Tyo_tyo

#Write2Earn
Have you considered what happens if BlackRock, Fidelity, Michael Jackson and all the other newly created Bitcoin stars start selling Bitcoin?

Let me ask you this and please, be honest, let's have an open discussion because we need this.

➖ Have you noticed that all these "Bitcoin Spot ETF" have been buying billions and billions and billions of dollars worth of Bitcoin and yet Bitcoin is not trading at new All-Time Highs?

➖ Have you noticed that Bitcoin is literally not trading at $80,000 nor $100,000 and yet billions were bought and nothing, in fact, Bitcoin is trading below its previous peak price hit 12-January.

And we go back to the beginning... When the Spot ETFs were approved, the next day we saw the highest bearish volume in many months, a strong "top" signal... A warning sign. Also remember the "Michael Saylor bought Bitcoin" ads which is an ominous omen.

What happens if the richest people in the world, the new Bitcoin stars decide to sell?

I mean, they can sell right?

Let's say they bought their Bitcoins at $40,000, GrayScale did some discounts or $38,000, even better... Over-the-counter, large sums, etc. You fill in the blanks.

The market goes to a healthy 45/46K and they can make a quick and easy 20% on several billions... (Just by selling, consider the profits potential on the SHORTs) Then people panic sell as the crash takes place and they are ready to buy up down below... Is it possible?

That's my questions for you today... Just to promote some thinking; Maybe to inspire some ideas...

Thanks a lot for blessing me with your time and attention.

Thank you for reading.

#Write2Earn

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#BinanceTournament
♥️ Hello, my friends

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#BinanceTournament
♥️ Hello, my friends

I remember as if it was yesterday, when I started with Binance, everyone told me that it was not true, but well I told myself that I had nothing to lose so I embarked on this adventure

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Pi Network: Successful Testing of 9 Billion BTC, 1 Million BNB, and 9 Billion USD Prior to Mainnet Launch - hokanews

HOKANEWS.COM November 13, 2023

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Pi Network: Successful Testing of 9 Billion BTC, 1 Million BNB, and 9 Billion USD Prior to Mainnet Launch - hokanews

hokanews.com - In the ever-evolving world of blockchain, Pi Network has carved its name as an ambitious and innovative project. In a recent series of tests conducted on the testnet, Pi Network has successfully examined the reliability and functionality of its platform in introducing major cryptocurrencies, including Bitcoin (BTC), Binance Coin (BNB), and the United States Dollar (USD), all used as test tokens. The success of these trials signals a strong indication that the Pi Network Mainnet launch is a monumental step on the horizon.

Pi Network: Successful Testing of 9 Billion BTC, 1 Million BNB, and 9 Billion USD Prior to Mainnet Launch - hokanews

HOKANEWS.COM November 13, 2023

hokanews,hoka news,hokanews.com,pi coin,coin,crypto,cryptocurrency,blockchain,pi network,pi network open mainnet,news,pi news Coin Cryptocurrency Digital currency Pi Network Decentralized finance Blockchain Mining Wallet Altcoins Smart contracts Tokenomics Initial Coin Offering (ICO) Proof of Stake (PoS) Proof of Work (PoW) Public key cryptography Bsc News bitcoin btc Ethereum
Pi Network: Successful Testing of 9 Billion BTC, 1 Million BNB, and 9 Billion USD Prior to Mainnet Launch - hokanews

hokanews.com - In the ever-evolving world of blockchain, Pi Network has carved its name as an ambitious and innovative project. In a recent series of tests conducted on the testnet, Pi Network has successfully examined the reliability and functionality of its platform in introducing major cryptocurrencies, including Bitcoin (BTC), Binance Coin (BNB), and the United States Dollar (USD), all used as test tokens. The success of these trials signals a strong indication that the Pi Network Mainnet launch is a monumental step on the horizon.

BTC flying for this new year

Why is the Bitcoin price volatile?
Bitcoin has the highest trading volume among cryptocurrencies, but it’s still a small market compared to other global markets. This means that prices make bigger moves up or down with less money involved. If Bitcoin were to have the same trading volume as, for example, gold, then its behaviour would be very similar in terms of volatility.

As there are only a limited number of bitcoins in circulation and the creation of new bitcoins follows strict rules with a consistently decreasing output (because of shrinking rewards for miners), demand would have to follow the deflationary behaviour of Bitcoin to even theoretically keep prices stable.

News events that are detrimental or beneficial to the reputation of Bitcoin, uncertainty in the future intrinsic value of the cryptocurrency as a store of value, currency risks for large holders of Bitcoin regarding liquidation as well as security breaches may also influence the Bitcoin price.

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This is a big difference between the mining of Pi, the virtual currency linked to Pi Network, and that of Bitcoin. The latter requires a very powerful CPU system on its computer and immense computing capacity. It is therefore not as democratized, while the Pi is destined to be.
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