7/3/2023 0 Comments Bitcoin bar portugal![]() The first customers to pay in bitcoin at a beach bar in Taihutas in Lagos, Portugal On Thursday, bitcoin posted its worst quarterly loss in more than a decade. The chaos has stunned investors, eroding more than $2 trillion in value in a matter of months – and eroding the life savings of retail traders who bet big on crypto projects billed as safe investments. ![]() It’s been a few months for the crypto market, as token prices have plummeted and some of the most popular companies in the industry are going belly up. The family’s faith has been tested in the last one year. “I think it will take me about six months, and I have this whole beach to accept bitcoin,” he said. Lightning is a payment platform built on top of the base layer of bitcoin that enables virtually instantaneous and low-fee transactions. He also plans to spread the gospel of bitcoin by converting all vendors along that stretch of sand into electricity-friendly retailers. Taihuttu’s latest project is running a bitcoin bar on one of the most popular beaches in Lagos, to “lead by example”. But after spending time in 40 countries, he decided to make some roots in Portugal – one of the last places in Europe with a 0% tax. Over the past six years, the Dutch family of five has traveled the world. ![]() “Gradually, people will understand that being in bitcoin and hodling is always more profitable than trying to hold on to an altcoin that will grow thousands of times,” Taihuttu said. Taihuttu told CNBC that his portfolio has grown by more than 2,000% over the past six years. Their investment strategy has worked out very well so far. ![]() And right now, according to Taihuttu, is “the last buying moment.” Taihuttu – One who studies crypto market price charts and follows popular indicators such as mayor multiple – In the current price cycle, bitcoin will be down somewhere between $15,000 to $20,000, before jumping above $140,000 by 2025. It’s a wonderful opportunity.” Hogan continued. If you have a time horizon measured in years, then yes, it is worth thinking about entering the market. “If your time frame is a week, or a month or a quarter, I think there is still significant volatility. Matt Hogan, chief investment officer at Bitwise Asset Management, said in an interview, “There is still one aspect to crypto that we are waiting to see if another shoe will fall, if another institution will fail, if The credit cascade will continue.” , In the last crypto winter of 2018, bitcoin lost more than 80% of its value and then rebounded, eventually reaching its all-time highs last year. Over the past decade, bitcoin has experienced two long periods of depressed prices before rallying. Romain and Jolie Taihuttu on a beach in Lagos, PortugalĮxtreme volatility is the price of trading in the digital asset market. “The $55,000 for me was a confirmation that we would be short,” Taihuttu continued. Taihutu told CNBC that he sold about 15% of the family’s total bitcoin holdings when the price dropped to $55,000 in late November. Along the way, Taihutu exited his bitcoin position and later bought back, trading his coins at an opportune time.
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