LOL... BTC will never dump to zero or within anything close to that price range!
Too much emotion in that market... Besides it's code and actual usability, It's the granddaddy that will be responsible for first introduction, through to mass adoption of block-chain technology/Industry to the global population over many yrs to come.
We haven't even begun to appreciate just how much volume will be pumped into this market in future yrs during the process of mass introduction.
It's also going to be dumb money consistently entering on introduction to this new concept of decentralized financials as people begin to educate themselves, buying not because a graph says it's a good time to buy.
These aren't traders as majority of the population couldn't care less about timed entry/exits.
People are sheep and when the real money begins rolling into BTC during this transition, it's going to be people buying into the market just for owning some BTC & FOMO.
I personally only trade markets using TA, but the BTC market projection using TA combined with the magnitude of unchartered fundamentals & emotion, potentially on a scale like nothing else, is like playing darts in a cyclone when using TA to predict BTC range over the mid/long term.
Shorting this market on the next market cycle following this bullish run is crazy in my opinion.
This new dumb money over the coming yrs doesn't give a shit about your support/resistance zones or your fibbs indicator.
The shear volume erratically entering the market based on number of participants would be like reading a book in brail & anticipating the following page will make more sense than the page you just finished blindly fingering, which you were still able to see.
hdlr
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If you did any research about BTC you’d know it isn’t going to zero.
Too much emotion in that market... Besides it's code and actual usability, It's the granddaddy that will be responsible for first introduction, through to mass adoption of block-chain technology/Industry to the global population over many yrs to come.
We haven't even begun to appreciate just how much volume will be pumped into this market in future yrs during the process of mass introduction.
It's also going to be dumb money consistently entering on introduction to this new concept of decentralized financials as people begin to educate themselves, buying not because a graph says it's a good time to buy.
These aren't traders as majority of the population couldn't care less about timed entry/exits.
People are sheep and when the real money begins rolling into BTC during this transition, it's going to be people buying into the market just for owning some BTC & FOMO.
I personally only trade markets using TA, but the BTC market projection using TA combined with the magnitude of unchartered fundamentals & emotion, potentially on a scale like nothing else, is like playing darts in a cyclone when using TA to predict BTC range over the mid/long term.
Shorting this market on the next market cycle following this bullish run is crazy in my opinion.
This new dumb money over the coming yrs doesn't give a shit about your support/resistance zones or your fibbs indicator.
The shear volume erratically entering the market based on number of participants would be like reading a book in brail & anticipating the following page will make more sense than the page you just finished blindly fingering, which you were still able to see.