Disagree and tend to think this will eventually be worth 5 to 10 million sats. Inflation will reduce from 45% to 12% next year, hash rate increasing exponentially despite decline in price, ASICs just getting started on the network=continued climb in hash rate into foreseeable future, shielded addresses for mobile wallets already in test phase, shielded wallets are the only way for fully untraceable transactions, shielded wallet view key availability enables necessary compliance and auditing, approved by NYDFS, only privacy coin on coinbase and gemini... Time will tell, but you know down trends can reverse, would you prefer to buy into a 3 year uptrend, like say Binance coin?
HouseTarly
⋅
You are taking a much higher risk shorting at these levels. It's starting to look much like an uptrend is starting much like Bitcoin when it bottomed at 3k.