The increase in the liquidity of the FED in 2020 due to Covid has generated a turning point in the BTC.
Investors have gone from thinking of BTC as a risky asset to thinking that the risk is not having it, increasing confidence towards it.
Why is it so difficult to understand what Bitcoin involves?
Because it affects various mental models.
Thread.
The increase in the liquidity of the FED in 2020 due to Covid has generated a turning point in the BTC.
Investors have gone from thinking of BTC as a risky asset to thinking that the risk is not having it, increasing confidence towards it.
The BTC has gone from $400 to $40k in 5 years, which represents an annual return of 150%, 15 times more than the average stock market return.
This has been one of the largest and fastest creations of wealth in history.
The greater the scarcity of an asset, the greater its value.
As BTC becomes popular, its demand increases, while its supply does not vary. Which makes the price go up.
The BTC is decentralized.
Their trust is not based on the authority of a central bank, but on the cooperation of the population.
The greater the cooperation, the greater the trust and therefore the greater the value.
More and more investors think that the opportunity cost of not having BTC is greater than having it, and therefore they buy it and its price continues to increase.
MOFO thinking increases.
We are social animals.
The more popular BTC is, the more we think we should buy it, and this increases its popularity and its price, making more people want to join and buy.
In network-based systems, the first participant usually has a definite advantage over the followers.
There are other currencies similar to BTC, but its popularity means that the more people are connected to BTC, the more powerful it will be.
Fiat currencies are issued by the agent (central banks), who don't have the same incentives as the principal (the population), devaluing the currency.
Especially relevant in corrupt countries.
Globalization increases the impact of unforeseeable events. Covid in 2020 is a good example. Faced with all these events, safe haven assets increase in value.
The greater the crisis, the greater the value of the safe haven assets.
More from Crypto
We are actively working to launch on @binance Smart Chain #BSC .
To make this transition easy & understandable for everyone, we are answering most frequently asked questions here.
Ready? Go! 🔥
1/24
#DeFi #YieldFarming
Q1 - What are the benefits of holding the $VALUE token on the Ethereum Mainnet network? Give me reasons not to sell. Some are assuming that the VALUE token will be abandoned now that vBSWAP is being created. Can you clarify the use case for VALUE?
👉 $VALUE will always be a governance & profit receiving token of the whole ecosystem if staked in #vGov. With the new farming token on #BSC , gvVALUE holders will get extra rewards at BSC if they choose to bridge their gvVALUE to BSC & stake in gvVALUE-B/BUSD 98/2 pool.
Q2 - What do I need to do with my VALUE tokens that are staked in vGov? Is it OK to leave them in the vGov?
👉If you have VALUE but aren't staking in the vGov & you would like to participate in the BSC expansion, you will need to stake your VALUE in the vGov to receive gvVALUE.
If you are staking in vGov but don't see the correct gvVALUE amount in your wallet, go to vGov (https://t.co/udXn5IJtVx) to unlock your gvVALUE from the old contract. There will be a bridge from ETH to BSC to move gvVALUE and vUSD over.
To make this transition easy & understandable for everyone, we are answering most frequently asked questions here.
Ready? Go! 🔥
1/24
#DeFi #YieldFarming
Q1 - What are the benefits of holding the $VALUE token on the Ethereum Mainnet network? Give me reasons not to sell. Some are assuming that the VALUE token will be abandoned now that vBSWAP is being created. Can you clarify the use case for VALUE?
👉 $VALUE will always be a governance & profit receiving token of the whole ecosystem if staked in #vGov. With the new farming token on #BSC , gvVALUE holders will get extra rewards at BSC if they choose to bridge their gvVALUE to BSC & stake in gvVALUE-B/BUSD 98/2 pool.
Q2 - What do I need to do with my VALUE tokens that are staked in vGov? Is it OK to leave them in the vGov?
👉If you have VALUE but aren't staking in the vGov & you would like to participate in the BSC expansion, you will need to stake your VALUE in the vGov to receive gvVALUE.
If you are staking in vGov but don't see the correct gvVALUE amount in your wallet, go to vGov (https://t.co/udXn5IJtVx) to unlock your gvVALUE from the old contract. There will be a bridge from ETH to BSC to move gvVALUE and vUSD over.
Quick Thread on #Altcoins/ #Altseason
Step 1: $BTC has a huge correction. Every range starts with either a pump (or dump) and then follows with a dump (or pump). In this case, #Bitcoin pumped and is now pulling back. This is
Step 2: $BTC ranges big once it finds a bottom. This will allow it to reaccumulate for a big summer run in 2021. This is HEALTHY IMO.
Step 3: Once $BTC finds a bottom and starts to grind up again, I expect $ALTS to do very very well in both alt/usd and alt/btc pairs. ALTSZN is almost always characterized by strong alt/btc pairs moving- I've already accumulated most and have done my final buying today and more.
$BTC.D typically has a very nice time during this time of the year. I was off on December prediction bc I thought $BTC was going to pull back by then but oh well! #Altcoins will start their pumping time VERY soon now.
More information on what #Altseason is and $ALTS market
Step 1: $BTC has a huge correction. Every range starts with either a pump (or dump) and then follows with a dump (or pump). In this case, #Bitcoin pumped and is now pulling back. This is
If you want #Altseason, you should want $BTC to make a decent sized pullback. Ranges start after huge moves in both directions, IMO we need to see some cooling off before the ranging starts. Plz give 26k. #Bitcoin pic.twitter.com/yLG9xSrbKz
— Altcoin Sherpa (@AltcoinSherpa) January 3, 2021
Step 2: $BTC ranges big once it finds a bottom. This will allow it to reaccumulate for a big summer run in 2021. This is HEALTHY IMO.
Step 3: Once $BTC finds a bottom and starts to grind up again, I expect $ALTS to do very very well in both alt/usd and alt/btc pairs. ALTSZN is almost always characterized by strong alt/btc pairs moving- I've already accumulated most and have done my final buying today and more.
$BTC.D typically has a very nice time during this time of the year. I was off on December prediction bc I thought $BTC was going to pull back by then but oh well! #Altcoins will start their pumping time VERY soon now.
$BTC.D: This is the chart for inverse #Bitcoin Dominance, the macro chart you need to check out for #Altcoins and when they have their runs. Still potentially more pain to go for $ALTS but I'm thinking that they will turn around strong when $BTC is done w. its run. pic.twitter.com/Q8ewTSRywp
— Altcoin Sherpa (@AltcoinSherpa) December 27, 2020
More information on what #Altseason is and $ALTS market
Big #Altcoin thread for $ALTS: Where are we at in the cycle, how long do we have, is this #ALTSEASON, what are the relationships like, all of that. $BTC #Bitcoin $ETH $LINK #Altcoins pic.twitter.com/nwVjgZu4fw
— Altcoin Sherpa (@AltcoinSherpa) November 9, 2020
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This is NONSENSE. The people who take photos with their books on instagram are known to be voracious readers who graciously take time to review books and recommend them to their followers. Part of their medium is to take elaborate, beautiful photos of books. Die mad, Guardian.
THEY DO READ THEM, YOU JUDGY, RACOON-PICKED TRASH BIN
If you come for Bookstagram, i will fight you.
In appreciation, here are some of my favourite bookstagrams of my books: (photos by lit_nerd37, mybookacademy, bookswrotemystory, and scorpio_books)
Beautifully read: why bookselfies are all over Instagram https://t.co/pBQA3JY0xm
— Guardian Books (@GuardianBooks) October 30, 2018
THEY DO READ THEM, YOU JUDGY, RACOON-PICKED TRASH BIN
If you come for Bookstagram, i will fight you.
In appreciation, here are some of my favourite bookstagrams of my books: (photos by lit_nerd37, mybookacademy, bookswrotemystory, and scorpio_books)