Is Bitcoin Losing The Battle? (CRITICAL Moment for Digital Gold Crypto)
Its a rough time to be Bitcoin. While altcoins continue to see historic success, Bitcoin has struggled to remain the sole dominant crypto currency like many hoped and prayed it would be. With a mix of fud and purists going around, Bitcoin’s future may not be as squeaky clean as one may expect. In today’s video I cover the forces working against Bitcoin, as well as the supporters looking to make the coin the one and only crypto currency.
How to join Cardano (ADA) BPool ➡️ https://bitboycrypto.com/how-to-stake-ada-with-bpool/
ByBit, Market Cipher, Ledger, TokenMetrics, Crypto.com & more!
Find deals on hardware wallets, trading indicators, exchanges & more.
Find Crypto DEALS ➡️ https://bitboycrypto.com/deals
Connect with Me & the BitSquad!
Join the BitSquad ➡️ http://t.me/BitSquad
Join the BitBoy Lab ➡️ https://discord.gg/KRREDEKSY5
Join BitSquad Traders ➡️ http://t.me/BitSquadTraders
Join Me on Twitter ➡️ https://twitter.com/Bitboy_Crypto
Join Me on Instagram ➡️ https://www.instagram.com/bitboy_crypto
Join Me on TikTok ➡️ https://www.tiktok.com/@BitBoyCrypto
Join Me on Twitch ➡️ https://www.twitch.tv/bitboy_crypto
Join Me on Theta ➡️ https://www.theta.tv/bitboycrypto
0:00 Intro
1:00 Bitcoin Slump
2:02 Global Currency
3:21 Bitcoin Detractors
4:23 Bitcoin Purists
5:41 Best Time to Buy?
7:45 What’s Next?
Links:
Amount of Liquidations in the past 24 hours by exchanges in total $3.54 was liquidated!
In the past 24 hours, 330,243 traders were liquidated. The largest single liquidation order happened on @HuobiGlobal #BTC $BTC value $43.7M
Data source: @bybt_com pic.twitter.com/hNgctWgCgP
— CryptoDiffer (@CryptoDiffer) September 7, 2021
https://www.forbes.com/sites/cbovaird/2021/09/03/is-bitcoin-losing-its-position-as-the-crypto-markets-leader/?sh=57841f3dd080
https://www.scmp.com/news/world/americas/article/3012759/our-country-sick-child-we-all-have-take-care-it-nayib-bukele
https://www.scmp.com/news/world/americas/article/3012759/our-country-sick-child-we-all-have-take-care-it-nayib-bukele
Each week I publish Hanke’s #CurrencyWatchlist: a basket of rotten apples that have depreciated at least 20% against the USD since Jan. 2020. Venezuela takes 1st prize, as usual. The Bolivar has depreciated by 98.76% against the USD. It’s high time that VNZ officially dollarized. pic.twitter.com/ahQjMtx66S
— Steve Hanke (@steve_hanke) September 13, 2021
According to the FT, the cryptocurrency ecosystem is a CULT. Devout true believers worship at the tech alter and crucify those who express legitimate doubts. It’s the way of all cults.https://t.co/NA8SWKLuAQ
— Steve Hanke (@steve_hanke) September 13, 2021
MicroStrategy has purchased an additional 5,050 bitcoins for ~$242.9 million in cash at an average price of ~$48,099 per #bitcoin. As of 9/12/21 we #hodl ~114,042 bitcoins acquired for ~$3.16 billion at an average price of ~$27,713 per bitcoin. $MSTRhttps://t.co/2ESbTy6ad7
— Michael Saylor⚡️ (@michael_saylor) September 13, 2021
400 days ago @MicroStrategy owned 0 #bitcoin. They have effectively purchased 11.88 BTC per hour (1BTC every 5min) for the last 400 days. https://t.co/DnruQOYFYa
— Eric Weiss ⚡️ (@Eric_BIGfund) September 13, 2021
https://www.delish.com/food/news/a39508/new-york-city-hot-dog-vendors-pay-high-fees/
Each week I publish Hanke’s #CurrencyWatchlist: a basket of rotten apples that have depreciated at least 20% against the USD since Jan. 2020. Venezuela takes 1st prize, as usual. The Bolivar has depreciated by 98.76% against the USD. It’s high time that VNZ officially dollarized. pic.twitter.com/ahQjMtx66S
— Steve Hanke (@steve_hanke) September 13, 2021
This was in the on-chain data. Just like the other unidentified whales we've been tracking.
Whales holdings have increased by 103,600 BTC in the last 3 weeks. If Saylor bought 5,050 of those coins, who bought the other 98,547 BTC? I guess we'll find out. https://t.co/dq9zFtlTvh
— Will Clemente (@WClementeIII) September 13, 2021
https://twitter.com/woonomic/status/1437366348481400833
https://twitter.com/woonomic/status/1437366348481400833
3) Whales think coins are cheap right now.
Whales are opportunists. They're in a decade long diversification plan selling into every bull market having made their money.
But they do take the opportunity to buy when they see a strong rally ahead, like right now. pic.twitter.com/Yp731LOYJ8
— Willy Woo (@woonomic) September 13, 2021
https://cointelegraph.com/news/bitcoin-exchange-reserves-near-record-low-with-traders-eyeing-43k-btc-price-support
All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.
