No matter how limited supply is there is no reason to be constant demand for BTC and with recent rally and popularity cryptocurrencies has reached maximum potential attention. There is a limited amount of people in world who can be interested in cryptocurrencies and it is almost reached. From now on total gambler will always decrease. The people who working on marketing cryptocurrencies will have harder and harder times with competing frustrated ex crypto gamblers.
Comment
⋅
Since crypto fanboys spammed some irrelevant comments. It could be misleading for others. This idea is not for short term. This is long term perspective. I am not saying BTC will crash today. But ofc it can. It is possible. With buying BTC you are taking ridicules risk. It wouldn't even worth it even it was possible for BTC to reach 100k$. Even though it is technically possible even current prices are not sustainable that would be ridicules rally. It is not like till when BTC was gaining popularity. From now on BTC will always lose popularity.
@vurnen, LOL, only a loser like you can put all of his money to crypto exchanges. I am pretty sure u also use usdt as dollar.
lonestar108
⋅
@alp696, People with self-respect, maturity, and actual trading plans don't call other people losers after asking for their attention by posting a chart. But angry children who buy tops and sell bottoms do. Your age, lack of experience, and raw bitterness aren't even subtle - they're like a honkin flashing red light above your head.
@lonestar108, All those three comments says each others loser. Only u have such a brain that has specialized part for saying it in a paragraph. Just like someone who draws stupid lines in charts instead of fundamental analysis.
@alp696, Your comments are worrisome. Your title of the idea and what you’ve said in the description box screams that you’re new to this space. I’ve seen it over and over. People such as you were around during the last bull run and screamed it’ll go to zero. The media has been screaming for it to go to zero over the past decade.
People like Dan Pena also said it was going to zero in 2018.. It comes from a misunderstanding of how the market works and the future of it.
Just put that into perspective.
P.s - ‘stupid lines’ in charts actually works and has made me a ton of money lol
alp696
⋅
@JZeus, Well, stupid lines sometimes may work but it doesn't change the fact that those lines are stupid. It just works because especially in crypto space there are many people who trades with those lines so that is the reason. Simply there are so many stupid people. Those lines simply not work in forex if you think you made money with those lines in forex you are wrong it was just something like market making.
And my post may be awkward to you because it is simply very different than what you see here in general and you are actually not talking about my post nor any other user because what i said is straightforward undeniable logic. So you skip it and do what you want to think tells you to do.
Media has never been screaming for it to go to zero, actually opposite.
JZeus
⋅
@alp696, Except they do work in Forex. I’ve traded forex before and it works perfectly. You must be missing something. There’s a lot more to these ‘lines’ on a chart than just drawing lines on a chart.
Do you know why 80% of all traders lose money in both traditional markets and crypto markets? Because they don’t know how to read a chart. They don’t know how to TA.
I’ve seen post like yours for years on end. It’s not going to zero. You’re just upset because you probably got liquidated/lost a lot over the past 2 days trying to short it, and so did most of Crypto Twitter, which is where I suspect you’re getting your information from.
And of course they have, many articles over the years saying “Bitcoin is dead, it’ll never come up again”. So again, by you saying “the media has never said this”, just tells me how new you are in this space.
Why is it that these so called “stupid lines” work for me but not for you? You think you’ll make money by learning how to trade from some guy on YouTube? Get real buddy. Number 1 rule to making money in this market is coming up with your own idea. And seek a professional mentor with a proven track record who can guide you instead of getting angry at ‘stupid lines on a chart’