There is a Huge drop of Bitcoin's supply on Exchanges
If your bitcoin is on an exchange, you don't own it
What did you learn from the FTX debacle?!
Sure, we've learned that, but we've learned that if you let other people hold your bitcoin and perhaps lend it out, you don't actually own your bitcoin.
As Bitcoins flee exchanges in mass, many people are finally starting to realize this.
Check this out:
This is great news because it means fewer coins will be sold.
Space needs to be cleaned up and all these paper Bitcoins thrown away so that the true dynamics of supply and demand can be unlocked.
FTX has really created surplus bitcoins by allowing you to buy bitcoins when you don't actually have them...
They traded these bitcoins for altcoins...
I think they're not the only exchanges doing this...
World Cup 2022
Apart from the market like we just cannot do the market the whole time and to rest from that I would be spending much of my time on the world cup which is starting on 20th November 2022, Soccer or say Football world cup. 2 days from the time of writing this post we will have our first match to witness between Qatar and Ecuador itself.
The world cup is happening in Qatar and let's see how everything goes also, Hivebuzz is doing a contest you can say where you will be required to predict which team is going to win the watch not just win like what would be the results of the match like whether it will be a draw or a win and if you feel it is a win then for which team. There is also a prize pool of around 4500 HIVE which would be shared proportionally to the correct guesses. Top 3would be getting most of the sum, let's see how everything goes, I recommend if you have not registered yet you should, it would be a lot of fun if you're interested. If you are joining then I will see you there but yes, there is 1 HIVE registration fee so keep 1 hive in your wallet for that.
A thumbnail I created regarding this for my previous post, how is it? Any suggestions?
Thanks for going through the post and I hope you must have attained value from it and also, later on, enjoyed it, I am glad if you did. Rest, this all is not financial advice but rather my thoughts being shared here and also just for entertainment purposes. Keep having fun and remember the world cup, 20th November 16:00 UTC IG guess. Have an amazing rest of your day!
SANJAM
Posted Using LeoFinance Beta
I really don't believe in exchanges right from time because they compromise the idea of Bitcoin. Binance for instance as for personal details like Government identity card. Which makes me not to believe in the ideal of decentralisation.
Exactly, I am 1000% agreeing with you on this point. By the thought of "security", we are just giving are tokens to higher powers which is not decentralization at all if just giving again the power to higher authorities.
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