1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

NotaPAWG

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I didn’t get in when you told me :mjcry:


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the bossman

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For anyone that was in the crypto game in 2017 what’s the main difference between then and now.
A lot.

2017 rise was primarily retail investors

This rise which started last Fall is primarily driven by big financial institutions.

They have different investing habits. Retail investors usually have weak hands which is why the market was so volatile. You're seeing less volatility because institutions hold for long term cause most of them don't do quick flips for a few K profit. They plan to hold this shyt for decade minimum. There will be pullbacks and dips along the way but don't expect to see that crazy 90% pullback shyt from the past anymore. BTC shorts have been getting rekt left and right

2017 was all speculation. There's way more legit infrastructure now around crypto. There's derivatives, futures markets, way more exchanges, way more on ramps. In 2017 you could only get in thru Coinbase or 2 or 3 other exchanges. There's actual regulation that helps banks have clear direction on what they can do with crypto

Now there's that + Cashapp, Robinhood, PayPal, investment funds for the rich, etc so the amount of money that's about to flood into this space this year and goin forward is going to be stupid compared to 2017.

There's much more adoption now. Banks are letting you buy Bitcoin thru their ATMs. The oldest Bank in America is now going to offer crypto custody services. Within the span of a week both Visa and Mastercard have said theyre integrating crypto into their networks.

There's the economic impact of Covid and the reckless government printing of dollars.

DeFi is exploding.

The richest man in the world just had his company invest 1.5 billion into BTC. This is nothing like 2017

If some play this right there's going to be several millionaires in this thread by end of this year
 
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