Scary chart. If you make “Store of Value” the key use case for Bitcoin, then when volatility is high and it’s not storing value well, demand drops. Why is this a surprise?https://twitter.com/btcnewsupdates/status/966735409488252928 …
Cryptocurrency Analyst. Bitcoin, not Blockchain. Angel Investor. Previously @Princeton.
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
Add this Tweet to your website by copying the code below. Learn more
Add this video to your website by copying the code below. Learn more
By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy.
| Country | Code | For customers of |
|---|---|---|
| United States | 40404 | (any) |
| Canada | 21212 | (any) |
| United Kingdom | 86444 | Vodafone, Orange, 3, O2 |
| Brazil | 40404 | Nextel, TIM |
| Haiti | 40404 | Digicel, Voila |
| Ireland | 51210 | Vodafone, O2 |
| India | 53000 | Bharti Airtel, Videocon, Reliance |
| Indonesia | 89887 | AXIS, 3, Telkomsel, Indosat, XL Axiata |
| Italy | 4880804 | Wind |
| 3424486444 | Vodafone | |
| » See SMS short codes for other countries | ||
This timeline is where you’ll spend most of your time, getting instant updates about what matters to you.
Hover over the profile pic and click the Following button to unfollow any account.
When you see a Tweet you love, tap the heart — it lets the person who wrote it know you shared the love.
The fastest way to share someone else’s Tweet with your followers is with a Retweet. Tap the icon to send it instantly.
Add your thoughts about any Tweet with a Reply. Find a topic you’re passionate about, and jump right in.
Get instant insight into what people are talking about now.
Follow more accounts to get instant updates about topics you care about.
See the latest conversations about any topic instantly.
Catch up instantly on the best stories happening as they unfold.
Vinny Lingham Retweeted Bitcoin Cash (BCH) News Updates
Scary chart. If you make “Store of Value” the key use case for Bitcoin, then when volatility is high and it’s not storing value well, demand drops. Why is this a surprise?https://twitter.com/btcnewsupdates/status/966735409488252928 …
Vinny Lingham added,
Bitcoin valuation as "Store of Value" is unsustainable at these levels if it's not usable as currency. That's just economically impossible. Big valuations have to be supported by big money, but investors with big money are not interested in low liquidity overvalued markets.
There are people in the room who couldn't sell their bags without driving the price down by 30%+ if they would want to liquidate. Ask any smart big investor what they think about "Store of Value," and they'll laugh like forget about it. The market has zero liquidity to be SoV.
Today it ISN’T a store of value, but a speculative probabilistic bet. At 2-3T, we can talk about Store of Value with a more serious tone.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.