[Bring_Back_Shantz]

Originally Posted by dino7c

Come on now, you saw it dropped and came here and your first post was a smug comment...something you call me out on the other way don't lie.

Its dropped because no asset class just goes up in a straight line...NVIDA is down 4% today. the fact that the drop stopped in the 100K US range is incredibly bulish for the future of Bitcoin.

From the article you posted:

Macro investor Jordi Visser describes this phase not as a market failure but as Bitcoin’s “IPO moment.” In traditional finance, early investors reduce exposure when a company matures and institutional capital steps in. The same appears to be happening with Bitcoin today. Unlike previous cycles, selling from large holders is no longer crashing the price.

I also know for a fact some of these big whales are "crashing the price" to buy more on sale...they know 1M BTC is here in the next 5 or so years.

As for practicle use...I could send 1M directly to someone in another country a couple minutes, try that with your bank....see you in a week.

1) No you can't. You can send someone $1M worth of bitcoin. That may or may not be worth $1M tomorrow. And they may or may not be able to turn that into $1M on a reasonable timeframe.
I can send anyone $1M in any number of ways if we aren't actually talking about sending them $1M.

2) I don't think I would say "I can send people $1M" is exactly a practical use. I would call that an edge case, as I would think most people are dealing in transactions on a slightly smaller scale.