How To Maximize The Privilege Of Holding Bitcoin
Although Bitcoin appears to be infiltrating the mainstream, only those who understand it deeply will truly reap its benefits.Laurence Newman is the cofounder of Coinmama, a bitcoin exchange. Since this time last year, the number of wallets holding bitcoin has grown by a whopping 8 million, with this growth accounting for over 20% of all 38 million bitcoin wallets in existence. This adoption trend shows no signs of slowing down, as our news feeds continue to fill up with stories about institutional investors and Fortune 500 CEOs diving into Bitcoin. Both the statistics and the stories....
Related News
NFT and decentralized finance (DeFi) asset owners who are interested in putting their assets to work and intend to maximize passive returns without having to sell their holdings may be able to leverage them as collateral. They may use the funds acquired to benefit from arbitrage opportunities, purchase another asset with significant upside potential, and […]
As the market has recorded dip after dip, uncertainty has washed over investors. This has led to searches for other ways to grow crypto holdings without just being at the mercy of market trends and holding for the long term. To aid investors, Bitrue has announced the launch of two new investment features on its […]
ThinkProgress has published a blistering critique of bitcoin called Bitcoin: By The Privileged, For The Privileged. It's full of misunderstandings, misinformation, and, most distressingly, a few points that are actually really spot-on and important for bitcoin foes and friends to understand. The piece points out the unfortunate fact that bitcoin is now primarily held and used by the most privileged people. This is unfortunate because its greatest promise, I would argue, is for the people at the bottom. The fallout from an argument made ignorantly is that people who know better then feel....
Bitcoin is fortifying at the top limit of a short-term flat. In order to maximize the possibility of a turn to growth, the market has to form an upward turnaround structure. Will an upward trend start soon? Bitcoin’s fortification in a zone profitable for the bears means that the bulls are currently holding the advantage, or, alternatively, there is a lack of interest from the majority of the bears at this level. One way or another, the current structure is a signal of an upcoming turn. The lack of interest from bears at this level could provoke a trend towards the next more significant....
*This article originally appeared at Bitcoin Not Bombs. With the media frenzy in full tilt after the closing of MtGox, there have been quite a few articles coming out declaring the death of bitcoin and an equal number reassuring us that it will be just fine. I won't link to the former ones because they're so painfully uninformed and rely on tired scare tactics. I have come across one article of a different vein, though, and it seeks to bring in thetoxic philosophy of privilege checking as a critique against the Bitcoin community. I could wax philosophic about the specific problems with the....