Unless manages a lasting break above 300, the apex of the descending cone points to 40 by year end.
The band is becoming very narrow. to achieve this would mean a lowering in realised which would mean an acceptation of the new price paradigm (a slow death in other words).
I like watching only because for me it is a great case study of human behaviour (more than other indices that have macro forces affecting the price too).
What a passion. The bitcoin fanatics are very emotional... Ignoring negative views would be more efficient.
You have really to be short of arguments to become personal.
Yes Bitcoin has a value like tulips have a value too.
The fair value of bitcoin could be lower though and without taking risk i was just saying the trend is down and remains so as long as it stays below 300. This is just a statement that is so factual that it should not be challenged. You can tell me you think it will break 300 (which i did not challenge). If you can't accept this statement, you have nothing to do in the market where by essence, there are different opinions.
Please give me as many "minus" as you like, it strengthens my point.
Best of luck with your bitcoin wealth,