Bullish On Bitcoin? Post-Apocalyptic Prediction
Text to come
Comment:
Corona virus --> Stock Crash --> Bitcoin crash | But:
When news affect the price, I am always sceptical. Yes, Corona virus is caused the stock crash, but here is my point: If corona pandemic continues and get's worse, it will not affect markets anymore, because what I believe is the chart and fundamentals.
maybe because of Efficient-market hypothesis (EMH), markets falls to the worst scenario target and lowest point is passed, there can be many reasons, but as practice has shown: news are always overestimated
I had no illusions about global financial crisis, I realized, that there was dangerously high chance, that bitcoin would fell also, but has financial crisis already started or it has already ended?
By stock to flow ratio (medium.com/@100trill...carcity-91fa0fc03e25) Bitcoin had bull cycle, so I assumed, that financial crisis would happen in few years, but not now! Why now? Crisises were always caused by something invisible, when everything seemed normal, but something crawled in the woods. Big depression, 1987 Black monday, 2008 household crisis. Now the Coronavirus? You are not serious
Stock Markets probably reached it's bottom, Fed injected 1.5 Trillion and saved the day, but the story has not ended, 1.5 Trillion is huge amount of money, so Corona virus made the problem with debt and fragile financial system even worse.
Bitcoiners dream about scenario when crisis continues, stocks crash, but bitcoin thrives and finally world adopts Bitcoin. Sorry guys it's impossible, everything is bond together and it's really really good, that's it's not that way, because Bitcoin whales would get zuper rich, what would bring more uncertainty in the world, because there are only 21 Million Bitcoins for 7 Billion people. It would have made Big whales more powerful, than governments or corporations, they would have slaves and imagine themselves the kings. King is rich, because he pays measurable salary, but no one else has money anymore.
Think about it. As I said, I believe in fundamentals and chart and by that Bitcoin should grow very soon very high, but apparently it's impossible without global economy in crisis
When news affect the price, I am always sceptical. Yes, Corona virus is caused the stock crash, but here is my point: If corona pandemic continues and get's worse, it will not affect markets anymore, because what I believe is the chart and fundamentals.
maybe because of Efficient-market hypothesis (EMH), markets falls to the worst scenario target and lowest point is passed, there can be many reasons, but as practice has shown: news are always overestimated
I had no illusions about global financial crisis, I realized, that there was dangerously high chance, that bitcoin would fell also, but has financial crisis already started or it has already ended?
By stock to flow ratio (medium.com/@100trill...carcity-91fa0fc03e25) Bitcoin had bull cycle, so I assumed, that financial crisis would happen in few years, but not now! Why now? Crisises were always caused by something invisible, when everything seemed normal, but something crawled in the woods. Big depression, 1987 Black monday, 2008 household crisis. Now the Coronavirus? You are not serious
Stock Markets probably reached it's bottom, Fed injected 1.5 Trillion and saved the day, but the story has not ended, 1.5 Trillion is huge amount of money, so Corona virus made the problem with debt and fragile financial system even worse.
Bitcoiners dream about scenario when crisis continues, stocks crash, but bitcoin thrives and finally world adopts Bitcoin. Sorry guys it's impossible, everything is bond together and it's really really good, that's it's not that way, because Bitcoin whales would get zuper rich, what would bring more uncertainty in the world, because there are only 21 Million Bitcoins for 7 Billion people. It would have made Big whales more powerful, than governments or corporations, they would have slaves and imagine themselves the kings. King is rich, because he pays measurable salary, but no one else has money anymore.
Think about it. As I said, I believe in fundamentals and chart and by that Bitcoin should grow very soon very high, but apparently it's impossible without global economy in crisis
Order cancelled:
It cancelled, BTC will fall again
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