Quote:
Originally Posted by offrdmania
Early adopters/miners of Bitcoin had an influence on the watch market because they bought/mined when Bitcoin was super cheap, when it was in the hundreds of dollars per coin or less and then sold at the top a few years ago when it hit 60K. Since that point, Bitcoin has been a bad investment because it has only come down and even this most recent spike has been minimal and unless you are dropping millions into it, your earnings will be small.
Those early adopters purchased luxury goods because at the time, this was the only category that would accept Bitcoin as a currency.
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bitcoin would definitely affect the total market cap of things as it makes liquidation and trade faster , i was like you once when bitcoin is at is all time high one can convert to USDT so that you don't loose the value and buy back after it drops , I learned this strategy from tellcrypto dot com after I lost 7btc while trying to convert my watches to bitcoin and I paid a fake platform , tell crypto waited for them to move the funds to another wallet and apprehended them via exchange .if anyone apply the strategy of converting crypto at all time high to usdt or invest in HFM then buy back when it hit bottom low ,i am at my fourth season