Bitcoiners Have Cassandra’s Curse
While being armed with knowledge is powerful, it can be frustrating for Bitcoiners who see the solutions to the world’s monetary woes.This is an opinion editorial by Mark Maraia, an entrepreneur, author of “Rainmaking Made Simple” and a Bitcoiner.Legend has it that there was once a princess of Troy named Cassandra, the daughter of King Priam and Queen Hecuba, sister to Hector, the prince of Troy who famously fought Achilles (of heel-related fame). The god Apollo fell in love with her and in an attempt to woo her, he gave her the gift of being able to see the future.....
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Bitcoin has suffered heavy losses along with most of the crypto market following the flash crash that happened on El Salvador’s “Bitcoin Day”. The digital asset has been trying to recover from this loss since it occurred two days ago on September 7th. Part of the cause of the crash has been attributed to a “buy the rumor, sell the news” event triggered by the adoption of bitcoin by El Salvador. But the charts show another factor that led to the crash. Related Reading | Standard Chartered Takes Bullish Stand On Ethereum, Puts Price At $35,000 If anything, the official implementation of....
September has been a historically bearish month for bitcoin and the rest of the crypto market by extension. Back in 2021, bitcoin’s deviation from expected market trends had sparked hope that it would break the September curse, but alas, it followed it to a T. This is why with the new month already ushered in, there are expectations that the price of BTC will continue to dive and likely reach lower trends as it enters the worst of the bear market. Analyst Says Brace For Impact One of those who have referred to the September curse in their analysis of the price of bitcoin is Scott Redler,....
In order to truly bring about the adoption of bitcoin, Bitcoiners need to be able to explain its benefits in ways everyone can understand.
As countries compete to attract well-heeled Bitcoiners, the orange wave appears increasingly seductive.