4 years ago
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Bitcoin Price Is Currently Sitting in Its Historic Top 2% Range
Bitcoin has only spent 63 days in its history where it closed above current price.This was the factoid posted by crypto-analyst Ceteris Paribus on Aug. 6, along with comparative data for selected altcoins. Which goes to show that despite unwarranted concerns from those who feel that BTC price should constantly be parabolic, Bitcoin is in rather rude health. Certainly when it comes to dominating alts.
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I remember when this concept was gonna revolutionize finance, democratize economy, releases monopoly of big banks, a world without currency blah blah etc etc
every time anyone ever dared criticize it, the evangelists would foam at the mouth, spewing fire and brimstone at any person that would dare question the inevitable utopia this godsend was destined to usher in
now, at best, as per this blurb - it’s just another commodity, peddled for its long term investment potential and it’s only trade use is that by smugglers for illegal trades