BTC is doomed after all the hype it is going too HELL, Do you really think the governments will let cryptos take off and take over money that can be tracked and taxed? i dont think so and if you are 1 of them crypto believers you will be crying when it comes crashing down! Crypto is just a fad that wont last... you heard it here 1st :p
We can see price is following a trend line DOWN and has recently touched this TL in a old support turned resistance zone so bears are still very strong and will push price down even lower.
Well... Crypto can be tracked and therefore, also be taxed, much better than fiat. Especially much better than cash. Thats why you will be seeing national cryptocurrencies in the not so far future, i promise you.
When it comes to Bitcoin, the actual price fluctuations are business as usual. As well as the doomsayer sentiment that is beeing spread, during bear market cycles, as we can see in your post.
That is why the average Joe will always keep on buying the top and selling the bottoms. Therefore it is the speculative asset that it is today. Just another financial instrument to make the the rich ones, even richer.
FX_Mafia
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@biberfeind57800a4444f544df, You have a good point, i just cant see it standing the test of time.
GranitLika
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You were probably the ones that bought BTC at 20k and now crying. No one can stop bitcoin, its up 200% so far this year so grow up it has to retrace at some point. You dont understand how money works go learn about crypto first. Money cant be printed forever.
FX_Mafia
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@GranitLika, Thats correct crying in my mums basement whilst w@nking off into an old crusty sock... but shhhh please dont tell anyone ;p
When it comes to Bitcoin, the actual price fluctuations are business as usual. As well as the doomsayer sentiment that is beeing spread, during bear market cycles, as we can see in your post.
That is why the average Joe will always keep on buying the top and selling the bottoms. Therefore it is the speculative asset that it is today. Just another financial instrument to make the the rich ones, even richer.