Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
BTC is going to correct to sub 1000 in the next 2 years. Mark my words.
How is that helpful? There are numerous such posts dating back to 2015, none of which came true. Not to mention various ducks and cockroaches preaching about the imminent Armageddon...
Personally, the money I've invested in Bitcoin is money I can afford to lose (in fact, I consider them already lost), so whatever happens, let it come.
For the time being I'm HoDLing. Trading is not for me. Too much stomach-ache...
I'm with him. I think we will fall deep at least once more. This Bullrun is pure epicness. But i don't really believe that 7000$ is the new floor which can hold for months of sideways. At some point we will not rise anymore. Bitcoin (and crypto) will become "boring" again. And then we will slowly deflate. If we really hit sub 1000$ nobody knows. But for every rise there is a fall.
// Btw: in 2015 the price was actually sub $1000, going down to $150 in january.
From 2015 onwards we never had a big dip. But anyways... Earlier than that there was the MtGox fiasco.
About "for every rise there is a fall", well, that was Newton. With Bitcoin we are now past Einstein and there are new laws at play. In Bitcoin mathematics, there are only the (+) and (*) operators and no negative numbers. LOL!
Only kidding, of course, I know there may be a dip coming, but I'd like to hope it won't be so massive as sub-$1000.