the run up was not as parabolic as the last time so maybe the correction this time wont have as much downward momentum and the price honors the yellow line.
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
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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.
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demand has been waning in 2018... no one knows where the descent stops
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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.
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It already is. Tons of Brian Armstrongs etc have it in their 401k.
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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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Maybe - but I know you can have a self directed precious metal IRA where you are the keeper of the metal. I assure you - you can do the same thing with BTC. In any event - if you have 10 years? the taxes won't mean as much to your retirement on $1 million+ BTC price.
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401K plans are a little different than self directed plans. The administrator and the custodian are different. Funds have to be separated. It’s a good thing to allow the workforce to have it included in their plans. Even if they don’t own it or have the keys. The wealth of /1
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The millenials and gen Z is better served by having bitcoin included. Both generations are far bigger than gen x and the boomers. And as demographics combine with money flows not only will the stock market go up but anything they are investing in. bitcoin will be part of it /2
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