collapses in the coming recession. Bitcoin is going to get dumped fast as people need money to pay bills and survive. If you bought bitcoin early and already cashed out with gains, you are a wise investor and have my respect. If you're still hodling, your finances and reputation are on the line here. A reputation with your friends and family you can never get back. Don't risk it. Dump your bitcoin now before it wipes you out!
- What graphic do you want to explain? short-term? then your mind is indeed too narrow to see anything big.
- mass adoption is not possible just because of wild volatility? this will only further strengthen the quality of its users and enable more mature development.
- bitcoin is not backed by anything, but blockchain technology will be the initial pillar to incorporate all elements currently in fiat into bitcoin, we are only at the beginning of the future.
- Mental illness is for hodlers who simply give up on the situation, so they forget how to weigh the potential of bitcoin as a very influential asset, it's not just about money to meet your short-term needs, dude.
is this a kind of sarcasm that makes you happy? lol