The profits do not actually depend on long term appreciation of the asset’s value. In this regard, we are thinking this. Can you predict Bitcoin ups and downs? And is Bitcoin more suited to market timing and trading or investing and forgetting about it?
In the aftermath of crypto winter regulators are busy cleaning up after crypto excesses and outright fraud. Bitcoin took a big hit and has now recovered to more than half of its 2021 peak. Nevertheless, there are now predictions that private digital tokens are on their way out.
Just how much either or both of these things would help Bitcoin is uncertain. It occurs to us that one might buy on the rumor and sell on the news with Bitcoin.
A comment by a Binance employee was that one could barely buy an AK47 with what they sent. So, how many AK47s did Hamas buy with crypto and were they used in the attack on Israel that killed over a thousand people and caused Israel’s retaliatory invasion with thousands of deaths?