I agree Steven. It still could and with good reason IMO.

So you view it as a hedge against the dollar ? I can see that but I think there are better hedges with much less volatility.

LOL Yeah just a bit of vol !!




Yep I think the biggest liability is political

Can't help but wonder how much Elon's statement affected this cryptos overall are down 9% over 24hrs

Bitcoin falls below $54,000 as derivatives positions worth over $1 billion are liquidated
by Yogita Khatri
February 22, 2021, 7:55AM EST · 1 min read

The price of bitcoin has fallen below $54,000 from nearly $58,500 on Sunday as derivatives positions worth more than $1 billion get force liquidated by crypto exchanges.

About $1.50 billion worth of open interest was liquidated by crypto exchanges in the last 24 hours, according to tracker Bybt.com. In other words, crypto exchanges liquidated traders' overleveraged positions.

Traders overleverage, or trade on margin, thinking that bitcoin's price would go up and they would benefit more. But when bitcoin's price goes below the liquidation price of their positions, exchanges force liquidate or close their positions because traders cannot fulfill margin requirements of their leveraged positions.

"In the past weeks, a lot of accumulation on the long side happened, so traders should expect such correction events," Bitfinex CTO Paolo Ardoino told The Block, adding that such corrections are "normal."

Most of the liquidations occurred on Binance, followed by Huobi and Bybit. While in terms of crypto assets, bitcoin positions formed most liquidations, followed by ether (ETH) and XRP.

Bitcoin is currently trading at around $53,400, according to tracker TradingView. Meanwhile, ETH is trading at about $1,775.
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XRP & XLM Friends

Been looking for articles all day and finally this pops up...

If any of you think the stock market is any different your kidding yourself.

Watch and see, XRP and XLM is going to create a bunch of millionaires in the coming years