The day was used to allow the attendants to experience firsthand Bitcoin being used as a legitimate payment system. This was met with positive reviews from both the vendors and customers alike.<\/p>\n\n\n\nAttendees seen using their Bitcoin Beach Wallets at a small vendor to purchase a drink. (Bitcoin Beach)<\/a><\/figcaption><\/figure>\n\n\n\n
On the last day of the event bought all countries (over 90 participants) to Bitcoin Beach, El Zonte, El Salvador. This is the zone for which the Bitcoin Beach Wallet was built.<\/p>\n\n\n\n
The day was used to allow the attendants to experience firsthand Bitcoin being used as a legitimate payment system. This was met with positive reviews from both the vendors and customers alike.<\/p>\n\n\n\nAttendees seen using their Bitcoin Beach Wallets at a small vendor to purchase a drink. (Bitcoin Beach)<\/a><\/figcaption><\/figure>\n\n\n\n
On the last day of the event bought all countries (over 90 participants) to Bitcoin Beach, El Zonte, El Salvador. This is the zone for which the Bitcoin Beach Wallet was built.<\/p>\n\n\n\n
The day was used to allow the attendants to experience firsthand Bitcoin being used as a legitimate payment system. This was met with positive reviews from both the vendors and customers alike.<\/p>\n\n\n\nAttendees seen using their Bitcoin Beach Wallets at a small vendor to purchase a drink. (Bitcoin Beach)<\/a><\/figcaption><\/figure>\n\n\n\n
<\/p>\n","post_title":"Robert Kiyosaki Bullish On Bitcoin, Waiting For A $9K Buy In","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"robert-kiyosaki-bullish-on-bitcoin-waiting-for-a-9k-buy-in","to_ping":"","pinged":"","post_modified":"2023-04-11 00:17:06","post_modified_gmt":"2023-04-10 14:17:06","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5267","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5153,"post_author":"1","post_date":"2022-05-22 21:17:20","post_date_gmt":"2022-05-22 11:17:20","post_content":"\n
Timing the market is a dangerous game with too many variables in play, and although Bitcoin hasn't reached Kiyosaki's bottom, yet, and it is unlikely that it will, in these times anything is possible.<\/li><\/ul>\n\n\n
Since Kiyosaki's tweet, Bitcoin has held its price relatively steadily, with a difference in the price of <1%. To reach Kiyosaki's bottom it will need to decrease and lose at least 68% of the current price, dropping from a current market cap of $548.4B to a market cap of $171.4B.<\/li><\/ul>\n\n\n\n
Timing the market is a dangerous game with too many variables in play, and although Bitcoin hasn't reached Kiyosaki's bottom, yet, and it is unlikely that it will, in these times anything is possible.<\/li><\/ul>\n\n\n\n
Since Kiyosaki's tweet, Bitcoin has held its price relatively steadily, with a difference in the price of <1%. To reach Kiyosaki's bottom it will need to decrease and lose at least 68% of the current price, dropping from a current market cap of $548.4B to a market cap of $171.4B.<\/li><\/ul>\n\n\n\n
Timing the market is a dangerous game with too many variables in play, and although Bitcoin hasn't reached Kiyosaki's bottom, yet, and it is unlikely that it will, in these times anything is possible.<\/li><\/ul>\n\n\n\n
Since Kiyosaki's tweet, Bitcoin has held its price relatively steadily, with a difference in the price of <1%. To reach Kiyosaki's bottom it will need to decrease and lose at least 68% of the current price, dropping from a current market cap of $548.4B to a market cap of $171.4B.<\/li><\/ul>\n\n\n\n
Timing the market is a dangerous game with too many variables in play, and although Bitcoin hasn't reached Kiyosaki's bottom, yet, and it is unlikely that it will, in these times anything is possible.<\/li><\/ul>\n\n\n\n
As markets typically move with Bitcoins price, altcoins have been hit the hardest, losing over US$137 billion within the past week. The crypto market cap sits at a mere US$845 billion down from US$2.9 trillion back in November of 2021.<\/li><\/ul>\n","post_title":"Bitcoin Drops To $19,000, Ethereum To Below $1,000","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"bitcoin-drops-to-19000-ethereum-to-below-1000","to_ping":"","pinged":"","post_modified":"2023-04-11 00:14:28","post_modified_gmt":"2023-04-10 14:14:28","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=5713","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":5704,"post_author":"1","post_date":"2022-06-16 22:11:49","post_date_gmt":"2022-06-16 12:11:49","post_content":"\n
Bitcoin's previous all-time high was back in December 2017, hitting $19,834, this price was never breached prior to the current bear market.<\/li><\/ul>\n\n\n
Early Saturday morning bought new lows for Ethereum and Bitcoin. Ethereum reached a low of $987 and Bitcoin dropped to $18,926 according to CoinMarketCap.<\/li><\/ul>\n\n\n\n
Bitcoin's previous all-time high was back in December 2017, hitting $19,834, this price was never breached prior to the current bear market.<\/li><\/ul>\n\n\n\n
With the markets experiencing extreme turmoil, both Bitcoin and Ethereum have dropped below their previous all-time highs.<\/p>\n\n\n\n
Early Saturday morning bought new lows for Ethereum and Bitcoin. Ethereum reached a low of $987 and Bitcoin dropped to $18,926 according to CoinMarketCap.<\/li><\/ul>\n\n\n\n
Bitcoin's previous all-time high was back in December 2017, hitting $19,834, this price was never breached prior to the current bear market.<\/li><\/ul>\n\n\n\n
Ruchir Sharma believes that bear markets last typically a year and see a 35% drop in stock prices, and \u201cthis current bear market is less than a year old and the S&P 500 has fallen by just 20%.\u201d Adding \u201cI\u2019m not willing to call the bottom as of yet on bitcoin and cryptocurrencies. The U.S. bear market regime, which is the driver of risk appetite around the world, is still very much in play.\u201d<\/li><\/ul>\n\n\n
Sharma adds that \u201cThe dependence on the U.S. dollar in general cannot continue \u2026 There is a need for having another currency out there with some transactional need, which is a bit more stable in value \u2026 Three to five years from now, hopefully [bitcoin] will emerge as a more stable asset.\u201d<\/li><\/ul>\n\n\n\n
Price data from 2018-19 was compared to price data from today showing a similar benchmark where \"Bitcoin is at a discount within an elongated bull market.\"<\/li><\/ul>\n\n\n\nBitcoin Price Data. Source: Bloomberg Intelligence<\/figcaption><\/figure>\n\n\n\n
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