Why do so many people trade cryptocurrencies but so few support Bitcoin? The birth of Bitcoin was to prevent financial crises caused by the excessive issuance of fiat currency. Bitcoin is the only sound currency to date, for the following reasons: 1️⃣ Compared to fiat currency, Bitcoin has a much larger stock-to-flow ratio, meaning that the new Bitcoins added each year are far less than the existing Bitcoins, which is in complete contrast to the high inflation of fiat currencies. This will make our existing Bitcoins more valuable. 2️⃣ Compared to gold, Bitcoin can be traded across time and space. We do not need to go to a bank to exchange gold, nor do we need to transport gold over long distances; we just need to open the Bitcoin network to transfer it directly. 3️⃣ We truly own Bitcoin in a real sense, having complete control and ownership of it. As long as you do not leak your private key, it will forever belong only to you, and no one can take it away. The numbers on stocks and bank cards do not truly belong to you and can be taken away at any time. <So why do we need to own Bitcoin as soon as possible?> China was the last country to abandon the silver standard, continuing until 1935, during which time Chinese silver coins lost 78% of their value. The suffering in modern Chinese and Indian history is closely related to the significant wealth and capital losses caused by the dematerialization of the currency metals they used while trying to catch up with the West in the 20th century. Imagine a scenario where the silver we admire is everywhere in other countries, with very low acquisition costs, allowing them to easily achieve geographical arbitrage and better control domestic capital and resources. Alternatively, we can think from another perspective: it is not that Bitcoin is rising; in fact, fiat currency is falling. The above views are reflections on the future of currency; from the gold standard to the blockchain standard. I recommend this book to everyone in the crypto community. The one true god has descended. Welcome to discuss. 0340614384303406143843 the military can always believe in Bitcoin 08706194744
When everyone was shouting that BTC would fall below 90, I quietly placed an order at 93. I didn't expect to swallow it all in one go, just in time to catch a local bottom! Looking back, this wave was indeed quite thrilling, but it also affirmed my judgment. Bottom fishing is not based on feelings, but rather a decision made by combining market sentiment, key support levels, and position control. Although I didn't make a lot, my confidence has returned. The pace in the crypto world is fast, and recording every move is for a more stable next time!
#币安钱包打新 I thought this was a benefit for BNB holders, but the profits from new listings are getting smaller and smaller. Why not limit the holding duration of BNB or require device fingerprints? What does it mean to buy into a low-quality project? All the spare money goes into buying BNB, or is that wrong? Can BNB really outperform BTC when adjusted for risk? Then what is the point of continuing to long hold BNB? It's disheartening; it seems I have to slowly sell off my holdings. #btc
What should we do in the unreliable situation? Copy BlackRock's homework.
Interpretation of the BlackRock report: The world's largest, most powerful, and richest company. Introduction to BlackRock: It holds 10% of the world's market value, which is twice the GDP of Japan, the world's third-largest economy. One out of every ten dollars in the world is in its hands. Short-term outlook: In the coming months, stocks, the economy, and other risk assets may experience greater uncertainty and volatility. Mid-term outlook (6-12 months): U.S. stocks are expected to strengthen and may regain global leadership. Asset allocation recommendations: Emerging market stocks: Maintain a neutral view, without significant increases.
#币安钱包体验官 I discovered that these exchanges might not understand blockchain or DeFi themselves. This afternoon, I planned to withdraw the Bitcoin from my btcfi wallet on the Binance Smart Chain, only to find that there was no lbtc in the account, making it impossible to withdraw. I contacted customer service, and they told me to reach out to the tech team, and then they had me clear the cache and helped me check the records on the blockchain explorer. After a lot of back and forth, including various screen recordings,
I spent almost one or two hours in total. In the end, I realized that this project had placed my Bitcoin in a vault, or this project is essentially a vault aggregator, which is why I couldn’t find it in my account. Vault is a very simple and basic term in DeFi, yet the tech team and customer service at Binance went through all this trouble without finding the reason.
Is it that in CeFi, one does not need to understand DeFi? Or is this not really blockchain, just a concept of blockchain? #bnb $BNB
Thoughts on the theft of 1 billion + 💲 Eth from Bybit A little bit of fud Ethereum From the perspective of most ETH supporters, the biggest advantage of Ethereum over other copycats such as Solana BSC is decentralization, which is the biggest difference between BTC and other fiat currencies, but does ETH really need to be so decentralized? Will this just be a gimmick, a simple copy of BTC. Decentralization, cost and performance are an irreconcilable triangle relationship, and you can only give up one and take two, while ETH is mainly a programmable blockchain network that can generate various dapps for users to use and play on it. But compared with Solana BSC, the high cost, slow speed, and low throughput are all problems that cannot be ignored. No one wants to spend thousands of dollars to play a game, transfer 20 dollars, but the handling fee is 1 dollar. Personal wealth needs to be decentralized, which can ensure that no one, including those in power, can maliciously take away their property, ensuring that we do have ownership and control over our hard-earned money, just only mine BTC has realized this vision, and no other currency has done better than it, so what is the positioning of ETH? Can you imagine what role eth will play when web3 is widely used in the future? Welcome to discuss
$BTC BTC is the only sound currency that can transcend time and space, no one can issue more currency, and it can be infinitely divided. This is really just the beginning! Long Hodl Imagine that you bought the Beijing Second Ring Road in 1990
$BNB is bullish. The industry is still in a stage of rapid growth. As the top exchange in the industry, Binance will definitely develop in a monopolistic manner. Whether it is buying stocks or making money (various airdrops, launchpools, etc.), it is definitely a good choice!