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Care to tell me where in the world you think BTC has a chance? El Salvador? Hong Kong with Three Arrow's Capital collapse? Russia with its collapsing economy?
by dragontamer 4y ago
Care to tell me where in the world you think BTC has a chance?
El Salvador? Hong Kong with Three Arrow's Capital collapse? Russia with its collapsing economy?
I admit I'm ignorant about many parts of the world. But the parts of the world that "matter" with regards to propping up the price of BTC, are the parts that have money. That narrows the list significantly.
* In Asia, there's China, Singapore, Japan, Philippines and a few others. I'm watching anime make fun of Blockchain (Japan), Three Arrows Capital blow up in Hong Kong, and Axie Infinity completely screw over working class Filipinos.
* Europe largely knows English and are just adjacent to the Anglosphere. (I'd expect the French and Germans etc. etc. to know about this whole crypto-nonsense by now as well)
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I guess I'm ignorant about India and some other corners of the world (and Indians know a lot about English anyway and would be adjacent).
Who in the world do you think can be brought into this cryptocoin nonsense now? Where can the cryptocoin world find "new converts", who have enough money to make a difference?
- Geee 4y agoIt's about understanding bitcoin. As long as more people understand it, more people will buy it. I've never seen anyone who understands bitcoin, but doesn't buy it. Especially in bear markets, people will focus more on learning what's it about, rather than speculating on the price. All the 'crypto' stuff can go. This is the opposite. When people understand them, they'll sell.
- dgfitz 4y agoI suppose you haven’t seen me per se, but I understand Bitcoin and the closest I’ve gotten to buying it was BITO puts 2 weeks ago.