While the banks were imploding, Retail bought Crypto at the highest pace since the FTX collapse. Bitcoin is truly working as Satoshi intended.

#banks #imploding #Retail #bought #Crypto #highest #pace #FTX #collapse #Bitcoin #working #Satoshi #intended

guest
40 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
vjeva

Banks in panic mode and Bitcoin pumping hard. This is a ultimate wet dream.

Wise-Grapefruit-1443

So cool to see BTC pumping hard on a red day for Wall Street

DadofHome

>”The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.”

#-satoshi-

This is one of my favorite quotes and it couldn’t ring more true today ..

bny192677

Everyday passes is a win for BTC and crypto in general

Roberto9410

Last week was such a great buying opportunity

moldyjellybean

Let’s not kid ourselves retail doesn’t have the kind of money needed to move things that fast. Just like retail doesn’t sell overnight for a 40% loss.

All manipulation on the way down and on the way up

ACShreds

While I am super bullish, I wonder how much of this pump is manipulated by whales. For all we know, those “retail” wallets could just be small wallets all controlled by bigger players.

Odysseus_Lannister

The sick thing is, crypto is still kinda clunky to use and not very user friendly. Imagine what will happen once things get easier/faster to use

mattymoyanksfan

Retail is not what pumps crypto huge amounts. Not even close

s3nsfan

I just spent the rest of my beer budget money until payday (next week) on more crypto. Let’s goooooo!

JustCommunication640

But Bitcoin is pumping precisely because the fed is pumping money in the system. Is that really good for crypto in the long run?

SirAlexanderFerguson

I swear I’ll take profits at ATH this time

step11234

I might be going against the grain here but… I don’t think Satoshi imagined Bitcoin as being primarily a speculative investment, with relatively little usage for payments/sending to one another.

bwoksa

But , the sub suggested me to always buy high and sell low , and it worked all the time ! What was I missing ?

SinCollector

The year is 2140. Nuclear war has destroyed the human race. The earth is back to prehistoric times.

BTC: “pamp it”.

MenuSpiritual2990

The other day my elderly mother, who owns some shares but doesn’t know anything about crypto, rang me and said ‘I heard that Bitcoin thing you like went up more than 10%!’

Once I got over my surprise I immediately bought more.

likelyilllike

Is it the secret hint to buy crypto?

_watches charts paranoicly_

TheArt0fWar

Satoshi Whotookmymoto?

Dan4tw

The inverse has occurred. Market is red and BTC is glowing green!

Wild_Investigator622

What a time to be alive! Be your own bank people!

BitSoMi

Alts are up 2-5x, explain that. Feel like people run around blindfolded in this market and just sing lalalala

H__Dresden

LoL a couple banks were managed badly. Banking is going no where. There is just some hype making in climb. Just prepare for a dump again after the hype is over.

Harucifer

Wrong. Satoshi intended Bitcoin to be used as “cash”, which is why the white paper says “A PEER-TO-PEER ELETRONIC CASH SYSTEM”. Today it’s anything but being used for daily transactions, it’s original purpose.

DrewFlan

>Bitcoin is truly working as Satoshi intended.

No. Satoshi intended it to be used as an alternative to cash, not to be an investment.

ElementZeus

Own opinion here but I would be amazed if retail wins. Quite new to Crypto Currencies but coming from the stock market retail usually always gets cleaned out before the bottom is in.

PhysicalConnection80

Get rid of unlimited supply fiat for limited supply crypto- this is the way.

whyzgeye

Meanwhile no one’s even upset about the fact that the fed just bailed out another bank. Like oh well I guess thus is the normal now

Routine-Detail-5576

Bro what the fuck are you talking about? You do realize there was a massive flight from crypto over the last 18 months. But you’re celebrating a single up week, that’s still 50%+ down from ATH, as some kind of proof of crypto? This is some dumbass delusional cherry picking nonsense.

4x4taco

Decided to add ETH to my Crypto Portfolio after the news… keeping a 50/50 split between BTC and ETH. Let’s GO! TO THE MOON!

kirtash93

Crypto showing strength while banks struggle will be one of the crypto milestones in history. This moment will be always remembered.

ts_wrathchild

We need 2 more financial meltdowns *after* this one to fully convert the masses to preferring to deal in scarce digital assets vs fiat government currency.

So if we have a meltdown every 15 years, I’d say sometime in the 2050’s you will likely never need to transact in fiat currency ever again, unless your government mandates it.

Most people here today will have grandchildren who will never touch a bank note, outside of a school museum field-trip.

Alex-Crypto

Someone doesn’t know why Satoshi invented Bitcoin… BTC sure ain’t the vision lol

robertleeblairjr

Nah, this isn’t as intended.

Aromatic_Detail_4865

BTC is the king for a reason!

Hermes_Trismagistus

Move over banks, bitcoin is here to replace you.

SmallReflection2552

This is the way.

Available-Top-1160

1 btc is still equal to 1 btc. Keep dca what you believe and ignore buttcoin sub

BlindestofMonks

I’m still shocked at how things went down this time. Very bullish for the future of crypto

vjeva

Bitcoin is not only a hedge against inflation its becoming also a hedge against Banking crooks.

flawlessfear1

Banks? What is that?

Recent Posts