Nah, you gotta remember that Bitcoin is worldwide and America is just 5% of the global population. You got cash, guns and some freedom left, hence not that much need for a decentralized digital peer to peer currency, yet.
On the other hand, if you live in socialist hell, or any totalitarian state, where cash is banned and the banking system really sucks (yes more corrupt than the American system). Then you'd be happy about Bitcoin.
There's never any particular reason as to why it goes up or down, it's supply and demand basically. Exchanges are open 24x7 and no regulation exist, everyone trade on equal conditions.
"American" system, lol. The Federal Reserve is not part of our govt, not the president, not senate, not the house can tell them what to do, but they control the money. And not just in the US, around the world.
I know federal reserve is not really federal. Yet it's the US military that comes after you if you decide to abandon the fractional reserve banking scam and replace it with gold backed or other better alternatives.
It's the government in an unholy alliance with a private entity, which also happens to have monopoly, enforced by the government. Literally fascism.
You realize the whole world trades on America’s stocks right? Any given country, a financial trader likely trades their local stocks and American stocks,from what I have heard. Not an expert.
Bitcoin is not stocks, it's a decentralized peer to peer payment protocol. Sure there are stocks following the Bitcoin price but if you trade those you're not reading Bitcoin.
I know that. But your argument was that today’s madness can’t be impacting bitcoin because America is only 5% of population. I am point out that just because America is 5% of the population doesn’t mean that the impact of American activity on btc is limited to 5%. You’re implying a stone makes a pure dimple, and not accounting for the ripple.
Nah, you gotta remember that Bitcoin is worldwide and America is just 5% of the global population. You got cash, guns and some freedom left, hence not that much need for a decentralized digital peer to peer currency, yet.
On the other hand, if you live in socialist hell, or any totalitarian state, where cash is banned and the banking system really sucks (yes more corrupt than the American system). Then you'd be happy about Bitcoin.
There's never any particular reason as to why it goes up or down, it's supply and demand basically. Exchanges are open 24x7 and no regulation exist, everyone trade on equal conditions.
"American" system, lol. The Federal Reserve is not part of our govt, not the president, not senate, not the house can tell them what to do, but they control the money. And not just in the US, around the world.
I know federal reserve is not really federal. Yet it's the US military that comes after you if you decide to abandon the fractional reserve banking scam and replace it with gold backed or other better alternatives.
It's the government in an unholy alliance with a private entity, which also happens to have monopoly, enforced by the government. Literally fascism.
You realize the whole world trades on America’s stocks right? Any given country, a financial trader likely trades their local stocks and American stocks,from what I have heard. Not an expert.
Bitcoin is not stocks, it's a decentralized peer to peer payment protocol. Sure there are stocks following the Bitcoin price but if you trade those you're not reading Bitcoin.
I know that. But your argument was that today’s madness can’t be impacting bitcoin because America is only 5% of population. I am point out that just because America is 5% of the population doesn’t mean that the impact of American activity on btc is limited to 5%. You’re implying a stone makes a pure dimple, and not accounting for the ripple.
and the thousands of new coins are much much more than that
here's the founder of cardano explaining https://youtu.be/Ja9D0kpksxw