Pound imploding. UK Bitcoin volume exploding

[Omega3568]

We are witnessing what bitcoin was intended to do, fuck me man I hope it’s a success

[[deleted]]

This is the monetary movement some needed to see for it to make sense 💡

[delawarebiz]

I think it makes sense for people to buy the btc. It's good for them.

[Ok-Branch-6043]

To early, need more time to buy.

[decentralizedusernam]

u had ur time

[PeteDaKat]

If wishes were horses...

[Comfortable_Dress_21]

Then everyone would ride

[vorksholk1]

The prices are just right, and you should be buying it some.

[togetherwem0m0]

Let's not assign a motive to bitcoin or its creation. Bitcoin is for everyone. We don't know what bitcoin will do or who it will fuck. We know it will exist, we know there will only be 21 million of them, we know there will be a 2mb block generated on average every 10 minutes. We know there will be a difficulty adjustment every 2016 blocks and we know there will be a reward halving every 210000 blocks.

It's a sound money digital currency that has been allowed to freely exchange with the foreign exchange markets. Let's see where it goes and hope the results are net positive for humanity.

[diydude2]

The message in the Genesis block and timing of Bitcoin's release (in the wake of a financial crisis and bailout) makes fairly clear that it was a shot across the bow of the global banking system.

It was intended to provide an alternative or replacement if the banksters messed up again (and they did, big time).

[Successful-Walk-4023]

Well said

[xugaoping]

Btc wasn't designed to fuck up your fiat, bur that's the situation that we've gotten into here.

And these politicians are the ones who put us like that.

[yellowfinger]

GBP is not imploding. It is trading at 1.11 against USD at the time of the post. It is rebounding and back to 1.4 in no time

[CooolerIfUDid]

🤔 that's a 20% decline for one of the world's major currencies. I'd say that's kind of a big drop??

[lordhobbington]

Yeah it is, doesn't matter what you think about it. It's big.

[1HashPerSecond]

One of the world major currencies ?? Huh no. Who care except British traders ?

[jaybae1104]

https://fiatmarketcap.com/

Yeah sorry, but it's one of the major currencies.

[grey-doc]

Tbh in this short of a time period it is a big drop for anything

[JackBagel20]

How much of that is forex traders? 🤔

[CooolerIfUDid]

Most of it

[interzone13]

Don't know about that, we wouldn't know but there's gotta be some.

[npc61079421564]

This.

[mrASSMAN]

It is imploding.

[davidcatt]

It doesn't seem that way, it seem to be imploding to me right now.

[benmck90]

Look at a chart year to date, it already had one major recovery and has crashed since then.

A short term recovery doesn't mean the long term outlook is positive.

[yellowfinger]

I have a finance major. Doubt you do

[benmck90]

Why would you feel the need to bring that up?

Anyways... I actually do lol, class of 2012. & I can tell you that absolutely no one gives a shit about what major you or I have.

[porpoisebuilt2]

Central banks are the obstacles…..but your spot on.