Bitcoin bubble is going to an end, public is not interested in bitcoin anymore, price is pumping only by tether. It was a good adventure
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volume continuously decreasing, we can spot some good volume only on usdt charts. Level of manipulation in the market is high. Past 10 years we have listen that bitcoin is a future but still nobody use it in transactions (selling drugs isn't a good argument my friends). Which country is using crypto now, except gangsta style country like Salvador? A lot of people came in the middle of 2021 so the price was pumped, but people who miss gather the profits are still believing that price will moon to 100k. Just bag holders left in the game
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Looks like price went down even faster then I previously expected. Looking for wick down to 32k or for short term uptrend movement -max 46k
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ok 46k was hit, now we will go down to catch support in about 34k. Btw it was so funny to read all of those predictions with 100k on bitcoin or 13usd on xrp when price went up a bit recently ;)
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ok, next stop around 20-21k usd
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another target reached. Tbh I'm not sure what we can expect now, we could see a large fakout, or we are going down to 17k
There are so many arguments against bitcoin and literally no good for it. Bitcoin network is using as much energy as Argentina now - it's all a waste at 7 transactions per second and high fees. Most real transactions are used for illegal purposes as by all means it is better to use normal currencies. It is not a currency. Currencies cannot be deflationary. It's a speculative asset. No more than a tulip mania, a total bubble. Even the blockchain claimed to be a revolution has literally not spawned any useful invention which is benefitting society in its 13 years of existence. 99.9% of blockchain projects are shameless money grabs with no merits. The NFTs being the peak stupidity associated with this scam. I don't care about your freedom and government yada yada. You should care about freeing Julian Assange, putting the banks' CEOs in jail or exposing Pfizer and Tether, and not making Michael Saylor or the Winklevoss brothers richer in this decentralized ponzi/mlm scheme, where in fact those who own the most coins centralize their power and keep on manipulating this anarcho-capitalistic wild west of a market. So yeah, bitcoin should go to fn zero!
vig06002
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Ah yes, another claiming that bitcoin is dead. Let's see how well this one ages like all of the last ones.
uchar1
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Hello my friend, I agree but people simply don't care..There is no wisdom, they want to make money over a night and this was the case in all history and guess who take the real money? ( hint: exchange websites) It's very simple, Bitcoin has a very very limited use case! It's very useless form of payment because no one accept it and also you can loose 20% of your money in one night! Just Imagine you plan to buy a car next week and convert your money to bitcoin! How much stress does it have? Look at market cap of e.g Nvidia and bitcoin and then compare their use case and adoption, then you will understand how huge bitcoin bubble is!!! It simply needs a couple of more bad news from governments before a complete collapse
UnknownUnicorn493766
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@uchar1, It's hard to put forward any case where the asset has risen quickly and outperformed other asset classes. Even with your 20% drop overnight, holders are still financially better off. FIAT assets are just as inflated, so the VALUE argument isn't the correct case to use. We live now in a world where people want the profit the next day. I see new record highs ahead for all things CRYPTO. It's not going away.
We just need the nonsense of the US tapering to subside and it's off to the races. THAT AIN'T going to happen. Certainly not at any level able to implement change. FAR too late now.
uchar1
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@gremic, As you see 1 week later with two news about Kazakhstan + Federal Reserve and the price is now at 41.
uchar1
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@gremic, Another 2 weeks passed, Now Russia bans crypto and now it's 38k. poor ElSalvador! I wonder when their people start another round of protest