@Richburst9, Where the hell is everyone getting this 10k number lol. I feel like I'm in an echo chamber around here with all these bears. Did Bitcoins fundamentals change? NO! Did Bitcoin get hacked? NO! Does Bitcoin still have a finite supply? YES! Has Bitcoin outperformed every asset on the planet ever in history? YES! Is Bitcoin adoption growing every second? YES! Are institutions buying? YES Are ETF/ETPs being created for BTC? YES! Are new regulations constantly being drawn up? YES! So tell me why is Bitcoin overvalued in your opinion at this time? Not charts but the actual question why is Bitcoin overvalued in your opinion and why should its value drop to 10k which people though it was worth in 2017? Real question!
@Bitgolder, To its evangelists, bitcoin is a frictionless, empowering form of money that liberates citizens of the world from the shackles of banks and national governments. To sceptics, the cryptocurrency is a tool of kleptocrats and gangsters, environmentally monstrous in its consumption of energy, a digitally glamorised Ponzi scheme whose eventual crash will most hurt those least able to afford a loss.
Bitgolder
⋅
@Holy0ne, Fair enough thank you for your perspective
Holy0ne
⋅
@Bitgolder, I didn't write it but I found i think it sums up the general feeling of bitcoin in the world just now. Personally I think it's getting close to consider going long ?