Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
yefi
on 10/07/2019, 19:55:00 UTC
Much more likely is the next peak at 35-300K (most likely around 150K), followed by a multiyear proper whooping.
What if such whooping will end up not the usual 80-85%, but 95% lower?
200k back to 10k? A proper teeth gnashing would ensue and most people would sell, most likely closer to the lows than highs.

I had this experience before (when Internet boom turned to bust). There were literally no bids for some stocks. Could it happen with bitcoin?
I don't know.
however, for now, you are right, let's enjoy dee moo.

I fear for the consequences when we reach a capitalization approaching the Nasdaq's during the dotcom era. I also suspect that they will try to point the finger at us when the next financial crash comes... anyway, this is all a conversation for another day.