market is matured, organic growth, moon, moon, moon....
In the middle of the world biggest crisis, people dying, economy will be a desaster in the coming months and BTC is creating one of his biggest bull trap in history... great and tactical move of the whales to milk the foot soldiers one last time. Maybe it‘s the final last big breath before it goes where it belongs...
Yessss! Finally someone else with a brain. 2K incoming. We just make a new weekly lower high. Were In a BEARISH Structure
Ritchie-Rich
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u obviously dont understand anything about bitcoin or the blockchain....
cryptoject
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@Ritchie-Rich, False. We just made a weekly lower high in a bearish structure. Go home moon boy.
schaffi2
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@Ritchie-Rich, from my point of view it‘s not a question of technology. I like the blockchain idea. But the market is controlled by gangsters, governments and other whales. And especially governments will never allow a huge separate independent currency which they can‘t control in terms of taxes a.s.o. So for them it‘s very less money to buy a huge amount of bitcoins and pump and dump it as long as they want. It‘s a funny game for them to see the crowd talking about technology and moon and lambos and to confuse them with pump and dumps. IMHO, maybe I‘m totally wrong.
Ritchie-Rich
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@schaffi2, well I think bitcoin will become a store of value... people that live where there economy is suffering they feel safe in bitcoin... fiat is done... they are banks are using negative rates in some parts of the world... when everyone adopts it it will be difficult to manipulate... Governments are manipulating fiat as we spk and has been doing it for years.... Bitcoin may not last forever but it hasn't reached its peak but crypto is here to stay ... like the Internet and the cellphone
mertelver
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Your analysis made somewhat logic to me however the last sentence clearly indicates "sentiment" and this is not accepted in the markets. "Where it belongs" and your "dip" being zero, this is too sharp and too emotional man.
schaffi2
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@mertelver, I agree! The last sentence was to emotional. Going to zero I don‘t believe really and as I said earlier in a comment actually I believe in bitcoin and blockchain technology. 1 and 2 years ago I belong to the moonboys and thought BTC will go to 100k or 1 Mio or moon. Now I‘m much more realistic and I could imagine that the last 3 years BTC was only in a big bubble and may be it will go back to a three digit number and stay there for many years. Maybe the truth could be also in the middle and BTC will be in the range of 1K to 10k for many years. I was only a bit emotional because of so many moonboys on tradingview with their prediction of 50k, 100k and more. But it‘s typical. If BTC pumps a few hundred dollars the permabulls are coming out of their holes an predict moon and lambos. If BTC dump a few hundred dollars the permabears awake and talking about zero and the end of BTC (like I did a little bit emotional...). The truth is probably in the middle... Nevertheless in the meantime I‘ve my doubts if blockchain will be the future shortterm. Mass adoption - if happens ever - will take much longer time as I thought one or two years ago. The mass is still not ready for this, IMHO
Dave-FX-Hunter
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good.
macotta
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perfect your market assessment! people are on easy money ... unfortunately we are going through times of uncertainty and BTC is still following the traditional market. S&P will fall further and BTC will follow! I've been at BTC for a long time and I understand the potential of the technology, but we need to be calm because a lot is still going to happen ... several new variables are emerging. there are many uncertainties. big hug and success
ThumbSkin
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This is pure sheep mentality right here. Everyone thinking the same thing