Making money in crypto is like taking money from a baby. I can show you the direction the price will go and you will still lose all of your money. If you want to be rich like me, first of all, don't own any BTC. Its obviously a bad investment, don't own any, period. So that rules out using Coinbase, Binance, and Unregulated Casinos such a BitMEX.
Secondly, you need atleast $10,000 to compete with the big boys in this space. You need to be able to make money no matter which direction the market moves. So you will need to be able to go LONG and SHORT. So you will need to use CME Futures for Bitcoin. That is how institutions profit off of the stupidity of Bitcoin Moon-Boy Bulls.
Bitcoin has no chance of becoming an actual currency that can be used as a means of exchange. When the price was $20,000, there were only a couple hundred thousand transactions per day. Yet the fees were over $50 and took a day to process. This is worse than dial up. Bitcoin is a virus that infects and spreads through human greed. It was first discovered in 2010 and after the evil scientist "abandoned it" (yeah I wonder why), it has since spread to millions of unfortunate, desperate, and greedy victims. I would compare it to AIDS instead of rat poison. Because you acquire both by making bad choices. Once the virus reaches its peak where it cannot multiply any further (from environmental factors preventing it from scaling) it contrasts at the rate in which it expanded from. Meaning, $2000 is not an "IF" but a "WHEN".
Your average Bitcoin "Investor" (More like Expensive Lottery Ticket Player) has less than $500 invested. These Alt coin Fanboys are just as greedy and naive as the Bitcoin Believers but atleast they realize that they were too late to the game so the only shot they have to make millions is to believe in "centralized currency's" which are nothing more than penny stocks. Only Penny Stocks have actually investors who have a stake and say so in the company, you have no say so in owning either of the 3000 some turds on Coin Market Crap.
Secondly, you need atleast $10,000 to compete with the big boys in this space. You need to be able to make money no matter which direction the market moves. So you will need to be able to go LONG and SHORT. So you will need to use CME Futures for Bitcoin. That is how institutions profit off of the stupidity of Bitcoin Moon-Boy Bulls.
Bitcoin has no chance of becoming an actual currency that can be used as a means of exchange. When the price was $20,000, there were only a couple hundred thousand transactions per day. Yet the fees were over $50 and took a day to process. This is worse than dial up. Bitcoin is a virus that infects and spreads through human greed. It was first discovered in 2010 and after the evil scientist "abandoned it" (yeah I wonder why), it has since spread to millions of unfortunate, desperate, and greedy victims. I would compare it to AIDS instead of rat poison. Because you acquire both by making bad choices. Once the virus reaches its peak where it cannot multiply any further (from environmental factors preventing it from scaling) it contrasts at the rate in which it expanded from. Meaning, $2000 is not an "IF" but a "WHEN".
Your average Bitcoin "Investor" (More like Expensive Lottery Ticket Player) has less than $500 invested. These Alt coin Fanboys are just as greedy and naive as the Bitcoin Believers but atleast they realize that they were too late to the game so the only shot they have to make millions is to believe in "centralized currency's" which are nothing more than penny stocks. Only Penny Stocks have actually investors who have a stake and say so in the company, you have no say so in owning either of the 3000 some turds on Coin Market Crap.
How can Bitcoin Sustain even 10% of the worlds population (800 Million) if it can't even process a few hundred thousand transactions a day without fees costing more than the amount?
bitinfocharts.com/co...actionvalue-btc.html
The only time the average transaction size increases is when a mania occurs when people are throwing money at it trying to get rich. Nothing more than playing at the casino where its not uncommon to see tens of thousands of dollars being bet on some stupid cards. This is just money bet on stupid "coins".