Rick just came home from work and asked "What the fuck is going on with Bitcoin, man ?"
I just shrugged and replied with "No idea, dude."
What do I tell him about this dump ?
I have no idea what's going on.
I think you already gave him a honest assessment. You've set enough aside to carry you to the next halvening. Light some candles, pour a drink, cuddle, and forget about it for a while.
Nothing to worry about for the long term guys. I assume youre both willing to HODL until 6-12 months after the next halving?
Thats when the real fun will start, what well see until then is just posturing & whales playing around.
6-12 months after the next halving - 1 bitcoin = over $50,000
$100k is possible.
Red line is McAfee's line. And green is mine. I think my green line makes more sense in this case however if we go below $5k (which i doubt but still possible), my line may change its direction to $50k. I'll be happy with either price in 2020.