Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
What I can't see is if we are all depending on crypto adoption how anyone would or could than socially or otherwise BTC could come back and moon from $1,000
is beyond me. It goes that low and we are toast IMHO in that all adoption (newbies) would dry up and the HODL folk like myself would dump way more than 1/2 their
hoard before that $1,000 price. Just can't see it as working at that level with the amount of FUD and PRESS gleefully pumping our demise to the masses at those price levels.
To me 'adoption' is a fragile flower...it simply could not come back at a $1,000 dump level. The Fud'sters would win IMHO if that was to happen.
Nobody knows shit. And he's proven himself to not know shit by stating upfront that everything that is not BTC is going to zero. Everything that is not BTC is largely worthless indeed but not enough people will ever agree with his wee opinion.
As for $1000, if it happened this year it would be alarming but a lot less alarming than if it was still considerably lower than it is now in a couple of years.
I agree I know zip. Just saying that as new (if we are in the accumulation phase of crypto and BTC) and we take a hit down to 1,000 for BTC. I still think that would be 'all she wrote' at this price
and level of adoption. Indeed the powers that be in the world against open source bitcoin would simply use that price as a 'way' to move in and take over from BTC dominance. Yes, sorry to say
no real adoption and people are that stupid to believe in a bank coin.
Anyway, not that I think BTC is going to $1,000 but that would be the terms above I'd be freaking out about if it did.
