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 really do not know why you are so bearish about the bitcoin market. Maybe you're just the sort of person to be depressed in real life? Like man, you don't even have any proof or any graphs to back up what you are saying. Maybe you're shorting bitcoin yourself as a trader, rather unsuccessfully I'd say?
Well here's the thing: bitcoin hasn't gone down to $800 at all, in fact it never actually stayed under the sub-$1000 level for more than half a day. It is now back, stronger than ever, at a price level that has still exceeded the 2013 ATH.
Obviously there is a risk of it crashing down, i just don't think it is probable right now. Especially when we see that ETF decision virtually had no direct impact on the bitcoin price level.