B1tR0y on Nostr: PSA: You don't actually buy #bitcoin until you withdraw it from the exchange to ...
PSA: You don't actually buy #bitcoin until you withdraw it from the exchange to addresses you control. It doesn't exist until that TX is confirmed on #btc L1. In fact until then, you are unintentionally suppressing the $ value of #bitcoin while the CEXs over sell their stack.
Published at
2023-02-17 22:14:20Event JSON
{
"id": "dad83e52ae2d7c3588f8b2b3ac5af89fddb13ddc44f58553a885f443514e3e7c",
"pubkey": "294fa9e6631bd404d39b3e4d5712e135e6f4d8b4c37e7f9dd7912c7af11e354a",
"created_at": 1676672060,
"kind": 1,
"tags": [],
"content": "PSA: You don't actually buy #bitcoin until you withdraw it from the exchange to addresses you control. It doesn't exist until that TX is confirmed on #btc L1. In fact until then, you are unintentionally suppressing the $ value of #bitcoin while the CEXs over sell their stack.\n\nhttps://i.imgur.com/2q3BaSs.jpg",
"sig": "9c896ca7dd17ca6b0ea5face53a3443c6f75980ef0abe13e06c7ed9736a39e87f92dc1376d76078fa990a1f72e0d52e006d1369713006beb68910290156ddfe9"
}
