On Tuesday, December 17th, Bitcoin quietly reached the 100,000 USD mark, which made its value spiral into free fall ever since.
As someone who once engaged with this bubble from a different perspective, I still understand the mythical value this value holds.
Not only does this swift rise and even swifter drop demonstrate the classic “bag holding” and “whale” behavior of scams, but also does it show how cryptocurrencies are an asset and should be treated as such. The main context I've ever heard people talk about Bitcoin, is for investments, not the usability of a decentralized coin.
Erik Uden 🦣🍑:coffefied: /
npub1hc…wagvy
2024-12-26 12:04:47
Author Public Key
npub1hclp94gjm5ulucx9jehmsuddrlpx3klhw3rdhs240msak7hj50usewagvyPublished at
2024-12-26 12:04:47Event JSON
{
"id": "76de23af8683cb991ca2a45ce22231b17277610f3bf85f10a2002d154d916e61",
"pubkey": "be3e12d512dd39fe60c5966fb871ad1fc268dbf77446dbc1557ee1db7af2a3f9",
"created_at": 1735214687,
"kind": 1,
"tags": [
[
"proxy",
"https://mastodon.de/users/ErikUden/statuses/113719029775978731",
"activitypub"
]
],
"content": "On Tuesday, December 17th, Bitcoin quietly reached the 100,000 USD mark, which made its value spiral into free fall ever since.\n\nAs someone who once engaged with this bubble from a different perspective, I still understand the mythical value this value holds.\n\nNot only does this swift rise and even swifter drop demonstrate the classic “bag holding” and “whale” behavior of scams, but also does it show how cryptocurrencies are an asset and should be treated as such. The main context I've ever heard people talk about Bitcoin, is for investments, not the usability of a decentralized coin.",
"sig": "6b77c5c7477de0834e41c1d5e869cf23e6d13318c9267186204603a5be57b07cde03fd1bb872e74b55bdf2c28f36f9794f3bc6dd5c2633a1fdebb84e3cbcafb4"
}