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72 sats \ 4 replies \ @nikotsla 16 Oct 2023 \ on: deleted by author bitcoin
This is a good picture of how they can "manipulate" signals only using the media, we are going to see a lot of noise in the communication channel. I see the price stable 1 BTC = 1 BTC, and the purchase power is only limited by the merchant integration with bitcoin as a medium of payment.
How do we know it's really manipulation and not just a lot of retail investors buying because of the news but then getting scared and selling again when other entities like whales don't believe the news and start to sell?
Is that really "manipulation" or just how markets work?
Or are you saying something else happened?
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Could be a lot of retail investors buying, but still the signal was a "news", no confirmation/verification in any way. The reaction of a retail need more time, this short burst are always related with bots.
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I totally understand you. But please be aware that some of us are dependent on the price of bitcoin in fiat terms. Time to time it is necessary to sell some sats for cover my expenses. Although the total amount of sats that I am holding is increasing. In the long run I agree that 1 BTC = 1 BTC. Because it is true and undoubtable. However, in short term I am heavily dependent on the fiat value of BTC since more than 90% of my net worth is stored in this asset. Hope I could point out the essence. 🙏🤙
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Sure, that is why I point to the real solution, merchant integration, so you don't have the extra step to "sell" btc to pay for services. We remove the middle shitcoin.
We need to push for hyperbitcoinization.
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