/biz/ - Business & Finance

>>18984851
This is obviously essentially useless speculation but maybe keep this in mind:

$.0050 was obviously a key number, just like $.01 or $1 etc. it's a number that everyone was/is thinking about, it's a position where everyone sits back and looks twice into potential. It's the double take.

It fought below that number for a while, then it broke it, then dropped. But it dropped over the .0050. Rather than getting held back and submitting from resistance it ultimately broke it and found support. Obviously it's having issues making a breakthrough but remember this coin is a baby.

>>18415466
4chan is probably the most pro-crypto demographic you're going to find. I own a little.

If you missed it at advent, you missed it. I think people consider it a weird insurance policy play, but it's really just a volatile stock and much riskier than gold as insurance. I think others think it's this post-fiat dystopian currency, but the fact that we don't know where it all is and govt's can't control it makes that dubious. Though I think it will become more stable with age, I also think it will become obsolete/superseded when quantum/AI become a reality.

Chamath Palihapitiya I admire a lot, he claims to own about 5% of it IIRC, obviously bullish but also has a good finger on the pulse.