check out the highlights i addedpic.twitter.com/xzyKTwXAnP
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on and off ramps are secondary ask yourself why people are buying / demanding BTC in the first place That's what's important
Ppl need on and off ramps. They are not secondary but integral thru this transition. Let’s just get through this accumulation period. And if bitcoin breaks below $5800 alts including ETH will be crushed.
yes, they are needed, but ONRAMPS aren't what cause BTC price to go up *in and of themselves*. they are merely a useful tool AFTER people have decided in their brains to go and buy the stuff
Where are ppl going to buy bitcoin at. The on ramps. The more we have the more ppl can be served. And on ramps are created because there is demand. There is an incentive (profit) to get into that risk.
demand has been waning in 2018... no one knows where the descent stops
I’m not worried about where it stops. I don’t know either. The greatest risk is timing. It’s basically a self directed 401K. Millions of ppl in the US have a 401k and never look at a chart or know what they are buying. Maybe one day bitcoin will be 401k eligible too.
It already is. Tons of Brian Armstrongs etc have it in their 401k.
Maybe so. But for the rest of the US we have to have a custodian to keep the plan administrator from stealing the coins. Thats $5.3T in plans today and growing. Just 1% is $250B in new money.
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