for any news, the bitcoin price is the first market indication of how people feel about it. markets are emotional voting machines, and bitcoin is open 24/7.
So the price being unchanged means that people don't care about this recent news? Well, at least people buying bitcoin don't care 😂
https://m.primal.net/JZPf.png
First reaction was indeed a sharp drop. There is the answer. However, IDGAF. #Bitcoin does its thing since its inception 📈
Bitcoin is savage 😎 been bootstrapping my startup with it for the past year. Although america doesn’t seem to care much for our focus which is education and ai for home learning 😂
I think this quick dip and spike was more a result of computer trading and not really emotion. They are programmed to sell on any "shock news" no matter the asset or content of the actual news itself (would have looked the same for the stock market had it been open). The quick recovery is then the opposite more rationale reaction as in "Meh,it doesn't really matter in the end " Doesn't change the fact that bitcoin is a 24/7 pulsemeter to the news though.
Does this include non-financial news?
100% ! Jack's right If anyone wants to check some charts to better understand the market, here's a FOSS, free Glassnode: https://satonomics.xyz
if bitcoin is the entirety of your principles, you've failed- trust and you shall receive... so sick of rich fucks demanding everything up front...
Bitcoin knows!
Every case leads to an upswing. So einfach ist das. :)
the technical term is "traphouse jumpin" https://m.primal.net/JZZN.png
Trump bump was already priced in But it is good to have a 24/7 barometer
seemingly, it’s teaching us that to eventually reach stability we must first account for all of our emotions
Very Keynesian of you.
no. everyone just keeps the coins and is in no hurry to part with them. 94% of all coins have already been issued. but there is still no exchange of coins for goods. when will this happen? What % of coins must be issued for Bitcoin to become a medium of exchange and unit of account? 21 million coins is not only an advantage, but also a curse for Bitcoin. this is a limitation that has turned Bitcoiners into gnomes within their closed sect. no one wants to spend. everyone is just accumulating. you keep talking about bad government. but the government is in no hurry to harm you. you are harming yourself. the government only follows Gresham's law. The main thing for him is not to go beyond reasonable inflation limits. nothing else. it watches our eyes sparkle and our drool flow as coins rise in value. and smiles slyly into his beard. dollars and bitcoin obey Gresham's law. Bitcoin will never become a unit of account and a medium of exchange as long as the government prints dollars.
I just had lunch and paid in bitcoin. Your argument is invalid. https://image.nostr.build/fd515f057ebd3da242f55e23f09af0d6546afe517c3f0b5b2214e5d2ee6c0a9a.jpg
This is the second best indicatorhttps://m.primal.net/JaHE.jpg
if by people you mean the hedgies that splash around in the very shallow pool that is bitcoin
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