With bitcoin crashing hard again and continuing it's downtrend of almost -10% today it's clear we've entered a new bear market for the unforseeable future.
The problems are only getting bigger and bigger.
ETF will be declined. Chinese exchanges will soon be shut down. US governments are probably also going to crack down on crypto.
There is no solution to the scaling problem and all proposals are being rejected by a stuborn and ubthinking community.
We will hit $800 by the end of the week and are probably not going to get that high anytime after that..
I'm really befmginning to doubt there's still anything to do to repair all the damage and actually fiz bitcoin.
I don't think so, I think $1000 is rational decimal for the price of bitcoin. We know the bitcoin is damaging itself. and i think there are a lot of the problems on the bitcoin and it must be resolving.
But 7k dump btc at the early bearish trend is very good for me. Just waiting for the another bullish is coming.